Helmerich & Payne, Inc. (HP) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Drilling
EV/EBITDA
↓
7.08
+14% vs avg
5yr avg: 6.22
30Y Low2.8·High13.6
P/FCF
↓
34.11
↑+38% vs avg
5yr avg: 24.76
30Y Low4.0·High96.5
P/B Ratio
↓
1.40
↑+20% vs avg
5yr avg: 1.16
30Y Low0.5·High2.9
ROE
↑
-5.7%
↑-343% vs avg
5yr avg: 2.4%
30Y Low-13%·High28%
Debt/EBITDA
↑
2.71
↑+59% vs avg
5yr avg: 1.71
30Y Low0.0·High2.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Helmerich & Payne, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 34.1x P/FCF, 38% above the 5-year average of 24.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.0B | $2.2B | $3.0B | $4.3B | $3.9B | $3.0B | $1.6B | $4.4B | $7.5B | $5.7B | $7.3B |
| Enterprise Value | $6.1B | $4.3B | $4.7B | $4.6B | $4.3B | $3.1B | $1.6B | $4.5B | $7.7B | $5.6B | $6.9B |
| P/E Ratio → | -23.99 | — | 8.87 | 10.13 | 723.48 | — | — | — | 15.59 | — | — |
| P/S Ratio | 1.06 | 0.59 | 1.09 | 1.51 | 1.91 | 2.43 | 0.89 | 1.56 | 3.02 | 3.13 | 4.47 |
| P/B Ratio | 1.40 | 0.78 | 1.03 | 1.56 | 1.42 | 1.01 | 0.48 | 1.09 | 1.72 | 1.36 | 1.59 |
| P/FCF | 34.11 | 18.81 | 15.90 | 9.90 | — | 54.43 | 3.97 | 11.01 | 96.51 | — | 14.64 |
| P/OCF | 7.32 | 4.04 | 4.40 | 5.20 | 16.84 | 21.66 | 2.94 | 5.11 | 13.81 | 15.83 | 9.64 |
P/E links to full P/E history page with 30-year chart
HP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Helmerich & Payne, Inc.'s enterprise value stands at 7.1x EBITDA, 14% above its 5-year average of 6.2x. The Energy sector median is 8.1x, placing the stock at a 13% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.14 | 1.69 | 1.61 | 2.07 | 2.56 | 0.91 | 1.61 | 3.11 | 3.12 | 4.22 |
| EV / EBITDA | 7.08 | 5.00 | 5.48 | 4.89 | 9.48 | — | — | 5.85 | 12.56 | 13.62 | 11.97 |
| EV / EBIT | 26.14 | 127.28 | 9.13 | 7.57 | 84.19 | — | — | — | 192.79 | — | — |
| EV / FCF | — | 36.79 | 24.55 | 10.54 | — | 57.35 | 4.07 | 11.34 | 99.20 | — | 13.81 |
HP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Helmerich & Payne, Inc. earns an operating margin of 6.2%, below the Energy sector average of 14.5%. Operating margins have compressed from 19.6% to 6.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -5.7% indicates the company is currently destroying shareholder equity. ROIC of 3.7% represents below-average returns on invested capital versus a sector median of 6.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.8% | 14.8% | 26.4% | 27.0% | 11.1% | -12.6% | 6.0% | 15.3% | 10.1% | -1.7% | 7.8% |
| Operating Margin | 6.2% | 6.2% | 16.4% | 19.6% | 2.2% | -35.2% | -35.0% | 7.6% | 1.3% | -9.6% | -1.6% |
| Net Profit Margin | -4.4% | -4.4% | 12.5% | 15.1% | 0.3% | -26.8% | -27.9% | -1.2% | 19.4% | -7.1% | -3.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.7% | -5.7% | 12.1% | 15.7% | 0.2% | -10.5% | -13.5% | -0.8% | 11.3% | -2.9% | -1.2% |
| ROA | -2.6% | -2.6% | 6.7% | 9.8% | 0.1% | -6.6% | -9.3% | -0.5% | 7.6% | -1.9% | -0.8% |
| ROIC | 3.7% | 3.7% | 8.9% | 13.7% | 1.1% | -10.0% | -12.4% | 3.7% | 0.5% | -3.1% | -0.4% |
| ROCE | 4.1% | 4.1% | 9.7% | 14.0% | 1.1% | -9.8% | -12.4% | 3.8% | 0.5% | -2.7% | -0.4% |
HP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Helmerich & Payne, Inc. carries a Debt/EBITDA ratio of 2.7x, which is moderately leveraged (12% above the sector average of 2.4x). Net debt stands at $2.1B ($2.3B total debt minus $224M cash). Interest coverage of just 0.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.82 | 0.82 | 0.64 | 0.22 | 0.21 | 0.37 | 0.16 | 0.12 | 0.11 | 0.12 | 0.11 |
| Debt / EBITDA | 2.71 | 2.71 | 2.19 | 0.64 | 1.30 | — | — | 0.62 | 0.80 | 1.19 | 0.86 |
| Net Debt / Equity | — | 0.74 | 0.56 | 0.10 | 0.11 | 0.05 | 0.01 | 0.03 | 0.05 | -0.01 | -0.09 |
| Net Debt / EBITDA | 2.44 | 2.44 | 1.93 | 0.30 | 0.70 | — | — | 0.17 | 0.34 | -0.07 | -0.72 |
| Debt / FCF | — | 17.98 | 8.66 | 0.65 | — | 2.92 | 0.10 | 0.33 | 2.69 | — | -0.83 |
| Interest Coverage | 0.31 | 0.31 | 17.53 | 35.33 | 2.63 | -16.94 | -25.01 | -1.03 | 1.65 | -8.35 | -2.17 |
HP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.80x means Helmerich & Payne, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.40x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.38x to 1.80x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.80 | 1.80 | 2.67 | 2.38 | 2.53 | 1.83 | 4.40 | 2.72 | 2.96 | 3.59 | 4.76 |
| Quick Ratio | 1.40 | 1.40 | 2.40 | 2.16 | 2.30 | 1.73 | 3.92 | 2.35 | 2.54 | 3.19 | 4.39 |
| Cash Ratio | 0.30 | 0.30 | 1.14 | 0.98 | 0.98 | 1.29 | 2.63 | 0.98 | 0.86 | 1.64 | 2.88 |
| Asset Turnover | — | 0.56 | 0.48 | 0.65 | 0.47 | 0.24 | 0.37 | 0.48 | 0.40 | 0.28 | 0.24 |
| Inventory Turnover | 9.84 | 9.84 | 17.20 | 22.26 | 20.80 | 16.33 | 16.00 | 15.85 | 14.14 | 13.37 | 12.04 |
| Days Sales Outstanding | — | 76.74 | 56.92 | 52.19 | 82.44 | 69.91 | 40.12 | 64.92 | 82.94 | 96.49 | 84.31 |
HP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Helmerich & Payne, Inc. returns 2.5% to shareholders annually primarily through dividends.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.5% | 4.6% | 5.6% | 4.6% | 2.7% | 3.7% | 16.5% | 7.2% | 4.1% | 5.4% | 4.1% |
| Payout Ratio | — | — | 48.9% | 46.4% | 1544.6% | — | — | — | 63.9% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 11.3% | 9.9% | 0.1% | — | — | — | 6.4% | — | — |
| FCF Yield | 2.9% | 5.3% | 6.3% | 10.1% | — | 1.8% | 25.2% | 9.1% | 1.0% | — | 6.8% |
| Buyback Yield | 0.0% | 0.0% | 1.7% | 5.7% | 2.0% | 0.1% | 1.8% | 1.0% | 0.1% | 0.1% | 0.0% |
| Total Shareholder Yield | 2.5% | 4.6% | 7.3% | 10.3% | 4.7% | 3.8% | 18.3% | 8.1% | 4.2% | 5.5% | 4.1% |
| Shares Outstanding | — | $99M | $99M | $103M | $107M | $108M | $108M | $109M | $109M | $109M | $108M |
Peer Comparison
Compare HP with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HPYou | $4B | -24.0 | 7.1 | 34.1 | 14.8% | 6.2% | -5.7% | 3.7% | 2.7 |
 NBR | $2B | 5.8 | 3.5 | — | 19.5% | 8.3% | 18.8% | 6.2% | 2.8 |
 PD | $629M | 3.7 | 137.8 | 5.6 | 84.9% | 1.2% | 83.0% | 1.2% | 70.8 |
 PTEN | $4B | -48.3 | 5.7 | 11.8 | 4.8% | -0.5% | -2.8% | -0.4% | 1.4 |
 OIS | $536M | -4.8 | 12.9 | 7.3 | 12.8% | -0.7% | -17.4% | -0.5% | 2.0 |
 NINE | $429M | -7.9 | 337.9 | — | — | — | — | 0.7% | 163.0 |
 KLXE | $61M | -0.8 | 5.8 | — | 21.2% | -4.8% | — | -9.4% | 4.9 |
 WTTR | $2B | 87.3 | 10.1 | — | 14.0% | 2.5% | 2.3% | 2.3% | 1.8 |
 SLB | $83B | 23.5 | 12.5 | 17.3 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 HAL | $34B | 26.9 | 11.7 | 20.2 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 BKR | $66B | 25.6 | 14.7 | 26.1 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonHP — Frequently Asked Questions
Quick answers to the most common questions about buying HP stock.
What is Helmerich & Payne, Inc.'s P/E ratio?
Helmerich & Payne, Inc.'s current P/E ratio is -24.0x. The historical average is 25.9x.
What is Helmerich & Payne, Inc.'s EV/EBITDA?
Helmerich & Payne, Inc.'s current EV/EBITDA is 7.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.8x.
What is Helmerich & Payne, Inc.'s ROE?
Helmerich & Payne, Inc.'s return on equity (ROE) is -5.7%. The historical average is 8.6%.
Is HP stock overvalued?
Based on historical data, Helmerich & Payne, Inc. is trading at a P/E of -24.0x. Compare with industry peers and growth rates for a complete picture.
What is Helmerich & Payne, Inc.'s dividend yield?
Helmerich & Payne, Inc.'s current dividend yield is 2.55%.
What are Helmerich & Payne, Inc.'s profit margins?
Helmerich & Payne, Inc. has 14.8% gross margin and 6.2% operating margin.
How much debt does Helmerich & Payne, Inc. have?
Helmerich & Payne, Inc.'s Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.