Helmerich & Payne, Inc. (HP) Income Statement
HP FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsHP revenue and net income
Where HP's revenue goes
FY2025Each bar shows an amount and its share of revenue. HP kept −4.4% of revenue as net income.
HP profit margins
HP growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +35.9% | +22.1% | +16.1% | +1.7% |
| Gross profit | −24.1% | +34.2% | +38.8% | −4.2% |
| Operating income | −48.6% | +72.5% | — | −10.1% |
| Net income | −148.0% | — | — | — |
| EPS (diluted) | −73.1% | +111.0% | — | −11.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HP quarterly EPS vs estimates
Helmerich & Payne beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 18, 2026 (estimate $0.27).
HP income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.75B | $2.76B | $2.87B | $2.06B | $1.22B | $1.77B | $2.80B | $2.49B | $1.80B | $1.62B |
| Cost of revenue | $3.19B | $2.03B | $2.10B | $1.83B | $1.37B | $1.67B | $2.37B | $2.24B | $1.83B | $1.50B |
| Gross profit | $553.5M | $729.0M | $775.0M | $229.2M | −$153.8M | $107.3M | $427.1M | $250.9M | −$30.1M | $126.8M |
| Research & development | $34.1M | $41.0M | $30.0M | $26.6M | $21.7M | $21.6M | $27.5M | $18.2M | $12.0M | $10.3M |
| Sales, general & admin | $287.1M | $244.9M | $206.7M | $182.4M | $172.2M | $167.5M | $194.4M | $200.6M | $151.0M | $146.2M |
| Total operating expenses | $321.2M | $277.1M | $213.1M | $183.9M | $274.8M | $727.4M | $221.9M | $218.8M | $163.0M | $156.5M |
| Operating income | $232.3M | $451.9M | $561.9M | $45.3M | −$428.5M | −$620.2M | $213.1M | $31.6M | −$172.5M | −$26.0M |
| Interest income | $35.2M | $41.2M | $28.4M | $56.8M | $10.3M | $25.9M | $9.5M | $8.0M | $5.9M | $3.2M |
| Interest expense | $107.8M | $29.1M | $17.3M | $19.2M | $24.0M | $24.5M | $25.2M | $24.3M | $19.7M | $22.9M |
| Income before taxes | −$74.1M | $481.0M | $593.4M | $31.3M | −$429.9M | −$636.5M | −$51.2M | $15.8M | −$184.6M | −$72.7M |
| Income taxes | $85.8M | $136.9M | $159.3M | $24.4M | −$103.7M | −$140.1M | −$18.7M | −$477.2M | −$56.7M | −$19.7M |
| Net income | −$165.1M | $344.2M | $434.1M | $7.0M | −$326.1M | −$494.5M | −$32.5M | $482.7M | −$128.2M | −$56.8M |
| EBITDA | $658.8M | $907.5M | $993.0M | $453.7M | $13.8M | −$130.1M | $536.8M | $623.9M | $420.7M | $548.8M |
| EPS (diluted) | $0.94 | $3.49 | $4.15 | $0.10 | −$2.61 | −$0.96 | $1.77 | $0.11 | −$1.27 | −$1.03 |
| Gross margin | 14.8% | 26.4% | 27.0% | 11.1% | −12.6% | 6.0% | 15.3% | 10.1% | −1.7% | 7.8% |
| Operating margin | 6.2% | 16.4% | 19.6% | 2.2% | −35.2% | −35.0% | 7.6% | 1.3% | −9.6% | −1.6% |
| Net margin | −4.4% | 12.5% | 15.1% | 0.3% | −26.8% | −27.9% | −1.2% | 19.4% | −7.1% | −3.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.03B | $932.4M | $1.02B | $1.01B | $1.04B | $1.02B | $677.3M | $693.8M | $697.7M | $687.9M | $677.1M | $659.6M |
| Cost of revenue | $910.4M | $866.7M | $896.0M | $903.8M | $883.7M | $859.3M | $510.9M | $509.0M | $513.9M | $505.8M | $497.3M | $503.1M |
| Gross profit | $124.5M | $65.6M | $121.1M | $108.0M | $157.2M | $156.7M | $166.4M | $184.8M | $183.8M | $182.1M | $179.9M | $156.5M |
| Research & development | $5.9M | $7.0M | $6.6M | $7.6M | $7.8M | $9.4M | $9.4M | $8.9M | $10.6M | $12.9M | $8.6M | $7.3M |
| Sales, general & admin | $65.8M | $71.1M | $70.4M | $77.6M | $65.5M | $80.8M | $63.1M | $59.4M | $66.9M | $62.0M | $56.6M | $56.1M |
| Total operating expenses | −$63.7M | $78.1M | $77.1M | $85.2M | $285.5M | $114.6M | $76.4M | $78.2M | $77.4M | $70.9M | $56.4M | $62.7M |
| Operating income | $188.2M | −$12.4M | $44.0M | $22.7M | −$128.3M | $42.2M | $90.0M | $106.5M | $106.4M | $111.2M | $123.5M | $93.7M |
| Interest income | $2.3M | $2.2M | $2.8M | $3.4M | $2.9M | $7.3M | $21.7M | $12.0M | $11.9M | $6.6M | $10.7M | $8.7M |
| Interest expense | $24.4M | $25.8M | $25.6M | $28.0M | $29.2M | $28.3M | $22.3M | $16.1M | $4.3M | $4.3M | $4.4M | $4.4M |
| Income before taxes | $150.5M | −$46.6M | −$83.7M | −$62.1M | −$132.9M | $44.4M | $76.4M | $116.4M | $122.4M | $117.0M | $125.3M | $113.6M |
| Income taxes | $72.4M | $9.3M | $11.2M | −$6.3M | $29.0M | $41.5M | $21.6M | $40.9M | $33.7M | $32.2M | $30.1M | $35.1M |
| Net income | $75.7M | −$58.6M | −$97.2M | −$57.4M | −$162.8M | $1.7M | $54.8M | $75.5M | $88.7M | $84.8M | $95.2M | $77.6M |
| EBITDA | $355.9M | $160.0M | $123.8M | $154.8M | $75.8M | $230.4M | $197.8M | $233.5M | $224.5M | $225.8M | $223.6M | $212.5M |
| EPS (diluted) | −$0.11 | −$0.38 | −$0.15 | −$0.01 | $0.22 | $0.02 | $0.71 | $0.76 | $0.92 | $0.84 | $0.97 | $0.69 |
| Gross margin | 12.0% | 7.0% | 11.9% | 10.7% | 15.1% | 15.4% | 24.6% | 26.6% | 26.3% | 26.5% | 26.6% | 23.7% |
| Operating margin | 18.2% | −1.3% | 4.3% | 2.2% | −12.3% | 4.1% | 13.3% | 15.4% | 15.3% | 16.2% | 18.2% | 14.2% |
| Net margin | 7.3% | −6.3% | −9.6% | −5.7% | −15.6% | 0.2% | 8.1% | 10.9% | 12.7% | 12.3% | 14.1% | 11.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HP's financial statements (latest annual report filed November 21, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HP financial results
In fiscal year 2025 (ended September 30, 2025), Helmerich & Payne reported revenue of $3.7 billion, up 35.9% from the year before. It had a net loss of $165.1 million, a net profit margin of −4.4%. Diluted earnings per share came to $0.94. Over five years revenue grew at an average rate of 16.1% a year.
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HP income statement FAQ
What is Helmerich & Payne's annual revenue?
Helmerich & Payne reported total revenue of $3.7 billion for fiscal year 2025, which ended on September 30, 2025. That was up 35.9% from $2.8 billion the previous year.
Is Helmerich & Payne profitable?
No. Helmerich & Payne reported a net loss of $165.1 million in fiscal 2025, a net profit margin of −4.4%; its operating margin was 6.2%.
What is Helmerich & Payne's gross margin?
Helmerich & Payne's gross margin was 14.8% in fiscal 2025: for every $100 of revenue, Helmerich & Payne kept $15 after the direct cost of its products and services.
How much does Helmerich & Payne spend on research and development?
Helmerich & Payne spent $34.1 million on research and development in fiscal 2025, 0.9% of revenue.
How fast is Helmerich & Payne growing?
Revenue grew 16.1% a year on average over the last five fiscal years, from $1.8 billion to $3.7 billion.
What are Helmerich & Payne's earnings per share?
Helmerich & Payne earned $0.94 per diluted share in fiscal 2025, compared with $3.49 a year earlier.
When will Helmerich & Payne report its next earnings?
Helmerich & Payne is expected to report results for the quarter ending September 30, 2026 on November 18, 2026 after the market closes.
When does Helmerich & Payne's fiscal year end?
Helmerich & Payne's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 21, 2025.