Helmerich & Payne, Inc. (HP) Key Metrics
HP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.74B
- Enterprise value
- $5.58B
- P/E (TTM)
- — 10-yr median 12.8
- Forward P/E
- 35.6
- PEG ratio
- 5.78
- Price / sales
- 0.9 10-yr median 1.7
- Price / book
- 1.5 10-yr median 1.2
- EV / EBITDA
- 7.0 10-yr median 9.1
- Dividend yield
- 2.67% $1.00 a year
- Beta
- 0.69
HP key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsHP valuation Price multiples at each fiscal year-end price.
Price / sales−46.5%
0.6
FY2025 · hover or tap a bar for each year
FY2016FY2025
Price / book−22.1%
0.8
FY2025 · hover or tap a bar for each year
FY2016FY2025
EV / EBITDA+34.7%
6.5
FY2025 · hover or tap a bar for each year
FY2016FY2025
Price / free cash flow+18.3%
18.8
FY2025 · hover or tap a bar for each year
FY2016FY2025
Free cash flow yield−1.0 pts
5.3%
FY2025 · hover or tap a bar for each year
FY2016FY2025
HP returns How much profit the business earns on the capital it uses.
Return on equity−18.0 pts
−5.9%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Return on invested capital−4.9 pts
4.0%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Return on assets−9.4 pts
−2.6%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Free cash flow margin−3.8 pts
3.1%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Asset turnover+11.2%
0.60
FY2025 · hover or tap a bar for each year
FY2016FY2025
HP per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+35.6%
$37.73
FY2025 · hover or tap a bar for each year
FY2016FY2025
Earnings per share
−$1.66
FY2025 · hover or tap a bar for each year
FY2016FY2025
Free cash flow per share−38.6%
$1.17
FY2025 · hover or tap a bar for each year
FY2016FY2025
Book value per share−6.8%
$27.45
FY2025 · hover or tap a bar for each year
FY2016FY2025
Dividends per share−40.3%
$1.01
FY2025 · hover or tap a bar for each year
FY2016FY2025
Shares outstanding+0.2%
99.3M
FY2025 · hover or tap a bar for each year
FY2016FY2025
HP financial health Debt, liquidity and how easily interest is covered.
Debt / equity+33.6%
0.85
FY2025 · hover or tap a bar for each year
FY2016FY2025
Net debt+$725.7M
$2.07B
FY2025 · hover or tap a bar for each year
FY2016FY2025
Net debt / EBITDA+1.66
3.15
FY2025 · hover or tap a bar for each year
FY2016FY2025
Current ratio−32.6%
1.80
FY2025 · hover or tap a bar for each year
FY2016FY2025
Interest coverage−86.1%
2.2
FY2025 · hover or tap a bar for each year
FY2016FY2025
Debt / assets+7.6%
0.35
FY2025 · hover or tap a bar for each year
FY2016FY2025
HP efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+4 days
59 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Days of inventory+6 days
25 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Days payables outstanding−4 days
20 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Cash conversion cycle+14 days
64 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Capex / revenue−6.6 pts
11.4%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Dividends + buybacks / FCF−29.5 pts
86.4%
FY2025 · hover or tap a bar for each year
FY2016FY2025
HP valuation history
Fiscal year-endToday10-year median
HP returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HP debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HP cash returned to shareholders
DividendsBuybacksFree cash flow
HP price vs earnings per share
Share price at year-endEPS (right axis)
HP key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.19B | $3.01B | $4.34B | $3.94B | $2.96B | $1.58B | $4.38B | $7.52B | $5.65B | $7.27B |
| Enterprise value | $4.27B | $4.36B | $4.53B | $4.14B | $2.92B | $1.50B | $4.45B | $7.75B | $5.75B | $6.96B |
| P/E ratio | — | 8.8 | 10.0 | 566.6 | — | — | — | 15.6 | — | — |
| Price / sales | 0.6 | 1.1 | 1.5 | 1.9 | 2.4 | 0.9 | 1.6 | 3.0 | 3.1 | 4.5 |
| Price / book | 0.8 | 1.0 | 1.6 | 1.4 | 1.0 | 0.5 | 1.1 | 1.7 | 1.4 | 1.6 |
| Price / free cash flow | 18.8 | 15.9 | 9.9 | — | 54.4 | 4.0 | 11.0 | 96.5 | — | 14.6 |
| Price / operating cash flow | 4.0 | 4.4 | 5.2 | 16.8 | 21.7 | 2.9 | 5.1 | 13.8 | 15.8 | 9.6 |
| EV / sales | 1.1 | 1.6 | 1.6 | 2.0 | 2.4 | 0.8 | 1.6 | 3.1 | 3.2 | 4.3 |
| EV / EBITDA | 6.5 | 4.8 | 4.6 | 9.1 | 211.1 | — | 8.3 | 12.4 | 13.7 | 12.7 |
| EV / free cash flow | 36.6 | 23.0 | 10.3 | — | 53.7 | 3.8 | 11.2 | 99.4 | — | 14.0 |
| Earnings yield | −7.5% | 11.4% | 10.0% | 0.2% | −11.0% | −31.3% | −0.7% | 6.4% | −2.3% | −0.8% |
| Free cash flow yield | 5.3% | 6.3% | 10.1% | −1.0% | 1.8% | 25.2% | 9.1% | 1.0% | −0.7% | 6.8% |
| Dividend yield | 4.6% | 5.6% | 4.6% | 2.7% | 3.7% | 16.5% | 7.2% | 4.1% | 5.4% | 4.1% |
| Shareholder yield (dividends + buybacks) | 4.6% | 7.3% | 10.3% | 4.7% | 5.7% | 18.3% | 8.1% | 4.2% | 5.5% | 4.2% |
| Share price at fiscal year-end | $22.09 | $30.42 | $42.16 | $36.97 | $27.41 | $14.65 | $40.07 | $68.77 | $52.11 | $67.30 |
| Per share | ||||||||||
| Revenue per share | $37.73 | $27.83 | $27.93 | $19.32 | $11.30 | $16.42 | $25.62 | $22.74 | $16.63 | $15.04 |
| Earnings per share | −$1.66 | $3.47 | $4.22 | $0.07 | −$3.03 | −$4.58 | −$0.30 | $4.41 | −$1.18 | −$0.53 |
| Operating cash flow per share | $5.47 | $6.91 | $8.11 | $2.20 | $1.27 | $4.99 | $7.84 | $4.98 | $3.29 | $6.98 |
| Free cash flow per share | $1.17 | $1.91 | $4.26 | −$0.36 | $0.50 | $3.69 | $3.64 | $0.71 | −$0.37 | $4.60 |
| Cash per share | $2.48 | $5.15 | $3.98 | $3.62 | $10.35 | $5.34 | $3.67 | $2.98 | $5.22 | $8.79 |
| Book value per share | $27.45 | $29.45 | $26.95 | $25.95 | $27.01 | $30.72 | $36.74 | $40.07 | $38.38 | $42.23 |
| Tangible book value per share | $20.71 | $28.44 | $25.92 | $24.89 | $25.91 | $29.55 | $35.18 | $38.80 | $37.44 | $42.18 |
| Dividends per share | $1.01 | $1.70 | $1.96 | $1.01 | $1.01 | $2.41 | $2.87 | $2.82 | $2.82 | $2.78 |
| Capex per share | $4.29 | $5.00 | $3.84 | $2.56 | $0.76 | $1.30 | $4.20 | $4.27 | $3.66 | $2.38 |
| Debt per share | $23.37 | $18.76 | $5.83 | $5.47 | $9.98 | $4.56 | $4.39 | $5.05 | $6.12 | $5.92 |
| Shares outstanding | 99.3M | 99.1M | 102.9M | 106.6M | 107.8M | 108.0M | 109.2M | 109.4M | 108.5M | 108.0M |
| Change in shares outstanding | +0.2% | −3.7% | −3.5% | −1.2% | −0.2% | −1.1% | −0.2% | +0.8% | +0.5% | −0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −5.9% | 12.1% | 15.7% | 0.2% | −10.5% | −13.5% | −0.8% | 11.3% | −2.9% | −1.2% |
| Return on invested capital (ROIC) | 4.0% | 8.9% | 13.9% | 0.8% | −11.1% | −13.4% | 3.9% | 0.7% | −3.2% | −0.5% |
| Return on assets (ROA) | −2.6% | 6.7% | 9.8% | 0.1% | −6.6% | −9.3% | −0.5% | 7.6% | −1.9% | −0.8% |
| Return on tangible assets | −2.7% | 6.1% | 10.0% | 0.2% | −6.6% | −10.5% | −0.6% | 7.9% | −2.0% | −0.8% |
| Free cash flow margin | 3.1% | 6.9% | 15.3% | −1.9% | 4.5% | 22.4% | 14.2% | 3.1% | −2.2% | 30.6% |
| Income quality (OCF / net income) | — | 1.99 | 1.92 | 33.64 | — | — | — | 1.13 | — | — |
| Financial health | ||||||||||
| Total debt | $2.32B | $1.86B | $600.0M | $582.3M | $1.08B | $492.1M | $479.4M | $552.0M | $664.3M | $639.9M |
| Cash & short-term investments | $245.8M | $510.3M | $409.8M | $385.5M | $1.12B | $577.2M | $400.9M | $325.8M | $565.9M | $949.7M |
| Net debt | $2.07B | $1.35B | $190.1M | $196.9M | −$40.3M | −$85.1M | $78.5M | $226.2M | $98.4M | −$309.8M |
| Debt / equity | 0.85 | 0.64 | 0.22 | 0.21 | 0.37 | 0.15 | 0.12 | 0.13 | 0.16 | 0.14 |
| Debt / assets | 0.35 | 0.32 | 0.14 | 0.13 | 0.21 | 0.10 | 0.08 | 0.09 | 0.10 | 0.09 |
| Net debt / EBITDA | 3.15 | 1.49 | 0.19 | 0.43 | −2.92 | — | 0.15 | 0.36 | 0.23 | −0.56 |
| Current ratio | 1.80 | 2.67 | 2.38 | 2.53 | 1.83 | 4.40 | 2.72 | 2.96 | 3.59 | 4.76 |
| Quick ratio | 1.40 | 2.40 | 2.16 | 2.30 | 1.73 | 3.92 | 2.35 | 2.54 | 3.19 | 4.39 |
| Interest coverage | 2.2 | 15.5 | 32.5 | 2.4 | -17.9 | -25.3 | 8.5 | 1.3 | -8.7 | -1.1 |
| Working capital | $650.6M | $745.1M | $579.8M | $603.1M | $720.3M | $744.2M | $704.8M | $738.4M | $890.9M | $1.24B |
| Invested capital | $4.80B | $4.27B | $2.96B | $2.96B | $2.87B | $3.23B | $4.09B | $4.61B | $4.26B | $4.25B |
| Tangible asset value | $2.16B | $2.82B | $2.67B | $2.65B | $2.79B | $3.19B | $3.84B | $4.24B | $4.06B | $4.56B |
| Net current asset value | −$2.41B | −$1.67B | −$668.9M | −$647.0M | −$534.9M | −$547.8M | −$712.2M | −$716.6M | −$1.04B | −$698.4M |
| Graham number | — | $47.98 | $50.59 | $6.17 | — | — | — | $63.07 | — | — |
| Graham net-net per share | −$28.99 | −$19.92 | −$8.78 | −$8.13 | −$7.31 | −$6.81 | −$8.96 | −$9.17 | −$11.83 | −$9.05 |
| Capital allocation | ||||||||||
| Dividends paid | $100.7M | $168.5M | $201.5M | $107.4M | $109.1M | $260.3M | $313.4M | $308.4M | $305.5M | $300.2M |
| Share buybacks (net) | $0 | $51.3M | $247.2M | $77.0M | $60.4M | $28.5M | $42.8M | $7.1M | $6.6M | $5.6M |
| Dividend payout ratio | — | 48.9% | 46.4% | — | — | — | — | 63.9% | — | — |
| Dividends + buybacks / free cash flow | 86.4% | 115.9% | 102.4% | — | 312.2% | 72.6% | 89.6% | 404.8% | — | 61.6% |
| Capex / revenue | 11.4% | 18.0% | 13.8% | 13.2% | 6.7% | 7.9% | 16.4% | 18.8% | 22.0% | 15.8% |
| Capex / operating cash flow | 78.5% | 72.3% | 47.4% | 116.5% | 60.2% | 26.1% | 53.6% | 85.7% | 111.3% | 34.1% |
| Capex / depreciation | 0.68 | 1.25 | 1.03 | 0.68 | 0.20 | 0.29 | 0.81 | 0.80 | 0.68 | 0.43 |
| Stock-based compensation / revenue | 0.8% | 1.1% | 1.1% | 1.4% | 2.3% | 2.0% | 1.2% | 1.3% | 1.5% | 1.5% |
| R&D / revenue | 0.9% | 1.5% | 1.0% | 1.3% | 1.8% | 1.2% | 1.0% | 0.7% | 0.7% | 0.6% |
| SG&A / revenue | 7.7% | 8.9% | 7.2% | 8.9% | 14.1% | 9.4% | 6.9% | 8.1% | 8.4% | 9.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 59.3 | 55.7 | 55.6 | 61.9 | 64.2 | 71.3 | 69.3 | 76.5 | 86.2 | 92.6 |
| Days of inventory on hand | 25.3 | 19.1 | 15.9 | 17.2 | 25.0 | 27.8 | 23.7 | 24.1 | 26.0 | 30.8 |
| Days payables outstanding | 20.2 | 23.9 | 22.4 | 19.8 | 14.4 | 17.5 | 19.7 | 21.9 | 23.0 | 25.1 |
| Cash conversion cycle (days) | 64.4 | 50.8 | 49.1 | 59.2 | 74.8 | 81.6 | 73.3 | 78.7 | 89.2 | 98.4 |
| Receivables turnover | 6.15 | 6.56 | 6.56 | 5.90 | 5.69 | 5.12 | 5.27 | 4.77 | 4.24 | 3.94 |
| Payables turnover | 18.09 | 15.25 | 16.27 | 18.39 | 25.30 | 20.88 | 18.54 | 16.67 | 15.88 | 14.53 |
| Inventory turnover | 14.44 | 19.12 | 23.03 | 21.27 | 14.58 | 13.13 | 15.41 | 15.14 | 14.03 | 11.83 |
| Asset turnover | 0.60 | 0.54 | 0.65 | 0.44 | 0.25 | 0.33 | 0.46 | 0.39 | 0.27 | 0.23 |
| Average receivables | $608.7M | $420.3M | $437.9M | $349.2M | $214.2M | $346.4M | $531.5M | $521.1M | $426.1M | $412.3M |
| Average payables | $176.5M | $133.0M | $128.9M | $99.5M | $54.2M | $79.8M | $127.9M | $134.1M | $115.5M | $103.1M |
| Average inventory | $221.1M | $106.1M | $91.1M | $86.0M | $94.1M | $126.9M | $153.9M | $147.7M | $130.8M | $126.5M |
| Intangibles / total assets | 10.0% | 1.7% | 2.4% | 2.6% | 2.4% | 2.6% | 2.9% | 2.2% | 1.6% | 0.1% |
Computed from HP's annual financial statements (latest annual report filed November 21, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HP valuation and financial ratios
Helmerich & Payne earned a return on equity of −5.9% and a return on invested capital of 4.0% in fiscal 2025. It ended the year with $2.3 billion of debt and $245.8 million in cash and short-term investments, net debt of $2.1 billion. It returned $100.7 million to shareholders: $100.7 million in dividends and $0 in share buybacks, 86% of free cash flow. The share count fell 8.1% from 108.0M to 99.3M over 9 years.
See the HP income statement, the HP chart for price history, or the HP stock overview for the latest quote and news.
HP key metrics FAQ
What is Helmerich & Payne's EV/EBITDA?
Helmerich & Payne's enterprise value was 6.5 times EBITDA at the end of fiscal 2025 (enterprise value $4.3 billion, EBITDA $658.8 million); the current EV/EBITDA is 7.0.
What is Helmerich & Payne's return on equity?
Helmerich & Payne's return on equity (ROE) was −5.9% in fiscal 2025: net income of -$165.1 million on average shareholders' equity of $2.8 billion.
What is Helmerich & Payne's ROIC?
Helmerich & Payne's return on invested capital was 4.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Helmerich & Payne have?
Helmerich & Payne had total debt of $2.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.85 and $2.1 billion of net debt (3.15 times EBITDA).
What is Helmerich & Payne's dividend yield?
Helmerich & Payne's forward dividend yield is 2.67%. Helmerich & Payne paid $100.7 million in dividends in fiscal 2025 ($1.01 per share), a payout ratio of —.
What is Helmerich & Payne's free cash flow yield?
Helmerich & Payne generated $116.6 million of free cash flow in fiscal 2025, a free cash flow yield of 5.3% on its market value at year-end ($2.2 billion).
What is Helmerich & Payne's current ratio?
Helmerich & Payne's current ratio was 1.80 at the end of fiscal 2025: current assets were 1.80 times current liabilities.