Helmerich & Payne (HP) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
2.8B
Gross Profit
729.0M
26.45%
Operating Income
438.7M
15.91%
Net Income
344.2M
12.49%
EPS (Diluted)
$3.43
Balance Sheet Metrics
Total Assets
5.8B
Total Liabilities
2.9B
Shareholders Equity
2.9B
Debt to Equity
0.98
Cash Flow Metrics
Operating Cash Flow
706.6M
Free Cash Flow
189.6M
Revenue & Profitability Trend
Helmerich & Payne Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 2.8B | 2.9B | 2.1B | 1.2B | 1.8B |
| Cost of Goods Sold | 2.0B | 2.1B | 1.8B | 1.4B | 1.7B |
| Gross Profit | 729.0M | 775.0M | 229.2M | -153.8M | 107.3M |
| Operating Expenses | 290.3M | 241.2M | 213.6M | 199.1M | 194.9M |
| Operating Income | 438.7M | 533.8M | 15.6M | -352.8M | -87.7M |
| Pre-tax Income | 481.0M | 593.4M | 31.3M | -429.9M | -636.5M |
| Income Tax | 136.9M | 159.3M | 24.4M | -103.7M | -140.1M |
| Net Income | 344.2M | 434.1M | 7.0M | -326.2M | -494.5M |
| EPS (Diluted) | $3.43 | $4.16 | $0.05 | -$3.04 | -$4.60 |
Income Statement Trend
Helmerich & Payne Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 1.2B | 1.0B | 1.0B | 1.6B | 963.3M |
| Non-Current Assets | 4.6B | 3.4B | 3.4B | 3.4B | 3.9B |
| Total Assets | 5.8B | 4.4B | 4.4B | 5.0B | 4.8B |
| Liabilities | |||||
| Current Liabilities | 446.9M | 418.9M | 394.8M | 866.3M | 219.1M |
| Non-Current Liabilities | 2.4B | 1.2B | 1.2B | 1.3B | 1.3B |
| Total Liabilities | 2.9B | 1.6B | 1.6B | 2.1B | 1.5B |
| Equity | |||||
| Total Shareholders Equity | 2.9B | 2.8B | 2.8B | 2.9B | 3.3B |
Balance Sheet Composition
Helmerich & Payne Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 344.2M | 434.1M | 7.0M | -326.2M | -496.4M |
| Operating Cash Flow | 706.6M | 884.3M | 211.4M | 60.8M | 170.4M |
| Investing Activities | |||||
| Capital Expenditures | - | 0 | 0 | 86.5M | 0 |
| Investing Cash Flow | 36.3M | 72.9M | 105.2M | -79.8M | 52.9M |
| Financing Activities | |||||
| Dividends Paid | -168.5M | -201.5M | -107.4M | -109.1M | -260.3M |
| Financing Cash Flow | 986.5M | -463.9M | -734.3M | 425.5M | -301.3M |
| Free Cash Flow | 189.6M | 438.2M | -38.6M | 54.3M | 398.1M |
Cash Flow Trend
Helmerich & Payne Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
7.78
Forward P/E
4.79
Price to Book
0.58
Price to Sales
0.55
PEG Ratio
4.79
Profitability Ratios
Profit Margin
7.15%
Operating Margin
6.32%
Return on Equity
7.58%
Return on Assets
4.19%
Financial Health
Current Ratio
1.68
Debt to Equity
75.26
Beta
0.81
Per Share Data
EPS (TTM)
$2.20
Book Value per Share
$29.52
Revenue per Share
$31.18
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| hp | 1.7B | 7.78 | 0.58 | 7.58% | 7.15% | 75.26 |
| Noble | 4.6B | 9.43 | 0.95 | 10.76% | 14.69% | 42.48 |
| Transocean | 2.5B | -4.50 | 0.24 | -6.65% | -18.79% | 65.11 |
| Seadrill Limited | 1.7B | 5.00 | 0.57 | 12.75% | 28.88% | 21.25 |
| Precision Drilling | 651.2M | 8.80 | 0.38 | 6.58% | 5.84% | 51.12 |
| Borr Drilling | 497.8M | 10.95 | 0.51 | 5.17% | 5.11% | 217.04 |
Financial data is updated regularly. All figures are in the company's reporting currency.