Helmerich & Payne (HP) Asset Utilization Ratio (2009 - 2026)
Helmerich & Payne (HP) reported Asset Utilization Ratio of 0.62 for Q1 2026, up 31.39% year-over-year from 0.47 in Q1 2025, and up 0.85% on a QoQ basis from 0.61 in Q4 2025.
Helmerich & Payne (HP) has 18 years of Asset Utilization Ratio data on file, last reported at 0.62 in Q1 2026.
- Quarterly Asset Utilization Ratio rose 31.39% year-over-year to 0.62 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.62 (up 31.39% YoY) and the FY2025 annual result came in at 0.6, up 10.6% from the prior year.
- Asset Utilization Ratio grew to 0.62 in Q1 2026 per HP's latest filing, from 0.61 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 0.65 in Q3 2023 and bottomed at 0.36 in Q1 2022.
- The 5-year median for Asset Utilization Ratio is 0.55 (2025), against an average of 0.55.
- The widest annual swing landed in 2022, when Asset Utilization Ratio jumped 86.28%; it then dropped 25.68% in 2024.
- Tracing HP's Asset Utilization Ratio over 5 years: stood at 0.54 in 2022, then climbed by 18.04% to 0.64 in 2023, then dropped by 25.68% to 0.47 in 2024, then climbed by 29.34% to 0.61 in 2025, then increased by 0.85% to 0.62 in 2026.
- Per Business Quant, the three latest HP Asset Utilization Ratio figures stand at 0.62 (Q1 2026), 0.61 (Q4 2025), and 0.55 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn | 0.69 |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | 0.43 |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | 0.27 |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | 0.85 |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | 0.62 |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | 0.41 |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | 0.00 |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | 0.70 |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | 0.29 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.62 |
| Dec 31, 2025 | 0.61 |
| Sep 30, 2025 | 0.55 |
| Jun 30, 2025 | 0.48 |
| Mar 31, 2025 | 0.47 |
| Dec 31, 2024 | 0.47 |
| Sep 30, 2024 | 0.54 |
| Jun 30, 2024 | 0.61 |
| Mar 31, 2024 | 0.62 |
| Dec 31, 2023 | 0.64 |
| Sep 30, 2023 | 0.65 |
| Jun 30, 2023 | 0.65 |
| Mar 31, 2023 | 0.61 |
| Dec 31, 2022 | 0.54 |
| Sep 30, 2022 | 0.48 |
| Jun 30, 2022 | 0.41 |
| Mar 31, 2022 | 0.36 |
| Dec 31, 2021 | 0.29 |
| Sep 30, 2021 | 0.26 |
| Jun 30, 2021 | 0.24 |
| Mar 31, 2021 | 0.23 |
| Dec 31, 2020 | 0.29 |
| Sep 30, 2020 | 0.36 |
| Jun 30, 2020 | 0.44 |
| Mar 31, 2020 | 0.47 |
| Dec 31, 2019 | 0.46 |
| Sep 30, 2019 | 0.48 |
| Jun 30, 2019 | 0.47 |
| Mar 31, 2019 | 0.46 |
| Dec 31, 2018 | 0.43 |
| Sep 30, 2018 | 0.40 |
| Jun 30, 2018 | 0.37 |
| Mar 31, 2018 | 0.34 |
| Dec 31, 2017 | 0.63 |
| Sep 30, 2017 | 0.55 |
| Jun 30, 2017 | 0.25 |
| Mar 31, 2017 | 0.22 |
| Dec 31, 2016 | 0.22 |
| Sep 30, 2016 | 0.24 |
| Jun 30, 2016 | 0.26 |
| Mar 31, 2016 | 0.30 |
| Dec 31, 2015 | 0.36 |
| Mar 31, 2015 | 0.55 |
| Dec 31, 2014 | 0.58 |
| Sep 30, 2014 | 0.55 |
| Jun 30, 2014 | 0.55 |
| Mar 31, 2014 | 0.54 |
| Dec 31, 2013 | 0.54 |
| Sep 30, 2013 | 0.54 |
| Jun 30, 2013 | 0.55 |
| Mar 31, 2013 | 0.56 |
| Dec 31, 2012 | 0.56 |
| Sep 30, 2012 | 0.56 |
| Jun 30, 2012 | 0.55 |
| Mar 31, 2012 | 0.53 |
| Dec 31, 2011 | 0.52 |
| Sep 30, 2011 | 0.51 |
| Jun 30, 2011 | 0.50 |
| Mar 31, 2011 | 0.49 |
| Dec 31, 2010 | 0.47 |
| Sep 30, 2010 | 0.45 |
| Jun 30, 2010 | 0.32 |
| Mar 31, 2010 | 0.20 |
| Dec 31, 2009 | 0.10 |
| Sep 30, 2009 | 0.00 |