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% quarter-over-quarter from 0.61 in Q4 2025.

Helmerich & Payne (HP) Asset Utilization Ratio (2009 - 2026) Analysis & Trends

Helmerich & Payne (HP) has 18 years of Asset Utilization Ratio data on file, last reported at 0.62 in Q1 2026.

  • Asset Utilization Ratio for Q1 2026 came in at 0.62, up 31.39% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.62 (up 31.39% YoY), and the FY2025 annual result was 0.6, up 10.6% from the prior year.
  • Asset Utilization Ratio rose to 0.62 in Q1 2026 per HP's latest filing, from 0.61 in the prior quarter.
  • Over five years, Asset Utilization Ratio peaked at 0.65 in Q3 2023 and troughed at 0.36 in Q1 2022.
  • A 5-year average of 0.55 and a median of 0.55 in 2025 frame the typical range for Asset Utilization Ratio.
  • The sharpest annual moves came in 2022 and 2024: Asset Utilization Ratio soared 86.28% in 2022, then fell 25.68% in 2024.
  • A 5-year view of Asset Utilization Ratio shows it stood at 0.54 in 2022, then increased by 18.04% to 0.64 in 2023, then fell by 25.68% to 0.47 in 2024, then increased by 29.34% to 0.61 in 2025, then gained by 0.85% to 0.62 in 2026.
  • Business Quant data shows HP's Asset Utilization Ratio at 0.62 in Q1 2026, 0.61 in Q4 2025, and 0.55 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Precision Drilling 156.90 Bn 156.84 Bn 120.82 Mn 0.69
2 Noble 7.48 Bn 6.81 Bn 755.58 Mn 0.43
3 Transocean 6.71 Bn 6.09 Bn 475.00 Mn 0.27
4 Patterson Uti Energy 4.36 Bn 4.03 Bn 535.85 Mn 0.85
5 Helmerich & Payne 3.92 Bn 3.82 Bn 907.56 Mn 0.62
6 Seadrill 2.75 Bn 2.42 Bn 177.00 Mn 0.41
7 Sable Offshore 1.56 Bn 1.51 Bn -66.76 Mn 0.00
8 Nabors Industries 1.45 Bn 1.33 Bn 290.08 Mn 0.70
9 Borr Drilling 1.40 Bn 1.16 Bn - 0.28
10 Valaris 492.40 Mn -85.40 Mn 92.00 Mn 0.41

Historic Data

Download Data
DateValue
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