Helmerich & Payne (HP) Asset Utilization Ratio (2009 - 2026)
Helmerich & Payne's (HP) Asset Utilization Ratio was 0.63 for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 30.2% from 0.49 a year earlier and up 1.2% from the prior quarter.
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Analysis
Helmerich & Payne (HP) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Asset Utilization Ratio at Helmerich & Payne was 0.60, up 10.6% from FY2024.
- By fiscal year, Asset Utilization Ratio came in at 0.54 in FY2024 (-17.5%), 0.66 in FY2023 (+49.9%), 0.44 in FY2022 (+77.5%) and 0.25 in FY2021 (-25.7%).
- The fiscal Q3 2026 figure ranks as the highest quarterly Asset Utilization Ratio since fiscal Q1 2024.
- Year over year, Asset Utilization Ratio has now increased in each of the last four quarters, with growth averaging 0.9% over the last eight quarters.
- The high point for year-over-year Asset Utilization Ratio in five years was fiscal Q4 2022 (growth of 85.5%); the low point was fiscal Q4 2021 (a decline of 29.4%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 0.63 (Q2 2026), 0.62 (Q1 2026) and 0.55 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 76.39 Bn | 73.50 Bn | 1.40 Bn | 0.66 |
| 2 | Baker Hughes | 56.70 Bn | 19.98 Bn | 1.58 Bn | 0.54 |
| 3 | TechnipFMC | 27.74 Bn | 23.88 Bn | 684.70 Mn | 1.02 |
| 4 | Halliburton | 27.03 Bn | 18.79 Bn | 804.00 Mn | 0.88 |
| 5 | Nov | 6.97 Bn | 1.76 Bn | 521.00 Mn | 0.77 |
| 6 | Noble | 6.81 Bn | 4.74 Bn | 239.27 Mn | 0.42 |
| 7 | Weatherford International | 5.95 Bn | 1.88 Bn | 333.00 Mn | 0.94 |
| 8 | Transocean | 5.90 Bn | 3.61 Bn | 358.00 Mn | 0.27 |
| 9 | Valaris | 5.52 Bn | 3.13 Bn | 123.70 Mn | 0.40 |
| 10 | Helmerich & Payne | 3.75 Bn | 2.92 Bn | 349.94 Mn | 0.63 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.63 |
| Mar 31, 2026 | 0.63 |
| Dec 31, 2025 | 0.62 |
| Sep 30, 2025 | 0.55 |
| Jun 30, 2025 | 0.49 |
| Mar 31, 2025 | 0.47 |
| Dec 31, 2024 | 0.48 |
| Sep 30, 2024 | 0.54 |
| Jun 30, 2024 | 0.61 |
| Mar 31, 2024 | 0.62 |
| Dec 31, 2023 | 0.64 |
| Sep 30, 2023 | 0.66 |
| Jun 30, 2023 | 0.65 |
| Mar 31, 2023 | 0.61 |
| Dec 31, 2022 | 0.54 |
| Sep 30, 2022 | 0.47 |
| Jun 30, 2022 | 0.41 |
| Mar 31, 2022 | 0.36 |
| Dec 31, 2021 | 0.29 |
| Sep 30, 2021 | 0.26 |
API Access
Helmerich & Payne Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=HP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "HP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=HP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();