Helmerich & Payne (HP) Asset Utilization Ratio (2009 - 2026)
Helmerich & Payne (HP) posted quarterly Asset Utilization Ratio of 0.62 for Q1 2026, up 30.82% year-over-year from 0.47 in Q1 2025, and little changed quarter-over-quarter from 0.61 in Q4 2025.
Helmerich & Payne (HP) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has reported Asset Utilization Ratio for 18 consecutive years, with 0.62 the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Utilization Ratio rose 30.82% year-over-year to 0.62; the TTM figure through Mar 2026 stood at 0.62 (up 30.82% YoY), while the FY2025 annual figure was 0.6, up 11.03% from the prior year.
- Asset Utilization Ratio steadied at 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 0.66 in Q3 2023 and bottomed at 0.36 in Q1 2022.
- Historically, Asset Utilization Ratio has averaged 0.55 across 5 years, with a median of 0.55 in 2025.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio soared 84.27% — and 2024, when it slipped 26.29%.
- Helmerich & Payne's Asset Utilization Ratio stood at 0.54 in 2022, then climbed by 19.35% to 0.64 in 2023, then decreased by 26.29% to 0.47 in 2024, then gained by 29.95% to 0.61 in 2025, then gained by 0.1% 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 0.42 |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 0.27 |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | 0.87 |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 0.63 |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 0.38 |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 0.27 |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 0.73 |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 0.70 |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 0.40 |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | 0.08 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.63 |
| 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 | 0.53 |
| 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 |