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| 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 |