Helmerich & Payne (HP) Cost of Revenue (2009 - 2026)
Helmerich & Payne (HP) reported Cost of Revenue of $24.8 million for Q1 2026, up 611.59% year-over-year from $3.5 million in Q1 2025, and down 20.67% quarter-over-quarter from $31.3 million in Q4 2025.
Helmerich & Payne (HP) Cost of Revenue (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has 18 years of Cost of Revenue data on file, last reported at $24.8 million in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $24.8 million, up 611.59% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.0 billion (down 161.49% YoY), and the FY2025 annual result was $56.0 million, down 96.55% from the prior year.
- Cost of Revenue eased to $24.8 million in Q1 2026 per HP's latest filing, from $31.3 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $1.6 billion in Q3 2024 and troughed at -$1.8 billion in Q3 2025.
- A 5-year average of $127.1 million and a median of $3.5 million in 2025 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue surged 139673.62% in 2024, then tumbled 208.6% in 2025.
- A 5-year view of Cost of Revenue shows it stood at $1.1 million in 2022, then increased by 0.98% to $1.1 million in 2023, then rose by 1.67% to $1.2 million in 2024, then soared by 2604.15% to $31.3 million in 2025, then retreated by 20.67% to $24.8 million in 2026.
- Business Quant data shows HP's Cost of Revenue at $24.8 million in Q1 2026, $31.3 million in Q4 2025, and -$1.8 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | 262.78 Mn |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn | 30.11 Mn |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn | 606.00 Mn |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn | 581.49 Mn |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | 24.80 Mn |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | 181.00 Mn |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | 68.03 Mn |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | 493.47 Mn |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | - |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | 373.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.80 Mn |
| Mar 31, 2026 | 24.80 Mn |
| Dec 31, 2025 | 31.26 Mn |
| Dec 31, 2025 | 31.26 Mn |
| Sep 30, 2025 | -1.76 Bn |
| Sep 30, 2025 | -1.76 Bn |
| Jun 30, 2025 | 704.22 Mn |
| Jun 30, 2025 | 704.22 Mn |
| Mar 31, 2025 | 3.49 Mn |
| Mar 31, 2025 | 3.49 Mn |
| Dec 31, 2024 | 1.16 Mn |
| Dec 31, 2024 | 1.16 Mn |
| Sep 30, 2024 | 1.62 Bn |
| Sep 30, 2024 | 1.62 Bn |
| Jun 30, 2024 | 1.14 Mn |
| Jun 30, 2024 | 1.14 Mn |
| Mar 31, 2024 | 401.30 Mn |
| Mar 31, 2024 | 401.30 Mn |
| Dec 31, 2023 | 1.14 Mn |
| Dec 31, 2023 | 1.14 Mn |