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
DateValue
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