Helmerich & Payne (HP) Gross Margin (2009 - 2026)
Helmerich & Payne (HP) reported Gross Margin of 97.34% for Q1 2026, down 232.0% year-over-year from 73.74% in Q1 2025, and up 0.54% on a QoQ basis from 96.81% in Q4 2025.
Helmerich & Payne (HP) has 18 years of Gross Margin data on file, last reported at 97.34% in Q1 2026.
- Quarterly Gross Margin fell 232.0% year-over-year to 97.34% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 125.25% (up 7810.0% YoY) and the FY2025 annual result came in at 98.5%, up 5744.0% from the prior year.
- Gross Margin rose to 97.34% in Q1 2026 per HP's latest filing, from 96.81% in the prior quarter.
- Across five years, Gross Margin topped out at 274.03% in Q3 2025 and bottomed at 133.7% in Q3 2024.
- The 5-year median for Gross Margin is 99.66% (2025), against an average of 76.55%.
- The widest annual swing landed in 2024, when Gross Margin sank 23352 bps; it then soared 40773 bps in 2025.
- Tracing HP's Gross Margin over 5 years: stood at 99.84% in 2022, then dropped by 0 bps to 99.83% in 2023, then retreated by 0 bps to 99.83% in 2024, then fell by 3 bps to 96.81% in 2025, then grew by 1 bps to 97.34% in 2026.
- Per Business Quant, the three latest HP Gross Margin figures stand at 97.34% (Q1 2026), 96.81% (Q4 2025), and 274.03% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn | 31.50% |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | 96.17% |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | 43.94% |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | 47.96% |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | 97.34% |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | 49.44% |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | -5,252.71% |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | 37.02% |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 97.34% |
| Dec 31, 2025 | 96.81% |
| Sep 30, 2025 | 274.03% |
| Jun 30, 2025 | 32.15% |
| Mar 31, 2025 | 99.66% |
| Dec 31, 2024 | 99.83% |
| Sep 30, 2024 | -133.70% |
| Jun 30, 2024 | 99.84% |
| Mar 31, 2024 | 41.67% |
| Dec 31, 2023 | 99.83% |
| Sep 30, 2023 | 99.82% |
| Jun 30, 2023 | 99.86% |
| Mar 31, 2023 | 99.85% |
| Dec 31, 2022 | 99.84% |
| Sep 30, 2022 | 35.60% |
| Jun 30, 2022 | 31.63% |
| Mar 31, 2022 | 27.34% |
| Dec 31, 2021 | 26.47% |
| Sep 30, 2021 | 22.01% |
| Jun 30, 2021 | 99.55% |
| Mar 31, 2021 | 21.67% |
| Dec 31, 2020 | 99.45% |
| Sep 30, 2020 | 588.07% |
| Jun 30, 2020 | 34.73% |
| Mar 31, 2020 | 33.72% |
| Dec 31, 2019 | 35.03% |
| Sep 30, 2019 | -177.16% |
| Jun 30, 2019 | 99.79% |
| Mar 31, 2019 | 38.72% |
| Dec 31, 2018 | 34.16% |
| Sep 30, 2018 | -135.90% |
| Jun 30, 2018 | 99.78% |
| Mar 31, 2018 | 99.80% |
| Dec 31, 2017 | 99.79% |
| Sep 30, 2017 | 31.85% |
| Jun 30, 2017 | 32.31% |
| Mar 31, 2017 | 26.76% |
| Dec 31, 2016 | 32.80% |
| Sep 30, 2016 | 304.50% |
| Jun 30, 2016 | 49.21% |
| Mar 31, 2016 | 49.43% |
| Dec 31, 2015 | 43.29% |
| Sep 30, 2015 | 41.08% |
| Jun 30, 2015 | 46.99% |
| Mar 31, 2015 | 47.26% |
| Dec 31, 2014 | 47.26% |
| Sep 30, 2014 | 45.46% |
| Jun 30, 2014 | 45.88% |
| Mar 31, 2014 | 46.26% |
| Dec 31, 2013 | 46.69% |
| Sep 30, 2013 | 45.27% |
| Jun 30, 2013 | 46.32% |
| Mar 31, 2013 | 44.92% |
| Dec 31, 2012 | 44.72% |
| Sep 30, 2012 | 46.07% |
| Jun 30, 2012 | 43.41% |
| Mar 31, 2012 | 41.79% |
| Dec 31, 2011 | 46.62% |
| Sep 30, 2011 | 43.36% |
| Jun 30, 2011 | 43.24% |
| Mar 31, 2011 | 43.74% |
| Dec 31, 2010 | 44.50% |
| Sep 30, 2010 | 41.10% |
| Jun 30, 2010 | 40.92% |
| Mar 31, 2010 | 43.08% |
| Dec 31, 2009 | 47.33% |
| Sep 30, 2009 | -6,831.37% |
| Jun 30, 2009 | -8,035.36% |
| Mar 31, 2009 | -9,926.43% |