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% quarter-over-quarter from 96.81% in Q4 2025.
Helmerich & Payne (HP) Gross Margin (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has 18 years of Gross Margin data on file, last reported at 97.34% in Q1 2026.
- Gross Margin for Q1 2026 came in at 97.34%, down 232.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 125.25% (up 7810.0% YoY), and the FY2025 annual result was 98.5%, up 5744.0% from the prior year.
- Gross Margin improved to 97.34% in Q1 2026 per HP's latest filing, from 96.81% in the prior quarter.
- Over five years, Gross Margin peaked at 274.03% in Q3 2025 and troughed at 133.7% in Q3 2024.
- A 5-year average of 76.55% and a median of 99.66% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin tumbled 23352 bps in 2024, then surged 40773 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 99.84% in 2022, then fell by 0 bps to 99.83% in 2023, then slipped by 0 bps to 99.83% in 2024, then decreased by 3 bps to 96.81% in 2025, then rose by 1 bps to 97.34% in 2026.
- Business Quant data shows HP's Gross Margin at 97.34% in Q1 2026, 96.81% in Q4 2025, and 274.03% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | 31.50% |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn | 96.17% |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn | 43.94% |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn | 47.96% |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | 97.34% |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | 49.44% |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | -5,252.71% |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | 37.02% |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | - |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | 19.77% |
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% |