Helmerich & Payne (HP) Gross Margin (2009 - 2026)
Helmerich & Payne (HP) posted quarterly Gross Margin of 97.26% for Q1 2026, up 6632.0% year-over-year from 1.44% in Q1 2025, and up 219.86% quarter-over-quarter from 30.41% in Q4 2025.
Helmerich & Payne (HP) Gross Margin (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has reported Gross Margin for 18 consecutive years, with 97.26% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 6632.0% year-over-year to 97.26%; the TTM figure through Mar 2026 stood at 80.72% (down 2239.0% YoY), while the FY2025 annual figure was 98.5%, down 133.0% from the prior year.
- Gross Margin improved to 97.26% in Q1 2026 per HP's latest filing, from 30.41% in the prior quarter.
- Across five years, Gross Margin topped out at 277.54% in Q3 2024 and bottomed at 27.34% in Q1 2022.
- Historically, Gross Margin has averaged 72.46% across 5 years, with a median of 40.54% in 2024.
- Annual changes were most pronounced in 2024 — Gross Margin soared 23850 bps — and 2025, when it plunged 17955 bps.
- Helmerich & Payne's Gross Margin stood at 40.49% in 2022, then decreased by 1 bps to 40.21% in 2023, then surged by 148 bps to 99.83% in 2024, then plunged by 70 bps to 30.41% in 2025, then jumped by 220 bps to 97.26% in 2026.
- Business Quant data shows HP's Gross Margin at 97.26% in Q1 2026, 30.41% in Q4 2025, and 97.99% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 37.99% |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 37.06% |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | 48.64% |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 33.82% |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 52.12% |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | - |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 37.87% |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 27.28% |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 22.94% |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 33.82% |
| Mar 31, 2026 | 97.26% |
| Dec 31, 2025 | 30.41% |
| Sep 30, 2025 | 97.99% |
| Jun 30, 2025 | 97.01% |
| Mar 31, 2025 | 30.94% |
| Dec 31, 2024 | 99.83% |
| Sep 30, 2024 | 277.54% |
| Jun 30, 2024 | 40.54% |
| Mar 31, 2024 | 41.67% |
| Dec 31, 2023 | 40.21% |
| Sep 30, 2023 | 39.05% |
| Jun 30, 2023 | 40.52% |
| Mar 31, 2023 | 99.85% |
| Dec 31, 2022 | 40.49% |
| Sep 30, 2022 | 99.80% |
| Jun 30, 2022 | 31.34% |
| Mar 31, 2022 | 27.34% |
| Dec 31, 2021 | 99.71% |
| Sep 30, 2021 | 23.39% |