Helmerich & Payne (HP) Inventory Average (2009 - 2026)
Helmerich & Payne (HP) posted quarterly Inventory Average of $327.7 million for Q1 2026, up 45.99% year-over-year from $224.5 million in Q1 2025, and up 0.96% quarter-over-quarter from $324.6 million in Q4 2025.
Helmerich & Payne (HP) Inventory Average (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has reported Inventory Average for 18 consecutive years, with $327.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Inventory Average rose 45.99% year-over-year to $327.7 million; the TTM figure through Mar 2026 stood at $327.7 million (up 45.99% YoY), while the FY2025 annual figure was $221.1 million, up 108.48% from the prior year.
- Inventory Average grew to $327.7 million in Q1 2026 per HP's latest filing, from $324.6 million in the prior quarter.
- Across five years, Inventory Average topped out at $327.7 million in Q1 2026 and bottomed at $84.8 million in Q2 2022.
- Historically, Inventory Average has averaged $160.1 million across 5 years, with a median of $104.3 million in 2024.
- Annual changes were most pronounced in 2022 — Inventory Average decreased 12.76% — and 2025, when it surged 192.83%.
- Helmerich & Payne's Inventory Average stood at $89.4 million in 2022, then grew by 9.47% to $97.8 million in 2023, then rose by 25.31% to $122.6 million in 2024, then jumped by 164.77% to $324.6 million in 2025, then increased by 0.96% to $327.7 million in 2026.
- Business Quant data shows HP's Inventory Average at $327.7 million in Q1 2026, $324.6 million in Q4 2025, and $327.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | - |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 381.00 Mn |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | 145.67 Mn |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 328.17 Mn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | - |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | - |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 89.01 Mn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 39.21 Mn |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | - |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | 8.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 328.17 Mn |
| Mar 31, 2026 | 327.68 Mn |
| Dec 31, 2025 | 324.57 Mn |
| Sep 30, 2025 | 327.16 Mn |
| Jun 30, 2025 | 325.80 Mn |
| Mar 31, 2025 | 224.45 Mn |
| Dec 31, 2024 | 122.59 Mn |
| Sep 30, 2024 | 116.60 Mn |
| Jun 30, 2024 | 111.26 Mn |
| Mar 31, 2024 | 104.31 Mn |
| Dec 31, 2023 | 97.82 Mn |
| Sep 30, 2023 | 97.76 Mn |
| Jun 30, 2023 | 100.35 Mn |
| Mar 31, 2023 | 95.08 Mn |
| Dec 31, 2022 | 89.36 Mn |
| Sep 30, 2022 | 87.02 Mn |
| Jun 30, 2022 | 84.84 Mn |
| Mar 31, 2022 | 85.43 Mn |
| Dec 31, 2021 | 85.66 Mn |
| Sep 30, 2021 | 87.30 Mn |