Helmerich & Payne (HP) Research & Development (2009 - 2026)
Helmerich & Payne (HP) reported Research & Development of $7.0 million for Q1 2026, down 25.53% year-over-year from $9.4 million in Q1 2025, and up 5.57% on a QoQ basis from $6.6 million in Q4 2025.
Helmerich & Payne (HP) has 18 years of Research & Development data on file, last reported at $7.0 million in Q1 2026.
- Quarterly Research & Development fell 25.53% year-over-year to $7.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $29.0 million (down 24.04% YoY) and the FY2025 annual result came in at $34.1 million, down 16.68% from the prior year.
- Research & Development grew to $7.0 million in Q1 2026 per HP's latest filing, from $6.6 million in the prior quarter.
- Across five years, Research & Development topped out at $12.9 million in Q1 2024 and bottomed at $6.4 million in Q1 2022.
- The 5-year median for Research & Development is $7.6 million (2025), against an average of $8.2 million.
- The widest annual swing landed in 2024, when Research & Development surged 48.98%; it then slipped 28.99% in 2025.
- Tracing HP's Research & Development over 5 years: stood at $6.9 million in 2022, then rose by 24.16% to $8.6 million in 2023, then grew by 8.72% to $9.4 million in 2024, then retreated by 28.99% to $6.6 million in 2025, then advanced by 5.57% to $7.0 million in 2026.
- Per Business Quant, the three latest HP Research & Development figures stand at $7.0 million (Q1 2026), $6.6 million (Q4 2025), and $7.6 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn | - |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | - |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | - |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | - |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | 7.02 Mn |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | - |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | - |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | 13.51 Mn |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.02 Mn |
| Dec 31, 2025 | 6.65 Mn |
| Sep 30, 2025 | 7.57 Mn |
| Jun 30, 2025 | 7.78 Mn |
| Mar 31, 2025 | 9.42 Mn |
| Dec 31, 2024 | 9.36 Mn |
| Sep 30, 2024 | 8.85 Mn |
| Jun 30, 2024 | 10.56 Mn |
| Mar 31, 2024 | 12.91 Mn |
| Dec 31, 2023 | 8.61 Mn |
| Sep 30, 2023 | 7.38 Mn |
| Jun 30, 2023 | 7.09 Mn |
| Mar 31, 2023 | 8.70 Mn |
| Dec 31, 2022 | 6.93 Mn |
| Sep 30, 2022 | 7.14 Mn |
| Jun 30, 2022 | 6.51 Mn |
| Mar 31, 2022 | 6.39 Mn |
| Dec 31, 2021 | 6.53 Mn |
| Sep 30, 2021 | 5.20 Mn |
| Jun 30, 2021 | 5.61 Mn |
| Mar 31, 2021 | 5.33 Mn |
| Dec 31, 2020 | 5.58 Mn |
| Sep 30, 2020 | 4.92 Mn |
| Jun 30, 2020 | 3.64 Mn |
| Mar 31, 2020 | 6.21 Mn |
| Dec 31, 2019 | 6.88 Mn |
| Sep 30, 2019 | 6.12 Mn |
| Jun 30, 2019 | 7.07 Mn |
| Mar 31, 2019 | 7.26 Mn |
| Dec 31, 2018 | 7.02 Mn |
| Sep 30, 2018 | 5.02 Mn |
| Jun 30, 2018 | 5.48 Mn |
| Mar 31, 2018 | 4.44 Mn |
| Dec 31, 2017 | 3.23 Mn |
| Sep 30, 2017 | 3.46 Mn |
| Jun 30, 2017 | 3.06 Mn |
| Mar 31, 2017 | 2.72 Mn |
| Dec 31, 2016 | 2.81 Mn |
| Sep 30, 2016 | 2.33 Mn |
| Jun 30, 2016 | 2.71 Mn |
| Mar 31, 2016 | 2.32 Mn |
| Dec 31, 2015 | 2.92 Mn |
| Sep 30, 2015 | 3.76 Mn |
| Jun 30, 2015 | 3.33 Mn |
| Mar 31, 2015 | 4.86 Mn |
| Dec 31, 2014 | 4.16 Mn |
| Sep 30, 2014 | 4.16 Mn |
| Jun 30, 2014 | 3.86 Mn |
| Mar 31, 2014 | 3.63 Mn |
| Dec 31, 2013 | 4.26 Mn |
| Sep 30, 2013 | 3.81 Mn |
| Jun 30, 2013 | 4.37 Mn |
| Mar 31, 2013 | 3.70 Mn |
| Dec 31, 2012 | 3.35 Mn |
| Sep 30, 2012 | 4.68 Mn |
| Jun 30, 2012 | 4.30 Mn |
| Mar 31, 2012 | 3.83 Mn |
| Dec 31, 2011 | 3.25 Mn |
| Sep 30, 2011 | 4.26 Mn |
| Jun 30, 2011 | 4.40 Mn |
| Mar 31, 2011 | 3.64 Mn |
| Dec 31, 2010 | 3.47 Mn |
| Sep 30, 2010 | 3.85 Mn |
| Jun 30, 2010 | 3.25 Mn |
| Mar 31, 2010 | 3.34 Mn |
| Dec 31, 2009 | 1.82 Mn |
| Sep 30, 2009 | 3.04 Mn |
| Jun 30, 2009 | 2.78 Mn |
| Mar 31, 2009 | 2.18 Mn |