Helmerich & Payne (HP) Research & Development (2009 - 2026)
Helmerich & Payne (HP) posted quarterly 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% quarter-over-quarter from $6.6 million in Q4 2025.
Helmerich & Payne (HP) Research & Development (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has reported Research & Development for 18 consecutive years, with $7.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 25.53% year-over-year to $7.0 million; the TTM figure through Mar 2026 stood at $29.0 million (down 24.04% YoY), while the FY2025 annual figure was $34.1 million, down 16.68% from the prior year.
- Research & Development climbed 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.
- Historically, Research & Development has averaged $8.2 million across 5 years, with a median of $7.6 million in 2025.
- Annual changes were most pronounced in 2024 — Research & Development jumped 48.98% — and 2025, when it declined 28.99%.
- Helmerich & Payne's Research & Development stood at $6.9 million in 2022, then climbed by 24.16% to $8.6 million in 2023, then gained by 8.72% to $9.4 million in 2024, then dropped by 28.99% to $6.6 million in 2025, then increased by 5.57% to $7.0 million in 2026.
- Business Quant data shows HP's Research & Development at $7.0 million in Q1 2026, $6.6 million in Q4 2025, and $7.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | - |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | - |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | - |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 5.91 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 | 14.21 Mn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | - |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | - |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.91 Mn |
| 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 |