Helmerich & Payne (NYSE: HP) financial statements
The consolidated income statement, balance sheet and cash flow statement of Helmerich & Payne for its last 10 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $6,706m in total assets and $2,829m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3,746m | $2,757m | $2,872m | $2,059m | $1,219m | $1,774m | $2,798m | $2,487m | $1,805m | $1,624m |
| Cost of sales | $2,511m | $1,625m | $1,709m | $1,427m | $952.6m | $1,185m | $1,803m | $1,648m | $1,245m | — |
| Gross profit | $1,235m | $1,132m | $1,164m | $632.4m | $266.0m | $589.1m | $995.3m | $839.7m | $560.0m | — |
| Operating profit | $3.3m | $457.4m | $568.3m | $45.3m | −$428.5m | −$620.2m | $20.6m | $33.0m | −$169.1m | −$26.0m |
| Finance costs | $107.8m | $29.1m | $17.3m | $19.2m | $24.0m | $24.5m | $25.2m | $24.3m | $19.7m | $22.9m |
| Profit before tax | −$74.1m | $481.0m | $593.4m | $31.3m | −$429.9m | −$636.5m | −$51.2m | $15.8m | −$184.6m | −$72.7m |
| Income tax | $85.8m | $136.9m | $159.3m | $24.4m | $103.7m | $140.1m | $18.7m | $477.2m | $56.7m | $19.7m |
| Net profit | −$163.7m | $344.2m | $434.1m | $7.0m | −$326.2m | −$494.5m | −$33.7m | $482.7m | −$128.2m | −$56.8m |
| Earnings per share | −$1.66 | $3.43 | $4.18 | $0.05 | −$3.04 | −$4.60 | −$0.34 | $4.39 | −$1.20 | −$0.54 |
| Diluted earnings per share | −$1.66 | $3.43 | $4.16 | $0.05 | −$3.04 | −$4.60 | −$0.34 | $4.37 | −$1.20 | −$0.54 |
| Depreciation and amortisation | $625.1m | $397.3m | $382.3m | $403.2m | $419.7m | $481.9m | $562.8m | $583.8m | $585.5m | $598.6m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $6,706m | $5,782m | $4,382m | $4,356m | $5,034m | $4,830m | $5,840m | $6,215m | $6,440m | $6,832m |
| Current assets | $1,465m | $1,192m | $1,007m | $1,003m | $1,587m | $963.3m | $1,115m | $1,116m | $1,235m | $1,573m |
| Inventories | $324.3m | $117.9m | $94.2m | $88.0m | $84.1m | $104.2m | $149.7m | $158.1m | $137.2m | $124.3m |
| Property, plant and equipment | $4,313m | $3,016m | $2,922m | $2,961m | $3,127m | $3,646m | $4,502m | $4,857m | $5,001m | $5,145m |
| Goodwill | $182.9m | $45.7m | $45.7m | $45.7m | $45.7m | $45.7m | $82.8m | $64.8m | $51.7m | $4.7m |
| Cash | $196.8m | $217.3m | $257.2m | $232.1m | $917.5m | $487.9m | $347.9m | $284.4m | $521.4m | $905.6m |
| Current liabilities | $814.8m | $446.9m | $418.9m | $394.8m | $866.3m | $219.1m | $410.2m | $377.2m | $344.4m | $330.1m |
| Equity | $2,829m | $2,917m | $2,772m | $2,765m | $2,913m | $3,319m | $4,012m | $4,383m | $4,165m | $4,561m |
| Equity including minorities | $2,829m | $2,917m | $2,772m | $2,765m | $2,913m | $3,319m | $4,012m | $4,383m | $4,165m | $4,561m |
| Minority interests | $104.5m | $0.0m | $0.0m | $0.0m | — | — | — | — | — | — |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $543.0m | $684.7m | $833.7m | $233.9m | $136.4m | $538.9m | $855.8m | $557.9m | $371.2m | $754.5m |
| Investing cash flow | −$1,925m | −$458.7m | −$322.6m | −$167.3m | −$162.0m | −$87.9m | −$422.6m | −$472.4m | −$445.0m | −$234.2m |
| Financing cash flow | $66.7m | $986.5m | −$463.9m | −$734.3m | $425.5m | −$297.2m | −$376.3m | −$319.8m | −$300.8m | −$344.1m |
| Capital expenditure | −$426.4m | −$495.1m | −$395.5m | −$250.9m | −$82.1m | −$140.8m | −$458.4m | −$466.6m | −$397.6m | −$257.2m |
| Dividends paid | −$100.7m | −$168.5m | −$201.5m | −$107.4m | −$109.1m | −$260.3m | −$313.4m | −$308.4m | −$305.5m | −$300.2m |
Where each figure comes from
From the annual report (Form 10-K) that Helmerich & Payne files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Helmerich & Payne page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.