What is Helmerich & Payne's current ratio?

Helmerich & Payne (HP) reported current ratio of 1.7× in Q1 2026.

How has Helmerich & Payne's current ratio changed year-over-year?

Helmerich & Payne's current ratio increased by 1.4% year-over-year, from 1.7× to 1.7×.

What is the long-term trend for Helmerich & Payne's current ratio?

Over 5 years (2020 to 2025), Helmerich & Payne's current ratio has grown at a -16.4% compound annual growth rate (CAGR), from 4.4× to 1.8×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Helmerich & Payne HP Current ratio

Current ratio at other companies

Patterson-UTI EnergyPTEN

1.8×+0.2×

NOVA, Inc.NOV

2.5×-0.2×

TransoceanRIG

1.5×+0.2×

SM EnergySM

0.4×-0.2×

Liberty EnergyLBRT

2.2×+1.0×

Schlumberger SLB

1.3×+0.1×

Other financials

Income statement

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Revenue$932.4M-8.2%

Gross profit$271.2M-13.7%

Operating income-$36.9M-188%

Net income-$58.6M-3,643%

EPS (diluted)-$0.59-6,000%

Balance sheet

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Cash & equivalents$204.0M-16.7%

Total debt$2.0B-10.6%

Total equity$2.6B-13.8%

Total assets$6.3B-12.5%

Cash flow

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Operating cash flow$36.6M-34.7%

CapEx$62.9M-60.4%

Free cash flow$114.9M+121%

Valuation

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Market cap$3.49B+41.1%

Enterprise value$5.29B+19.0%

P/S0.9×+0.1×

Profitability

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Gross margin31.5%-5.8pp

Operating margin3.3%-13.2pp

Net margin-9.4%-16.5pp

FCF margin4.4%-3.0pp

Returns & leverage

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Return on equity-13.2%-20.7pp

Debt / equity0.8×0.0×

Where this comes from

Calculated from Helmerich & Payne’s reported figures.

total current assets/total current liabilities=1.7×

Based on the most recent quarter.

The official record: Helmerich & Payne’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Helmerich & Payne's current ratio?: Helmerich & Payne (HP) reported current ratio of 1.7× in Q1 2026.
How has Helmerich & Payne's current ratio changed year-over-year?: Helmerich & Payne's current ratio increased by 1.4% year-over-year, from 1.7× to 1.7×.
What is the long-term trend for Helmerich & Payne's current ratio?: Over 5 years (2020 to 2025), Helmerich & Payne's current ratio has grown at a -16.4% compound annual growth rate (CAGR), from 4.4× to 1.8×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.