What is Helmerich & Payne's research and development expense?

Helmerich & Payne (HP) reported research and development expense of $7.02M in Q1 2026.

How has Helmerich & Payne's research and development expense changed year-over-year?

Helmerich & Payne's research and development expense decreased by 25.5% year-over-year, from $9.42M to $7.02M.

What is the long-term trend for Helmerich & Payne's research and development expense?

Over 4 years (2021 to 2025), Helmerich & Payne's research and development expense has grown at a 12.0% compound annual growth rate (CAGR), from $21.72M to $34.12M.

Helmerich & Payne HP Research and development expense

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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$3.56B+41.1%

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×

Current ratio1.7×0.0×

Where this comes from

Reported directly by Helmerich & Payne in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost.

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 research and development expense?: Helmerich & Payne (HP) reported research and development expense of $7.02M in Q1 2026.
How has Helmerich & Payne's research and development expense changed year-over-year?: Helmerich & Payne's research and development expense decreased by 25.5% year-over-year, from $9.42M to $7.02M.
What is the long-term trend for Helmerich & Payne's research and development expense?: Over 4 years (2021 to 2025), Helmerich & Payne's research and development expense has grown at a 12.0% compound annual growth rate (CAGR), from $21.72M to $34.12M.