Helmerich & Payne vs Patterson-UTI Energy
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KIRA’s take AI analyst
I put Helmerich & Payne and Patterson-UTI Energy side by side, using each one’s latest annual report. Here is what stands out:
- Patterson-UTI Energy is the larger business, with $4.8B of revenue in fiscal 2025 against $3.7B for Helmerich & Payne.
- Helmerich & Payne grew revenue faster (35.9%, against −10.3%).
- Helmerich & Payne kept more of each dollar of sales as operating profit (0.1% operating margin, against −0.9%).
- Patterson-UTI Energy turned more of its sales into free cash flow (7.7% FCF margin, against 3.1%).
- Helmerich & Payne earned a higher return on the capital invested in it (0.1%, against −0.8%).
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
Helmerich & Payne
HP
3/9
Revenue growthOperating marginReturn on capital
Patterson-UTI Energy
PTEN
6/9
5-year growthNet marginFCF marginReturn on equityPiotroski F-scoreShare count change
Side by side
Best in the row
| Latest fiscal year | HP FY25 | PTEN FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.9B | $4.6B |
| Revenue | $3.7B | $4.8B |
| Free cash flow | $117M | $372M |
| Net income | −$164M | −$93.6M |
| Growth | ||
| Revenue growth | 35.9% | −10.3% |
| 5-year growth | 16.1% | 33.8% |
| Share count change | 0.2% | −3.5% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 0.1% | −0.9% |
| Net margin | −4.4% | −1.9% |
| FCF margin | 3.1% | 7.7% |
| Return on capital | 0.1% | −0.8% |
| Return on equity | −5.7% | −2.8% |
| Balance sheet | ||
| Net debt | $1.8B | $822M |
| Net debt / EBITDA | 2.9x | — |
| Dividends and buybacks | $101M | $192M |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 4 | 6 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.

