Helmerich & Payne vs Valaris
Helmerich & Payne reported revenue of $3.7 billion in fiscal 2025, 1.6 times Valaris' $2.4 billion in fiscal 2025. Helmerich & Payne's revenue grew 35.9% in its latest year, and Valaris' grew 0.3%. Helmerich & Payne had an operating margin of 0.1%, against 20.1% at Valaris. Free cash flow was $117 million at Helmerich & Payne and $203 million at Valaris. Their fiscal years end in different months (September 30 and December 31), so the periods don't line up exactly.
Side by side
| Helmerich & Payne | Valaris | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 30, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $3.7B | $2.4B |
| Revenue growth | 35.9% | 0.3% |
| Revenue growth a year, last 5 years | 16.1% | 2.9% |
| Gross margin | — | 31.2% |
| Operating margin | 0.1% | 20.1% |
| Net margin | −4.4% | 41.5% |
| Free cash flow | $117M | $203M |
| Free cash flow margin | 3.1% | 8.6% |
| Return on capital | 0.1% | 14.4% |
| Net debt to EBITDA | 2.9x | 0.8x |
| Dividends and buybacks | $101M | $100M |
| Change in diluted share count | 0.2% | −2.7% |
| Last close | $39.81 | $99.18 |
| P/E at the last close | — | 7.5× |
| Insider trades, last 12 months | sold $11.3 million | — |
| Piotroski F-score | 4 of 8 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Helmerich & PayneValaris
Operating margin
Percent of revenue
Helmerich & PayneValaris
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Helmerich & PayneValaris
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Helmerich & Payne and Valaris pages.