Helmerich & Payne, Inc. HP

Competitive advantage analysis · energy

Corporate Default
Overall moat score
37/100
Developing

Ranked against 101 peers in Energy: Upstream (E&P/Drilling)

About Helmerich & Payne, Inc.

Helmerich & Payne, Inc., together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. The company operates through North America Solutions, Offshore Solutions, and International Solutions segments. The North America Solutions segment conducts operations primarily in Texas. The Offshore Solutions segment has drilling operations in Louisiana and in U.S. federal waters the North … Full HP analysis →

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.81), suggesting sticky customer base.
  • Operating Leverage in Effect Operating leverage is evident (score 0.94), with margins expanding over time.

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 11.2th percentile with high volatility suggests weak pricing power or commoditized products.
  • ROIC Below WACC or Peers ROIC at 25.3th percentile suggests inefficient capital deployment.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
19
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where HP ranks in Energy: Upstream (E&P/Drilling)

Helmerich & Payne, Inc. ranks #69 of 102 scored companies in Energy: Upstream (E&P/Drilling) by moat score — the top 68%. The widest moat in the group is Texas Pacific Land Corporation (TPL) at 84/100.

# Company Moat score Rating
65 Greenfire Resources Ltd. GFR 41/100 Developing
66 Diamondback Energy, Inc. FANG 40/100 Developing
67 Granite Ridge Resources, Inc. GRNT 40/100 Developing
68 Chord Energy Corporation CHRD 39/100 Developing
69 Helmerich & Payne, Inc. HP 37/100 Developing
70 Seadrill Limited SDRL 37/100 Developing
71 Patterson-UTI Energy, Inc. PTEN 36/100 Developing
72 Transocean Ltd (Switzerland) RIG 36/100 Developing
73 Tamboran Resources Corporation TBN 34/100 Developing

See every Commodities & Mining company ranked by moat score →

How HP scores on the Corporate Default defenses

Pricing Power

Score 19 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 41 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 48 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 31 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 41 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 48 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding HP's moat

What is Helmerich & Payne, Inc.'s moat score?

Helmerich & Payne, Inc. (HP) scores 37 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #69 of 102 scored companies in Energy: Upstream (E&P/Drilling), the top 68%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 101 companies in Energy: Upstream (E&P/Drilling). Its strongest defense is Scale & Market Position (48/100) and its weakest is Pricing Power (19/100).

How does Helmerich & Payne, Inc. compare with other Energy: Upstream (E&P/Drilling) companies?

Helmerich & Payne, Inc. ranks #69 of 102 scored companies in Energy: Upstream (E&P/Drilling) by moat score. The widest moat in Energy: Upstream (E&P/Drilling) is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are Chord Energy Corporation (CHRD) at 39 just above it and Seadrill Limited (SDRL) at 36 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 101 companies in Energy: Upstream (E&P/Drilling). The defenses are then weighted to produce the overall score out of 100.

Why is Helmerich & Payne, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Helmerich & Payne, Inc.?

The Corporate Default template measures 6 defenses, and HP scores: Pricing Power (19), Cost Advantage (41), Customer Stickiness (48), Capital Efficiency (31), Resilience (41), Scale & Market Position (48). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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