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Helmerich & Payne vs Noble: revenue, profit, margins and growth compared

Helmerich & Payne brought in $3.7B of revenue in fiscal 2025, Noble $3.3B in fiscal 2025. Revenue changed by +35.9% at Helmerich & Payne and +7.4% at Noble on the year before, so Helmerich & Payne grew faster. Helmerich & Payne kept -4.4% of its revenue as net profit, Noble 6.6%. Free cash flow was $116.6M at Helmerich & Payne and $432.2M at Noble.

Side by side, latest fiscal year

HPNE
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$3.7B$3.3B
Revenue growth+35.9%+7.4%
Net income-$163.7M$216.7M
Net margin-4.4%6.6%
Free cash flow$116.6M$432.2M
Free cash flow margin3.1%13.2%
Earnings per share (diluted)-$1.66$1.35
Cash$196.8M$471.4M
Debt$2.1B$2B
Price to earningsn/a31.7
Market value$3.9B$6.8B
Dividend yield0.65%4.67%
Rank by revenue in sector#38 of 129 · Energy#44 of 129 · Energy

Over the years

Revenue
HP FY2018: $2.5BHP FY2019: $2.8BHP FY2020: $1.8BHP FY2021: $1.2BHP FY2022: $2.1BHP FY2023: $2.9BHP FY2024: $2.8BHP FY2025: $3.7BNE FY2020: $964.3MNE FY2022: $1.4BNE FY2023: $2.6BNE FY2024: $3.1BNE FY2025: $3.3BFY18FY19FY20FY21FY22FY23FY24FY25
HP $3.7BNE $3.3B
Net income
HP FY2018: $482.7MHP FY2019: -$33.7MHP FY2020: -$494.5MHP FY2021: -$326.2MHP FY2022: $7MHP FY2023: $434.1MHP FY2024: $344.2MHP FY2025: -$163.7MNE FY2020: -$4BNE FY2022: $168.9MNE FY2023: $481.9MNE FY2024: $448.4MNE FY2025: $216.7MFY18FY19FY20FY21FY22FY23FY24FY25
HP -$163.7MNE $216.7M
Net margin
HP FY2018: 19.4%HP FY2019: -1.2%HP FY2020: -27.9%HP FY2021: -26.8%HP FY2022: 0.3%HP FY2023: 15.1%HP FY2024: 12.5%HP FY2025: -4.4%NE FY2020: -412.6%NE FY2022: 11.9%NE FY2023: 18.6%NE FY2024: 14.7%NE FY2025: 6.6%FY18FY19FY20FY21FY22FY23FY24FY25
HP -4.4%NE 6.6%
Revenue growth
HP FY2019: +12.5%HP FY2020: -36.6%HP FY2021: -31.3%HP FY2022: +69.0%HP FY2023: +39.5%HP FY2024: -4.0%HP FY2025: +35.9%NE FY2023: +83.1%NE FY2024: +18.1%NE FY2025: +7.4%FY19FY20FY21FY22FY23FY24FY25
HP +35.9%NE +7.4%
Free cash flow
HP FY2018: $91.3MHP FY2019: $397.3MHP FY2020: $398.1MHP FY2021: $54.3MHP FY2022: -$17MHP FY2023: $438.2MHP FY2024: $189.6MHP FY2025: $116.6MNE FY2020: $124.3MNE FY2022: $106.7MNE FY2023: $164.8MNE FY2024: $80.2MNE FY2025: $432.2MFY18FY19FY20FY21FY22FY23FY24FY25
HP $116.6MNE $432.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Helmerich & Payne and Noble

Which is bigger by revenue, Helmerich & Payne or Noble?

Helmerich & Payne is bigger by revenue: $3.7B in fiscal 2025, against $3.3B for Noble in fiscal 2025.

Which keeps more of its revenue as profit, Helmerich & Payne or Noble?

Helmerich & Payne had a net margin of -4.4% in fiscal 2025; Noble had 6.6% in fiscal 2025.

Which grew revenue faster, Helmerich & Payne or Noble?

In their latest fiscal years revenue changed by +35.9% at Helmerich & Payne and +7.4% at Noble.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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