Helmerich & Payne, Inc. (HP) vs Patterson-UTI Energy, Inc. (PTEN)

Helmerich & Payne, Inc. and Patterson-UTI Energy, Inc. are both Oil & Gas Drilling companies. Helmerich & Payne, Inc. and Patterson-UTI Energy, Inc. are of similar size ($4.2B and $4.0B). Helmerich & Payne, Inc. grew revenue faster over the last twelve months: 16.6% against −6.92%. Patterson-UTI Energy, Inc. has the higher net margin (−1.92% vs −3.43%) and the lower return on invested capital (−0.75% vs 1.32%). Both pay a dividend; Helmerich & Payne, Inc. yields more (3.73% vs 3.05%). Across the 21 metrics below, Patterson-UTI Energy, Inc. leads on 12 and Helmerich & Payne, Inc. on 9.

Valuation

Metric HP PTEN Oil & Gas Drilling median
P/E n/m n/m —
P/S 0.97 0.89 1.37
P/B 1.45 1.34 1.35
Price to free cash flow 7.91 19.94 15.47
EV/EBITDA 6.61 6.23 8.26
EV/Sales 1.37 1.11 2.31
Earnings yield (3.64%) (2.10%) (2.10%)
Free cash flow yield 12.65% 5.01% 3.40%

Profitability

Metric HP PTEN Oil & Gas Drilling median
Gross margin 28.82% 23.76% 39.29%
Operating margin 2.25% (1.06%) 7.77%
Net margin (3.43%) (1.92%) 0.00%
Free cash flow margin 12.25% 4.46% 4.46%
Return on equity (4.95%) (2.78%) (2.78%)
Return on assets (2.08%) (1.64%) (1.64%)
Return on invested capital 1.32% (0.75%) 2.29%

Growth

Metric HP PTEN Oil & Gas Drilling median
Revenue growth (TTM) 16.57% (6.92%) 4.14%
EPS growth (last fiscal year) (148.40%) 90.16% —
Revenue growth, 5-year CAGR 16.13% 33.83% 13.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HP PTEN Oil & Gas Drilling median
Debt to equity 0.70 0.40 0.61
Current ratio 1.96 1.75 1.89
Net debt to EBITDA 2.87 0.90 0.90

Dividend

Metric HP PTEN Oil & Gas Drilling median
Dividend yield 3.73% 3.05% —
Payout ratio 0.45 0.18 0.00

Size

Metric HP PTEN Oil & Gas Drilling median
Market cap 3.98b 4.21b 3.98b

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