Helmerich & Payne, Inc. (HP) vs Sable Offshore Corp. (SOC)

Helmerich & Payne, Inc. and Sable Offshore Corp. are both Oil & Gas Drilling companies. Helmerich & Payne, Inc. is the larger, with a market value of $4.0B against $761.7M — 5.2× the size. Sable Offshore Corp. has the higher net margin (0.00% vs −3.43%) and the lower return on invested capital (−18.9% vs 1.32%). Across the 13 metrics below, Helmerich & Payne, Inc. leads on 10 and Sable Offshore Corp. on 3.

Valuation

Metric HP SOC Oil & Gas Drilling median
P/E n/m n/m —
P/S 0.97 n/m 1.37
P/B 1.45 1.51 1.35
Price to free cash flow 7.91 n/m 15.47
EV/EBITDA 6.61 n/m 8.26
EV/Sales 1.37 n/m 2.31
Earnings yield (3.64%) (84.79%) (2.10%)
Free cash flow yield 12.65% (93.84%) 3.40%

Profitability

Metric HP SOC Oil & Gas Drilling median
Gross margin 28.82% — 39.29%
Operating margin 2.25% 0.00% 7.77%
Net margin (3.43%) 0.00% 0.00%
Free cash flow margin 12.25% 0.00% 4.46%
Return on equity (4.95%) (103.21%) (2.78%)
Return on assets (2.08%) (24.55%) (1.64%)
Return on invested capital 1.32% (18.87%) 2.29%

Growth

Metric HP SOC Oil & Gas Drilling median
Revenue growth (TTM) 16.57% — 4.14%
EPS growth (last fiscal year) (148.40%) 55.47% —
Revenue growth, 5-year CAGR 16.13% — 13.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HP SOC Oil & Gas Drilling median
Debt to equity 0.70 2.45 0.61
Current ratio 1.96 0.24 1.89
Net debt to EBITDA 2.87 (2.10) 0.90

Dividend

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

Size

Metric HP SOC Oil & Gas Drilling median
Market cap 3.98b 761.72m 3.98b

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