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 $3.8B against $637.0M — 5.9× 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 9 and Sable Offshore Corp. on 4.

Valuation

Metric HP SOC Oil & Gas Drilling median
P/E n/m n/m —
P/S 0.94 n/m 1.45
P/B 1.40 1.29 1.40
Price to free cash flow 7.64 n/m 16.15
EV/EBITDA 6.45 n/m 8.53
EV/Sales 1.34 n/m 2.37
Earnings yield (3.77%) (99.10%) (2.00%)
Free cash flow yield 13.09% (109.66%) 3.55%

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% (46.88%)
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 2.67% — —
Payout ratio — — —

Size

Metric HP SOC Oil & Gas Drilling median
Market cap 3.77b 637.01m 3.77b

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