Helmerich & Payne price to free cash flow HP

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 12.3×
10-year median: 16.1×
Against its 10-year history: 33rd; percentile: 0 is its lowest day, 100 its highest
10-year range: 3.2× to 173×
Peer median: 9.4×

Helmerich & Payne's price to free cash flow is 12.3× as of Oct 23, 2026.

That is below its ten-year median of 16.1×, lower than on 67% of days in the last ten years.

Over that time it ranged from 3.2× in Mar 2020 to 173× in Nov 2017.

The median for 10 energy stocks of a similar size is 9.4×.

Price to free cash flow over time

median 16.1×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	12.3×	11.8×	28.6×
2025	23.5×	8.9×	75.7×
2024	16.0×	7.6×	18.8×
2023	8.2×	8.2×	39.8×
2022	120×	53.7×	128×
2021	47.1×	6.6×	49.5×
2020	6.3×	3.2×	12.7×
2019	12.1×	10.6×	75.7×
2018	66.6×	64.6×	132×
2017	166×	15.8×	173×
2016	16.9×	11.2×	19.2×
2015	20.2×	18.8×	363×
2014	43.9×	35.8×	51.9×
2013	47.8×	32.4×	159×
2012	81.7×	22.1×	81.7×
2011	22.1×	19.2×	47.2×
2010	38.7×	24.4×	39.0×

Against its peers

Companies in Energy nearest Helmerich & Payne's size, closest first, today.

Company	Price to free cash flow
HPHelmerich & Payne	12.3×
OIIOceaneering International	13.6×
PARRPAR Pacific	9.4×
HESMHess Midstream	4.7×
VVVValvoline	29.8×
CRKComstock Resources	n/m
KGSKodiak Gas Services	n/m
SEISolaris Energy Infrastructure	n/m
ARLPAlliance Resource Partners	9.4×
HCCWarrior MET Coal	292×
DKDelek US	6.7×
Peer median	9.4×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Helmerich & Payne

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.