Gross Margin % is calculated as gross profit divided by its revenue. Helmerich & Payne's Gross Profit for the
three
months ended in Mar. 2022 was $24 Mil. Helmerich & Payne's Revenue for the
three
months ended in Mar. 2022 was $468 Mil. Therefore, Helmerich & Payne's Gross Margin % for the quarter that ended in Mar. 2022 was 5.07%.
The historical rank and industry rank for Helmerich & Payne's Gross Margin % or its related term are showing as below:
HP'
s Gross Margin % Range Over the Past 10 Years
Min: -13.04 Med: 12.68 Max: 32.16
Current: -1.56
During the past 13 years, the highestGross Margin % of Helmerich & Payne was 32.16%. The lowest was -13.04%. And the median was 12.68%.
HP's Gross Margin % is ranked worse than 92.5% of 947
companies
in the Oil & Gas industry
Industry Median: 27.50
vs HP: -1.56
Helmerich & Payne had a gross margin of 5.07% for the quarter that ended in Mar. 2022 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Helmerich & Payne was 0.00% per year.
Helmerich & Payne Gross Margin % Historical Data
The historical data trend for Helmerich & Payne's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Helmerich & Payne Annual Data
Trend
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Gross Margin %
-1.67
10.09
15.26
5.72
-13.04
Helmerich & Payne Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Gross Margin %
-14.12
-8.80
-7.94
2.08
5.07
Competitive Comparison
For the Oil & Gas Drilling subindustry, Helmerich & Payne's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Helmerich & Payne Gross Margin % Distribution
For the Oil & Gas industry and Energy sector, Helmerich & Payne's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Helmerich & Payne's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Helmerich & Payne had a gross margin of 5.07% for the quarter that ended in Mar. 2022 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Helmerich & Payne Gross Margin % Related Terms
Thank you for viewing the detailed overview of Helmerich & Payne's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small presence internationally.
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