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Helmerich & Payne vs Transocean: HP and RIG compared
Helmerich & Payne is the larger company: $1.0B of revenue in its latest quarter (Q3 FY26) against $937M for Transocean (Q3 2026). Helmerich & Payne is growing faster (-0.6% against -9% a year earlier). Helmerich & Payne is more profitable, with an operating margin of 18.2% against 15.3%.
Where the money goes: HP and RIG
Helmerich & Payne (HP) · Q3 FY26
Helmerich & Payne, Q3 FY26: revenue $1.0B (-0.6% year over year), operating margin 18.2%, net earnings $75.7M, operating cash flow $154M. The chart follows the revenue to costs, profit and cash.
Transocean (RIG) · Q3 2026
Transocean, Q3 2026: revenue $937M (-9% year over year), operating margin 15.3%, net earnings $26.0M, operating cash flow $174M. The chart follows the revenue to costs, profit and cash.
| Helmerich & Payne (HP) | Transocean (RIG) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $1.0B | $937M |
| Revenue growth, Y/Y | -0.6% | -9% |
| Operating margin | 18.2% | 15.3% |
| Net earnings | $75.7M | $26.0M |
| Net margin | 7.3% | 2.8% |
| Operating cash flow | $154M | $174M |
| Free cash flow | $83.9M | $131M |
| Market value | $3.5B | $5.9B |
| P/E | — | 21.0× |
| Analysts’ mean target | $45.44 | $6.56 |
Where the revenue comes from
Transocean
- Ultra-deepwater floaters: $590M (63%)
- Harsh environment floaters: $347M (37%)
Questions
Which is bigger, Helmerich & Payne or Transocean?
Helmerich & Payne is the larger company: $1.0B of revenue in its latest quarter (Q3 FY26) against $937M for Transocean (Q3 2026).
Is Helmerich & Payne or Transocean growing faster?
Helmerich & Payne is growing faster (-0.6% against -9% a year earlier).
Which is more profitable, Helmerich & Payne or Transocean?
Helmerich & Payne is more profitable, with an operating margin of 18.2% against 15.3%.
More: Helmerich & Payne earnings · how Helmerich & Payne makes money · Transocean earnings · how Transocean makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.