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Patterson UTI Energy vs Helmerich & Payne: PTEN and HP compared
Patterson UTI Energy is the larger company: $1.3B of revenue in its latest quarter (Q3 2026) against $1.0B for Helmerich & Payne (Q3 FY26). Patterson UTI Energy is growing faster (+14% against -0.6% a year earlier). Helmerich & Payne is more profitable, with an operating margin of 18.2% against 4.7%.
Where the money goes: PTEN and HP
Patterson UTI Energy (PTEN) · Q3 2026
Patterson UTI Energy, Q3 2026: revenue $1.3B (+14% year over year), operating margin 4.7%, net earnings $28.6M, operating cash flow $301M. The chart follows the revenue to costs, profit and cash.
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.
| Patterson UTI Energy (PTEN) | Helmerich & Payne (HP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $1.3B | $1.0B |
| Revenue growth, Y/Y | +14% | -0.6% |
| Operating margin | 4.7% | 18.2% |
| Net earnings | $28.6M | $75.7M |
| Net margin | 2.1% | 7.3% |
| Operating cash flow | $301M | $154M |
| Free cash flow | $160M | $83.9M |
| Market value | $3.8B | $3.5B |
| Analysts’ mean target | $14.83 | $45.44 |
Where the revenue comes from
Patterson UTI Energy
- Completion Services: $808M (60%)
- Drilling Services: $417M (31%)
- Drilling Products: $110M (8%)
- Other: $6.4M (0%)
Questions
Which is bigger, Patterson UTI Energy or Helmerich & Payne?
Patterson UTI Energy is the larger company: $1.3B of revenue in its latest quarter (Q3 2026) against $1.0B for Helmerich & Payne (Q3 FY26).
Is Patterson UTI Energy or Helmerich & Payne growing faster?
Patterson UTI Energy is growing faster (+14% against -0.6% a year earlier).
Which is more profitable, Patterson UTI Energy or Helmerich & Payne?
Helmerich & Payne is more profitable, with an operating margin of 18.2% against 4.7%.
More: Patterson UTI Energy earnings · how Patterson UTI Energy makes money · Helmerich & Payne earnings · how Helmerich & Payne makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.