Halliburton Co (HAL)

Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger systems, sand control systems, multilateral systems, and service tools. This segment also provides electrical submersible pumps, as well as artificial lift services; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning; and specialty chemicals and services. The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; drilling systems and services; wireline and perforating services consisting of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. This segment also provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas.

Symbol
HAL
Exchange
NYSE
Sector
Energy
Industry
Oil & Gas Equipment & Services
Market cap
$26.63B
52 week range
21.46 - 43.59

Valuation

Share price
$31.85 (close of 2026-10-02)
P/E (TTM)
16.76x
Price to book
2.41x
Price to free cash flow
15.44x
Enterprise value
$32.78B
Book value per share
$13.22

Price performance

PeriodChange
1 day-0.09%
5 days-2.78%
1 month-15.36%
3 months-3.37%
6 months-16.56%
Year to date+12.70%
1 year+30.64%
3 years-19.91%
5 years+42.95%
10 years-29.03%
All time+706.33%

Members of Congress who disclosed HAL trades

Gilbert Ray Cisneros · Jefferson Shreve · Lisa McClain · Robert Bresnahan

Super investors holding HAL

Ken Griffin (Citadel) · Richard Pzena (Pzena Investment Management) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity
12.21%
Return on invested capital
10.84%
Return on assets
5.13%
Return on capital employed
11.64%
Gross margin
13.12%
Net margin
5.78%
EBITDA margin
15.31%
Revenue growth
-3.31%
Net income growth
-48.70%
Free cash flow growth
-30.99%

Cash flow and balance sheet

Free cash flow yield (TTM)
6.48%
Current ratio
2.02x
Net debt to EBITDA
1.71x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$22.18B
Cost of revenue
$19.27B
Gross profit
$2.91B
EBITDA
$3.40B
Net income
$1.28B
Earnings per share
$1.50
Research and development
$411.00M
Shares outstanding
853.00M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$22.18B$2.91B$1.28B$1.50
2024-12-31$22.94B$4.49B$2.50B$2.84
2023-12-31$23.02B$4.72B$2.64B$2.93
2022-12-31$20.30B$3.29B$1.57B$1.74
2021-12-31$15.29B$2.33B$1.46B$1.63
2020-12-31$14.45B--$2.94B$-3.34
2019-12-31$22.41B$183.00M-$1.13B$-1.29
2018-12-31$24.00B$3.11B$1.66B$1.89
2017-12-31$20.62B$16.48B-$463.00M$-0.53
2016-12-31$15.89B$12.12B-$5.76B$-6.69

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3113.12%5.78%12.21%10.84%
2024-12-3119.56%10.90%23.71%18.78%
2023-12-3120.49%11.46%27.97%21.17%
2022-12-3116.22%7.74%19.71%15.04%
2021-12-3115.20%9.53%21.66%12.84%
2020-12-31--20.39%-59.10%-16.11%
2019-12-310.82%-5.05%-14.09%-2.60%
2018-12-3112.97%6.90%17.35%12.92%
2017-12-3179.91%-2.25%-5.55%4.05%
2016-12-3176.27%-36.27%-61.00%-27.56%

Cash and debt by year

Period endCashDebt
2025-12-31$2.21B$7.16B
2024-12-31$2.62B$7.16B
2023-12-31$2.26B$7.64B
2022-12-31$2.35B$7.93B
2021-12-31$3.04B$9.13B
2020-12-31$2.56B$9.13B
2019-12-31$2.27B$10.32B
2018-12-31$2.01B$10.31B
2017-12-31$2.34B$10.43B
2016-12-31$4.01B$12.21B

Free cash flow by year

Period endFree cash flow
2025-12-31$1.67B
2024-12-31$2.42B
2023-12-31$2.08B
2022-12-31$1.23B
2021-12-31$1.11B
2020-12-31$1.15B
2019-12-31$915.00M
2018-12-31$1.13B
2017-12-31$1.09B
2016-12-31-$2.50B

Dividend history

Most recent payment
2026-09-02
Paid in the last twelve months
$0.68
Payment dateDividend per share
2026-09-02$0.17
2026-06-03$0.17
2026-03-04$0.17
2025-12-03$0.17
2025-09-03$0.17
2025-06-04$0.17
2025-03-05$0.17
2024-12-04$0.17

Investor relations

Next earnings report

Next confirmed report
2026-10-20
Consensus EPS estimate
$0.58

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-21Jun/2026$0.54
2026-04-21Mar/2026$0.49
2026-01-21Dec/2025$0.54
2025-10-21Sep/2025$0.50
2025-07-22Jun/2025$0.55
2025-04-22Mar/2025$0.60
2025-01-22Dec/2024$0.70
2024-11-07Sep/2024$0.75

Filings and sources

Company website
halliburton.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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