Halliburton (HAL) Financials

$20.47 -0.40 (-1.92%)

As of 03:58 PM Eastern

Annual Income Statements for Halliburton

This table shows Halliburton's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	2,501	2,638	1,572	1,457	-2,945	-1,131	1,656	-463	-5,763	-671
Consolidated Net Income / (Loss)	2,516	2,662	1,595	1,468	-2,942	-1,129	1,657	-468	-5,769	-667
Net Income / (Loss) Continuing Operations	2,516	2,662	1,595	1,468	-2,942	-1,129	1,657	-449	-5,767	-662
Total Pre-Tax Income	3,234	3,363	2,110	1,252	-3,220	-1,122	1,814	682	-7,625	-936
Total Operating Income	3,822	4,083	2,707	1,800	-2,436	-448	2,467	1,374	-6,770	-165
Total Gross Profit	4,301	4,360	3,313	2,016	1,545	2,285	2,986	2,277	870	2,520
Total Revenue	22,944	23,018	20,297	15,295	14,445	22,408	23,995	20,620	15,887	23,633
Operating Revenue	22,944	23,018	20,297	15,295	14,445	22,408	23,995	20,620	15,887	23,633
Total Cost of Revenue	18,643	18,658	16,984	13,279	12,900	20,123	21,009	18,343	15,017	21,113
Operating Cost of Revenue	18,643	18,658	16,984	13,279	12,900	20,123	21,009	18,343	15,017	21,113
Total Operating Expenses	479	277	606	216	3,981	2,733	519	903	7,640	2,685
Selling, General & Admin Expense	239	226	240	204	182	227	254	256	226	200
Other Operating Expenses / (Income)	124	51	0.00	0.00	-	-	-	-	-	-
Restructuring Charge	116	0.00	366	12	3,799	2,506	265	647	7,414	2,485
Total Other Income / (Expense), net	-588	-720	-597	-554	-784	-674	-653	-692	-855	-771
Interest Expense	0.00	0.00	42	0.00	168	0.00	-	-	-	-
Interest & Investment Income	-353	-395	-463	-520	-505	-569	-554	-593	-639	-447
Other Income / (Expense), net	-235	-325	-92	-34	-111	-105	-99	-99	-216	-324
Income Tax Expense	718	701	515	-216	-278	7.00	157	1,131	-1,858	-274
Net Income / (Loss) Attributable to Noncontrolling Interest	15	24	23	11	3.00	2.00	1.00	-5.00	-6.00	4.00
Weighted Average Basic Shares Outstanding	882M	899M	904M	892M	881M	875M	875M	870M	861M	853M
Weighted Average Diluted Shares Outstanding	883M	902M	908M	892M	881M	875M	877M	870M	861M	853M
Weighted Average Basic & Diluted Shares Outstanding	868.09M	1.78B	1.81B	892M	881M	875M	872.54M	870M	861M	853M
Cash Dividends to Common per Share	$0.68	$0.64	$0.48	$0.18	$0.32	$0.72	$0.72	$0.72	$0.72	$0.72

This table shows Halliburton's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	204	615	571	709	606	661	716	610	651	656	544
Consolidated Net Income / (Loss)	203	614	580	713	609	661	724	622	655	665	549
Net Income / (Loss) Continuing Operations	203	614	580	713	609	563	724	720	655	665	549
Total Pre-Tax Income	306	793	734	920	787	835	916	783	829	842	705
Total Operating Income	431	932	871	1,032	987	1,058	1,037	1,011	977	976	846
Total Gross Profit	879	1,026	1,070	1,123	1,082	1,133	1,118	1,078	1,031	1,038	905
Total Revenue	5,417	5,610	5,697	5,833	5,804	5,739	5,804	5,798	5,677	5,582	5,357
Operating Revenue	5,417	5,610	5,697	5,833	5,804	5,739	5,804	5,798	5,677	5,582	5,357
Total Cost of Revenue	4,538	4,584	4,627	4,710	4,722	4,606	4,686	4,720	4,646	4,544	4,452
Operating Cost of Revenue	4,538	4,584	4,627	4,710	4,722	4,606	4,686	4,720	4,646	4,544	4,452
Total Operating Expenses	448	94	199	91	95	75	81	67	54	62	59
Selling, General & Admin Expense	62	61	55	62	61	60	58	54	54	62	59
Other Operating Expenses / (Income)	30	33	28	29	34	15	23	13	0.00	-	0.00
Restructuring Charge	356	-	116	-	-	-	0.00	-	-	-	0.00
Total Other Income / (Expense), net	-125	-139	-137	-112	-200	-327	-121	-124	-148	-134	-141
Interest & Investment Income	-86	-84	-85	-92	-92	-98	-94	-102	-101	-162	-93
Other Income / (Expense), net	-39	-55	-52	-20	-108	-229	-27	-22	-47	28	-48
Income Tax Expense	103	179	154	207	178	168	192	167	174	177	156
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.00	-1.00	9.00	4.00	3.00	6.00	8.00	6.00	4.00	9.00	5.00
Basic Earnings per Share	$0.24	-	$650,000.00	$800,000.00	$680,000.00	-	$800,000.00	$680,000.00	$720,000.00	-	$600,000.00
Weighted Average Basic Shares Outstanding	866M	882M	881M	884M	889M	899M	898M	901M	904M	904M	908M
Diluted Earnings per Share	$0.24	-	$650,000.00	$800,000.00	$680,000.00	-	$790,000.00	$680,000.00	$720,000.00	-	$600,000.00
Weighted Average Diluted Shares Outstanding	866M	883M	881M	886M	891M	902M	902M	903M	907M	908M	910M
Weighted Average Basic & Diluted Shares Outstanding	859.72M	868.09M	878.50M	1.77B	1.77B	1.78B	1.79B	1.80B	1.80B	1.81B	1.82B
Cash Dividends to Common per Share	$0.17	-	$0.17	$0.17	$0.17	-	$0.16	$0.16	$0.16	-	$0.12

This table details how cash moves in and out of Halliburton's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	354	-82	-698	481	295	260	-329	-1,672	-6,068	7,786
Net Cash From Operating Activities	3,865	3,458	2,242	1,911	1,881	2,445	3,157	2,468	-1,703	2,906
Net Cash From Continuing Operating Activities	3,865	3,458	2,242	1,911	1,881	2,445	3,157	2,468	-1,703	2,906
Net Income / (Loss) Continuing Operations	2,516	2,662	1,595	1,468	-2,942	-1,129	1,657	-468	-5,769	-667
Consolidated Net Income / (Loss)	2,516	2,662	1,595	1,468	-2,942	-1,129	1,657	-468	-5,769	-667
Depreciation Expense	1,079	998	940	904	1,058	1,625	1,606	1,556	1,503	1,835
Non-Cash Adjustments To Reconcile Net Income	225	113	578	-260	3,759	2,650	614	1,272	2,832	944
Changes in Operating Assets and Liabilities, net	45	-315	-871	-201	6.00	-701	-720	108	-269	794
Net Cash From Investing Activities	-1,654	-1,659	-967	-534	-486	-1,445	-1,993	-1,927	-710	-2,192
Net Cash From Continuing Investing Activities	-1,654	-1,659	-967	-534	-486	-1,445	-1,993	-1,927	-710	-2,192
Purchase of Property, Plant & Equipment	-1,442	-1,379	-1,011	-799	-728	-1,530	-2,026	-1,373	-798	-2,184
Purchase of Investments	-438	-492	-75	-5.00	-	-	-	-	-92	-
Sale of Property, Plant & Equipment	223	195	200	257	286	190	218	158	222	168
Sale and/or Maturity of Investments	214	131	0.00	87	0.00	-	-	-	96	-
Other Investing Activities, net	-211	-114	-81	-74	-44	-105	2.00	-84	-107	-137
Net Cash From Financing Activities	-1,730	-1,671	-1,798	-838	-1,007	-695	-1,419	-2,161	-3,540	7,081
Net Cash From Continuing Financing Activities	-1,730	-1,671	-1,798	-838	-1,007	-695	-1,419	-2,161	-3,540	7,081
Repayment of Debt	-100	-305	-1,242	-700	-1,654	-13	-584	-1,693	-3,171	88
Repurchase of Common Equity	-1,005	-800	-250	0.00	-100	-100	-400	0.00	0.00	-
Payment of Dividends	-600	-576	-435	-161	-278	-630	-630	-626	-620	-614
Issuance of Debt	-130	-126	-100	-56	938	-70	0.00	-	65	7,440
Other Financing Activities, net	105	136	229	79	87	118	195	158	186	167
Effect of Exchange Rate Changes	-127	-210	-175	-58	-93	-45	-74	-52	-115	-9.00
Cash Interest Paid	441	460	487	517	509	534	556	594	659	380
Cash Income Taxes Paid	538	616	354	214	300	363	178	-178	-20	370

This table details how cash moves in and out of Halliburton's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-814	440	40	247	-373	228	-69	226	-467	369	-249
Net Cash From Operating Activities	377	1,456	841	1,081	487	1,410	874	1,052	122	1,163	753
Net Cash From Continuing Operating Activities	377	1,456	841	1,081	487	1,410	874	1,052	122	1,163	753
Net Income / (Loss) Continuing Operations	203	614	580	713	609	667	724	616	655	665	549
Consolidated Net Income / (Loss)	203	614	580	713	609	667	724	616	655	665	549
Depreciation Expense	277	275	270	271	263	256	256	245	241	236	234
Non-Cash Adjustments To Reconcile Net Income	51	-123	271	121	-44	4.00	103	52	-46	226	67
Changes in Operating Assets and Liabilities, net	-154	690	-280	-24	-341	483	-209	139	-728	36	-97
Net Cash From Investing Activities	-784	-444	-436	-393	-381	-535	-428	-401	-295	-389	-230
Net Cash From Continuing Investing Activities	-784	-444	-436	-393	-381	-535	-428	-401	-295	-389	-230
Purchase of Property, Plant & Equipment	-302	-426	-339	-347	-330	-399	-409	-303	-268	-350	-251
Acquisitions	-461	-	-	-	-	-	-	-	-	-	-
Purchase of Investments	-96	-118	-38	-	-	-191	-31	-	-	-65	-
Sale of Property, Plant & Equipment	49	74	41	59	49	59	46	49	41	43	41
Sale and/or Maturity of Investments	41	77	14	-	-	19	9.00	-	-	-	-
Other Investing Activities, net	-15	-51	-136	76	-100	-23	-55	32	-68	-17	-20
Net Cash From Financing Activities	-406	-545	-347	-416	-422	-544	-483	-395	-249	-343	-712
Net Cash From Continuing Financing Activities	-406	-545	-347	-416	-422	-544	-483	-395	-249	-343	-712
Repayment of Debt	0.00	-100	-	-	-	-155	-	-	-	-	-600
Repurchase of Common Equity	-250	-309	-196	-250	-250	-254	-198	-248	-100	-204	-46
Payment of Dividends	-147	-148	-150	-151	-151	-143	-144	-144	-145	-108	-110
Issuance of Debt	-9.00	-93	-1.00	-15	-21	-128	9.00	-3.00	-4.00	-260	44
Other Financing Activities, net	0.00	-	-	-	-	-	-	-	-	-	-
Effect of Exchange Rate Changes	-1.00	-27	-18	-25	-57	-103	-32	-30	-45	-62	-60
Cash Interest Paid	116	105	118	100	118	105	127	101	127	103	140
Cash Income Taxes Paid	165	169	86	188	95	88	140	240	148	78	86

This table presents Halliburton's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	25,587	24,683	23,255	22,321	20,680	25,377	25,982	25,085	27,000	36,942
Total Current Assets	12,382	11,543	10,952	9,943	9,475	11,212	11,151	10,777	11,677	20,070
Cash & Equivalents	2,618	2,264	2,346	3,044	2,563	2,268	2,008	2,337	4,009	10,077
Accounts Receivable	5,117	4,860	4,627	3,666	3,071	4,577	5,234	5,036	3,922	5,317
Inventories, net	3,040	3,226	2,923	2,361	2,349	3,139	3,028	2,396	2,275	2,993
Other Current Assets	1,607	1,193	1,056	872	1,492	1,228	881	1,008	886	1,156
Plant, Property, & Equipment, net	5,113	4,900	4,348	4,326	4,325	7,310	8,873	8,521	8,532	12,117
Accumulated Depreciation	12,461	12,064	11,660	-	11,039	12,630	-	-	-	-
Total Noncurrent Assets	8,092	8,240	7,955	8,052	3,890	6,855	5,958	5,787	6,791	4,755
Goodwill	2,838	2,850	2,829	2,843	2,804	2,812	2,825	2,693	2,414	2,385
Noncurrent Deferred & Refundable Income Taxes	2,339	2,505	2,636	2,695	-	1,683	1,384	1,230	1,960	552
Other Noncurrent Operating Assets	2,915	2,885	2,490	2,514	1,910	2,360	1,749	1,864	2,417	1,818
Total Liabilities & Shareholders' Equity	25,587	24,683	23,255	22,321	20,680	25,377	25,982	25,085	27,000	36,942
Total Liabilities	15,039	15,250	15,278	15,593	15,697	17,352	16,438	16,736	17,552	21,447
Total Current Liabilities	6,050	5,608	5,345	4,306	4,421	4,878	4,802	4,862	4,023	5,337
Short-Term Debt	644	0.00	224	-	-	11	-	512	170	659
Accounts Payable	3,189	3,147	3,121	2,353	1,573	2,432	3,018	2,554	1,764	2,019
Current Deferred & Payable Income Tax Liabilities	449	390	294	553	508	310	248	231	218	293
Current Employee Benefit Liabilities	711	689	634	493	517	604	714	746	544	862
Other Taxes Payable	328	370	349	-	-	-	-	-	-	-
Other Current Liabilities	729	1,012	723	907	1,128	1,521	822	819	697	806
Total Noncurrent Liabilities	8,989	9,642	9,933	11,287	11,276	12,474	11,636	11,874	13,529	16,110
Long-Term Debt	7,160	7,636	7,928	9,127	9,132	10,316	10,312	10,430	12,214	14,687
Noncurrent Employee Benefit Liabilities	414	408	408	492	562	525	483	609	574	479
Other Noncurrent Operating Liabilities	1,415	1,598	1,597	1,668	1,582	1,633	841	835	741	944
Total Equity & Noncontrolling Interests	10,548	9,433	7,977	6,728	4,983	8,025	9,544	8,349	9,448	15,495
Total Preferred & Common Equity	10,506	9,391	7,948	6,713	4,974	8,012	9,522	8,322	9,409	15,462
Total Common Equity	10,506	9,391	7,948	6,713	4,974	8,012	9,522	8,322	9,409	15,462
Common Stock	2,741	2,726	2,714	2,697	2,666	2,812	2,882	2,880	2,875	2,951
Retained Earnings	14,332	12,536	10,572	9,710	8,691	11,989	13,739	12,668	14,141	20,524
Treasury Stock	-6,214	-5,540	-5,108	-5,511	-6,021	-6,427	-6,744	-6,757	-7,153	-7,650
Accumulated Other Comprehensive Income / (Loss)	-353	-331	-230	-183	-362	-362	-355	-469	-454	-363
Noncontrolling Interest	42	42	29	15	9.00	13	22	27	39	33

This table presents Halliburton's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	25,179	25,587	25,331	25,152	24,654	24,683	24,442	24,073	23,619	23,255	22,563
Total Current Assets	11,529	12,382	12,043	11,878	11,423	11,543	11,600	11,443	11,245	10,952	10,411
Cash & Equivalents	1,804	2,618	2,178	2,138	1,891	2,264	2,036	2,105	1,879	2,346	1,977
Accounts Receivable	5,204	5,117	5,339	5,327	5,103	4,860	5,124	4,946	5,195	4,627	4,614
Inventories, net	3,044	3,040	3,194	3,282	3,258	3,226	3,336	3,241	3,133	2,923	2,842
Other Current Assets	1,477	1,607	1,332	1,131	1,171	1,193	1,104	1,151	1,038	1,056	978
Plant, Property, & Equipment, net	5,149	5,113	4,945	5,073	4,973	4,900	4,733	4,483	4,399	4,348	4,203
Total Noncurrent Assets	8,501	8,092	8,343	8,201	8,258	8,240	8,109	8,147	7,975	7,955	7,949
Goodwill	2,891	2,838	2,838	2,858	2,850	2,850	2,850	2,840	2,829	2,829	2,828
Noncurrent Deferred & Refundable Income Taxes	2,345	2,339	2,446	2,420	2,472	2,505	2,517	2,570	2,574	2,636	2,653
Other Noncurrent Operating Assets	3,265	2,915	3,059	2,923	2,936	2,885	2,742	2,737	2,572	2,490	2,468
Total Liabilities & Shareholders' Equity	25,179	25,587	25,331	25,152	24,654	24,683	24,442	24,073	23,619	23,255	22,563
Total Liabilities	14,770	15,039	14,979	15,106	14,972	15,250	15,253	15,346	15,174	15,278	14,918
Total Current Liabilities	5,823	6,050	5,460	5,576	5,379	5,608	5,419	5,346	5,266	5,345	4,968
Short-Term Debt	381	644	-	-	-	0.00	-	-	-	224	-
Accounts Payable	3,168	3,189	3,009	3,295	3,092	3,147	3,238	3,188	3,180	3,121	3,064
Current Deferred & Payable Income Tax Liabilities	362	449	482	402	428	390	266	267	293	294	242
Current Employee Benefit Liabilities	632	711	690	619	542	689	643	567	474	634	538
Other Taxes Payable	237	328	281	294	311	370	332	350	299	349	293
Other Current Liabilities	1,043	729	998	966	1,006	1,012	940	974	1,020	723	831
Total Noncurrent Liabilities	8,947	8,989	9,519	9,530	9,593	9,642	9,834	10,000	9,908	9,933	9,950
Long-Term Debt	7,160	7,160	7,639	7,638	7,637	7,636	7,783	7,931	7,929	7,928	7,927
Noncurrent Employee Benefit Liabilities	389	414	392	375	381	408	392	385	377	408	473
Other Noncurrent Operating Liabilities	1,398	1,415	1,488	1,517	1,575	1,598	1,659	1,684	1,602	1,597	1,550
Total Equity & Noncontrolling Interests	10,409	10,548	10,352	10,046	9,682	9,433	9,189	8,727	8,445	7,977	7,645
Total Preferred & Common Equity	10,367	10,506	10,296	10,000	9,636	9,391	9,150	8,693	8,415	7,948	7,621
Total Common Equity	10,367	10,506	10,296	10,000	9,636	9,391	9,150	8,693	8,415	7,948	7,621
Common Stock	2,720	2,741	2,700	2,663	2,662	2,726	2,689	2,663	2,664	2,714	2,696
Retained Earnings	14,389	14,332	13,865	13,450	12,988	12,536	12,018	11,459	11,075	10,572	10,024
Treasury Stock	-6,383	-6,214	-5,940	-5,781	-5,682	-5,540	-5,330	-5,201	-5,095	-5,108	-4,918
Accumulated Other Comprehensive Income / (Loss)	-359	-353	-329	-332	-332	-331	-227	-228	-229	-230	-181
Noncontrolling Interest	42	42	56	46	46	42	39	34	30	29	24

This table displays calculated financial ratios and metrics derived from Halliburton's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.32%	13.41%	32.70%	5.88%	-35.54%	-6.61%	16.37%	29.79%	-32.78%	-28.10%
EBITDA Growth	-1.89%	33.78%	33.15%	279.32%	-238.90%	-73.02%	40.37%	151.63%	-507.36%	-81.36%
EBIT Growth	-4.55%	43.71%	48.07%	169.34%	-360.58%	-123.35%	85.73%	118.25%	-1,328.63%	-109.60%
NOPAT Growth	-8.00%	57.94%	-3.04%	223.77%	-443.75%	-113.92%	349.12%	80.91%	-4,003.03%	-103.11%
Net Income Growth	-5.48%	66.90%	8.65%	149.90%	-160.58%	-168.14%	454.06%	91.89%	-764.92%	-119.05%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-168.25%	456.60%	92.08%	-746.84%	-119.22%
Operating Cash Flow Growth	11.77%	54.24%	17.32%	1.59%	-23.07%	-22.55%	27.92%	244.92%	-158.60%	-28.46%
Free Cash Flow Firm Growth	-7.49%	105.71%	174.42%	-128.18%	253.13%	6.69%	3,920.54%	98.02%	-298.35%	-9.96%
Invested Capital Growth	6.27%	7.41%	7.59%	38.39%	-42.45%	-9.88%	5.27%	-4.88%	-14.16%	-4.69%
Revenue Q/Q Growth	-0.56%	0.69%	6.87%	7.30%	-11.92%	-3.22%	-0.02%	10.26%	-6.26%	-13.50%
EBITDA Q/Q Growth	1.46%	-3.16%	14.05%	34.71%	49.13%	-68.59%	7.14%	16.65%	-1.80%	-51.89%
EBIT Q/Q Growth	1.36%	-4.45%	19.84%	63.52%	38.30%	-131.82%	11.07%	45.22%	-1.17%	-160.52%
NOPAT Q/Q Growth	-3.96%	2.34%	-13.92%	162.41%	38.98%	-117.02%	778.80%	-210.86%	-0.37%	-116.33%
Net Income Q/Q Growth	-1.83%	-0.15%	-9.22%	254.59%	32.66%	-194.64%	910.37%	-329.41%	-2.25%	-352.65%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-194.85%	894.74%	0.00%	0.00%	-363.33%
Operating Cash Flow Q/Q Growth	1.20%	7.69%	27.31%	2.36%	-21.95%	14.79%	-4.79%	-1.91%	9.27%	-8.33%
Free Cash Flow Firm Q/Q Growth	-7.86%	21.62%	401.87%	-163.11%	83.27%	91.37%	21.01%	-102.78%	59.45%	-69.50%
Invested Capital Q/Q Growth	-0.50%	-0.88%	1.38%	12.06%	-28.32%	-13.08%	2.46%	-7.28%	-4.95%	9.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.75%	18.94%	16.32%	13.18%	10.70%	10.20%	12.44%	11.04%	5.48%	10.66%
EBITDA Margin	20.34%	20.66%	17.51%	17.46%	-10.31%	4.78%	16.56%	13.73%	-34.51%	5.70%
Operating Margin	16.66%	17.74%	13.34%	11.77%	-16.86%	-2.00%	10.28%	6.66%	-42.61%	-0.70%
EBIT Margin	15.63%	16.33%	12.88%	11.55%	-17.63%	-2.47%	9.87%	6.18%	-43.97%	-2.07%
Profit (Net Income) Margin	10.97%	11.56%	7.86%	9.60%	-20.37%	-5.04%	6.91%	-2.27%	-36.31%	-2.82%
Tax Burden Percent	77.80%	79.16%	75.59%	117.25%	91.37%	100.62%	91.35%	-68.62%	75.66%	71.26%
Interest Burden Percent	90.16%	89.49%	80.69%	70.89%	126.42%	202.89%	76.60%	53.49%	109.15%	191.41%
Effective Tax Rate	22.20%	20.84%	24.41%	-17.25%	0.00%	0.00%	8.65%	165.84%	0.00%	0.00%
Return on Invested Capital (ROIC)	19.47%	22.61%	15.39%	19.13%	-13.46%	-1.85%	12.95%	-5.20%	-24.56%	-0.54%
ROIC Less NNEP Spread (ROIC-NNEP)	10.81%	12.41%	7.80%	6.72%	-33.51%	-11.81%	5.90%	-0.06%	-39.66%	-10.80%
Return on Net Nonoperating Assets (RNNOA)	5.71%	7.97%	6.30%	5.94%	-31.78%	-11.00%	5.57%	-0.06%	-21.69%	-3.65%
Return on Equity (ROE)	25.18%	30.58%	21.69%	25.07%	-45.23%	-12.85%	18.52%	-5.26%	-46.26%	-4.20%
Cash Return on Invested Capital (CROIC)	13.39%	15.46%	8.08%	-13.08%	40.42%	8.55%	7.81%	-0.20%	-9.32%	4.26%
Operating Return on Assets (OROA)	14.27%	15.68%	11.48%	8.21%	-11.06%	-2.15%	9.27%	4.90%	-21.85%	-1.42%
Return on Assets (ROA)	10.01%	11.11%	7.00%	6.83%	-12.78%	-4.40%	6.49%	-1.80%	-18.04%	-1.93%
Return on Common Equity (ROCE)	25.08%	30.46%	21.63%	25.02%	-45.16%	-12.83%	18.47%	-5.24%	-46.12%	-4.19%
Return on Equity Simple (ROE_SIMPLE)	23.95%	28.35%	20.07%	21.87%	-59.15%	-14.09%	17.40%	-5.62%	-61.31%	-4.31%
Net Operating Profit after Tax (NOPAT)	2,973	3,232	2,046	2,111	-1,705	-314	2,253	-905	-4,739	-116
NOPAT Margin	12.96%	14.04%	10.08%	13.80%	-11.80%	-1.40%	9.39%	-4.39%	-29.83%	-0.49%
Net Nonoperating Expense Percent (NNEP)	8.67%	10.20%	7.59%	12.41%	20.06%	9.97%	7.06%	-5.14%	15.10%	10.25%
Return On Investment Capital (ROIC_SIMPLE)	16.20%	18.93%	12.69%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	81.25%	81.06%	83.68%	86.82%	89.30%	89.80%	87.56%	88.96%	94.52%	89.34%
SG&A Expenses to Revenue	1.04%	0.98%	1.18%	1.33%	1.26%	1.01%	1.06%	1.24%	1.42%	0.85%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	2.09%	1.20%	2.99%	1.41%	27.56%	12.20%	2.16%	4.38%	48.09%	11.36%
Earnings before Interest and Taxes (EBIT)	3,587	3,758	2,615	1,766	-2,547	-553	2,368	1,275	-6,986	-489
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,666	4,756	3,555	2,670	-1,489	1,072	3,974	2,831	-5,483	1,346
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.27	3.37	4.32	2.94	3.21	2.51	2.22	4.57	4.36	1.62
Price to Tangible Book Value (P/TBV)	3.12	4.84	6.71	5.10	7.36	3.87	3.16	6.75	5.86	1.92
Price to Revenue (P/Rev)	1.04	1.38	1.69	1.29	1.11	0.90	0.88	1.84	2.58	1.06
Price to Earnings (P/E)	9.55	12.01	21.86	13.55	0.00	0.00	12.76	0.00	0.00	0.00
Dividend Yield	2.50%	1.81%	1.27%	0.82%	1.74%	3.14%	2.98%	1.65%	1.52%	2.45%
Earnings Yield	10.47%	8.33%	4.57%	7.38%	0.00%	0.00%	7.84%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.85	2.51	2.92	2.02	2.44	1.75	1.65	2.75	2.77	1.47
Enterprise Value to Revenue (EV/Rev)	1.27	1.61	1.98	1.69	1.56	1.26	1.23	2.26	3.11	1.29
Enterprise Value to EBITDA (EV/EBITDA)	6.24	7.80	11.31	9.68	0.00	26.32	7.41	16.48	0.00	22.60
Enterprise Value to EBIT (EV/EBIT)	8.12	9.87	15.37	14.63	0.00	0.00	12.44	36.59	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	9.79	11.48	19.65	12.24	0.00	0.00	13.07	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	7.53	10.73	17.93	13.52	11.99	11.54	9.33	18.90	0.00	10.47
Enterprise Value to Free Cash Flow (EV/FCFF)	14.24	16.79	37.42	0.00	4.40	19.45	21.67	0.00	0.00	33.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.74	0.81	1.02	1.36	1.83	1.29	1.08	1.31	1.31	0.99
Long-Term Debt to Equity	0.68	0.81	0.99	1.36	1.83	1.29	1.08	1.25	1.29	0.95
Financial Leverage	0.53	0.64	0.81	0.88	0.95	0.93	0.95	0.95	0.55	0.34
Leverage Ratio	2.52	2.75	3.10	3.67	3.54	2.92	2.85	2.93	2.56	2.17
Compound Leverage Factor	2.27	2.46	2.50	2.60	4.48	5.93	2.19	1.57	2.80	4.16
Debt to Total Capital	42.52%	44.74%	50.54%	57.57%	64.70%	56.27%	51.93%	56.72%	56.72%	49.76%
Short-Term Debt to Total Capital	3.51%	0.00%	1.39%	0.00%	0.00%	0.06%	0.00%	2.65%	0.78%	2.14%
Long-Term Debt to Total Capital	39.01%	44.74%	49.15%	57.57%	64.70%	56.21%	51.93%	54.07%	55.95%	47.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.23%	0.25%	0.18%	0.09%	0.06%	0.07%	0.11%	0.14%	0.18%	0.11%
Common Equity to Total Capital	57.25%	55.02%	49.28%	42.34%	35.24%	43.66%	47.96%	43.14%	43.10%	50.13%
Debt to EBITDA	1.67	1.61	2.29	3.42	-6.13	9.63	2.59	3.87	-2.26	11.40
Net Debt to EBITDA	1.11	1.13	1.63	2.28	-4.41	7.52	2.09	3.04	-1.53	3.91
Long-Term Debt to EBITDA	1.53	1.61	2.23	3.42	-6.13	9.62	2.59	3.68	-2.23	10.91
Debt to NOPAT	2.62	2.36	3.98	4.32	-5.36	-32.93	4.58	-12.10	-2.61	-132.87
Net Debt to NOPAT	1.74	1.66	2.84	2.88	-3.85	-25.70	3.69	-9.51	-1.77	-45.62
Long-Term Debt to NOPAT	2.41	2.36	3.87	4.32	-5.36	-32.90	4.58	-11.53	-2.58	-127.16
Altman Z-Score	3.39	3.68	3.52	2.62	1.78	2.47	3.03	3.34	2.21	2.56
Noncontrolling Interest Sharing Ratio	0.42%	0.41%	0.30%	0.20%	0.17%	0.20%	0.27%	0.37%	0.29%	0.20%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.05	2.06	2.05	2.31	2.14	2.30	2.32	2.22	2.90	3.76
Quick Ratio	1.28	1.27	1.30	1.56	1.27	1.40	1.51	1.52	1.97	2.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,044	2,210	1,074	-1,443	5,122	1,450	1,359	-36	-1,798	907
Operating Cash Flow to CapEx	317.06%	292.06%	276.45%	352.58%	425.57%	182.46%	174.61%	203.13%	-295.66%	144.15%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	25.58	0.00	30.49	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	53.38	0.00	11.20	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	34.07	0.00	8.57	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.91	0.96	0.89	0.71	0.63	0.87	0.94	0.79	0.50	0.68
Accounts Receivable Turnover	4.60	4.85	4.90	4.54	3.78	4.57	4.67	4.60	3.44	3.67
Inventory Turnover	5.95	6.07	6.43	5.64	4.70	6.53	7.75	7.85	5.70	6.43
Fixed Asset Turnover	4.58	4.98	4.68	3.54	2.48	2.77	2.76	2.42	1.54	1.92
Accounts Payable Turnover	5.88	5.95	6.21	6.76	6.44	7.38	7.54	8.50	7.94	8.74
Days Sales Outstanding (DSO)	79.36	75.22	74.57	80.39	96.63	79.90	78.11	79.28	106.13	99.47
Days Inventory Outstanding (DIO)	61.34	60.15	56.78	64.73	77.64	55.93	47.12	46.47	64.02	56.74
Days Payable Outstanding (DPO)	62.02	61.31	58.82	53.96	56.66	49.43	48.40	42.96	45.97	41.78
Cash Conversion Cycle (CCC)	78.67	74.05	72.52	91.16	117.61	86.41	76.83	82.80	124.18	114.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	15,734	14,805	13,783	12,811	9,257	16,084	17,848	16,954	17,823	20,764
Invested Capital Turnover	1.50	1.61	1.53	1.39	1.14	1.32	1.38	1.19	0.82	1.11
Increase / (Decrease) in Invested Capital	929	1,022	972	3,554	-6,827	-1,764	894	-869	-2,941	-1,022
Enterprise Value (EV)	29,114	37,099	40,205	25,834	22,556	28,213	29,462	46,649	49,434	30,422
Market Capitalization	23,886	31,685	34,370	19,736	15,978	20,141	21,136	38,017	41,020	25,120
Book Value per Share	$11.96	$10.49	$8.75	$7.50	$5.63	$9.13	$10.87	$9.54	$10.88	$18.07
Tangible Book Value per Share	$8.73	$7.31	$5.64	$4.32	$2.45	$5.92	$7.64	$6.45	$8.09	$15.28
Total Capital	18,352	17,069	16,129	15,855	14,115	18,352	19,856	19,291	21,832	30,841
Total Debt	7,804	7,636	8,152	9,127	9,132	10,327	10,312	10,942	12,384	15,346
Total Long-Term Debt	7,160	7,636	7,928	9,127	9,132	10,316	10,312	10,430	12,214	14,687
Net Debt	5,186	5,372	5,806	6,083	6,569	8,059	8,304	8,605	8,375	5,269
Capital Expenditures (CapEx)	1,219	1,184	811	542	442	1,340	1,808	1,215	576	2,016
Debt-free, Cash-free Net Working Capital (DFCFNWC)	4,358	3,671	3,485	2,593	2,491	4,077	4,341	4,090	3,815	5,315
Debt-free Net Working Capital (DFNWC)	6,976	5,935	5,831	5,637	5,054	6,345	6,349	6,427	7,824	15,392
Net Working Capital (NWC)	6,332	5,935	5,607	5,637	5,054	6,334	6,349	5,915	7,654	14,733
Net Nonoperating Expense (NNE)	457	570	451	643	1,237	815	596	-437	1,030	552
Net Nonoperating Obligations (NNO)	5,186	5,372	5,806	6,083	4,274	8,059	8,304	8,605	8,375	5,269
Total Depreciation and Amortization (D&A)	1,079	998	940	904	1,058	1,625	1,606	1,556	1,503	1,835
Debt-free, Cash-free Net Working Capital to Revenue	18.99%	15.95%	17.17%	16.95%	17.24%	18.19%	18.09%	19.84%	24.01%	22.49%
Debt-free Net Working Capital to Revenue	30.40%	25.78%	28.73%	36.86%	34.99%	28.32%	26.46%	31.17%	49.25%	65.13%
Net Working Capital to Revenue	27.60%	25.78%	27.62%	36.86%	34.99%	28.27%	26.46%	28.69%	48.18%	62.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$1.63	($3.34)	$0.00	$0.00	$0.00	($6.69)	($0.79)
Adjusted Weighted Average Basic Shares Outstanding	882M	899M	904M	1.80B	881M	875M	875M	874.91M	861M	853M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$1.63	($3.34)	($1.29)	$1.89	($0.53)	($6.69)	($0.79)
Adjusted Weighted Average Diluted Shares Outstanding	883M	902M	908M	1.80B	881M	875M	877M	874.91M	861M	853M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$1.63	($3.34)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	868.09M	1.78B	1.81B	892M	1.78B	879.91M	872.54M	870M	866.93M	858.34M
Normalized Net Operating Profit after Tax (NOPAT)	3,064	3,232	2,323	1,268	954	1,441	2,496	1,415	451	1,624
Normalized NOPAT Margin	13.35%	14.04%	11.44%	8.29%	6.61%	6.43%	10.40%	6.86%	2.84%	6.87%
Pre Tax Income Margin	14.10%	14.61%	10.40%	8.19%	-22.29%	-5.01%	7.56%	3.31%	-48.00%	-3.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	62.26	0.00	-15.16	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	48.72	0.00	-10.15	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	42.95	0.00	-17.79	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	29.41	0.00	-12.78	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	23.85%	21.64%	27.27%	10.97%	-9.45%	-55.80%	38.02%	-133.76%	-10.75%	-92.05%
Augmented Payout Ratio	63.79%	51.69%	42.95%	10.97%	-12.85%	-64.66%	62.16%	-133.76%	-10.75%	-92.05%

This table displays calculated financial ratios and metrics derived from Halliburton's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.67%	-2.25%	-1.84%	0.60%	2.24%	2.81%	8.34%	14.27%	32.52%	30.51%	38.78%
EBITDA Growth	-41.42%	6.18%	-13.98%	3.97%	-2.48%	-12.50%	22.67%	116.49%	64.24%	54.61%	57.32%
EBIT Growth	-55.40%	5.79%	-18.91%	2.33%	-5.48%	-17.43%	26.57%	197.89%	93.35%	75.83%	84.72%
NOPAT Growth	-62.56%	-14.61%	-16.03%	0.56%	-1.06%	9.64%	24.41%	319.88%	89.97%	-29.16%	94.49%
Net Income Growth	-66.67%	-7.11%	-19.89%	14.63%	-7.02%	-0.60%	31.88%	431.62%	148.11%	-19.59%	128.75%
EPS Growth	-64.71%	0.00%	-17.72%	17.65%	-5.56%	0.00%	31.67%	466.67%	148.28%	0.00%	130.77%
Operating Cash Flow Growth	-22.59%	3.26%	-3.78%	2.76%	299.18%	21.24%	16.07%	179.79%	344.00%	70.53%	22.04%
Free Cash Flow Firm Growth	-155.31%	-17.25%	63.80%	37.80%	46.11%	12.08%	65.34%	63.35%	49.96%	91.84%	-182.57%
Invested Capital Growth	4.65%	6.27%	5.87%	6.82%	6.44%	7.41%	9.86%	8.22%	8.10%	7.59%	18.92%
Revenue Q/Q Growth	-3.44%	-1.53%	-2.33%	0.50%	1.13%	-1.12%	0.10%	2.13%	1.70%	4.20%	5.58%
EBITDA Q/Q Growth	-41.93%	5.79%	-15.12%	12.35%	-6.55%	-14.30%	2.59%	5.38%	-5.56%	20.16%	81.05%
EBIT Q/Q Growth	-55.30%	7.08%	-19.07%	15.13%	-9.01%	-17.92%	2.12%	6.34%	-7.37%	25.81%	140.36%
NOPAT Q/Q Growth	-60.38%	4.85%	-13.95%	4.72%	-9.63%	3.11%	3.05%	3.04%	0.14%	17.01%	247.78%
Net Income Q/Q Growth	-66.94%	5.86%	-18.65%	17.08%	-8.70%	-8.70%	16.40%	-5.04%	-1.50%	21.13%	369.23%
EPS Q/Q Growth	0.00%	0.00%	-18.75%	17.65%	0.00%	0.00%	16.18%	-5.56%	0.00%	0.00%	400.00%
Operating Cash Flow Q/Q Growth	-74.11%	73.13%	-22.20%	121.97%	-65.46%	61.33%	-16.92%	762.30%	-89.51%	54.45%	100.27%
Free Cash Flow Firm Q/Q Growth	-108.35%	-9.87%	2.31%	-14.16%	61.44%	66.08%	-67.84%	1.09%	-56.12%	86.63%	-77.47%
Invested Capital Q/Q Growth	2.62%	-0.50%	1.72%	0.76%	2.40%	-0.88%	2.63%	0.40%	5.17%	1.38%	1.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.23%	18.29%	18.78%	19.25%	18.64%	19.74%	19.26%	18.59%	18.16%	18.60%	16.89%
EBITDA Margin	12.35%	20.53%	19.12%	22.00%	19.68%	18.91%	21.81%	21.28%	20.63%	22.21%	19.26%
Operating Margin	7.96%	16.61%	15.29%	17.69%	17.01%	18.44%	17.87%	17.44%	17.21%	17.48%	15.79%
EBIT Margin	7.24%	15.63%	14.38%	17.35%	15.14%	14.45%	17.40%	17.06%	16.38%	17.99%	14.90%
Profit (Net Income) Margin	3.75%	10.94%	10.18%	12.22%	10.49%	11.52%	12.47%	10.73%	11.54%	11.91%	10.25%
Tax Burden Percent	66.34%	77.43%	79.02%	77.50%	77.38%	79.16%	79.04%	79.44%	79.01%	78.98%	77.87%
Interest Burden Percent	78.06%	90.42%	89.62%	90.91%	89.53%	100.72%	90.69%	79.17%	89.14%	83.86%	88.35%
Effective Tax Rate	33.66%	22.57%	20.98%	22.50%	22.62%	20.12%	20.96%	21.33%	20.99%	21.02%	22.13%
Return on Invested Capital (ROIC)	7.54%	19.33%	18.13%	21.12%	20.36%	23.71%	22.63%	21.96%	21.14%	21.08%	18.66%
ROIC Less NNEP Spread (ROIC-NNEP)	6.10%	17.29%	16.20%	19.59%	17.73%	20.42%	21.00%	19.10%	19.26%	19.30%	16.79%
Return on Net Nonoperating Assets (RNNOA)	3.49%	9.14%	9.29%	11.82%	11.54%	13.11%	14.59%	14.59%	15.46%	15.60%	14.71%
Return on Equity (ROE)	11.03%	28.46%	27.42%	32.94%	31.90%	36.82%	37.22%	36.55%	36.60%	36.68%	33.38%
Cash Return on Invested Capital (CROIC)	11.31%	13.39%	14.43%	14.85%	15.31%	15.46%	12.74%	13.51%	9.54%	8.08%	1.71%
Operating Return on Assets (OROA)	6.55%	14.27%	13.33%	16.34%	14.52%	13.87%	16.93%	16.44%	15.55%	16.02%	12.98%
Return on Assets (ROA)	3.39%	9.99%	9.44%	11.51%	10.06%	11.06%	12.13%	10.34%	10.95%	10.61%	8.93%
Return on Common Equity (ROCE)	10.98%	28.34%	27.29%	32.80%	31.76%	36.67%	37.08%	36.43%	36.49%	36.57%	33.29%
Return on Equity Simple (ROE_SIMPLE)	20.35%	0.00%	24.89%	27.07%	27.15%	0.00%	29.14%	28.66%	23.60%	0.00%	23.05%
Net Operating Profit after Tax (NOPAT)	286	722	688	800	764	845	820	795	772	771	659
NOPAT Margin	5.28%	12.86%	12.08%	13.71%	13.16%	14.73%	14.12%	13.72%	13.60%	13.81%	12.30%
Net Nonoperating Expense Percent (NNEP)	1.44%	2.04%	1.93%	1.53%	2.62%	3.29%	1.64%	2.86%	1.88%	1.78%	1.88%
Return On Investment Capital (ROIC_SIMPLE)	1.59%	3.93%	-	-	-	4.95%	-	-	-	4.78%	-
Cost of Revenue to Revenue	83.77%	81.71%	81.22%	80.75%	81.36%	80.26%	80.74%	81.41%	81.84%	81.40%	83.11%
SG&A Expenses to Revenue	1.14%	1.09%	0.97%	1.06%	1.05%	1.05%	1.00%	0.93%	0.95%	1.11%	1.10%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.27%	1.68%	3.49%	1.56%	1.64%	1.31%	1.40%	1.16%	0.95%	1.11%	1.10%
Earnings before Interest and Taxes (EBIT)	392	877	819	1,012	879	829	1,010	989	930	1,004	798
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	669	1,152	1,089	1,283	1,142	1,085	1,266	1,234	1,171	1,240	1,032
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.12	2.27	2.49	2.99	3.66	3.37	3.90	3.36	3.34	4.32	2.85
Price to Tangible Book Value (P/TBV)	2.95	3.12	3.44	4.19	5.20	4.84	5.66	4.99	5.03	6.71	4.54
Price to Revenue (P/Rev)	0.98	1.04	1.11	1.29	1.52	1.38	1.56	1.30	1.29	1.69	1.15
Price to Earnings (P/E)	10.49	9.55	10.07	11.11	13.61	12.01	13.55	11.87	14.33	21.86	12.50
Dividend Yield	2.68%	2.50%	2.31%	1.95%	1.65%	1.81%	1.51%	1.73%	1.67%	1.27%	1.69%
Earnings Yield	9.53%	10.47%	9.93%	9.00%	7.35%	8.33%	7.38%	8.42%	6.98%	4.57%	8.00%
Enterprise Value to Invested Capital (EV/IC)	1.72	1.85	1.97	2.28	2.66	2.51	2.78	2.41	2.36	2.92	2.04
Enterprise Value to Revenue (EV/Rev)	1.23	1.27	1.35	1.53	1.77	1.61	1.81	1.57	1.58	1.98	1.46
Enterprise Value to EBITDA (EV/EBITDA)	6.63	6.24	6.78	7.42	8.69	7.80	8.44	7.50	8.51	11.31	8.90
Enterprise Value to EBIT (EV/EBIT)	8.97	8.12	8.81	9.50	11.08	9.87	10.54	9.43	11.15	15.37	12.71
Enterprise Value to NOPAT (EV/NOPAT)	11.11	9.79	10.07	10.98	12.74	11.48	13.13	11.71	14.13	19.65	11.67
Enterprise Value to Operating Cash Flow (EV/OCF)	7.40	7.53	8.16	9.20	10.74	10.73	12.91	11.35	14.15	17.93	15.75
Enterprise Value to Free Cash Flow (EV/FCFF)	15.57	14.24	14.04	15.86	17.93	16.79	22.82	18.55	25.66	37.42	129.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.72	0.74	0.74	0.76	0.79	0.81	0.85	0.91	0.94	1.02	1.04
Long-Term Debt to Equity	0.69	0.68	0.74	0.76	0.79	0.81	0.85	0.91	0.94	0.99	1.04
Financial Leverage	0.57	0.53	0.57	0.60	0.65	0.64	0.69	0.76	0.80	0.81	0.88
Leverage Ratio	2.48	2.52	2.55	2.62	2.66	2.75	2.79	2.93	2.95	3.10	3.27
Compound Leverage Factor	1.94	2.27	2.28	2.38	2.38	2.77	2.53	2.32	2.63	2.60	2.89
Debt to Total Capital	42.01%	42.52%	42.46%	43.19%	44.10%	44.74%	45.86%	47.61%	48.42%	50.54%	50.91%
Short-Term Debt to Total Capital	2.12%	3.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.39%	0.00%
Long-Term Debt to Total Capital	39.89%	39.01%	42.46%	43.19%	44.10%	44.74%	45.86%	47.61%	48.42%	49.15%	50.91%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.23%	0.23%	0.31%	0.26%	0.27%	0.25%	0.23%	0.20%	0.18%	0.18%	0.15%
Common Equity to Total Capital	57.75%	57.25%	57.23%	56.55%	55.64%	55.02%	53.91%	52.19%	51.39%	49.28%	48.94%
Debt to EBITDA	1.80	1.67	1.66	1.60	1.62	1.61	1.58	1.70	1.98	2.29	2.54
Net Debt to EBITDA	1.37	1.11	1.19	1.15	1.22	1.13	1.17	1.25	1.51	1.63	1.91
Long-Term Debt to EBITDA	1.71	1.53	1.66	1.60	1.62	1.61	1.58	1.70	1.98	2.23	2.54
Debt to NOPAT	3.01	2.62	2.47	2.37	2.37	2.36	2.46	2.65	3.28	3.98	3.33
Net Debt to NOPAT	2.29	1.74	1.76	1.70	1.78	1.66	1.82	1.94	2.50	2.84	2.50
Long-Term Debt to NOPAT	2.86	2.41	2.47	2.37	2.37	2.36	2.46	2.65	3.28	3.87	3.33
Altman Z-Score	2.91	3.04	3.12	3.29	3.50	3.29	3.47	3.18	3.12	3.29	2.74
Noncontrolling Interest Sharing Ratio	0.44%	0.42%	0.49%	0.43%	0.42%	0.41%	0.37%	0.33%	0.30%	0.30%	0.27%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.98	2.05	2.21	2.13	2.12	2.06	2.14	2.14	2.14	2.05	2.10
Quick Ratio	1.20	1.28	1.38	1.34	1.30	1.27	1.32	1.32	1.34	1.30	1.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-432	-207	-189	-193	-169	-177	-521	-311	-314	-201	-1,504
Operating Cash Flow to CapEx	149.01%	413.64%	282.21%	375.35%	173.31%	414.71%	240.77%	414.17%	53.74%	378.83%	358.57%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.91	0.91	0.93	0.94	0.96	0.96	0.97	0.96	0.95	0.89	0.87
Accounts Receivable Turnover	4.38	4.60	4.41	4.51	4.50	4.85	4.70	4.80	4.70	4.90	5.15
Inventory Turnover	5.86	5.95	5.72	5.74	5.86	6.07	6.02	6.23	6.28	6.43	6.20
Fixed Asset Turnover	4.46	4.58	4.77	4.85	4.94	4.98	5.12	5.18	5.00	4.68	4.50
Accounts Payable Turnover	5.90	5.88	5.98	5.78	5.97	5.95	5.90	6.14	6.25	6.21	6.35
Days Sales Outstanding (DSO)	83.39	79.36	82.76	80.88	81.20	75.22	77.74	76.02	77.59	74.57	70.86
Days Inventory Outstanding (DIO)	62.31	61.34	63.85	63.58	62.26	60.15	60.63	58.59	58.13	56.78	58.87
Days Payable Outstanding (DPO)	61.89	62.02	61.08	63.19	61.10	61.31	61.85	59.46	58.43	58.82	57.50
Cash Conversion Cycle (CCC)	83.81	78.67	85.53	81.27	82.36	74.05	76.52	75.15	77.28	72.52	72.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	16,146	15,734	15,813	15,546	15,428	14,805	14,936	14,553	14,495	13,783	13,595
Invested Capital Turnover	1.43	1.50	1.50	1.54	1.55	1.61	1.60	1.60	1.55	1.53	1.52
Increase / (Decrease) in Invested Capital	718	929	877	993	933	1,022	1,341	1,106	1,086	972	2,163
Enterprise Value (EV)	27,802	29,114	31,163	35,451	41,075	37,099	41,456	35,083	34,163	40,205	27,728
Market Capitalization	22,023	23,886	25,646	29,905	35,283	31,685	35,670	29,223	28,083	34,370	21,754
Book Value per Share	$11.94	$11.96	$11.66	$11.30	$10.84	$10.49	$10.18	$9.64	$9.31	$8.75	$8.40
Tangible Book Value per Share	$8.61	$8.73	$8.45	$8.07	$7.63	$7.31	$7.01	$6.49	$6.18	$5.64	$5.28
Total Capital	17,950	18,352	17,991	17,684	17,319	17,069	16,972	16,658	16,374	16,129	15,572
Total Debt	7,541	7,804	7,639	7,638	7,637	7,636	7,783	7,931	7,929	8,152	7,927
Total Long-Term Debt	7,160	7,160	7,639	7,638	7,637	7,636	7,783	7,931	7,929	7,928	7,927
Net Debt	5,737	5,186	5,461	5,500	5,746	5,372	5,747	5,826	6,050	5,806	5,950
Capital Expenditures (CapEx)	253	352	298	288	281	340	363	254	227	307	210
Debt-free, Cash-free Net Working Capital (DFCFNWC)	4,283	4,358	4,405	4,164	4,153	3,671	4,145	3,992	4,100	3,485	3,466
Debt-free Net Working Capital (DFNWC)	6,087	6,976	6,583	6,302	6,044	5,935	6,181	6,097	5,979	5,831	5,443
Net Working Capital (NWC)	5,706	6,332	6,583	6,302	6,044	5,935	6,181	6,097	5,979	5,607	5,443
Net Nonoperating Expense (NNE)	83	108	108	87	155	184	96	173	117	106	110
Net Nonoperating Obligations (NNO)	5,737	5,186	5,461	5,500	5,746	5,372	5,747	5,826	6,050	5,806	5,950
Total Depreciation and Amortization (D&A)	277	275	270	271	263	256	256	245	241	236	234
Debt-free, Cash-free Net Working Capital to Revenue	18.99%	18.99%	19.09%	17.96%	17.94%	15.95%	18.13%	17.81%	18.90%	17.17%	18.25%
Debt-free Net Working Capital to Revenue	26.99%	30.40%	28.53%	27.19%	26.11%	25.78%	27.04%	27.20%	27.57%	28.73%	28.66%
Net Working Capital to Revenue	25.30%	27.60%	28.53%	27.19%	26.11%	25.78%	27.04%	27.20%	27.57%	27.62%	28.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.24	$0.00	$650,000.00	$800,000.00	$680,000.00	$0.00	$800,000.00	$680,000.00	$720,000.00	$0.00	$600,000.00
Adjusted Weighted Average Basic Shares Outstanding	866M	882M	881M	884M	889M	899M	898M	901M	904M	904M	908M
Adjusted Diluted Earnings per Share	$0.24	$0.00	$650,000.00	$800,000.00	$680,000.00	$0.00	$790,000.00	$680,000.00	$720,000.00	$0.00	$600,000.00
Adjusted Weighted Average Diluted Shares Outstanding	866M	883M	881M	886M	891M	902M	902M	903M	907M	908M	910M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	859.72M	868.09M	878.50M	1.77B	1.77B	1.78B	1.79B	1.80B	1.80B	1.81B	1.82B
Normalized Net Operating Profit after Tax (NOPAT)	522	722	780	800	764	845	820	795	772	771	659
Normalized NOPAT Margin	9.64%	12.86%	13.69%	13.71%	13.16%	14.73%	14.12%	13.72%	13.60%	13.81%	12.30%
Pre Tax Income Margin	5.65%	14.14%	12.88%	15.77%	13.56%	14.55%	15.78%	13.50%	14.60%	15.08%	13.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.25%	23.85%	23.22%	21.76%	22.25%	21.64%	20.29%	20.35%	23.77%	27.27%	20.89%
Augmented Payout Ratio	75.88%	63.79%	60.28%	56.93%	58.56%	51.69%	48.42%	44.36%	41.39%	42.95%	20.89%

Frequently Asked Questions About Halliburton's Financials

When does Halliburton's fiscal year end?

According to the most recent income statement we have on file, Halliburton's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Halliburton's net income changed over the last 9 years?

Halliburton's net income appears to be on a downward trend, with a most recent value of $2.52 billion in 2024, falling from -$667 million in 2015. The previous period was $2.66 billion in 2023. Find out what analysts predict for Halliburton in the coming months.

What is Halliburton's operating income?

Halliburton's total operating income in 2024 was $3.82 billion, based on the following breakdown:

Total Gross Profit: $4.30 billion
Total Operating Expenses: $479 million

How has Halliburton revenue changed over the last 9 years?

Over the last 9 years, Halliburton's total revenue changed from $23.63 billion in 2015 to $22.94 billion in 2024, a change of -2.9%.

How much debt does Halliburton have?

Halliburton's total liabilities were at $15.04 billion at the end of 2024, a 1.4% decrease from 2023, and a 29.9% decrease since 2015.

How much cash does Halliburton have?

In the past 9 years, Halliburton's cash and equivalents has ranged from $2.01 billion in 2018 to $10.08 billion in 2015, and is currently $2.62 billion as of their latest financial filing in 2024.

How has Halliburton's book value per share changed over the last 9 years?

Over the last 9 years, Halliburton's book value per share changed from 18.07 in 2015 to 11.96 in 2024, a change of -33.8%.

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This page (NYSE:HAL) was last updated on 5/20/2025 by MarketBeat.com Staff

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Halliburton (HAL) Financials

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Halliburton (HAL) Financials

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