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Halliburton (HAL) Financials

Halliburton logo
$39.84 +0.72 (+1.85%)
Closing price 05/8/2026 03:59 PM Eastern
Extended Trading
$39.88 +0.04 (+0.09%)
As of 05/8/2026 07:52 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Halliburton

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -671 -5,763 -463 1,656 -1,131 -2,945 1,457 1,572 2,638 2,501 1,283
Consolidated Net Income / (Loss)		 -667 -5,769 -468 1,657 -1,129 -2,942 1,468 1,595 2,662 2,516 1,292
Net Income / (Loss) Continuing Operations		 -662 -5,767 -449 1,657 -1,129 -2,942 1,468 1,595 2,772 2,516 1,292
Total Pre-Tax Income 		-936 -7,625 682 1,814 -1,122 -3,220 1,252 2,110 3,363 3,234 1,771
Total Operating Income		 -165 -6,770 1,374 2,467 -448 -2,436 1,800 2,707 4,083 3,822 2,260
Total Gross Profit		 2,520 870 2,277 2,986 2,285 1,545 2,016 3,313 4,360 4,301 3,484
Total Revenue		 23,633 15,887 20,620 23,995 22,408 14,445 15,295 20,297 23,018 22,944 22,184
Operating Revenue		 23,633 15,887 20,620 23,995 22,408 14,445 15,295 20,297 23,018 22,944 22,184
Total Cost of Revenue		 21,113 15,017 18,343 21,009 20,123 12,900 13,279 16,984 18,658 18,643 18,700
Operating Cost of Revenue		 21,113 15,017 18,343 21,009 20,123 12,900 13,279 16,984 18,658 18,643 18,700
Total Operating Expenses		 2,685 7,640 903 519 2,733 3,981 216 606 277 479 1,224
Selling, General & Admin Expense		 200 226 256 254 227 182 204 240 226 239 239
Other Operating Expenses / (Income)		 - - - - - - 0.00 0.00 51 124 154
Restructuring Charge		 2,485 7,414 647 265 2,506 3,799 12 366 0.00 116 831
Total Other Income / (Expense), net		 -771 -855 -692 -653 -674 -784 -554 -597 -610 -580 -480
Interest & Investment Income		 -447 -639 -593 -554 -569 -505 -520 -463 -395 -353 -352
Other Income / (Expense), net		 -324 -216 -99 -99 -105 -111 -34 -92 -215 -227 -128
Income Tax Expense		 -274 -1,858 1,131 157 7.00 -278 -216 515 701 718 479
Net Income / (Loss) Attributable to Noncontrolling Interest		 4.00 -6.00 -5.00 1.00 2.00 3.00 11 23 24 15 9.00
Basic Earnings per Share		 - - - $1.89 ($1.29) - - - $0.00 $0.00 $0.00
Weighted Average Basic Shares Outstanding		 853M 861M 870M 875M 875M 881M 892M 904M 899M 882M 853M
Diluted Earnings per Share		 ($0.79) ($6.69) ($0.53) $1.89 ($1.29) - - - $0.00 $0.00 $0.00
Weighted Average Diluted Shares Outstanding		 853M 861M 870M 877M 875M 881M 892M 908M 902M 883M 853M
Weighted Average Basic & Diluted Shares Outstanding		 853M 861M 870M 872.54M 875M 881M 892M 1.81B 1.78B 868.09M 837.55M

Quarterly Income Statements for Halliburton

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 716 661 606 709 571 615 204 472 18 589 461
Consolidated Net Income / (Loss)		 724 661 609 713 580 614 203 480 20 589 464
Net Income / (Loss) Continuing Operations		 724 563 609 713 580 614 203 480 20 589 464
Total Pre-Tax Income 		916 835 787 920 734 793 306 611 219 635 569
Total Operating Income		 1,037 1,058 987 1,032 871 932 431 727 356 746 679
Total Gross Profit		 1,118 1,133 1,082 1,123 1,070 1,026 879 819 856 930 783
Total Revenue		 5,804 5,739 5,804 5,833 5,697 5,610 5,417 5,510 5,600 5,657 5,402
Operating Revenue		 5,804 5,739 5,804 5,833 5,697 5,610 5,417 5,510 5,600 5,657 5,402
Total Cost of Revenue		 4,686 4,606 4,722 4,710 4,627 4,584 4,538 4,691 4,744 4,727 4,619
Operating Cost of Revenue		 4,686 4,606 4,722 4,710 4,627 4,584 4,538 4,691 4,744 4,727 4,619
Total Operating Expenses		 81 75 95 91 199 94 448 92 500 184 104
Selling, General & Admin Expense		 58 60 61 62 55 61 62 60 58 59 62
Other Operating Expenses / (Income)		 23 15 34 29 28 33 30 32 50 42 42
Restructuring Charge		 0.00 - 0.00 0.00 116 - 356 0.00 392 83 0.00
Total Other Income / (Expense), net		 -121 -327 -200 -112 -137 -139 -125 -116 -137 -102 -110
Interest & Investment Income		 -94 -98 -92 -92 -85 -84 -86 -92 -88 -86 -82
Other Income / (Expense), net		 -27 -229 -108 -20 -52 -55 -39 -24 -49 -16 -28
Income Tax Expense		 192 168 178 207 154 179 103 131 199 46 105
Net Income / (Loss) Attributable to Noncontrolling Interest		 8.00 6.00 3.00 4.00 9.00 -1.00 -1.00 8.00 2.00 - 3.00
Basic Earnings per Share		 $800,000.00 - $0.68 $0.80 $0.65 - $0.24 $0.55 $0.02 ($0.81) $0.55
Weighted Average Basic Shares Outstanding		 898M 899M 889M 884M 881M 882M 866M 857M 849M 853M 837M
Diluted Earnings per Share		 $790,000.00 - $0.68 $0.80 $0.65 - $0.24 $0.55 $0.02 ($0.81) $0.55
Weighted Average Diluted Shares Outstanding		 902M 902M 891M 886M 881M 883M 866M 857M 850M 853M 839M
Weighted Average Basic & Diluted Shares Outstanding		 1.79B 1.78B 1.77B 1.77B 878.50M 868.09M 859.72M 852.60M 841.63M 837.55M 835.40M
Cash Dividends to Common per Share		 $0.16 - $0.17 $0.17 $0.17 - $0.17 $0.17 $0.17 - $0.17

Annual Cash Flow Statements for Halliburton

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 7,786 -6,068 -1,672 -329 260 295 481 -698 -82 354 -412
Net Cash From Operating Activities		 2,906 -1,703 2,468 3,157 2,445 1,881 1,911 2,242 3,458 3,865 2,926
Net Cash From Continuing Operating Activities		 2,906 -1,703 2,468 3,157 2,445 1,881 1,911 2,242 3,458 3,865 2,926
Net Income / (Loss) Continuing Operations		 -667 -5,769 -468 1,657 -1,129 -2,942 1,468 1,595 2,662 2,516 1,292
Consolidated Net Income / (Loss)		 -667 -5,769 -468 1,657 -1,129 -2,942 1,468 1,595 2,662 2,516 1,292
Depreciation Expense		 1,835 1,503 1,556 1,606 1,625 1,058 904 940 998 1,079 1,136
Non-Cash Adjustments To Reconcile Net Income		 944 2,832 1,272 614 2,650 3,759 -260 578 113 225 279
Changes in Operating Assets and Liabilities, net		 794 -269 108 -720 -701 6.00 -201 -871 -315 45 219
Net Cash From Investing Activities		 -2,192 -710 -1,927 -1,993 -1,445 -486 -534 -967 -1,659 -1,654 -1,325
Net Cash From Continuing Investing Activities		 -2,192 -710 -1,927 -1,993 -1,445 -486 -534 -967 -1,659 -1,654 -1,325
Purchase of Property, Plant & Equipment		 -2,184 -798 -1,373 -2,026 -1,530 -728 -799 -1,011 -1,379 -1,442 -1,254
Acquisitions		 -39 -31 -628 -187 - - - - -13 -166 -548
Purchase of Investments		 - -92 - - - - -5.00 -75 -492 -438 -202
Sale of Property, Plant & Equipment		 168 222 158 218 190 286 257 200 195 223 185
Divestitures		 - - - - - - - - 0.00 0.00 120
Sale and/or Maturity of Investments		 - 96 - - - 0.00 87 0.00 131 214 444
Other Investing Activities, net		 -137 -107 -84 2.00 -105 -44 -74 -81 -101 -45 -70
Net Cash From Financing Activities		 7,081 -3,540 -2,161 -1,419 -695 -1,007 -838 -1,798 -1,671 -1,730 -1,987
Net Cash From Continuing Financing Activities		 7,081 -3,540 -2,161 -1,419 -695 -1,007 -838 -1,798 -1,671 -1,730 -1,987
Repayment of Debt		 88 -3,171 -1,693 -584 -13 -1,654 -700 -1,242 -305 -100 -389
Repurchase of Common Equity		 - 0.00 0.00 -400 -100 -100 0.00 -250 -800 -1,005 -1,007
Payment of Dividends		 -614 -620 -626 -630 -630 -278 -161 -435 -576 -600 -579
Issuance of Debt		 7,440 65 - 0.00 -70 938 -56 -100 -126 -130 -110
Other Financing Activities, net		 167 186 158 195 118 87 79 229 136 105 98
Effect of Exchange Rate Changes		 -9.00 -115 -52 -74 -45 -93 -58 -175 -210 -127 -26
Cash Interest Paid		 380 659 594 556 534 509 517 487 460 441 432
Cash Income Taxes Paid		 370 -20 -178 178 363 300 214 354 616 538 639

Quarterly Cash Flow Statements for Halliburton

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -69 228 -373 247 40 440 -814 234 -12 180 -203
Net Cash From Operating Activities		 874 1,410 487 1,081 841 1,456 377 896 488 1,165 273
Net Cash From Continuing Operating Activities		 874 1,410 487 1,081 841 1,456 377 896 488 1,165 273
Net Income / (Loss) Continuing Operations		 724 667 609 713 580 614 203 480 20 589 464
Consolidated Net Income / (Loss)		 724 667 609 713 580 614 203 480 20 589 464
Depreciation Expense		 256 256 263 271 270 275 277 284 285 290 295
Non-Cash Adjustments To Reconcile Net Income		 103 4.00 -44 121 271 -123 51 -122 394 -44 -234
Changes in Operating Assets and Liabilities, net		 -209 483 -341 -24 -280 690 -154 254 -211 330 -252
Net Cash From Investing Activities		 -428 -535 -381 -393 -436 -444 -784 -256 -86 -199 -243
Net Cash From Continuing Investing Activities		 -428 -535 -381 -393 -436 -444 -784 -256 -86 -199 -243
Purchase of Property, Plant & Equipment		 -409 -399 -330 -347 -339 -426 -302 -354 -261 -337 -192
Acquisitions		 - - 0.00 - - - -461 -46 -11 -30 -97
Purchase of Investments		 -31 -191 -88 - -38 -118 -96 -19 -13 -74 -2.00
Sale of Property, Plant & Equipment		 46 59 49 59 41 74 49 40 49 47 42
Divestitures		 - - - - - - 0.00 - - - 0.00
Sale and/or Maturity of Investments		 9.00 19 0.00 - 14 77 41 24 163 216 27
Other Investing Activities, net		 -55 -23 -12 76 -136 -51 -15 -21 -13 -21 -21
Net Cash From Financing Activities		 -483 -544 -422 -416 -347 -545 -406 -405 -405 -771 -237
Net Cash From Continuing Financing Activities		 -483 -544 -422 -416 -347 -545 -406 -405 -405 -771 -237
Repayment of Debt		 - -155 0.00 - - -100 0.00 - - -389 0.00
Repurchase of Common Equity		 -198 -254 -250 -250 -196 -309 -250 -257 -250 -250 -100
Payment of Dividends		 -144 -143 -151 -151 -150 -148 -147 -145 -144 -143 -142
Issuance of Debt		 9.00 -128 -21 -15 -1.00 -93 -9.00 -3.00 -11 -87 5.00
Other Financing Activities, net		 - - 0.00 - - - 0.00 - - 98 0.00
Effect of Exchange Rate Changes		 -32 -103 -57 -25 -18 -27 -1.00 -1.00 -9.00 -15 4.00
Cash Interest Paid		 127 105 118 100 118 105 116 98 116 102 114
Cash Income Taxes Paid		 140 88 95 188 86 169 165 217 136 121 102

Annual Balance Sheets for Halliburton

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 36,942 27,000 25,085 25,982 25,377 20,680 22,321 23,255 24,683 25,587 25,010
Total Current Assets		 20,070 11,677 10,777 11,151 11,212 9,475 9,943 10,952 11,543 12,382 11,398
Cash & Equivalents		 10,077 4,009 2,337 2,008 2,268 2,563 3,044 2,346 2,264 2,618 2,206
Accounts Receivable		 5,317 3,922 5,036 5,234 4,577 3,071 3,666 4,627 4,860 5,117 4,942
Inventories, net		 2,993 2,275 2,396 3,028 3,139 2,349 2,361 2,923 3,226 3,040 2,976
Other Current Assets		 1,156 886 1,008 881 1,228 1,492 872 1,056 1,193 1,607 1,274
Plant, Property, & Equipment, net		 12,117 8,532 8,521 8,873 7,310 4,325 4,326 4,348 4,900 5,113 5,261
Total Noncurrent Assets		 4,755 6,791 5,787 5,958 6,855 3,890 8,052 7,955 8,240 8,092 8,351
Goodwill		 2,385 2,414 2,693 2,825 2,812 2,804 2,843 2,829 2,850 2,838 2,938
Noncurrent Deferred & Refundable Income Taxes		 552 1,960 1,230 1,384 1,683 - 2,695 2,636 2,505 2,339 2,298
Other Noncurrent Operating Assets		 1,818 2,417 1,864 1,749 2,360 1,910 2,514 2,490 2,885 2,915 3,115
Total Liabilities & Shareholders' Equity		 36,942 27,000 25,085 25,982 25,377 20,680 22,321 23,255 24,683 25,587 25,010
Total Liabilities		 21,447 17,552 16,736 16,438 17,352 15,697 15,593 15,278 15,250 15,039 14,505
Total Current Liabilities		 5,337 4,023 4,862 4,802 4,878 4,421 4,306 5,345 5,608 6,050 5,588
Short-Term Debt		 659 170 512 - 11 - - 224 0.00 381 0.00
Accounts Payable		 2,019 1,764 2,554 3,018 2,432 1,573 2,353 3,121 3,147 3,189 3,133
Current Deferred & Payable Income Tax Liabilities		 293 218 231 248 310 508 553 294 390 449 375
Current Employee Benefit Liabilities		 862 544 746 714 604 517 493 634 689 711 767
Other Taxes Payable		 - - - - - - - 349 370 328 291
Other Current Liabilities		 806 697 819 822 1,521 1,128 907 723 1,012 992 1,022
Total Noncurrent Liabilities		 16,110 13,529 11,874 11,636 12,474 11,276 11,287 9,933 9,642 8,989 8,917
Long-Term Debt		 14,687 12,214 10,430 10,312 10,316 9,132 9,127 7,928 7,636 7,160 7,158
Noncurrent Employee Benefit Liabilities		 479 574 609 483 525 562 492 408 408 414 428
Other Noncurrent Operating Liabilities		 944 741 835 841 1,633 1,582 1,668 1,597 1,598 1,415 1,331
Total Equity & Noncontrolling Interests		 15,495 9,448 8,349 9,544 8,025 4,983 6,728 7,977 9,433 10,548 10,505
Total Preferred & Common Equity		 15,462 9,409 8,322 9,522 8,012 4,974 6,713 7,948 9,391 10,506 10,461
Total Common Equity		 15,462 9,409 8,322 9,522 8,012 4,974 6,713 7,948 9,391 10,506 10,461
Common Stock		 2,951 2,875 2,880 2,882 2,812 2,666 2,697 2,714 2,726 2,741 2,771
Retained Earnings		 20,524 14,141 12,668 13,739 11,989 8,691 9,710 10,572 12,536 14,332 15,036
Treasury Stock		 -7,650 -7,153 -6,757 -6,744 -6,427 -6,021 -5,511 -5,108 -5,540 -6,214 -6,983
Accumulated Other Comprehensive Income / (Loss)		 -363 -454 -469 -355 -362 -362 -183 -230 -331 -353 -363
Noncontrolling Interest		 33 39 27 22 13 9.00 15 29 42 42 44

Quarterly Balance Sheets for Halliburton

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 24,073 24,442 24,683 24,654 25,152 25,331 25,587 25,179 25,377 25,164 25,142
Total Current Assets		 11,443 11,600 11,543 11,423 11,878 12,043 12,382 11,529 11,671 11,638 11,535
Cash & Equivalents		 2,105 2,036 2,264 1,891 2,138 2,178 2,618 1,804 2,038 2,026 2,003
Accounts Receivable		 4,946 5,124 4,860 5,103 5,327 5,339 5,117 5,204 4,970 5,161 5,197
Inventories, net		 3,241 3,336 3,226 3,258 3,282 3,194 3,040 3,044 3,071 3,095 3,019
Other Current Assets		 1,151 1,104 1,193 1,171 1,131 1,332 1,607 1,477 1,592 1,356 1,316
Plant, Property, & Equipment, net		 4,483 4,733 4,900 4,973 5,073 4,945 5,113 5,149 5,246 5,174 5,182
Total Noncurrent Assets		 8,147 8,109 8,240 8,258 8,201 8,343 8,092 8,501 8,460 8,352 8,425
Goodwill		 2,840 2,850 2,850 2,850 2,858 2,838 2,838 2,891 2,964 2,938 2,992
Noncurrent Deferred & Refundable Income Taxes		 2,570 2,517 2,505 2,472 2,420 2,446 2,339 2,345 2,327 2,260 2,339
Other Noncurrent Operating Assets		 2,737 2,742 2,885 2,936 2,923 3,059 2,915 3,265 3,169 3,154 3,094
Total Liabilities & Shareholders' Equity		 24,073 24,442 24,683 24,654 25,152 25,331 25,587 25,179 25,377 25,164 25,142
Total Liabilities		 15,346 15,253 15,250 14,972 15,106 14,979 15,039 14,770 14,830 14,918 14,317
Total Current Liabilities		 5,346 5,419 5,608 5,379 5,576 5,460 6,050 5,823 5,844 5,954 5,537
Short-Term Debt		 - - 0.00 - - - 644 381 381 382 90
Accounts Payable		 3,188 3,238 3,147 3,092 3,295 3,009 3,189 3,168 3,231 3,182 3,211
Current Deferred & Payable Income Tax Liabilities		 267 266 390 428 402 482 449 362 341 354 384
Current Employee Benefit Liabilities		 567 643 689 542 619 690 711 632 616 745 622
Other Taxes Payable		 350 332 370 311 294 281 328 237 250 273 250
Other Current Liabilities		 974 940 1,012 1,006 966 998 729 1,043 1,025 1,018 980
Total Noncurrent Liabilities		 10,000 9,834 9,642 9,593 9,530 9,519 8,989 8,947 8,986 8,964 8,780
Long-Term Debt		 7,931 7,783 7,636 7,637 7,638 7,639 7,160 7,160 7,163 7,157 7,070
Noncurrent Employee Benefit Liabilities		 385 392 408 381 375 392 414 389 406 421 395
Other Noncurrent Operating Liabilities		 1,684 1,659 1,598 1,575 1,517 1,488 1,415 1,398 1,417 1,386 1,315
Total Equity & Noncontrolling Interests		 8,727 9,189 9,433 9,682 10,046 10,352 10,548 10,409 10,547 10,246 10,825
Total Preferred & Common Equity		 8,693 9,150 9,391 9,636 10,000 10,296 10,506 10,367 10,505 10,203 10,780
Total Common Equity		 8,693 9,150 9,391 9,636 10,000 10,296 10,506 10,367 10,505 10,203 10,780
Common Stock		 2,663 2,689 2,726 2,662 2,663 2,700 2,741 2,720 2,692 2,733 2,752
Retained Earnings		 11,459 12,018 12,536 12,988 13,450 13,865 14,332 14,389 14,716 14,590 15,355
Treasury Stock		 -5,201 -5,330 -5,540 -5,682 -5,781 -5,940 -6,214 -6,383 -6,547 -6,766 -6,984
Accumulated Other Comprehensive Income / (Loss)		 -228 -227 -331 -332 -332 -329 -353 -359 -356 -354 -343
Noncontrolling Interest		 34 39 42 46 46 56 42 42 42 43 45

Annual Metrics And Ratios for Halliburton

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -28.10% -32.78% 29.79% 16.37% -6.61% -35.54% 5.88% 32.70% 13.41% -0.32% -3.31%
EBITDA Growth		 -81.36% -507.36% 151.63% 40.37% -73.02% -238.90% 279.32% 33.15% 33.78% -1.89% -30.08%
EBIT Growth		 -109.60% -1,328.63% 118.25% 85.73% -123.35% -360.58% 169.34% 48.07% 43.71% -4.55% -40.70%
NOPAT Growth		 -103.11% -4,003.03% 80.91% 349.12% -113.92% -443.75% 223.77% -3.04% 57.94% -8.00% -44.55%
Net Income Growth		 -119.05% -764.92% 91.89% 454.06% -168.14% -160.58% 149.90% 8.65% 66.90% -5.48% -48.65%
EPS Growth		 -119.22% -746.84% 92.08% 456.60% -168.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 -28.46% -158.60% 244.92% 27.92% -22.55% -23.07% 1.59% 17.32% 54.24% 11.77% -24.30%
Free Cash Flow Firm Growth		 -9.96% -298.35% 98.02% 3,920.54% 6.69% 253.13% -128.18% 174.42% 105.71% -7.49% -27.94%
Invested Capital Growth		 -4.69% -14.16% -4.88% 5.27% -9.88% -42.45% 38.39% 7.59% 7.41% 6.27% -0.09%
Revenue Q/Q Growth		 -13.50% -6.26% 10.26% -0.02% -3.22% -11.92% 7.30% 6.87% 0.69% -0.56% 0.21%
EBITDA Q/Q Growth		 -51.89% -1.80% 16.65% 7.14% -68.59% 49.13% 34.71% 14.05% -3.16% 1.46% -3.88%
EBIT Q/Q Growth		 -160.52% -1.17% 45.22% 11.07% -131.82% 38.30% 63.52% 19.84% -4.45% 1.36% -6.45%
NOPAT Q/Q Growth		 -116.33% -0.37% -210.86% 778.80% -117.02% 38.98% 162.41% -13.92% 2.34% -3.96% -1.27%
Net Income Q/Q Growth		 -352.65% -2.25% -329.41% 910.37% -194.64% 32.66% 254.59% -9.22% -0.15% -1.83% -1.90%
EPS Q/Q Growth		 -363.33% 0.00% 0.00% 894.74% -194.85% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -8.33% 9.27% -1.91% -4.79% 14.79% -21.95% 2.36% 27.31% 7.69% 1.20% -9.05%
Free Cash Flow Firm Q/Q Growth		 -69.50% 59.45% -102.78% 21.01% 91.37% 83.27% -163.11% 401.87% 21.62% -7.86% -3.55%
Invested Capital Q/Q Growth		 9.05% -4.95% -7.28% 2.46% -13.08% -28.32% 12.06% 1.38% -0.88% -0.50% -1.92%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 10.66% 5.48% 11.04% 12.44% 10.20% 10.70% 13.18% 16.32% 18.94% 18.75% 15.71%
EBITDA Margin		 5.70% -34.51% 13.73% 16.56% 4.78% -10.31% 17.46% 17.51% 20.66% 20.34% 14.73%
Operating Margin		 -0.70% -42.61% 6.66% 10.28% -2.00% -16.86% 11.77% 13.34% 17.74% 16.66% 10.19%
EBIT Margin		 -2.07% -43.97% 6.18% 9.87% -2.47% -17.63% 11.55% 12.88% 16.33% 15.63% 9.61%
Profit (Net Income) Margin		 -2.82% -36.31% -2.27% 6.91% -5.04% -20.37% 9.60% 7.86% 11.56% 10.97% 5.82%
Tax Burden Percent		 71.26% 75.66% -68.62% 91.35% 100.62% 91.37% 117.25% 75.59% 79.16% 77.80% 72.95%
Interest Burden Percent		 191.41% 109.15% 53.49% 76.60% 202.89% 126.42% 70.89% 80.69% 89.49% 90.16% 83.07%
Effective Tax Rate		 0.00% 0.00% 165.84% 8.65% 0.00% 0.00% -17.25% 24.41% 20.84% 22.20% 27.05%
Return on Invested Capital (ROIC)		 -0.54% -24.56% -5.20% 12.95% -1.85% -13.46% 19.13% 15.39% 22.61% 19.47% 10.66%
ROIC Less NNEP Spread (ROIC-NNEP)		 -10.80% -39.66% -0.06% 5.90% -11.81% -33.51% 6.72% 7.80% 12.41% 10.81% 3.44%
Return on Net Nonoperating Assets (RNNOA)		 -3.65% -21.69% -0.06% 5.57% -11.00% -31.78% 5.94% 6.30% 7.97% 5.71% 1.61%
Return on Equity (ROE)		 -4.20% -46.26% -5.26% 18.52% -12.85% -45.23% 25.07% 21.69% 30.58% 25.18% 12.27%
Cash Return on Invested Capital (CROIC)		 4.26% -9.32% -0.20% 7.81% 8.55% 40.42% -13.08% 8.08% 15.46% 13.39% 10.75%
Operating Return on Assets (OROA)		 -1.42% -21.85% 4.90% 9.27% -2.15% -11.06% 8.21% 11.48% 15.68% 14.27% 8.43%
Return on Assets (ROA)		 -1.93% -18.04% -1.80% 6.49% -4.40% -12.78% 6.83% 7.00% 11.11% 10.01% 5.11%
Return on Common Equity (ROCE)		 -4.19% -46.12% -5.24% 18.47% -12.83% -45.16% 25.02% 21.63% 30.46% 25.08% 12.22%
Return on Equity Simple (ROE_SIMPLE)		 -4.31% -61.31% -5.62% 17.40% -14.09% -59.15% 21.87% 20.07% 28.35% 23.95% 0.00%
Net Operating Profit after Tax (NOPAT)		 -116 -4,739 -905 2,253 -314 -1,705 2,111 2,046 3,232 2,973 1,649
NOPAT Margin		 -0.49% -29.83% -4.39% 9.39% -1.40% -11.80% 13.80% 10.08% 14.04% 12.96% 7.43%
Net Nonoperating Expense Percent (NNEP)		 10.25% 15.10% -5.14% 7.06% 9.97% 20.06% 12.41% 7.59% 10.20% 8.67% 7.23%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 12.69% 18.93% 16.20% 9.33%
Cost of Revenue to Revenue		 89.34% 94.52% 88.96% 87.56% 89.80% 89.30% 86.82% 83.68% 81.06% 81.25% 84.30%
SG&A Expenses to Revenue		 0.85% 1.42% 1.24% 1.06% 1.01% 1.26% 1.33% 1.18% 0.98% 1.04% 1.08%
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		 11.36% 48.09% 4.38% 2.16% 12.20% 27.56% 1.41% 2.99% 1.20% 2.09% 5.52%
Earnings before Interest and Taxes (EBIT)		 -489 -6,986 1,275 2,368 -553 -2,547 1,766 2,615 3,758 3,587 2,132
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,346 -5,483 2,831 3,974 1,072 -1,489 2,670 3,555 4,756 4,666 3,268
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.62 4.36 4.57 2.22 2.51 3.21 2.94 4.32 3.37 2.27 2.27
Price to Tangible Book Value (P/TBV)		 1.92 5.86 6.75 3.16 3.87 7.36 5.10 6.71 4.84 3.12 3.16
Price to Revenue (P/Rev)		 1.06 2.58 1.84 0.88 0.90 1.11 1.29 1.69 1.38 1.04 1.07
Price to Earnings (P/E)		 0.00 0.00 0.00 12.76 0.00 0.00 13.55 21.86 12.01 9.55 18.54
Dividend Yield		 2.45% 1.52% 1.65% 2.98% 3.14% 1.74% 0.82% 1.27% 1.81% 2.50% 2.41%
Earnings Yield		 0.00% 0.00% 0.00% 7.84% 0.00% 0.00% 7.38% 4.57% 8.33% 10.47% 5.39%
Enterprise Value to Invested Capital (EV/IC)		 1.47 2.77 2.75 1.65 1.75 2.44 2.02 2.92 2.51 1.85 1.86
Enterprise Value to Revenue (EV/Rev)		 1.29 3.11 2.26 1.23 1.26 1.56 1.69 1.98 1.61 1.27 1.30
Enterprise Value to EBITDA (EV/EBITDA)		 22.60 0.00 16.48 7.41 26.32 0.00 9.68 11.31 7.80 6.24 8.81
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 36.59 12.44 0.00 0.00 14.63 15.37 9.87 8.12 13.50
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 13.07 0.00 0.00 12.24 19.65 11.48 9.79 17.46
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.47 0.00 18.90 9.33 11.54 11.99 13.52 17.93 10.73 7.53 9.84
Enterprise Value to Free Cash Flow (EV/FCFF)		 33.56 0.00 0.00 21.67 19.45 4.40 0.00 37.42 16.79 14.24 17.31
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.99 1.31 1.31 1.08 1.29 1.83 1.36 1.02 0.81 0.74 0.68
Long-Term Debt to Equity		 0.95 1.29 1.25 1.08 1.29 1.83 1.36 0.99 0.81 0.68 0.68
Financial Leverage		 0.34 0.55 0.95 0.95 0.93 0.95 0.88 0.81 0.64 0.53 0.47
Leverage Ratio		 2.17 2.56 2.93 2.85 2.92 3.54 3.67 3.10 2.75 2.52 2.40
Compound Leverage Factor		 4.16 2.80 1.57 2.19 5.93 4.48 2.60 2.50 2.46 2.27 2.00
Debt to Total Capital		 49.76% 56.72% 56.72% 51.93% 56.27% 64.70% 57.57% 50.54% 44.74% 42.52% 40.53%
Short-Term Debt to Total Capital		 2.14% 0.78% 2.65% 0.00% 0.06% 0.00% 0.00% 1.39% 0.00% 3.51% 0.00%
Long-Term Debt to Total Capital		 47.62% 55.95% 54.07% 51.93% 56.21% 64.70% 57.57% 49.15% 44.74% 39.01% 40.53%
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		 0.11% 0.18% 0.14% 0.11% 0.07% 0.06% 0.09% 0.18% 0.25% 0.23% 0.25%
Common Equity to Total Capital		 50.13% 43.10% 43.14% 47.96% 43.66% 35.24% 42.34% 49.28% 55.02% 57.25% 59.23%
Debt to EBITDA		 11.40 -2.26 3.87 2.59 9.63 -6.13 3.42 2.29 1.61 1.67 2.19
Net Debt to EBITDA		 3.91 -1.53 3.04 2.09 7.52 -4.41 2.28 1.63 1.13 1.11 1.52
Long-Term Debt to EBITDA		 10.91 -2.23 3.68 2.59 9.62 -6.13 3.42 2.23 1.61 1.53 2.19
Debt to NOPAT		 -132.87 -2.61 -12.10 4.58 -32.93 -5.36 4.32 3.98 2.36 2.62 4.34
Net Debt to NOPAT		 -45.62 -1.77 -9.51 3.69 -25.70 -3.85 2.88 2.84 1.66 1.74 3.00
Long-Term Debt to NOPAT		 -127.16 -2.58 -11.53 4.58 -32.90 -5.36 4.32 3.87 2.36 2.41 4.34
Altman Z-Score		 2.56 2.21 3.34 3.03 2.47 1.78 2.62 3.52 3.68 3.39 3.27
Noncontrolling Interest Sharing Ratio		 0.20% 0.29% 0.37% 0.27% 0.20% 0.17% 0.20% 0.30% 0.41% 0.42% 0.41%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.76 2.90 2.22 2.32 2.30 2.14 2.31 2.05 2.06 2.05 2.04
Quick Ratio		 2.88 1.97 1.52 1.51 1.40 1.27 1.56 1.30 1.27 1.28 1.28
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 907 -1,798 -36 1,359 1,450 5,122 -1,443 1,074 2,210 2,044 1,663
Operating Cash Flow to CapEx		 144.15% -295.66% 203.13% 174.61% 182.46% 425.57% 352.58% 276.45% 292.06% 317.06% 273.71%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 30.49 0.00 25.58 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 11.20 0.00 53.38 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 8.57 0.00 34.07 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.68 0.50 0.79 0.94 0.87 0.63 0.71 0.89 0.96 0.91 0.88
Accounts Receivable Turnover		 3.67 3.44 4.60 4.67 4.57 3.78 4.54 4.90 4.85 4.60 4.41
Inventory Turnover		 6.43 5.70 7.85 7.75 6.53 4.70 5.64 6.43 6.07 5.95 6.22
Fixed Asset Turnover		 1.92 1.54 2.42 2.76 2.77 2.48 3.54 4.68 4.98 4.58 4.28
Accounts Payable Turnover		 8.74 7.94 8.50 7.54 7.38 6.44 6.76 6.21 5.95 5.88 5.92
Days Sales Outstanding (DSO)		 99.47 106.13 79.28 78.11 79.90 96.63 80.39 74.57 75.22 79.36 82.75
Days Inventory Outstanding (DIO)		 56.74 64.02 46.47 47.12 55.93 77.64 64.73 56.78 60.15 61.34 58.71
Days Payable Outstanding (DPO)		 41.78 45.97 42.96 48.40 49.43 56.66 53.96 58.82 61.31 62.02 61.70
Cash Conversion Cycle (CCC)		 114.43 124.18 82.80 76.83 86.41 117.61 91.16 72.52 74.05 78.67 79.77
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 20,764 17,823 16,954 17,848 16,084 9,257 12,811 13,783 14,805 15,734 15,457
Invested Capital Turnover		 1.11 0.82 1.19 1.38 1.32 1.14 1.39 1.53 1.61 1.50 1.43
Increase / (Decrease) in Invested Capital		 -1,022 -2,941 -869 894 -1,764 -6,827 3,554 972 1,022 929 -14
Enterprise Value (EV)		 30,422 49,434 46,649 29,462 28,213 22,556 25,834 40,205 37,099 29,114 28,780
Market Capitalization		 25,120 41,020 38,017 21,136 20,141 15,978 19,736 34,370 31,685 23,886 23,784
Book Value per Share		 $18.07 $10.88 $9.54 $10.87 $9.13 $5.63 $7.50 $8.75 $10.49 $11.96 $12.43
Tangible Book Value per Share		 $15.28 $8.09 $6.45 $7.64 $5.92 $2.45 $4.32 $5.64 $7.31 $8.73 $8.94
Total Capital		 30,841 21,832 19,291 19,856 18,352 14,115 15,855 16,129 17,069 18,352 17,663
Total Debt		 15,346 12,384 10,942 10,312 10,327 9,132 9,127 8,152 7,636 7,804 7,158
Total Long-Term Debt		 14,687 12,214 10,430 10,312 10,316 9,132 9,127 7,928 7,636 7,160 7,158
Net Debt		 5,269 8,375 8,605 8,304 8,059 6,569 6,083 5,806 5,372 5,186 4,952
Capital Expenditures (CapEx)		 2,016 576 1,215 1,808 1,340 442 542 811 1,184 1,219 1,069
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 5,315 3,815 4,090 4,341 4,077 2,491 2,593 3,485 3,671 4,358 3,604
Debt-free Net Working Capital (DFNWC)		 15,392 7,824 6,427 6,349 6,345 5,054 5,637 5,831 5,935 6,976 5,810
Net Working Capital (NWC)		 14,733 7,654 5,915 6,349 6,334 5,054 5,637 5,607 5,935 6,332 5,810
Net Nonoperating Expense (NNE)		 552 1,030 -437 596 815 1,237 643 451 570 457 357
Net Nonoperating Obligations (NNO)		 5,269 8,375 8,605 8,304 8,059 4,274 6,083 5,806 5,372 5,186 4,952
Total Depreciation and Amortization (D&A)		 1,835 1,503 1,556 1,606 1,625 1,058 904 940 998 1,079 1,136
Debt-free, Cash-free Net Working Capital to Revenue		 22.49% 24.01% 19.84% 18.09% 18.19% 17.24% 16.95% 17.17% 15.95% 18.99% 16.25%
Debt-free Net Working Capital to Revenue		 65.13% 49.25% 31.17% 26.46% 28.32% 34.99% 36.86% 28.73% 25.78% 30.40% 26.19%
Net Working Capital to Revenue		 62.34% 48.18% 28.69% 26.46% 28.27% 34.99% 36.86% 27.62% 25.78% 27.60% 26.19%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.79) ($6.69) $0.00 $0.00 $0.00 ($3.34) $1.63 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 853M 861M 874.91M 875M 875M 881M 1.80B 904M 899M 882M 853M
Adjusted Diluted Earnings per Share		 ($0.79) ($6.69) ($0.53) $1.89 ($1.29) ($3.34) $1.63 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 853M 861M 874.91M 877M 875M 881M 1.80B 908M 902M 883M 853M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 ($3.34) $1.63 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 858.34M 866.93M 870M 872.54M 879.91M 1.78B 892M 1.81B 1.78B 868.09M 837.55M
Normalized Net Operating Profit after Tax (NOPAT)		 1,624 451 1,415 2,496 1,441 954 1,268 2,323 3,232 3,064 2,255
Normalized NOPAT Margin		 6.87% 2.84% 6.86% 10.40% 6.43% 6.61% 8.29% 11.44% 14.04% 13.35% 10.16%
Pre Tax Income Margin		 -3.96% -48.00% 3.31% 7.56% -5.01% -22.29% 8.19% 10.40% 14.61% 14.10% 7.98%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -15.16 0.00 62.26 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -10.15 0.00 48.72 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -17.79 0.00 42.95 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -12.78 0.00 29.41 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -92.05% -10.75% -133.76% 38.02% -55.80% -9.45% 10.97% 27.27% 21.64% 23.85% 44.81%
Augmented Payout Ratio		 -92.05% -10.75% -133.76% 62.16% -64.66% -12.85% 10.97% 42.95% 51.69% 63.79% 122.76%

Quarterly Metrics And Ratios for Halliburton

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 837,548,345.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 837,548,345.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.55
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 8.34% 2.81% 2.24% 0.60% -1.84% -2.25% -6.67% -5.54% -1.70% 0.84% -0.28%
EBITDA Growth		 22.67% -12.50% -2.48% 3.97% -13.98% 6.18% -41.42% -23.07% -45.64% -12.07% 41.41%
EBIT Growth		 26.57% -17.43% -5.48% 2.33% -18.91% 5.79% -55.40% -30.53% -62.52% -17.51% 66.07%
NOPAT Growth		 24.41% 9.64% -1.06% 0.56% -16.03% -14.61% -62.56% -28.59% -95.28% -4.11% 93.65%
Net Income Growth		 31.88% -0.60% -7.02% 14.63% -19.89% -7.11% -66.67% -32.68% -96.55% -4.07% 128.57%
EPS Growth		 31.67% 0.00% -5.56% 17.65% -17.72% 0.00% -64.71% -31.25% -96.92% 61.97% 129.17%
Operating Cash Flow Growth		 16.07% 21.24% 299.18% 2.76% -3.78% 3.26% -22.59% -17.11% -41.97% -19.99% -27.59%
Free Cash Flow Firm Growth		 65.34% 12.08% 46.11% 37.80% 63.80% -17.25% -155.31% 133.19% 145.84% 1,169.16% 266.11%
Invested Capital Growth		 9.86% 7.41% 6.44% 6.82% 5.87% 6.27% 4.65% 3.26% -0.34% -0.09% -1.02%
Revenue Q/Q Growth		 0.10% -1.12% 1.13% 0.50% -2.33% -1.53% -3.44% 1.72% 1.63% 1.02% -4.51%
EBITDA Q/Q Growth		 2.59% -14.30% -6.55% 12.35% -15.12% 5.79% -41.93% 47.53% -40.02% 72.30% -7.25%
EBIT Q/Q Growth		 2.12% -17.92% -9.01% 15.13% -19.07% 7.08% -55.30% 79.34% -56.33% 137.79% -10.82%
NOPAT Q/Q Growth		 3.05% 3.11% -9.63% 4.72% -13.95% 4.85% -60.38% 99.75% -94.31% 2,028.36% -19.98%
Net Income Q/Q Growth		 16.40% -8.70% -8.70% 17.08% -18.65% 5.86% -66.94% 136.45% -95.83% 2,845.00% -21.22%
EPS Q/Q Growth		 16.18% 0.00% 0.00% 17.65% -18.75% 0.00% 0.00% 129.17% -96.36% -4,150.00% 167.90%
Operating Cash Flow Q/Q Growth		 -16.92% 61.33% -65.46% 121.97% -22.20% 73.13% -74.11% 137.67% -45.54% 138.73% -76.57%
Free Cash Flow Firm Q/Q Growth		 -67.84% 66.08% 61.44% -14.16% 2.31% -9.87% -108.35% 114.84% 34.90% 716.03% 1.66%
Invested Capital Q/Q Growth		 2.63% -0.88% 2.40% 0.76% 1.72% -0.50% 2.62% -0.58% -1.83% -1.92% 3.40%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 19.26% 19.74% 18.64% 19.25% 18.78% 18.29% 16.23% 14.86% 15.29% 16.44% 14.49%
EBITDA Margin		 21.81% 18.91% 19.68% 22.00% 19.12% 20.53% 12.35% 17.91% 10.57% 18.03% 17.51%
Operating Margin		 17.87% 18.44% 17.01% 17.69% 15.29% 16.61% 7.96% 13.19% 6.36% 13.19% 12.57%
EBIT Margin		 17.40% 14.45% 15.14% 17.35% 14.38% 15.63% 7.24% 12.76% 5.48% 12.90% 12.05%
Profit (Net Income) Margin		 12.47% 11.52% 10.49% 12.22% 10.18% 10.94% 3.75% 8.71% 0.36% 10.41% 8.59%
Tax Burden Percent		 79.04% 79.16% 77.38% 77.50% 79.02% 77.43% 66.34% 78.56% 9.13% 92.76% 81.55%
Interest Burden Percent		 90.69% 100.72% 89.53% 90.91% 89.62% 90.42% 78.06% 86.91% 71.34% 86.99% 87.40%
Effective Tax Rate		 20.96% 20.12% 22.62% 22.50% 20.98% 22.57% 33.66% 21.44% 90.87% 7.24% 18.45%
Return on Invested Capital (ROIC)		 22.63% 23.71% 20.36% 21.12% 18.13% 19.33% 7.54% 14.59% 0.81% 17.55% 14.15%
ROIC Less NNEP Spread (ROIC-NNEP)		 21.00% 20.42% 17.73% 19.59% 16.20% 17.29% 6.10% 12.93% 0.59% 15.46% 12.50%
Return on Net Nonoperating Assets (RNNOA)		 14.59% 13.11% 11.54% 11.82% 9.29% 9.14% 3.49% 6.91% 0.31% 7.25% 6.41%
Return on Equity (ROE)		 37.22% 36.82% 31.90% 32.94% 27.42% 28.46% 11.03% 21.50% 1.13% 24.80% 20.56%
Cash Return on Invested Capital (CROIC)		 12.74% 15.46% 15.31% 14.85% 14.43% 13.39% 11.31% 11.18% 10.92% 10.75% 12.94%
Operating Return on Assets (OROA)		 16.93% 13.87% 14.52% 16.34% 13.33% 14.27% 6.55% 11.23% 4.81% 11.32% 10.62%
Return on Assets (ROA)		 12.13% 11.06% 10.06% 11.51% 9.44% 9.99% 3.39% 7.67% 0.31% 9.13% 7.57%
Return on Common Equity (ROCE)		 37.08% 36.67% 31.76% 32.80% 27.29% 28.34% 10.98% 21.41% 1.12% 24.70% 20.47%
Return on Equity Simple (ROE_SIMPLE)		 29.14% 0.00% 27.15% 27.07% 24.89% 0.00% 20.35% 17.87% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 820 845 764 800 688 722 286 571 33 692 554
NOPAT Margin		 14.12% 14.73% 13.16% 13.71% 12.08% 12.86% 5.28% 10.37% 0.58% 12.23% 10.25%
Net Nonoperating Expense Percent (NNEP)		 1.64% 3.29% 2.62% 1.53% 1.93% 2.04% 1.44% 1.66% 0.23% 2.09% 1.65%
Return On Investment Capital (ROIC_SIMPLE)		 - 4.95% - - - 3.93% 1.59% 3.16% 0.18% 3.92% 3.08%
Cost of Revenue to Revenue		 80.74% 80.26% 81.36% 80.75% 81.22% 81.71% 83.77% 85.14% 84.71% 83.56% 85.51%
SG&A Expenses to Revenue		 1.00% 1.05% 1.05% 1.06% 0.97% 1.09% 1.14% 1.09% 1.04% 1.04% 1.15%
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		 1.40% 1.31% 1.64% 1.56% 3.49% 1.68% 8.27% 1.67% 8.93% 3.25% 1.93%
Earnings before Interest and Taxes (EBIT)		 1,010 829 879 1,012 819 877 392 703 307 730 651
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,266 1,085 1,142 1,283 1,089 1,152 669 987 592 1,020 946
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.90 3.37 3.66 2.99 2.49 2.27 2.12 1.67 2.06 2.27 3.03
Price to Tangible Book Value (P/TBV)		 5.66 4.84 5.20 4.19 3.44 3.12 2.95 2.32 2.89 3.16 4.19
Price to Revenue (P/Rev)		 1.56 1.38 1.52 1.29 1.11 1.04 0.98 0.79 0.95 1.07 1.47
Price to Earnings (P/E)		 13.55 12.01 13.61 11.11 10.07 9.55 10.49 9.41 16.02 18.54 21.21
Dividend Yield		 1.51% 1.81% 1.65% 1.95% 2.31% 2.50% 2.68% 3.34% 2.76% 2.41% 1.74%
Earnings Yield		 7.38% 8.33% 7.35% 9.00% 9.93% 10.47% 9.53% 10.63% 6.24% 5.39% 4.72%
Enterprise Value to Invested Capital (EV/IC)		 2.78 2.51 2.66 2.28 1.97 1.85 1.72 1.44 1.68 1.86 2.37
Enterprise Value to Revenue (EV/Rev)		 1.81 1.61 1.77 1.53 1.35 1.27 1.23 1.04 1.20 1.30 1.71
Enterprise Value to EBITDA (EV/EBITDA)		 8.44 7.80 8.69 7.42 6.78 6.24 6.63 5.92 7.80 8.81 10.68
Enterprise Value to EBIT (EV/EBIT)		 10.54 9.87 11.08 9.50 8.81 8.12 8.97 8.27 11.64 13.50 15.83
Enterprise Value to NOPAT (EV/NOPAT)		 13.13 11.48 12.74 10.98 10.07 9.79 11.11 10.14 15.89 17.46 19.77
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.91 10.73 10.74 9.20 8.16 7.53 7.40 6.46 8.25 9.84 13.42
Enterprise Value to Free Cash Flow (EV/FCFF)		 22.82 16.79 17.93 15.86 14.04 14.24 15.57 13.06 15.39 17.31 18.21
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.85 0.81 0.79 0.76 0.74 0.74 0.72 0.72 0.74 0.68 0.66
Long-Term Debt to Equity		 0.85 0.81 0.79 0.76 0.74 0.68 0.69 0.68 0.70 0.68 0.65
Financial Leverage		 0.69 0.64 0.65 0.60 0.57 0.53 0.57 0.53 0.53 0.47 0.51
Leverage Ratio		 2.79 2.75 2.66 2.62 2.55 2.52 2.48 2.45 2.45 2.40 2.37
Compound Leverage Factor		 2.53 2.77 2.38 2.38 2.28 2.27 1.94 2.13 1.75 2.09 2.07
Debt to Total Capital		 45.86% 44.74% 44.10% 43.19% 42.46% 42.52% 42.01% 41.70% 42.39% 40.53% 39.81%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 3.51% 2.12% 2.11% 2.15% 0.00% 0.50%
Long-Term Debt to Total Capital		 45.86% 44.74% 44.10% 43.19% 42.46% 39.01% 39.89% 39.59% 40.24% 40.53% 39.31%
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% 0.25% 0.27% 0.26% 0.31% 0.23% 0.23% 0.23% 0.24% 0.25% 0.25%
Common Equity to Total Capital		 53.91% 55.02% 55.64% 56.55% 57.23% 57.25% 57.75% 58.07% 57.37% 59.23% 59.94%
Debt to EBITDA		 1.58 1.61 1.62 1.60 1.66 1.67 1.80 1.94 2.22 2.19 2.02
Net Debt to EBITDA		 1.17 1.13 1.22 1.15 1.19 1.11 1.37 1.41 1.62 1.52 1.45
Long-Term Debt to EBITDA		 1.58 1.61 1.62 1.60 1.66 1.53 1.71 1.84 2.11 2.19 1.99
Debt to NOPAT		 2.46 2.36 2.37 2.37 2.47 2.62 3.01 3.32 4.51 4.34 3.74
Net Debt to NOPAT		 1.82 1.66 1.78 1.70 1.76 1.74 2.29 2.42 3.30 3.00 2.69
Long-Term Debt to NOPAT		 2.46 2.36 2.37 2.37 2.47 2.41 2.86 3.15 4.29 4.34 3.69
Altman Z-Score		 3.47 3.29 3.50 3.29 3.12 3.04 2.91 2.76 2.85 3.09 3.48
Noncontrolling Interest Sharing Ratio		 0.37% 0.41% 0.42% 0.43% 0.49% 0.42% 0.44% 0.43% 0.48% 0.41% 0.41%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.14 2.06 2.12 2.13 2.21 2.05 1.98 2.00 1.95 2.04 2.08
Quick Ratio		 1.32 1.27 1.30 1.34 1.38 1.28 1.20 1.20 1.21 1.28 1.30
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -521 -177 -169 -193 -189 -207 -432 64 87 706 718
Operating Cash Flow to CapEx		 240.77% 414.71% 173.31% 375.35% 282.21% 413.64% 149.01% 285.35% 230.19% 401.72% 182.00%
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		 0.97 0.96 0.96 0.94 0.93 0.91 0.91 0.88 0.88 0.88 0.88
Accounts Receivable Turnover		 4.70 4.85 4.50 4.51 4.41 4.60 4.38 4.32 4.22 4.41 4.26
Inventory Turnover		 6.02 6.07 5.86 5.74 5.72 5.95 5.86 5.81 5.90 6.22 6.20
Fixed Asset Turnover		 5.12 4.98 4.94 4.85 4.77 4.58 4.46 4.31 4.38 4.28 4.29
Accounts Payable Turnover		 5.90 5.95 5.97 5.78 5.98 5.88 5.90 5.65 5.99 5.92 5.89
Days Sales Outstanding (DSO)		 77.74 75.22 81.20 80.88 82.76 79.36 83.39 84.52 86.56 82.75 85.62
Days Inventory Outstanding (DIO)		 60.63 60.15 62.26 63.58 63.85 61.34 62.31 62.88 61.85 58.71 58.92
Days Payable Outstanding (DPO)		 61.85 61.31 61.10 63.19 61.08 62.02 61.89 64.59 60.89 61.70 61.99
Cash Conversion Cycle (CCC)		 76.52 74.05 82.36 81.27 85.53 78.67 83.81 82.81 87.53 79.77 82.55
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 14,936 14,805 15,428 15,546 15,813 15,734 16,146 16,053 15,759 15,457 15,982
Invested Capital Turnover		 1.60 1.61 1.55 1.54 1.50 1.50 1.43 1.41 1.40 1.43 1.38
Increase / (Decrease) in Invested Capital		 1,341 1,022 933 993 877 929 718 507 -54 -14 -164
Enterprise Value (EV)		 41,456 37,099 41,075 35,451 31,163 29,114 27,802 23,069 26,530 28,780 37,858
Market Capitalization		 35,670 31,685 35,283 29,905 25,646 23,886 22,023 17,521 20,974 23,784 32,656
Book Value per Share		 $10.18 $10.49 $10.84 $11.30 $11.66 $11.96 $11.94 $12.22 $11.97 $12.43 $12.87
Tangible Book Value per Share		 $7.01 $7.31 $7.63 $8.07 $8.45 $8.73 $8.61 $8.77 $8.52 $8.94 $9.30
Total Capital		 16,972 17,069 17,319 17,684 17,991 18,352 17,950 18,091 17,785 17,663 17,985
Total Debt		 7,783 7,636 7,637 7,638 7,639 7,804 7,541 7,544 7,539 7,158 7,160
Total Long-Term Debt		 7,783 7,636 7,637 7,638 7,639 7,160 7,160 7,163 7,157 7,158 7,070
Net Debt		 5,747 5,372 5,746 5,500 5,461 5,186 5,737 5,506 5,513 4,952 5,157
Capital Expenditures (CapEx)		 363 340 281 288 298 352 253 314 212 290 150
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 4,145 3,671 4,153 4,164 4,405 4,358 4,283 4,170 4,040 3,604 4,085
Debt-free Net Working Capital (DFNWC)		 6,181 5,935 6,044 6,302 6,583 6,976 6,087 6,208 6,066 5,810 6,088
Net Working Capital (NWC)		 6,181 5,935 6,044 6,302 6,583 6,332 5,706 5,827 5,684 5,810 5,998
Net Nonoperating Expense (NNE)		 96 184 155 87 108 108 83 91 13 103 90
Net Nonoperating Obligations (NNO)		 5,747 5,372 5,746 5,500 5,461 5,186 5,737 5,506 5,513 4,952 5,157
Total Depreciation and Amortization (D&A)		 256 256 263 271 270 275 277 284 285 290 295
Debt-free, Cash-free Net Working Capital to Revenue		 18.13% 15.95% 17.94% 17.96% 19.09% 18.99% 18.99% 18.76% 18.25% 16.25% 18.43%
Debt-free Net Working Capital to Revenue		 27.04% 25.78% 26.11% 27.19% 28.53% 30.40% 26.99% 27.92% 27.40% 26.19% 27.46%
Net Working Capital to Revenue		 27.04% 25.78% 26.11% 27.19% 28.53% 27.60% 25.30% 26.21% 25.68% 26.19% 27.06%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $800,000.00 $0.00 $680,000.00 $800,000.00 $650,000.00 $0.00 $0.24 $0.55 $0.02 ($0.81) $0.55
Adjusted Weighted Average Basic Shares Outstanding		 898M 899M 889M 884M 881M 882M 866M 857M 849M 853M 837M
Adjusted Diluted Earnings per Share		 $790,000.00 $0.00 $680,000.00 $800,000.00 $650,000.00 $0.00 $0.24 $0.55 $0.02 ($0.81) $0.55
Adjusted Weighted Average Diluted Shares Outstanding		 902M 902M 891M 886M 881M 883M 866M 857M 850M 853M 839M
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		 1.79B 1.78B 1.77B 1.77B 878.50M 868.09M 859.72M 852.60M 841.63M 837.55M 835.40M
Normalized Net Operating Profit after Tax (NOPAT)		 820 845 764 800 780 722 522 571 524 769 554
Normalized NOPAT Margin		 14.12% 14.73% 13.16% 13.71% 13.69% 12.86% 9.64% 10.37% 9.35% 13.59% 10.25%
Pre Tax Income Margin		 15.78% 14.55% 13.56% 15.77% 12.88% 14.14% 5.65% 11.09% 3.91% 11.23% 10.53%
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		 20.29% 21.64% 22.25% 21.76% 23.22% 23.85% 28.25% 31.43% 44.34% 44.81% 36.96%
Augmented Payout Ratio		 48.42% 51.69% 58.56% 56.93% 60.28% 63.79% 75.88% 85.35% 125.28% 122.76% 92.14%

Financials Breakdown Chart

Key Financial Trends

Summary for Halliburton Co (NYSE: HAL) based on the latest quarterly data (Q1–Q4 2025) shows improving top-line momentum, margin expansion, and solid cash generation, along with typical quarterly volatility in earnings per share and financing activity.

  • Q4 2025 quarterly revenue rose to 5.657 billion, marking an uptick from prior quarters and signaling improving demand trends.
  • Gross profit for Q4 2025 was 930 million on 5.657 billion in revenue, delivering a gross margin of roughly 16%, higher than earlier quarters in 2025.
  • Total operating income in Q4 2025 was 746 million, yielding an operating margin around 13% for the quarter.
  • Net income continuing operations in Q4 2025 was 589 million, highlighting ongoing profitability even as quarterly results fluctuate.
  • Cash flow from continuing operating activities in Q4 2025 reached about 1.165 billion, contributing to strong quarterly cash generation.
  • Estimated free cash flow in Q4 2025 was roughly 0.83 billion (approx. 1.165B operating cash flow minus ~0.337B capital expenditures), indicating meaningful cash available after capex.
  • Capital discipline remains evident with purchases of property, plant & equipment around 337 million in Q4 2025, aligning with ongoing capacity maintenance/expansion.
  • Quarterly shareholder returns continue, with cash dividends per share set at 0.17 USD, supporting income-focused investors.
  • Balance sheet remains well-capitalized, with Total assets around 25.2 billion and solid equity backing (Total equity near 10.3 billion in recent quarters), suggesting ample capacity to weather cycles.
  • Positive trend in profitability and cash flow across the 2025 quarters, culminating in stronger Q4 results versus earlier periods.
  • Restructuring charges have appeared in some quarters (e.g., Q4 2025 restructuring 83 million; Q4 2024 restructuring 356 million), providing a neutral impact to near-term earnings but signaling cost-realignment efforts.
  • EPS figures can be volatile despite positive net income. For example, Q4 2025 shows Earnings Per Share readings that may appear inconsistent with reported net income, reflecting share count and accounting nuances.
  • The company continues to invest in PPE and other assets, which supports long-term capacity but slightly weighs near-term free cash flow due to capital outlays.
  • Q4 2025 earnings per share were reported as negative on a per-share basis in the data set, despite positive net income, which may reflect accounting/navigation nuances or elevated shares outstanding in that quarter.
  • Net cash from financing activities remained a cash outflow in several recent quarters (e.g., Q4 2025, Q3–Q2 2025), driven by dividends and share repurchases, which reduces cash despite strong operating performance.
05/10/26 04:00 PM ETAI Generated. May Contain Errors.

Halliburton Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Halliburton's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Halliburton's net income appears to be on an upward trend, with a most recent value of $1.29 billion in 2025, falling from -$667 million in 2015. The previous period was $2.52 billion in 2024. View Halliburton's forecast to see where analysts expect Halliburton to go next.

Halliburton's total operating income in 2025 was $2.26 billion, based on the following breakdown:
  • Total Gross Profit: $3.48 billion
  • Total Operating Expenses: $1.22 billion

Over the last 10 years, Halliburton's total revenue changed from $23.63 billion in 2015 to $22.18 billion in 2025, a change of -6.1%.

Halliburton's total liabilities were at $14.51 billion at the end of 2025, a 3.6% decrease from 2024, and a 32.4% decrease since 2015.

In the past 10 years, Halliburton's cash and equivalents has ranged from $2.01 billion in 2018 to $10.08 billion in 2015, and is currently $2.21 billion as of their latest financial filing in 2025.

Over the last 10 years, Halliburton's book value per share changed from 18.07 in 2015 to 12.43 in 2025, a change of -31.2%.


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Financial statements for NYSE:HAL last updated on 4/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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