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Stocks / United States / HAL · Oil & Gas Field Services, Nec · NYSE

Halliburton Co. (HAL)

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Halliburton Co. (HAL) reported revenue of $5.7 billion for Q2 FY2026, the quarter ended 30 June 2026, up 3.7% on the same quarter a year earlier. Net income was $534 million, up 13.1% on the year, and diluted earnings per share $0.64. The figures are the company's own, from the 10-Q it filed with the SEC on 24 July 2026.

Revenue$5.7 billionup 3.7%
Net income$534 millionup 13.1%
Diluted EPS$0.64
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE14.6%
ROCE14.2%
Operating margin11.4%
Net margin7.2%
FCF margin7.7%
Interest covern/a
Debt to equity0.64
Cash conversion1.72
Share count, 1 year-2.3%
Sales CAGR, 3 years3.0%
Profit CAGR, 3 years-6.5%
EPS, TTMn/a

At the close of 21 September 2026

Price$33.39
Market cap$27.8 billion
Stock P/E17.57
Price to book2.53
EV / EBITDA8.82
Dividend yield2.0%
Market cap / sales1.24
52-week high$42.98
52-week low$21.82
Price, 1 year48.3%
Price CAGR, 3 years-6.3%
Price CAGR, 5 years11.1%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Halliburton Co. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on HAL

Filings23 in twelve months: 12 current reports (8-K), about 7 regulation fd disclosure; 4 results of operations; 4 officer or director change; 3 other events; 1 shareholder vote
Planned insider sales22 Form 144 notices in twelve months, $43.8 million; latest 31 August 2026
Options tapeput/call 0.36 by open interest on 23 September 2026; the straddle prices a 3.1% move to 25 September 2026
Holders12 of the followed funds hold it; largest Geode Capital Management; 5 Schedule 13D or 13G filings in twelve months
Insider trading21 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest34.2 million shares short, 2.95 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue5,8045,7395,8045,8335,6975,6105,4175,5105,6005,6575,4025,714
Operating income1,0371,0589871,032871932431727356746679778
Operating margin18%18%17%18%15%17%8%13%6%13%13%14%
Pre-tax income916835787920734793306611219635569664
Tax rate21%20%23%22%21%23%34%21%91%7%18%19%
Net income71666160670957161520447218.0589461534
Net margin12%12%10%12%10%11%4%9%0%10%9%9%
Diluted EPSn/an/a$0.68$0.80$0.65n/a$0.24$0.55$0.02n/a$0.55$0.64
Operating cash flow8741,4104871,0818411,4563778964881,165273824
Capital expenditure409399330347339426302354261337192235
Free cash flow4651,0111577345021,03075.054222782881.0589
Buybacks198254250250196309250257250250100208
Dividends paid144143151151150148147145144143142143
Shares outstanding895m889m885m883m879m868m860m853m842m835m835m833m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015 FY2016FY2017 FY2018 FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue32,87023,63315,88720,62023,99522,40814,44515,29520,29723,01822,94422,18422,373
Cost of revenue6,4795,0993,7704,142n/an/an/an/an/an/an/an/an/a
Gross profit26,27118,42012,11716,478n/an/an/an/an/an/an/an/an/a
Gross margin79.9%77.9%76.3%79.9%n/an/an/an/an/an/an/an/an/a
Research and development601487329360390404309321345408426411n/a
Operating income5,097-165-6,7781,3742,467-448-2,4361,8002,7074,0833,8222,2602,559
Operating margin15.5%-0.7%-42.7%6.7%10.3%-2.0%-16.9%11.8%13.3%17.7%16.7%10.2%11.4%
Pre-tax income4,712-936-7,6256821,814-1,122-3,2201,2522,1103,3633,2341,7712,087
Income tax1,275-274-1,8581,1311577.0-278-216515701718479476
Effective tax rate27.1%n/an/a165.8%8.7%n/an/a-17.3%24.4%20.8%22.2%27.0%22.8%
Net income3,500-671-5,763-4631,656-1,131-2,9451,4571,5722,6382,5011,2831,602
Net margin10.6%-2.8%-36.3%-2.2%6.9%-5.0%-20.4%9.5%7.7%11.5%10.9%5.8%7.2%
Diluted EPS$4.11-$0.79-$6.69-$0.53$1.89-$1.29-$3.34$1.63n/an/an/an/an/a
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015 FY2016FY2017 FY2018 FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow4,0622,906-1,7032,4683,1572,4451,8811,9112,2423,4583,8652,9262,750
Capital expenditure3,2832,1847981,3732,0261,5307287991,0111,3791,4421,2541,025
Free cash flow779722-2,5011,0951,1319151,1531,1121,2312,0792,4231,6721,725
Free cash flow margin2.4%3.1%-15.7%5.3%4.7%4.1%8.0%7.3%6.1%9.0%10.6%7.5%7.7%
Depreciation and amortisation2,1261,8351,5031,5561,6061,6251,0589049409981,0791,1361,166
Share-based compensation298n/an/an/an/an/an/an/an/an/an/an/an/a
Buybacks8000.00.00.04001001000.02508001,0051,007808
Dividends paid533614620626630630278161435576600579572
Dividend per share$0.53$0.72$0.72$0.72$0.72$0.72$0.32$0.18$0.48$0.64$0.68n/an/a
Diluted shares, weighted852m853m861m870m877m875m881m892m908m902m883m853m838m
Shares outstanding at period end848m856m866m873m871m878m885m896m902m889m868m835m833m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015 FY2016FY2017 FY2018 FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Total assets32,16536,94227,00025,08525,98225,37720,68022,32123,25524,68325,58725,01025,828
Cash and equivalents2,29110,0774,0092,3372,0082,2682,5633,0442,3462,2642,6182,2062,048
Receivables7,5645,3173,9225,0365,2344,5773,0713,6664,6274,8605,1174,9425,325
Inventory3,5712,9932,2752,3963,0283,1392,3492,3612,9233,2263,0402,9763,056
Goodwill2,3302,3852,4142,6932,8252,8122,8042,8432,8292,8502,8382,9383,020
Total debt, as filedn/an/an/an/a10,457n/an/an/an/an/a7,5417,158n/a
Long-term debt7,77915,34612,21410,43010,31210,3169,1329,1277,9287,6367,1607,1587,071
Long-term debt including finance leasesn/an/an/a10,43010,31210,3169,1329,1277,9287,6367,160n/an/a
Borrowings, as the company tags themn/a7,500n/an/an/an/an/an/an/an/an/an/an/a
Operating lease liabilitiesn/an/an/an/a0.0825758845791911798712751
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/a126102n/a
Shareholders' equity16,26715,4629,4098,3229,5228,0124,9746,7137,9489,39110,50610,46111,010
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded-0.6%9.0%3.0%0.6%
Profit growth, compoundedn/an/a-6.5%-14.0%
Return on equity, average-1.7%21.1%21.4%12.3%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Oil & Gas Field Services, Nec

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
SLB Limited/Nv SLB$76.8 billion25.2511.9%n/a2.5%0.43n/a
Halliburton Co. HAL$27.8 billion17.5714.6%11.4%0.6%0.642.0%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 202624 July 2026EDGAR
10-Q31 March 202624 April 2026EDGAR
10-K31 December 20256 February 2026EDGAR
10-Q30 September 202524 October 2025EDGAR
10-Q30 June 202525 July 2025EDGAR
10-Q31 March 202525 April 2025EDGAR
10-K31 December 202412 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 202429 July 2024EDGAR
10-Q31 March 202424 April 2024EDGAR

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