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Halliburton Co. (HAL)

Halliburton is one of the world's largest providers of products and services to the energy industry. Its predecessor was established in 1919 and it was incorporated in Delaware in 1924. It works with major, national and independent oil and natural gas producers across the life of a reservoir, from locating hydrocarbons and managing geological data through drilling and formation evaluation, well construction and completion, and on to optimising production. It runs two divisions, which are also its two reporting segments: Completion and Production, and Drilling and Evaluation.

Halliburton Co.

Halliburton is one of the world's largest providers of products and services to the energy industry. Its predecessor was established in 1919 and it was incorporated in Delaware in 1924. It works with major, national and independent oil and natural gas producers across the life of a reservoir, from locating hydrocarbons and managing geological data through drilling and formation evaluation, well construction and completion, and on to optimising production. It runs two divisions, which are also its two reporting segments: Completion and Production, and Drilling and Evaluation.

Completion and Production

This segment delivers cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift and completion products and services. Artificial Lift applies lifting technology, field management and electrical submersible pumps through the life of a well. Cementing bonds the well and casing while isolating fluid zones and holding the wellbore stable, and also supplies casing equipment. Completion Tools covers downhole completion products, intelligent completions, liner hanger systems, sand control, multilateral systems and service tools. Multi-Chem supplies specialty chemicals for completion, production, midstream and downstream flow assurance, and part of that chemical business has been put up for sale, with completion expected in the first half of 2026. Pipeline and Process Services handles pre-commissioning, commissioning, maintenance and decommissioning for onshore and offshore pipelines and process plants. Production Enhancement covers stimulation, including hydraulic fracturing and acidizing, and sand control. Production Solutions covers well intervention with coiled tubing, hydraulic workover units, downhole tools, pumping and nitrogen services.

Drilling and Evaluation

This segment provides field and reservoir modelling, drilling, fluids, evaluation and wellbore placement. Baroid supplies drilling fluid systems, performance additives, completion fluids, solids control, testing equipment and waste management. Drill Bits and Services supplies roller cone and fixed cutter bits, hole enlargement tools and coring equipment. Halliburton Project Management packages well construction, completion and intervention services into integrated and asset management contracts. Landmark Software and Services sells cloud-based digital services and artificial intelligence tools on an open architecture for subsurface insight, well construction and reservoir and production management. Sperry Drilling provides directional and horizontal drilling, measurement-while-drilling, logging-while-drilling, surface data logging and rig site information systems. Testing and Subsea covers well testing tools, data acquisition, fluid sampling, subsea safety systems and managed pressure drilling. Wireline and Perforating provides open-hole logging for formation evaluation and reservoir fluid analysis, along with cased-hole and slickline work including perforating, pipe recovery and casing and cement integrity measurement.

Markets

The services and products are sold in highly competitive markets worldwide, where the factors that matter are price, service delivery, health, safety and environmental standards, service quality, talent retention, understanding of the reservoir, product quality and technical proficiency. Business runs in more than 70 countries, organised around four geographic regions: North America, Latin America, Europe, Africa and the CIS, and the Middle East and Asia. The United States accounted for 39% of consolidated revenue in 2025, 40% in 2024 and 44% in 2023, and no other country was above 10%. No single customer was more than 10% in any of those periods.

Weather and supply

Weather moves the work rather than the business itself, and the spread of operations softens the effect. The severity and length of the North American winter affects drilling activity and gas storage, the spring thaw in Canada brings road restrictions, typhoons and hurricanes disrupt coastal and offshore work, and winter storms cut activity in the North Sea. Customer spending on completion tools tends to lift the fourth quarter, and software contract revenue lands mostly in the first and fourth quarters. Raw materials are normally readily available, though market conditions can constrain supply of proppants, mainly sand, along with chemicals, metals, gels and circuit boards.

People

The company employed over 46,000 people worldwide at 31 December 2025, representing 146 nationalities across more than 70 countries, with approximately 22% covered by collective bargaining agreements. In 2025, 91% of the workforce and 85% of management were on local terms in the countries where they work, and about 6,400 people were hired, with 9% leaving voluntarily.

From Halliburton's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Halliburton became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 23 October 2026
Revenue
$5.7 billion
+1.8% on the year · -0.2% on the quarter
Q4 FY2024Q3 FY2026
Net income
$417 million
+2,216.7% on the year · -21.9% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.50
+2,400.0% on the year · -21.9% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 6 February 2026
Revenue
$22.2 billion
-3.3% on the year
FY2018FY2025
Net income
$1.3 billion
-48.7% on the year
FY2018FY2025
Diluted EPS
$1.50
-47.0% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsHalliburton (HAL) reported revenue of $22.2 billion for fiscal 2025, the year ended 31 December 2025, down 3.3% on the year before. Net income was $1.3 billion and diluted earnings per share $1.50. Revenue was $22.9 billion in fiscal 2024, $23.0 billion in fiscal 2023, $20.3 billion in fiscal 2022 and $15.3 billion in fiscal 2021. Net income in the same years was $2.5 billion, $2.6 billion, $1.6 billion and $1.5 billion. Over the twelve months to 30 September 2026, Halliburton reported revenue of $22.5 billion and net income of $2.0 billion. Revenue grew 9.0% a year, compounded, over the five years to fiscal 2025. Halliburton declared $0.68 a share in dividends over the last four quarters and had 827 million shares outstanding at the latest filed count. At 30 September 2026 it carried $7.2 billion of debt and $1.8 billion of cash. At the close of 6 November 2026 the market cap of Halliburton was $26.3 billion, 13.3 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE18.0%
ROCE15.5%
Operating margin12.6%
Net margin8.9%
FCF margin7.1%
Interest cover8.4x
Debt to equity0.64x
Cash conversion1.31x
Share count, last 12 months-1.7%
Sales CAGR, 3 years3.0%
Profit CAGR, 3 years-6.5%
EPS, TTM$2.39

At the close of 6 November 2026

Price$31.84
Market cap$26.3 billion
Stock P/E13.3x
Price to book2.4x
EV / EBITDA7.9x
Dividend yield2.1%
Market cap / sales1.2x
52-week high$42.98
52-week low$25.62
Price, 1 year16.5%
Price CAGR, 3 years-5.7%
Price CAGR, 5 years5.2%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Halliburton Co.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
HALgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. 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. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023 †Q2 FY2023 †Q3 FY2023 †Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue4,2774,2845,0745,3575,5825,6775,7985,8045,7395,8045,8335,6975,6105,4175,5105,6005,6575,4025,7145,703
Cost of revenue3,6683,6994,2894,4524,5444,6464,7204,6864,6064,7224,7104,6274,5844,5384,6914,7444,7274,6194,9104,863
Gross profit6095857859051,0381,0311,0781,1181,1331,0821,1231,0701,026879819856930783804840
Gross margin14%14%15%17%19%18%19%19%20%19%19%19%18%16%15%15%16%14%14%15%
Operating income5505113748469769771,0111,0371,0589871,032871932431727356746679778624
Operating margin13%12%7%16%17%17%17%18%18%17%18%15%17%8%13%6%13%13%14%11%
Interest expense10810710193.074.010110294.098.092.092.085.084.086.092.088.086.082.083.084.0
Pre-tax income418332231705842829783916835787920734793306611219635569664513
Tax rate-98%20%49%22%21%21%21%21%20%23%22%21%23%34%21%91%7%18%19%18%
Net income82426310954465665161071666160670957161520447218.0589461534417
Net margin19%6%2%10%12%11%11%12%12%10%12%10%11%4%9%0%10%9%9%7%
Diluted EPSn/an/an/an/an/an/an/an/a$0.74$0.68$0.80$0.65$0.70$0.24$0.55$0.02$0.70$0.55$0.64$0.50
Operating cash flow682-50.03767531,1631221,0528741,4104871,0818411,4563778964881,165273824368
Capital expenditure316189221251350268303409399330347339426302354261337192235266
Free cash flow366-239155502813-1467494651,0111577345021,03075.054222782881.0589102
Buybacks0.00.00.046.0204100248198254250250196309250257250250100208250
Dividends paid40.0108109110108145144144143151151150148147145144143142143141
Shares outstanding896m902m907m908m902m902m899m895m889m885m883m879m868m860m853m842m835m835m833m827m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* 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. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 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.

Income statement (profit and loss)

FY2007FY2008FY2009FY2010FY2011 †FY2012 †FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue15,26418,27914,67517,97324,82928,50329,40232,87023,63315,88720,62023,99522,40814,44515,29520,29723,01822,94422,18422,476
Cost of revenue11,52514,04912,47914,74519,81123,76924,93127,33421,11315,02318,35521,00920,12312,90013,27916,98418,65818,64318,70019,119
Gross profit3,7394,2302,1963,2285,0184,7344,4715,5362,5208642,2652,9862,2851,5452,0163,3134,3604,3013,4843,357
Gross margin24.5%23.1%15.0%18.0%20.2%16.6%15.2%16.8%10.7%5.4%11.0%12.4%10.2%10.7%13.2%16.3%18.9%18.7%15.7%14.9%
Research and developmentn/a326325366401460588601487329360390404309321345408426411n/a
Operating income3,4984,0101,9943,0094,7374,1593,1385,097-165-6,7781,3742,467-448-2,4361,8002,7074,0833,8222,2602,827
Operating margin22.9%21.9%13.6%16.7%19.1%14.6%10.7%15.5%-0.7%-42.7%6.7%10.3%-2.0%-16.9%11.8%13.3%17.7%16.7%10.2%12.6%
Interest expense-168-167-297n/an/an/an/an/an/a639593554569505520463395353352335
Pre-tax incomen/an/a1,6822,6554,4493,8222,7644,712-936-7,6256821,814-1,122-3,2201,2522,1103,3633,2341,7712,381
Income taxn/a1,2115188531,4391,2356481,275-274-1,8581,1311577.0-278-216515701718479371
Effective tax raten/an/a30.8%32.1%32.3%32.3%23.4%27.1%n/an/a165.8%8.7%n/an/a-17.3%24.4%20.8%22.2%27.0%15.6%
Net income3,4862,2241,1451,8352,8392,6352,1253,500-671-5,763-4631,656-1,131-2,9451,4571,5722,6382,5011,2832,001
Net margin22.8%12.2%7.8%10.2%11.4%9.2%7.2%10.6%-2.8%-36.3%-2.2%6.9%-5.0%-20.4%9.5%7.7%11.5%10.9%5.8%8.9%
Diluted EPS$3.65$2.45$1.27$2.01$3.08$2.84$2.36$4.11-$0.79-$6.69-$0.53$1.89-$1.29-$3.34$1.63$1.73$2.92$2.83$1.50$2.39
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree 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.

Revenue by segment FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Completion And Production7,4199,99715,14317,38017,50620,25313,6828,88213,07715,97314,0317,8398,41011,58213,68913,25112,78257.6%
Drilling And Evaluation7,2567,9769,68611,12311,89612,6179,9517,0057,5438,0228,3776,6066,8858,7159,3299,6939,40242.4%
Completion And ProductionDrilling And Evaluation
18.0FY201029.4FY201315.9FY201622.4FY201920.3FY202222.2FY2025

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2009 to FY2025

The operating profit each segment reports. Costs Halliburton does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Completion And Production1,0162,0323,7333,1442,8753,6701,0691081,6252,2781,6719951,2382,0372,8352,7092,12816.6%
Drilling And Evaluation1,1831,2131,4031,6751,7701,7401,5198017267456425698011,2921,5431,6081,37914.7%
Completion And ProductionDrilling And Evaluation
3,245FY20104,645FY2013909FY20162,313FY20193,329FY20223,507FY2025

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Completion And Production58%61%
Drilling And Evaluation42%39%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by product or service FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Services11,14015,40818,44416,88410,20310,98914,74916,48316,34815,72970.9%
Product sales4,7475,2125,5515,5244,2424,3065,5486,5356,5966,45529.1%
ServicesProduct sales
20.6FY201722.4FY201915.3FY202123.0FY202322.2FY2025

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2011 to FY2025

FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
North American/a16,00415,21217,69810,8566,77011,56414,43111,8845,7316,3719,59710,4929,6269,06640.9%
Middle East/Asian/a4,2955,0565,8075,4534,2644,1594,5544,8754,2333,8434,8125,6786,1045,83226.3%
Latin American/a3,6943,9093,8753,1491,8602,1162,0652,3641,6682,3623,1973,9874,2113,93517.7%
Europe/Africa/CISn/a4,5105,2255,4904,1752,9932,7812,9453,2852,8132,7192,6912,8613,0033,35115.1%
All Other Countries Domain11,281n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
United States13,548n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
North America FY2012 to FY2025Middle East/Asia FY2012 to FY2025Latin America FY2012 to FY2025Europe/Africa/CIS FY2012 to FY2025United States FY2011All Other Countries Domain FY2011
24.8FY201129.4FY201323.6FY201520.6FY201722.4FY201915.3FY202123.0FY202322.2FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007FY2008FY2009FY2010FY2011 †FY2012 †FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow2,7262,6742,4062,2123,6843,6544,4474,0622,906-1,7032,4683,1572,4451,8811,9112,2423,4583,8652,9262,630
Capital expenditure1,5831,8241,8642,0692,9533,5662,9343,2832,1847981,3732,0261,5307287991,0111,3791,4421,2541,030
Free cash flow1,14385054214373188.01,513779722-2,5011,0951,1319151,1531,1121,2312,0792,4231,6721,600
Free cash flow margin7.5%4.7%3.7%0.8%2.9%0.3%5.1%2.4%3.1%-15.7%5.3%4.7%4.1%8.0%7.3%6.1%9.0%10.6%7.5%7.1%
Cash from investing-3,661-1,856-3,085-1,755-3,190-3,688-2,870-3,138-2,192-710-1,927-1,993-1,445-486-534-967-1,659-1,654-1,325-969
Cash from financing-1,570-1,5231,670-1,114833-172-1,754-1,0307,081-3,540-2,161-1,419-695-1,007-838-1,798-1,671-1,730-1,987-1,807
Depreciation and amortisation5837389311,1191,3591,6281,9002,1261,8351,5031,5561,6061,6251,0589049409981,0791,1361,177
Share-based compensationn/an/an/an/an/a217264298n/an/an/an/an/an/an/an/an/an/an/an/a
Buybacks1,37450717.01410.00.04,3568000.00.00.04001001000.02508001,0051,007808
Dividends paid314319324327330333465533614620626630630278161435576600579569
Dividend per sharen/an/an/a$0.36$0.36$0.36$0.53$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, weighted955m909m902m911m922m928m902m852m853m861m870m877m875m881m892m908m902m883m853m832m
Shares outstanding at period endn/a895m902m910m921m929m849m848m856m866m873m871m878m885m896m902m889m868m835m827m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe 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

FY2007FY2008FY2009FY2010FY2011 †FY2012 †FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity6,9667,7258,72810,37313,19815,76513,58116,26715,4629,4098,3229,5228,0124,9746,7137,9489,39110,50610,46111,118
Non-controlling interestn/a19.029.014.018.025.034.031.033.039.027.022.013.09.015.029.042.042.044.043.0
Debtn/an/a4,5743,8244,8204,8207,8167,77915,34612,38410,94210,45710,3279,8279,1347,9287,6367,5417,1587,162
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a0.0825758845791911798712760
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a126102n/a
Other liabilitiesn/a6,6413,2074,0865,6416,8007,7928,0886,1015,1685,7945,9816,2005,1125,6146,5596,7036,5746,5336,990
Total liabilities and equityn/a14,38516,53818,29723,67727,41029,22332,16536,94227,00025,08525,98225,37720,68022,32123,25524,68325,58725,01026,073
Owned
Fixed assetsn/a4,7825,7596,8428,49210,25711,32212,47512,1178,5328,5218,8737,3104,3254,3264,3484,9005,1135,2615,152
Goodwilln/a1,0721,1001,3151,7762,1682,1682,3302,3852,4142,6932,8252,8122,8042,8432,8292,8502,8382,9383,021
Investmentsn/a0.01,312653150n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Cash and equivalents1,8471,1242,0821,3982,6982,4842,3562,29110,0774,0092,3372,0082,2682,5633,0442,3462,2642,6182,2061,843
Receivablesn/a3,7952,9643,9245,0845,7876,1817,5645,3173,9225,0365,2344,5773,0713,6664,6274,8605,1174,9425,515
Inventoryn/a1,8281,5981,9402,5703,1863,3053,5712,9932,2752,3963,0283,1392,3492,3612,9233,2263,0402,9763,265
Other assetsn/a1,7841,7232,2252,9073,5283,8913,9344,0535,8484,1024,0145,2715,5686,0816,1826,5836,8616,6877,277
Total assetsn/a14,38516,53818,29723,67727,41029,22332,16536,94227,00025,08525,98225,37720,68022,32123,25524,68325,58725,01026,073
Filing10-K10-K10-K10-K10-K10-K10-K10-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.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded-0.6%9.0%3.0%1.5%
Profit growth, compoundedn/an/a-6.5%52.9%
Return on equity, average-1.7%21.1%21.4%12.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn 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.

Questions

What was Halliburton's revenue in fiscal 2025?

Halliburton (HAL) reported revenue of $22.2 billion for fiscal 2025, the year ended 31 December 2025, down 3.3% on the year before.

How much did Halliburton earn in fiscal 2025?

Net income was $1.3 billion for fiscal 2025, and diluted earnings per share $1.50.

What is Halliburton's P/E ratio?

At the close of 6 November 2026, Halliburton traded at 13.3 times its earnings over the twelve months to 30 September 2026.

What is Halliburton's market cap?

The market cap of Halliburton was $26.3 billion at the close of 6 November 2026.

Does Halliburton pay a dividend?

Yes. Halliburton declared $0.68 a share in dividends over the four quarters to 30 September 2026.

Peers: Petroleum and Natural Gas

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
SLB Limited SLB$73.7 billion24.2311.9%n/a4.6%0.492.3%
Halliburton Co. HAL$26.3 billion13.3218.0%12.6%1.5%0.642.1%
Oceaneering International Inc. OII$3.4 billion10.4427.1%10.4%3.0%0.40n/a
WaterBridge Infrastructure LLC WBI$3.1 billion179.561.3%15.5%n/a2.37n/a
Select Water Solutions, Inc. WTTR$2.2 billion57.863.0%3.5%-2.0%0.25n/a
National Energy Services Reunited Corp. NESR$2.0 billionn/an/an/an/a0.26n/a
Liberty Energy Inc. LBRT$2.0 billion49.812.1%1.7%13.6%0.673.0%
RPC Inc. RES$1.2 billionn/a-3.0%-2.2%17.8%0.033.0%
ProPetro Holding Corp. PUMP$785 millionn/a0.2%0.5%-6.0%0.86n/a
Hornbeck Offshore Services, Inc. HOS$783 million19.672.5%5.6%2.0%0.19n/a
ProFrac Holding Corp. ACDC$546 millionn/a-76.9%-12.0%-3.3%2.01n/a
Core Laboratories Inc. CLB$404 million22.645.6%7.5%-0.1%0.410.5%
All 98 in Petroleum and Natural Gas
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
ExxonMobil Holdings Corp. XOM$676.6 billion17.0315.3%14.0%19.0%0.132.5%
Chevron Corp. CVX$417.9 billion15.5613.9%16.7%20.0%0.173.3%
Shell plc SHEL *$281.9 billion16.5210.2%n/a-6.1%0.433.0%
TotalEnergies SE TTE *$193.8 billion15.2011.4%n/a-6.2%0.534.2%
ConocoPhillips COP$161.2 billion14.3217.5%n/a13.3%0.352.5%
BP plc BP *$122.4 billionn/a0.1%6.6%-1.1%1.094.1%
Petróleo Brasileiro S.A. (Petrobras) PBR *$119.3 billion6.0926.0%29.3%-2.4%0.356.8%
Equinor ASA EQNR *$105.0 billion21.6412.5%23.8%2.6%0.690.3%
Marathon Petroleum Corp. MPC$101.5 billion7.2863.0%12.5%31.2%1.421.1%
Canadian Natural Resources Limited CNQ *$101.0 billion13.1324.4%n/a8.7%0.373.5%
Valero Energy Corp. VLO$96.6 billion7.7946.3%11.5%24.6%0.391.4%
Phillips 66 PSX$95.8 billion7.8536.6%n/a27.5%0.542.0%
Suncor Energy Inc. SU *$82.0 billion19.7813.1%n/a-4.6%0.222.5%
Eni S.p.A. E *$82.0 billion31.825.4%6.1%-7.5%0.594.2%
EOG Resources Inc. EOG$76.3 billion9.5124.7%35.8%31.7%0.242.8%
SLB Limited SLB$73.7 billion24.2311.9%n/a4.6%0.492.3%
Imperial Oil Ltd. IMO$59.0 billion9.9424.8%14.2%15.7%0.142.3%
Occidental Petroleum Corp. OXY$56.4 billionn/an/an/an/a0.311.8%
Diamondback Energy, Inc. FANG$50.0 billion24.485.3%12.6%21.1%0.342.4%
Devon Energy Corp. DVN$48.1 billion10.558.6%16.2%27.1%0.252.7%
Woodside Energy Group Ltd. WDS *$40.0 billion14.817.6%30.0%-1.5%0.335.0%
EQT Corp. EQT$30.9 billion11.7110.4%41.8%18.6%0.221.3%
Halliburton Co. HAL$26.3 billion13.3218.0%12.6%1.5%0.642.1%
Expand Energy Corp. EXE$19.5 billion7.3314.1%25.7%28.2%0.242.7%
Permian Resources Corp. PR$18.3 billion11.3613.0%40.1%22.8%0.252.8%
Ovintiv Inc. OVV$16.4 billion12.2011.4%15.1%15.0%0.312.0%
APA Corp. APA$15.0 billion7.2430.2%46.4%-3.5%0.462.2%
Viper Energy, Inc. VNOM$14.7 billion29.655.4%36.2%n/a0.476.0%
Range Resources Corp. RRC$11.4 billion12.9218.3%32.4%20.8%0.160.8%
Antero Resources Corp. AR$11.1 billion8.1415.9%27.6%28.7%0.32n/a
PBF Energy Inc. PBF$8.2 billion3.0034.1%9.8%31.5%0.271.6%
Chord Energy Corp. CHRD$7.3 billion8.5510.9%22.8%30.1%0.183.8%
SM Energy Co. SM$7.0 billion7.2612.1%23.6%107.6%0.852.9%
Noble Corp. plc NE$6.5 billion123.881.3%12.0%-13.0%0.444.9%
Magnolia Oil & Gas Corp. MGY$6.3 billion10.6110.1%36.9%26.3%0.462.8%
Matador Resources Co. MTDR$6.2 billion8.6911.9%31.6%1.3%0.823.0%
Transocean Ltd. RIG$5.8 billion37.363.5%20.4%3.9%0.59n/a
Valaris Ltd. VAL$5.5 billion7.0024.4%9.0%-11.6%0.33n/a
Murphy Oil Corp. MUR$5.2 billion11.218.7%25.7%13.7%0.293.8%
CNX Resources Corp. CNX$5.0 billion5.9218.9%42.7%47.0%0.470.0%
Crescent Energy Co. CRGY$4.7 billionn/a1.2%27.8%33.5%0.924.3%
Valvoline Inc. VVV$4.4 billion43.4824.4%15.3%16.1%3.84n/a
California Resources Corp. CRC$4.1 billionn/a-16.5%-20.3%-23.8%0.423.5%
Comstock Resources Inc. CRK$3.9 billion9.1816.1%28.4%17.5%1.290.0%
Delek US Holdings, Inc. DK$3.9 billion3.4070.8%13.3%27.1%2.031.6%
Hess Midstream LP HESM$3.8 billion10.26n/a62.7%-0.6%n/an/a
CVR Energy Inc. CVI$3.8 billion14.5024.4%5.7%34.4%1.63n/a
Patterson-UTI Energy, Inc. PTEN$3.8 billionn/a-0.8%0.9%0.0%0.403.8%
Icahn Enterprises L.P. IEP$3.6 billionn/an/a-9.9%16.0%n/an/a
Helmerich & Payne, Inc. HP$3.5 billionn/a-5.1%2.3%16.6%0.700.7%
Calumet, Inc. CLMT$3.5 billionn/an/a3.4%28.4%n/an/a
Par Pacific Holdings, Inc. PARR$3.4 billion3.5940.7%13.2%29.1%0.21n/a
Oceaneering International Inc. OII$3.4 billion10.4427.1%10.4%3.0%0.40n/a
WaterBridge Infrastructure LLC WBI$3.1 billion179.561.3%15.5%n/a2.37n/a
Gulfport Energy Corp. GPOR$2.6 billion5.7725.5%44.3%20.3%0.56n/a
Seadrill Ltd. SDRL$2.6 billionn/a-0.6%8.6%17.1%0.26n/a
Quaker Chemical Corp. KWR$2.6 billion26.836.9%7.6%8.7%0.631.4%
Talos Energy Inc. TALO$2.5 billionn/a-20.2%-0.4%13.5%0.72n/a
Northern Oil & Gas, Inc. NOG$2.4 billionn/a-25.7%-24.2%-28.3%1.437.9%
Select Water Solutions, Inc. WTTR$2.2 billion57.863.0%3.5%-2.0%0.25n/a
National Energy Services Reunited Corp. NESR$2.0 billionn/an/an/an/a0.26n/a
Liberty Energy Inc. LBRT$2.0 billion49.812.1%1.7%13.6%0.673.0%
BKV Corp. BKV$1.9 billion8.319.8%28.1%34.2%0.89n/a
Mach Natural Resources LP MNR$1.5 billion10.02n/a17.9%36.7%n/an/a
Dorchester Minerals, L.P. DMLP$1.4 billion13.27n/a49.8%38.2%n/an/a
Kosmos Energy Ltd. KOS$1.3 billionn/a-68.9%-21.9%20.9%3.87n/a
Nabors Industries Ltd. NBR$1.2 billionn/a-6.8%14.0%4.8%3.57n/a
RPC Inc. RES$1.2 billionn/a-3.0%-2.2%17.8%0.033.0%
Tamboran Resources Corp. TBN$1.0 billionn/a-3.3%n/an/a0.07n/a
Riley Exploration Permian, Inc. REPX$911 million8.8816.0%45.6%45.5%0.383.9%
HighPeak Energy, Inc. HPK$903 millionn/an/an/an/a0.772.2%
Diversified Energy Co. DEC$898 million15.8811.0%14.7%n/a4.299.1%
Tetra Technologies Inc. TTI$889 million99.832.1%6.9%6.1%0.46n/a
Infinity Natural Resources, Inc. INR$811 million4.9615.1%40.9%75.4%1.35n/a
ProPetro Holding Corp. PUMP$785 millionn/a0.2%0.5%-6.0%0.86n/a
Hornbeck Offshore Services, Inc. HOS$783 million19.672.5%5.6%2.0%0.19n/a
TXO Partners, L.P. TXO$729 millionn/an/a-23.7%-1.2%n/an/a
Granite Ridge Resources, Inc. GRNT$698 millionn/a-9.7%13.7%24.2%0.858.3%
Atlas Energy Solutions Inc. AESI$676 millionn/a-13.0%-10.2%-3.7%0.9213.9%
Vitesse Energy, Inc. VTS$622 millionn/a-8.1%12.0%10.6%0.3312.7%
Vaalco Energy Inc. EGY$565 millionn/a-28.6%-10.4%-25.5%0.474.7%
ProFrac Holding Corp. ACDC$546 millionn/a-76.9%-12.0%-3.3%2.01n/a
W&T Offshore Inc. WTI$477 millionn/an/a5.0%20.3%n/a1.3%
Sandridge Energy Inc. SD$464 million4.7517.1%38.4%24.9%0.004.6%
Core Laboratories Inc. CLB$404 million22.645.6%7.5%-0.1%0.410.5%
Natural Gas Services Group Inc. NGS$357 million17.177.0%21.6%15.4%1.111.7%
Gran Tierra Energy Inc. GTE$334 millionn/a-308.1%-54.4%6.2%6.53n/a
Sable Offshore Corp. SOC$298 millionn/a-109.8%-292.8%n/a2.45n/a
Ranger Energy Services, Inc. RNGR$293 million20.884.7%3.7%6.1%0.050.5%
Ring Energy, Inc. REI$287 millionn/a-25.1%-20.5%7.4%0.47n/a
Pedevco Corp. PED$198 millionn/an/a14.0%229.4%0.00n/a
Epsilon Energy Ltd. EPSN$157 millionn/a-2.7%1.0%53.7%0.31n/a
Mammoth Energy Services, Inc. TUSK$150 million10.765.1%-10.6%-10.4%0.00n/a
Amplify Energy Corp. AMPY$138 million7.425.2%19.9%-23.7%0.00n/a
Evolution Petroleum Corp. EPM$125 millionn/a-4.0%4.0%0.6%0.9413.8%
Nine Energy Service, Inc. NINE$104 millionn/a52.4%-4.0%-7.2%0.76n/a
Empire Petroleum Corp. EP$103 millionn/a-974.5%-224.1%-20.8%2.07n/a
BIG SKY Industrial Inc. BSIN$71 millionn/a-28.8%-153.7%-48.7%0.12n/a
15 companies share its SEC industry code (Oil & Gas Field Services, Nec); the rest are the names nearest in size in its wider industry, Petroleum and Natural Gas, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on HAL

Dividends$0.68 a share over the four quarters to 30 September 2026, a 2.14% yield
Filings23 in twelve months: 12 current reports (8-K), about 8 regulation FD disclosure; 5 officer or director change; 4 results of operations; 2 other events; 1 shareholder vote
Planned insider sales22 Form 144 notices in twelve months, $43.8 million; latest 31 August 2026
Options tapeput/call 0.61 by open interest at the 6 November 2026 close; the straddle prices a 4.3% move to 13 November 2026
13F holders1,212 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading23 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest33.1 million shares short, 4.08 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202623 October 2026EDGAR
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

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