Halliburton (HAL) FY2024 results: revenue $22.9 billion, down 0.3% on the year
Halliburton Co. (HAL) reported revenue of $22.9 billion for fiscal 2024, the year ended 31 December 2024, down 0.3% on the year before. Net income was $2.5 billion, down 5.2%, and diluted earnings per share $2.83. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2025.
Revenue
$22.9 billion
-0.3% on the year
FY2017FY2024
Operating margin
16.7%
17.7% a year earlier
FY2017FY2024
Net income
$2.5 billion
-5.2% on the year
FY2017FY2024
Diluted EPS
$2.83
-3.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,865
3,458
2,242
+11.8%
Capital expenditure
1,442
1,379
1,011
+4.6%
Free cash flow
2,423
2,079
1,231
+16.5%
Free cash flow margin
10.6%
9.0%
6.1%
Cash from investing
-1,654
-1,659
-967
Cash from financing
-1,730
-1,671
-1,798
Depreciation and amortisation
1,079
998
940
+8.1%
Buybacks
1,005
800
250
+25.6%
Dividends paid
600
576
435
+4.2%
Dividend per share
$0.68
$0.64
$0.48
+6.3%
Diluted shares, weighted
883m
902m
908m
-2.1%
Shares outstanding at period end
868m
889m
902m
-2.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
10,506
9,391
7,948
+11.9%
Non-controlling interest
42.0
42.0
29.0
0.0%
Debt
7,541
7,636
7,928
-1.2%
Operating lease liabilities
798
911
791
-12.4%
Finance lease liabilities
126
n/a
n/a
Other liabilities
6,574
6,703
6,559
-1.9%
Total liabilities and equity
25,587
24,683
23,255
+3.7%
Fixed assets
5,113
4,900
4,348
+4.3%
Goodwill
2,838
2,850
2,829
-0.4%
Cash and equivalents
2,618
2,264
2,346
+15.6%
Receivables
5,117
4,860
4,627
+5.3%
Inventory
3,040
3,226
2,923
-5.8%
Other assets
6,861
6,583
6,182
+4.2%
Total assets
25,587
24,683
23,255
+3.7%
10-K for the year ended 31 December 2024, filed 12 February 2025: the filing.