Halliburton
HAL NYSE· Oil & Gas Equipment & Services
Last close · Oct 26, 2026
$35.44
KIRA · Stoqly’s AI analyst, in plain words
- Halliburton had $22.2B of revenue in fiscal 2025, down 3.3% on the year before. Over five years, revenue changed +9.0% a year on average.
- Its operating margin was 10.2%, down 6.5 pts: of every 100 in sales, about 10 is left after running the business.
- Halliburton made $1.3B of net profit in fiscal 2025.
- Free cash flow was $1.7B in fiscal 2025, 7.5% of revenue.
- Halliburton returned $1.6B to shareholders in fiscal 2025, 95% of free cash flow. The diluted share count fell 3.4%.
- Halliburton owes $5.1B more than it holds in cash, about 1.5 years of operating profit.
Market cap
$29.5B
P/E
—
Revenue
$22.2B
Net income
$1.3B
Free cash flow
$1.7B
Operating margin
10.2%
Halliburton in 30 seconds · fiscal 2025
Are sales growing?
−3.3%
No. Sales fell 3.3% last year.
Does it make a profit?
5.8%
A little. It keeps 5.8% of every sale as profit.
Does profit turn into cash?
7.5%
Partly. 7.5% of sales ends up as free cash.
Is debt under control?
1.5x
Keep an eye on it. Repaying its debt would take 1.5 years of operating profit.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
What Halliburton does
Halliburton provides products and services to the energy industry. Its customers are oil and natural gas producers, from the major companies to national and independent ones. It helps them locate hydrocarbons, drill and evaluate wells, build and complete wells, and get more production from them over the life of a field. It has more than 46,000 employees in more than 70 countries. It has two operating segments. Completion and Production covers cementing, stimulation (including hydraulic fracturing), specialty chemicals, well intervention, pressure control, artificial lift and completion products. Drilling and Evaluation covers drilling fluids, drill bits, directional drilling, wellbore placement and field and reservoir modeling and evaluation. Its revenue comes from selling these services and products to the energy industry. No single customer represented more than 10% of its consolidated revenue in any period presented.
Biggest risks, in its own words
- Swings in oil and natural gas prices, which change how much its customers spend on exploration and production.
- Reductions in its customers' capital spending, including because of consolidation or a shift toward other energy sources.
- Environmental, legal and regulatory requirements that affect its operations, including hydraulic fracturing.
- Supply constraints on raw materials such as sand, chemicals, metals and electronic parts.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 6, 2026
- Legal name
- HALLIBURTON COMPANY
- CIK
- 0000045012
Halliburton · HAL
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $15.3B | $20.3B | $23.0B | $22.9B | $22.2B |
| Revenue growth | 5.9% | 32.7% | 13.4% | −0.3% | −3.3% |
| Operating margin | 11.8% | 13.3% | 17.7% | 16.7% | 10.2% |
| Net income | $1.5B | $1.6B | $2.6B | $2.5B | $1.3B |
| Net margin | 9.5% | 7.7% | 11.5% | 10.9% | 5.8% |
| Diluted EPS | $1.63 | $1.73 | $2.92 | $2.83 | $1.50 |
| Cash | |||||
| Cash from operations | $1.9B | $2.2B | $3.5B | $3.9B | $2.9B |
| Capital expenditure | $799M | $1.0B | $1.4B | $1.4B | $1.3B |
| Free cash flow | $1.1B | $1.2B | $2.1B | $2.4B | $1.7B |
| FCF margin | 7.3% | 6.1% | 9.0% | 10.6% | 7.5% |
| Dividends paid | $161M | $435M | $576M | $600M | $579M |
| Share buybacks | $0.0M | $250M | $800M | $1.0B | $1.0B |
| Share count change | 1.3% | 1.8% | −0.7% | −2.1% | −3.4% |
| Debt and strength | |||||
| Cash and short-term investments | $3.0B | $2.3B | $2.3B | $2.6B | $2.2B |
| Debt incl. finance leases | $9.2B | $8.1B | $7.8B | $7.7B | $7.3B |
| Shareholders' equity | $6.7B | $7.9B | $9.4B | $10.5B | $10.5B |
| Net debt / EBITDA | 2.3x | 1.6x | 1.1x | 1.0x | 1.5x |
| Current ratio | 2.3x | 2.1x | 2.1x | 2.1x | 2.0x |
| Interest coverage | 3.5x | 5.6x | 8.9x | 8.7x | 5.2x |
| Returns and quality | |||||
| Return on capital | 14.2% | 15.4% | 22.6% | 19.4% | 10.5% |
| Return on equity | 24.9% | 21.4% | 30.4% | 25.1% | 12.2% |
| Piotroski F-score | 7 | 5 | 8 | 5 | 5 |
| Altman Z'' | 4.1 | 4.4 | 5.0 | 5.2 | 4.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$42.8M
10 insiders
Of sales under plans
99%
$42.5M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Halliburton · HAL
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Halliburton HAL | $29.5B | −3.3% | 10.2% | 7.5% | 10.5% | — | 5 |
| Baker Hughes BKR | — | −0.3% | — | 9.2% | 14.1% | — | — |
| Schlumberger SLB | $79.9B | −1.6% | — | 13.4% | 12.7% | 25.6x | 4 |
| TechnipFMC FTI | $28.5B | 9.4% | 14.5% | 14.6% | 37.2% | 24.4x | 8 |
| NOV NOV | $7.3B | −1.4% | 5.7% | 10.0% | 3.5% | 80.8x | 5 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $35.44 a share, the company is worth $29.5B.
Halliburton grew sales faster than 0 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0000045012). Data updated October 23, 2026. For information only — not investment advice. Check the original filings before relying on any figure.