Zacks Investment Research·Jun 25, 2026
Halliburton (HAL) Ascends While Market Falls: Some Facts to NoteHalliburton (HAL) concluded the recent trading session at $34.67, signifying a +2.27% move from its prior day's close.
Halliburton Company(HAL)Earnings, Financials & Key Ratios
HAL•NYSE
$33.01
22.0× P/E·Price updated Jul 2, 2026
AboutHalliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning. This segment also provides electrical submersible pumps, as well as artificial lift services. The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; oilfield completion, production, and downstream water and process treatment chemicals and services; drilling systems and services; wireline and perforating services consists of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. This segment also provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas.Show more
- Revenue$22.18B-3.3%
- EBITDA$3.4B-30.7%
- Net Income$1.28B-48.7%
- EPS (Diluted)1.50-47.0%
- Gross Margin15.71%-16.2%
- EBITDA Margin15.31%-28.3%
- Operating Margin10.19%-38.8%
- Net Margin5.78%-46.9%
- ROE12.19%-51.3%
HAL Price & Volume
Halliburton Company (HAL) stock price & volume — 10-year historical chart
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Cyclical Margin Compression Challenges Halliburton Financial Resilience
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Contracting
Profitability:Strained
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Cyclical demand and pricing
Key Thesis Takeaways
- Halliburton faces a challenging environment characterized by persistent revenue contraction and significant margin compression, as evidenced by the decline in gross margins from 19.7% in 2023Q4 to 14.6% in 2026Q1.
- While the company has demonstrated disciplined deleveraging by reducing its debt-to-equity ratio to 0.74, the volatility in free cash flow and high capital intensity remain primary concerns for long-term value creation.
- Investors should monitor the company's ability to stabilize its cash conversion cycle, which currently faces pressure from erratic working capital swings, including a $486 million outflow in 2026Q1.
Verdict Logic
while the company maintains a stable balance sheet with a 2.08 current ratio, the significant compression of free cash flow margins to 1.5% in 2026Q1 suggests that operational headwinds may continue to limit near-term upside.
HAL Growth Metrics
Halliburton Company (HAL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-0.63%
5 Years8.96%
3 Years3.01%
TTM-1.72%
Profit CAGR
10 Years-
5 Years-
3 Years-6.55%
TTM-26.63%
EPS CAGR
10 Years-
5 Years-
3 Years-4.64%
TTM-23.8%
Return on Capital
10 Years5.71%
5 Years15.81%
3 Years17.83%
Last Year11.6%
HAL Recent Earnings
Halliburton Company (HAL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 21, 2026Metric
Actual
Est
EPS
$0.55+10.3%
$0.50
Rev
$5.4B+1.8%
$5.3B
Q1 2026
Jan 21, 2026Metric
Actual
Est
EPS
$0.69+25.2%
$0.55
Rev
$5.7B+4.6%
$5.4B
Q4 2025
Oct 21, 2025Metric
Actual
Est
EPS
$0.58+16.3%
$0.50
Rev
$5.6B+3.9%
$5.4B
Q3 2025
Jul 22, 2025Metric
Actual
Est
EPS
$0.55-0.4%
$0.55
Rev
$5.5B+1.9%
$5.4B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $0.55vs $0.50+10.3% | $5.4Bvs $5.3B+1.8% |
| Q1 2026 | Jan 21, 2026 | $0.69vs $0.55+25.2% | $5.7Bvs $5.4B+4.6% |
| Q4 2025 | Oct 21, 2025 | $0.58vs $0.50+16.3% | $5.6Bvs $5.4B+3.9% |
| Q3 2025 | Jul 22, 2025 | $0.55vs $0.55-0.4% | $5.5Bvs $5.4B+1.9% |
Based on last 12 quarters of dataView full earnings history →
Latest HAL News
Recent stock market news and headlines for Halliburton Company (HAL)
Zacks Investment Research·Jun 24, 2026
HAL or BKR: Which Is the Better Value Stock Right Now?Investors interested in stocks from the Oil and Gas - Field Services sector have probably already heard of Halliburton (HAL) and Baker Hughes (BKR). But which of these two stocks offers value investors a better bang for their buck right now?
GlobeNewsWire·Jun 17, 2026
Deep Isolation Nuclear Appoints Drilling Veteran Jon Tedrick to Lead World's First Full-scale Deep Borehole Disposal DemonstrationIndustry veteran relocates to Texas to support field execution of the project as Deep Isolation advances its full-scale demonstration and the next phase of commercialization Industry veteran relocates to Texas to support field execution of the project as Deep Isolation advances its full-scale demonstration and the next phase of commercialization
GuruFocus·Jun 17, 2026
Why I Like the Energy StocksJune 15, 2026 â (Maple Hill Syndicate) â Oil and gasoline prices will âdrop like a rock,â President Trump has said.When? âAs soon as the war is over.â
Zacks Investment Research·Jun 15, 2026
Halliburton (HAL) Stock Sinks As Market Gains: What You Should KnowHalliburton (HAL) reached $38.18 at the closing of the latest trading day, reflecting a -3.59% change compared to its last close.
Peers Comparison
Key metrics vs top competitors for Halliburton Company (HAL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $33.01 | $27.57B | 22.01 | -3.31% | 5.78% | 12.19% | 2.09% | |
| $45.09 | $67.41B | 19.19 | -1.6% | 9.2% | 12.82% | — | |
| $53.82 | $53.38B | 20.70 | -0.34% | 11.17% | 16.13% | — | |
| $80.21 | $5.75B | 13.53 | -10.79% | 9.49% | 28.31% | — | |
| $5.72 | $1.27B | 38.13 | 14.95% | 1.2% | 1.91% | — | |
| $43.10 | $113.12M | 4.98 | 13.64% | 10.76% | 14.37% | — |
Compare HAL vs Peers
Halliburton Company (HAL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HAL SEC Filings & Documents
Halliburton Company (HAL) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 21, 2026·SEC
Material company update
Jan 21, 2026·SEC
Material company update
Jan 14, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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HAL Frequently Asked Questions
Halliburton Company (HAL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Halliburton Company's revenue?
Halliburton Company (HAL) reported $22.17B in revenue for fiscal year 2025. This represents a 59% increase from $13.95B in 1996.
How fast is Halliburton Company growing?
Halliburton Company (HAL) saw revenue decline by 3.3% over the past year.
Is HAL profitable?
Yes, Halliburton Company (HAL) is profitable, generating $1.54B in net income for fiscal year 2025 (5.8% net margin).
Dividend & Returns
Does HAL pay dividends?
Yes, Halliburton Company (HAL) pays a dividend with a yield of 2.09%. This makes it attractive for income-focused investors.
What is HAL's return on equity?
Halliburton Company (HAL) has a return on equity (ROE) of 12.2%. This is reasonable for most industries.
What is Halliburton Company's free cash flow?
Halliburton Company (HAL) generated $1.68B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.