Saturday 17 October 2026 Export HAL’s income statement to Excel — free account

Halliburton Company

HAL Energy Oil & Gas Equipment & Services

Halliburton Company’s revenue for fiscal 2025 (year ended December 2025) was $22.2 billion, down 3.31% from fiscal 2024. In the quarter to June 2026, revenue grew 3.70%, EPS grew 16.4%, free cash flow grew 14.8% and total debt fell 5.08%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.

33.50 0.61 +1.85%

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Market cap: $27.4B
P/E: 17.5×
Fwd P/E: 16.7×
Dividend yield: 2.03%
F-score: 5/9
Altman Z: 3.30
Beneish M: −2.70
Dividend safety: 73/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 42.80

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	1	6	—	4	2	2	1	—	4	—	—

Insider Ownership 0.76%

Capital & Financial Ratios $m

Market Cap 27,400.00

Revenue 22,373.00

Net Income 1,611.00

Free Cash Flow 1,942.00

Net Debt 5,113.00

Current Ratio 2.02

Debt/Equity 0.65

P/E ratio 17.54

Fwd P/E 16.70

P/S ratio 1.25

P/B ratio 2.53

Past 5Y EPS Growth —

This Y EPS Growth (3.31%)

Next Y EPS Growth 23.14%

Next Y revenue growth 0.74%

Next 5Y EPS Growth 12.11%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 55.05%

10-year low 10-year high

P/S against its own 10 years 37.89%

10-year low 10-year high

P/B against its own 10 years 28.23%

10-year low 10-year high

EV/Sales against its own 10 years 33.87%

10-year low 10-year high

EV/FCF against its own 10 years 31.17%

10-year low 10-year high

Dividends

Payout Ratio 0.36

Annual Dividend Rate 0.68

Annual Dividend Yield 2.03%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.68	0.17 0.17 0.17
2025	0.68	0.17 0.17 0.17 0.17
2024	0.68	0.17 0.17 0.17 0.17
2023	0.64	0.16 0.16 0.16 0.16
2022	0.48	0.12 0.12 0.12 0.12
2021	0.18	0.05 0.05 0.05 0.05
2020	0.32	0.18 0.05 0.05 0.05
2019	0.72	0.18 0.18 0.18 0.18
2018	0.72	0.18 0.18 0.18 0.18
2017	0.72	0.18 0.18 0.18 0.18
2016	0.72	0.18 0.18 0.18 0.18

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,264	2,618	2,206	2,048
Receivables	4,860	5,117	4,942	5,325
Inventory	3,226	3,040	2,976	3,056
Other	1,193	1,607	1,274	1,453
	11,543	12,382	11,398	11,882

	2023	2024	2025	Q'26
Payables	3,147	3,189	3,133	3,456
ST’ Debt	—	381	—	90
Other	1,120	1,057	1,050	1,014
	5,608	6,050	5,588	5,887

Compound Annual Growth %

	10y	5y	3y
Sales	(0.63%)	8.96%	3.01%
Cash Flow	0.07%	9.24%	9.28%
Earnings	0.00%	0.00%	(6.55%)
Book Value	(3.81%)	16.09%	9.61%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5,402	5,714	—	—	—
’25	5,417	5,510	5,600	5,657	22,184
’24	5,804	5,833	5,697	5,610	22,944
’23	5,677	5,798	5,804	5,739	23,018
’22	4,284	5,074	5,357	5,582	20,297
’21	3,451	3,707	3,860	4,277	15,295
’20	5,037	3,196	2,975	3,237	14,445

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	273	824	—	—	—
’25	377	896	488	1,165	2,926
’24	487	1,081	841	1,456	3,865
’23	122	1,052	874	1,410	3,458
’22	(50)	376	753	1,163	2,242
’21	203	409	617	682	1,911
’20	225	598	420	638	1,881

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	123	668	—	—	—
’25	124	582	276	875	1,857
’24	206	793	543	1,104	2,646
’23	(105)	798	511	1,070	2,274
’22	(183)	215	543	856	1,431
’21	157	265	469	478	1,369
’20	81	509	342	507	1,439

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.55	0.64	—	—	—
’25	0.24	0.55	0.02	0.70	1.50
’24	0.68	0.80	0.65	0.70	2.83
’23	0.72	0.68	0.79	0.74	2.92
’22	0.29	0.12	0.60	0.72	1.73
’21	0.19	0.26	0.26	0.92	1.63
’20	(1.16)	(1.91)	(0.02)	(0.27)	(3.34)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	27.64	38.18	24.70	16.97	4.25	17.23	23.01	27.84	25.51	18.72	Analyst estimates 2026–2028 Powerpack
	High	56.08	58.78	57.86	32.71	25.47	26.75	43.99	43.85	41.56	30.40
People
People	Employees	50,000	55,000	60,000	55,000	40,000	40,000	45,000	48,000	48,000	46,000
	Revenue/emp, $m	0.32	0.37	0.40	0.41	0.36	0.38	0.45	0.48	0.48	0.48
Income, $m
Income, $m	Revenue	15,887	20,620	23,995	22,408	14,445	15,295	20,297	23,018	22,944	22,184
	Gross margin, %	5.48	11.04	12.44	10.20	10.70	13.18	16.32	18.94	18.75	15.71
	EBT	(7,625)	682	1,814	(1,122)	(3,220)	1,252	2,110	3,363	3,234	1,771
	EBT margin, %	(48.00)	3.31	7.56	(5.01)	(22.29)	8.19	10.40	14.61	14.10	7.98
	Net income	(5,769)	(468)	1,657	(1,129)	(2,942)	1,468	1,595	2,662	2,516	1,292
	Depreciation	1,503	1,556	1,606	1,625	1,058	904	940	998	1,079	1,136
Per share, $
Per share, $	Revenue	18.45	23.70	27.42	25.61	16.40	17.15	22.45	25.60	26.01	26.01
	Earnings	(6.69)	(0.53)	1.89	(1.29)	(3.34)	1.63	1.74	2.93	2.84	1.50
	Cash flow	(1.98)	2.84	3.61	2.79	2.14	2.14	2.48	3.85	4.38	3.43
	Capex	(0.67)	(1.40)	(2.07)	(1.53)	(0.50)	(0.61)	(0.90)	(1.32)	(1.38)	(1.25)
	Free cash flow	(2.65)	1.44	1.54	1.26	1.63	1.53	1.58	2.53	3.00	2.18
	Book value	10.97	9.60	10.91	9.17	5.66	7.54	8.82	10.49	11.96	12.32
	Shares, m	861	870	875	875	881	892	904	899	882	853
Valuation, ×
Valuation, ×	P/E	0.00	0.00	14.06	0.00	0.00	14.03	21.77	12.29	9.61	18.72
	P/S	3.02	2.09	0.97	0.96	1.15	1.33	1.68	1.41	1.05	1.09
	P/B	5.07	5.17	2.44	2.67	3.34	3.03	4.27	3.44	2.27	2.29
	EV/Sales	3.54	2.51	1.32	1.32	1.66	1.75	1.96	1.65	1.26	1.33
	EV/FCF	(24.71)	41.31	23.42	26.67	16.62	19.54	27.87	16.75	10.92	15.85
Cash, $m
Cash, $m	Operating cash flow	(1,703)	2,468	3,157	2,445	1,881	1,911	2,242	3,458	3,865	2,926
	Capex	(576)	(1,215)	(1,808)	(1,340)	(442)	(542)	(811)	(1,184)	(1,219)	(1,069)
	Free cash flow	(2,279)	1,253	1,349	1,105	1,439	1,369	1,431	2,274	2,646	1,857
Balance, $m
Balance, $m	Working capital	7,654	5,915	6,349	6,334	5,054	5,637	5,607	5,935	6,332	5,810
	Total debt	12,384	10,942	10,348	10,327	9,827	9,400	8,178	7,636	7,541	7,158
	Net debt	8,375	8,605	8,340	8,059	7,264	6,356	5,832	5,372	4,923	4,952
	Shareholders’ equity	9,448	8,349	9,544	8,025	4,983	6,728	7,977	9,433	10,548	10,505
Returns, %
Returns, %	ROA	(18.03)	(1.78)	6.49	(4.40)	(12.79)	6.78	6.90	11.01	9.95	5.07
	ROIC	(23.74)	5.07	8.62	(1.74)	(12.43)	8.60	12.25	17.24	15.44	9.14
	ROE	(46.21)	(5.20)	18.51	(12.87)	(45.28)	24.88	21.38	30.30	25.03	12.19

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SLB SLB Limited	$71.8B	23.8×	21.0×	+4.98% (above 0%: growing)	−28.38% (below 0%: shrinking)	+13.53% (above 0%: growing)	15.55%	11.94%	Compare
BKR Baker Hughes Company	$54.0B	17.7×	23.2×	−2.43% (below 0%: shrinking)	−2.82% (below 0%: shrinking)	+365.97% (above 0%: growing)	23.39%	14.21%	Compare
TS Tenaris S.A.	$30.7B	15.9×	—	−3.86% (below 0%: shrinking)	−4.04% (below 0%: shrinking)	−33.29% (below 0%: shrinking)	33.19%	16.65%	Compare
HAL Halliburton Company	$27.4B	17.5×	16.7×	+3.70% (above 0%: growing)	+16.36% (above 0%: growing)	+14.78% (above 0%: growing)	14.07%	13.62%
FTI TechnipFMC plc	$26.8B	23.7×	22.8×	+9.01% (above 0%: growing)	+41.54% (above 0%: growing)	+87.22% (above 0%: growing)	24.78%	17.54%	Compare
NOV NOV Inc.	$6.6B	72.8×	25.5×	−2.47% (below 0%: shrinking)	+6.90% (above 0%: growing)	−116.81% (below 0%: shrinking)	24.41%	9.04%	Compare
LB LandBridge Company LLC	$6.3B	60.9×	47.5×	+40.62% (above 0%: growing)	+43.33% (above 0%: growing)	+11.25% (above 0%: growing)	98.30%	66.07%	Compare
WFRD Weatherford International PLC	$5.5B	14.9×	16.5×	−8.22% (below 0%: shrinking)	−70.59% (below 0%: shrinking)	+77.50% (above 0%: growing)	30.14%	9.68%	Compare
SEI Solaris Energy Infrastructure, Inc.	$5.2B	61.5×	55.4×	+46.92% (above 0%: growing)	+13.33% (above 0%: growing)	−89.73% (below 0%: shrinking)	57.55%	25.76%	Compare
Median of peers	$16.7B	23.7×	23.2×	+1.28%	+2.04%	+12.39%	27.46%	15.43%

All 46 Oil & Gas Equipment & Services stocks →

Halliburton Company (HAL) key facts

Concern: Halliburton Company’s revenue for fiscal 2025 (year ended December 2025) was $22.2 billion, down 3.31% from fiscal 2024.
Halliburton Company (HAL) is an Oil & Gas Equipment & Services company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, HAL traded at $33.50, a market capitalization of $27.4 billion.
Halliburton Company pays an annual dividend of $0.68 per share, a yield of 2.03%, with a payout ratio of 35.6%.
Return on equity was 12.2% and debt-to-equity 0.65.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.30 (safe zone) for fiscal 2025.