HAL

MKT CAP:$34B

Halliburton Company

Market Cap

$34B

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NYSE

Energy·Oil & Gas Equipment & Services·🇺🇸·NYSE

Stock Price

$40.26+$10.66 (+36.00%)

Apr 24, 2026

Company Details

Halliburton 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 se...

CEO

Jeffrey Allen Miller

IPO Date

Jun 1, 1972

Website

www.halliburton.com

Key Metrics TTM

Revenue

$22.1B

-4.7% YoY

Net Income

$1.9B

EPS (Diluted)

$2.19

Free Cash Flow

$2.0B

Revenue / Share

$26.32

Gross Margin

16.4%

Operating Margin

12.6%

Net Margin

8.5%

FCF Margin

9.1%

P/S

1.5x

P/E

18.0x

Earnings Reports

Q1 2026

Apr 21, 2026

NEW

$5.4B-0.3%EPS $0.55

FY 2025

Feb 6, 2026

$22.2B-3.3%EPS $1.50

Q4 2025

Feb 6, 2026

$5.7B+0.8%EPS $0.70

Q1 2025

Apr 25, 2025

$5.4B-6.7%EPS $0.24

FY 2024

Feb 12, 2025

$22.9B-0.3%EPS $2.83

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 19	$5.2B	$638M	-$1.7B
Q1 20	$5.0B	$556M	-$571M
Q2 20	$3.2B	$279M	-$1.9B
Q1 21	$3.5B	$418M	$370M
Q4 21	$4.3B	$609M	$550M
Q1 22	$4.3B	$585M	$511M
Q3 22	$5.4B	$905M	$846M
Q1 23	$5.7B	$1.0B	$977M
Q2 23	$5.8B	$1.1B	$1.0B
Q4 23	$5.7B	$1.1B	$1.1B
Q1 24	$5.8B	$1.1B	$987M
Q2 24	$5.8B	$1.1B	$1.0B
Q4 24	$5.6B	$1.0B	$932M
Q1 25	$5.4B	$879M	$431M
Q4 25	$5.7B	$930M	$746M
Q1 26	$5.4B	$790M	$679M

Valuation

Quarter	P/S	P/E
Q4 19	1.0x	—
Q1 20	0.3x	—
Q2 20	0.6x	—
Q1 21	1.1x	—
Q4 21	1.4x	—
Q1 22	2.2x	—
Q3 22	1.4x	13.3x
Q1 23	1.6x	13.5x
Q2 23	1.4x	14.6x
Q4 23	1.4x	12.7x
Q1 24	1.5x	14.0x
Q2 24	1.3x	11.4x
Q4 24	1.0x	9.1x
Q1 25	1.0x	10.2x
Q4 25	1.0x	11.2x
Q1 26	1.5x	17.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 19	$1.2B	$827M
Q1 20	$225M	$12M
Q2 20	$598M	$456M
Q1 21	$203M	$99M
Q4 21	$682M	$366M
Q1 22	-$50M	-$239M
Q3 22	$753M	$502M
Q1 23	$122M	-$146M
Q2 23	$1.1B	$749M
Q4 23	$1.4B	$1.0B
Q1 24	$487M	$157M
Q2 24	$1.1B	$734M
Q4 24	$1.5B	$1.0B
Q1 25	$377M	$75M
Q4 25	$1.2B	$828M
Q1 26	$273M	$81M

Capital Expenditures

Quarter	CapEx
Q4 19	$340M
Q1 20	$213M
Q2 20	$142M
Q1 21	$104M
Q4 21	$316M
Q1 22	$189M
Q3 22	$251M
Q1 23	$268M
Q2 23	$303M
Q4 23	$399M
Q1 24	$330M
Q2 24	$347M
Q4 24	$426M
Q1 25	$302M
Q4 25	$337M
Q1 26	$192M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 19	-15.9%	+25.4%
Q1 20	-15.1%	+5.3%
Q2 20	-44.3%	-4.9%
Q1 21	-37.8%	-38.6%
Q4 21	-17.6%	-45.5%
Q1 22	-14.9%	-32.7%
Q3 22	+67.6%	-11.7%
Q1 23	+64.5%	+52.5%
Q2 23	+35.6%	+28.4%
Q4 23	+34.0%	+24.1%
Q1 24	+8.3%	+6.8%
Q2 24	+2.7%	+2.1%
Q4 24	-3.2%	-2.3%
Q1 25	-5.6%	+6.5%
Q4 25	-2.5%	+2.0%
Q1 26	-7.4%	-1.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 19	$0	0.0%
Q1 20	$0	0.0%
Q2 20	$0	0.0%
Q1 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q3 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q4 19	$404M	$59M	—
Q1 20	—	$54M	—
Q2 20	—	$43M	—
Q1 21	—	$48M	—
Q4 21	$321M	—	$59M
Q1 22	—	$52M	—
Q3 22	—	$59M	—
Q1 23	—	$54M	—
Q2 23	—	$54M	—
Q4 23	$408M	$60M	—
Q1 24	—	$61M	—
Q2 24	—	$62M	—
Q4 24	$426M	$61M	—
Q1 25	—	$62M	—
Q4 25	$411M	$59M	—
Q1 26	—	$69M	—

Revenue Segments

Quarter	Completion And Production	Drilling And Evaluation
Q4 19	$3.1B	$2.1B
Q1 20	$3.0B	$2.1B
Q2 20	$1.7B	$1.5B
Q1 21	$1.9B	$1.6B
Q4 21	$2.4B	$1.9B
Q1 22	$2.4B	$1.9B
Q3 22	$3.1B	$2.2B
Q1 23	$3.4B	$2.3B
Q2 23	$3.5B	$2.3B
Q4 23	$3.3B	$2.4B
Q1 24	$3.4B	$2.4B
Q2 24	$3.4B	$2.4B
Q4 24	$3.2B	$2.4B
Q1 25	$3.1B	$2.3B
Q4 25	$3.3B	$2.4B

Revenue by Geography

Quarter	Europe/Africa/CIS	Latin America	Middle East/Asia	North America
Q4 19	$883M	$598M	$1.4B	$2.3B
Q1 20	$831M	$516M	$1.2B	$2.5B
Q2 20	$691M	$346M	$1.1B	$1.0B
Q1 21	$634M	$535M	$878M	$1.4B
Q4 21	$730M	$669M	$1.1B	$1.8B
Q1 22	$677M	$653M	$1.0B	$1.9B
Q3 22	$639M	$841M	$1.2B	$2.6B
Q1 23	$662M	$915M	$1.3B	$2.8B
Q2 23	$698M	$994M	$1.4B	$2.7B
Q4 23	$767M	$1.0B	$1.5B	$2.4B
Q1 24	$729M	$1.1B	$1.4B	$2.5B
Q2 24	$757M	$1.1B	$1.5B	$2.5B
Q4 24	$795M	$953M	$1.6B	$2.2B
Q1 25	$775M	$896M	$1.5B	$2.2B
Q4 25	$928M	$1.1B	$1.5B	$2.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$2.2B	$0	$2.2B
Q3 22	$2.0B	$0	$2.0B
Q4 22	$2.3B	$0	$2.3B
Q1 23	$1.9B	$0	$1.9B
Q2 23	$2.1B	$0	$2.1B
Q3 23	$2.0B	$0	$2.0B
Q4 23	$2.3B	$0	$2.3B
Q1 24	$1.9B	$0	$1.9B
Q2 24	$2.1B	$0	$2.1B
Q3 24	$2.2B	$0	$2.2B
Q4 24	$2.6B	$0	$2.6B
Q1 25	$1.8B	$0	$1.8B
Q2 25	$2.0B	$0	$2.0B
Q3 25	$2.0B	$0	$2.0B
Q4 25	$2.2B	$0	$2.2B
Q1 26	$2.0B	$0	$2.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 19	878M	+0.2%	0.0%
Q1 20	878M	0.0%	+0.6%
Q2 20	877M	-0.1%	+0.5%
Q1 21	889M	+1.4%	+1.5%
Q4 21	896M	+0.8%	+2.1%
Q1 22	903M	+0.8%	+2.8%
Q3 22	910M	+0.8%	+3.8%
Q1 23	907M	-0.3%	+2.0%
Q2 23	903M	-0.4%	+0.8%
Q4 23	897M	-0.7%	-0.7%
Q1 24	891M	-0.7%	-2.1%
Q2 24	886M	-0.6%	-2.3%
Q4 24	883M	-0.3%	-2.2%
Q1 25	866M	-1.9%	-3.5%
Q4 25	840M	-3.0%	-5.7%
Q1 26	839M	-0.1%	-5.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 19	$94.4K	55K
Q1 20	$91.6K	55K
Q2 20	$58.1K	55K
Q1 21	$86.3K	40K
Q4 21	$106.9K	40K
Q1 22	$107.1K	40K
Q3 22	$133.9K	40K
Q1 23	$126.2K	45K
Q2 23	$128.8K	45K
Q4 23	$119.6K	48K
Q1 24	$120.9K	48K
Q2 24	$121.5K	48K
Q4 24	$116.9K	48K
Q1 25	$112.9K	48K
Q4 25	$123.0K	46K
Q1 26	$117.4K	46K

Revenue / Employee