HAL FY 2025 Earnings Report — Halliburton Company Revenue & Financial Results | Market Cap Arena

Halliburton CompanyHAL

FY 2025 Earnings

Reported February 6, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$22.2B	—	$22.9B	—	-3.3%
Op. Income	$2.3B	—	$3.8B	—	-40.9%
Gross Margin	15.7%	—	18.7%	—	-3.0pp
Net Margin	5.8%	—	10.9%	—	-5.1pp
EPS (Diluted)	$1.50	—	$2.83	—	-47.0%
Free Cash Flow	$1.7B	—	$2.4B	—	-31.0%

Revenue Flow

Item	Amount
REVENUE	$22.2B
Cost of Revenue	$18.7B
GROSS PROFIT	$3.5B
R&D Expenses	$411M
Selling & Marketing	$0
General & Administrative	$239M
SG&A Expenses	$239M
Other Expenses	$574M
Operating Expenses	$1.2B
Cost & Expenses	$19.9B
OPERATING INCOME	$2.3B
Interest Income	$0
Interest Expense	$352M
Other Income/Expenses	-$489M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$479M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$1.1B
EBIT	$3.0B
EBITDA	$4.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$22.2B
Cost of Revenue	$18.7B
GROSS PROFIT	$3.5B
R&D Expenses	$411M
Selling & Marketing	$0
General & Administrative	$239M
SG&A Expenses	$239M
Other Expenses	$574M
Operating Expenses	$1.2B
Cost & Expenses	$19.9B
OPERATING INCOME	$2.3B
Interest Income	$0
Interest Expense	$352M
Other Income/Expenses	-$489M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$479M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$1.1B
EBIT	$3.0B
EBITDA	$4.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$774M
Change in Working Capital	-$276M
OPERATING CASH FLOW	$2.9B
Capital Expenditure	-$1.3B
Acquisitions (Net)	$0
Purchases of Investments	-$565M
Sales/Maturities of Investments	$564M
Other Investing Activities	-$70M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	-$389M
Common Stock Repurchased	-$1.0B
Common Dividends Paid	-$579M
Other Financing Activities	-$12M
NET CASH FROM FINANCING	-$2.0B
FREE CASH FLOW	$1.7B
Net Change in Cash	-$412M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.2B
Short-Term Investments	$0
Net Receivables	$4.9B
Inventory	$3.0B
Other Current Assets	$1.3B
TOTAL CURRENT ASSETS	$11.4B
PP&E (Net)	$5.3B
Goodwill	$2.9B
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$2.3B
Other Non-Current Assets	$3.1B
TOTAL NON-CURRENT ASSETS	$13.6B
TOTAL ASSETS	$25.0B
Account Payables	$3.1B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$5.6B
Long-Term Debt	$7.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.0B
TOTAL NON-CURRENT LIABILITIES	$8.9B
TOTAL LIABILITIES	$14.5B
Common Stock	$2.7B
Additional Paid-In Capital	$112M
Retained Earnings	$15.0B
Treasury Stock	-$7.0B
Accum. Other Comp. Income	-$363M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.5B
Minority Interest	$44M
TOTAL EQUITY	$10.5B
TOTAL LIABILITIES & EQUITY	$25.0B
Total Debt	$8.1B
Net Debt	$5.9B