Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026
Basics
Sector
Energy
Industry
Oil & Gas Equipment & Services
Country
United States
Market cap
28.4B USD
Enterprise value
32.9B USD
Full-time employees
46,000
Overall health
Drawback:its share price swings more than most peers’ (beta 0.84 vs a peer median of 0.57), though less than the overall marketbigger price swings (beta 0.84 vs peers 0.57)
About average:profitability, growth, valuation and risk (debt, liquidity and share-price swings)profitability, growth, valuation and risk
Sales growing faster than profits. Since 2022: revenue +9.3%, operating profit −17%.
Since 2022, Halliburton's revenue changed +9.3% while operating profit fell 17%: costs rose faster than sales.
Share count shrinking. Shares outstanding down 7.6% from December 2022 to July 2026.
Halliburton had 7.6% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Profit is backed by cash. Free cash flow is 108% of reported profit.
Halliburton's free cash flow is 108% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 45 → 46
Share price -4.4%+4
Peer companies moved-3
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Why it changed since the Oct 27, 2026 close: Safety percentile 51 → 52
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Halliburton
Is Halliburton getting weaker?
Its latest SEC filing (Jul 24, 2026) showed no major changes. Its overall score is unchanged at 48/100 since Oct 28, 2026.
How is Halliburton valued vs its peers?
Priced about in line with its peers. Valuation scores 46/100 against 404 energy peers.
Is Halliburton growing?
At about the same pace as its peers. Growth scores 41/100 against 404 energy peers.
How profitable is Halliburton?
About as profitable as its peers. Profitability scores 54/100 against 404 energy peers.Return on assets 6.2% vs a peer median of 4.4% (stronger than 66% of peers).Return on assets 6.2% vs peers 4.4% (stronger than 66% of peers).
How risky is Halliburton?
Moderate risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Current ratio 2.02× vs a peer median of 1.37× (stronger than 74% of peers).Current ratio 2.02× vs peers 1.37× (stronger than 74% of peers).Beta 0.84 vs a peer median of 0.57 (weaker than 76% of peers).Beta 0.84 vs peers 0.57 (weaker than 76% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 24, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
22.2B USD
22.4B USD
+0.9%
Net income (12 months)
1.5B USD
1.6B USD
+4.0%
Operating margin
11.3%
11.4%
+0.1 pts
Free cash flow (12 months)
1.7B USD
1.7B USD
+2.8%
Debt
7.1B USD
7.1B USD
+0.0%
Cash
2.0B USD
2.0B USD
+2.2%
Shares outstanding
835.4M
833.1M
−0.3%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Energy · 117 companies
Valuations in Energy are above their usual range since 2016.
71% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +37% and earnings +10% (medians): prices rose faster than earnings.
Median price-to-sales is −30% vs the whole market, against a usual −35%.
2016Shaded: most expensive fifth of its range2026
Shown for Energy: too few Oil & Gas Equipment & Services companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Operating margin
11.8%
13.3%
17.7%
16.7%
10.2%
▼ 6.5 pts
Net margin
9.5%
7.7%
11.5%
10.9%
5.8%
▼ 5.1 pts
Return on assets (ROA)
6.5%
6.8%
10.7%
9.8%
5.1%
▼ 4.6 pts
Return on equity (ROE)
21.7%
19.8%
28.1%
23.8%
12.3%
▼ 12 pts
Free cash flow margin
7.3%
6.1%
9.0%
10.6%
7.5%
▼ 3.0 pts
Current ratio
2.31×
2.05×
2.06×
2.05×
2.04×
▼ 0.3%
Quick ratio
1.76×
1.50×
1.48×
1.54×
1.51×
▼ 2.4%
Debt to equity
1.36×
1.00×
0.81×
0.72×
0.68×
▼ 4.7%
HAL price history
Price history is added with the daily price update and will appear after the next one.