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Stocks · Energy · Oil & Gas Field Services, NEC

Halliburton

HAL Clue Score48
United States Fiscal year ends December CIK 0000045012
$32.55 -0.06% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $32.55 +31.89% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue15.89Operating income−6.77Net income−5.76EPS, diluted−6.69Fiscal year 2017Revenue20.62 +29.8%Operating income1.37Net income−0.46EPS, diluted−0.53Fiscal year 2018Revenue24.00 +16.4%Operating income2.47Net income1.66EPS, diluted1.89Fiscal year 2019Revenue22.41 −6.6%Operating income−0.45Net income−1.13 −168.3%EPS, diluted−1.29 −168.3%Fiscal year 2020Revenue14.45 −35.5%Operating income−2.44Net income−2.95EPS, diluted−3.34Fiscal year 2021Revenue15.30 +5.9%Operating income1.80Net income1.46EPS, diluted1.63Fiscal year 2022Revenue20.30 +32.7%Operating income2.71Net income1.57 +7.9%EPS, diluted1.73 +6.1%Fiscal year 2023Revenue23.02 +13.4%Operating income4.08Net income2.64 +67.8%EPS, diluted2.92 +68.8%Fiscal year 2024Revenue22.94 −0.3%Operating income3.82Net income2.50 −5.2%EPS, diluted2.83 −3.1%Fiscal year 2025Revenue22.18 −3.3%Operating income2.26Net income1.28 −48.7%EPS, diluted1.50 −47.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 15.89 20.62 24.00 22.41 14.45 15.30 20.30 23.02 22.94 22.18
Growth +29.8% +16.4% −6.6% −35.5% +5.9% +32.7% +13.4% −0.3% −3.3%
Operating income −6.77 1.37 2.47 −0.45 −2.44 1.80 2.71 4.08 3.82 2.26
Net income −5.76 −0.46 1.66 −1.13 −2.95 1.46 1.57 2.64 2.50 1.28
Growth −168.3% +7.9% +67.8% −5.2% −48.7%
EPS, diluted −6.69 −0.53 1.89 −1.29 −3.34 1.63 1.73 2.92 2.83 1.50
Growth −168.3% +6.1% +68.8% −3.1% −47.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−42.6%Net margin−36.3%Free cash flow margin−15.7%Fiscal year 2017Operating margin6.7%Net margin−2.2%Free cash flow margin5.3%Fiscal year 2018Operating margin10.3%Net margin6.9%Free cash flow margin4.7%Fiscal year 2019Operating margin−2.0%Net margin−5.0%Free cash flow margin4.1%Fiscal year 2020Operating margin−16.9%Net margin−20.4%Free cash flow margin8.0%Fiscal year 2021Operating margin11.8%Net margin9.5%Free cash flow margin7.3%Fiscal year 2022Operating margin13.3%Net margin7.7%Free cash flow margin6.1%Fiscal year 2023Operating margin17.7%Net margin11.5%Free cash flow margin9.0%Fiscal year 2024Operating margin16.7%Net margin10.9%Free cash flow margin10.6%Fiscal year 2025Operating margin10.2%Net margin5.8%Free cash flow margin7.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −42.6% 6.7% 10.3% −2.0% −16.9% 11.8% 13.3% 17.7% 16.7% 10.2%
Net margin −36.3% −2.2% 6.9% −5.0% −20.4% 9.5% 7.7% 11.5% 10.9% 5.8%
Free cash flow margin −15.7% 5.3% 4.7% 4.1% 8.0% 7.3% 6.1% 9.0% 10.6% 7.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−1.70Capital expenditure−0.80Free cash flow−2.50Buybacks0.00Dividends paid−0.62Fiscal year 2017Operating cash flow2.47Capital expenditure−1.37Free cash flow1.10Buybacks0.00Dividends paid−0.63Fiscal year 2018Operating cash flow3.16Capital expenditure−2.03Free cash flow1.13 +3.3%Buybacks−0.40Dividends paid−0.63Fiscal year 2019Operating cash flow2.45Capital expenditure−1.53Free cash flow0.92 −19.1%Buybacks−0.10Dividends paid−0.63Fiscal year 2020Operating cash flow1.88Capital expenditure−0.73Free cash flow1.15 +26.0%Buybacks−0.10Dividends paid−0.28Fiscal year 2021Operating cash flow1.91Capital expenditure−0.80Free cash flow1.11 −3.6%Buybacks0.00Dividends paid−0.16Fiscal year 2022Operating cash flow2.24Capital expenditure−1.01Free cash flow1.23 +10.7%Buybacks−0.25Dividends paid−0.44Fiscal year 2023Operating cash flow3.46Capital expenditure−1.38Free cash flow2.08 +68.9%Buybacks−0.80Dividends paid−0.58Fiscal year 2024Operating cash flow3.87Capital expenditure−1.44Free cash flow2.42 +16.5%Buybacks−1.01Dividends paid−0.60Fiscal year 2025Operating cash flow2.93Capital expenditure−1.25Free cash flow1.67 −31.0%Buybacks−1.01Dividends paid−0.58
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −1.70 2.47 3.16 2.45 1.88 1.91 2.24 3.46 3.87 2.93
Capital expenditure −0.80 −1.37 −2.03 −1.53 −0.73 −0.80 −1.01 −1.38 −1.44 −1.25
Free cash flow −2.50 1.10 1.13 0.92 1.15 1.11 1.23 2.08 2.42 1.67
Growth +3.3% −19.1% +26.0% −3.6% +10.7% +68.9% +16.5% −31.0%
Buybacks 0.00 0.00 −0.40 −0.10 −0.10 0.00 −0.25 −0.80 −1.01 −1.01
Dividends paid −0.62 −0.63 −0.63 −0.63 −0.28 −0.16 −0.44 −0.58 −0.60 −0.58

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash4.01Total debt12.38Net cash (debt)−8.37Shareholders’ equity9.41Debt to equity1.32Fiscal year 2017Cash2.34Total debt10.87Net cash (debt)−8.53Shareholders’ equity8.32Debt to equity1.31Fiscal year 2018Cash2.01Total debt10.35Net cash (debt)−8.34Shareholders’ equity9.52Debt to equity1.09Fiscal year 2019Cash2.27Total debt10.33Net cash (debt)−8.06Shareholders’ equity8.01Debt to equity1.29Fiscal year 2020Cash2.56Total debt9.83Net cash (debt)−7.26Shareholders’ equity4.97Debt to equity1.98Fiscal year 2021Cash3.04Total debt9.13Net cash (debt)−6.09Shareholders’ equity6.71Debt to equity1.36Fiscal year 2022Cash2.35Total debt7.93Net cash (debt)−5.58Shareholders’ equity7.95Debt to equity1.00Fiscal year 2023Cash2.26Total debt7.64Net cash (debt)−5.37Shareholders’ equity9.39Debt to equity0.81Fiscal year 2024Cash2.62Total debt7.54Net cash (debt)−4.92Shareholders’ equity10.51Debt to equity0.72Fiscal year 2025Cash2.21Total debt7.16Net cash (debt)−4.95Shareholders’ equity10.46Debt to equity0.68
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 4.01 2.34 2.01 2.27 2.56 3.04 2.35 2.26 2.62 2.21
Total debt 12.38 10.87 10.35 10.33 9.83 9.13 7.93 7.64 7.54 7.16
Net cash (debt) −8.37 −8.53 −8.34 −8.06 −7.26 −6.09 −5.58 −5.37 −4.92 −4.95
Shareholders’ equity 9.41 8.32 9.52 8.01 4.97 6.71 7.95 9.39 10.51 10.46
Debt to equity 1.32 1.31 1.09 1.29 1.98 1.36 1.00 0.81 0.72 0.68

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−42.6% 6.7% 10.3% −2.0% −16.9% 11.8% 13.3% 17.7% 16.7% 10.2%
−48.0% 3.3% 7.6% −5.0% −22.3% 8.2% 10.4% 14.6% 14.1% 8.0%
−36.3% −2.2% 6.9% −5.0% −20.4% 9.5% 7.7% 11.5% 10.9% 5.8%
−15.7% 5.3% 4.7% 4.1% 8.0% 7.3% 6.1% 9.0% 10.6% 7.5%
Spending
2.1% 1.7% 1.6% 1.8% 2.1% 2.1% 1.7% 1.8% 1.9% 1.9%
1.4% 1.2% 1.1% 1.0% 1.3% 1.3% 1.2% 1.0% 1.0% 1.1%
5.0% 6.7% 8.4% 6.8% 5.0% 5.2% 5.0% 6.0% 6.3% 5.7%
n/a 165.8% 8.7% n/a n/a −17.3% 24.4% 20.8% 22.2% 27.0%
Returns
−61.2% −5.6% 17.4% −14.1% −59.2% 21.7% 19.8% 28.1% 23.8% 12.3%
−21.3% −1.8% 6.4% −4.5% −14.2% 6.5% 6.8% 10.7% 9.8% 5.1%
Balance and payout
1.32 1.31 1.09 1.29 1.98 1.36 1.00 0.81 0.72 0.68
65.0% 66.7% 63.3% 68.4% 75.9% 69.9% 65.7% 61.8% 58.8% 58.0%
n/a n/a 38.0% n/a n/a 11.1% 27.7% 21.8% 24.0% 45.1%
n/a 57.2% 91.1% 79.8% 32.8% 14.5% 55.6% 66.2% 66.2% 94.9%