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Investment Highlights Market Valuation Price Chart Return vs. Risk About HAL Interactive Breakdown Better Bets vs. HAL Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Halliburton (HAL)

Market Price (10/22/2025): $25.26 | Market Cap: $21.6 Bil
Sector: Energy | Industry: Oil & Gas Equipment & Services

Halliburton (HAL)

Market Price (10/22/2025): $25.26
Market Cap: $21.6 Bil
Sector: Energy
Industry: Oil & Gas Equipment & Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.8%, FCF Yield is 9.9%		 Weak multi-year price returns
2Y Excs Rtn is -92%, 3Y Excs Rtn is -96%		 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.1%, Rev Chg QQuarterly Revenue Change % is -5.5%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, CFO LTM is 3.6 Bil, FCF LTM is 2.1 Bil		  
2 Low stock price volatility
Vol 12M is 43%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.8%, FCF Yield is 9.9%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, CFO LTM is 3.6 Bil, FCF LTM is 2.1 Bil
2 Low stock price volatility
Vol 12M is 43%
3 Weak multi-year price returns
2Y Excs Rtn is -92%, 3Y Excs Rtn is -96%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.1%, Rev Chg QQuarterly Revenue Change % is -5.5%

Market Valuation & Key Metrics

HALS&P 500
REVENUE GROWTHVERY POOR
Rev LTM ($ Bil)22.2
Rev Chg Q-5.5%6.1%
Rev Chg LTM-4.1%5.2%
Rev Chg 3Y Avg9.2%5.4%
PROFITABILITYFAIR
Op Inc LTM ($ Bil)3.4
Op Mgn LTM15.4%18.6%
CFO LTM ($ Bil)3.6
CFO/Rev LTM16.1%20.4%
Net Inc LTM ($ Bil)1.9
Net Inc Mgn8.4%12.7%
VALUATIONLOW
P/S1.03.2
P/CFO6.115.9
P/FCF10.121.0
P/E11.624.2
STABILITYGOOD
Debt/Equity0.400.21
Cash/Assets0.080.07

HAL Stock

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
HAL Return-21%22%74%-6%-23%-5%1%
Peers Return-27%1%52%15%4%6%41%
S&P 500 Return16%27%-19%24%23%15%106%

Monthly Win Rates [3]
HAL Win Rate67%50%67%42%25%56% 
Peers Win Rate37%37%52%40%38%56% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
HAL Max Drawdown-81%-9%0%-29%-27%-29% 
Peers Max Drawdown-58%-14%-4%-15%-16%-17% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: BKR, HAL, FTI, NOV, HMH. See HAL Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/21/2025 (YTD)

How Low Can It Go

Unique KeyEventHALS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-45.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven84.3%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven386 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-81.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven450.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven576 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-70.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven236.3%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-75.0%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven300.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven959 days1480 days

Compare to BKR, HAL, FTI, NOV, HMH


In The Past

Halliburton's stock fell -45.8% during the 2022 Inflation Shock from a high on 6/8/2022. A -45.8% loss requires a 84.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Halliburton (HAL)

Interactive Breakdown

Halliburton Interactive Breakdown Analysis

Better Bets than Halliburton (HAL)

 HALBetter Performance than HAL
MetricValueIndustry (Oil & Gas Equipment & Services)
Rev Chg LTM-4.1%BKR (2.1%), SLB (0.9%), FTI (11.5%), NOV (-1.2%), AROC (28.2%)
Rev Chg 3Y Avg9.2%BKR (10.7%), SLB (13.1%), FTI (14.2%), NOV (13.5%), WFRD (10.2%)
Op Mgn LTM15.4%SLB (17.0%), AROC (34.8%), KGS (29.6%), WHD (24.7%), TDW (21.9%)
CFO/Rev LTM16.1%SLB (18.7%), FTI (17.3%), AROC (34.4%), KGS (34.7%), WHD (24.7%)
FCF/Rev LTM9.7%SLB (13.0%), FTI (13.9%), NOV (10.3%), KGS (9.9%), WHD (20.8%)
Total Yield11.3%SLB (12.5%), NOV (13.5%), WFRD (11.5%), LB (17.3%), INVX (11.5%)
 HALBetter Performance than HAL
MetricValueAll Other Sectors
Rev Chg LTM-4.1%NVDA (71.6%), AAPL (6.0%), MSFT (14.9%), GOOGL (13.1%), AMZN (10.9%)
Rev Chg 3Y Avg9.2%NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), AMZN (11.3%), META (13.0%)
Op Mgn LTM15.4%NVDA (58.1%), AAPL (31.9%), MSFT (45.6%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM16.1%NVDA (46.6%), AAPL (26.6%), MSFT (48.3%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM9.7%NVDA (43.6%), AAPL (23.5%), MSFT (25.4%), GOOGL (18.0%), META (30.7%)
Total Yield11.3%BABA (37.8%), TM (2071.2%), VZ (17.4%), PFE (12.8%), TD (15.1%)
 Best Bets In Energy Sector
 HALTPL AM MGY INSW CTRA DTM EOG WHD CHRD EQT
What You Pay           
P/E11.646.218.911.29.311.329.310.014.319.429.2
P/EBIT7.537.910.68.28.08.416.17.69.58.715.0
What You Get           
Rev Chg Q-5.5%8.8%12.4%9.7%-24.0%54.6%26.6%-11.2%-5.8%-6.4%106.2%
Rev Chg LTM-4.1%10.7%7.1%8.8%-22.0%17.1%15.3%-5.4%-0.7%19.5%59.1%
Rev Chg 3Y Avg9.2%7.8%8.5%5.1%37.6%0.7%8.3%-5.1%28.4%34.0%-1.5%
FCF/Rev 3Y Avg9.5%47.2%45.4%38.2%33.0%27.6%25.0%24.3%23.1%22.8%22.6%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 5.4%, alpha of -0.1%, and sharpe of 0.25

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Halliburton Earnings Notes  
2Halliburton Stock Fell 6.8% in a Week, What Now?Return 
3Should You Buy Halliburton Stock?Buy or Fear 
4Day 7 of Gains Streak for Halliburton Stock with 13% Return (vs. -5.5% YTD) [9/26/2025]Notification 
5Day 6 of Gains Streak for Halliburton Stock with 11% Return (vs. -7.2% YTD) [9/25/2025]Notification 
6Day 5 of Gains Streak for Halliburton Stock with 9.8% Return (vs. -8% YTD) [9/24/2025]Notification 
7Halliburton vs Charter Communications: Which Is A Better Investment?Counter-Intuitive Comparisons 
8Halliburton vs Matador Resources: Which Is A Better Investment?Counter-Intuitive Comparisons 
9How Does Halliburton Stock Stack Up Against Its Peers?Peer Comparison 
10Better Bet Than HAL Stock: Pay Less Than Halliburton To Get More From IBKR, PR   
11ARTICLES  
12S&P 500 Movers | Winners: GM, HAL, WBD | Losers: NEM, ALB, VST October 22nd, 2025
13HAL Surges 11% In A Single Week, Should You Buy The Stock? September 30th, 2025
14HAL Stock Up 13% after 7-Day Win Streak September 27th, 2025
15HAL Stock Up 11% after 6-Day Win Streak September 26th, 2025
16HAL Stock Up 9.8% after 5-Day Win Streak September 25th, 2025
Title
0DASHBOARDS
1S&P 500 Movers | Winners: GM, HAL, WBD | Losers: NEM, ALB, VST
2HAL Surges 11% In A Single Week, Should You Buy The Stock?
3HAL Stock Up 13% after 7-Day Win Streak
4HAL Stock Up 11% after 6-Day Win Streak
5HAL Stock Up 9.8% after 5-Day Win Streak
6ARTICLES
7Halliburton Earnings Notes
8Halliburton Stock Fell 6.8% in a Week, What Now?
9Should You Buy Halliburton Stock?
10Day 7 of Gains Streak for Halliburton Stock with 13% Return (vs. -5.5% YTD) [9/26/2025]
11Day 6 of Gains Streak for Halliburton Stock with 11% Return (vs. -7.2% YTD) [9/25/2025]
12Day 5 of Gains Streak for Halliburton Stock with 9.8% Return (vs. -8% YTD) [9/24/2025]
13Halliburton vs Charter Communications: Which Is A Better Investment?
14Halliburton vs Matador Resources: Which Is A Better Investment?
15How Does Halliburton Stock Stack Up Against Its Peers?
16Better Bet Than HAL Stock: Pay Less Than Halliburton To Get More From IBKR, PR 

Trade Ideas

Select past ideas related to HAL. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
TDW_9302025_Dip_Buyer_FCFYield09302025TDWTidewaterDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-10.4%-10.4%-10.4%
OKE_9302025_Dip_Buyer_ValueBuy09302025OKEONEOKDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-6.1%-6.1%-7.9%
LEU_8312025_Quality_Momentum_RoomToRun_10%08312025LEUCentrus EnergyQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		98.2%98.2%-1.3%
KNTK_5312025_Dip_Buyer_ValueBuy05312025KNTKKinetikDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-16.2%-16.2%-18.1%
WHD_4302025_Dip_Buyer_FCFYield04302025WHDCactusDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-1.2%-1.2%-11.4%
HAL_12312024_Dip_Buyer_FCFYield12312024HALHalliburtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-20.8%-14.9%-28.7%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
TDW_9302025_Dip_Buyer_FCFYield09302025TDWTidewaterDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-10.4%-10.4%-10.4%
OKE_9302025_Dip_Buyer_ValueBuy09302025OKEONEOKDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-6.1%-6.1%-7.9%
LEU_8312025_Quality_Momentum_RoomToRun_10%08312025LEUCentrus EnergyQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		98.2%98.2%-1.3%
KNTK_5312025_Dip_Buyer_ValueBuy05312025KNTKKinetikDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-16.2%-16.2%-18.1%
WHD_4302025_Dip_Buyer_FCFYield04302025WHDCactusDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-1.2%-1.2%-11.4%
HAL_12312024_Dip_Buyer_FCFYield12312024HALHalliburtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-20.8%-14.9%-28.7%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PRAXPraxis Precision Medicines261.8%146.9%
2KODKodiak Sciences52.2%91.0%
3BETRBetter Home & Finance50.0%739.6%
4SIONSionna Therapeutics42.0% 
5CELCCelcuity41.8%400.4%
6CCOClear Channel Outdoor37.0%35.0%
7RAPTRAPT Therapeutics34.1%165.3%
8LBRTLiberty Energy29.8%-18.4%
9PMIPicard Medical29.5%19947.6%
10SANASana Biotechnology28.3%250.3%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1ASPIASP Isotopes-31.5%112.4%
2LACLithium Americas-30.9%133.7%
3ONDSOndas-30.9%180.9%
4SOCSable Offshore-29.9%-45.9%
5UAMYUnited States Antimony-29.1%600.0%
6USARUSA Rare Earth-28.8%89598.0%
7RGTIRigetti Computing-28.7%162.1%
8AIVApartment Investment & Management-28.7%-7.1%
9RCATRed Cat-28.4%-14.9%
10TMCTMC The Metals-26.9%597.3%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1242.9%351.7%
2QUREuniQure356.0%257.1%
3PRAXPraxis Precision Medicines293.2%146.9%
4LACLithium Americas110.3%133.7%
5NVTSNavitas Semiconductor109.9%321.0%
6CLPTClearPoint Neuro107.6%62.4%
7UAMYUnited States Antimony92.1%600.0%
8GRALGRAIL88.2%369.0%
9TSHATaysha Gene Therapies79.4%197.7%
10SANASana Biotechnology75.7%250.3%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1SOCSable Offshore-47.4%-45.9%
2FLYFirefly Aerospace-43.1% 
3UPWheels Up Experience-40.8%-8.5%
4NFENew Fortress Energy-35.1%-87.5%
5ALABAstera Labs-33.6%18.9%
6VGVenture Global-32.4% 
7GOSSGossamer Bio-31.0%141.0%
8PSIXPower Solutions International-29.3%173.4%
9PGYPagaya Technologies-29.2%214.5%
10USNAUsana Health Sciences-29.2%-41.4%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PRAXPraxis Precision Medicines261.8%146.9%
2KODKodiak Sciences52.2%91.0%
3BETRBetter Home & Finance50.0%739.6%
4SIONSionna Therapeutics42.0% 
5CELCCelcuity41.8%400.4%
6CCOClear Channel Outdoor37.0%35.0%
7RAPTRAPT Therapeutics34.1%165.3%
8LBRTLiberty Energy29.8%-18.4%
9PMIPicard Medical29.5%19947.6%
10SANASana Biotechnology28.3%250.3%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1ASPIASP Isotopes-31.5%112.4%
2LACLithium Americas-30.9%133.7%
3ONDSOndas-30.9%180.9%
4SOCSable Offshore-29.9%-45.9%
5UAMYUnited States Antimony-29.1%600.0%
6USARUSA Rare Earth-28.8%89598.0%
7RGTIRigetti Computing-28.7%162.1%
8AIVApartment Investment & Management-28.7%-7.1%
9RCATRed Cat-28.4%-14.9%
10TMCTMC The Metals-26.9%597.3%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Halliburton

Financials

HALBKRFTINOVHMHMedian
NameHallibur.Baker Hu.TechnipF.NOV HMH  
Mkt Price25.2446.7536.4713.07-30.85
Mkt Cap21.646.215.14.9-18.4
Rev LTM22,23427,6099,4848,790-15,859
Op Inc LTM3,4333,5141,175696-2,304
FCF LTM2,1492,1651,318909-1,734
FCF 3Y Avg2,1451,837824298-1,330
CFO LTM3,5703,4191,6431,276-2,531
CFO 3Y Avg3,5043,0361,073607-2,054

Growth & Margins

HALBKRFTINOVHMHMedian
NameHallibur.Baker Hu.TechnipF.NOV HMH  
Rev Chg LTM-4.1%2.1%11.5%-1.2%-0.5%
Rev Chg 3Y Avg9.2%10.7%14.2%13.5%-12.1%
Rev Chg Q-5.5%-3.2%9.0%-1.3%--2.2%
QoQ Delta Rev Chg LTM-1.4%-0.8%2.3%-0.3%--0.6%
Op Mgn LTM15.4%12.7%12.4%7.9%-12.6%
Op Mgn 3Y Avg16.9%11.3%8.8%7.9%-10.0%
QoQ Delta Op Mgn LTM-1.1%0.3%0.7%-1.9%--0.4%
CFO/Rev LTM16.1%12.4%17.3%14.5%-15.3%
CFO/Rev 3Y Avg15.5%11.7%12.4%6.8%-12.0%
FCF/Rev LTM9.7%7.8%13.9%10.3%-10.0%
FCF/Rev 3Y Avg9.5%7.1%9.4%3.2%-8.2%

Valuation

HALBKRFTINOVHMHMedian
NameHallibur.Baker Hu.TechnipF.NOV HMH  
Mkt Cap21.646.215.14.9-18.4
P/S1.01.71.60.6-1.3
P/EBIT7.513.012.97.0-10.2
P/E11.615.216.610.4-13.4
P/CFO6.113.59.23.8-7.6
Total Yield11.3%8.5%6.6%13.5%-9.9%
Dividend Yield2.7%1.9%0.6%3.9%-2.3%
FCF Yield 3Y Avg8.9%5.2%7.0%6.0%-6.5%
D/E0.40.10.10.5-0.3
Net D/E0.30.10.00.3-0.2

Returns

HALBKRFTINOVHMHMedian
NameHallibur.Baker Hu.TechnipF.NOV HMH  
1M Rtn12.1%-1.2%-7.5%3.6%-1.2%
3M Rtn18.9%17.4%12.7%1.0%-15.0%
6M Rtn23.9%23.3%45.2%10.6%-23.6%
12M Rtn-8.1%31.1%44.4%-12.2%-11.5%
3Y Rtn-20.5%88.5%243.7%-35.6%-34.0%
1M Excs Rtn11.0%-2.6%-6.6%3.1%-0.3%
3M Excs Rtn9.8%-0.7%2.8%-10.0%-1.0%
6M Excs Rtn-3.5%-4.1%17.8%-16.7%--3.8%
12M Excs Rtn-25.6%14.3%23.1%-28.3%--5.7%
3Y Excs Rtn-96.4%31.5%208.5%-110.0%--32.4%

Comparison Analyses

Title
0How Does Halliburton Stock Stack Up Against Its Peers?
1HAL or SLB - With 33% Return Forecast, SLB Probably Deserves Your Money
2Halliburton vs. Baker Hughes: With Return Forecast Of 53%, Baker Hughes Is A Better Bet
3Halliburton vs. National Oilwell Varco: With Return Forecast Of 24%-27%, Both Seem Like Good Bets
4Halliburton vs. Semtech: With Return Forecast Of 42%, Halliburton Is A Better Bet
5Halliburton vs. Hilton Worldwide Holdings: With Return Forecast Of 42%, Halliburton Is A Better Bet
6Halliburton vs. lululemon athletica: With Return Forecast Of 38%, lululemon athletica Is A Better Bet
7Halliburton vs. Ecolab: With Return Forecast Of 21%, Halliburton Is A Better Bet
8Halliburton vs. Boston Scientific: With Return Forecast Of 21%, Halliburton Is A Better Bet
9Halliburton vs. Stryker: Both Seem Similar Bets

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date7/25/20254/25/20252/12/202511/7/20247/29/20244/24/20242/6/202410/25/20237/26/20234/26/20232/7/202310/26/2022
Key Financials Quarterly            
Total Revenue5,5105,4175,6105,6975,8335,8045,7395,8045,7985,6775,5825,357
Ebitda1,0056941,1771,1171,3051,1641,3131,2901,1481,1881,1951,063
Operating Income7277879329871,0329871,1601,0371,011977976846
Net Income472204615571709606661716610651656544
EPS0.550.240.700.650.800.680.740.800.680.720.720.60
Key Financials TTM            
Total Revenue TTM22,23422,55722,94423,07323,18023,14523,01822,86122,41421,69020,29718,992
Ebitda TTM3,9934,2934,7634,8995,0724,9154,9394,8214,5944,0403,5423,125
Operating Income TTM3,4333,7383,9384,1664,2164,1954,1854,0013,8103,5173,0732,647
Net Income TTM1,8622,0992,5012,5472,6922,5932,6382,6332,4611,9601,5721,740
Growth Rates Quarterly            
Total Revenue Growth-5.5%-6.7%-2.2%-1.8%0.6%2.2%2.8%8.3%14.3%32.5%30.5%38.8%
EBITDA Growth-23.0%-40.4%-10.4%-13.4%13.7%-2.0%9.9%21.4%93.3%72.2%53.6%58.4%
Operating Income Growth-29.6%-20.3%-19.7%-4.8%2.1%1.0%18.9%22.6%40.8%83.3%77.5%100.5%
Net Income Growth-33.4%-66.3%-7.0%-20.3%16.2%-6.9%0.8%31.6%459.6%147.5%-20.4%130.5%
Margins Quarterly            
EBITDA Margin18.2%12.8%21.0%19.6%22.4%20.1%22.9%22.2%19.8%20.9%21.4%19.8%
Operating Income Margin13.2%14.5%16.6%17.3%17.7%17.0%20.2%17.9%17.4%17.2%17.5%15.8%
Net Income Margin8.6%3.8%11.0%10.0%12.2%10.4%11.5%12.3%10.5%11.5%11.8%10.2%
Cash & Debt            
Total Cash2,0381,8042,6182,1782,1381,8912,2642,0362,1051,8792,3461,977
Total Debt8,5618,5748,6028,6958,7288,7878,8098,9009,0768,9688,9438,954
Net Debt / (Cash)6,5236,7705,9846,5176,5906,8966,5456,8646,9717,0896,5976,977
Cash Flows Quarterly            
FCF from Operations8963771,4568411,0814871,4108741,0521221,163753
Cash Flows TTM            
FCF from Operations TTM3,5703,7553,8653,8193,8523,8233,4583,2113,0902,4142,2421,761
Returns to Shareholders Quarterly            
Dividends145147148150151151143144144145108110
Share Repurchases25725030919625025025419824810020446
Return on Invested Capital (ROIC) Quarterly            
ROIC35.0%30.8%48.2%47.9%48.5%44.3%56.6%47.8%45.6%43.6%46.7%37.8%
Return on Invested Capital (ROIC) TTM            
ROIC TTM40.4%42.3%51.2%50.1%50.2%47.9%50.6%46.0%43.0%37.8%35.2%37.9%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Completion and Production13,68911,5828,4107,83914,031
Drilling and Evaluation9,3298,7156,8856,6068,377
Total23,01820,29715,29514,44522,408


Operating Income by Segment
$ Mil20242023202220212020
Completion and Production2,8352,0371,2389951,671
Drilling and Evaluation1,5431,292801569642
Impairments and other charges0-366-12-3,799-2,506
SAP S4 upgrade expense-5100  
Corporate and other-244-256-227-201-255
Total4,0832,7071,800-2,436-448


Assets by Segment
$ Mil20242023202220212020
Completion and Production11,606  7,92411,894
Drilling and Evaluation7,532  6,3718,059
Corporate and other5,545  6,3855,424
Total24,683  20,68025,377


Price Behavior

HAL Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta-1.340.660.691.351.201.07
Up Beta0.851.321.281.261.301.12
Down Beta-3.421.262.292.031.721.44
Up Capture-11%63%62%62%46%49%
Bmk +ve Days13233574144420
Stock +ve Days10233564125389
Down Capture-341%-26%-89%102%89%99%
Bmk -ve Days8192952107330
Stock -ve Days11192859121354

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity25,945,162
Short Interest: % Change Since 9152025-2.4%
Average Daily Volume16,784,417
Days-to-Cover Short Interest1.55
Basic Shares Quantity857,000,000
Short % of Basic Shares3.0%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/22/20251.0%7.8%-0.3%
4/22/2025-5.6%-5.8%-6.6%
1/22/2025-3.6%-9.8%-8.6%
11/7/2024-3.1%-1.0%-5.1%
7/19/2024-5.6%-6.3%-13.9%
4/23/2024-0.3%0.4%-2.8%
1/23/20242.5%8.0%2.0%
10/24/2023-3.4%-5.4%-8.3%
...
SUMMARY STATS   
# Positive242
# Negative868
Median Positive1.8%4.3%2.6%
Median Negative-3.5%-5.7%-7.4%
Max Positive2.5%8.0%3.1%
Max Negative-5.6%-9.8%-13.9%

SEC Filings

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Report DateFiling DateFiling
6302025725202510-Q 6/30/2025
3312025425202510-Q 3/31/2025
12312024212202510-K 12/31/2024
93020241107202410-Q 9/30/2024
6302024729202410-Q 6/30/2024
3312024424202410-Q 3/31/2024
12312023206202410-K 12/31/2023
93020231025202310-Q 9/30/2023
6302023726202310-Q 6/30/2023
3312023426202310-Q 3/31/2023
12312022207202310-K 12/31/2022
93020221026202210-Q 9/30/2022
6302022722202210-Q 6/30/2022
3312022422202210-Q 3/31/2022
12312021204202210-K 12/31/2021
93020211022202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Weiss Janet L 5302025Buy19.798,550169,162371,342Form
1Carre EricEVP & Chief Financial Officer3172025Sell25.0051,1791,279,4753,177,534Form
2McKeon TimothySenior VP and Treasurer3102025Sell24.6010,497258,2261,913,486Form
3Banks Margaret Katherine 3052025Sell24.043,90093,736253,593Form
4Carre EricEVP & Chief Financial Officer2122025Sell26.13141,2063,689,7133,321,159Form

Industry Resources

External Quote Links


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