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Halliburton HAL Q4 2025 Annual earnings

Reported January 21, 2026 · Before market open

Revenue$5.7BBeat by $249.7MDiluted EPS$0.69Beat by $0.14
Revenue estimate$5.4B
EPS estimate$0.55

Next report

Jul 21, 2026 (In 1 week)
Revenue estimate$5.5B
EPS estimate$0.54

Financials

Q4 2025

Income statement

See full
Revenue$5.7B+0.8%
Operating income$746.0M-20.0%
Net income$589.0M-4.2%
EPS (diluted)$0.69-1.4%

Balance sheet

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Cash & equivalents$2.2B-15.7%
Total debt$8.3B-0.9%
Total equity$10.5B-0.4%
Total assets$25.0B-2.3%

Cash flow

See full
Operating cash flow$1.2B-20.0%
CapEx$337.0M-20.9%
Free cash flow$828.0M-19.6%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$23.78B-0.4%
Enterprise value$29.89B+0.8%
P/E18.5×+9.0×
P/S1.1×0.0×

Profitability

See full
Operating margin10.2%-6.5pp
Net margin5.8%-5.1pp
FCF margin7.5%-3.0pp

Returns & leverage

See full
Return on equity12.2%-12.9pp
Debt / equity0.8×0.0×
Current ratio2×0.0×

Segments

By geography

See full
North America$2.2B-0.3%
Middle East/Asia$1.5B-11.7%
Latin America$1.1B+11.9%
Europe/Africa/CIS$928.0M+16.7%

By segment

See full
Completion And Production$3.3B+2.8%
Drilling And Evaluation$2.4B-1.8%

By product

See full
Services$4.0B+1.6%

Versus estimates

Revenue

Q1 2026$5.4BBeat by $95.5M
Q4 2025$5.7BBeat by $249.7M
Q4 2024$5.6BMiss by $23.0MQ3 2024$5.7BMiss by $130.3MQ2 2024$5.8BMiss by $113.7M

Diluted EPS

Q1 2026$0.55Beat by $0.05
Q4 2025$0.69Beat by $0.14
Q4 2024$0.70Miss by $0.03Q3 2024$0.73Miss by $0.02Q2 2024$0.80In line

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Questions, answered.

When did Halliburton report Q4 2025 earnings?
Halliburton (HAL) reported Q4 2025 earnings on January 21, 2026 before market open.
What were Halliburton's Q4 2025 revenue and EPS?
Halliburton reported revenue of $5.7B and diluted EPS of $0.69 for Q4 2025.
Did Halliburton beat estimates in Q4 2025?
Revenue beat the consensus estimate of $5.4B by $249.7M. EPS beat the consensus estimate of $0.55 by $0.14.
How did Halliburton's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.8% from $5.6B a year earlier and diluted EPS declined 1.4% from $0.70.
Where can I find Halliburton's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000045012-26-000008) and the 10-K periodic report (0000045012-26-000015) directly on SEC EDGAR. The filing index links above go to sec.gov.