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Halliburton HAL Debt-to-equity

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Other financials

Income statement

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Revenue$5.7B+3.7%
Operating income$778.0M+7.0%
Net income$534.0M+13.1%
EPS (diluted)$0.64+16.4%

Balance sheet

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Cash & equivalents$2.0B+0.5%
Total debt$8.2B-4.2%
Total equity$11.0B+4.8%
Total assets$25.8B+1.8%

Cash flow

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Operating cash flow$824.0M-8.0%
CapEx$235.0M-33.6%
Free cash flow$589.0M+8.7%

Valuation

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Market cap$26.94B+45.8%
Enterprise value$33.09B+32.4%
P/E16.8×+6.9×
P/S1.2×+0.4×

Profitability

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Gross margin81.4%
Operating margin11.4%-1.9pp
Net margin7.2%-1.2pp
FCF margin7.7%-2.0pp

Returns & leverage

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Return on equity14.9%-3.3pp
Current ratio0.0×

Where this comes from

Calculated from Halliburton’s reported figures.

Based on the most recent quarter.

The source filing: Halliburton’s 10-Q, filed July 24, 2026. Open the filing →

Filed
Jul 24, 2026, 10:59 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000045012-26-000061

FAQ

What is Halliburton's debt-to-equity?
Halliburton (HAL) reported debt-to-equity of 0.7× in Q2 2026.
How has Halliburton's debt-to-equity changed year-over-year?
Halliburton's debt-to-equity decreased by 8.6% year-over-year, from 0.8× to 0.7×.
What is the long-term trend for Halliburton's debt-to-equity?
Over 5 years (2020 to 2025), Halliburton's debt-to-equity has grown at a -18.5% compound annual growth rate (CAGR), from 2.2× to 0.8×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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