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Halliburton HAL Drilling And Evaluation — Cost, Direct Labor

Other segment segments

Completion And Production
$479M+1.1%

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Other financials

Income statement

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Revenue$5.4B-0.3%
Operating income$679.0M+57.5%
Net income$461.0M+126%
EPS (diluted)$0.55+129%

Balance sheet

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Cash & equivalents$2.0B+11.0%
Total debt$8.1B-5.7%
Total equity$10.8B+4.0%
Total assets$25.1B-0.1%

Cash flow

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Operating cash flow$273.0M-27.6%
CapEx$192.0M-36.4%
Free cash flow$81.0M+8.0%

Valuation

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Market cap$28.36B+62.8%
Enterprise value$34.44B+43.9%
P/E18.4×+9.1×
P/S1.3×+0.5×

Profitability

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Gross margin81.4%—
Operating margin11.3%-3.2pp
Net margin6.9%-2.4pp
FCF margin7.6%-2.8pp

Returns & leverage

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Return on equity14.6%-6.4pp
Debt / equity0.7×-0.1×
Current ratio2.1×+0.1×

Where this comes from

Reported directly by Halliburton in its filing.

Tagged under the XBRL concept us-gaap:CostDirectLabor.

The official record: Halliburton’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Halliburton's drilling and evaluation — cost, direct labor?
Halliburton (HAL) reported drilling and evaluation — cost, direct labor of $487M in Q1 2026.
How has Halliburton's drilling and evaluation — cost, direct labor changed year-over-year?
Halliburton's drilling and evaluation — cost, direct labor increased by 4.3% year-over-year, from $467M to $487M.
What is the long-term trend for Halliburton's drilling and evaluation — cost, direct labor?
Over 3 years (2022 to 2025), Halliburton's drilling and evaluation — cost, direct labor has grown at a 6.1% compound annual growth rate (CAGR), from $1.6B to $1.91B.
What does drilling and evaluation — cost, direct labor mean?
The total compensation and benefits paid to the workforce directly involved in performing services for the Drilling and Evaluation segment. This reflects the labor intensity of the segment's operations.