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Halliburton HAL Drilling And Evaluation — Cost, Direct Material

Other segment segments

Completion And Production
$1.27B-2.2%

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$96.55M+14.5%

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$28.58B+60.0%
Enterprise value$34.66B+42.1%
P/E18.6×+9.0×
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:CostDirectMaterial.

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 material?
Halliburton (HAL) reported drilling and evaluation — cost, direct material of $913M in Q1 2026.
How has Halliburton's drilling and evaluation — cost, direct material changed year-over-year?
Halliburton's drilling and evaluation — cost, direct material increased by 3.5% year-over-year, from $882M to $913M.
What is the long-term trend for Halliburton's drilling and evaluation — cost, direct material?
Over 3 years (2022 to 2025), Halliburton's drilling and evaluation — cost, direct material has grown at a 3.4% compound annual growth rate (CAGR), from $3.29B to $3.64B.
What does drilling and evaluation — cost, direct material mean?
The direct costs associated with the physical materials and consumables used to deliver services within the Drilling and Evaluation segment. This is a key component of the segment's cost of goods sold.