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Halliburton HAL Operating margin

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19.4%+2.6pp
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2.2%-3.4pp
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7.8%
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-1.5%-0.7pp
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5.1%-2.8pp
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9.1%+2.7pp

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%
Net margin7.2%-1.2pp
FCF margin7.7%-2.0pp

Returns & leverage

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Return on equity14.9%-3.3pp
Debt / equity0.7×-0.1×
Current ratio0.0×

Where this comes from

Calculated from Halliburton’s reported figures.

Based on trailing twelve months.

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 operating margin?
Halliburton (HAL) reported operating margin of 11.4% in Q2 2026.
How has Halliburton's operating margin changed year-over-year?
Halliburton's operating margin decreased by 14.1% year-over-year, from 13.3% to 11.4%.
What is the long-term trend for Halliburton's operating margin?
Over 5 years (2020 to 2025), Halliburton's operating margin has grown at a -9.6% compound annual growth rate (CAGR), from -16.9% to 10.2%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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