Halliburton HAL Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 11.3%+1.1pp | 10.2%-0.9pp | 11%-2.3pp | 13.3%-1.2pp | 14.5%-2.2pp | |
| Net margin | 6.9%+1.2pp | 5.8%-0.1pp | 5.9%-2.5pp | 8.4%-0.9pp | 9.3%-1.6pp | |
| EBITDA margin | 16.5%+1.2pp | 15.3%-0.8pp | 16.1%-2.2pp | 18.3%-1.0pp | 19.3%-2.0pp | |
| Free cash flow margin | 7.6%0.0pp | 7.5%-0.9pp | 8.5%-1.2pp | 9.7%-0.7pp | 10.4%-0.2pp | |
| Returns | ||||||
| Return on equity | 14.6%+2.3pp | 12.2%-0.5pp | 12.8%-5.4pp | 18.2%-2.8pp | 21%-4.2pp | |
| Return on assets | 6.1%+1.0pp | 5.1%-0.1pp | 5.2%-2.2pp | 7.4%-1.1pp | 8.4%-1.5pp | |
| Return on invested capital | 11.3%+1.2pp | 10%+0.1pp | 10%-3.6pp | 13.5%-1.3pp | 14.9%-3.5pp | |
| Efficiency | ||||||
| Asset turnover | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | |
| Liquidity | ||||||
| Current ratio | 2.1×0.0× | 2×+0.1× | 2×0.0× | 2×0.0× | 2×-0.1× | |
| Quick ratio | 1.5×0.0× | 1.5×+0.1× | 1.4×0.0× | 1.5×0.0× | 1.5×-0.1× | |
| Cash ratio | 0.4×0.0× | 0.4×+0.1× | 0.3×0.0× | 0.3×0.0× | 0.3×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0.7×0.0× | 0.8×0.0× | 0.8×0.0× | 0.8×0.0× | 0.8×0.0× | |
| Debt-to-assets | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Net debt / EBITDA | 1.7×-0.1× | 1.8×0.0× | 1.8×+0.2× | 1.6×+0.1× | 1.6×+0.4× | |
| Per Share | ||||||
| Book value per share | $12.85+4.8% | $12.26+2.2% | $12.00-2.1% | $12.26+2.4% | $11.97+0.6% | |
| Valuation | ||||||
| Market capitalization | $32.66B+37.3% | $23.78B+13.4% | $20.97B+17.4% | $17.86B-18.9% | $22.02B-7.8% | |
| Enterprise value | $38.73B+29.6% | $29.89B+8.6% | $27.52B+12.8% | $24.39B-15.3% | $28.79B-2.9% | |
| Price / earnings | 21.2×+2.7× | 18.5×+2.5× | 16×+6.4× | 9.6×-0.9× | 10.5×+0.9× | |
| Price / sales | 1.5×+0.4× | 1.1×+0.1× | 0.9×+0.1× | 0.8×-0.2× | 1×-0.1× | |
| Price / book | 3×+0.8× | 2.3×+0.2× | 2.1×+0.4× | 1.7×-0.4× | 2.1×-0.1× | |
| EV / EBITDA | 10.6×+1.8× | 8.8×+1.1× | 7.7×+1.7× | 6×-0.6× | 6.6×+0.6× | |
| EV / sales | 1.7×+0.4× | 1.3×+0.1× | 1.2×+0.1× | 1.1×-0.2× | 1.3×0.0× | |
| Free cash flow yield | 5.1%-1.9pp | 7%-1.9pp | 8.9%-3.1pp | 12%+1.4pp | 10.6%+0.5pp | |
| Earnings yield | 4.7%-0.7pp | 5.4%-0.8pp | 6.2%-4.2pp | 10.4%+0.9pp | 9.5%-0.9pp | |
| Dividend yield | 1.8%-0.7pp | 2.4%-0.4pp | 2.8%-0.5pp | 3.3%+0.6pp | 2.7%+0.2pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Halliburton's profit margins?
- Halliburton (HAL) runs a 81.4% gross margin and a 11.3% operating margin, with a 6.9% net margin.
- Where do Halliburton's ratios come from?
- Every ratio is computed from Halliburton's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
