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Halliburton HAL Return on invested capital

Return on invested capital at other companies

Schlumberger
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Schlumberger SLB
11.4%-4.6pp
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RPCRES
2.3%-5.5pp
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TETRA TechnologiesTTI
10.7%-4.1pp
Patterson-UTI Energy logo
Patterson-UTI EnergyPTEN
-1.7%-0.8pp
NOVA, Inc. logo
NOVA, Inc.NOV
3%-4.2pp
Innovex International logo
Innovex InternationalINVX
5.6%-2.8pp

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
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 return on invested capital?
Halliburton (HAL) reported return on invested capital of 11.6% in Q2 2026.
How has Halliburton's return on invested capital changed year-over-year?
Halliburton's return on invested capital decreased by 14.6% year-over-year, from 13.5% to 11.6%.
What is the long-term trend for Halliburton's return on invested capital?
Over 5 years (2020 to 2025), Halliburton's return on invested capital has grown at a -8.8% compound annual growth rate (CAGR), from -15.9% to 10%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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