HALHalliburton
$31.84+20% 1Y
$31.84
$25.2352 weeks$42.80
The business
How HAL's business earns
Halliburton earns 14% on the capital it employs against an estimated 9.0% cost of capital.
14%
Return on invested capital · cost of capital 9.0% · 4.7 points above the estimated cost of capital
- Operating margin
- 13%
Operating margin · Oil & Gas Equipment & Services median 9.4% · 12 months to Sep 30, 2026
- Cash conversion
- 1.10×
Cash conversion · 1.93× a year ago · operating cash flow divided by operating profit after tax
- Share count, year on year
- −2.1%
Share count, year on year · fewer shares than a year ago
Operating margin by fiscal year
| Year | Operating margin |
|---|---|
| FY2020 | −17% |
| FY2021 | 12% |
| FY2022 | 13% |
| FY2023 | 18% |
| FY2024 | 17% |
| FY2025 | 10% |
Details›
- Operating margin12 months to Sep 30, 2026
- 13%
- Net margin12 months to Sep 30, 2026
- 8.9%
- Free cash flow margin
- 7.1%
- Revenue, trailing twelve months
- $22.5B
- Free cash flow, trailing twelve months
- $1.60B
- Net income, trailing twelve months
- $2.00B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 14%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
On our screensFree cash flow yield of 5 to 30 percent
Oil & Gas Equipment & Services
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