Halliburton is North America's largest oilfield-services company as measured by market share. Despite industry fragmentation, it holds a leading position in the hydraulic fracturing and completions market, which makes up nearly half of its revenue.
It is a $27.1B energy company. Revenue grew 0.6% over the last year, it keeps 7¢ of every dollar of sales as profit, and its net debt equals ~2.9 years of free cash flow. It trades at 16.9× earnings — around the middle of its own history.
- Website
- halliburton.com
- Location
- Houston, TX
- Employees
- 46 000
- Sector
- Energy
- Founded
- 1975
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation; Growth and Moat lag behind.
Valuation82
- P/E vs own history57th pct · 12/25
- FCF yield6.4% · 20/25
- P/S1.2x · 25/25
- EV/EBITDA8.7x · 25/25
Growth37
- Revenue CAGR9.7% · 12/25
- Net income CAGR-3.1% · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth41.0% · 25/25
Profitability57
- ROIC8.3% · 12/25
- ROE15.1% · 20/25
- Net margin7.2% · 13/25
- Operating margin11.4% · 12/25
Health55
- Altman Zn/a · 0/25
- Current ratio2.02 · 25/25
- Interest coverage5.9x · 18/25
- Net cash / debtD/A 20% · 12/25
Quality66
- Piotroski F4/9 · 10/25
- Beneish M-3.03 · 25/25
- FCF conversion108% · 25/25
- Margin stabilityσ 24.1% · 6/25
Moat24
- ROIC >12% years3/10 yrs · 6/25
- Median gross margin16.0% · 0/25
- FCF-positive years9/10 yrs · 18/25
- Worst-year net marginworst -36.3% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2023FinancialBest year on record$2.64B net income
- FY2018FinancialTurned profitable$1.66B net income after a loss year
- FY2017FinancialPositive free cash flow every year since9-year streak
- FY2016FinancialRevenue already above $10B$15.9B in first reported year
- 2016AcquisitionAt the beginning of May 2016, the day after the deadline expired, Halliburton and Baker Hughes announced the…
- Nov 17, 2014AcquisitionHalliburton and Baker Hughes jointly announced a definitive agreement under which Halliburton…
- 2005MilestoneA final non-appealable settlement in the asbestos case was reached in January 2005 which allowed Halliburton…
- 2002AcquisitionAsbestos-related litigation from the Kellogg acquisition caused the company to book more than US $4.0 billion in…
- 1998AcquisitionWith the acquisition of Dresser Industries in 1998, the Kellogg-Brown & Root division (in 2002 renamed to KBR) was…
- 1989AcquisitionGearhart Industries (acquired by Halliburton Energy Services in 1989) introduced the first digital computer logging…
- 1975FoundedAlthough HPS was incorporated in the Cayman Islands in 1975 and is "non-American", it shares both the logo and name…
- 1968ProductAn automated mixing system for drilling mud was developed by Halliburton, primarily for use offshore
- Jul 5, 1961MilestoneThe company changed its name to the Halliburton Company
- 1940ProductHalliburton opened offices in Venezuela and introduced bulk handling of cementing to the industry
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Interest covered 5.9× by operating earnings
Watch-outs
- Loss-making in 4 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+0.6% YoY
- Profitable — makes more than it spends$1.60B TTM
- Profit growing — earnings are higher than last year-4.6% YoY
- Generates cash — cash left after running and investing$1.73B TTM
- Debt under control — could handle its obligations~2.9y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$27.1B market cap
- Not printing shares — share count not ballooning — you keep your slice-3.2% shares over ~5y
- Proven track record — years of profitability behind it6/10 profitable years
- Financially stable — balance sheet not near distresshealth score 43/100
- Pays a dividend — returns cash to shareholdersyield 2.11%
- Valuation not extreme — price not wildly above earningsP/E 16.9
Peer comparisonHalliburton Company vs 6 largest energy peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| HAL this company | $27.1B | 16.9 | +0.6% | 7.2% | Mixed |
| XOM ExxonMobil Holdings Corporation | $694.0B | 21.1 | +9.1% | 8.9% | Mixed |
| CVX Chevron Corporation | $416.8B | 20.3 | +10.2% | 9.6% | Mixed |
| SHEL Shell plc | $284.6B | 11.0 | -6.1% | 6.7% | Solid |
| TTE TotalEnergies SE | $191.1B | 10.9 | -6.8% | 7.2% | Solid |
| COP ConocoPhillips | $161.5B | 17.4 | +9.6% | 14.7% | Strained |
| MPC Marathon Petroleum Corporation | $127.8B | 14.9 | +15.0% | 5.6% | Strained |
Head-to-head: HAL vs XOM · HAL vs CVX · HAL vs SHEL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/HAL
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of HAL on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $32.55 · market cap $27.1B.