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NYSE · Energy

Halliburton Co. (HAL)

As-reported financials and SEC filings for Halliburton Co. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Halliburton Co.

Halliburton Company provides products and services to the energy industry worldwide. It operates through two main segments: Completion and Production, which offers cementing, stimulation, specialty chemicals, artificial lift, and well intervention services; and Drilling and Evaluation, which provides drilling fluids, drill bits, well construction, reservoir evaluation, and digital solutions. Halliburton serves major, national, and independent oil and natural gas producers in over 70 countries.

Snapshot

Revenue
$22.18B
Revenue growth (YoY)
-3.3%
Net income
$1.28B
Diluted EPS
—
Gross margin
—
Operating margin
10.2%
Net margin
5.8%
FCF margin
7.5%
ROE
12.2%
net income / fiscal-year-end equity
P/E
26.3×
trailing when available, otherwise FY EPS
Market cap
$28.88B
Long-term debt / equity
0.68×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Halliburton

  • Revenue fell 3.3% to $22.2B in FY2025, after a 0.3% decline the year before.
  • Operating margin is 10.2% in FY2025, -1.6 pp against 11.8% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $5.7B, up 1.8% from Q3 FY2025.
  • Free cash flow was $1.7B in FY2025, 7.5% of revenue.
  • Net income fell 48.7% to $1.3B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Halliburton’s fundamentals sit among the 133 Energy companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin10.2%
53rd percentile of 110
Net margin5.8%
50th percentile of 128
FCF margin7.5%
57th percentile of 76
Revenue growth (YoY)-3.3%
37th percentile of 131
ROE12.2%
69th percentile of 104
P/E26.3×
82nd percentile of 84
Long-term debt / equity0.68×
69th percentile of 87
Short interest3.00d
29th percentile of 131

No reported insider purchases (code P) in the last 90 days; 4 insider sales totaling $7.7M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+7 quant / multi-strat
Initiated / added
8
1 new, 7 added
Reduced / exited
2
1 trimmed, 1 exited
Combined position
$1.16B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$403.0M11.9MAdded
Citadel AdvisorsquantQ2 2026$219.6M6.5MAdded
Two Sigma InvestmentsquantQ2 2026$209.3M6.2MAdded
Point72 Asset ManagementquantQ2 2026$143.4M4.2MAdded
Bridgewater AssociatesQ2 2026$54.0M1.6MAdded
Millennium ManagementquantQ2 2026$44.7M1.3MReduced
Gotham Asset ManagementQ2 2026$44.0M1.3MAdded
D. E. ShawquantQ2 2026$21.9M646.2KAdded
Renaissance TechnologiesquantQ2 2026$20.9M616.1KNew

No longer held by: Dodge & Cox (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
4
$7.7M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-31
filed 2026-09-01
Eric CarreEVP & Chief Financial OfficerSell24.8K$37.50$929K
2026-08-19
filed 2026-08-20
Jeffrey Shannon SlocumDirector, EVP and COOSell52.6K$35.09$1.8M
2026-08-18
filed 2026-08-19
Jeffrey Allen MillerDirector, President & CEOSell124.5K$35.00$4.4M
2026-08-18
filed 2026-08-19
Jeffrey Shannon SlocumDirector, EVP and COOSell16.1K$35.08$566K
2026-06-18
filed 2026-06-22
Eric CarreEVP & Chief Financial OfficerSell24.8K$35.89$889K
2026-05-15
filed 2026-05-18
Van H. BeckwithEVP, Secretary and CLOSell198.3K$41.29$8.2M
2026-05-05
filed 2026-05-06
Michael Casey MaxwellPresident - Western HemisphereSell13.6K$41.84$568K
2026-05-05
filed 2026-05-06
Michael Casey MaxwellPresident - Western HemisphereSell6.8K$42.00$285K
2026-04-30
filed 2026-05-01
Timothy McKeonSenior VP and TreasurerSell8.7K$42.00$364K
2026-04-30
filed 2026-05-01
Tobi M. YoungDirectorSell5.6K$41.72$235K
2026-04-30
filed 2026-05-01
Tobi M. YoungDirectorSell500$41.73$21K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
34.0M
settled 2026-09-30
Change vs prior
-2.2%
vs previous settlement
Days to cover
3.00
at avg daily volume
Avg daily volume
11.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3034.0M-2.2%3.00
2026-09-1534.8M+1.9%3.53
2026-08-3134.2M+10.6%2.95
2026-08-1430.9M-12.6%3.07
2026-07-3135.3M+2.2%2.51
2026-07-1534.6M+9.0%3.69
2026-06-3031.7M-4.4%2.24
2026-06-1533.2M+3.2%2.98

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$22.18B$22.94B$23.02B$20.30B$15.29B
Gross profit—————
Operating income$2.26B$3.82B$4.08B$2.71B$1.80B
Pre-tax income$1.77B$3.23B$3.36B$2.11B$1.25B
Net income$1.28B$2.50B$2.64B$1.57B$1.46B
Diluted EPS—————

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$2.93B$3.87B$3.46B$2.24B$1.91B
Capital expenditure$1.25B$1.44B$1.38B$1.01B$799.0M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$5.70B1.8%$417.0M$0.50
Q2 FY2026$5.71B3.7%$534.0M$0.64
Q1 FY2026$5.40B-0.3%$461.0M$0.55
Q4 FY20250.8%
Q3 FY2025$5.60B-1.7%$18.0M$0.02
Q2 FY2025$5.51B-5.5%$472.0M$0.55
Q1 FY2025$5.42B-6.7%$204.0M$0.24
Q4 FY2024-2.2%

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorEnergy
SIC industryOil & Gas Field Services, NEC
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ3 FY2026 (ended September 30, 2026)
Oldest indexed filing2018
SEC CIK45012

Selected SEC filings

10-K2026-02-06
View on EDGAR →
10-K2025-02-12
View on EDGAR →
10-Q2026-10-23
View on EDGAR →
10-Q2026-07-24
View on EDGAR →
10-Q2026-04-24
View on EDGAR →
10-Q2025-10-24
View on EDGAR →
8-K2026-10-20
View on EDGAR →
8-K2026-10-15
View on EDGAR →

Largest Energy peers

All Energy companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.