Halliburton vs Slb (HAL vs SLB)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Slb is the larger company by revenue ($35.7B vs $22.2B) and market value ($73.5B vs $27.9B). Slb has grown revenue faster over the last 4 fiscal years (+55.7% cumulative vs +45.0%). Halliburton trades at the lower trailing P/E (17.6x vs 23.9x).
About Halliburton
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.
About Slb
SLB Limited is a global technology company that provides products and services for the energy industry, focusing on energy innovation and the energy transition. It operates through four main divisions: Digital, Reservoir Performance, Well Construction, and Production Systems, offering digital solutions, reservoir evaluation and stimulation, well design and drilling services, and production equipment and technologies. SLB serves oil and gas operators, drilling contractors, and other energy sector customers worldwide.
Head to head (HAL FY2025 vs SLB FY2025)
| Metric | HALFY2025 | SLBFY2025 |
|---|---|---|
| Revenue | $22.18B | $35.71B |
| Revenue growth (YoY) | -3.3% | -1.6% |
| Gross margin | — | — |
| Operating margin | 10.2% | — |
| Net margin | 5.8% | 9.4% |
| Net income | $1.28B | $3.37B |
| Diluted EPS | — | $2.35 |
| FCF margin | 7.5% | 13.4% |
| ROE | 12.2% | 12.4% |
| Long-term debt / equity | 0.68× | 0.36× |
| Market cap | $27.91B | $73.47B |
| P/E | 17.6× | 23.9× |
Fundamentals are from each company’s SEC filings (HAL FY2025, SLB FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| HAL | $15.29B | $20.30B | $23.02B | $22.94B | $22.18B |
| SLB | $22.93B | $28.09B | $33.13B | $36.29B | $35.71B |
Peer standing
Where each company ranks among the 133 Energy companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | HAL | SLB |
|---|---|---|
| Net margin | 5.8%50th percentile of 128 | 9.4%58th percentile of 128 |
| FCF margin | 7.5%57th percentile of 76 | 13.4%77th percentile of 76 |
| Revenue growth (YoY) | -3.3%37th percentile of 131 | -1.6%42nd percentile of 131 |
| ROE | 12.2%69th percentile of 104 | 12.4%70th percentile of 104 |
| P/E | 17.6×54th percentile of 84 | 23.9×76th percentile of 84 |
| Long-term debt / equity | 0.68×69th percentile of 87 | 0.36×41st percentile of 87 |
| Short interest (days to cover) | 3.00d29th percentile of 131 | 4.00d44th percentile of 131 |
Short interest
| FINRA settlement data | HAL | SLB |
|---|---|---|
| Shares sold short | 34.0M | 60.3M |
| Change vs prior settlement | -2.2% | -0.4% |
| Days to cover | 3.00 | 4.00 |
| As of settlement | 2026-09-30 | 2026-09-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | HAL | SLB |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 4 ($7.7M) | 4 ($4.0M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
7 tracked 13F managers hold both Halliburton and Slb as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.