Latest revenue
$5.40B
as of 2026-03-31
Latest net income
$461.0M
as of 2026-03-31
Net margin
8.5%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $34.64B
- Enterprise value
- $39.80B
- P/E (trailing)
- 27.0×
- Forward P/E
- —
- P/B
- 3.21×
- Dividend yield
- 1.6%
- 52-wk high
- $43.59
- 52-wk low
- $19.44
- Beta
- —
- Shares out
- 835.4M
5-year trend
What this company does
Halliburton provides oilfield services to energy producers worldwide, helping them drill wells, complete them with hydraulic fracturing, and evaluate reservoir performance. It earns revenue across two segments—Completion and Production ($3.0B) and Drilling and Evaluation ($2.4B)—through field services and equipment sales tied to global drilling activity. Q1 2026 net income more than doubled to $461M as the absence of last year's $356M restructuring charge masked softer Completion and Production margins amid a flat top line.
Generated from HAL's filing dated 2024-02-06
Key risks
- Completion and Production segment operating income fell 17% YoY to $439M on $3.0B revenue, signaling pricing/margin pressure in North American fracking.
- Leverage remains elevated: $7.16B total debt against $2.0B cash, while operating cash flow dropped 28% YoY to $273M.
- Q1 2025 included $356M in impairments tied to chemical business divestiture, severance, and legacy environmental remediation—indicating ongoing portfolio rationalization risk.
Generated from HAL's filing dated 2024-02-06
Profitability
Operating margin
10.2%
38.8%Net margin
5.8%
46.9%Return on equity
12.3%
48.5%Return on assets
5.1%
47.5%Leverage
Debt / equity
1.39×
3.1%Long-term debt / equity
0.68×
0.4%Debt / assets
58.2%
1.3%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $5.40B | -0.3% | $461.0M | +126.0% | 8.5% |
Q4 2025 2025-12-31 | $5.66B | +0.8% | $589.0M | -4.2% | 10.4% |
Q3 2025 2025-09-30 | $5.60B | -1.7% | $18.0M | -96.8% | 0.3% |
Q2 2025 2025-06-30 | $5.51B | -5.5% | $472.0M | -33.4% | 8.6% |
Q1 2025 2025-03-31 | $5.42B | -6.7% | $204.0M | -66.3% | 3.8% |
Q4 2024 2024-12-31 | $5.61B | — | $615.0M | — | 11.0% |
Q3 2024 2024-09-30 | $5.70B | -1.8% | $571.0M | -20.3% | 10.0% |
Q2 2024 2024-06-30 | $5.83B | +0.6% | $709.0M | +16.2% | 12.2% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Oil & Gas Field Services, NEC · SIC 1389
Your notes
Keep private notes on HAL — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$169.2K
Insider selling
$34.2M
Net activity
−$34.0M
Distinct insiders
10
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns HAL
Institutional value
$9.67B
Total shares held
268.4M
Distinct holders
779
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 51.7M | $2.02B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 39.3M | $1.53B | — | New |
| 3 | Invesco Ltd. | 10.2M | $399.6M | — | New |
| 4 | DIMENSIONAL FUND ADVISORS LP | 9.5M | $370.6M | — | New |
| 5 | CITIGROUP INC | 9.4M | $367.1M | — | New |
| 6 | Bank of New York Mellon Corp | 6.0M | $234.3M | — | New |
| 7 | Legal & General Group Plc | 5.3M | $208.5M | — | New |
| 8 | DEUTSCHE BANK AG\ | 4.7M | $184.4M | — | New |
| 9 | VANGUARD FIDUCIARY TRUST CO | 4.6M | $181.3M | — | New |
| 10 | UBS Group AG | 4.1M | $158.9M | — | New |
| 11 | PZENA INVESTMENT MANAGEMENT LLC | 4.1M | $158.6M | — | New |
| 12 | Canoe Financial LP | 4.1M | $158.5M | — | New |
| 13 | Nuveen, LLC | 3.6M | $142.0M | — | New |
| 14 | PFA Pension, Forsikringsaktieselskab | 3.4M | $132.9M | — | New |
| 15 | DANSKE BANK A/S | 3.3M | $127.4M | — | New |
| 16 | Robeco Institutional Asset Management B.V. | 3.1M | $122.3M | — | New |
| 17 | JANE STREET GROUP, LLC | 3.1M | $119.0M | — | New |
| 18 | WELLS FARGO & COMPANY/MN | 2.7M | $105.1M | — | New |
| 19 | Swiss National Bank | 2.5M | $96.3M | — | New |
| 20 | Assenagon Asset Management S.A. | 2.3M | $90.6M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Completion & Production operating income fell 17% to $439M on only 3% lower revenue—what's driving the margin compression and when does it reverse?
- 2
Operating cash flow dropped to $273M from $377M with receivables building $293M; are customers stretching payments amid softer North American activity?
- 3
You bought back only $100M versus $250M last year while cash fell to $2.0B—is the buyback pace being throttled by deteriorating outlook?
Refreshed when HAL files a new report · last from 2024-02-06