Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Halliburton Co

HAL · NYSE · Energy

Fundamental quality

REASONABLE

63

out of 100

Halliburton Co earns a fundamental-quality score of 63 out of 100, profiling it as a company of reasonable quality. Its score rests mainly on its financial strength (net debt 1.37× EBITDA). Its weakest area is its growth (revenue +8.3%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Halliburton is the world's great specialist in hydraulic fracturing: the company oil producers hire to complete their wells, above all in American shale. It lives off others drilling: its revenue is the industry's drilling budget.

What will shape its future

  • North American drilling spend, its dominant and most volatile market.
  • International and deepwater expansion, the counterweight it is building.
  • Fracking efficiency: doing more well with fewer crews also eats its market.

Breakdown by area

I.Growth
50

EPS growth: 5.1% · Revenue growth: 8.3%

II.Profitability
64

Net margin: 7.2% · ROE: 14.6% · ROIC: 12.3%

III.Financial health
74

Net debt/EBITDA: 1.37x · FCF: 7.7%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 30 Energy companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 50%
ROEbeats 50%
Growthbeats 20%
Cash generationbeats 70%
Less debtbeats 61%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Halliburton Co strengths

  • It has turned profitable after years of losses.
  • It has cut its net debt over the period.
  • Revenue growing (8.3% annualized).
  • Positive free cash flow year after year, a self-funding business.

Halliburton Co risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Halliburton Co historical evolution

YearRevenueNet incomeFree cash flowNet debt
202014,445-2,9451,1537,264
202115,2951,4571,1126,090
202220,2971,5721,2315,582
202323,0182,6382,0795,372
202422,9442,5012,4234,923
202522,1841,2831,6724,952

Between 2020 and 2025, revenue went from $14,445M to $22,184M (+54%) and net income went from -$2,945M to $1,283M (+144%). It has also reduced its net debt over the period.

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+1.7%
  • Net income+47.2%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score6263

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$0.68

per share, yearly

45.1% of earnings

Payout

at least 3 straight years raising it

Growth

That is what we can verify in the SEC filings, whose structured data only starts in 2008 and which many companies begin tagging later. The real streak may be considerably longer.

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Halliburton Co cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Halliburton Co a good company to invest in?

In terms of business quality, Halliburton Co scores 63 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Halliburton Co a profitable company?

Halliburton Co is profitable, with a net margin of 7.2%, though a thin one.

Does Halliburton Co have a lot of debt?

Not particularly. Its net debt is 1.37 times its EBITDA, a low level.

Is Halliburton Co growing?

Its revenue has grown 8.3% annualized in recent years and its earnings per share 5.1%.

Does Halliburton Co generate cash?

Yes. It converts about 7.7% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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