Halliburton (HAL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Halliburton

NYSE•Energy•Oil & Gas Equipment & Services

$34.94-1.23(-0.03%)Market open

Market Cap

$28.31B

P/E

14.1x

P/S

1.3x

P/B

2.5x

Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger systems, sand control systems, multilateral systems, and service tools. This segment also provides electrical submersible pumps, as well as artificial lift services; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning; and specialty chemicals and services. The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; drilling systems and services; wireline and perforating services consisting of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. This segment also provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas.

How this company scores

GoodMetricSide Score: 69/100

Strongest: Profitability (20/25); weakest: Balance Sheet & Red Flags (14/25).

Profitability20/25

Growth17/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality18/25

Strengths

High ROERising earningsCash-backed earningsConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 14.1x5y range 9.4x – 22.7x

Currently near its 20-quarter median.

P/S · 1.3x5y range 0.8x – 2.1x

Currently near its 20-quarter median.

P/B · 2.5x5y range 1.7x – 4.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Revenue Decline

Watch

Revenue has softened, declining in 4 quarters. Watch for further erosion.

Price & Volume

Market Cap $28.31B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $22.48B
Q. Revenue: $5.70B
TTM EBITDA: $4.00B
TTM Op. Income: $2.83B
Q. Op. Income: $624.00M
TTM Net Income: $2.00B
Q. Net Income: $417.00M
EPS: $0.5
Shares Out.: $831.00M

$22.48B in TTM revenue grew 1.5% YoY, reaching $5.70B last quarter. TTM EBITDA of $4.00B and TTM operating income of $2.83B show growth is flowing through to the bottom line. TTM net income of $2.00B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 16.1%
Op. Margin: 10.9%
Net Margin: 7.3%

Op. margin of 10.9% is up 4.6% YoY — cost efficiency is improving. Net margin at 7.3% Over the past year, operating margin is up 72% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 14.1x
P/S Ratio: 1.3x
P/B Ratio: 2.5x

At 14.1x P/E, the stock trades below typical market levels. P/S of 1.3x and P/B of 2.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $26.07B
Cash: $1.84B
Long-Term Debt: $7.07B
Book Value: $11.12B
D/E Ratio: 0.6
Debt/EBITDA: 7.7

With $26.07B in assets and $7.07B in long-term debt, D/E is 0.6and book value is $11.12B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $368.00M
TTM Free Cash Flow: $1.60B
FCF Margin: 7.1%
FCF / Net Income: 0.8

TTM FCF of $1.60B on $368.00M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 15% — a weakening trend.