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

$34.03-0.48(-0.01%)After hours

Market Cap

$28.45B

P/E

17.8x

P/S

1.3x

P/B

2.6x

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

AverageMetricSide Score: 55/100

Strongest: Cash & Earnings Quality (16/25); weakest: Growth (10/25).

Profitability15/25

Growth10/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality16/25

Strengths

Cash-backed earningsConsistent free cash flowImproving marginsNo share dilution

Valuation vs. 5-year range

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

P/E · 17.8x5y range 9.4x – 49.8x

Currently above its 20-quarter median.

P/S · 1.3x5y range 0.8x – 2.1x

Currently near its 20-quarter median.

P/B · 2.6x5y range 1.7x – 4.9x

Watch items

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

Some Concerns

Margin Pressure

Watch

Operating margins declined 13.8% — watch for continued compression, which may signal competitive or cost pressure.

Revenue Decline

Watch

Revenue has softened, declining in 5 quarters. Watch for further erosion.

Price & Volume

Market Cap $28.45B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $22.37B
Q. Revenue: $5.71B
TTM EBITDA: $3.73B
TTM Op. Income: $2.56B
Q. Op. Income: $778.00M
TTM Net Income: $1.60B
Q. Net Income: $534.00M
EPS: $0.64
Shares Out.: $836.00M

$22.37B in TTM revenue grew 0.6% YoY, reaching $5.71B last quarter. TTM EBITDA of $3.73B and TTM operating income of $2.56B show growth is flowing through to the bottom line. TTM net income of $1.60B means revenue is converting into profit. Over the past year, TTM revenue is up 1% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 18.8%
Op. Margin: 13.6%
Net Margin: 9.3%

Op. margin of 13.6% is up 0.4% YoY — cost efficiency is improving. Net margin at 9.3% Over the past year, operating margin is up 3% — an improving trend.

Price Ratios

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

P/E Ratio: 17.8x
P/S Ratio: 1.3x
P/B Ratio: 2.6x

At 17.8x P/E, the stock trades within typical market levels. P/S of 1.3x and P/B of 2.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 89% — an improving trend.

Assets & Liabilities

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

Total Assets: $25.83B
Cash: $2.05B
Long-Term Debt: $7.07B
Book Value: $11.01B
D/E Ratio: 0.6
Debt/EBITDA: 6.6

With $25.83B in assets and $7.07B in long-term debt, D/E is 0.6and book value is $11.01B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow: $824.00M
TTM Free Cash Flow: $1.73B
FCF Margin: 7.7%
FCF / Net Income: 1.1

TTM FCF of $1.73B on $824.00M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.