Halliburton Co (HAL)
Energy · Oil & Gas Equipment & Services · US stock · S&P 500 component
$33.50
▲ +0.61 (1.85%)
Fair valueFair
$31 −7.3% to fair value
$16fair band $19–$43$47
Day's range
$33.23 – $33.70
52-week range
$21.03 – $43.20
About Halliburton Co
Companies that find and produce oil and gas rely on Halliburton for services and equipment. Its work covers drilling fluids, well design and evaluation, cementing, hydraulic fracturing and other well completion and production services. The firm operates through two main divisions, one focused on completing and producing wells and one on drilling and evaluation. Customers are oil and gas producers, including international, independent and national oil companies, in North America and many other regions.
Revenue comes from charges for services, equipment and software that producers use at the wellsite, so activity levels in oil and gas drilling matter to the business. Sales were $22.4 billion over the last twelve months, up 3.0% a year over the last three years. The operating margin is 11.4%, and the business earns a profit of 12% on the capital invested in it. Net debt is 1.4 times EBITDA. The dividend yield is 2.0%. On the site's X-Ray Score it receives 51 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $21.03 – $43.20Volume 7,705,000Daily, split-adjusted
Vitals
Market cap$28.1B
52-week range$21.03 – $43.20
Volume (last day)7,705,000
P/E (TTM)17.7
EBIT / EV yield7.7%
Free-cash-flow yield6.1%
Dividend yield2.0%
Revenue (TTM)$22.4B
Net income (TTM)$1.6B
Operating margin11.4%
Return on capital12.3%
Debt incl. leases$7.2B
Cash & securities$2.0B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$31model spread $29 – $34
Fair
−7.3% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.63x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $34
Undervalued < $19Fair $19 – $43Overvalued > $43
10-year DCF (market-scaled)
$32
Peer multiples
$21
Earnings power floor (not blended)
$12
Fundamentals-adjusted multiple
$40
Growth the price implies
13.9%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Energy peers. Open a lens to see the numbers behind it.
Valuation
Fair
51/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield7.7%
Free-cash-flow yield6.1%
Fair value vs price0.9×
Growth
Fair
53/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)3.0%
Growth consistency40%
Profitability
Weak
45/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital12.3%
Operating margin11.4%
Financial health
Fair
59/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA1.4×
Interest coverNo interest cost
Dividends
Weak
42/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield2.0%
Dividends vs free cash flow33%
Dividend growth10.0%
Quarterly results: last 6 quarters
-6.7%
Mar '25
-5.5%
Jun '25
-1.7%
Sep '25
+0.8%
Dec '25
-0.3%
Mar '26
+3.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $5.7B, diluted EPS $0.64.
Fundamentals checklist
● 5 Good · ● 6 Average · ● 3 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
Free-cash-flow growth (3y)Good
Revenue growth (3y)Good
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 51/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $15.3B | $20.3B | $23.0B | $22.9B | $22.2B |
| Operating income | $1.8B | $2.7B | $4.1B | $3.8B | $2.3B |
| Net income | $1.5B | $1.6B | $2.6B | $2.5B | $1.3B |
| Operating cash flow | $1.9B | $2.2B | $3.5B | $3.9B | $2.9B |
| Operating margin | 11.8% | 13.3% | 17.7% | 16.7% | 10.2% |
| Free cash flow | $1.1B | $1.2B | $2.1B | $2.4B | $1.7B |
| Diluted EPS | $1.63 | – | – | – | – |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
5 bullish · 1 neutral · 10 bearish
Weekly
Neutral
5 bullish · 1 neutral · 6 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 32.70 | Bullish |
| EMA 10 | 32.81 | Bullish |
| SMA 20 | 32.56 | Bullish |
| EMA 20 | 32.99 | Bullish |
| SMA 50 | 34.05 | Bearish |
| EMA 50 | 33.70 | Bearish |
| SMA 100 | 34.66 | Bearish |
| EMA 100 | 34.31 | Bearish |
| SMA 200 | 35.41 | Bearish |
| EMA 200 | 33.63 | Bearish |
Oscillators (daily)
| RSI (14) | 53.21 | Neutral |
| MACD (12, 26) | -0.34 | Bearish |
| Momentum (12) | 5.35 | Bullish |
| Stochastic %K (14) | 91.80 | Bearish |
| Williams %R (14) | -8.20 | Bearish |
| CCI (20) | 156.6 | Bearish |
Pivot points (classic, last session)
S3 32.78 | S2 33.01 | S1 33.25 | Pivot 33.48 | R1 33.72 | R2 33.95 | R3 34.19 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.68 USD
Yield on today's price
2.03%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 2 Sep 2026 | 0.1700 |
| 3 Jun 2026 | 0.1700 |
| 4 Mar 2026 | 0.1700 |
| 3 Dec 2025 | 0.1700 |
| 3 Sep 2025 | 0.1700 |
| 4 Jun 2025 | 0.1700 |
| 5 Mar 2025 | 0.1700 |
| 4 Dec 2024 | 0.1700 |
| 4 Sep 2024 | 0.1700 |
| 5 Jun 2024 | 0.1700 |
| 5 Mar 2024 | 0.1700 |
| 6 Dec 2023 | 0.1600 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
HAL SEC filings
15 Oct 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
16 Sep 2026
8-KSEC EDGAR
Other events
24 Jul 2026
10-QSEC EDGAR
Quarterly report
21 Jul 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
29 Jun 2026
8-KSEC EDGAR
Other events
20 May 2026
8-KSEC EDGAR
Shareholder vote results
24 Apr 2026
10-QSEC EDGAR
Quarterly report
21 Apr 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.