Halliburton Company

Energy

NYSE:HAL · New York Stock Exchange

Market Cap $33.08B Beta 0.70 P/E (TTM) 21.5

$39.60 -0.41%

-$0.17 today

52W Low $20.09High $43.59

Vol 5.20M · Avg 13.89M

EPS (TTM)$1.84

Div Yield1.72%

Oil & Gas Equipment & Services

Income Statement

Follow revenue through to earnings

Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.

Income Statement Balance Sheet Cash Flow

Earnings Waterfall

Revenue to Net Income

Income Statement

Key Ratios

EPS$1.82

Gross Margin15.3%

Net Margin7.0%

P/E Ratio81.8

P/S Ratio4.3

Analysis

$22.2B of revenue converted into $1.5B of net income for the selected period. Gross margin is 15.3% and net margin is 7.0%, showing how much revenue survives after costs and taxes. EPS is $1.82, tying the income statement back to per-share earnings.

Income Statement

Annual data · 5 periods

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Revenue	$22.2B -3.3%	$22.9B -0.3%	$23.0B +13.4%	$20.3B +32.7%	$15.3B	$809.6M	$921.6M	$731.2M
Cost of Revenue	$18.7B +0.3%	$18.6B -0.1%	$18.7B +9.4%	$17.1B +28.4%	$13.3B	$725.6M	$804.0M	$882.4M

Gross Profit	$3.5B -19.0%	$4.3B -1.4%	$4.4B +34.4%	$3.2B +60.9%	$2.0B	$8.9B	$7.6B	$6.2B

Gross Margin	15.7% -3.0pp	18.7% -0.2pp	18.9% +3.0pp	16.0% +2.8pp	13.2%	9.8%	28.9%	38.3%
Research & Development	$411.0M -3.5%	$426.0M +4.4%	$408.0M +18.3%	$345.0M +7.5%	$321.0M	$983.2M	$1.3B	$490.4M
Selling, General & Admin	$239.0M +0.0%	$239.0M +5.8%	$226.0M -5.8%	$240.0M +17.6%	$204.0M	$620.6M	$923.0M	-$1.5B

Operating Expenses	$1.2B +155.5%	$479.0M +72.9%	$277.0M -48.3%	$536.0M +148.1%	$216.0M	$5.3B	$7.0B	$8.7B
Depreciation & Amortization	$1.1B +5.3%	$1.1B +8.1%	$998.0M +6.2%	$940.0M +4.0%	$904.0M	$374.2M	$1.2B	$631.8M

EBITDA	$4.1B -17.7%	$5.0B +1.3%	$4.9B +25.3%	$3.9B +49.1%	$2.6B	-$15.2B	$6.8B	$9.3B
EBITDA Margin	18.6% -3.2pp	21.8% +0.4pp	21.5% +2.0pp	19.4% +2.1pp	17.3%	5.6%	46.3%	42.0%

Operating Income	$2.3B -40.9%	$3.8B -6.4%	$4.1B +50.8%	$2.7B +50.4%	$1.8B	$12.3B	$14.0B	-$15.7B

Operating Margin	10.2% -6.5pp	16.7% -1.1pp	17.7% +4.4pp	13.3% +1.6pp	11.8%	16.6%	24.1%	22.0%
Interest Income	$0 -100.0%	$97.0M +19.8%	$81.0M +179.3%	$29.0M +222.2%	$9.0M	-$1.5B	-$1.6B	$405.0M
Interest Expense	$352.0M -0.3%	$353.0M -38.9%	$578.0M +17.5%	$492.0M -7.0%	$529.0M	$1.1B	$1.0B	$1.2B
Other Income / Expenses	-$489.0M +16.8%	-$588.0M +18.3%	-$720.0M -20.6%	-$597.0M -8.9%	-$548.0M	-$1.5B	$1.4B	$1.2B

Income Before Tax	$1.8B -45.2%	$3.2B -3.8%	$3.4B +59.4%	$2.1B +68.5%	$1.3B	$3.3B	$4.9B	$3.6B
Pre-Tax Margin	8.0% -6.1pp	14.1% -0.5pp	14.6% +4.2pp	10.4% +2.2pp	8.2%	20.8%	18.7%	26.2%
Income Tax Expense	$479.0M -33.3%	$718.0M +2.4%	$701.0M +36.1%	$515.0M +338.4%	-$216.0M	$1.3B	-$1.6B	$745.2M

Net Income	$1.3B -48.7%	$2.5B -5.2%	$2.6B +67.8%	$1.6B +7.9%	$1.5B	$4.9B	$4.8B	$4.7B

Net Margin	5.8% -5.1pp	10.9% -0.6pp	11.5% +3.7pp	7.7% -1.8pp	9.5%	12.4%	17.5%	22.5%
EPS (Basic)	$2 -46.6%	$3 -3.4%	$3 +68.4%	$2 +6.7%	$2	$400.8M	$703.2M	$1.3B
EPS (Diluted)	$2 -47.0%	$3 -3.1%	$3 +68.8%	$2 +6.1%	$2	$766.2M	$609.4M	$452.6M
Weighted Avg Shares	$839.0M -4.9%	$882.0M -1.9%	$899.0M -0.6%	$904.0M +1.3%	$892.0M	$757.8M	$925.8M	$1.1B
Weighted Avg Shares (Diluted)	$840.0M -4.9%	$883.0M -2.1%	$902.0M -0.7%	$908.0M +1.8%	$892.0M	$1.2B	$924.4M	$678.0M