HALLIBURTON CO (HAL) Fundamental Analysis & Valuation
NYSE:HAL • US4062161017
35.26 USD
-0.71 (-1.97%)
At close: Mar 3, 2026
35.26 USD
0 (0%)
Pre-Market: 3/4/2026, 4:12:07 AM
This HAL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, HAL scores 5 out of 10 in our fundamental rating. HAL was compared to 60 industry peers in the Energy Equipment & Services industry. Both the profitability and the financial health of HAL get a neutral evaluation. Nothing too spectacular is happening here. HAL is not valued too expensively and it also shows a decent growth rate.
1. HAL Profitability Analysis
1.1 Basic Checks
- In the past year HAL was profitable.
- HAL had a positive operating cash flow in the past year.
- Each year in the past 5 years HAL has been profitable.
- HAL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- HAL has a Return On Assets of 5.13%. This is in the better half of the industry: HAL outperforms 71.67% of its industry peers.
- Looking at the Return On Equity, with a value of 12.26%, HAL is in the better half of the industry, outperforming 78.33% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 12.00%, HAL belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
- HAL had an Average Return On Invested Capital over the past 3 years of 14.44%. This is in line with the industry average of 13.23%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.13% | ||
| ROE | 12.26% | ||
| ROIC | 12% |
ROA(3y)8.53%
ROA(5y)7.78%
ROE(3y)21.39%
ROE(5y)21.13%
ROIC(3y)14.44%
ROIC(5y)12.77%
1.3 Margins
- HAL has a better Profit Margin (5.78%) than 61.67% of its industry peers.
- In the last couple of years the Profit Margin of HAL has declined.
- The Operating Margin of HAL (13.93%) is better than 70.00% of its industry peers.
- HAL's Operating Margin has improved in the last couple of years.
- HAL's Gross Margin of 15.71% is on the low side compared to the rest of the industry. HAL is outperformed by 75.00% of its industry peers.
- HAL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.93% | ||
| PM (TTM) | 5.78% | ||
| GM | 15.71% |
OM growth 3Y-2.73%
OM growth 5Y8.11%
PM growth 3Y-9.28%
PM growth 5YN/A
GM growth 3Y-1.28%
GM growth 5Y7.99%
2. HAL Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), HAL is creating some value.
- Compared to 1 year ago, HAL has less shares outstanding
- HAL has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for HAL has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 3.63 indicates that HAL is not in any danger for bankruptcy at the moment.
- HAL has a better Altman-Z score (3.63) than 83.33% of its industry peers.
- HAL has a debt to FCF ratio of 4.28. This is a neutral value as HAL would need 4.28 years to pay back of all of its debts.
- HAL has a Debt to FCF ratio of 4.28. This is comparable to the rest of the industry: HAL outperforms 56.67% of its industry peers.
- A Debt/Equity ratio of 0.68 indicates that HAL is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.68, HAL is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 4.28 | ||
| Altman-Z | 3.63 |
ROIC/WACC1.43
WACC8.36%
2.3 Liquidity
- A Current Ratio of 2.04 indicates that HAL has no problem at all paying its short term obligations.
- With a Current ratio value of 2.04, HAL perfoms like the industry average, outperforming 56.67% of the companies in the same industry.
- A Quick Ratio of 1.51 indicates that HAL should not have too much problems paying its short term obligations.
- HAL has a Quick ratio of 1.51. This is comparable to the rest of the industry: HAL outperforms 51.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.51 |
3. HAL Growth Analysis
3.1 Past
- HAL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.06%.
- HAL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 30.07% yearly.
- Looking at the last year, HAL shows a decrease in Revenue. The Revenue has decreased by -3.31% in the last year.
- The Revenue has been growing by 8.96% on average over the past years. This is quite good.
EPS 1Y (TTM)-19.06%
EPS 3Y3.86%
EPS 5Y30.07%
EPS Q2Q%-1.43%
Revenue 1Y (TTM)-3.31%
Revenue growth 3Y3.01%
Revenue growth 5Y8.96%
Sales Q2Q%0.84%
3.2 Future
- The Earnings Per Share is expected to grow by 7.19% on average over the next years.
- Based on estimates for the next years, HAL will show a small growth in Revenue. The Revenue will grow by 2.60% on average per year.
EPS Next Y-6.74%
EPS Next 2Y5.22%
EPS Next 3Y8.11%
EPS Next 5Y7.19%
Revenue Next Year-1.21%
Revenue Next 2Y1.08%
Revenue Next 3Y2%
Revenue Next 5Y2.6%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. HAL Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 14.57 indicates a correct valuation of HAL.
- HAL's Price/Earnings ratio is rather cheap when compared to the industry. HAL is cheaper than 88.33% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 26.83, HAL is valued a bit cheaper.
- HAL is valuated correctly with a Price/Forward Earnings ratio of 15.62.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of HAL indicates a rather cheap valuation: HAL is cheaper than 85.00% of the companies listed in the same industry.
- HAL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.95, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.57 | ||
| Fwd PE | 15.62 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HAL is on the same level as its industry peers.
- HAL's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.66 | ||
| EV/EBITDA | 8.16 |
4.3 Compensation for Growth
- The decent profitability rating of HAL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.48
EPS Next 2Y5.22%
EPS Next 3Y8.11%
5. HAL Dividend Analysis
5.1 Amount
- HAL has a Yearly Dividend Yield of 1.90%.
- Compared to an average industry Dividend Yield of 1.03, HAL pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, HAL has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.9% |
5.2 History
- The dividend of HAL is nicely growing with an annual growth rate of 16.61%!
- HAL has paid a dividend for at least 10 years, which is a reliable track record.
- HAL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)16.61%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- HAL pays out 45.13% of its income as dividend. This is a bit on the high side, but may be sustainable.
- The dividend of HAL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP45.13%
EPS Next 2Y5.22%
EPS Next 3Y8.11%
HAL Fundamentals: All Metrics, Ratios and Statistics
35.26
-0.71 (-1.97%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)01-21 2026-01-21/bmo
Earnings (Next)04-20 2026-04-20/bmo
Inst Owners90.8%
Inst Owner Change1.03%
Ins Owners0.43%
Ins Owner Change-0.18%
Market Cap29.53B
Revenue(TTM)22.18B
Net Income(TTM)1.28B
Analysts77.58
Price Target37.29 (5.76%)
Short Float %4.58%
Short Ratio2.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.9% |
Yearly Dividend0.68
Dividend Growth(5Y)16.61%
DP45.13%
Div Incr Years3
Div Non Decr Years3
Ex-Date03-04 2026-03-04 (0.17)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)20.08%
Min EPS beat(2)14.93%
Max EPS beat(2)25.23%
EPS beat(4)2
Avg EPS beat(4)9.46%
Min EPS beat(4)-1.38%
Max EPS beat(4)25.23%
EPS beat(8)3
Avg EPS beat(8)4.22%
EPS beat(12)7
Avg EPS beat(12)4.22%
EPS beat(16)11
Avg EPS beat(16)4.53%
Revenue beat(2)2
Avg Revenue beat(2)3.17%
Min Revenue beat(2)2.87%
Max Revenue beat(2)3.48%
Revenue beat(4)4
Avg Revenue beat(4)2.16%
Min Revenue beat(4)0.79%
Max Revenue beat(4)3.48%
Revenue beat(8)5
Avg Revenue beat(8)0.33%
Revenue beat(12)6
Avg Revenue beat(12)-0.06%
Revenue beat(16)8
Avg Revenue beat(16)0.33%
PT rev (1m)15.85%
PT rev (3m)24.74%
EPS NQ rev (1m)-0.01%
EPS NQ rev (3m)0.28%
EPS NY rev (1m)1.34%
EPS NY rev (3m)0.46%
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)0.75%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.57 | ||
| Fwd PE | 15.62 | ||
| P/S | 1.33 | ||
| P/FCF | 17.66 | ||
| P/OCF | 10.09 | ||
| P/B | 2.82 | ||
| P/tB | 3.93 | ||
| EV/EBITDA | 8.16 |
EPS(TTM)2.42
EY6.86%
EPS(NY)2.26
Fwd EY6.4%
FCF(TTM)2
FCFY5.66%
OCF(TTM)3.49
OCFY9.91%
SpS26.49
BVpS12.49
TBVpS8.98
PEG (NY)N/A
PEG (5Y)0.48
Graham Number26.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.13% | ||
| ROE | 12.26% | ||
| ROCE | 15.91% | ||
| ROIC | 12% | ||
| ROICexc | 13.53% | ||
| ROICexgc | 16.32% | ||
| OM | 13.93% | ||
| PM (TTM) | 5.78% | ||
| GM | 15.71% | ||
| FCFM | 7.54% |
ROA(3y)8.53%
ROA(5y)7.78%
ROE(3y)21.39%
ROE(5y)21.13%
ROIC(3y)14.44%
ROIC(5y)12.77%
ROICexc(3y)16.46%
ROICexc(5y)14.68%
ROICexgc(3y)19.81%
ROICexgc(5y)17.78%
ROCE(3y)19.16%
ROCE(5y)16.94%
ROICexgc growth 3Y-3.55%
ROICexgc growth 5Y11.59%
ROICexc growth 3Y-3.12%
ROICexc growth 5Y12.53%
OM growth 3Y-2.73%
OM growth 5Y8.11%
PM growth 3Y-9.28%
PM growth 5YN/A
GM growth 3Y-1.28%
GM growth 5Y7.99%
F-Score4
Asset Turnover0.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 4.28 | ||
| Debt/EBITDA | 1.69 | ||
| Cap/Depr | 110.39% | ||
| Cap/Sales | 5.65% | ||
| Interest Coverage | 7.16 | ||
| Cash Conversion | 69.22% | ||
| Profit Quality | 130.32% | ||
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.51 | ||
| Altman-Z | 3.63 |
F-Score4
WACC8.36%
ROIC/WACC1.43
Cap/Depr(3y)127.4%
Cap/Depr(5y)115.63%
Cap/Sales(3y)5.98%
Cap/Sales(5y)5.63%
Profit Quality(3y)102%
Profit Quality(5y)92.13%
High Growth Momentum
Growth
EPS 1Y (TTM)-19.06%
EPS 3Y3.86%
EPS 5Y30.07%
EPS Q2Q%-1.43%
EPS Next Y-6.74%
EPS Next 2Y5.22%
EPS Next 3Y8.11%
EPS Next 5Y7.19%
Revenue 1Y (TTM)-3.31%
Revenue growth 3Y3.01%
Revenue growth 5Y8.96%
Sales Q2Q%0.84%
Revenue Next Year-1.21%
Revenue Next 2Y1.08%
Revenue Next 3Y2%
Revenue Next 5Y2.6%
EBIT growth 1Y-21.51%
EBIT growth 3Y0.19%
EBIT growth 5Y17.79%
EBIT Next Year32.78%
EBIT Next 3Y16.63%
EBIT Next 5Y11%
FCF growth 1Y-30.99%
FCF growth 3Y10.75%
FCF growth 5Y7.72%
OCF growth 1Y-24.29%
OCF growth 3Y9.28%
OCF growth 5Y9.24%
HALLIBURTON CO / HAL FAQ
Can you provide the ChartMill fundamental rating for HALLIBURTON CO?
ChartMill assigns a fundamental rating of 5 / 10 to HAL.
What is the valuation status of HALLIBURTON CO (HAL) stock?
ChartMill assigns a valuation rating of 5 / 10 to HALLIBURTON CO (HAL). This can be considered as Fairly Valued.
Can you provide the profitability details for HALLIBURTON CO?
HALLIBURTON CO (HAL) has a profitability rating of 6 / 10.
What is the earnings growth outlook for HALLIBURTON CO?
The Earnings per Share (EPS) of HALLIBURTON CO (HAL) is expected to decline by -6.74% in the next year.
How sustainable is the dividend of HALLIBURTON CO (HAL) stock?
The dividend rating of HALLIBURTON CO (HAL) is 5 / 10 and the dividend payout ratio is 45.13%.