HALLIBURTON CO (HAL) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:HAL • US4062161017
32.83 USD
-0.69 (-2.06%)
At close: Feb 2, 2026
32.52 USD
-0.31 (-0.94%)
Pre-Market: 2/3/2026, 4:33:00 AM
Taking everything into account, HAL scores 5 out of 10 in our fundamental rating. HAL was compared to 61 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. Profitability
1.1 Basic Checks
- HAL had positive earnings in the past year.
- HAL had a positive operating cash flow in the past year.
- In the past 5 years HAL has always been profitable.
- In the past 5 years HAL always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of HAL (5.13%) is better than 68.85% of its industry peers.
- HAL's Return On Equity of 12.26% is fine compared to the rest of the industry. HAL outperforms 77.05% of its industry peers.
- HAL has a Return On Invested Capital of 12.00%. This is amongst the best in the industry. HAL outperforms 91.80% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for HAL is in line with the industry average of 12.88%.
| 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
- The Profit Margin of HAL (5.78%) is comparable to the rest of the industry.
- HAL's Profit Margin has declined in the last couple of years.
- HAL's Operating Margin of 13.93% is fine compared to the rest of the industry. HAL outperforms 72.13% of its industry peers.
- In the last couple of years the Operating Margin of HAL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.93% | ||
| PM (TTM) | 5.78% | ||
| GM | N/A |
OM growth 3Y-2.73%
OM growth 5Y8.11%
PM growth 3Y-9.28%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HAL is still creating some value.
- Compared to 1 year ago, HAL has less shares outstanding
- HAL has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, HAL has an improved debt to assets ratio.
2.2 Solvency
- 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.
- With a Debt to FCF ratio value of 4.28, HAL perfoms like the industry average, outperforming 57.38% of the companies in the same industry.
- HAL has a Debt/Equity ratio of 0.68. This is a neutral value indicating HAL is somewhat dependend on debt financing.
- HAL has a worse Debt to Equity ratio (0.68) than 67.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 4.28 | ||
| Altman-Z | N/A |
ROIC/WACC1.45
WACC8.26%
2.3 Liquidity
- HAL has a Current Ratio of 2.04. This indicates that HAL is financially healthy and has no problem in meeting its short term obligations.
- The Current ratio of HAL (2.04) is comparable to the rest of the industry.
- HAL has a Quick Ratio of 1.51. This is a normal value and indicates that HAL is financially healthy and should not expect problems in meeting its short term obligations.
- HAL has a Quick ratio of 1.51. This is comparable to the rest of the industry: HAL outperforms 54.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.51 |
3. Growth
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.
- HAL shows a decrease in Revenue. In the last year, the revenue decreased by -3.31%.
- 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
- Based on estimates for the next years, HAL will show a small growth in Earnings Per Share. The EPS will grow by 6.16% on average per year.
- The Revenue is expected to grow by 2.38% on average over the next years.
EPS Next Y-7.97%
EPS Next 2Y5.12%
EPS Next 3Y7.57%
EPS Next 5Y6.16%
Revenue Next Year-1.36%
Revenue Next 2Y1.09%
Revenue Next 3Y2.09%
Revenue Next 5Y2.38%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 13.57, the valuation of HAL can be described as correct.
- 86.89% of the companies in the same industry are more expensive than HAL, based on the Price/Earnings ratio.
- The average S&P500 Price/Earnings ratio is at 28.41. HAL is valued rather cheaply when compared to this.
- A Price/Forward Earnings ratio of 14.74 indicates a correct valuation of HAL.
- Based on the Price/Forward Earnings ratio, HAL is valued cheaper than 86.89% of the companies in the same industry.
- HAL's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.64.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.57 | ||
| Fwd PE | 14.74 |
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.
- The rest of the industry has a similar Price/Free Cash Flow ratio as HAL.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.53 | ||
| EV/EBITDA | 7.71 |
4.3 Compensation for Growth
- HAL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.45
EPS Next 2Y5.12%
EPS Next 3Y7.57%
5. Dividend
5.1 Amount
- HAL has a Yearly Dividend Yield of 2.04%. Purely for dividend investing, there may be better candidates out there.
- HAL's Dividend Yield is a higher than the industry average which is at 1.12.
- Compared to an average S&P500 Dividend Yield of 1.83, HAL has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.04% |
5.2 History
- On average, the dividend of HAL grows each year by 16.52%, which is quite nice.
- HAL has been paying a dividend for at least 10 years, so it has a reliable track record.
- HAL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)16.52%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- 45.13% of the earnings are spent on dividend by HAL. 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 2Y5.12%
EPS Next 3Y7.57%
32.83
-0.69 (-2.06%)
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 Change-2.73%
Ins Owners0.43%
Ins Owner Change-0.18%
Market Cap27.63B
Revenue(TTM)22.18B
Net Income(TTM)1.28B
Analysts78.75
Price Target32.19 (-1.95%)
Short Float %3.14%
Short Ratio2.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.04% |
Yearly Dividend0.68
Dividend Growth(5Y)16.52%
DP45.13%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
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)3.27%
PT rev (3m)9.3%
EPS NQ rev (1m)0.55%
EPS NQ rev (3m)0.61%
EPS NY rev (1m)-0.07%
EPS NY rev (3m)6.98%
Revenue NQ rev (1m)0.64%
Revenue NQ rev (3m)0.71%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)2.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.57 | ||
| Fwd PE | 14.74 | ||
| P/S | 1.25 | ||
| P/FCF | 16.53 | ||
| P/OCF | 9.44 | ||
| P/B | 2.64 | ||
| P/tB | 3.67 | ||
| EV/EBITDA | 7.71 |
EPS(TTM)2.42
EY7.37%
EPS(NY)2.23
Fwd EY6.78%
FCF(TTM)1.99
FCFY6.05%
OCF(TTM)3.48
OCFY10.59%
SpS26.36
BVpS12.43
TBVpS8.94
PEG (NY)N/A
PEG (5Y)0.45
Graham Number26.02
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 | N/A | ||
| 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 3YN/A
GM growth 5YN/A
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 | 250 | ||
| Cash Conversion | 69.22% | ||
| Profit Quality | 130.32% | ||
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.51 | ||
| Altman-Z | N/A |
F-Score4
WACC8.26%
ROIC/WACC1.45
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-7.97%
EPS Next 2Y5.12%
EPS Next 3Y7.57%
EPS Next 5Y6.16%
Revenue 1Y (TTM)-3.31%
Revenue growth 3Y3.01%
Revenue growth 5Y8.96%
Sales Q2Q%0.84%
Revenue Next Year-1.36%
Revenue Next 2Y1.09%
Revenue Next 3Y2.09%
Revenue Next 5Y2.38%
EBIT growth 1Y-21.51%
EBIT growth 3Y0.19%
EBIT growth 5Y17.79%
EBIT Next Year32.98%
EBIT Next 3Y16.51%
EBIT Next 5Y10.79%
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 -7.97% 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%.