Halliburton (HAL) stock
Energy · Oil & Gas Equipment & Services
Halliburton (HAL) is an Oil & Gas Equipment & Services company in the Energy sector, headquartered in Houston, Texas. As of October 23, 2026, HAL closed at $34.92, a market capitalization of $28.88 billion, the 326th largest company in the S&P 500. Over the last twelve months it generated $22.48 billion in revenue (+2% year over year) and $1.73 billion in free cash flow. The stock trades at 26.3x trailing earnings and 11.8x forward earnings.
- 1-year total return: +30.9% (dividends reinvested)
- 5-year return: +8.3% a year
- 52-week range: $24.92 – $43.59
- Gross margin 14.8%, operating margin 12.4%
- Dividend yield: 1.95%
- FI Handbook report card: C+ across 10 metrics
- 18th largest of 21 Energy stocks in the S&P 500
HAL price chart
1Y price change: +28.3% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| HAL | +5.8% | +25.3% | +30.9% | -3.5% | +8.3% | -1.3% | +6.3% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1972.
HAL key statistics
- Market cap
- $28.9B
- #326 in S&P 500
- P/E (TTM)
- 26.3x
- Forward P/E
- 11.8x
- EPS (TTM)
- $1.33
- Revenue (TTM)
- $22.5B
- +2%
- Free cash flow
- $1.7B
- Gross margin
- 14.8%
- Operating margin
- 12.4%
- Return on equity
- 18.8%
- Dividend yield
- 1.95%
- 52-week range
- $24.92 – $43.59
- Beta
- 0.84
- Price / sales
- 1.3x
- EV / EBITDA
- 8.5x
- Debt / equity
- 0.73x
- Employees
- 46,000
HAL report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth1.8%D
- Gross margin14.8%F
- Operating margin12.4%C
- FCF margin7.7%D
- Return on equity18.8%B
- Net debt / EBITDA1.5xC
- Forward P/E11.8xA
- PEG ratio0.7xA
- Shareholder yield5.4%A
- Share count change / yr-0.6%B
Halliburton financials
Revenue went from $15.9B in fiscal 2016 to $22.2B in fiscal 2025, growing 3.8% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.9B | $20.6B | $24.0B | $22.4B | $14.4B | $15.3B | $20.3B | $23.0B | $22.9B | $22.2B |
| Gross profit | $12.1B | $16.5B | — | — | — | — | — | — | — | — |
| Operating income | -$6.8B | $1.4B | $2.5B | -$448.0M | -$2.4B | $1.8B | $2.7B | $4.1B | $3.8B | $2.3B |
| Net income | -$5.8B | -$463.0M | $1.7B | -$1.1B | -$2.9B | $1.5B | $1.6B | $2.6B | $2.5B | $1.3B |
| EPS (diluted) | $-6.69 | $-0.53 | $1.89 | $-1.29 | — | — | — | — | — | — |
| Free cash flow | -$2.5B | $1.1B | $1.1B | $915.0M | $1.2B | $1.1B | $1.2B | $2.1B | $2.4B | $1.7B |
| Buybacks | $0 | $0 | $400.0M | $100.0M | $100.0M | $0 | $250.0M | $800.0M | $1.0B | $1.0B |
| Dividends paid | $620.0M | $626.0M | $630.0M | $630.0M | $278.0M | $161.0M | $435.0M | $576.0M | $600.0M | $579.0M |
| Diluted shares | 861.0M | 870.0M | 877.0M | 875.0M | 881.0M | 892.0M | 908.0M | 902.0M | 883.0M | 853.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into HAL?
A reverse DCF asks what growth the current price requires. With an enterprise value of $35.2B and $1.7B of trailing free cash flow, Halliburton needs to grow free cash flow about 11.1% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 7.7% a year over the last five years.
P/E ratio history
Current 9.0x vs. median 12.6x (10th–90th percentile 8.6x–26.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
HAL dividend
- Dividend yield
- 1.95%
- Annual dividend
- $0.68
- Years of increases
- —
- 5-yr dividend growth
- 38.2%
- per year
- Payout ratio
- 36%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
HAL earnings
Next report: January 20, 2027. Halliburton has beaten EPS estimates 5 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 20, 2026 | $0.58 | $0.60 | +2.6% |
| Jul 21, 2026 | $0.54 | $0.55 | +2.3% |
| Apr 21, 2026 | $0.50 | $0.55 | +10.4% |
| Jan 21, 2026 | $0.55 | $0.69 | +26.3% |
| Oct 21, 2025 | $0.50 | $0.58 | +16.9% |
| Jul 22, 2025 | $0.55 | $0.55 | -0.7% |
| Apr 22, 2025 | $0.60 | $0.60 | -0.4% |
| Jan 22, 2025 | $0.70 | $0.70 | +0.7% |
Stocks like HAL
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 SLB SLB | +7.08% | +51% | $78.3B | 25.6x | Compare |
 BKR Baker Hughes | +4.18% | +16% | $55.5B | 18.0x | Compare |
 XOM ExxonMobil | +2.79% | +63% | $753.3B | 23.6x | Compare |
 CVX Chevron | +2.88% | +55% | $457.5B | 22.4x | Compare |
 COP ConocoPhillips | +3.55% | +73% | $181.2B | 20.0x | Compare |
 MPC Marathon Petroleum | -0.45% | +137% | $128.4B | 15.8x | Compare |
 VLO Valero Energy | -1.64% | +147% | $120.7B | 9.5x | Compare |
 PSX Phillips 66 | -0.51% | +115% | $113.5B | 16.2x | Compare |
HAL news
- Halliburton (HAL) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates · Oct 23, 2026
- Halliburton (HAL) Stock Slips As Q3 Earnings Fuel Cash Flow Questions · Oct 22, 2026
- Halliburton's Q3 EBITDA Miss Offset by Preliminary 2027 Outlook, RBC Says · Oct 21, 2026
- HAL Q3 2026 Deep Dive: International Growth and Margin Expansion Shape Halliburton’s Outlook · Oct 21, 2026
- Halliburton: 3 Key Takeaways for Long-Term Investors · Oct 20, 2026
HAL stock FAQ
What is HAL's market cap?
Halliburton's market capitalization is $28.88 billion as of October 23, 2026, ranking 326th in the S&P 500.
What is HAL's P/E ratio?
HAL trades at a trailing price-to-earnings ratio of 26.3x and a forward P/E of 11.8x. Its median P/E over the period we track is 12.6x.
Does HAL pay a dividend?
Yes. Halliburton pays $0.68 per share a year, a 1.95% yield. Dividends grew 38.2% a year over the last five years.
How much has HAL stock returned?
Including reinvested dividends, HAL returned +30.9% over one year, +8.3% a year over five years, -1.3% a year over ten years through October 23, 2026.
Is HAL stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Halliburton must grow free cash flow about 11% a year for the next decade. Its free cash flow grew 8% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does HAL report earnings?
Halliburton is expected to report earnings on January 20, 2027. It has beaten EPS estimates 5 quarters in a row.
How many employees does Halliburton have?
Halliburton has about 46,000 full-time employees, or $488,609 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology