HAL
Halliburton
$32.24
▼ 0.8%Updated Today 11:30 AM ET
HAL at a glance — five pillars scored 0–100 from real filed financials.
Overall: Neutral · 45/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 56.8% over the last 12 months
Market Cap
$27.53B
P/E
17.48x
Forward P/E (est.)
22.9x
ROE
14.7%
Revenue Growth
-1.7%
EPS Growth
-23.7%
Profit Margin
7.0%
FCF Yield
10.8%
Debt / Equity
0.7x
ROIC
10.0%
Interest Coverage
—
Current Ratio
2.08x
Dividend Yield
1.8%
Implied Growth (rev. DCF)
2.8%
Rating Score
45/100
Halliburton (HAL) is a large-cap company in the Oil & Gas Equipment & Services industry, part of the Energy sector of the S&P 500, with a market value around $27.53B.
In its latest reported year it generated about $22.18B in revenue and $1.28B in net profit.
Our model rates HAL Neutral (45/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
The numbers don't show a durable competitive advantage — margins, growth, or returns on capital have been unstable or thin. Great returns are still possible; they just aren't protected.
14.9% average over the last 3 years
±17.9 pts around 2.5% across 10 years
grew in 5 of the last 9 year-over-year periods
positive in 9 of 10 years
10.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what HAL's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. HAL trades near $32.24, below its 50-day average ($39.18) and 200-day average ($32.75). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 11 it is oversold — selling has been heavy and a bounce is possible.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. HAL's is $1.08 (~3.3% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month HAL found buyers near $32.59 (support) and sellers near $41.46 (resistance); its 52-week range is $20.17–$43.59. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.7× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
9.7%
Revenue moved from $15.89B in 2016 to $22.18B in 2025, a 3.8% compound annual growth rate. The most recent year declined 1.7% year over year. Shrinking revenue is worth a closer look — is it cyclical or structural?
Gross Margin
15.7%
Operating Margin
10.2%
Net Margin
5.8%
ROE
14.7%
Halliburton keeps about 7.0% of each sales dollar as net profit, with a 15.7% gross margin and 10.2% operating margin. Return on equity is 14.7% and return on invested capital about 10.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$7.07B
Net Debt
$5.07B
Net Debt / EBITDA
2.24x
Debt / Equity
0.7x
Leverage: debt-to-equity is 0.7x, with a current ratio of 2.1x. That is a moderate, manageable debt load for most businesses. It carries roughly $7.07B of total debt against $2.00B of cash.
Operating CF
$2.93B
Free Cash Flow
$1.67B
FCF Margin
7.5%
In the latest year Halliburton produced about $2.93B of operating cash flow and $1.67B of free cash flow after capital spending. That is a free-cash-flow yield of about 10.8% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
1.8%
Per share (latest FY)
$0.68
Total paid (latest FY)
$579.00M
History on record
10 years
dividend uses 35% of free cash flow
45% of net income paid out
no current raise streak
payout was cut at least once in the last 10 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
17.48x
P/S
1.4x
P/B
1.97x
EV / EBITDA
—
HAL trades at 17.5x trailing earnings (about 22.9x on estimated forward earnings), 1.4x sales, and 2.0x book value. Reverse-engineering today's price implies the market expects roughly 2.8% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$24.80
Current price
$32.24
Starting FCF (latest 10-K)
$1.67B
Growth, years 1–5
-1.7%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where HAL sits versus its Energy sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 47 Energy companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How HAL stacks up against its Energy peers — valuation, profitability, and growth versus the sector median.
In the Energy sector (57 S&P 500 companies), HAL ranks #39 of 57 by our overall rating. It trades at roughly in line versus the sector on earnings (17.5x P/E vs. 19.4x median) with a higher return on equity (14.7% vs. 13.3%) and slower revenue growth (-1.7% vs. 0.7%).
P/E vs sector
17.5x
median 19.4x
ROE vs sector
14.7%
median 13.3%
Growth vs sector
-1.7%
median 0.7%
Sector rank
#39
of 57 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Energy companies by sub-industry and size. Sector median is across all 57 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $32.24 today · expected CAGR -11% – -1%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $22.85B | $23.54B | $24.24B | $24.97B | $25.72B |
| Net income | $1.37B | $1.41B | $1.45B | $1.50B | $1.54B |
| EPS | $1.61 | $1.65 | $1.70 | $1.75 | $1.81 |
| Share price (low) | $16.05 | $16.53 | $17.03 | $17.54 | $18.07 |
| Share price (high) | $27.29 | $28.11 | $28.95 | $29.82 | $30.71 |
| CAGR (low–high) | -50% / -15% | -28% / -7% | -19% / -4% | -14% / -2% | -11% / -1% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for HAL:
- Healthy free-cash-flow yield (~10.8%) funds buybacks and dividends.
- As an established S&P 500 member in Energy, it brings scale and a long operating history.
The case against HAL:
- Revenue growth is slow/negative (-1.7%), limiting the upside engine.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Growth risk — sluggish revenue (-1.7%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Halliburton is a large-cap energy business with shrinking revenue, with modest profitability, and a heavier debt load to watch. It trades at 17.5x earnings, which our model scores Neutral (45/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 34 Wall Street analysts covering HAL recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive over the last three months (+4 pts of buy ratings).
Latest SEC Filings
HAL's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
HAL — frequently asked questions
Is HAL a good stock to buy?
We don't give buy or sell advice. Our model rates Halliburton Neutral (45/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is HAL's rating on The Stocks School?
Halliburton currently scores 45/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does HAL's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Halliburton's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for HAL calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this HAL analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell HAL. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.