Halliburton Company (HAL) AI Stock Analysis

Halliburton Company provides specialized products and services to the energy industry through two segments: Completion and Production, and Drilling and Evaluation. The Completion and Production segment delivers stimulation, cementing, well completion tools, coiled tubing, hydraulic workover units, artificial lift services, and pipeline and process services. The Drilling and Evaluation segment provides drilling systems, fluids, wireline and perforating services for reservoir evaluation, drill bits, and downhole tools. Halliburton also utilizes cloud-based digital services and artificial intelligence for subsurface insights and well construction, alongside specialized testing, subsea services, and integrated asset management.

Annual revenue grew from $15.29B in FY2021 to $20.30B in FY2022 and $23.02B in FY2023, before slightly retreating to $22.94B in FY2024 and $22.18B in FY2025. This reflects a 5-year revenue CAGR of 9.0% from FY2020 to FY2025. Net income fell from $2.50B in FY2024 to $1.28B in FY2025, bringing net margin down from 10.9% to 5.8%, while operating margin contracted from 16.7% to 10.2%. Free cash flow reached $1.67B in FY2025 on operating cash flow of $2.93B. In the latest quarter ended June 30, 2026, quarterly revenue growth was 3.7% year-over-year, and quarterly earnings growth reached 16.1% year-over-year.

As of June 30, 2026, Halliburton held $2.05B in cash and short-term investments against total debt of $8.20B, resulting in net debt of $6.15B. Shareholders' equity stood at $11.01B with total assets of $25.83B, yielding a debt-to-equity ratio of 0.74 and a current ratio of 2.02. In FY2025, the company allocated $1.25B to capital expenditures. It also distributed $579.0M in dividends and directed $1.01B toward share buybacks, helping reduce its share count by 6.5% over 5 years.

At a last close of $33.50 on October 16, 2026, Halliburton trades at a trailing P/E of 17.6x and a forward P/E of 11.4x, below the median of its S&P 500 Energy peers at 18.2x trailing and 14.3x forward. Its enterprise value of $33.65B reflects an EV to EBITDA multiple of 6.8x, compared to 8.4x for the peer median, and price to sales of 1.2x versus the peer median of 2.4x. Over the past year, the stock returned 56.6%, outperforming the 16.8% return of the S&P 500. Over 5 years, HAL returned 42.0% compared to 83.0% for the S&P 500.

Halliburton pays an annual forward dividend of $0.68 per share, delivering a dividend yield of 2.03% with a payout ratio of 28.7%. Dividends are distributed quarterly, and the company has paid dividends for 55 consecutive years. Over the last 5 years, the dividend grew at an annualized rate of 16.6%, with the last ex-dividend date on September 2, 2026.

Wall Street analysts issue 15 Strong Buy, 6 Buy, 6 Hold, and 1 Sell ratings on Halliburton. The mean price target is $43.40, representing an upside of 29.6% from the last close of $33.50. For the fiscal year ending December 31, 2026, analysts estimate EPS of $2.34 and revenue of $22.35B. For the next fiscal year, 25 analysts project EPS of $2.90 and revenue of $23.58B. Halliburton beat EPS estimates in each of the last 4 quarters, with its next earnings date set for October 20, 2026.

This page is an AI-written research summary of Halliburton Company (HAL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: HAL income statement, HAL balance sheet, HAL key metrics, HAL analyst forecast, HAL chart. See the HAL stock overview for the latest quote and news.