Halliburton Co (HAL)
Fair ValueFundamental
63
Price
$31.77
Market Cap
$27.09B
Part 1 · What the company is worth
Overview
Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger systems, sand control systems, multilateral systems, and service tools. This segment also provides electrical submersible pumps, as well as artificial lift services; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning; and specialty chemicals and services. The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; drilling systems and services; wireline and perforating services consisting of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. This segment also provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
Baker Hughes competes head-on in drilling services, well construction, artificial lift and pressure pumping, selling to the same exploration and production operators in North America and the Middle East.
Weatherford offers the same portfolio of well completion, intervention, production and drilling services and bids on the same international tenders, especially in the Middle East and Latin America.
SLB is the other full-line oilfield services major, bidding against Halliburton for the same drilling, evaluation and well-completion contracts from the same national and international oil companies worldwide.
Liberty is a pure-play North American pressure pumping and hydraulic fracturing provider, competing directly with Halliburton's largest business line for US shale operators' frac work.
ProPetro sells hydraulic fracturing, wireline and cementing services to Permian Basin operators, the same customers and the same service lines Halliburton serves in that basin.
Calfrac provides fracturing, coiled tubing and cementing services in Canada, the United States and Argentina, overlapping with Halliburton's completion work in those same basins.
Balance Sheet & Liquidity
Revenue
$22.37B
Trailing 12 months (through 6/30/2026)
Net Income
$1.60B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$1.67B
Total Equity
$10.46B
Total Liabilities
$14.51B
Current Ratio
2.02
Interest Coverage
-
Debt/EBITDA
2.41
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$37.28
Current Price
$31.77
Margin of Safety
+14.8%
Fair Value Range
$29.63 - $44.93
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
16.74
ROE
12.3%
P/B Ratio
2.41
P/FCF
15.36
Gross Margin
-
ROIC
10.1%
Profitability Radar
Value Creation (Economic Moat)
ROIC
10.1%
WACC
6.8%
ROIC − WACC
+3.3 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (16)
- ROIC 10.1%
- P/FCF 15.36
- P/B Ratio 2.41
- Debt/Equity ratio
- Operating Margin 11.4%
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Return on Tangible Assets
- ROE 15.1%
- Revenue Growth 5Y 9.0%
- Analyst Consensus 76% Buy
- Earnings Surprise avg 12.6%
- Earnings Quality (OCF/NI) 1.72
- Share Dilution -3.2%
- Piotroski F-Score 5/9
Failed (8)
- EPS shows upward trend
- EPS CAGR -4.82%
- Price CAGR -4.03%
- CapEx intensity
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Net Margin Trend 7.2% vs 8.4%
Unavailable (4)
- Gross Margin NaN%
- Dividend Payout NaN%
- Interest Coverage
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Jeffrey Allen Miller CPA | Chairman of the Board, President & CEO | 61 |
| Mr. Eric J. Carre | Executive VP & CFO | 58 |
| Mr. Jeffrey Shannon Slocum | Executive VP, COO & Director | 52 |
| Mr. Van H. Beckwith J.D. | Executive VP, Secretary & Chief Legal Officer | 59 |
| Ms. Stephanie S. Holzhauser | Senior VP & Chief Accounting Officer | 45 |
| Mr. Lawrence J. Pope | Executive VP & Chief Administrative Officer | 57 |
| Mr. David Coleman | Senior Director of Investor Relations | - |
| Jill D. Sharp | Senior Vice President of Internal Assurance Services | 54 |
| Ms. Summer Condarco | Senior VP and Chief Health, Safety & Environment (HSE) Officer | - |
| Mr. Josh Sears | Senior VP Halliburton Drilling & Evaluation Division | - |
Audit Risk
9
Board Risk
6
Compensation Risk
1
Shareholder Rights Risk
2
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-06
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-24
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-09-16
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for HAL, sourced from Markets Gazette.
- 4/21/2026POSITIVEHalliburton Says North America Is Recovering, Middle East Risk Manageable
Halliburton Company's stock experienced a notable increase following the release of its latest earnings report, which surpassed analyst expectations. The company announced strong profit growth, indicating robust operational performance. Notably, Halliburton highlighted an early recovery in its North American operations, a key market, while also managing risks effectively in the Middle East. This dual positive outlook suggests resilience and strategic adaptability, potentially leading to upward revisions in future earnings forecasts and increased investor confidence.
- 4/21/2026NEUTRALHalliburton Q1 2026 Earnings Call: Complete Transcript
Halliburton Company is scheduled to hold its Q1 2026 Earnings Call on April 21, 2026, at 2:21 PM UTC. The announcement of the earnings call itself, without any preliminary results or forward-looking statements, provides no immediate information regarding the company's financial performance or future prospects. Investors will await the actual earnings report and the subsequent call for details on revenue, profitability, and management's outlook. The date and time are informational, allowing stakeholders to prepare for the upcoming discussion.
- 4/1/2026POSITIVEHalliburton Buys Sekal To Turbocharge Drilling Automation
Halliburton Company has announced its acquisition of Sekal AS, a move poised to significantly enhance its capabilities in drilling automation. This strategic acquisition is expected to bolster Halliburton's position in optimizing well construction processes and improving safety standards within the oilfield services sector. The integration of Sekal's technology is anticipated to drive operational efficiencies and innovation, potentially leading to increased market share and profitability for Halliburton. Investors will be watching for the immediate impact on operational performance and the long-term competitive advantages this consolidation may bring.
- 2/27/2026POSITIVEVenezuela Nixed Sale of Halliburton’s Assets at US Request
Venezuela has canceled an auction for the sale of assets previously seized from Halliburton Co., a significant move following direct intervention from the Trump administration. This decision is viewed as an effort to pave the way for the return of U.S. oil companies to the South American country. For Halliburton investors, the news is clearly positive, as it suggests a potential reversal regarding asset losses and opens up the possibility of future resumption of operations in a key market. The U.S. diplomatic intervention underscores the strategic importance of Venezuela's energy sector and the commitment to protecting its companies' interests, providing a confidence boost for HAL stock.
- 2/23/2026NEUTRALPeering Into Halliburton Co's Recent Short Interest
Investor attention is turning to Halliburton Co, with a focus on its recent short interest. This metric, which measures the number of shares sold short and not yet covered, is a crucial barometer of market sentiment. A significant increase could indicate growing pessimism among traders, who are betting on a future decline in the stock price. Conversely, a decrease in short interest can signal renewed confidence or the closing of bearish positions, potentially triggering a rally. In the absence of specific figures on the trend of this metric, the market remains in an observation phase. Analysts are awaiting more concrete data to correctly interpret investor expectations for the oilfield services giant and to anticipate potential shifts in volatility.
- 2/23/2026POSITIVEHalliburton Lands Major Indonesia Deal To Revive Aging Oil Fields
Halliburton has secured a major contract in Indonesia, entering into a strategic partnership with the state-owned energy company Pertamina. The agreement aims to revitalize the country's aging oil fields to enhance the national energy supply. Halliburton will provide its advanced technologies and established global expertise in the oilfield services sector. For investors, this news is decidedly positive: the contract not only secures a significant new revenue stream for Halliburton but also strengthens its strategic presence in the key Southeast Asian market. The deal confirms the company's technological leadership and its ability to win high-profile commissions, supporting growth prospects and the stock's valuation.
via Markets Gazette