Halliburton
HAL stock analysis · Energy · Oil & Gas Equipment & Services
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-04-17. Approximate; share and price dates can differ.
View share-count filing ↗DCF value
Equity cash-flow scenario · SEC outstanding shares at 2026-04-17 · -10.5% versus input cap
How this is calculated ↗Reverse DCF
Annual basis · read assumptions below
How this is calculated ↗Relative valuation
19 sector peers · median 20.4×
How this is calculated ↗Historical multiples
5 annual observations · snapshot P/E 22.1× · 8.1% versus history
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Normalized tax · financing-capital proxy
How this is calculated ↗Value composite
Annual basis · read assumptions below
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Annual basis · read assumptions below
How this is calculated ↗Accrual quality
Annual basis · read assumptions below
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | $38.13 | $41.60 | $45.34 |
| 10.0% | $27.94 | $30.40 | $33.04 |
| 12.0% | $22.04 | $23.92 | $25.93 |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-12-31 | 22.2B | 1.3B | 2.9B | 1.3B | 25B |
| 2024-12-31 | 22.9B | 2.5B | 3.9B | 1.4B | 25.6B |
| 2023-12-31 | 23B | 2.7B | 3.5B | 1.4B | 24.7B |
| 2022-12-31 | 20.3B | 1.6B | 2.2B | 1B | 23.3B |
| 2021-12-31 | 15.3B | 1.5B | 1.9B | 799M | 22.3B |
| 2020-12-31 | 14.4B | -2.9B | 1.9B | 728M | 20.7B |
| 2019-12-31 | 22.4B | -1.1B | 2.4B | 1.5B | 25.4B |
| 2018-12-31 | 24B | 1.7B | 3.2B | 2B | 26B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 22.2B | RevenueFromContractWithCustomerIncludingAssessedTax | 2026-02-06 |
| netIncome | 1.3B | ProfitLoss Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-02-06 |
| Parent/common earnings proxy | 1.3B | NetIncomeLoss | 2026-02-06 |
| cfo | 2.9B | NetCashProvidedByUsedInOperatingActivities | 2026-02-06 |
| capex | 1.3B | PaymentsToAcquireProductiveAssets | 2026-02-06 |
| operatingIncome | 2.3B | OperatingIncomeLoss | 2026-02-06 |
| assets | 25B | Assets | 2026-02-06 |
| equity | 10.5B | StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-02-06 |
| Parent book equity proxy | 10.5B | StockholdersEquity | 2026-02-06 |
| debt | 7.2B | LongTermDebt | 2026-02-06 |
| shortDebt | 0 | ShortTermBorrowings | 2026-02-06 |
| cash | 2.2B | CashAndCashEquivalentsAtCarryingValue | 2026-02-06 |
| shares | 853M | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-02-06 |
| dividends | 579M | PaymentsOfDividendsCommonStock | 2026-02-06 |
| buybacks | 1B | PaymentsForRepurchaseOfCommonStock | 2026-02-06 |
| issuance | 98M | Reviewed manual correction Bounded FY2025-12-31 consolidated financing-statement extraction. Proceeds from issuance of common stock: 98000000 USD [us-gaap:ProceedsFromStockOptionsExercised]. All 5 financing lines reconcile exactly to reported financing cash flow -1987000000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: the statement also aggregates other financing cash flows (net -110000000 USD). Their common-equity portion is not separately disclosed here. Issuance is the sum of separately reported common cash-issuance lines, not an independently verified gross total; additional equity flows may be inside those aggregates. | 2026-02-06 |