Last 48 quarters of trend data · Energy · Oil & Gas Equipment & Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Halliburton Company's quarterly P/E stands at 17.7x, down 32.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 40.7% YoY to 14.3x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 23.29 | 17.72 | 10.09 | 290.09 | 9.26 | 26.43 | 9.71 | 11.17 | 10.56 | 14.49 | 12.21 | 12.82 | 12.13 |
| — | -32.9% | +3.9% | +2496.4% | -12.2% | +82.3% | -20.5% | -12.8% | -13.0% | +31.9% | -10.6% | +24.9% | -81.4% | |
| P/S Ratio | 1.31 | 1.51 | 1.05 | 0.93 | 0.80 | 1.01 | 1.07 | 1.12 | 1.28 | 1.51 | 1.41 | 1.57 | 1.28 |
| — | +49.3% | -1.9% | -16.9% | -37.9% | -33.0% | -24.3% | -28.6% | -0.1% | +19.7% | -11.9% | +50.5% | -8.5% | |
| P/B Ratio | 2.79 | 3.01 | 2.25 | 2.04 | 1.67 | 2.11 | 2.28 | 2.47 | 2.98 | 3.63 | 3.44 | 3.98 | 3.41 |
| — | +42.6% | -1.1% | -17.5% | -44.1% | -41.8% | -33.8% | -37.8% | -12.7% | +6.8% | -23.4% | +35.7% | -14.4% | |
| P/FCF | 17.45 | 100.96 | 7.17 | 23.03 | 8.10 | 73.23 | 5.83 | 12.75 | 10.19 | 55.93 | 8.02 | 19.64 | 9.94 |
| — | +37.9% | +23.0% | +80.7% | -20.5% | +30.9% | -27.3% | -35.1% | +2.5% | — | -27.2% | +76.0% | -78.4% | |
| EV / EBITDA | 10.34 | 14.28 | 7.16 | 10.71 | 5.96 | 10.15 | 6.21 | 7.04 | 7.01 | 8.40 | 7.41 | 8.39 | 7.32 |
| — | +40.7% | +15.2% | +52.2% | -15.0% | +20.8% | -16.2% | -16.1% | -4.2% | +14.4% | -15.2% | +23.4% | -50.0% | |
| EV / EBIT | 15.53 | 14.28 | 8.80 | 9.53 | 8.28 | 10.34 | 8.05 | 8.23 | 8.85 | 10.64 | 9.21 | 10.46 | 9.09 |
| — | +38.1% | +9.4% | +15.8% | -6.4% | -2.9% | -12.6% | -21.3% | -2.7% | +16.2% | -21.3% | +20.5% | -62.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Halliburton Company's operating margin was 12.6% in Q1 2026, down 0.6 pp QoQ and up 4.6 pp YoY. The trailing four-quarter average of 11.3% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 9.9% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.7% | 14.6% | 16.4% | 15.3% | 14.9% | 16.2% | 18.3% | 18.8% | 19.3% | 18.6% | 19.7% | 19.3% | 18.6% |
| — | -9.9% | -10.1% | -18.6% | -22.8% | -13.0% | -7.4% | -2.5% | +3.5% | +2.7% | +13.8% | +14.0% | +20.2% | |
| Operating Margin | 10.2% | 12.6% | 13.2% | 6.4% | 13.2% | 8.0% | 16.6% | 15.3% | 17.7% | 17.0% | 18.4% | 17.9% | 17.4% |
| — | +58.0% | -20.6% | -58.4% | -25.4% | -53.2% | -9.9% | -14.4% | +1.5% | -1.2% | +5.4% | +13.1% | +136.6% | |
| Net Margin | 5.8% | 8.5% | 10.4% | 0.3% | 8.6% | 3.8% | 11.0% | 10.0% | 12.2% | 10.4% | 11.5% | 12.3% | 10.5% |
| — | +126.6% | -5.0% | -96.8% | -29.5% | -63.9% | -4.8% | -18.8% | +15.5% | -8.9% | -2.0% | +21.5% | +389.8% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.2% | 4.3% | 5.7% | 0.2% | 4.5% | 1.9% | 5.9% | 5.6% | 7.2% | 6.3% | 7.1% | 8.0% | 7.1% |
| — | +121.1% | -3.7% | -96.9% | -37.3% | -69.3% | -17.1% | -30.0% | +1.2% | -20.0% | -15.5% | +8.7% | +362.1% | |
| ROA | 5.1% | 1.8% | 2.3% | 0.1% | 1.9% | 0.8% | 2.4% | 2.3% | 2.8% | 2.5% | 2.7% | 3.0% | 2.6% |
| — | +128.7% | -2.8% | -96.9% | -34.4% | -67.3% | -10.2% | -23.4% | +11.3% | -11.6% | -6.0% | +22.1% | +422.4% | |
| ROIC | 10.2% | 3.0% | 3.4% | 1.6% | 3.2% | 1.9% | 4.2% | 3.9% | 4.7% | 4.5% | 5.0% | 4.9% | 4.9% |
| — | +58.9% | -19.6% | -59.6% | -31.7% | -57.8% | -15.5% | -20.4% | -4.0% | -6.6% | -1.2% | +12.3% | +150.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Halliburton Company's Debt/EBITDA ratio is 11.9x, up from 7.9x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 5.2% YoY to 2.08x, strengthening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.77 | 0.74 | 0.77 | 0.84 | 0.81 | 0.82 | 0.82 | 0.84 | 0.87 | 0.91 | 0.93 | 0.97 | 1.04 |
| — | -9.7% | -5.5% | -0.5% | -6.6% | -9.2% | -12.7% | -13.3% | -16.5% | -14.5% | -16.7% | -17.3% | -22.1% | |
| Debt / EBITDA | 2.39 | 11.90 | 7.85 | 13.37 | 8.47 | 12.11 | 7.13 | 7.62 | 6.70 | 7.03 | 6.70 | 6.88 | 7.23 |
| — | -1.7% | +10.2% | +75.4% | +26.4% | +72.3% | +6.3% | +10.7% | -7.3% | -4.5% | -9.1% | -17.0% | -53.6% | |
| Current Ratio | 2.04 | 2.08 | 2.04 | 1.95 | 2.00 | 1.98 | 2.05 | 2.21 | 2.13 | 2.12 | 2.06 | 2.14 | 2.14 |
| — | +5.2% | -0.3% | -11.4% | -6.2% | -6.8% | -0.6% | +3.0% | -0.5% | -0.6% | +0.5% | +2.1% | -0.6% | |
| Quick Ratio | 1.51 | 1.54 | 1.51 | 1.43 | 1.47 | 1.46 | 1.54 | 1.62 | 1.54 | 1.52 | 1.48 | 1.53 | 1.53 |
| — | +5.5% | -2.4% | -11.5% | -4.5% | -4.0% | +4.1% | +6.3% | +0.5% | -1.5% | -1.3% | +0.1% | -3.9% | |
| Interest Coverage | 8.48 | 8.28 | 42.15 | 6.49 | 6.61 | 6.26 | 8.55 | 8.63 | 9.05 | 8.66 | 3.37 | 8.79 | 8.43 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying HAL stock.
Halliburton Company's current P/E is 23.3x. The average P/E over the last 4 quarters is 81.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Halliburton Company's current operating margin is 10.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Halliburton Company's business trajectory between earnings reports.