Halliburton Company (HAL) Revenue History
Annual and quarterly revenue from 1989 to present
HAL Revenue Over Time (1989–2025)
HAL Revenue Growth History
21 of 36 years with positive growth- FY1989 revenue growth
- N/A
- FY1990 revenue growth
- +22.3%
- FY1991 revenue growth
- +1.3%
- FY1992 revenue growth
- -7.0%
- FY1993 revenue growth
- -2.7%
- FY1994 revenue growth
- -9.6%
- FY1995 revenue growth
- +2.5%
- FY1996 revenue growth
- +137.1%
- FY1997 revenue growth
- +16.7%
- FY1998 revenue growth
- -10.9%
- FY1999 revenue growth
- -15.1%
- FY2000 revenue growth
- -3.0%
- FY2001 revenue growth
- +9.2%
- FY2002 revenue growth
- -3.6%
- FY2003 revenue growth
- +29.4%
- FY2004 revenue growth
- +22.2%
- FY2005 revenue growth
- -49.2%
- FY2006 revenue growth
- +28.3%
- FY2007 revenue growth
- +17.8%
- FY2008 revenue growth
- +19.8%
- FY2009 revenue growth
- -19.7%
- FY2010 revenue growth
- +22.5%
- FY2011 revenue growth
- +38.1%
- FY2012 revenue growth
- +14.8%
- FY2013 revenue growth
- +3.2%
- FY2014 revenue growth
- +11.8%
- FY2015 revenue growth
- -28.1%
- FY2016 revenue growth
- -32.8%
- FY2017 revenue growth
- +29.8%
- FY2018 revenue growth
- +16.4%
- FY2019 revenue growth
- -6.6%
- FY2020 revenue growth
- -35.5%
- FY2021 revenue growth
- +5.9%
- FY2022 revenue growth
- +32.7%
- FY2023 revenue growth
- +13.4%
- FY2024 revenue growth
- -0.3%
- FY2025 revenue growth
- -3.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $5.40B | -0.3% |
| Q4 2025 | $5.66B | +0.8% |
| Q3 2025 | $5.60B | -1.7% |
| Q2 2025 | $5.51B | -5.5% |
| Q1 2025 | $5.42B | -6.7% |
| Q4 2024 | $5.61B | -2.2% |
| Q3 2024 | $5.70B | -1.8% |
| Q2 2024 | $5.83B | +0.6% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
HAL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
HAL Revenue Analysis (1989–2025)
Current Revenue & Growth
As of June 23, 2026, Halliburton Company (HAL) generated trailing twelve-month (TTM) revenue of $22.17 billion, reflecting slight decline in growth of -0.3% year-over-year. The most recent quarter (Q1 2026) recorded $5.40 billion in revenue, down 4.5% sequentially.
Historical Growth Trajectory
HAL's 5-year compound annual growth rate (CAGR) stands at +9.0%, indicating steady revenue expansion. The 3-year CAGR of +3.0% is below the 5-year average, signalling a growth deceleration in recent years. Halliburton Company's highest annual revenue of $32.87 billion was recorded in 2014.
Revenue by Segment
HAL's revenue is primarily driven by Completion And Production (58%), and Drilling And Evaluation (42%). With over half of revenue concentrated in Completion And Production, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Energy sector peers — including SLB (-1.6% YoY), BKR (+0.2% YoY), and WFRD (-8.8% YoY) — HAL has underperformed the peer group in revenue growth. Compare HAL vs SLB →
HAL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HALCurrent | $22.2B | -0.3% | +9.0% | 10.2% | |
 SLB | $35.7B | -1.6% | +8.6% | 15.3% | |
 BKR | $27.7B | +0.2% | +6.0% | 12.8% | |
 WFRD | $4.9B | -8.8% | +5.9% | 15.4% | |
 RES | $1.6B | +27.6% | +22.1% | 3.5% | |
 NCSM | $185M | +6.5% | +11.5% | 6.4% |
HAL Historical Revenue Data (1989–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $22.18B | -3.3% | $3.48B | 15.7% | $2.26B | 10.2% |
| 2024 | $22.94B | -0.3% | $4.30B | 18.7% | $3.82B | 16.7% |
| 2023 | $23.02B | +13.4% | $4.36B | 18.9% | $4.08B | 17.7% |
| 2022 | $20.30B | +32.7% | $3.24B | 16.0% | $2.71B | 13.3% |
| 2021 | $15.29B | +5.9% | $2.02B | 13.2% | $1.80B | 11.8% |
| 2020 | $14.45B | -35.5% | $1.04B | 7.2% | $-2,436,000,000 | -16.9% |
| 2019 | $22.41B | -6.6% | $2.29B | 10.2% | $-448,000,000 | -2.0% |
| 2018 | $24.00B | +16.4% | $2.99B | 12.4% | $2.47B | 10.3% |
| 2017 | $20.62B | +29.8% | $2.28B | 11.0% | $1.37B | 6.7% |
| 2016 | $15.89B | -32.8% | $870.0M | 5.5% | $-6,770,000,000 | -42.6% |
| 2015 | $23.63B | -28.1% | $2.52B | 10.7% | $-165,000,000 | -0.7% |
| 2014 | $32.87B | +11.8% | $5.54B | 16.8% | $5.10B | 15.5% |
| 2013 | $29.40B | +3.2% | $4.47B | 15.2% | $4.14B | 14.1% |
| 2012 | $28.50B | +14.8% | $4.73B | 16.6% | $4.46B | 15.6% |
| 2011 | $24.83B | +38.1% | $5.02B | 20.2% | $4.74B | 19.1% |
Full Stock Analysis
Deep dive into HAL consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
37+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
HAL — Frequently Asked Questions
Quick answers to the most common questions about buying HAL stock.
Is HAL's revenue growth accelerating or slowing?
HAL revenue growth is slowing. TTM revenue is $22.2B, up -0.3% year-over-year — below the 5-year CAGR of +9.0%. The deceleration suggests maturing end-markets or increased competition.
What is HAL's revenue history from 1989 to 2026?
Halliburton Company (HAL) revenue history spans 1989 to 2026. TTM revenue as of 2026 is $22.2B, growing at -0.3% YoY. The 5-year CAGR is +9.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is HAL's long-term revenue growth rate (CAGR)?
Halliburton Company's 5-year revenue CAGR of +9.0% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -0.3% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for HAL.
Why does HAL's quarterly revenue fluctuate?
HAL quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Halliburton Company's revenue data from 1989 to 2026 shows full historical quarterly detail on this page.
How is HAL's revenue distributed by segment?
HAL reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does HAL's revenue compare to industry peers?
Halliburton Company (HAL) with TTM revenue of $22.2B and -0.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.