📊 HAL Key Takeaways
Is Halliburton Co (HAL) a Good Investment?
Halliburton demonstrates financial stability with solid liquidity (2.08x current ratio) and manageable leverage, but declining revenues (-3.3% YoY) combined with weak capital efficiency (4.3% ROE) and minimal free cash flow generation (1.5% FCF margin) signal structural challenges. The company's ability to invest, deleverage, or return capital is severely constrained despite positive operating metrics, presenting limited upside opportunity.
Halliburton demonstrates solid fundamentals with strong liquidity, moderate leverage, excellent interest coverage, and healthy free cash flow generation. However, slight declines in revenue and net income highlight cyclical softness, tempering near-term growth visibility despite stable margins.
Why Buy Halliburton Co Stock? HAL Key Strengths
- Strong liquidity position with 2.08x current ratio and 1.54x quick ratio
- Solid interest coverage ratio of 9.6x demonstrates comfortable debt servicing capacity
- Moderate leverage at 0.66x debt-to-equity with manageable 7.1B long-term debt
- Reasonable 12.6% operating margin for oil and gas field services sector
- Strong liquidity (current 2.04x, quick 1.51x)
- Moderate leverage with excellent interest coverage (31.8x)
- Consistent free cash flow with 7.5% FCF margin and solid cash conversion
HAL Stock Risks: Halliburton Co Investment Risks
- Revenue declining 3.3% YoY with weak growth trajectory in cyclical industry
- Critically low returns on capital: 4.3% ROE and 1.8% ROA indicate poor capital efficiency
- Free cash flow only 81M on 5.4B revenue (1.5% FCF margin) limits financial flexibility and deleveraging capacity
- High long-term debt burden relative to weak cash generation capability
- Operating cash flow of only 273M insufficient to fund both capex and debt reduction
- Revenue contraction (-3.3% YoY) signals demand softness
- Cyclical sector exposure may pressure margins and utilization
- FCF sensitivity to capex and working capital swings
Key Metrics to Watch
- Operating cash flow trend and free cash flow generation sustainability
- Revenue growth stabilization or return to positive trajectory
- Return on equity and return on assets improvement
- Debt reduction progress and leverage ratio movement
- Revenue growth (YoY)
- FCF margin
Halliburton Co (HAL) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 1.5% FCF margin may limit capital allocation flexibility. Strong liquidity with a 2.08x current ratio provides a solid financial cushion.
HAL Profit Margin, ROE & Profitability Analysis
HAL vs Energy Sector: How Halliburton Co Compares
How Halliburton Co compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Halliburton Co Stock Overvalued? HAL Valuation Analysis 2026
Based on fundamental analysis, Halliburton Co has mixed fundamental signals relative to the Energy sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Halliburton Co Balance Sheet: HAL Debt, Cash & Liquidity
HAL Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Halliburton Co's revenue has shown modest growth of 3% over the 5-year period. The most recent EPS of $2.92 reflects profitable operations.
HAL Revenue Growth, EPS Growth & YoY Performance
HAL Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $5.4B | $204.0M | $0.24 |
| Q3 2025 | $5.6B | $18.0M | $0.02 |
| Q2 2025 | $5.5B | $472.0M | $0.55 |
| Q1 2025 | $5.4B | $204.0M | $0.24 |
| Q3 2024 | $5.7B | $571.0M | $650,000.00 |
| Q2 2024 | $5.8B | $610.0M | $680,000.00 |
| Q1 2024 | $5.7B | $606.0M | $680,000.00 |
| Q3 2023 | $5.4B | $544.0M | $600,000.00 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Halliburton Co Dividends, Buybacks & Capital Allocation
HAL SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Halliburton Co (CIK: 0000045012)
📋 Recent SEC Filings
❓ Frequently Asked Questions about HAL
What is the AI rating for HAL?
Halliburton Co (HAL) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are HAL's key strengths?
Claude: Strong liquidity position with 2.08x current ratio and 1.54x quick ratio. Solid interest coverage ratio of 9.6x demonstrates comfortable debt servicing capacity. ChatGPT: Strong liquidity (current 2.04x, quick 1.51x). Moderate leverage with excellent interest coverage (31.8x).
What are the risks of investing in HAL?
Claude: Revenue declining 3.3% YoY with weak growth trajectory in cyclical industry. Critically low returns on capital: 4.3% ROE and 1.8% ROA indicate poor capital efficiency. ChatGPT: Revenue contraction (-3.3% YoY) signals demand softness. Cyclical sector exposure may pressure margins and utilization.
What is HAL's revenue and growth?
Halliburton Co reported revenue of $5.4B.
Does HAL pay dividends?
Halliburton Co pays dividends, with $142.0M distributed to shareholders in the trailing twelve months.
Where can I find HAL SEC filings?
Official SEC filings for Halliburton Co (CIK: 0000045012) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is HAL's EPS?
Halliburton Co has a diluted EPS of $0.55.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is HAL a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Halliburton Co has a HOLD rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is HAL stock overvalued or undervalued?
Valuation metrics for HAL: ROE of 4.3% (sector avg: 14%), net margin of 8.5% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy HAL stock in 2026?
Our dual AI analysis gives Halliburton Co a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is HAL's free cash flow?
Halliburton Co's operating cash flow is $273.0M, with capital expenditures of $192.0M. FCF margin is 1.5%.
How does HAL compare to other Energy stocks?
Vs Energy sector averages: Net margin 8.5% (avg: 12%), ROE 4.3% (avg: 14%), current ratio 2.08 (avg: 1.3).