Halliburton (HAL) FCF Margin (2009 - 2026)
Halliburton's (HAL) quarterly FCF Margin came in at 10.31% in Q2 2026, up 47.0% year-over-year from 7.01% in Q2 2025, and up 587.46% quarter-over-quarter from 1.5% in Q1 2026.
Analysis
Halliburton (HAL) FCF Margin (2009 - 2026) Analysis & Trends
Halliburton (HAL) has reported FCF Margin for 18 consecutive years, with 10.31% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 47.0% year-over-year to 10.31% in Q2 2026; TTM through Jun 2026 was 7.71%, a 196.0% decrease from a year earlier, with the FY2025 full-year figure at 7.54%, down 302.0% from the prior year.
- FCF Margin was 10.31% for Q2 2026 at Halliburton, up from 1.5% in the prior quarter.
- Over five years, FCF Margin peaked at 18.36% in Q4 2024 and troughed at 5.58% in Q1 2022.
- A 5-year average of 7.86% and a median of 9.09% in 2022 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin slumped 845 bps in 2022 and jumped 986 bps in 2023, its largest moves.
- Over 5 years, FCF Margin stood at 14.56% in 2022, then advanced by 21 bps to 17.62% in 2023, then increased by 4 bps to 18.36% in 2024, then decreased by 20 bps to 14.64% in 2025, then decreased by 30 bps to 10.31% in 2026.
- The last three FCF Margin figures came in at 10.31% (Q2 2026), 1.5% (Q1 2026), and 14.64% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.35 Bn | 82.46 Bn | 4.63 Bn | 10.03% |
| 2 | Baker Hughes | 63.03 Bn | 47.48 Bn | 1.58 Bn | 15.50% |
| 3 | Halliburton | 30.89 Bn | 28.89 Bn | 2.10 Bn | 10.31% |
| 4 | Weatherford International | 6.88 Bn | 5.75 Bn | 662.00 Mn | 12.04% |
| 5 | Kodiak Gas Services | 6.31 Bn | 6.18 Bn | 246.76 Mn | -25.76% |
| 6 | Tidewater | 4.69 Bn | 4.07 Bn | 161.54 Mn | 15.23% |
| 7 | USA Compression Partners | 3.95 Bn | 3.94 Bn | 217.36 Mn | 37.32% |
| 8 | National Energy Services Reunited | 3.50 Bn | 3.32 Bn | 81.29 Mn | 19.19% |
| 9 | Liberty Energy | 3.36 Bn | 2.80 Bn | 208.34 Mn | -7.64% |
| 10 | Select Water Solutions | 2.55 Bn | 2.61 Bn | 76.84 Mn | 3.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.31% |
| Mar 31, 2026 | 1.50% |
| Dec 31, 2025 | 14.64% |
| Sep 30, 2025 | 4.05% |
| Jun 30, 2025 | 9.84% |
| Mar 31, 2025 | 1.38% |
| Dec 31, 2024 | 18.36% |
| Sep 30, 2024 | 8.81% |
| Jun 30, 2024 | 12.58% |
| Mar 31, 2024 | 2.71% |
| Dec 31, 2023 | 17.62% |
| Sep 30, 2023 | 8.01% |
| Jun 30, 2023 | 12.92% |
| Mar 31, 2023 | -2.57% |
| Dec 31, 2022 | 14.56% |
| Sep 30, 2022 | 9.37% |
| Jun 30, 2022 | 3.05% |
| Mar 31, 2022 | -5.58% |
| Dec 31, 2021 | 8.56% |
| Sep 30, 2021 | 11.11% |