Halliburton (HAL) Gross Margin (2009 - 2026)
Halliburton's (HAL) quarterly Gross Margin came in at 36.8% in Q2 2026, down 93.0% year-over-year from 525.78% in Q2 2025, and down 2.35% quarter-over-quarter from 37.69% in Q1 2026.
Analysis
Halliburton (HAL) Gross Margin (2009 - 2026) Analysis & Trends
Halliburton (HAL) has reported Gross Margin for 18 consecutive years, with 36.8% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 93.0% year-over-year to 36.8% in Q2 2026; TTM through Jun 2026 was 38.0%, a 199.0% decrease from a year earlier, with the FY2025 full-year figure at 38.64%, down 265.0% from the prior year.
- Gross Margin was 36.8% for Q2 2026 at Halliburton, down from 37.69% in the prior quarter.
- Over five years, Gross Margin peaked at 43.37% in Q4 2023 and troughed at 36.74% in Q1 2022.
- A 5-year average of 39.82% and a median of 39.91% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin surged 339 bps in 2023 and slumped 369 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 40.94% in 2022, then climbed by 6 bps to 43.37% in 2023, then dropped by 4 bps to 41.82% in 2024, then decreased by 5 bps to 39.7% in 2025, then fell by 7 bps to 36.8% in 2026.
- The last three Gross Margin figures came in at 36.8% (Q2 2026), 37.69% (Q1 2026), and 39.7% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.97 Bn | 78.90 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 58.79 Bn | 43.06 Bn | 1.58 Bn | 23.46% |
| 3 | Halliburton | 30.10 Bn | 28.05 Bn | 2.10 Bn | 36.80% |
| 4 | Weatherford International | 6.44 Bn | 5.30 Bn | 662.00 Mn | 59.91% |
| 5 | Kodiak Gas Services | 6.10 Bn | 5.96 Bn | 246.76 Mn | 63.09% |
| 6 | Tidewater | 4.58 Bn | 3.96 Bn | 161.54 Mn | 47.19% |
| 7 | USA Compression Partners | 4.02 Bn | 4.01 Bn | 217.36 Mn | 63.53% |
| 8 | Liberty Energy | 3.45 Bn | 2.90 Bn | 208.34 Mn | 17.53% |
| 9 | National Energy Services Reunited | 3.39 Bn | 3.21 Bn | 81.29 Mn | 15.61% |
| 10 | Select Water Solutions | 2.81 Bn | 2.77 Bn | 76.84 Mn | 19.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.80% |
| Mar 31, 2026 | 37.69% |
| Dec 31, 2025 | 39.70% |
| Sep 30, 2025 | 37.80% |
| Jun 30, 2025 | 37.73% |
| Mar 31, 2025 | 39.34% |
| Dec 31, 2024 | 41.82% |
| Sep 30, 2024 | 41.00% |
| Jun 30, 2024 | 41.42% |
| Mar 31, 2024 | 40.94% |
| Dec 31, 2023 | 43.37% |
| Sep 30, 2023 | 42.30% |
| Jun 30, 2023 | 41.29% |
| Mar 31, 2023 | 40.13% |
| Dec 31, 2022 | 40.94% |
| Sep 30, 2022 | 39.31% |
| Jun 30, 2022 | 38.45% |
| Mar 31, 2022 | 36.74% |
| Dec 31, 2021 | 37.88% |
| Sep 30, 2021 | 36.09% |