Halliburton (HAL) Gross Margin (2009 - 2026)
Halliburton (HAL) reported Gross Margin of 37.69% for Q1 2026, down 3920.0% year-over-year from 0.99% in Q1 2025, and down 50.88% quarter-over-quarter from 76.74% in Q4 2025.
Halliburton (HAL) Gross Margin (2009 - 2026) Analysis & Trends
Halliburton (HAL) has 18 years of Gross Margin data on file, last reported at 37.69% in Q1 2026.
- Gross Margin for Q1 2026 came in at 37.69%, down 3920.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 47.69% (down 2956.0% YoY), and the FY2025 annual result was 77.06%, down 39.0% from the prior year.
- Gross Margin slipped to 37.69% in Q1 2026 per HAL's latest filing, from 76.74% in the prior quarter.
- Over five years, Gross Margin peaked at 77.83% in Q2 2024 and troughed at 65.57% in Q4 2023.
- A 5-year average of 55.07% and a median of 76.74% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin plunged 14323 bps in 2023, then surged 14204 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 77.66% in 2022, then tumbled by 184 bps to 65.57% in 2023, then surged by 217 bps to 76.47% in 2024, then advanced by 0 bps to 76.74% in 2025, then sank by 51 bps to 37.69% in 2026.
- Business Quant data shows HAL's Gross Margin at 37.69% in Q1 2026, 76.74% in Q4 2025, and 37.8% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 53.57% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 22.98% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 37.69% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 59.67% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | - |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 5.80% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 76.04% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 66.20% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 64.46% |
| 10 | Liberty Energy | 4.61 Bn | 3.91 Bn | 177.37 Mn | 17.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.69% |
| Dec 31, 2025 | 76.74% |
| Sep 30, 2025 | 37.80% |
| Jun 30, 2025 | 37.73% |
| Mar 31, 2025 | 76.89% |
| Dec 31, 2024 | 76.47% |
| Sep 30, 2024 | 77.78% |
| Jun 30, 2024 | 77.83% |
| Mar 31, 2024 | 77.71% |
| Dec 31, 2023 | -65.57% |
| Sep 30, 2023 | 76.96% |
| Jun 30, 2023 | 77.30% |
| Mar 31, 2023 | 40.13% |
| Dec 31, 2022 | 77.66% |
| Sep 30, 2022 | 39.31% |
| Jun 30, 2022 | 77.02% |
| Mar 31, 2022 | 36.74% |
| Dec 31, 2021 | 183.10% |
| Sep 30, 2021 | 76.97% |
| Jun 30, 2021 | 36.07% |