Halliburton (HAL) Gross Margin (2009 - 2026)
Halliburton (HAL) posted quarterly Gross Margin of 36.8% for 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.
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.
- In Q2 2026, Gross Margin fell 93.0% year-over-year to 36.8%; the TTM figure through Jun 2026 stood at 38.0% (down 199.0% YoY), while the FY2025 annual figure was 38.64%, down 265.0% from the prior year.
- Gross Margin slipped to 36.8% in Q2 2026 per HAL's latest filing, from 37.69% in the prior quarter.
- Across five years, Gross Margin topped out at 43.37% in Q4 2023 and bottomed at 36.74% in Q1 2022.
- Historically, Gross Margin has averaged 39.82% across 5 years, with a median of 39.91% in 2023.
- Annual changes were most pronounced in 2023 — Gross Margin soared 339 bps — and 2025, when it sank 369 bps.
- Halliburton's Gross Margin stood at 40.94% in 2022, then increased by 6 bps to 43.37% in 2023, then fell by 4 bps to 41.82% in 2024, then dropped by 5 bps to 39.7% in 2025, then decreased by 7 bps to 36.8% in 2026.
- Business Quant data shows HAL's Gross Margin at 36.8% in Q2 2026, 37.69% in Q1 2026, and 39.7% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 80.13 Bn | 76.06 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 63.35 Bn | 47.62 Bn | 1.58 Bn | 23.46% |
| 3 | Tenaris | 53.49 Bn | 44.46 Bn | 984.66 | - |
| 4 | TechnipFMC | 30.85 Bn | 29.60 Bn | 1.40 Bn | 50.62% |
| 5 | Halliburton | 29.65 Bn | 27.60 Bn | 2.10 Bn | 36.80% |
| 6 | Nov | 7.32 Bn | 6.15 Bn | 521.00 Mn | 24.41% |
| 7 | Weatherford International | 6.59 Bn | 5.45 Bn | 662.00 Mn | 59.91% |
| 8 | Kodiak Gas Services | 5.77 Bn | 5.63 Bn | 246.76 Mn | 63.09% |
| 9 | Archrock | 5.58 Bn | 5.58 Bn | 244.51 Mn | 65.86% |
| 10 | Oceaneering International | 5.28 Bn | 4.65 Bn | 156.98 Mn | 20.44% |
Historic Data
Download 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% |