Halliburton (HAL) Gross Margin (2009 - 2026)
Halliburton's (HAL) quarterly Gross Margin came in at 37.69% in Q1 2026, down 165.0% year-on-year from 57.98% in Q1 2025, and down 50.88% on a QoQ basis 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.
- On a quarterly basis, Gross Margin fell 165.0% year-over-year to 37.69% in Q1 2026; TTM through Mar 2026 was 47.69%, a 3942.0% decrease from a year earlier, with the FY2025 full-year figure at 77.06%, down 39.0% from the prior year.
- Gross Margin for Q1 2026 stood at 37.69%, down from 76.74% in the prior quarter.
- Over the last five years, Gross Margin for HAL reached as high as 189.71% in Q4 2024 and fell as low as 36.74% in Q1 2022.
- Historically, Gross Margin has averaged 63.96% across 5 years, with a median of 43.37% in 2023.
- Across the five-year window, Gross Margin surged 14634 bps in 2024 and tumbled 11298 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 77.66% in 2022, then sank by 44 bps to 43.37% in 2023, then jumped by 337 bps to 189.71% in 2024, then sank by 60 bps to 76.74% in 2025, then slumped by 51 bps to 37.69% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 37.69% in Q1 2026, 76.74% in Q4 2025, and 37.8% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 61.69% |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | 33.87% |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 65.69% |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 37.69% |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 18.47% |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 70.23% |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 66.20% |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 18.38% |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 64.46% |
| 10 | Tidewater | 3.87 Bn | 3.32 Bn | 160.04 Mn | 49.06% |
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 | 39.34% |
| Dec 31, 2024 | 189.71% |
| Sep 30, 2024 | 41.00% |
| Jun 30, 2024 | 77.83% |
| Mar 31, 2024 | 77.71% |
| Dec 31, 2023 | 43.37% |
| Sep 30, 2023 | 42.30% |
| Jun 30, 2023 | 77.30% |
| Mar 31, 2023 | 78.03% |
| Dec 31, 2022 | 77.66% |
| Sep 30, 2022 | 39.31% |
| Jun 30, 2022 | 77.02% |
| Mar 31, 2022 | 36.74% |
| Dec 31, 2021 | 37.88% |
| Sep 30, 2021 | 36.09% |
| Jun 30, 2021 | 77.02% |