Halliburton (HAL) Net Margin (2009 - 2026)
Halliburton's (HAL) quarterly Net Margin came in at 9.42% in Q2 2026, up 70.0% year-over-year from 5.54% in Q2 2025, and up 9.62% quarter-over-quarter from 8.59% in Q1 2026.
Analysis
Halliburton (HAL) Net Margin (2009 - 2026) Analysis & Trends
Halliburton (HAL) has reported Net Margin for 18 consecutive years, with 9.42% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 70.0% year-over-year to 9.42% in Q2 2026; TTM through Jun 2026 was 7.33%, a 111.0% decrease from a year earlier, with the FY2025 full-year figure at 5.95%, down 501.0% from the prior year.
- Net Margin was 9.42% for Q2 2026 at Halliburton, up from 8.59% in the prior quarter.
- Over five years, Net Margin peaked at 12.47% in Q3 2023 and troughed at 0.36% in Q3 2025.
- A 5-year average of 9.03% and a median of 10.37% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin jumped 832 bps in 2023 and plunged 982 bps in 2025, its largest moves.
- Over 5 years, Net Margin stood at 11.34% in 2022, then grew by 8 bps to 12.27% in 2023, then decreased by 11 bps to 10.94% in 2024, then dropped by 0 bps to 10.92% in 2025, then fell by 14 bps to 9.42% in 2026.
- The last three Net Margin figures came in at 9.42% (Q2 2026), 8.59% (Q1 2026), and 10.92% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.35 Bn | 82.46 Bn | 4.63 Bn | 9.08% |
| 2 | Baker Hughes | 63.03 Bn | 47.48 Bn | 1.58 Bn | 10.12% |
| 3 | Halliburton | 30.89 Bn | 28.89 Bn | 2.10 Bn | 9.42% |
| 4 | Weatherford International | 6.88 Bn | 5.75 Bn | 662.00 Mn | 3.80% |
| 5 | Kodiak Gas Services | 6.31 Bn | 6.18 Bn | 246.76 Mn | 13.33% |
| 6 | Tidewater | 4.69 Bn | 4.07 Bn | 161.54 Mn | 6.16% |
| 7 | USA Compression Partners | 3.95 Bn | 3.94 Bn | 217.36 Mn | 13.34% |
| 8 | National Energy Services Reunited | 3.50 Bn | 3.32 Bn | 81.29 Mn | 8.45% |
| 9 | Liberty Energy | 3.36 Bn | 2.80 Bn | 208.34 Mn | 3.62% |
| 10 | Select Water Solutions | 2.55 Bn | 2.61 Bn | 76.84 Mn | 5.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.42% |
| Mar 31, 2026 | 8.59% |
| Dec 31, 2025 | 10.92% |
| Sep 30, 2025 | 0.36% |
| Jun 30, 2025 | 8.71% |
| Mar 31, 2025 | 3.75% |
| Dec 31, 2024 | 10.94% |
| Sep 30, 2024 | 10.18% |
| Jun 30, 2024 | 12.22% |
| Mar 31, 2024 | 10.49% |
| Dec 31, 2023 | 12.27% |
| Sep 30, 2023 | 12.47% |
| Jun 30, 2023 | 10.62% |
| Mar 31, 2023 | 11.54% |
| Dec 31, 2022 | 11.34% |
| Sep 30, 2022 | 10.25% |
| Jun 30, 2022 | 2.31% |
| Mar 31, 2022 | 6.16% |
| Dec 31, 2021 | 20.46% |
| Sep 30, 2021 | 6.22% |