Halliburton (HAL) Operating Margin (2009 - 2026)
Halliburton's (HAL) quarterly Operating Margin came in at 13.62% in Q2 2026, up 42.0% year-over-year from 9.59% in Q2 2025, and up 8.32% quarter-over-quarter from 12.57% in Q1 2026.
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Halliburton (HAL) Operating Margin (2009 - 2026) Analysis & Trends
Halliburton (HAL) has reported Operating Margin for 18 consecutive years, with 13.62% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 42.0% year-over-year to 13.62% in Q2 2026; TTM through Jun 2026 was 11.44%, a 188.0% decrease from a year earlier, with the FY2025 full-year figure at 10.19%, down 647.0% from the prior year.
- Operating Margin was 13.62% for Q2 2026 at Halliburton, up from 12.57% in the prior quarter.
- Over five years, Operating Margin peaked at 18.44% in Q4 2023 and troughed at 6.36% in Q3 2025.
- A 5-year average of 14.28% and a median of 15.54% in 2022 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin jumped 1007 bps in 2023 and sank 905 bps in 2025, its largest moves.
- Over 5 years, Operating Margin stood at 17.48% in 2022, then grew by 5 bps to 18.44% in 2023, then dropped by 10 bps to 16.61% in 2024, then decreased by 21 bps to 13.19% in 2025, then advanced by 3 bps to 13.62% in 2026.
- The last three Operating Margin figures came in at 13.62% (Q2 2026), 12.57% (Q1 2026), and 13.19% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.35 Bn | 82.46 Bn | 4.63 Bn | 48.02% |
| 2 | Baker Hughes | 63.03 Bn | 47.48 Bn | 1.58 Bn | 12.74% |
| 3 | Halliburton | 30.89 Bn | 28.89 Bn | 2.10 Bn | 13.62% |
| 4 | Weatherford International | 6.88 Bn | 5.75 Bn | 662.00 Mn | 9.68% |
| 5 | Kodiak Gas Services | 6.31 Bn | 6.18 Bn | 246.76 Mn | 31.76% |
| 6 | Tidewater | 4.69 Bn | 4.07 Bn | 161.54 Mn | 18.27% |
| 7 | USA Compression Partners | 3.95 Bn | 3.94 Bn | 217.36 Mn | 29.34% |
| 8 | National Energy Services Reunited | 3.50 Bn | 3.32 Bn | 81.29 Mn | 12.45% |
| 9 | Liberty Energy | 3.36 Bn | 2.80 Bn | 208.34 Mn | 1.07% |
| 10 | Select Water Solutions | 2.55 Bn | 2.61 Bn | 76.84 Mn | 8.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.62% |
| Mar 31, 2026 | 12.57% |
| Dec 31, 2025 | 13.19% |
| Sep 30, 2025 | 6.36% |
| Jun 30, 2025 | 13.19% |
| Mar 31, 2025 | 7.96% |
| Dec 31, 2024 | 16.61% |
| Sep 30, 2024 | 15.29% |
| Jun 30, 2024 | 17.69% |
| Mar 31, 2024 | 17.01% |
| Dec 31, 2023 | 18.44% |
| Sep 30, 2023 | 17.87% |
| Jun 30, 2023 | 17.44% |
| Mar 31, 2023 | 17.21% |
| Dec 31, 2022 | 17.48% |
| Sep 30, 2022 | 15.79% |
| Jun 30, 2022 | 7.37% |
| Mar 31, 2022 | 11.93% |
| Dec 31, 2021 | 12.86% |
| Sep 30, 2021 | 11.55% |