Halliburton (HAL) Operating Margin (2009 - 2026)
Halliburton (HAL) posted quarterly Operating Margin of 13.62% for 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.
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.
- In Q2 2026, Operating Margin rose 42.0% year-over-year to 13.62%; the TTM figure through Jun 2026 stood at 11.44% (down 188.0% YoY), while the FY2025 annual figure was 10.19%, down 647.0% from the prior year.
- Operating Margin improved to 13.62% in Q2 2026 per HAL's latest filing, from 12.57% in the prior quarter.
- Across five years, Operating Margin topped out at 18.44% in Q4 2023 and bottomed at 6.36% in Q3 2025.
- Historically, Operating Margin has averaged 14.28% across 5 years, with a median of 15.54% in 2022.
- Annual changes were most pronounced in 2023 — Operating Margin surged 1007 bps — and 2025, when it plunged 905 bps.
- Halliburton's Operating Margin stood at 17.48% in 2022, then rose by 5 bps to 18.44% in 2023, then fell by 10 bps to 16.61% in 2024, then dropped by 21 bps to 13.19% in 2025, then grew by 3 bps to 13.62% in 2026.
- Business Quant data shows HAL's Operating Margin at 13.62% in Q2 2026, 12.57% in Q1 2026, and 13.19% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 48.02% |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 12.74% |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | 16.32% |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | -31.83% |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 13.62% |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 12.28% |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 9.68% |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 31.76% |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 55.10% |
| 10 | Oceaneering International | 5.22 Bn | 4.59 Bn | 156.98 Mn | 11.49% |
Historic Data
Download 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% |