Halliburton (HAL) Operating Margin (2009 - 2026)

Halliburton (HAL) reported Operating Margin of 12.57% for Q1 2026, up 461.0% year-over-year from 2.24% in Q1 2025, and down 4.68% quarter-over-quarter from 13.19% in Q4 2025.

Halliburton (HAL) Operating Margin (2009 - 2026) Analysis & Trends

Halliburton (HAL) has 18 years of Operating Margin data on file, last reported at 12.57% in Q1 2026.

  • Operating Margin for Q1 2026 came in at 12.57%, up 461.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 11.31% (down 317.0% YoY), and the FY2025 annual result was 10.19%, down 647.0% from the prior year.
  • Operating Margin slipped to 12.57% in Q1 2026 per HAL's latest filing, from 13.19% 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 14.32% and a median of 15.79% in 2022 frame the typical range for Operating Margin.
  • The sharpest annual moves came in 2023 and 2025: Operating Margin surged 1007 bps in 2023, then plunged 905 bps in 2025.
  • A 5-year view of Operating Margin shows it stood at 17.48% in 2022, then increased by 5 bps to 18.44% in 2023, then declined by 10 bps to 16.61% in 2024, then slipped by 21 bps to 13.19% in 2025, then slipped by 5 bps to 12.57% in 2026.
  • Business Quant data shows HAL's Operating Margin at 12.57% in Q1 2026, 13.19% in Q4 2025, and 6.36% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn 50.58%
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn 11.87%
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn 12.57%
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn 14.51%
5 Enerflex 8.62 Bn 8.57 Bn - 15.64%
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn 2.29%
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn 10.68%
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn 53.94%
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn 30.89%
10 Liberty Energy 4.61 Bn 3.91 Bn 177.37 Mn 2.18%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 11.71%