Halliburton (HAL) Operating Margin (2009 - 2026)
Halliburton (HAL) recorded Operating Margin of 10.94% in Q3 2026, up 4.58 percentage points from 6.36% a year earlier but down 2.67 percentage points from the prior quarter.
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Analysis
Halliburton (HAL) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Halliburton's Operating Margin came in at 12.58% as of Sep 30, 2026, up 1.53 percentage points year-over-year; for FY2025, it came in at 10.19%, down 6.47 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +27.05 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 16.66% in FY2024 (-1.08 pp), 17.74% in FY2023 (+4.40 pp), 13.34% in FY2022 (+1.57 pp) and 11.77% in FY2021 (+28.63 pp).
- Quarterly Operating Margin has ranged from 6.36% in Q3 2025 to 18.44% in Q4 2023 over the past five years.
- On a year-over-year basis, Operating Margin has increased for three consecutive quarters, with an average year-over-year change of -2.26 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 15.83 percentage points in Q4 2021, against a drop of 9.05 percentage points in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 13.62% (Q2 2026), 12.57% (Q1 2026) and 13.19% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 73.81 Bn | 70.26 Bn | 1.57 Bn | 12.05% |
| 2 | Baker Hughes | 47.88 Bn | 9.61 Bn | 1.96 Bn | 13.05% |
| 3 | Halliburton | 26.33 Bn | 18.23 Bn | 840.00 Mn | 10.94% |
| 4 | TechnipFMC | 25.25 Bn | 21.22 Bn | 728.70 Mn | 18.23% |
| 5 | Noble | 6.55 Bn | 4.63 Bn | 228.22 Mn | 8.24% |
| 6 | Nov | 6.31 Bn | 1.20 Bn | 439.00 Mn | 6.38% |
| 7 | Weatherford International | 6.04 Bn | 1.78 Bn | 374.00 Mn | 13.39% |
| 8 | Transocean | 5.85 Bn | 3.89 Bn | 348.00 Mn | 15.26% |
| 9 | Valaris | 5.52 Bn | 3.27 Bn | 176.30 Mn | 13.70% |
| 10 | Kodiak Gas Services | 4.21 Bn | 3.97 Bn | 246.76 Mn | 31.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.94% |
| 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% |
API Access
Halliburton Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=HAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "HAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=HAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();