Halliburton (HAL) Return on Capital Employed (2009 - 2026)
Halliburton (HAL) posted quarterly Return on Capital Employed of 13.06% for Q2 2026, down 218.0% year-over-year from 11.07% in Q2 2025, and up 1.73% quarter-over-quarter from 12.84% in Q1 2026.
Halliburton (HAL) Return on Capital Employed (2009 - 2026) Analysis & Trends
Halliburton (HAL) has reported Return on Capital Employed for 17 consecutive years, with 13.06% the latest figure, recorded in Q2 2026.
- In Q2 2026, Return on Capital Employed fell 218.0% year-over-year to 13.06%; the TTM figure through Jun 2026 stood at 13.06% (down 218.0% YoY), while the FY2025 annual figure was 11.47%, down 856.0% from the prior year.
- Return on Capital Employed grew to 13.06% in Q2 2026 per HAL's latest filing, from 12.84% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 21.54% in Q4 2023 and bottomed at 10.75% in Q2 2022.
- Historically, Return on Capital Employed has averaged 16.4% across 5 years, with a median of 16.05% in 2022.
- Annual changes were most pronounced in 2022 — Return on Capital Employed soared 2005 bps — and 2025, when it tumbled 810 bps.
- Halliburton's Return on Capital Employed stood at 15.41% in 2022, then jumped by 40 bps to 21.54% in 2023, then dropped by 9 bps to 19.69% in 2024, then sank by 41 bps to 11.59% in 2025, then rose by 13 bps to 13.06% in 2026.
- Business Quant data shows HAL's Return on Capital Employed at 13.06% in Q2 2026, 12.84% in Q1 2026, and 11.59% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.91 Bn | 75.84 Bn | 4.63 Bn | 24.68% |
| 2 | Baker Hughes | 62.03 Bn | 46.30 Bn | 1.58 Bn | 9.65% |
| 3 | Tenaris | 52.88 Bn | 43.85 Bn | 984.66 | - |
| 4 | TechnipFMC | 31.04 Bn | 29.80 Bn | 1.40 Bn | -70.33% |
| 5 | Halliburton | 29.51 Bn | 27.46 Bn | 2.10 Bn | 13.06% |
| 6 | Nov | 7.28 Bn | 6.11 Bn | 521.00 Mn | 6.61% |
| 7 | Weatherford International | 6.57 Bn | 5.44 Bn | 662.00 Mn | 16.47% |
| 8 | Kodiak Gas Services | 5.66 Bn | 5.52 Bn | 246.76 Mn | 8.25% |
| 9 | Archrock | 5.54 Bn | 5.54 Bn | 244.51 Mn | 20.39% |
| 10 | Oceaneering International | 5.26 Bn | 4.63 Bn | 156.98 Mn | 15.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.06% |
| Mar 31, 2026 | 12.84% |
| Dec 31, 2025 | 11.59% |
| Sep 30, 2025 | 12.66% |
| Jun 30, 2025 | 15.24% |
| Mar 31, 2025 | 16.70% |
| Dec 31, 2024 | 19.69% |
| Sep 30, 2024 | 19.96% |
| Jun 30, 2024 | 21.29% |
| Mar 31, 2024 | 21.22% |
| Dec 31, 2023 | 21.54% |
| Sep 30, 2023 | 21.24% |
| Jun 30, 2023 | 20.59% |
| Mar 31, 2023 | 17.46% |
| Dec 31, 2022 | 15.41% |
| Sep 30, 2022 | 13.01% |
| Jun 30, 2022 | 10.75% |
| Mar 31, 2022 | 10.93% |
| Dec 31, 2021 | 10.36% |
| Sep 30, 2021 | 6.78% |