Halliburton (HAL) Return on Capital Employed (2009 - 2026)

Halliburton (HAL) reported Return on Capital Employed of 12.84% for Q1 2026, down 386.0% year-over-year from 4.49% in Q1 2025, and up 10.75% quarter-over-quarter from 11.59% in Q4 2025.

Halliburton (HAL) Return on Capital Employed (2009 - 2026) Analysis & Trends

Halliburton (HAL) has 17 years of Return on Capital Employed data on file, last reported at 12.84% in Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 12.84%, down 386.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.84% (down 386.0% YoY), and the FY2025 annual result was 11.47%, down 856.0% from the prior year.
  • Return on Capital Employed climbed to 12.84% in Q1 2026 per HAL's latest filing, from 11.59% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 21.54% in Q4 2023 and troughed at 10.75% in Q2 2022.
  • A 5-year average of 16.6% and a median of 16.7% in 2025 frame the typical range for Return on Capital Employed.
  • The sharpest annual moves came in 2022 and 2025: Return on Capital Employed soared 2005 bps in 2022, then tumbled 810 bps in 2025.
  • A 5-year view of Return on Capital Employed shows it stood at 15.41% in 2022, then soared by 40 bps to 21.54% in 2023, then slipped by 9 bps to 19.69% in 2024, then plunged by 41 bps to 11.59% in 2025, then increased by 11 bps to 12.84% in 2026.
  • Business Quant data shows HAL's Return on Capital Employed at 12.84% in Q1 2026, 11.59% in Q4 2025, and 12.66% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn 36.80%
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn 35.87%
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn 12.84%
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn 27.54%
5 Enerflex 8.62 Bn 8.57 Bn - 2.02%
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn 4.37%
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn 19.80%
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn 20.30%
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn 8.84%
10 Liberty Energy 4.61 Bn 3.91 Bn 177.37 Mn 2.37%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 5.18%