Halliburton (HAL) Return on Capital Employed [ROCE] (2009 - 2026)
Halliburton (HAL) reported Return on Capital Employed [ROCE] of 14.18% for Q3 2026, up 1.52 percentage points from 12.66% a year earlier and up 1.12 percentage points from the prior quarter.
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Analysis
Halliburton (HAL) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Halliburton posted Return on Capital Employed [ROCE] of 11.47%, down 8.56 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a five-year change of +24.56 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 20.03% in FY2024 (-2.21 pp), 22.24% in FY2023 (+6.72 pp), 15.52% in FY2022 (+5.05 pp) and 10.47% in FY2021 (+23.56 pp).
- The Q3 2026 figure ranks as the highest quarterly Return on Capital Employed [ROCE] since Q2 2025.
- Year over year, Return on Capital Employed [ROCE] gained in 1 of the last eight quarters, with an average year-over-year change of -4.04 percentage points.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q4 2021 (a gain of 25.26 percentage points); the low point was Q4 2025 (a drop of 8.10 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 13.06% (Q2 2026), 12.84% (Q1 2026) and 11.59% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 75.75 Bn | 72.19 Bn | 1.57 Bn | 11.29% |
| 2 | Baker Hughes | 48.33 Bn | 10.06 Bn | 1.96 Bn | 14.16% |
| 3 | Halliburton | 27.11 Bn | 19.06 Bn | 840.00 Mn | 14.18% |
| 4 | TechnipFMC | 25.53 Bn | 21.50 Bn | 728.70 Mn | 33.29% |
| 5 | Noble | 6.85 Bn | 4.92 Bn | 228.22 Mn | 5.53% |
| 6 | Nov | 6.35 Bn | 1.30 Bn | 439.00 Mn | 5.33% |
| 7 | Weatherford International | 6.08 Bn | 1.82 Bn | 374.00 Mn | 16.42% |
| 8 | Transocean | 6.08 Bn | 4.12 Bn | 348.00 Mn | 5.95% |
| 9 | Valaris | 5.60 Bn | 3.36 Bn | 176.30 Mn | 4.08% |
| 10 | Kodiak Gas Services | 4.48 Bn | 4.15 Bn | 259.04 Mn | 8.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.18% |
| 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% |
API Access
Halliburton Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=HAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=HAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();