Halliburton (HAL) Return on Invested Capital [ROIC] (2009 - 2026)
Halliburton (HAL) recorded Return on Invested Capital [ROIC] of 21.36% in Q3 2026, up 5.87 percentage points from 15.49% a year earlier and up 3.38 percentage points from the prior quarter.
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Analysis
Halliburton (HAL) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Halliburton reported Return on Invested Capital [ROIC] of 11.60%, down 5.31 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of +25.02 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 16.91% in FY2024 (-2.74 pp), 19.66% in FY2023 (+6.78 pp), 12.88% in FY2022 (+1.15 pp) and 11.73% in FY2021 (+25.16 pp).
- The Q3 2026 figure is the highest quarterly Return on Invested Capital [ROIC] in data going back to Q2 2010.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for three consecutive quarters, with an average year-over-year change of -0.09 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 26.64 percentage points in Q4 2021, against a drop of 4.92 percentage points in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 17.98% (Q2 2026), 17.96% (Q1 2026) and 15.70% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 73.67 Bn | 71.28 Bn | 1.57 Bn | 9.30% |
| 2 | Baker Hughes | 47.44 Bn | 9.59 Bn | 1.96 Bn | 13.18% |
| 3 | Halliburton | 26.34 Bn | 18.29 Bn | 840.00 Mn | 13.16% |
| 4 | TechnipFMC | 25.18 Bn | 21.15 Bn | 728.70 Mn | 35.01% |
| 5 | Noble | 6.56 Bn | 4.64 Bn | 228.22 Mn | 1.51% |
| 6 | Nov | 6.31 Bn | 1.25 Bn | 439.00 Mn | 2.34% |
| 7 | Weatherford International | 6.11 Bn | 1.89 Bn | 374.00 Mn | 16.40% |
| 8 | Transocean | 5.79 Bn | 3.83 Bn | 348.00 Mn | 6.10% |
| 9 | Valaris | 5.48 Bn | 3.23 Bn | 176.30 Mn | 4.43% |
| 10 | Kodiak Gas Services | 4.28 Bn | 3.96 Bn | 259.04 Mn | 6.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.16% |
| Jun 30, 2026 | 11.01% |
| Mar 31, 2026 | 10.82% |
| Dec 31, 2025 | 9.46% |
| Sep 30, 2025 | 9.51% |
| Jun 30, 2025 | 12.75% |
| Mar 31, 2025 | 13.89% |
| Dec 31, 2024 | 16.48% |
| Sep 30, 2024 | 17.41% |
| Jun 30, 2024 | 18.50% |
| Mar 31, 2024 | 18.81% |
| Dec 31, 2023 | 19.04% |
| Sep 30, 2023 | 18.73% |
| Jun 30, 2023 | 18.10% |
| Mar 31, 2023 | 14.92% |
| Dec 31, 2022 | 12.94% |
| Sep 30, 2022 | 14.60% |
| Jun 30, 2022 | 12.04% |
| Mar 31, 2022 | 12.35% |
| Dec 31, 2021 | 11.73% |
API Access
Halliburton Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=HAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=HAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();