📊 HAL Key Takeaways
Is Halliburton Co (HAL) a Good Investment?
Halliburton maintains solid financial fundamentals with exceptional debt coverage (31.8x interest coverage), strong liquidity (2.04x current ratio), and positive free cash flow generation of $1.7B. However, declining revenues (-3.3% YoY) and net income (-0.7% YoY) signal operational headwinds in the oil & gas services sector that warrant caution despite a fortress-like balance sheet.
Halliburton demonstrates solid fundamentals with strong liquidity, moderate leverage, excellent interest coverage, and healthy free cash flow generation. However, slight declines in revenue and net income highlight cyclical softness, tempering near-term growth visibility despite stable margins.
Why Buy Halliburton Co Stock? HAL Key Strengths
- Exceptional interest coverage ratio of 31.8x provides substantial debt servicing cushion and financial flexibility
- Strong free cash flow of $1.7B with 7.5% FCF margin enables debt service and capital deployment
- Solid liquidity ratios (current 2.04x, quick 1.51x) and moderate leverage (0.68x D/E) demonstrate financial stability
- Positive return metrics with 12.3% ROE and 10.2% operating margin showing operational efficiency
- 25 Form 4 insider filings in 90 days indicate active management engagement
- Strong liquidity (current 2.04x, quick 1.51x)
- Moderate leverage with excellent interest coverage (31.8x)
- Consistent free cash flow with 7.5% FCF margin and solid cash conversion
HAL Stock Risks: Halliburton Co Investment Risks
- Declining revenue (-3.3% YoY) and net income (-0.7% YoY) suggest sector headwinds or competitive pressures without clear recovery catalyst
- Significant long-term debt of $7.2B exposes company to refinancing risk and interest rate sensitivity despite strong coverage
- Cyclical exposure to volatile oil & gas markets creates earnings volatility and capital allocation uncertainty
- Absence of gross profit data limits visibility into cost structure and margin sustainability
- Modest net margin (5.8%) leaves limited room for operational deterioration without profit impact
- Revenue contraction (-3.3% YoY) signals demand softness
- Cyclical sector exposure may pressure margins and utilization
- FCF sensitivity to capex and working capital swings
Key Metrics to Watch
- Quarterly revenue trend and stabilization vs. continued decline
- Operating margin trajectory indicating cost management effectiveness
- Free cash flow generation and cash conversion sustainability
- Debt-to-equity ratio and total debt reduction progress
- Order backlog and contract awards as leading revenue indicator
- Revenue growth (YoY)
- FCF margin
Halliburton Co (HAL) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 2.04x current ratio provides a solid financial cushion.
HAL Profit Margin, ROE & Profitability Analysis
HAL vs Energy Sector: How Halliburton Co Compares
How Halliburton Co compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Halliburton Co Stock Overvalued? HAL Valuation Analysis 2026
Based on fundamental analysis, Halliburton Co has mixed fundamental signals relative to the Energy sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Halliburton Co Balance Sheet: HAL Debt, Cash & Liquidity
HAL Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Halliburton Co's revenue has shown modest growth of 3% over the 5-year period. The most recent EPS of $2.92 reflects profitable operations.
HAL Revenue Growth, EPS Growth & YoY Performance
HAL Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $5.6B | $18.0M | $0.02 |
| Q2 2025 | $5.5B | $472.0M | $0.55 |
| Q1 2025 | $5.4B | $204.0M | $0.24 |
| Q3 2024 | $5.7B | $571.0M | $650,000.00 |
| Q2 2024 | $5.8B | $610.0M | $680,000.00 |
| Q1 2024 | $5.7B | $606.0M | $680,000.00 |
| Q3 2023 | $5.4B | $544.0M | $600,000.00 |
| Q2 2023 | $5.1B | $109.0M | $120,000.00 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Halliburton Co Dividends, Buybacks & Capital Allocation
HAL SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Halliburton Co (CIK: 0000045012)
📋 Recent SEC Filings
❓ Frequently Asked Questions about HAL
What is the AI rating for HAL?
Halliburton Co (HAL) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 71% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are HAL's key strengths?
Claude: Exceptional interest coverage ratio of 31.8x provides substantial debt servicing cushion and financial flexibility. Strong free cash flow of $1.7B with 7.5% FCF margin enables debt service and capital deployment. ChatGPT: Strong liquidity (current 2.04x, quick 1.51x). Moderate leverage with excellent interest coverage (31.8x).
What are the risks of investing in HAL?
Claude: Declining revenue (-3.3% YoY) and net income (-0.7% YoY) suggest sector headwinds or competitive pressures without clear recovery catalyst. Significant long-term debt of $7.2B exposes company to refinancing risk and interest rate sensitivity despite strong coverage. ChatGPT: Revenue contraction (-3.3% YoY) signals demand softness. Cyclical sector exposure may pressure margins and utilization.
What is HAL's revenue and growth?
Halliburton Co reported revenue of $22.2B.
Does HAL pay dividends?
Halliburton Co pays dividends, with $579.0M distributed to shareholders in the trailing twelve months.
Where can I find HAL SEC filings?
Official SEC filings for Halliburton Co (CIK: 0000045012) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is HAL's EPS?
Halliburton Co has a diluted EPS of $0.81.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is HAL a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Halliburton Co has a HOLD rating with 71% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is HAL stock overvalued or undervalued?
Valuation metrics for HAL: ROE of 12.3% (sector avg: 14%), net margin of 5.8% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy HAL stock in 2026?
Our dual AI analysis gives Halliburton Co a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is HAL's free cash flow?
Halliburton Co's operating cash flow is $2.9B, with capital expenditures of $1.3B. FCF margin is 7.5%.
How does HAL compare to other Energy stocks?
Vs Energy sector averages: Net margin 5.8% (avg: 12%), ROE 12.3% (avg: 14%), current ratio 2.04 (avg: 1.3).