Halliburton Co
Halliburton Co (HAL) is listed on NYSE and classified in Oil & Gas Equipment & Services, part of the Energy sector. It is headquartered in Houston, United States and has 46,000 employees. The company is worth $27.65B and trades at 17.8x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was $22.18B in fiscal 2025, down 3.3% from the year before. Net income was $1.28B. The share price is 23.9% below its 52-week high of $43.59. It pays a dividend yielding 2.05%. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $402.98M. In that quarter, 6 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +55.2% over 5Y.
today you would have $1,477.96▲ +47.8%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $28.26 | $27.19 | $36.15 | $39.35 | $22.87 | $18.90 | $24.47 | $26.58 | $48.87 | $54.09 | $34.04 | $39.33 | $50.75 | $34.69 | $34.51 | $40.83 | $30.09 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 2.0% dividend yield. Growth capped at 25%.
Median P/E of 14.7 among peers in the sector.
Median P/E of 13.2 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 8.2x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 3.6% a year against a 9.0% required return, from the stock’s beta.
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| TSTenaris SA | $56.37 | 15.0x | 3.4x | 3.16% | 11.58% | $28.46B |
| PBAPembina Pipeline Corp | $49.37 | 24.1x | 2.7x | 4.19% | 10.47% | $28.71B |
| FTITechnipFMC plc | $66.82 | 24.4x | 8.0x | 0.30% | 35.81% | $26.2B |
| CQPCheniere Energy Partners, L.P. | $63.57 |
| $18.18 |
| $37.91 |
| P/E | 13.2x | 18.8x | 9.6x | 12.4x | 22.7x | 14.0x | — | — | 14.1x | — | — | — | 9.6x | 21.5x | 12.2x | 11.2x | 20.3x | 23.7x | 7.4x | 10.4x |
| P/S | 1.3x | 1.1x | 1.0x | 1.4x | 1.8x | 1.3x | 1.2x | 1.0x | 1.0x | 2.1x | 3.0x | 1.2x | 1.0x | 1.5x | 1.1x | 1.3x | 2.1x | 1.9x | 0.9x | 2.4x |
| P/B | 3.1x | 2.3x | 2.2x | 3.4x | 4.5x | 3.1x | 3.4x | 2.7x | 2.4x | 5.1x | 5.0x | 1.9x | 2.1x | 3.2x | 2.1x | 2.4x | 3.6x | 3.1x | 2.1x | 5.2x |
| EPS | $1.50 | $2.83 | $2.92 | $1.73 | $1.63 | -$3.34 | -$1.29 | $1.89 | -$0.53 | -$6.69 | -$0.79 | $4.11 | $2.36 | $2.84 | $3.08 | $2.01 | $1.27 | $2.45 | $3.65 |
| Dividend yield | 1.47% | 2.41% | 2.50% | 1.77% | 1.22% | 0.79% | 1.67% | 2.94% | 2.71% | 1.47% | 1.33% | 2.12% | 1.60% | 1.03% | 1.04% | 1.04% | 0.88% | 1.20% | 1.98% | 0.91% |
| Payout | 19.90% | 45.21% | 24.01% | 21.88% | 27.73% | 11.04% | — | — | 38.10% | — | — | — | 15.33% | 22.25% | 12.68% | 11.69% | 17.91% | 28.35% | 14.69% | 9.45% |
| Profit margin | 7.80% | 5.78% | 10.90% | 11.46% | 7.74% | 9.53% | -20.39% | -5.05% | 6.90% | -2.25% | -36.27% | -2.84% | 10.65% | 7.23% | 9.24% | 11.43% | 10.21% | 7.80% | 12.17% | 22.84% |
| ROE | 17.39% | 12.26% | 23.81% | 28.09% | 19.78% | 21.70% | -59.21% | -14.12% | 17.39% | -5.56% | -61.25% | -4.34% | 21.52% | 15.65% | 16.71% | 21.51% | 17.69% | 13.12% | 28.79% | 50.04% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
-34.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 12.0x |
| 8.3x |
| 5.14% |
| 1516.91% |
| $30.77B |
| VGVenture Global, Inc. | $12.81 | 10.1x | 3.7x | 1.25% | 33.64% | $32.03B |
| TPLTexas Pacific Land Corp | $333.67 | 42.6x | 13.8x | 0.72% | 36.57% | $23.01B |