HAL Income Statement - Halliburton Co

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Price: 29.16 EUR -3.7% Market Closed

Market Cap: €25.7B

H	Halliburton Co F:HAL	US
G	Glencore PLC OTC:GLCNF	CH
W	Whitehaven Coal Ltd OTC:WHITF	AU
H	Halliburton Co XHAM:HAL	US
D	DSV A/S SWB:DS81	DK
G	Garmin Ltd F:GEY	CH
	Roche Holding AG SIX:RO	CH
	DSV A/S OTC:DSDVY	DK
	DSV A/S CSE:DSV	DK
S	SLB NV F:SCL	US
L	L E Lundbergforetagen AB (publ) SWB:LU3B	SE
G	Garmin Ltd XHAM:GEY	CH
C	Cadence Design Systems Inc F:CDS	US
K	Kering SA SWB:PPX	FR
	Bidvest Group Ltd F:NQL	ZA
	United Therapeutics Corp NASDAQ:UTHR	US
	Tsuruha Holdings Inc OTC:TSUSF	JP
G	Garmin Ltd DUS:GEY	CH
G	Garmin Ltd NYSE:GRMN	CH
	Novartis AG SIX:NOVNEE	CH
	Barry Callebaut AG SIX:BARN	CH
H	Halma PLC DUS:H11	UK
R	Resonac Holdings Corp SWB:SWD	JP
E	Eni SpA XHAN:ENI	IT

Financial profile · Q3 FY2026

Activity-sensitive earnings paired with recurring free cash generation and measured capital intensity

Revenue and operating income expanded through 2023 and then receded, showing that earnings move with changes in activity. Despite that variability, Halliburton generated positive annual free cash flow throughout the reported history while continuing equipment investment and shareholder distributions.

What is developing

The latest results preserve the established pattern of steady revenue and positive TTM free cash flow, but working-capital absorption compressed quarterly cash conversion. That is a meaningful near-term cash-generation development, not yet evidence that the financial model has changed.

What matters next

Whether collections and project-related inventory normalize enough to improve operating cash flow relative to net income.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Revenue	15.9B	20.6B	24B	22.4B	14.4B	15.3B	20.3B	23B	22.9B	22.2B
Cost of Revenue	(15B)	(18.3B)	(21B)	(20.1B)	(12.9B)	(13.3B)	(17B)	(18.7B)	(18.6B)	(18.7B)
Gross Profit	864m	2.3B	3B	2.3B	1.5B	2B	3.3B	4.4B	4.3B	3.5B
Operating Expenses	(228m)	(256m)	(254m)	(227m)	(182m)	(204m)	(240m)	(277m)	(363m)	(393m)
Selling, General & Administrative	(228m)	(256m)	(254m)	(227m)	(182m)	(204m)	(240m)	(226m)	(239m)	(239m)
Other Operating Expenses	—	—	—	—	—	—	—	(51m)	(124m)	(154m)
Operating Income	636m	2B	2.7B	2.1B	1.4B	1.8B	3.1B	4.1B	3.9B	3.1B
Net Interest Income (Expense)	(639m)	(593m)	(554m)	(569m)	(505m)	(469m)	(375m)	(636m)	(361m)	(361m)
Interest Expense	698m	705m	598m	592m	543m	529m	492m	476m	450m	440m
Non-Recurring Items	(7.4B)	(647m)	(265m)	(2.5B)	(4B)	(12m)	(408m)	0	(116m)	(831m)
Total Other Income	(208m)	(99m)	(99m)	(105m)	(111m)	(79m)	(180m)	(84m)	(227m)	(128m)
Pre-Tax Income	(7.6B)	682m	1.8B	(1.1B)	(3.2B)	1.3B	2.1B	3.4B	3.2B	1.8B
Tax Provision	1.9B	(361m)	(204m)	(7m)	278m	216m	(515m)	(701m)	(718m)	(479m)
Income from Continuing Operations	(5.8B)	321m	1.6B	(1.1B)	(2.9B)	1.5B	1.6B	2.7B	2.5B	1.3B
Income to Minority Interest	6m	5m	(1m)	(2m)	(3m)	(11m)	(23m)	(24m)	(15m)	(9m)
Net Income	(5.8B)	(463m)	1.7B	(1.1B)	(2.9B)	1.5B	1.6B	2.6B	2.5B	1.3B
EPS (Diluted)	(6.69)	(0.53)	1.88	(1.29)	(3.34)	1.63	1.73	2.92	2.83	1.50