financial statements

The full income statement, balance sheet, and cash-flow statement for Halliburton Company (HAL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	22.2B YoY-3.3%	22.9B YoY-0.3%	23.0B YoY+13.4%	20.3B YoY+32.7%	15.3B YoY+5.9%
Research & development	411M YoY-3.5%	426M YoY+4.4%	408M YoY+18.3%	345M YoY+7.5%	321M YoY+3.9%
Selling, general & administrative	239M YoY+0.0%	239M YoY+5.8%	226M YoY-5.8%	240M YoY+17.6%	204M YoY+12.1%
General & administrative	239M YoY+0.0%	239M YoY+5.8%	226M YoY-5.8%	240M YoY+17.6%	204M YoY+12.1%
Restructuring	—	116M	0.00 YoY-100.0%	366M YoY+2950.0%	12.0M YoY-99.7%
Operating income	2.26B YoY-40.9%	3.82B YoY-6.4%	4.08B YoY+50.8%	2.71B YoY+50.4%	1.80B YoY+173.9%
Interest & investment income	88.0M YoY-9.3%	97.0M YoY+19.8%	81.0M YoY+179.3%	29.0M YoY+222.2%	9.00M YoY-76.3%
Other non-operating income	-128M YoY+43.6%	-227M YoY-170.2%	-84.0M YoY-35.5%	-62.0M YoY-82.4%	-34.0M YoY+69.4%
Equity-method income	-50.0M	0.00	0.00	—	—
Pre-tax income	1.77B YoY-45.2%	3.23B YoY-3.8%	3.36B YoY+59.4%	2.11B YoY+68.5%	1.25B YoY+138.9%
Income tax	479M YoY-33.3%	718M YoY+2.4%	701M YoY+36.1%	515M YoY+338.4%	-216M YoY+22.3%
	1.28B YoY-48.7%	2.50B YoY-5.2%	2.64B YoY+67.8%	1.57B YoY+7.9%	1.46B YoY+149.5%
Net income to non-controlling interest	9.00M YoY-40.0%	15.0M YoY-37.5%	24.0M YoY+4.3%	23.0M YoY+109.1%	11.0M YoY+266.7%
Weighted-avg shares (basic)	853M YoY-3.3%	882M YoY-1.9%	899M YoY-0.6%	904M YoY+1.3%	892M YoY+1.2%
Weighted-avg shares (diluted)	853M YoY-3.4%	883M YoY-2.1%	902M YoY-0.7%	908M YoY+1.8%	892M YoY+1.2%
Dividends per share	—	$0.68 YoY+6.3%	$0.64 YoY+33.3%	$0.48 YoY+166.7%	$0.18 YoY-42.9%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	11.4B YoY-7.9%	12.4B YoY+7.3%	11.5B YoY+5.4%	11.0B YoY+10.1%	9.94B YoY+4.9%
Cash & equivalents	2.21B YoY-15.7%	2.62B YoY+15.6%	2.26B YoY-3.5%	2.35B YoY-22.9%	3.04B YoY+18.8%
Short-term investments	150M YoY+0.0%	150M YoY+0.0%	150M YoY+0.0%	150M YoY+0.0%	150M YoY+0.0%
Accounts receivable	4.94B YoY-3.4%	5.12B YoY+5.3%	4.86B YoY+5.0%	4.63B YoY+26.2%	3.67B YoY+19.4%
Inventory	2.98B YoY-2.1%	3.04B YoY-5.8%	3.23B YoY+10.4%	2.92B YoY+23.8%	2.36B YoY+0.5%
Prepaid expenses	1.20B YoY+0.0%	1.20B YoY+0.0%	1.20B YoY+0.0%	1.20B YoY+0.0%	1.20B YoY+0.0%
Other current assets	1.27B YoY-20.7%	1.61B YoY+34.7%	1.19B YoY+13.0%	1.06B YoY+21.1%	872M YoY-41.6%
	25.0B YoY-2.3%	25.6B YoY+3.7%	24.7B YoY+6.1%	23.3B YoY+4.2%	22.3B YoY+7.9%
Property, plant & equipment	5.26B YoY+2.9%	5.11B YoY+4.3%	4.90B YoY+12.7%	4.35B YoY+0.5%	4.33B YoY+0.0%
Operating lease right-of-use	938M YoY-8.2%	1.02B YoY-6.1%	1.09B YoY+19.2%	913M YoY-2.2%	934M YoY+18.8%
Goodwill	2.94B YoY+3.5%	2.84B YoY-0.4%	2.85B YoY+0.7%	2.83B YoY-0.5%	2.84B YoY+1.4%
Deferred tax assets	2.30B YoY-1.8%	2.34B YoY-6.6%	2.50B YoY-5.0%	2.64B YoY-2.2%	2.69B YoY+24.4%
Other non-current assets	2.18B YoY+15.0%	1.89B YoY+5.3%	1.80B YoY+14.0%	1.58B YoY-0.2%	1.58B YoY+40.6%
	5.59B YoY-7.6%	6.05B YoY+7.9%	5.61B YoY+4.9%	5.34B YoY+24.1%	4.31B YoY-2.6%
Accounts payable	3.13B YoY-1.8%	3.19B YoY+1.3%	3.15B YoY+0.8%	3.12B YoY+32.6%	2.35B YoY+49.6%
Deferred revenue	257M YoY+0.0%	257M YoY+0.0%	257M YoY+0.0%	257M YoY+0.0%	257M YoY+0.0%
Short-term & current debt	0.00 YoY-100.0%	381M	0.00	0.00 YoY-100.0%	7.00M YoY-99.0%
Current lease liability	263M YoY+0.0%	263M YoY+0.4%	262M YoY+17.0%	224M YoY-6.7%	240M YoY-4.4%
Other current liabilities	759M YoY+4.1%	729M YoY-2.8%	750M YoY+3.7%	723M YoY+8.4%	667M YoY-23.9%
	14.5B YoY-3.6%	15.0B YoY-1.4%	15.3B YoY-0.2%	15.3B YoY-2.0%	15.6B YoY-0.7%
Long-term debt	7.16B YoY-0.0%	7.16B YoY-6.2%	7.64B YoY-3.7%	7.93B YoY-13.1%	9.13B YoY-0.1%
Non-current lease liability	712M YoY-10.8%	798M YoY-12.4%	911M YoY+15.2%	791M YoY-6.4%	845M YoY+11.5%
Deferred tax liabilities	393M YoY+9.8%	358M	—	—	—
Other non-current liabilities	619M YoY+0.3%	617M YoY-10.2%	687M YoY-14.8%	806M YoY-2.1%	823M YoY-0.1%
	10.5B YoY-0.4%	10.5B YoY+11.9%	9.39B YoY+18.2%	7.95B YoY+18.4%	6.71B YoY+35.0%
Common stock	2.66B YoY-0.1%	2.66B YoY-0.0%	2.66B YoY-0.0%	2.66B YoY-0.0%	2.67B YoY-0.0%
Additional paid-in capital	112M YoY+41.8%	79.0M YoY+25.4%	63.0M YoY+26.0%	50.0M YoY+56.3%	32.0M
Retained earnings	15.0B YoY+4.9%	14.3B YoY+14.3%	12.5B YoY+18.6%	10.6B YoY+8.9%	9.71B YoY+11.7%
Treasury stock	6.98B YoY+12.4%	6.21B YoY+12.2%	5.54B YoY+8.5%	5.11B YoY-7.3%	5.51B YoY-8.5%
Accumulated other comprehensive income	-363M YoY-2.8%	-353M YoY-6.6%	-331M YoY-43.9%	-230M YoY-25.7%	-183M YoY+49.4%
Non-controlling interest	44.0M YoY+4.8%	42.0M YoY+0.0%	42.0M YoY+44.8%	29.0M YoY+93.3%	15.0M YoY+66.7%
Total equity incl. non-controlling	10.5B YoY-0.4%	10.5B YoY+11.8%	9.43B YoY+18.3%	7.98B YoY+18.6%	6.73B YoY+35.0%
Total liabilities & equity	25.0B YoY-2.3%	25.6B YoY+3.7%	24.7B YoY+6.1%	23.3B YoY+4.2%	22.3B YoY+7.9%
Common shares issued	1.06B YoY-0.1%	1.06B YoY+0.0%	1.06B YoY-0.1%	1.07B YoY+0.0%	1.07B YoY+0.0%
Common shares outstanding	835M YoY-3.8%	868M YoY-2.4%	889M YoY-1.4%	902M YoY+0.7%	896M YoY+1.2%
Shares outstanding (cover)	842M YoY-4.2%	879M YoY-1.8%	895M YoY-1.4%	908M YoY+1.4%	895M YoY+1.3%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.93B YoY-24.3%	3.87B YoY+11.8%	3.46B YoY+54.2%	2.24B YoY+17.3%	1.91B YoY+1.6%
Depreciation & amortization	1.14B YoY+5.3%	1.08B YoY+8.1%	998M YoY+6.2%	940M YoY+4.0%	904M YoY-14.6%
Deferred income taxes	—	148M YoY-24.5%	196M YoY+180.0%	70.0M YoY+114.4%	-486M YoY-9.5%
Change in receivables	-188M YoY-160.3%	312M YoY+21.4%	257M YoY-77.7%	1.15B YoY+130.2%	500M YoY+135.9%
Change in inventory	-80.0M YoY+45.6%	-147M YoY-148.5%	303M YoY-52.8%	642M YoY+6320.0%	10.0M YoY+102.9%
Change in payables	-72.0M YoY-216.1%	62.0M YoY+26.5%	49.0M YoY-94.2%	852M YoY+7.2%	795M YoY+185.1%
	-1.32B YoY+19.9%	-1.65B YoY+0.3%	-1.66B YoY-71.6%	-967M YoY-81.1%	-534M YoY-9.9%
Capital expenditure	1.25B YoY-13.0%	1.44B YoY+4.6%	1.38B YoY+36.4%	1.01B YoY+26.5%	799M YoY+9.8%
Acquisitions	185M YoY+585.2%	27.0M YoY+107.7%	13.0M	—	—
Proceeds from sale of PP&E	185M YoY-17.0%	223M YoY+14.4%	195M YoY-2.5%	200M YoY-22.2%	257M YoY-10.1%
Other investing activities	70.0M YoY+55.6%	45.0M YoY-55.4%	101M YoY+24.7%	81.0M YoY+9.5%	74.0M YoY+68.2%
	-1.99B YoY-14.9%	-1.73B YoY-3.5%	-1.67B YoY+7.1%	-1.80B YoY-114.6%	-838M YoY+16.8%
Long-term debt issued	—	—	—	0.00	0.00 YoY-100.0%
Long-term debt repaid	389M YoY+289.0%	100M YoY-67.2%	305M YoY-75.4%	1.24B YoY+77.4%	700M YoY-57.7%
Common stock repurchased	1.01B YoY+0.2%	1.00B YoY+25.6%	800M YoY+220.0%	250M	0.00 YoY-100.0%
Dividends paid	579M YoY-3.5%	600M YoY+4.2%	576M YoY+32.4%	435M YoY+170.2%	161M YoY-42.1%
Other financing activities	-110M YoY+15.4%	-130M YoY-3.2%	-126M YoY-26.0%	-100M YoY-78.6%	-56.0M YoY+0.0%
FX effect on cash	—	—	—	—	-58.0M YoY+37.6%
Net change in cash	-412M YoY-216.4%	354M YoY+531.7%	-82.0M YoY+88.3%	-698M YoY-245.1%	481M YoY+63.1%
Interest paid	432M YoY-2.0%	441M YoY-4.1%	460M YoY-5.5%	487M YoY-5.8%	517M YoY+1.6%
Income taxes paid	639M YoY+18.8%	538M YoY-12.7%	616M YoY+74.0%	354M YoY+65.4%	214M YoY-28.7%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	23.8B YoY-0.4%	23.9B YoY-26.2%	32.4B YoY-9.4%	35.7B YoY+74.5%	20.5B YoY+22.5%
P/E	18.5× YoY+94.1%	9.6× YoY-22.6%	12.3× YoY-39.9%	20.5× YoY+46.0%	14.1×
P/S	1.1× YoY+3.0%	1.0× YoY-26.7%	1.4× YoY-24.4%	1.9× YoY+40.4%	1.3× YoY+15.7%
P/B	2.3× YoY+0.0%	2.3× YoY-36.0%	3.5× YoY-24.2%	4.7× YoY+53.6%	3.0× YoY-9.2%
P/FCF	14.2× YoY+44.3%	9.9× YoY-42.9%	17.3× YoY-62.1%	45.5× YoY+147.3%	18.4× YoY+27.0%
Earnings yield	5.4% YoY-48.5%	10.5% YoY+29.2%	8.1% YoY+66.3%	4.9% YoY-31.5%	7.1%
FCF yield	7.0% YoY-30.7%	10.1% YoY+75.2%	5.8% YoY+163.6%	2.2% YoY-59.6%	5.4% YoY-21.3%
Dividend yield	—	2.5% YoY+41.3%	1.8% YoY+45.1%	1.2% YoY+55.0%	0.8% YoY-52.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: HAL's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HAL filings on SEC EDGAR → Not investment advice.

HAL▼ financial statements

About this data

financial statements