How Halliburton (HAL) Makes Money: A Visual Guide

Halliburton (HAL) generated $22.18B in revenue (TTM through Q4 2025), earning $1.28B in net profit (5.8% margin). Its largest revenue source is Completion And Production (57.6% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Halliburton (HAL) Income Statement Flow

Frequently asked questions

How does Halliburton (HAL) make money?

Halliburton (HAL) primarily makes money through Completion And Production, which accounts for 57.6% of total revenue. For TTM through Q4 2025, Halliburton generated $22.18B in total revenue with a net profit margin of 5.8%.

What is Halliburton (HAL) gross profit margin?

Halliburton (HAL) reported a gross profit margin of 15.8% for TTM through Q4 2025, equivalent to $3.50B in gross profit. This means Halliburton retains 15.8% of each revenue unit after direct costs of production.

What is Halliburton (HAL) operating profit margin?

Halliburton (HAL) reported an operating profit margin of 12.3% for TTM through Q4 2025, equivalent to $2.73B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Halliburton (HAL) net profit margin?

Halliburton (HAL) reported a net profit margin of 5.8% for TTM through Q4 2025, equivalent to $1.28B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Halliburton (HAL) spend on capital expenditures?

Halliburton (HAL) spent $1.25B on capital expenditures in TTM through Q4 2025 (5.7% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Halliburton (HAL) free cash flow?

Halliburton (HAL) generated $1.67B in free cash flow for TTM through Q4 2025 (7.5% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Halliburton (HAL) effective tax rate?

Halliburton (HAL) had an effective tax rate of 27% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

About this data

What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
Based on company filings through TTM through Q4 2025.