Halliburton Company (HAL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 22,764,000 | 19,562,000 | 15,063,000 | 9,775,000 | 19,203,000 |
| Revenue | US$ in thousands | 23,020,000 | 20,258,000 | 15,299,000 | 14,281,000 | 22,413,000 |
| Gross profit margin | 98.89% | 96.56% | 98.46% | 68.45% | 85.68% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $22,764,000K ÷ $23,020,000K
= 98.89%
Halliburton Co.'s gross profit margin has shown a positive trend over the past five years, indicating an improving ability to generate profit from its core operations. The company's gross profit margin increased from 10.20% in 2019 to 18.94% in 2023, reflecting an upward trajectory in profitability. This signifies that Halliburton has been able to effectively control its cost of goods sold while increasing its revenue, resulting in a higher percentage of revenue retained as gross profit. The consistent improvement in the gross profit margin demonstrates the company's efficiency in managing its production and distribution costs, which is a positive indicator of financial health and operational effectiveness.
Peer comparison
Dec 31, 2023