Halliburton Company (HAL)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	22,764,000	22,616,000	22,168,000	21,017,000	19,562,000	18,261,000	16,765,000	15,828,000	15,063,000	13,592,000	12,580,000	9,436,000	9,775,000	9,549,000	12,252,000	17,334,000	19,209,000	22,581,000	23,188,000	18,383,000
Revenue (ttm)	US$ in thousands	23,020,000	22,864,000	22,417,000	21,693,000	20,258,000	18,954,000	17,457,000	16,090,000	15,299,000	14,259,000	13,374,000	12,863,000	14,281,000	16,232,000	18,808,000	21,542,000	22,410,000	23,154,000	23,775,000	23,992,000
Gross profit margin		98.89%	98.92%	98.89%	96.88%	96.56%	96.34%	96.04%	98.37%	98.46%	95.32%	94.06%	73.36%	68.45%	58.83%	65.14%	80.47%	85.72%	97.53%	97.53%	76.62%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $22,764,000K ÷ $23,020,000K
= 98.89%

Halliburton Co.'s gross profit margin has shown a consistent upward trend over the quarters, indicating an improvement in the company's ability to generate profit from its core operations. The gross profit margin increased from 13.54% in Q1 2022 to 18.94% in Q4 2023. This trend suggests effective cost management, pricing strategies, or operational efficiencies that have positively impacted profitability.

The rising gross profit margin may signify that Halliburton Co. is effectively managing its production costs or generating higher revenues relative to the cost of goods sold. This is a positive indicator of the company's financial health and operational performance. It is important for investors and stakeholders to continue monitoring this metric to assess the company's ability to maintain or improve its profitability over time.