Halliburton Company (HAL)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	22,555,000	22,691,000	22,911,000	22,884,000	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
Revenue (ttm)	US$ in thousands	22,947,000	23,075,000	23,182,000	23,147,000	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
Gross profit margin		98.29%	98.34%	98.83%	98.86%	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%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $22,555,000K ÷ $22,947,000K
= 98.29%

Halliburton Company's gross profit margin has displayed fluctuations over the period from March 31, 2020, to December 31, 2024. The gross profit margin started at a high of 80.47% in March 2020, then decreased to 58.83% in September 2020, before rising to 94.06% by June 2021.

Subsequently, there was a consistent upward trend in the gross profit margin, reaching a peak of 98.92% by September 30, 2023. However, there was a slight decline in the gross profit margin in the following periods, with it decreasing to 98.29% by December 31, 2024.

Overall, despite some fluctuations, Halliburton Company's gross profit margin remained relatively high throughout the period, indicating strong operational efficiency and effective cost management in the company's core business activities.