Halliburton Company (HAL)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	2,638,000	1,572,000	1,457,000	-2,945,000	-1,131,000
Revenue	US$ in thousands	23,020,000	20,258,000	15,299,000	14,281,000	22,413,000
Net profit margin		11.46%	7.76%	9.52%	-20.62%	-5.05%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $2,638,000K ÷ $23,020,000K
= 11.46%

The net profit margin of Halliburton Co. has exhibited variability over the past five years. In 2023, the net profit margin improved to 11.46%, indicating that the company generated $0.1146 of profit for every dollar of revenue. This represents a significant increase from the prior year's net profit margin of 7.74%. The upward trend in profitability suggests improved efficiency in managing costs and expenses relative to revenue.

However, in 2021, the net profit margin was lower at 9.53% compared to 2023, but still remained relatively healthy. The company experienced a significant downturn in profitability in 2020, as reflected by a negative net profit margin of -20.39%. This indicates that the company incurred losses greater than the revenue generated during that year.

In 2019, the net profit margin was also negative at -5.05%, implying financial challenges for the company during that period. Overall, the fluctuating trend in net profit margin suggests that Halliburton Co. has been working on improving its operational efficiency and cost management to enhance profitability in recent years.