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.
Peer comparison
Dec 31, 2023