Halliburton Company (HAL)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,822,000 | 4,083,000 | 2,707,000 | 1,800,000 | -2,436,000 |
| Revenue | US$ in thousands | 22,947,000 | 23,020,000 | 20,258,000 | 15,299,000 | 14,281,000 |
| Operating profit margin | 16.66% | 17.74% | 13.36% | 11.77% | -17.06% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,822,000K ÷ $22,947,000K
= 16.66%
Halliburton Company's operating profit margin has shown a positive trend over the past few years. Starting at a negative figure of -17.06% on December 31, 2020, the company improved significantly, reaching 11.77% by December 31, 2021. This positive momentum continued in subsequent years, with operating profit margins of 13.36% in 2022, 17.74% by the end of 2023, and a slight dip to 16.66% by December 31, 2024.
The increasing trend in operating profit margin indicates that Halliburton has been able to effectively manage its operating expenses relative to its revenues, resulting in a higher percentage of profit from its core business activities. This could be attributed to various factors such as cost control measures, efficiency improvements, or revenue growth outpacing operating expenses.
Overall, the upward trajectory of Halliburton's operating profit margin reflects positively on the company's operational performance and efficiency in generating profits from its core business operations.
Peer comparison
Dec 31, 2024