Halliburton Company (HAL)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,083,000 | 2,707,000 | 1,800,000 | -2,436,000 | -448,000 |
| Revenue | US$ in thousands | 23,020,000 | 20,258,000 | 15,299,000 | 14,281,000 | 22,413,000 |
| Operating profit margin | 17.74% | 13.36% | 11.77% | -17.06% | -2.00% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,083,000K ÷ $23,020,000K
= 17.74%
Halliburton Co.'s operating profit margin has shown a positive trend over the past five years. The margin increased from 8.50% in 2019 to 17.96% in 2023, indicating improving profitability. This suggests that the company has been able to effectively manage its operating expenses relative to its revenue, leading to higher operating profits. The rising trend in the operating profit margin reflects efficient operations and effective cost control measures taken by Halliburton Co. over the years. Overall, the increasing operating profit margin is a positive indicator of the company's operational performance and financial health.
Peer comparison
Dec 31, 2023