Halliburton Company (HAL)

Operating profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	4,083,000	4,001,000	3,810,000	3,173,000	2,707,000	2,281,000	1,881,000	1,941,000	1,800,000	1,154,000	850,000	-1,495,000	-2,436,000	-3,992,000	-3,598,000	-1,384,000	-448,000	1,812,000	1,992,000	2,478,000
Revenue (ttm)	US$ in thousands	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	22,410,000	23,154,000	23,775,000	23,992,000
Operating profit margin		17.74%	17.50%	17.00%	14.63%	13.36%	12.03%	10.78%	12.06%	11.77%	8.09%	6.36%	-11.62%	-17.06%	-24.59%	-19.13%	-6.42%	-2.00%	7.83%	8.38%	10.33%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,083,000K ÷ $23,020,000K
= 17.74%

Halliburton Co.'s operating profit margin has shown a positive trend over the past eight quarters, indicating improving profitability. The company's operating profit margin has consistently increased from 12.25% in Q1 2022 to 17.96% in Q4 2023. This upward trajectory suggests that Halliburton has been effectively managing its operating expenses in relation to its revenue generation.

The steady growth in operating profit margin reflects the company's ability to control costs and improve operational efficiency. This trend is particularly notable as it demonstrates Halliburton's capability to enhance profitability despite potential fluctuations in the market environment. Overall, the increasing operating profit margin indicates a positive financial performance for Halliburton Co. during the period under review.