Halliburton Company (HAL)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	3,822,000	3,948,000	4,114,000	4,093,000	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
Revenue (ttm)	US$ in thousands	22,947,000	23,075,000	23,182,000	23,147,000	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
Operating profit margin		16.66%	17.11%	17.75%	17.68%	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%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,822,000K ÷ $22,947,000K
= 16.66%

Halliburton Company's operating profit margin has shown a significant improvement over the analyzed period. The margin was negative in the first three quarters of 2020, indicating that the company's operating expenses exceeded its gross profit during that time.

However, starting in the second quarter of 2021, the operating profit margin turned positive, reflecting more efficient cost management and potentially higher revenues. The margin continued to increase steadily through the following quarters, reaching a peak of 17.75% in the second quarter of 2024.

This upward trend in operating profit margin suggests that Halliburton has been able to control its operating expenses effectively while generating stronger revenues, resulting in improved profitability. Maintaining a healthy operating profit margin is crucial for the company's overall financial health and sustainability.