Halliburton Company (HAL)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,339,000 | 2,087,000 | 1,241,000 | -3,223,000 | -1,124,000 |
| Revenue | US$ in thousands | 23,020,000 | 20,258,000 | 15,299,000 | 14,281,000 | 22,413,000 |
| Pretax margin | 14.50% | 10.30% | 8.11% | -22.57% | -5.01% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,339,000K ÷ $23,020,000K
= 14.50%
The pretax margin of Halliburton Co. has displayed a fluctuating trend over the past five years. In 2023, the pretax margin improved significantly to 14.61%, indicating that the company's pre-tax profitability increased compared to the previous year. This improvement suggests that Halliburton Co. was able to manage its operating expenses more efficiently or potentially increase its revenue.
In 2022, the pretax margin was 10.40%, showing a moderate increase from the previous year. This indicates a positive trend towards improved profitability compared to 2021.
In 2021, the pretax margin was 8.19%, signaling a slight increase from the prior year. This suggests that Halliburton Co. was able to maintain its profitability, although the improvement was not as significant as in the following years.
On a negative note, in 2020, the company experienced a significantly low pretax margin of -22.29%, indicating that its pre-tax profitability was in deficit. This could be attributed to various factors such as a decrease in revenue, high operating expenses, or one-time charges affecting the bottom line.
Similarly, in 2019, the pretax margin was -5.01%, indicating continued challenges in profitability. This trend suggests that Halliburton Co. faced difficulties in generating pre-tax profits and maintaining financial health.
Overall, the varying pretax margins over the five-year period reflect Halliburton Co.'s fluctuating profitability and financial performance, highlighting the importance of closely monitoring and managing operational efficiency and revenue generation strategies.
Peer comparison
Dec 31, 2023