Halliburton Company (HAL)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,219,000 | 3,339,000 | 2,087,000 | 1,241,000 | -3,223,000 |
| Revenue | US$ in thousands | 22,947,000 | 23,020,000 | 20,258,000 | 15,299,000 | 14,281,000 |
| Pretax margin | 14.03% | 14.50% | 10.30% | 8.11% | -22.57% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $3,219,000K ÷ $22,947,000K
= 14.03%
Halliburton Company's pretax margin has displayed a noteworthy improvement over the years based on the provided data. The pretax margin was negative at -22.57% as of December 31, 2020, indicating a loss before taxes. However, the company managed to turn this around, achieving a pretax margin of 8.11% by December 31, 2021, signifying a positive shift towards profitability.
The positive trend continued into the following years, with the pretax margin rising to 10.30% by December 31, 2022, and further to 14.50% by December 31, 2023, indicating an increasing efficiency in generating profits before accounting for tax expenses. Although there was a slight dip to 14.03% by December 31, 2024, the pretax margin has generally shown a consistent upward trajectory.
This improvement in the pretax margin suggests that Halliburton Company has been able to enhance its operational efficiency, control costs, and potentially increase revenue generation over the years. Investors and stakeholders may view this as a positive indicator of the company's financial health and management's ability to drive profitability.
Peer comparison
Dec 31, 2024