Halliburton Company (HAL)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,219,000 | 3,254,000 | 3,437,000 | 3,298,000 | 3,339,000 | 3,343,000 | 3,135,000 | 2,581,000 | 2,087,000 | 1,669,000 | 1,281,000 | 1,350,000 | 1,241,000 | 578,000 | 267,000 | -2,103,000 | -3,223,000 | -4,811,000 | -4,441,000 | -2,214,000 |
| 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 |
| Pretax margin | 14.03% | 14.10% | 14.83% | 14.25% | 14.50% | 14.62% | 13.98% | 11.90% | 10.30% | 8.81% | 7.34% | 8.39% | 8.11% | 4.05% | 2.00% | -16.35% | -22.57% | -29.64% | -23.61% | -10.28% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,219,000K ÷ $22,947,000K
= 14.03%
The pretax margin of Halliburton Company has shown significant fluctuations over the past few years. The margin was negative in the earlier quarters of 2020, indicating that the company's expenses exceeded its revenue before accounting for taxes. However, from March 2021 onwards, the pretax margin started to improve and turned positive by June 2021.
There was a notable increase in the pretax margin from June 2021 to December 2022, indicating that the company was able to effectively control costs and generate higher revenue relative to expenses. This trend continued into 2023 and 2024, with the pretax margin consistently above 10%.
Overall, the increasing trend in the pretax margin reflects improved operational efficiency and profitability for Halliburton Company. It suggests that the company has been able to enhance its performance and generate higher profits compared to the previous periods.
Peer comparison
Dec 31, 2024