Halliburton Company (HAL)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 98.89% | 98.92% | 98.89% | 96.88% | 96.56% | 96.34% | 96.04% | 98.37% | 98.46% | 95.32% | 94.06% | 73.36% | 68.45% | 58.83% | 65.14% | 80.47% | 85.72% | 97.53% | 97.53% | 76.62% |
| 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% |
| Pretax margin | 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% | -5.02% | 4.62% | 5.19% | 7.17% |
| Net profit margin | 11.46% | 11.52% | 10.98% | 9.04% | 7.76% | 9.18% | 8.20% | 9.63% | 9.52% | 2.79% | 1.08% | -13.67% | -20.62% | -26.88% | -21.54% | -10.68% | -5.05% | 5.12% | 5.58% | 7.34% |
Halliburton Co.'s profitability ratios have shown a consistent improvement over the quarters, indicating enhanced operational efficiency. The gross profit margin has steadily increased from 13.54% in Q1 2022 to 18.94% in Q4 2023, reflecting the company's ability to control production costs and generate more revenue from its core operations.
Similarly, the operating profit margin has shown a positive trend, increasing from 12.25% in Q1 2022 to 17.96% in Q4 2023. This indicates that the company has been able to manage its operating expenses effectively while increasing profitability from its primary business activities.
The pretax margin has also exhibited a notable improvement, demonstrating a steady increase from 7.41% in Q2 2022 to 14.61% in Q4 2023. This suggests that Halliburton Co. has been successful in optimizing its pre-tax earnings in relation to its total revenue.
Moreover, the net profit margin has shown a consistent growth trajectory, rising from 7.74% in Q4 2022 to 11.46% in Q4 2023. This indicates that the company has been successful in managing its overall profitability after accounting for all expenses and taxes.
Overall, Halliburton Co.'s profitability ratios depict a positive trend, showcasing the company's ability to generate higher profits from its operations over the quarters.
Return on investment
| 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 return on assets (Operating ROA) | 16.54% | 16.37% | 15.83% | 13.43% | 11.64% | 10.11% | 8.38% | 8.79% | 8.06% | 5.49% | 4.06% | -7.27% | -11.78% | -19.12% | -17.05% | -5.86% | -1.77% | 6.76% | 7.41% | 9.18% |
| Return on assets (ROA) | 10.69% | 10.77% | 10.22% | 8.30% | 6.76% | 7.71% | 6.38% | 7.02% | 6.53% | 1.89% | 0.69% | -8.54% | -14.24% | -20.90% | -19.20% | -9.74% | -4.46% | 4.43% | 4.93% | 6.53% |
| Return on total capital | 43.48% | 43.73% | 43.83% | 37.71% | 17.05% | 29.93% | 26.38% | 27.66% | 11.36% | 20.31% | 15.68% | -28.92% | -17.27% | -59.58% | -53.79% | -16.61% | -2.44% | 18.59% | 20.95% | 25.80% |
| Return on equity (ROE) | 28.09% | 28.78% | 28.31% | 23.29% | 19.78% | 22.83% | 20.08% | 22.09% | 21.70% | 7.01% | 2.68% | -34.00% | -59.21% | -83.90% | -78.07% | -33.67% | -14.12% | 12.17% | 13.95% | 18.34% |
Halliburton Co. has shown a positive trend in its profitability ratios over the past eight quarters. The Operating ROA has steadily increased from 8.95% in Q1 2022 to 16.75% in Q4 2023, indicating the company's ability to generate operating income from its assets more efficiently over time.
Similarly, the ROA has generally improved from 6.38% in Q2 2022 to 10.69% in Q4 2023, reflecting the company's ability to generate profit from its total assets. This improvement is further supported by the increasing trend in Return on Total Capital, which has risen from 12.70% in Q1 2022 to 24.28% in Q4 2023, indicating the efficient use of both equity and debt capital to generate returns.
Moreover, the Return on Equity (ROE) has shown an upward trajectory, reaching 28.09% in Q4 2023 compared to 20.08% in Q2 2022, demonstrating the company's ability to generate profit for its shareholders from the equity invested in the business.
Overall, the profitability ratios of Halliburton Co. have exhibited positive trends over the analyzed period, indicating efficient utilization of assets, capital, and equity to generate profitability for the company and its shareholders.