Halliburton Company (HAL)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 2,191,000 | 3,684,000 | 4,083,000 | 2,602,000 | 1,781,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 10,505,000 | 10,506,000 | 9,391,000 | 7,948,000 | 6,713,000 |
| Return on total capital | 20.86% | 35.07% | 43.48% | 32.74% | 26.53% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $2,191,000K ÷ ($—K + $10,505,000K)
= 20.86%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Halliburton Company
HAL
20.86%
Baker Hughes Co
BKR
14.34%
Liberty Oilfield Services Inc
LBRT
—
Schlumberger NV
SLB
20.05%
TechnipFMC PLC
FTI
33.27%