Halliburton Company (HAL)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 2,166,000 | 2,347,000 | 2,887,000 | 3,200,000 | 3,684,000 | 3,838,000 | 4,025,000 | 3,894,000 | 3,940,000 | 3,843,000 | 3,638,000 | 3,091,000 | 2,602,000 | 2,190,000 | 1,808,000 | 1,881,000 | 1,781,000 | 1,129,000 | 814,000 | -1,567,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 10,505,000 | 10,203,000 | 10,505,000 | 10,367,000 | 10,506,000 | 10,296,000 | 10,000,000 | 9,636,000 | 9,391,000 | 9,150,000 | 8,693,000 | 8,415,000 | 7,948,000 | 7,621,000 | 7,130,000 | 7,017,000 | 6,713,000 | 5,681,000 | 5,420,000 | 5,170,000 |
| Return on total capital | 20.62% | 23.00% | 27.48% | 30.87% | 35.07% | 37.28% | 40.25% | 40.41% | 41.96% | 42.00% | 41.85% | 36.73% | 32.74% | 28.74% | 25.36% | 26.81% | 26.53% | 19.87% | 15.02% | -30.31% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,166,000K ÷ ($—K + $10,505,000K)
= 20.62%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Halliburton Company
HAL
20.62%
Baker Hughes Co
BKR
14.34%
Liberty Oilfield Services Inc
LBRT
13.30%
Schlumberger NV
SLB
14.47%
TechnipFMC PLC
FTI
37.49%