Energy › Oil & Gas Equipment & Services

Halliburton Company (HAL) Stock Overview

Market Cap: $31.08B

Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation.

Mar 19, 2026$36.93

1Y +47.2%

Rewards

★Halliburton Company has maintained ROIC above 10% for 4 consecutive years, suggesting solid business economics.
★Free cash flow has grown at a 10.7% CAGR over the past 4 years, demonstrating strong earnings power growth.
★Dividend yield of 1.84% with a consistent or growing payout over the past 4 years.

Risks

⚠Gross margin of 15.7% is low, suggesting a competitive or commodity-like market with limited pricing power.
⚠FCF yield of 6.9% suggests reasonable valuation assuming continued moderate growth.
⚠Trailing P/E of 24.6x is 55% above the historical average of 15.8x — the stock trades at a premium to its own history.

HAL Key Valuation Metrics

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Free Cash Flow

$2.14B

FCF Yield

6.88%

Trailing P/E

24.62

Forward P/E

13.78

ROIC

13.88%

ROE

12.21%

Gross Margin

15.71%

PEG Ratio

N/A

Debt / Equity

0.79

Interest Coverage

N/A

Net Debt / EBITDA

1.48

Dividend Yield

1.84%

HAL Historical Fundamentals

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Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

HAL $1 Retained Earnings Test

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Market Value

$-2.55

created per $1 retained

Market Cap Declined

Earning Power

$1.05

created per $1 retained

Value Creator

Σ Retained

$4.67B

Δ Market Cap

$-11.91B

Δ Earning Power

+$4.90B

Buffett's "$1 Test": For every $1 retained, how much value did management create?
Market Value = market's verdict (mood-sensitive) · Earning Power = fcf / discount rate (mood-independent)

HAL Discounted Cash Flow (DCF) Analysis

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65.1% Margin of Safety

Price is 65.1% below estimated fair value

Current Price: $36.93

Strongly undervalued

Fairly valued

Strongly overvalued

Fair Value: $105.68

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Parameter	Min (Bear)Value	BaseValue	Max (Bull)Value
Initial Cash Flow
Growth Rate (Yr 1-5)	%	%	%
Growth Rate (Yr 6-10)	%	%	%
Terminal Growth Rate	%	%	%
Discount Rate	%	%	%
	Bear Case $56.45 Implied EV: $53.62B	Base Case $105.68 Implied EV: $95.06B	Bull Case $163.38 Implied EV: $143.62B

Reverse DCF — Market-Implied Growth

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What growth rate is the market pricing in at $37?

+5.8%

Market-Implied FCF Growth Rate

Market roughly matching historical growth — reasonable.

HAL Economic Moat Score

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69/100

Narrow Moat

70+ Wide · 40-69 Narrow · <40 None

Narrow moat with roic consistency as the key competitive advantage. Improving revenue predictability would strengthen the moat.

Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.

HAL Forensic Accounting

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-2.68

Unlikely Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

HAL Management & Board

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Mr. Jeffrey Allen Miller CPA

Chairman of the Board, President & CEO · Age 61

$10.72M

total pay

Mr. Eric J. Carre

Executive VP & CFO · Age 58

$3.72M

total pay

Mr. Jeffrey Shannon Slocum

Executive VP, COO & Director · Age 52

$3.56M

total pay

Mr. Van H. Beckwith J.D.

Executive VP, Secretary & Chief Legal Officer · Age 59

$3.58M

total pay

Ms. Stephanie S. Holzhauser

Senior VP & Chief Accounting Officer · Age 45

Mr. Lawrence J. Pope

Executive VP & Chief Administrative Officer · Age 57

$4.00M

total pay

Mr. David Coleman

Senior Director of Investor Relations

Jill D. Sharp

Senior Vice President of Internal Assurance Services · Age 54

Ms. Summer Condarco

Senior VP and Chief Health, Safety & Environment (HSE) Officer

Mr. Josh Sears

Senior VP Halliburton Drilling & Evaluation Division

HAL Ownership

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Insiders 0.5%Institutions 88.9%Retail & Other 10.6%

No. of Institutional Holders1,377

High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.

HAL Insider Buying Activity

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Buys (3M)

Buys (12M)

Total value (12M): $169,162

WEISS JANET L.

Director

$169,162

@ $19.79 · 2025-05-29

Open market purchases · includes direct & indirect ownership · excludes option exercises

HAL Insider Selling Activity

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Sells (3M)

Sells (12M)

Total value (12M): $18.22M

BECKWITH VAN H.

Officer

$663,481

@ $33.82 · 2026-03-16

SLOCUM JEFFREY SHANNON

Chief Operating Officer

$184,015

@ $33.82 · 2026-03-16

MCKEON TIMOTHY M.

Officer and Treasurer

$132,187

@ $34.37 · 2026-03-06

BANKS MARGARET KATHERINE

Director

$88,855

@ $34.17 · 2026-01-26

BECKWITH VAN H.

Officer

$1.90M

@ $34.96 · 2026-01-23

MILLER JEFFREY ALLEN

Chief Executive Officer

$5.99M

@ $34.96 · 2026-01-23

BECKWITH VAN H.

Officer

$574,875

@ $32.30 · 2026-01-09

SLOCUM JEFFREY SHANNON

Chief Operating Officer

$771,808

@ $32.30 · 2026-01-09

POPE LAWRENCE J.

Officer

$3.23M

@ $32.25 · 2026-01-05

BECKWITH VAN H.

Officer

$246,938

@ $27.89 · 2025-12-05

RICHARD MARK

Officer

$4.44M

@ $27.77 · 2025-11-12

CARRE ERIC

Chief Financial Officer

$1.28M

@ $25.00 · 2025-03-14

MCKEON TIMOTHY M.

Officer and Treasurer

$258,226

@ $24.60 · 2025-03-07

BANKS MARGARET KATHERINE

Director

$93,736

@ $24.03 · 2025-03-04

CARRE ERIC

Chief Financial Officer

$3.69M

@ $26.13 · 2025-02-11

BECKWITH VAN H.

Officer

$367,500

@ $36.75 · 2024-07-18

SHARP JILL D

Officer

$263,454

@ $38.00 · 2024-05-20

GEER CHARLES JR

Officer

$114,000

@ $38.00 · 2024-05-20

BECKWITH VAN H.

Officer

$369,200

@ $36.92 · 2024-05-07

SHARP JILL D

Officer

$123,802

@ $37.00 · 2024-05-07

SLOCUM JEFFREY SHANNON

Officer

$1.44M

@ $36.92 · 2024-05-07

JONES MYRTLE L

Officer

$940,685

@ $36.92 · 2024-05-07

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

HAL 🎭 Mr. Market's Mood

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😏Greed(64/100)

"Market is optimistic — be cautious and ensure you have a margin of safety"

Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

HAL ⚖️ Buffett Signal

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⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Greed (64)

HAL Investment Checklist & Notes

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Do I understand this business?

Does it have a durable competitive advantage (moat)?

Is management honest and competent?

Is management allocating capital rationally?

Is the price reasonable (margin of safety)?

Is this within my circle of competence?

Auto-saved • Last updated: 3/20/2026, 4:30:29 AM

HAL Insider Buying Activity

Learn more →

Buys (3M)

Buys (12M)

Total value (12M): $169,162

WEISS JANET L.

Director

$169,162

@ $19.79 · 2025-05-29

Open market purchases · includes direct & indirect ownership · excludes option exercises

HAL Insider Selling Activity

Learn more →

Sells (3M)

Sells (12M)

Total value (12M): $18.22M

BECKWITH VAN H.

Officer

$663,481

@ $33.82 · 2026-03-16

SLOCUM JEFFREY SHANNON

Chief Operating Officer

$184,015

@ $33.82 · 2026-03-16

MCKEON TIMOTHY M.

Officer and Treasurer

$132,187

@ $34.37 · 2026-03-06

BANKS MARGARET KATHERINE

Director

$88,855

@ $34.17 · 2026-01-26

BECKWITH VAN H.

Officer

$1.90M

@ $34.96 · 2026-01-23

MILLER JEFFREY ALLEN

Chief Executive Officer

$5.99M

@ $34.96 · 2026-01-23

BECKWITH VAN H.

Officer

$574,875

@ $32.30 · 2026-01-09

SLOCUM JEFFREY SHANNON

Chief Operating Officer

$771,808

@ $32.30 · 2026-01-09

POPE LAWRENCE J.

Officer

$3.23M

@ $32.25 · 2026-01-05

BECKWITH VAN H.

Officer

$246,938

@ $27.89 · 2025-12-05

RICHARD MARK

Officer

$4.44M

@ $27.77 · 2025-11-12

CARRE ERIC

Chief Financial Officer

$1.28M

@ $25.00 · 2025-03-14

MCKEON TIMOTHY M.

Officer and Treasurer

$258,226

@ $24.60 · 2025-03-07

BANKS MARGARET KATHERINE

Director

$93,736

@ $24.03 · 2025-03-04

CARRE ERIC

Chief Financial Officer

$3.69M

@ $26.13 · 2025-02-11

BECKWITH VAN H.

Officer

$367,500

@ $36.75 · 2024-07-18

SHARP JILL D

Officer

$263,454

@ $38.00 · 2024-05-20

GEER CHARLES JR

Officer

$114,000

@ $38.00 · 2024-05-20

BECKWITH VAN H.

Officer

$369,200

@ $36.92 · 2024-05-07

SHARP JILL D

Officer

$123,802

@ $37.00 · 2024-05-07

SLOCUM JEFFREY SHANNON

Officer

$1.44M

@ $36.92 · 2024-05-07

JONES MYRTLE L

Officer

$940,685

@ $36.92 · 2024-05-07

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

HAL Investment Checklist & Notes

Learn more →

Do I understand this business?

Does it have a durable competitive advantage (moat)?

Is management honest and competent?

Is management allocating capital rationally?

Is the price reasonable (margin of safety)?

Is this within my circle of competence?

Auto-saved • Last updated: 3/20/2026, 4:30:29 AM

Halliburton Company (HAL) Stock Overview

Rewards

Risks

HAL Key Valuation Metrics

HAL Historical Fundamentals

HAL $1 Retained Earnings Test

HAL Discounted Cash Flow (DCF) Analysis

Reverse DCF — Market-Implied Growth

HAL Economic Moat Score

HAL Forensic Accounting

M-Score Trend

HAL Management & Board

HAL Ownership

HAL Insider Buying Activity

HAL Insider Selling Activity

HAL 🎭 Mr. Market's Mood

HAL ⚖️ Buffett Signal

Compare HAL

HAL Investment Checklist & Notes

HAL Insider Buying Activity

HAL Insider Selling Activity

HAL Investment Checklist & Notes