Aureus
BGood

Halliburton Company(HAL)

B

Financial data as of Dec 31, 2025Declining · Energy

FCF Margin7.5%Free Cash Flow / Revenue
Cash Conversion228.1%Operating CF / Net Income
Free Cash Flow$1.7B
Revenue$22.2B
Net Cash-$5.9BNet debt position
Debt / FCF4.9xElevated debt burden
Current Ratio2.04Adequate short-term liquidity
YoY FCF Growth-19.6%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseB
→
-0.5FCF trend declining (-19.6% YoY)
→
FinalB

Analysis Summary

Strengths

  • Excellent cash conversion (228%)
  • Strong liquidity (current ratio: 2.04)

Concerns

  • Low FCF margin (7.5%)
  • Net debt position ($5.9B)
  • Significant FCF decline (-19.6% YoY)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin7.5%
Net Margin5.8%
Operating CF Margin13.2%
CapEx Ratio5.7%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$5.9BNet debt position
Debt / FCF4.9xElevated debt burden
Current Ratio2.04Strong liquidity
Debt / Equity0.78Low leverage

Quarterly FCF Trend

-19.6% YoYDeclining (-19.6%)

Free cash flow per quarter

Sector Comparison — Energy

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameHalliburton Company
SectorEnergy
Free Cash Flow$1.7B
Revenue$22.2B
Net Income$1.3B
Operating Cash Flow$2.9B
Capital Expenditure$1.3B
FCF Margin7.5%
Cash Conversion Rate228.1%
Net Margin5.8%
Total Debt$8.1B
Total Cash$2.2B
Net Cash-$5.9B
Current Ratio2.04
Debt / Equity0.78
Debt / FCF4.9x
YoY FCF Growth-19.6%
Positive Quarters5 of 5
Trend DirectionDeclining
Report DateDec 31, 2025
GradeB
Data SourceYahoo Finance