← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Halliburton's revenue slipped 3.3% to $22.18B in FY2025 as North American activity fell, and $831 million of impairments and other charges helped cut operating income to $2.26B and net income 48.7% to $1.28B
The read at a glance✓ Audited against SEC data
- Growth — Revenue down 3.3% to $22.18B; North America down 6%, international down 2%Watch
- Profitability — Operating margin down 647 bps to 10.19%; $831 million of chargesWatch
- Cash flow — Free cash flow down 31.0% to $1.67B; capital spending down 13.0%Watch
- Accounting quality — Safe-zone balance-sheet score; no manipulation flag; earnings quality N/AOK
- Capital allocation — Buybacks $1.01B and dividends $579.0M against $1.67B free cash flowNote
- Market exposure — 39% of revenue from the U.S.; average U.S. land rig count 546, from 580Watch
Business
Halliburton, whose predecessor was founded in 1919, is one of the world's largest providers of products and services to the energy industry, with over 46,000 employees in more than 70 countries. It sells to major, national and independent oil and gas producers through two segments: Completion and Production (cementing, stimulation, chemicals, artificial lift, completion tools) and Drilling and Evaluation (drilling, fluids, wireline, testing and software). Its revenue follows customers' drilling and completion budgets, which move with oil and gas prices and rig activity.
Where the revenue comes from
Fiscal 2025, as HALLIBURTON CO reports it. History and quarterly detail are in the app.
- Completion and Production$12.8B
- Drilling and Evaluation$9.4B
Leadership changes
From HALLIBURTON CO's own filings, the day they're filed.
- David C. Hernandez · President · appointmenteff. 2026-10-15
- Michael Casey Maxwell · President · appointmenteff. 2026-02-01
- Western Hemisphere · President · appointmenteff. 2026-02-01
Latest filings
- 8-K · Company announcement2026-10-15
- 8-K · Company announcement2026-09-16
- 10-Q · Quarterly report2026-07-24
- 8-K · Company announcement2026-07-21
- 8-K · Company announcement2026-06-29
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Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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