Halliburton Company (0R23.L) Q1 2025 Earnings Report

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Halliburton Company

0R23.L

$28.51 2.89%

Exchange: LSE | Sector: Energy | Industry: Oil Gas Equipment Services

Q1 2025

Published: Apr 25, 2025

Earnings Highlights

Revenue of $5.42B down 6.7% year-over-year
EPS of $0.24 decreased by 64.7% from previous year
Gross margin of 16.2%
Net income of 204.00M
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0R23.L

Company 0R23.L

Period Q1 2025

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Halliburton reported Q1 2025 revenue of USD 5.417 billion, down 6.7% year over year and 3.4% quarter over quarter, with a gross profit of USD 0.879 billion and a gross margin of 16.2%. Operating income was USD 0.431 billion, yielding an operating margin of 7.96%, while net income came in at USD 0.204 billion for an EPS of USD 0.24. The quarter reflected continued cyclical pressure in upstream activity but showcased resilience in cash generation, underpinned by solid operating cash flow and disciplined capital allocation.

Key Performance Indicators

Revenue

Decreasing

5.42B

QoQ: -3.44% | YoY: -6.67%

Gross Profit

Decreasing

879.00M

16.23% margin

QoQ: -14.33% | YoY: -18.76%

Operating Income

Decreasing

431.00M

QoQ: -53.76% | YoY: -56.33%

Net Income

Decreasing

204.00M

QoQ: -66.83% | YoY: -66.34%

EPS

Decreasing

0.24

QoQ: -65.71% | YoY: -64.71%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: USD 5.417B; YoY -6.7%; QoQ -3.4%. Gross Profit: USD 0.879B; margin 16.23%; YoY -18.8%; QoQ -14.3%. Operating Income: USD 0.431B; margin 7.96%; YoY -56.3%; QoQ -53.8%. Net Income: USD 0.204B; margin 3.77%; YoY -66.3%; QoQ -66.8%. EBITDA: USD 0.694B; EBITDA margin 12.81%. EPS: USD 0.24; diluted USD 0.24; Weighted Avg Shs 866M. Free Cash Flow: USD 0.075B; CFO USD 0.377B; CAPEX USD -0.302B; Dividends USD -0.147B; Buybacks USD -0.250B. Balance Sheet: Cash USD 1.804B; Total Debt USD 8.574B; Net Debt USD 6.770B; Equity USD 10.367B. Liquidity: Current ratio 1.98; Quick ratio 1.46; Debt/Capital 0.453; Interest Coverage 3.88x. Profitability: Net Margin 3.77%; ROA 0.81%; ROE 1.97%; ROCE 2.23%. Valuation (per data): P/E 26.92x; P/B 2.12x; P/S 4.06x; P/FCF 292.94x; Dividend Yield 0.67%; P/OCF 58.28x; Dividend Payout 72.1%.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	5.42B	-6.67%	-3.44%
Gross Profit	879.00M	-18.76%	-14.33%
Operating Income	431.00M	-56.33%	-53.76%
Net Income	204.00M	-66.34%	-66.83%
EPS	0.24	-64.71%	-65.71%

Key Financial Ratios

Gross Profit Margin

Weak

16.20%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Fair

7.96%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

3.77%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

0.81%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

1.97%

Return on equity suggests inefficient capital allocation

Current Ratio

Healthy

1.98

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Elevated

0.83

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

Growth

26.92x

Elevated P/E suggests growth expectations or premium valuation

Price to Book

Fair Value

2.12x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2025	5,600.00	0.02	-1.7%	View
Q2 2025	5,510.00	0.55	-5.5%	View
Q1 2025	5,417.00	0.24	-6.7%	View
Q4 2024	5,610.00	0.70	-2.3%	View
Q3 2024	5,697.00	0.65	-1.8%	View

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Halliburton Company (0R23.L) Q1 2025 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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