Halliburton Company (HAL)

FairStock Score: 53/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Halliburton as a cyclical oilfield services business, not a consumer franchise. In fiscal Q2 2026, the quarter ended 2026-06-30, it earned $534.0M on revenue of $5.7B, or $0.64 diluted EPS. That was better than fiscal Q2 2025, the quarter ended 2025-06-30, when it earned $472.0M on $5.5B revenue and $0.55 diluted EPS. But the longer record shows the cycle: fiscal Q3 2025, the quarter ended 2025-09-30, net income was only $18.0M. For FY2025, period ended 2025-12-31, revenue was $22.2B and net income $1.3B, down from FY2024 revenue of $22.9B and net income of $2.5B. That is not steady compounding. At the 2026-10-13 close of $32.79, FairStock's calculations show a P/E of 17.17, P/B of 2.48, FCF yield of 6.3%, and EV/EBITDA of 9.32. The FairStock Graham Number is $23.82, so the price sits about 38% above that conservative value; margin of safety is negative. FairStock Score is 50/100 and Piotroski is 7/9, decent but not compelling. FairStock's return metrics show ROE of 14.92% and ROCE of 7.26%, while D/E is 0.74; the returns look partly levered and not wide-moat-like. FairStock's Altman Z of 2.55 suggests some balance-sheet caution. The 46,000-employee scale and $1.7B trailing FCF are real strengths, and beta of 0.77 is mild. Still, I want a cyclical supplier priced with a larger cushion. The latest quarter is encouraging, but one quarter does not repeal the cycle.

In plain English: Halliburton sells equipment and services used by oil and gas companies to drill and complete wells. Its business moves with the energy cycle: the latest quarter was solid, but full-year 2025 profit fell sharply from 2024. At $32.79, the shares look fair to full compared with profits and book value, not a bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer