Halliburton Company (0R23.L) Q1 2025: 0r23 L

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

5.42B

QoQ: -3.44% | YoY:-6.67%

Gross Profit

879.00M

16.23% margin

QoQ: -14.33% | YoY:-18.76%

Operating Income

431.00M

QoQ: -53.76% | YoY:-56.33%

Net Income

204.00M

QoQ: -66.83% | YoY:-66.34%

EPS

0.24

QoQ: -65.71% | YoY:-64.71%

Revenue Trend

Margin Analysis

Key Insights

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

currentRatio

1.98

grossProfitMargin

16.2%

operatingProfitMargin

7.96%

netProfitMargin

3.77%

returnOnAssets

0.81%

returnOnEquity

1.97%

debtEquityRatio

0.83

operatingCashFlowPerShare

$0.44

freeCashFlowPerShare

$0.09

dividendPayoutRatio

72.1%

priceToBookRatio

2.12

priceEarningsRatio

26.92

Net Income vs. Revenue

Expense Breakdown

Competitive Position

Company	Gross Margin	Operating Margin	Return on Equity	P/E Ratio
0R23.L Focus	16.23%	7.96%	1.97%	26.92%
0KAK.L	36.30%	22.90%	2.68%	12.48%
0QYE.L	47.20%	8.96%	3.67%	68.81%

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

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

Earnings Highlights

Halliburton Company (0R23.L) QQ1 2025 Results – Revenue Decline in a Cautious Macro With Cash Flow Stabilization and Balance Sheet Strength

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

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

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

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