Halliburton Company

HALNYSEEnergy● Active

$40.09

+$0.91(+2.31%)

Market Cap$33.5B

P/E Ratio—

52W High$43.59

52W Low$19.9

Avg Volume14.6M

Open$39.55

Beta0.70

Free Cash Flow Financials Revenue

Halliburton Company (HAL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

HAL · free cash flow · updated Jun 8, 2026

Core FCF metrics

HAL · FCF · TTM · margin & CAGR

Free cash flow was $1.67B for FY2025 (fiscal year ending 2025-12-31), down 31.0% year-over-year The FCF margin was 7.5%. Five-year CAGR stands at +7.7%.

FY2025 Free Cash Flow$1.67B▼ -31.0% YoY

Trailing 12M (TTM)$1.68Btrailing 4 quarters sum

FCF Margin7.5%$1.67B ÷ revenue

3-Year CAGR+10.8%FY2022 → FY2025

5-Year CAGR+7.7%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

HAL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.93B(1.25B)$1.67B▼ 31.0%7.5%

FY2024$3.87B(1.44B)$2.42B▲ +16.5%10.6%

FY2023$3.46B(1.38B)$2.08B▲ +68.9%9.0%

FY2022$2.24B(1.01B)$1.23B▲ +10.7%6.1%

FY2021$1.91B(799M)$1.11B▼ 3.6%7.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

HAL · P/FCF · FCF yield · FCF per share

Halliburton Company (HAL) trades at a FCF yield of 5.01% and a price-to-free-cash-flow ratio of 20.0x. FCF per share stands at $2.00, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.01%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.00

TTM FCF ÷ Shares Outstanding

Price / FCF

x20.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x23.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

HAL · cash flow statement · operating / investing / financing

For FY2025, Halliburton Company generated $2.93B in operating cash flow and spent 1.25B in capital expenditures, yielding $1.67B in free cash flow.

Operating Activities

+$2.93B

Cash from core business operations

2025-12-31

Investing Activities

−$1.32B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.99B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.93B) − |CapEx| (1.25B) = FCF ($1.67B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

HAL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Halliburton CompanyYOU

HAL

$1.67B-31.0%7.5%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Halliburton Company (HAL) reported free cash flow of $1.67B for FY2025 (fiscal year ending 2025-12-31), down 31.0% year-over-year. The FCF margin was 7.5%.

Based on available data, Halliburton Company has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $2.42B in FY2024. The 5-year CAGR stands at +7.7%.

Halliburton Company's FCF yield is 5.01% and price-to-FCF ratio is 20.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

HAL free cash flow · 8 questions

Halliburton Company free cash flow was $1.67B for FY2025, down 31.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.68B.

HAL free cash flowHAL FCFHAL FCF 2025HAL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Halliburton Company · Halliburton Company SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026