Halliburton Co (MIL:1HAL) EBIT: €2,048 Mil (TTM As of Mar. 2026)


MIL:1HAL Halliburton Co MIL:1HAL
53 GF Score
Price €30.91
GF Value €30.42
Valuation Fairly Valued
! 2 Warning Signs
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What is Halliburton Co EBIT?

Halliburton Co MIL:1HAL 53 EBIT is €2,048 Mil as of Mar. 2026. GuruFocus rates MIL:1HAL with a GF Score™ of 53/100 and a GF Value™ of €30.42 (Fairly Valued). The stock has 2 warning signs investors should review.

Halliburton Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €582 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €2,048 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Halliburton Co's annualized ROC % for the quarter that ended in Mar. 2026 was 11.64%. Halliburton Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 26.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Halliburton Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.77%.


Halliburton Co  (MIL:1HAL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Halliburton Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=2349.34 * ( 1 - 18.45% )/( (16230.27 + 16689.31)/ 2 )
=1915.88677/16459.79
=11.64 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=21358.54 - 3244.346 - ( 1883.924 - max(0, 4772.152 - 9733.892+1883.924))
=16230.27

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=21747.83 - 3325.925 - ( 1732.595 - max(0, 4789.505 - 9977.775+1732.595))
=16689.31

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Halliburton Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2328.58/( ( (5293.946 + max(3302.418, 0)) + (5256.605 + max(3743.72, 0)) )/ 2 )
=2328.58/( ( 8596.364 + 9000.325 )/ 2 )
=2328.58/8798.3445
=26.47 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4220.468 + 2541.504 + 1087.996) - (3244.346 + 0 + 1303.204)
=3302.418

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4495.405 + 2611.435 + 1138.34) - (3325.925 + 0 + 1175.535)
=3743.72

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Halliburton Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2047.782/30268.746
=6.77 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Halliburton Co EBIT Related Terms


Halliburton Co EBIT Historical Data

* Premium members only.

The historical data trend for Halliburton Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Halliburton Co EBIT Chart

Halliburton Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,576.19 2,456.29 3,446.09 3,425.59 1,813.04

Halliburton Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 385.73 625.11 281.16 559.37 582.15

MIL:1HAL vs FTI, WFRD, NOV: EBIT Comparison

For the Oil & Gas Equipment & Services subindustry, Halliburton Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Halliburton Co EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Halliburton Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Halliburton Co's EV-to-EBIT falls into.


MIL:1HAL
53GF Score
Halliburton Co MIL:1HAL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Halliburton Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,048 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €2,048 Mil mean?
Halliburton Co (MIL:1HAL) has a EBIT of €2,048 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Halliburton Co.
Is Halliburton Co's EBIT too high?
Halliburton Co's current EBIT is €2,048 Mil. Overall, Halliburton Co has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Halliburton Co's EBIT compare to FTI and WFRD?
Halliburton Co's EBIT of €2,048 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Oil & Gas company?
A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Halliburton Co. Halliburton Co's current EBIT is €2,048 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Halliburton Co stock overvalued right now?
Based on GuruFocus' analysis, Halliburton Co (MIL:1HAL) is currently considered Fairly Valued. The stock's GF Value™ is €30.42, compared to a current price of €30.91 — trading 1.6% above its estimated fair value. The current EBIT is €2,048 Mil. Halliburton Co's overall GF Score™ is 53/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Halliburton Co (MIL:1HAL), the current EBIT is €2,048 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Halliburton Co (MIL:1HAL) Overvalued in 2026?

Based on GuruFocus' analysis, Halliburton Co stock appears to be overvalued. The current stock price of €30.91 is trading 1.6% above its estimated GF Value™ of €30.42. GuruFocus considers Halliburton Co to be Fairly Valued.

Key valuation signals for MIL:1HAL:

  • EBIT: €2,048 Mil
  • GF Value™: €30.42 vs. price of €30.91 (1.6% above fair value)
  • GF Score™: 53/100 with 2 warning signs

No single metric tells the full story. See the MIL:1HAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Halliburton Co Business Description

Industry EnergyOil & Gas
Address 3000 North Sam Houston Parkway East, Houston, TX, USA, 77032
Halliburton is North America's largest oilfield-services company as measured by market share. Despite industry fragmentation, it holds a leading position in the hydraulic fracturing and completions market, which makes up nearly half of its revenue. It also holds strong positions in other service offerings like drilling and completions fluids, which leverages its expertise in material science, as well as the directional drilling market. While we consider SLB the global leader in reservoir evaluation, we think Halliburton leads in any activity from the reservoir to the wellbore. Halliburton's innovations have helped multiple producers lower their development costs per barrel of oil equivalent, with techniques that have been honed over a century of operations.
53GF Score

Get the complete analysis for MIL:1HAL

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€30.91
Price
€30.42
GF Value