Halliburton CoHAL +2.27%73 Gross Margin % is 14.49% as of Mar. 2026, which is 13% above its 10-year median of 12.81. GuruFocus rates HAL with a GF Score™ of 73/100 and a GF Value™ of $33.36 (Fairly Valued). The stock has 2 warning signs investors should review. Among 867 Oil & Gas companies, Halliburton Co ranks worse than 67.24% on this metric.
The historical rank and industry rank for Halliburton Co's Gross Margin % or its related term are showing as below:
HAL'
s Gross Margin % Range Over the Past 10 Years
Min: 5.48 Med: 12.81 Max: 18.94
Current: 15.28
During the past 13 years, the highestGross Margin % of Halliburton Co was 18.94%. The lowest was 5.48%. And the median was 12.81%.
HAL's Gross Margin % is ranked worse than 67.24% of 867
companies
in the Oil & Gas industry
Industry Median: 25.7
vs HAL: 15.28
Halliburton Co had a gross margin of 14.49% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Halliburton Co was 9.30% per year.
Halliburton Co (NYSE:HAL) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Halliburton Co had a gross margin of 14.49% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Halliburton Co Gross Margin % Related Terms
Halliburton Co Gross Margin % Historical Data
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The historical data trend for Halliburton Co's Gross Margin % 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.
For the Oil & Gas Equipment & Services subindustry, Halliburton Co's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Halliburton Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Halliburton Co's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Halliburton Co (HAL) has a Gross Margin % of 14.49% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Halliburton Co and its competitors. This is 13% above median its historical median of 12.81. Over the past decade, Halliburton Co's Gross Margin % has ranged from 5.48 to 18.94. According to the industry distribution chart, Halliburton Co ranks #583 out of 867 companies in the Oil & Gas industry, placing it in the top 67.2%.
Is Halliburton Co's Gross Margin % too high?
Halliburton Co's current Gross Margin % of 14.49% is 13% above median its 10-year median of 12.81. Over the past 10 years, this metric has ranged from a low of 5.48 to a high of 18.94. The Oil & Gas industry median Gross Margin % is 25.70. Halliburton Co's value of 14.49% is 43.6% below this industry median. Based on the distribution chart, Halliburton Co ranks #583 out of 867 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Halliburton Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Halliburton Co's Gross Margin % compare to FTI and WFRD?
According to the Oil & Gas industry distribution chart, Halliburton Co ranks #583 out of 867 companies for Gross Margin %. This places Halliburton Co in the lower half of its industry. The industry median Gross Margin % is 25.70. Halliburton Co's value of 14.49% is 43.6% below this benchmark. Historically, Halliburton Co's own Gross Margin % has ranged from 5.48 to 18.94 over the past decade. While the company's 10-year median is 12.81 vs. the industry median of 25.70, Halliburton Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 867 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Halliburton Co's current Gross Margin % of 14.49% is 43.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Halliburton Co and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halliburton Co's current Gross Margin % is 14.49%, which is 13% above median its own 10-year median of 12.81. 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 (HAL) is currently considered Fairly Valued. The stock's GF Value™ is $33.36, compared to a current price of $34.67 — trading 3.9% above its estimated fair value. The current Gross Margin % is 14.49%, which is 13% above median its 10-year median of 12.81 and 43.6% below the Oil & Gas industry median of 25.70. Halliburton Co's overall GF Score™ is 73/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Halliburton Co (HAL), the current Gross Margin % is 14.49% 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 (HAL) Overvalued in 2026?
Based on GuruFocus' analysis, Halliburton Co stock appears to be overvalued.
The current stock price of $34.67 is trading 3.9% above its estimated GF Value™ of $33.36.
GuruFocus considers Halliburton Co to be Fairly Valued.
Key valuation signals for HAL:
Gross Margin %: 14.49% (13% above median its 10-year median of 12.81)
GF Value™: $33.36 vs. price of $34.67 (3.9% above fair value)
Industry Position: 43.6% below the Oil & Gas median (#583 of 867)
No single metric tells the full story. See the HAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
73GF Score
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