Halliburton CoHAL +2.27%73 Pretax Margin % is 10.53% as of Mar. 2026, which is 36% above its 10-year median of 7.77. 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 916 Oil & Gas companies, Halliburton Co ranks better than 61.68% on this metric.
The historical rank and industry rank for Halliburton Co's Pretax Margin % or its related term are showing as below:
HAL'
s Pretax Margin % Range Over the Past 10 Years
Min: -48 Med: 7.77 Max: 14.61
Current: 9.18
HAL's Pretax Margin % is ranked better than 61.68% of 916
companies
in the Oil & Gas industry
Industry Median: 5.165
vs HAL: 9.18
Halliburton Co (NYSE:HAL) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Halliburton Co Pretax Margin % Related Terms
Halliburton Co Pretax Margin % Historical Data
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The historical data trend for Halliburton Co's Pretax 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 Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Halliburton Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Halliburton Co's Pretax 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.
Halliburton Co (HAL) has a Pretax Margin % of 10.53% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Halliburton Co and its competitors. This is 36% above median its historical median of 7.77. According to the industry distribution chart, Halliburton Co ranks #351 out of 916 companies in the Oil & Gas industry, placing it in the top 38.3%.
Is Halliburton Co's Pretax Margin % too high?
Halliburton Co's current Pretax Margin % of 10.53% is 36% above median its 10-year median of 7.77. The Oil & Gas industry median Pretax Margin % is 5.17. Halliburton Co's value of 10.53% is 103.9% above this industry median. Based on the distribution chart, Halliburton Co ranks #351 out of 916 companies in the Oil & Gas industry, which is above 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 Pretax Margin % compare to FTI and WFRD?
According to the Oil & Gas industry distribution chart, Halliburton Co ranks #351 out of 916 companies for Pretax Margin %. This puts Halliburton Co in the upper half of its industry. The industry median Pretax Margin % is 5.17. Halliburton Co's value of 10.53% is 103.9% above this benchmark. While the company's 10-year median is 7.77 vs. the industry median of 5.17, Halliburton Co has consistently been above 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 Pretax Margin % for an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.17, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Halliburton Co's current Pretax Margin % of 10.53% is 103.9% above 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Halliburton Co and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halliburton Co's current Pretax Margin % is 10.53%, which is 36% above median its own 10-year median of 7.77. 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 Pretax Margin % is 10.53%, which is 36% above median its 10-year median of 7.77 and 103.9% above the Oil & Gas industry median of 5.17. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Halliburton Co (HAL), the current Pretax Margin % is 10.53% 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:
Pretax Margin %: 10.53% (36% above median its 10-year median of 7.77)
GF Value™: $33.36 vs. price of $34.67 (3.9% above fair value)
Industry Position: 103.9% above the Oil & Gas median (#351 of 916)
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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