Halliburton Co
Halliburton Co returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 12.97% | — | 14.89% | 6.26% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 12.87% | — | 14.56% | 6.12% | — |
| FY 2025 Q4 | Dec 31, 2025 | 10.66% | 11.6% | — | 12.24% | 5.07% | 3 pp |
| FY 2025 Q3 | Sep 30, 2025 | — | 12.52% | — | 12.77% | 5.18% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 15.14% | — | 18.16% | 7.37% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 16.91% | — | 20.99% | 8.42% | — |
| FY 2024 Q4 | Dec 31, 2024 | 19.64% | 19.8% | -38.81% | 25.14% | 9.95% | 11.9 pp |
| FY 2024 Q3 | Sep 30, 2024 | — | 20.3% | — | 26.2% | 10.23% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 21.48% | — | 28.8% | 10.94% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 21.76% | — | 28.73% | 10.74% | — |
| FY 2023 Q4 | Dec 31, 2023 | 22.79% | 22.08% | 95.16% | 30.43% | 11.01% | 15.1 pp |
| FY 2023 Q3 | Sep 30, 2023 | — | 21.85% | — | 31.4% | 11.2% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 20.93% | — | 31.11% | 10.58% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 17.64% | — | 25.4% | 8.58% | — |
| FY 2022 Q4 | Dec 31, 2022 | 15.51% | 15.07% | — | 21.44% | 6.9% | 7.8 pp |
| FY 2022 Q3 | Sep 30, 2022 | — | 13.16% | — | 26.16% | 7.98% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 10.98% | — | 22.82% | 6.6% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 11.42% | — | 25.44% | 7.27% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | 10.5% | — | 24.93% | 6.78% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | 6.78% | — | 7.32% | 1.9% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 5.06% | — | 2.73% | 0.69% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | -8.56% | — | -29.3% | -7.96% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | -13.25% | — | -45.36% | -12.79% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | -20.45% | — | -58.39% | -18.31% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | -18.48% | — | -55.13% | -16.88% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | -6.83% | — | -27.99% | -9.09% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | -2.15% | — | -12.9% | -4.4% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | 8.45% | — | 12.66% | 4.51% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 9.36% | — | 14.47% | 5.04% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 11.75% | — | 19.61% | 6.75% | — |
| FY 2018 Q4 | Dec 31, 2018 | 12.9% | 11.92% | — | 18.56% | 6.49% | 5.2 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 10.66% | — | 1.84% | 0.65% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 10.29% | — | 1.1% | 0.38% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 7.33% | — | -4.45% | -1.54% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 6.31% | — | -5.22% | -1.78% | — |
| FY 2017 Q3 | Sep 30, 2017 | 4.34% | 4.68% | — | 2.24% | 0.81% | -3.4 pp |
| FY 2017 Q2 | Jun 30, 2017 | — | 2.38% | — | -1.58% | -0.55% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | -14.7% | — | -30.8% | -11.5% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | -24.85% | — | -46.34% | -18.03% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | -28.3% | — | -44.9% | -19.8% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | -27.96% | — | -44.86% | -19.55% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | -10.35% | — | -17.06% | -7.56% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | -0.57% | — | -4.23% | -1.94% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | 4.17% | — | 1.67% | 0.83% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 10.41% | — | 10.02% | 4.96% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 14.35% | — | 15.25% | 7.47% | — |
| FY 2014 Q4 | Dec 31, 2014 | 18.18% | 20.16% | 47.7% | 23.45% | 11.39% | 10.5 pp |
| FY 2014 Q3 | Sep 30, 2014 | — | 20.22% | — | 23.99% | 11.4% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 18.49% | — | 19.37% | 10% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 17.77% | — | 18.79% | 9.71% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | 13.39% | — | 14.48% | 7.5% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | 13.25% | — | 14.32% | 7.38% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 12.89% | — | 12.7% | 7.16% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 14.01% | — | 13.47% | 7.6% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | 19.7% | — | 18.2% | 10.32% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 23.47% | — | 20.87% | 12.09% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 26.3% | — | 22.56% | 12.97% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 27.15% | — | 23.86% | 13.54% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | 26.99% | — | 24.09% | 13.53% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | 26.45% | — | 22.87% | 12.88% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 24.33% | — | 22.85% | 12.8% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | 22.56% | — | 21.56% | 11.9% | — |
| FY 2010 Q4 | Dec 31, 2010 | 16.98% | 20.62% | 42.35% | 19.21% | 10.54% | 9.3 pp |
| FY 2010 Q3 | Sep 30, 2010 | — | 16.93% | — | 16.02% | 8.53% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | 14.98% | — | 13.49% | 7.06% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · HAL, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.