Halliburton Company (HAL) — Capital Reinvestment Ratio
Halliburton Company (HAL) has a Capital Reinvestment Ratio of 0.29x as of June 2026, meaning it reinvests 0% of its operating cash flow ($824.00 Million) in capital expenditures ($235.00 Million). Check Halliburton Company tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Halliburton Company Capital Reinvestment Ratio (1989–2025)
This chart tracks Halliburton Company's Capital Reinvestment Ratio across 35 annual periods. For the full cash flow conversion analysis, see HAL cash generation efficiency.
Annual Capital Reinvestment Ratio for Halliburton Company (1989–2025)
Year-by-year Capital Reinvestment Ratio for Halliburton Company from 1989 to 2025. See HAL free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.43x | $2.93 Billion | $1.25 Billion | ▲ +14.9% |
| 2024 | 0.37x | $3.87 Billion | $1.44 Billion | ▼ -6.4% |
| 2023 | 0.40x | $3.46 Billion | $1.38 Billion | ▼ -11.6% |
| 2022 | 0.45x | $2.24 Billion | $1.01 Billion | ▲ +7.9% |
| 2021 | 0.42x | $1.91 Billion | $799.00 Million | ▲ +8.0% |
| 2020 | 0.39x | $1.88 Billion | $728.00 Million | ▼ -38.2% |
| 2019 | 0.63x | $2.44 Billion | $1.53 Billion | ▼ -2.5% |
| 2018 | 0.64x | $3.16 Billion | $2.03 Billion | ▲ +15.4% |
| 2017 | 0.56x | $2.47 Billion | $1.37 Billion | ▼ -26.0% |
| 2015 | 0.75x | $2.91 Billion | $2.18 Billion | ▼ -7.0% |
| 2014 | 0.81x | $4.06 Billion | $3.28 Billion | ▲ +22.5% |
| 2013 | 0.66x | $4.45 Billion | $2.93 Billion | ▼ -32.4% |
| 2012 | 0.98x | $3.65 Billion | $3.57 Billion | ▲ +21.8% |
| 2011 | 0.80x | $3.68 Billion | $2.95 Billion | ▼ -14.3% |
| 2010 | 0.94x | $2.21 Billion | $2.07 Billion | ▲ +20.7% |
| 2009 | 0.77x | $2.41 Billion | $1.86 Billion | ▼ -16.3% |
| 2008 | 0.93x | $2.67 Billion | $2.48 Billion | ▲ +59.5% |
| 2007 | 0.58x | $2.73 Billion | $1.58 Billion | ▲ +138.3% |
| 2006 | 0.24x | $3.66 Billion | $891.00 Million | ▼ -73.8% |
| 2005 | 0.93x | $701.00 Million | $651.00 Million | ▲ +49.9% |
| 2004 | 0.62x | $928.00 Million | $575.00 Million | ▲ +26.7% |
| 2002 | 0.49x | $1.56 Billion | $764.00 Million | ▲ +40.7% |
| 2001 | 0.35x | $2.29 Billion | $797.00 Million | ▼ -53.7% |
| 2000 | 0.75x | $769.00 Million | $578.00 Million | ▼ -71.1% |
| 1999 | 2.60x | $233.00 Million | $606.00 Million | ▲ +23.7% |
| 1998 | 2.10x | $454.10 Million | $954.70 Million | ▲ +99.7% |
| 1997 | 1.05x | $548.20 Million | $577.10 Million | ▲ +20.2% |
| 1996 | 0.88x | $452.00 Million | $395.70 Million | ▲ +90.7% |
| 1995 | 0.46x | $632.00 Million | $290.10 Million | ▼ -17.2% |
| 1994 | 0.55x | $443.40 Million | $245.70 Million | ▼ -45.4% |
| 1993 | 1.02x | $243.10 Million | $246.90 Million | ▲ +22.7% |
| 1992 | 0.83x | $381.60 Million | $315.90 Million | ▼ -44.4% |
| 1991 | 1.49x | $286.20 Million | $425.90 Million | ▼ -35.5% |
| 1990 | 2.31x | $146.70 Million | $338.30 Million | ▲ +288.2% |
| 1989 | 0.59x | $412.10 Million | $244.80 Million | — |