Halliburton Company (HAL) - Net Assets
Based on the latest financial reports, Halliburton Company (HAL) has net assets worth $10.51 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.01 Billion) and total liabilities ($14.51 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Halliburton Company liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $10.51 Billion |
| % of Total Assets | 42.0% |
| Annual Growth Rate | 3.31% |
| 5-Year Change | 56.14% |
| 10-Year Change | 11.48% |
| Growth Volatility | 23.11 |
Halliburton Company - Net Assets Trend (1985–2025)
This chart illustrates how Halliburton Company's net assets have evolved over time, based on quarterly financial data. Also explore Halliburton Company (HAL) total assets for the complete picture of this company's asset base.
Annual Net Assets for Halliburton Company (1985–2025)
The table below shows the annual net assets of Halliburton Company from 1985 to 2025. For live valuation and market cap data, see Halliburton Company market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $10.51 Billion | -0.41% |
| 2024-12-31 | $10.55 Billion | +11.82% |
| 2023-12-31 | $9.43 Billion | +18.25% |
| 2022-12-31 | $7.98 Billion | +18.56% |
| 2021-12-31 | $6.73 Billion | +35.02% |
| 2020-12-31 | $4.98 Billion | -37.91% |
| 2019-12-31 | $8.03 Billion | -15.92% |
| 2018-12-31 | $9.54 Billion | +14.31% |
| 2017-12-31 | $8.35 Billion | -11.40% |
| 2016-12-31 | $9.42 Billion | -39.19% |
| 2015-12-31 | $15.49 Billion | -4.93% |
| 2014-12-31 | $16.30 Billion | +19.71% |
| 2013-12-31 | $13.62 Billion | -13.77% |
| 2012-12-31 | $15.79 Billion | +19.48% |
| 2011-12-31 | $13.22 Billion | +27.24% |
| 2010-12-31 | $10.39 Billion | +18.61% |
| 2009-12-31 | $8.76 Billion | +13.08% |
| 2008-12-31 | $7.74 Billion | +11.26% |
| 2007-12-31 | $6.96 Billion | -11.03% |
| 2006-12-31 | $7.82 Billion | +20.04% |
| 2005-12-31 | $6.52 Billion | +61.31% |
| 2004-12-31 | $4.04 Billion | +52.63% |
| 2003-12-31 | $2.65 Billion | -27.06% |
| 2002-12-31 | $3.63 Billion | -24.29% |
| 2001-12-31 | $4.79 Billion | +20.85% |
| 2000-12-31 | $3.97 Billion | -10.68% |
| 1999-12-31 | $4.44 Billion | +4.93% |
| 1998-12-31 | $4.23 Billion | +62.47% |
| 1997-12-31 | $2.60 Billion | +20.62% |
| 1996-12-31 | $2.16 Billion | +23.40% |
| 1995-12-31 | $1.75 Billion | -10.15% |
| 1994-12-31 | $1.95 Billion | +2.97% |
| 1993-12-31 | $1.89 Billion | -1.46% |
| 1992-12-31 | $1.92 Billion | -12.09% |
| 1991-12-31 | $2.18 Billion | -3.71% |
| 1990-12-31 | $2.27 Billion | +5.68% |
| 1989-12-31 | $2.15 Billion | +1.81% |
| 1988-12-31 | $2.11 Billion | +1.23% |
| 1987-12-31 | $2.08 Billion | -3.20% |
| 1986-12-31 | $2.15 Billion | -24.76% |
| 1985-12-31 | $2.86 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Halliburton Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 443.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $15.04 Billion | 143.73% |
| Common Stock | $2.66 Billion | 25.42% |
| Other Comprehensive Income | $-363.00 Million | -3.47% |
| Total Equity | $10.46 Billion | 100.00% |
Halliburton Company Competitors by Market Cap
The table below lists competitors of Halliburton Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of Communications Co. Ltd
F:C4C
|
$31.71 Billion |
|
Honda Motor Co Ltd ADR
NYSE:HMC
|
$31.76 Billion |
|
SUMITOMO CORP. SP. ADR 1
F:SUMB
|
$31.83 Billion |
|
FUJITSU LTD. ADR 5/1
F:FUJA
|
$31.87 Billion |
|
VOLKSWAGEN ADR 1/10/O.N.
F:VOWA
|
$31.57 Billion |
|
Advanced Info Service Public Company Limited
BK:ADVANC
|
$31.52 Billion |
|
Baidu Inc
F:B1C
|
$31.47 Billion |
|
Foshan Haitian Flavouring and Food Co Ltd
SHG:603288
|
$31.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Halliburton Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,506,000,000 to 10,461,000,000, a change of -45,000,000 (-0.4%).
- Net income of 1,283,000,000 contributed positively to equity growth.
- Dividend payments of 579,000,000 reduced retained earnings.
- Share repurchases of 1,007,000,000 reduced equity.
- New share issuances of 98,000,000 increased equity.
- Other comprehensive income decreased equity by 10,000,000.
- Other factors increased equity by 170,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.28 Billion | +12.26% |
| Dividends Paid | $579.00 Million | -5.53% |
| Share Repurchases | $1.01 Billion | -9.63% |
| Share Issuances | $98.00 Million | +0.94% |
| Other Comprehensive Income | $-10.00 Million | -0.1% |
| Other Changes | $170.00 Million | +1.63% |
| Total Change | $- | -0.43% |
Book Value vs Market Value Analysis
This analysis compares Halliburton Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.35x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.98x to 3.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $6.97 | $41.66 | x |
| 1986-12-31 | $5.07 | $41.66 | x |
| 1987-12-31 | $4.98 | $41.66 | x |
| 1988-12-31 | $5.11 | $41.66 | x |
| 1989-12-31 | $4.99 | $41.66 | x |
| 1990-12-31 | $4.72 | $41.66 | x |
| 1991-12-31 | $4.07 | $41.66 | x |
| 1992-12-31 | $4.38 | $41.66 | x |
| 1993-12-31 | $3.58 | $41.66 | x |
| 1994-12-31 | $4.25 | $41.66 | x |
| 1995-12-31 | $3.52 | $41.66 | x |
| 1996-12-31 | $4.13 | $41.66 | x |
| 1997-12-31 | $5.03 | $41.66 | x |
| 1998-12-31 | $4.82 | $41.66 | x |
| 1999-12-31 | $4.84 | $41.66 | x |
| 2000-12-31 | $4.40 | $41.66 | x |
| 2001-12-31 | $5.53 | $41.66 | x |
| 2002-12-31 | $4.12 | $41.66 | x |
| 2003-12-31 | $2.91 | $41.66 | x |
| 2004-12-31 | $4.46 | $41.66 | x |
| 2005-12-31 | $6.14 | $41.66 | x |
| 2006-12-31 | $7.00 | $41.66 | x |
| 2007-12-31 | $7.23 | $41.66 | x |
| 2008-12-31 | $8.55 | $41.66 | x |
| 2009-12-31 | $9.68 | $41.66 | x |
| 2010-12-31 | $11.40 | $41.66 | x |
| 2011-12-31 | $14.33 | $41.66 | x |
| 2012-12-31 | $17.02 | $41.66 | x |
| 2013-12-31 | $15.09 | $41.66 | x |
| 2014-12-31 | $19.13 | $41.66 | x |
| 2015-12-31 | $18.13 | $41.66 | x |
| 2016-12-31 | $10.90 | $41.66 | x |
| 2017-12-31 | $9.57 | $41.66 | x |
| 2018-12-31 | $10.86 | $41.66 | x |
| 2019-12-31 | $9.16 | $41.66 | x |
| 2020-12-31 | $5.65 | $41.66 | x |
| 2021-12-31 | $7.53 | $41.66 | x |
| 2022-12-31 | $8.75 | $41.66 | x |
| 2023-12-31 | $10.41 | $41.66 | x |
| 2024-12-31 | $11.90 | $41.66 | x |
| 2025-12-31 | $12.45 | $41.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Halliburton Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.26%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.78%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 2.39x
- Recent ROE (12.26%) is above the historical average (6.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 1.00% | 0.60% | 1.03x | 1.63x | $-257.09 Million |
| 1986 | -23.96% | -14.68% | 1.05x | 1.55x | $-730.22 Million |
| 1987 | 2.31% | 1.43% | 1.03x | 1.57x | $-160.05 Million |
| 1988 | 4.01% | 1.73% | 1.04x | 2.24x | $-126.12 Million |
| 1989 | 6.31% | 2.36% | 1.33x | 2.01x | $-78.21 Million |
| 1990 | 8.79% | 2.85% | 1.52x | 2.02x | $-27.29 Million |
| 1991 | 1.23% | 0.38% | 1.40x | 2.32x | $-189.86 Million |
| 1992 | -7.20% | -2.10% | 1.38x | 2.48x | $-328.03 Million |
| 1993 | -8.53% | -2.54% | 1.18x | 2.86x | $-349.77 Million |
| 1994 | 9.15% | 3.10% | 1.09x | 2.71x | $-16.42 Million |
| 1995 | 10.50% | 3.12% | 1.61x | 2.08x | $8.72 Million |
| 1996 | 25.84% | 4.00% | 3.14x | 2.05x | $341.98 Million |
| 1997 | 29.87% | 4.74% | 2.90x | 2.17x | $513.53 Million |
| 1998 | -0.35% | -0.08% | 1.56x | 2.63x | $-437.84 Million |
| 1999 | 10.22% | 3.56% | 1.15x | 2.50x | $9.30 Million |
| 2000 | 12.75% | 4.19% | 1.18x | 2.57x | $108.20 Million |
| 2001 | 17.02% | 6.20% | 1.19x | 2.31x | $333.80 Million |
| 2002 | -28.05% | -7.94% | 0.98x | 3.61x | $-1.35 Billion |
| 2003 | -32.19% | -5.04% | 1.05x | 6.07x | $-1.07 Billion |
| 2004 | -24.90% | -4.92% | 1.26x | 4.02x | $-1.37 Billion |
| 2005 | 37.01% | 23.35% | 0.67x | 2.36x | $1.72 Billion |
| 2006 | 31.83% | 18.12% | 0.77x | 2.28x | $1.61 Billion |
| 2007 | 50.96% | 22.92% | 1.16x | 1.91x | $2.81 Billion |
| 2008 | 28.79% | 12.17% | 1.27x | 1.86x | $1.45 Billion |
| 2009 | 13.12% | 7.80% | 0.89x | 1.89x | $272.20 Million |
| 2010 | 17.67% | 10.21% | 0.98x | 1.76x | $796.30 Million |
| 2011 | 21.48% | 11.43% | 1.05x | 1.79x | $1.52 Billion |
| 2012 | 16.69% | 9.24% | 1.04x | 1.74x | $1.06 Billion |
| 2013 | 15.61% | 7.23% | 1.01x | 2.15x | $763.50 Million |
| 2014 | 21.48% | 10.65% | 1.02x | 1.98x | $1.87 Billion |
| 2015 | -4.34% | -2.84% | 0.64x | 2.39x | $-2.22 Billion |
| 2016 | -61.41% | -36.27% | 0.59x | 2.88x | $-6.70 Billion |
| 2017 | -5.56% | -2.25% | 0.82x | 3.01x | $-1.30 Billion |
| 2018 | 17.39% | 6.90% | 0.92x | 2.73x | $703.80 Million |
| 2019 | -14.12% | -5.05% | 0.88x | 3.17x | $-1.93 Billion |
| 2020 | -59.21% | -20.39% | 0.70x | 4.16x | $-3.44 Billion |
| 2021 | 21.70% | 9.53% | 0.69x | 3.33x | $785.70 Million |
| 2022 | 19.78% | 7.74% | 0.87x | 2.93x | $777.20 Million |
| 2023 | 28.09% | 11.46% | 0.93x | 2.63x | $1.70 Billion |
| 2024 | 23.81% | 10.90% | 0.90x | 2.44x | $1.45 Billion |
| 2025 | 12.26% | 5.78% | 0.89x | 2.39x | $236.90 Million |
Industry Comparison
This section compares Halliburton Company's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $4,027,366,900
- Average return on equity (ROE) among peers: 0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Halliburton Company (HAL) | $10.51 Billion | 1.00% | 1.38x | $31.57 Billion |
| ProFrac Holding Corp. (ACDC) | $176.81 Million | -1.24% | 2.26x | $980.32 Million |
| Atlas Energy Solutions Inc. (AESI) | $338.70 Million | 1.26% | 0.61x | $1.64 Billion |
| Archrock Inc (AROC) | $722.86 Million | 4.64% | 1.69x | $6.33 Billion |
| Baker Hughes Co (BKR) | $35.01 Billion | 0.56% | 0.50x | $62.90 Billion |
| ChampionX Corporation (CHX) | $1.64 Billion | 6.75% | 0.16x | $4.94 Billion |
| Core Laboratories NV (CLB) | $47.60 Million | 16.18% | 0.67x | $655.15 Million |
| Drilling Tools International Corp. (DTI) | $49.10 Million | 42.93% | 1.14x | $76.38 Million |
| Dawson Geophysical Company (DWSN) | $48.80 Million | -38.20% | 0.41x | $62.41 Million |
| Enerflex Ltd. (EFXT) | $1.21 Billion | 8.14% | 0.88x | $2.57 Billion |
| Forum Energy Technologies Inc (FET) | $1.03 Billion | -36.31% | 0.78x | $597.54 Million |
About Halliburton Company
Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that… Read more