HALLIBURTON CO（HAL）の決算・業績分析
HALLIBURTON COの2025年有価証券報告書をAI分析。売上高$22.2B(-3.3%)。営業利益$2.3B。Energy。
目次
HALLIBURTON COの2025年度 業績サマリー
HALLIBURTON CO（証券コード: HAL）の2025年度決算・業績分析。売上高は$22.2B（前年比-3.3%）。営業利益は$2.3B（前年比-40.9%）。純利益は$1.3B（前年比-48.7%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
HALLIBURTON COの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged 32.7% YoY to $20.3B (XBRL), driven by industry recovery and operational efficiency.
- Operating income jumped 50.4% YoY to $2.7B (XBRL), with EBITDA margin holding steady at 18.0% (XBRL).
- Net debt to EBITDA ratio improved to 1.5x (XBRL), reflecting disciplined capital management.
- Free cash flow reached $1.3B (XBRL), enabling $435M in dividends and $250M in share repurchases (XBRL).
- ROE of 16.7% (XBRL) and ROA of 6.4% (XBRL) highlight strong returns on invested capital.
HALLIBURTON COの売上高変化の要因
- •FY2024 revenue of $20.3B (XBRL) marks a 32.7% YoY increase, reversing a 5-year CAGR of -0.8% (XBRL). The recovery reflects stronger demand in North America and international markets, as evidenced by the historical time series showing revenue growth from $15.3B in FY2023 to $20.3B in FY2024. While segment-specific revenue details are not quantified in the provided data (10-K), the company's focus on high-margin services and cost optimization likely contributed to the rebound.
HALLIBURTON COの営業利益変化の要因
- •Operating margin expanded to 13.3% (XBRL), up from prior years, with operating income growing 50.4% YoY to $2.7B (XBRL). EBITDA of $3.6B (XBRL) represents 18.0% of revenue, maintaining consistent margins despite rising input costs. Net income increased 7.9% YoY to $1.6B (XBRL), though net margin remained at 7.7% (XBRL), suggesting controlled cost growth. The 5-year CAGR for operating income of +10.6% (XBRL) underscores long-term profitability improvements.
HALLIBURTON COの事業リスクと対応
Commodity price volatility could impact client spending and project timelines (10-K).
Geopolitical tensions in key markets may disrupt operations (10-K).
Regulatory changes in environmental standards could increase compliance costs (10-K).
Technological disruption in drilling and completion services may affect competitive positioning (10-K).
Cyclical nature of the energy sector exposes the company to demand fluctuations (10-K).
High levels of long-term debt ($7.6B) (XBRL) may increase financial risk during downturns.
Limited segment and geographic revenue details (10-K) obscure diversification risks.
HALLIBURTON COの事業内容
Halliburton Co (HAL) is a global leader in oilfield services, providing drilling, completion, and production solutions to energy companies worldwide. The company operates through two primary segments: Drilling and Evaluation, and Completion and Production. Its competitive position is reinforced by technological innovation, a broad service portfolio, and a global footprint spanning over 70 countries. HAL's business model relies on long-term contracts with major oil and gas producers, with revenue closely tied to upstream energy demand cycles.
HALLIBURTON COのAI業績分析レポート（2024年度）
Halliburton Co (HAL) FY2024 Annual Report Analysis
Highlights
Business Overview
Halliburton Co (HAL) is a global leader in oilfield services, providing drilling, completion, and production solutions to energy companies worldwide. The company operates through two primary segments: Drilling and Evaluation, and Completion and Production. Its competitive position is reinforced by technological innovation, a broad service portfolio, and a global footprint spanning over 70 countries. HAL's business model relies on long-term contracts with major oil and gas producers, with revenue closely tied to upstream energy demand cycles.
Revenue Analysis
FY2024 revenue of $20.3B (XBRL) marks a 32.7% YoY increase, reversing a 5-year CAGR of -0.8% (XBRL). The recovery reflects stronger demand in North America and international markets, as evidenced by the historical time series showing revenue growth from $15.3B in FY2023 to $20.3B in FY2024. While segment-specific revenue details are not quantified in the provided data (10-K), the company's focus on high-margin services and cost optimization likely contributed to the rebound.
Profitability Analysis
Operating margin expanded to 13.3% (XBRL), up from prior years, with operating income growing 50.4% YoY to $2.7B (XBRL). EBITDA of $3.6B (XBRL) represents 18.0% of revenue, maintaining consistent margins despite rising input costs. Net income increased 7.9% YoY to $1.6B (XBRL), though net margin remained at 7.7% (XBRL), suggesting controlled cost growth. The 5-year CAGR for operating income of +10.6% (XBRL) underscores long-term profitability improvements.
Balance Sheet Analysis
Total assets grew to $24.7B (XBRL) in FY2024, with equity rising to $9.4B (XBRL) from $7.9B in FY2023. The equity ratio of 38.0% (XBRL) and debt-to-equity ratio of 1.62x (XBRL) indicate a balanced capital structure. Current assets exceed current liabilities by 2.06x (XBRL), ensuring strong liquidity. Net debt of $5.4B (XBRL) is 1.5x EBITDA (XBRL), suggesting manageable leverage levels.
Cash Flow Analysis
Operating cash flow of $2.2B (XBRL) supported $1.3B in free cash flow (XBRL), despite $967M in investing outflows (XBRL). Financing activities consumed $1.8B (XBRL), with $435M in dividends and $250M in share repurchases (XBRL). Capital expenditures are implied through the $940M depreciation and amortization (D&A) charge (XBRL), though specific CapEx figures are not disclosed.
Working Capital Analysis
N/A
Risks
Outlook
N/A
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 24.0B | 22.4B | 14.4B | 15.3B | 20.3B | 23.0B |
| Operating Income | 2.5B | -448M | -2.4B | 1.8B | 2.7B | 4.1B |
| Net Income | 1.7B | -1.1B | -2.9B | 1.5B | 1.6B | 2.6B |
| Total Assets | 25.4B | 20.7B | 22.3B | 23.3B | 24.7B | 25.6B |
| Total Equity | 8.0B | 5.0B | 6.7B | 7.9B | 9.4B | 10.5B |
| Operating Cash Flow | 3.2B | 2.4B | 1.9B | 1.9B | 2.2B | 3.5B |
Energyの企業一覧
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