Halliburton Company (HAL) Return on Invested Capital (ROIC): 8.38%
Is Halliburton Company’s return on invested capital (ROIC) high or low?
Halliburton Company's return on invested capital (ROIC) of 8.38% is in line with its 5-year average of 8.00%, near the high end of its 5-year range (-12.94%–16.71%).
As of Wednesday, June 24, 2026. 27.38% below its 12-month average of 11.54%.
HAL Return on Invested Capital (ROIC) Chart
Reported annual fiscal-period values; no daily interpolation.
HAL Average Return on Invested Capital (ROIC) Chart
HAL Current vs Average Return on Invested Capital (ROIC) Chart
HAL Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
8.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
11.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
13.00%
CURRENT VS TTM AVG
-27.38%
CURRENT VS 3Y AVG
-34.36%
CURRENT VS 5Y AVG
+4.77%
CURRENT VS 10Y AVG
+211.21%
CURRENT VS 15Y AVG
+34.79%
CURRENT VS 20Y AVG
-35.53%
HAL Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Halliburton Company (HAL) | $29.33B | 8.38% | 11.54% | 12.77% | 8.00% |
| Tenaris S.A. (TS)vs › | $31.14B | 10.12% | 10.43% | 14.13% | 9.32% |
| EQT Corporation (EQT)vs › | $32.31B | 6.18% | 3.92% | 6.66% | 2.88% |
| Coterra Energy Inc. (CTRA)vs › | $24.72B | 8.00% | 6.80% | 10.87% | 9.26% |
| Expand Energy Corporation (EXE)vs › | $21.20B | 6.38% | 1.84% | 12.91% | -13.44% |
| APA Corporation (APA)vs › | $12.10B | 9.96% | 12.00% | 21.17% | 17.07% |
| Cameco Corporation (CCJ)vs › | $47.43B | 4.77% | 4.28% | 2.75% | 1.34% |
| Antero Midstream Corporation (AM)vs › | $10.55B | 8.18% | 8.25% | 7.88% | 6.27% |
| Occidental Petroleum Corporation (OXY)vs › | $51.95B | 3.15% | 4.32% | 8.73% | 6.32% |
| Weatherford International plc (WFRD)vs › | $6.43B | 16.68% | 18.24% | 15.59% | 4.98% |
Capital Efficiency
ROIC
8.4%
ROE
14.2%
Halliburton Company Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Halliburton Company Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Halliburton Company (HAL)?
- The return on invested capital (ROIC) for HAL stock is 8.38%.
- Is Halliburton Company's return on invested capital (ROIC) high or low?
- Halliburton Company's return on invested capital (ROIC) of 8.38% is in line with its 5-year average of 8.00%, near the high end of its 5-year range (-12.94%–16.71%).
- What is the TTM average return on invested capital (ROIC) for Halliburton Company (HAL)?
- The TTM average return on invested capital (ROIC) for HAL stock is 11.54%.
- What is the 3Y average return on invested capital (ROIC) for Halliburton Company (HAL)?
- The 3Y average return on invested capital (ROIC) for HAL stock is 12.77%.
- What is the 5Y average return on invested capital (ROIC) for Halliburton Company (HAL)?
- The 5Y average return on invested capital (ROIC) for HAL stock is 8.00%.
- What is the 10Y average return on invested capital (ROIC) for Halliburton Company (HAL)?
- The 10Y average return on invested capital (ROIC) for HAL stock is 2.69%.
- What is the 15Y average return on invested capital (ROIC) for Halliburton Company (HAL)?
- The 15Y average return on invested capital (ROIC) for HAL stock is 6.22%.
- What is the 20Y average return on invested capital (ROIC) for Halliburton Company (HAL)?
- The 20Y average return on invested capital (ROIC) for HAL stock is 13.00%.
Halliburton Company Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 8.38% |
| 2024-12-31 | 14.70% |
| 2023-12-31 | 16.71% |
| 2022-12-31 | 11.28% |
| 2021-12-31 | 9.86% |
| 2020-12-31 | -12.94% |
| 2019-12-31 | -2.16% |
| 2018-12-31 | 10.62% |
| 2017-12-31 | -4.36% |
| 2016-12-31 | -22.12% |
| 2015-12-31 | -0.35% |
| 2014-12-31 | 13.91% |
| 2013-12-31 | 13.09% |
| 2012-12-31 | 13.32% |
| 2011-12-31 | 16.39% |
| 2010-12-31 | 13.14% |
| 2009-12-31 | 9.58% |
| 2008-12-31 | 23.63% |
| 2007-12-31 | 23.72% |
| 2006-12-31 | 18.34% |
| 2005-12-31 | 19.81% |
| 2004-12-31 | 5.72% |
| 2003-12-31 | 4.96% |
| 2002-12-31 | -1.13% |
| 2001-12-31 | 7.91% |
| 2000-12-31 | 3.66% |
| 1999-12-31 | 2.93% |
| 1998-12-31 | -46.41% |
| 1997-12-31 | 17.77% |
| 1996-12-31 | 22.98% |
Related Metrics
About Halliburton Company
Halliburton Company (HAL) is a global supplier of products and services tailored for the energy sector. Its operations are structured into two primary divisions: Completion and Production, and Drilling and Evaluation. The Completion and Production segment focuses on enhancing well output through techniques like stimulation and sand control. It provides cementing services for well integrity, including casing and bonding, alongside a range of specialized downhole completion tools such as intelligent well systems, liner hangers, and multilateral solutions. This segment also supports production with offerings like coiled tubing, hydraulic workover units, pumping, and nitrogen services, in addition to managing pipeline and process services from initial setup (pre-commissioning, commissioning) through ongoing maintenance and eventual retirement (decommissioning). Furthermore, it supplies electrical submersible pumps and delivers artificial lift solutions. The Drilling and Evaluation segment offers a comprehensive suite of drilling fluids, including systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services. It also provides chemicals and associated services for oilfield completion, production, and downstream water and process treatment. This division includes advanced drilling systems, wireline and perforating services encompassing open-hole logging and cased-hole slickline operations, and a variety of drill bits (e.g., roller cone, fixed cutter), hole enlargement tools, and coring services. Moreover, it leverages cloud-based digital services and artificial intelligence on an open architecture to deliver subsurface insights, streamline well construction, and optimize reservoir and production management. Specialized testing and subsea services are also offered for reservoir information analysis and optimization strategies, alongside project management and integrated asset management services. Founded in 1919, Halliburton Company maintains its headquarters in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- CEO
- Jeffrey Allen Miller