PerpEquities

Equity

Halliburton Company (HAL) perpetual futures

HAL perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade HALUSDT.

Halliburton Company tracked across crypto venues with normalized contract specifications.

$33.11+0.5%NYSE closed
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venue perp mark · MEXC (HAL/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$83.4K
Open interest
$58.6K
Best liquidity
$12.3K
MEXC
Tightest spread
+63.4 bps
MEXC
Highest volume
$83.4K
MEXC
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $205.3M
OI / float
0.00%
Float $27.5B
Spot performance
1D+0.49%
5D-2.48%
1M-6.59%
6M-12.00%
YTD+16.81%
1Y+36.01%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradeHAL/USDTTrading$33.11-4.5% APR
-0.00410% every 8h
+63.4 bps$12.3K$83.4K$58.6KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

Too thin: MEXC

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

HAL

Tightest spread

HAL

Highest volume

HAL

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 2h ago
Market cap
$27.6B
Updated 2h ago
Revenue
$22.4B
Trailing 12 months
Revenue growth
+1%
Next fiscal year
Profit margin
+7.2%
P/E
17.3
Peer P/E 13.0
Free cash flow
$1.7B
Trailing 12 months
More metrics
Net income
$1.6B
Trailing 12 months
P/S
1.2
Peer P/E
13.0
Similar listed perps
Revenue estimate
$22.4B
Next fiscal year
Earnings
2026-10-20
Revenue est. $5.6B · Updated 2h ago
Dividend
$0.17
2026-09-02

Fundamental detail

Annual + quarterly
Latest revenue$22.2B
Net margin+5.8%
Free cash flow$1.7B
Net debt$5.9B
2020$14.4B
2021$15.3B
2022$20.3B
2023$23B
2024$22.9B
2025$22.2B
PeriodRevenueGrowthNet incomeFCF
2020$14.4B-36%-$2.9B$1.2B
2021$15.3B+6%$1.5B$1.1B
2022$20.3B+33%$1.6B$1.2B
2023$23B+13%$2.6B$2.1B
2024$22.9B0%$2.5B$2.4B
2025$22.2B-3%$1.3B$1.7B
PeriodGross marginOperating marginNet marginROEROA
2020+7.2%-16.9%-20.4%-59.2%-14.2%
2021+13.2%+11.8%+9.5%+21.7%+6.5%
2022+16.0%+13.3%+7.7%+19.8%+6.8%
2023+18.9%+17.7%+11.5%+28.1%+10.7%
2024+18.7%+16.7%+10.9%+23.8%+9.8%
2025+15.7%+10.2%+5.8%+12.3%+5.1%
PeriodCashDebtNet debtCurrent ratio
2020$2.6B$10.8B$8.3B2.14
2021$3B$10.2B$7.2B2.31
2022$2.3B$8.9B$6.6B2.05
2023$2.3B$8.8B$6.5B2.06
2024$2.6B$8.8B$6.2B2.05
2025$2.2B$8.1B$5.9B2.04
PeriodMarket capEnterprise valueP/SP/E
2020$16.7B$24.9B1.2-5.7
2021$20.4B$27.6B1.314.0
2022$35.6B$42.2B1.822.6
2023$32.5B$39B1.412.3
2024$24B$30.1B1.09.6
2025$23.7B$29.6B1.118.7
Q3 2024$5.7B
Q4 2024$5.6B
Q1 2025$5.4B
Q2 2025$5.5B
Q3 2025$5.6B
Q4 2025$5.7B
Q1 2026$5.4B
Q2 2026$5.7B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$5.7B-2%$571M$502M
Q4 2024$5.6B-2%$615M$1B
Q1 2025$5.4B-7%$204M$75M
Q2 2025$5.5B-6%$472M$542M
Q3 2025$5.6B-2%$18M$227M
Q4 2025$5.7B+1%$589M$828M
Q1 2026$5.4B0%$461M$81M
Q2 2026$5.7B+4%$534M$589M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+18.8%+15.3%+10.0%+5.5%+2.3%
Q4 2024+18.3%+16.6%+11.0%+5.9%+2.4%
Q1 2025+16.2%+8.0%+3.8%+2.0%+0.8%
Q2 2025+14.9%+13.2%+8.6%+4.5%+1.9%
Q3 2025+15.3%+6.4%+0.3%+0.2%+0.1%
Q4 2025+16.4%+13.2%+10.4%+5.6%+2.4%
Q1 2026+14.6%+12.6%+8.5%+4.3%+1.8%
Q2 2026+14.1%+13.6%+9.3%+4.9%+2.1%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$2.2B$8.7B$6.5B2.21
Q4 2024$2.6B$8.6B$6B2.05
Q1 2025$1.8B$8.6B$6.8B1.98
Q2 2025$2B$8.6B$6.5B2.00
Q3 2025$2B$8.6B$6.5B1.95
Q4 2025$2.2B$8.1B$5.9B2.04
Q1 2026$2B$8.1B$6.1B2.08
Q2 2026$2B$8.2B$6.2B2.02
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$25.6B$32.1B4.511.2
Q4 2024$23.8B$29.8B4.29.7
Q1 2025$22B$28.7B4.126.4
Q2 2025$17.6B$24.1B3.29.3
Q3 2025$20.9B$27.4B3.7290.1
Q4 2025$23.7B$29.6B4.210.1
Q1 2026$32.6B$38.7B6.017.7
Q2 2026$28.4B$34.5B5.013.3

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$5.7BQ2 2026
$1.5B$2.9B$4.4B$5.8BQ3 2023: $5.8BQ4 2023: $5.7BQ1 2024: $5.8BQ2 2024: $5.8BQ3 2024: $5.7BQ4 2024: $5.6BQ1 2025: $5.4BQ2 2025: $5.5BQ3 2025: $5.6BQ4 2025: $5.7BQ1 2026: $5.4BQ2 2026: $5.7BQ3 2023Q2 2026
Net income$534MQ2 2026
$179M$358M$537M$716MQ3 2023: $716MQ4 2023: $661MQ1 2024: $606MQ2 2024: $709MQ3 2024: $571MQ4 2024: $615MQ1 2025: $204MQ2 2025: $472MQ3 2025: $18MQ4 2025: $589MQ1 2026: $461MQ2 2026: $534MQ3 2023Q2 2026
EBITDA$1BQ2 2026
$351.3M$702.5M$1.1B$1.4BQ3 2023: $1.3BQ4 2023: $1.4BQ1 2024: $1.2BQ2 2024: $1.3BQ3 2024: $1.2BQ4 2024: $1.2BQ1 2025: $972MQ2 2025: $1BQ3 2025: $1BQ4 2025: $1.1BQ1 2026: $968MQ2 2026: $1BQ3 2023Q2 2026
Free cash flow$589MQ2 2026
$257.5M$515M$772.5M$1BQ3 2023: $465MQ4 2023: $1BQ1 2024: $157MQ2 2024: $734MQ3 2024: $502MQ4 2024: $1BQ1 2025: $75MQ2 2025: $542MQ3 2025: $227MQ4 2025: $828MQ1 2026: $81MQ2 2026: $589MQ3 2023Q2 2026
EPS$0.64Q2 2026
$0.2$0.4$0.6$0.8Q3 2023: $0.79Q4 2023: $0.74Q1 2024: $0.68Q2 2024: $0.8Q3 2024: $0.65Q4 2024: $0.7Q1 2025: $0.24Q2 2025: $0.55Q3 2025: $0.02Q4 2025: $0.7Q1 2026: $0.55Q2 2026: $0.64Q3 2023Q2 2026
Cash / Debt$2BQ2 2026
$2.2B$4.5B$6.7B$8.9BQ3 2023 · Cash: $2BQ3 2023 · Debt: $8.9BQ4 2023 · Cash: $2.3BQ4 2023 · Debt: $8.8BQ1 2024 · Cash: $1.9BQ1 2024 · Debt: $8.8BQ2 2024 · Cash: $2.1BQ2 2024 · Debt: $8.7BQ3 2024 · Cash: $2.2BQ3 2024 · Debt: $8.7BQ4 2024 · Cash: $2.6BQ4 2024 · Debt: $8.6BQ1 2025 · Cash: $1.8BQ1 2025 · Debt: $8.6BQ2 2025 · Cash: $2BQ2 2025 · Debt: $8.6BQ3 2025 · Cash: $2BQ3 2025 · Debt: $8.6BQ4 2025 · Cash: $2.2BQ4 2025 · Debt: $8.1BQ1 2026 · Cash: $2BQ1 2026 · Debt: $8.1BQ2 2026 · Cash: $2BQ2 2026 · Debt: $8.2BQ3 2023Q2 2026
CashDebt
Profitability+14.1%Q2 2026
+4.9%+9.9%+14.8%+19.7%Q3 2023 · Gross margin: +19.3%Q4 2023 · Gross margin: +19.7%Q1 2024 · Gross margin: +18.6%Q2 2024 · Gross margin: +19.3%Q3 2024 · Gross margin: +18.8%Q4 2024 · Gross margin: +18.3%Q1 2025 · Gross margin: +16.2%Q2 2025 · Gross margin: +14.9%Q3 2025 · Gross margin: +15.3%Q4 2025 · Gross margin: +16.4%Q1 2026 · Gross margin: +14.6%Q2 2026 · Gross margin: +14.1%Q3 2023 · Operating margin: +17.9%Q4 2023 · Operating margin: +18.4%Q1 2024 · Operating margin: +17.0%Q2 2024 · Operating margin: +17.7%Q3 2024 · Operating margin: +15.3%Q4 2024 · Operating margin: +16.6%Q1 2025 · Operating margin: +8.0%Q2 2025 · Operating margin: +13.2%Q3 2025 · Operating margin: +6.4%Q4 2025 · Operating margin: +13.2%Q1 2026 · Operating margin: +12.6%Q2 2026 · Operating margin: +13.6%Q3 2023 · Net margin: +12.3%Q4 2023 · Net margin: +11.5%Q1 2024 · Net margin: +10.4%Q2 2024 · Net margin: +12.2%Q3 2024 · Net margin: +10.0%Q4 2024 · Net margin: +11.0%Q1 2025 · Net margin: +3.8%Q2 2025 · Net margin: +8.6%Q3 2025 · Net margin: +0.3%Q4 2025 · Net margin: +10.4%Q1 2026 · Net margin: +8.5%Q2 2026 · Net margin: +9.3%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+3.7%Q2 2026
-4.1%-1.5%+1.1%+3.7%Q3 2024: -1.8%Q4 2024: -2.2%Q1 2025: -6.7%Q2 2025: -5.5%Q3 2025: -1.7%Q4 2025: +0.8%Q1 2026: -0.3%Q2 2026: +3.7%Q3 2023Q2 2026
Shares outstanding838MQ2 2026
225.5M451M676.5M902MQ3 2023: 902MQ4 2023: 897MQ1 2024: 891MQ2 2024: 886MQ3 2024: 881MQ4 2024: 883MQ1 2025: 866MQ2 2025: 862MQ3 2025: 850MQ4 2025: 840MQ1 2026: 839MQ2 2026: 838MQ3 2023Q2 2026
Valuation13.3Q2 2026
72.5145.0217.6290.1Q3 2023 · P/E: 12.7Q4 2023 · P/E: 12.2Q1 2024 · P/E: 14.7Q2 2024 · P/E: 10.4Q3 2024 · P/E: 11.2Q4 2024 · P/E: 9.7Q1 2025 · P/E: 26.4Q2 2025 · P/E: 9.3Q3 2025 · P/E: 290.1Q4 2025 · P/E: 10.1Q1 2026 · P/E: 17.7Q2 2026 · P/E: 13.3Q3 2023 · P/S: 6.3Q4 2023 · P/S: 5.6Q1 2024 · P/S: 6.1Q2 2024 · P/S: 5.1Q3 2024 · P/S: 4.5Q4 2024 · P/S: 4.2Q1 2025 · P/S: 4.1Q2 2025 · P/S: 3.2Q3 2025 · P/S: 3.7Q4 2025 · P/S: 4.2Q1 2026 · P/S: 6.0Q2 2026 · P/S: 5.0Q3 2023Q2 2026
P/EP/S
Revenue$22.2B2025
$6B$12B$18B$24B2018: $24B2019: $22.4B2020: $14.4B2021: $15.3B2022: $20.3B2023: $23B2024: $22.9B2025: $22.2B20182025
Net income$1.3B2025
-$1.5B-$153.5M$1.2B$2.6B2018: $1.7B2019: -$1.1B2020: -$2.9B2021: $1.5B2022: $1.6B2023: $2.6B2024: $2.5B2025: $1.3B20182025
EBITDA$4.1B2025
$1.3B$2.5B$3.8B$5B2018: $4.3B2019: $3.1B2020: $1.6B2021: $2.6B2022: $3.9B2023: $4.9B2024: $5B2025: $4.1B20182025
Free cash flow$1.7B2025
$605.8M$1.2B$1.8B$2.4B2018: $1.1B2019: $915M2020: $1.2B2021: $1.1B2022: $1.2B2023: $2.1B2024: $2.4B2025: $1.7B20182025
EPS$1.52025
-$1.78-$0.21$1.36$2.922018: $1.892019: -$1.292020: -$3.342021: $1.632022: $1.732023: $2.922024: $2.832025: $1.520182025
Cash / Debt$2.2B2025
$2.8B$5.7B$8.5B$11.4B2018 · Cash: $2B2018 · Debt: $10.3B2019 · Cash: $2.3B2019 · Debt: $11.4B2020 · Cash: $2.6B2020 · Debt: $10.8B2021 · Cash: $3B2021 · Debt: $10.2B2022 · Cash: $2.3B2022 · Debt: $8.9B2023 · Cash: $2.3B2023 · Debt: $8.8B2024 · Cash: $2.6B2024 · Debt: $8.8B2025 · Cash: $2.2B2025 · Debt: $8.1B20182025
CashDebt
Profitability+15.7%2025
-10.6%-0.7%+9.1%+18.9%2018 · Gross margin: +12.4%2019 · Gross margin: +10.2%2020 · Gross margin: +7.2%2021 · Gross margin: +13.2%2022 · Gross margin: +16.0%2023 · Gross margin: +18.9%2024 · Gross margin: +18.7%2025 · Gross margin: +15.7%2018 · Operating margin: +10.3%2019 · Operating margin: -2.0%2020 · Operating margin: -16.9%2021 · Operating margin: +11.8%2022 · Operating margin: +13.3%2023 · Operating margin: +17.7%2024 · Operating margin: +16.7%2025 · Operating margin: +10.2%2018 · Net margin: +6.9%2019 · Net margin: -5.0%2020 · Net margin: -20.4%2021 · Net margin: +9.5%2022 · Net margin: +7.7%2023 · Net margin: +11.5%2024 · Net margin: +10.9%2025 · Net margin: +5.8%20182025
Gross marginOperating marginNet margin
Revenue growth-3.3%2025
-18.5%-1.4%+15.6%+32.7%2019: -6.6%2020: -35.5%2021: +5.9%2022: +32.7%2023: +13.4%2024: -0.3%2025: -3.3%20182025
Shares outstanding840M2025
227M454M681M908M2018: 877M2019: 875M2020: 881M2021: 892M2022: 908M2023: 902M2024: 883M2025: 840M20182025
Valuation18.72025
-8.61.812.222.62018 · P/E: 14.12019 · P/E: -19.02020 · P/E: -5.72021 · P/E: 14.02022 · P/E: 22.62023 · P/E: 12.32024 · P/E: 9.62025 · P/E: 18.72018 · P/S: 1.02019 · P/S: 1.02020 · P/S: 1.22021 · P/S: 1.32022 · P/S: 1.82023 · P/S: 1.42024 · P/S: 1.02025 · P/S: 1.120182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-20
Revenue est. $5.6B · Updated 2h ago
Dividend
$0.17
2026-09-02

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20262.34$22.4B+1%16
FY 20272.89$23.6B+6%16
FY 20283.35$24.6B+11%8
FY 20294.00$26.6B+20%5
FY 20304.13$27.7B+25%5
Q1 20290.00$6.5B+20%6

Company events

6
2026-10-20EarningsActual - / Estimate 0.59-
2026-09-02Dividend$0.17-
2026-07-21EarningsActual 0.55 / Estimate 0.54Beat
2026-06-03Dividend$0.17-
2026-04-21EarningsActual 0.55 / Estimate 0.5Beat
2026-03-04Dividend$0.17-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering HAL have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings117314
Analysts2431
Buy / hold / sell85 / 32 / 0252 / 62 / 0
Upgrades / downgrades / initiations8 / 1 / 38 / 8 / 7
Price targets hit / missed31 / 83 (27%)82 / 225 (27%)
Avg. return after a rating (TipRanks)-9.9%-10.9%
Best / worst call+65.1% / -40.0%+65.1% / -41.1%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 14, 2026Josh SilversteinUBSHoldMaintained$42.00
Sep 9, 2026David AndersonBarclaysBuyMaintained$53.00
Aug 20, 2026Joe LaetschMorgan StanleyBuyReiterated$40.00
Jul 27, 2026Josh SilversteinUBSHoldMaintained$39.00
Jul 27, 2026Saurabh PantBank of America SecuritiesBuyReiterated$40.00

TipRanks data via FMP · computed Sep 23, 2026 · 117 ratings

Frequently asked questions

Where can I trade HAL perpetual futures?

Halliburton Company (HAL) perpetual futures trade on 1 crypto venues, including MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade HAL around the clock?

Yes. Unlike the underlying stock, HAL perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on HAL perpetuals?

Right now the HAL perp funding rate is -4.5% annualized (venue median), ranging from -4.5% to -4.5% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the HAL perp price compare to the Halliburton Company stock?

The venue-median HAL perp mark is $33.1 versus a reference stock price of $33.1, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a HAL perpetual future?

A HAL perpetual is a derivative that tracks the price of Halliburton Company with no expiry date. It lets you take long or short exposure to Halliburton Company on crypto venues, around the clock.

What is HALUSDT perpetual?

HALUSDT is the symbol most crypto exchanges use for the Halliburton Company perpetual settled in USDT (Tether). It tracks the HAL share price through an index, trades 24/7 with leverage and never expires.

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