Halliburton Company (HAL)财务
NYSE · Energy · Oil & Gas Equipment & Services · 员工46,000人 · CEO Jeffrey Allen Miller
- 股价
- $36.17 +0.75%
- 市值
- $299亿
- 企业价值
- $363亿
- 最近财报
- Q3 '26 2026-10-23提交
- 下次财报
- 2027-01-20 EPS预期 $0.63
营收(TTM)$225亿+1.5% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)12.6%+1.5 百分点 对比去年同期营业利润 $28.3亿
净利润(TTM)$20亿+52.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$16亿-14.6% 对比去年同期资本支出 $10.3亿
稀释EPS(TTM)$2.39+58.2% 对比去年同期最近4个季度之和
净现金-$63.6亿+2.8% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $299亿 EV $363亿
- 营收
- $225亿 过去12个月
- 营收增速
- +2% FY2026年一致预期
- 净利润率
- 8.9% 净利润 / 营收,TTM
- P/E
- 15.1× 预期 15.5×(FY2026)
- P/S
- 1.3× 股价 / 营收,TTM
- EV / EBITDA
- 9.0× TTM
- 自由现金流
- $16亿 过去12个月
- 净利润
- $20亿 过去12个月
- 营收预期
- $225亿 FY2026年一致预期
- 盈利
- 2027-01-20 营收预期 $57.2亿
- 股息
- $0.68 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-20):营收超预期2.2%,EPS 超预期2.6%营收$57亿,预期$55.8亿(+2.2%);EPS $0.60,预期$0.59(+2.6%)。
- 营收增长加速:同比1.8%Q3 '26营收$57亿,此前四个季度的平均值为0.6%。
- 营业利润率12.6%(TTM),较去年同期+1.5 百分点营收增长1.5%,营业利润增长15.6%。
- 税前利润的18.7%被营业外亏损吞噬税前利润$23.8亿,营业利润$28.3亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的4.6%(去年为6.1%)最近4个季度投入$10.3亿(同比-23.3%)。自由现金流$16亿,相当于净利润的80.0%。
- 股东回报$21.3亿 = 自由现金流的133.4%回购$15.7亿(去年为$3.09亿),股息$5.69亿,股权激励$0(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少2.1%Q3 '26稀释股数8.32亿,一年前为8.5亿。
- 净债务 $63.6亿现金 + 短期投资 $18.4亿,含租赁债务 $82亿;一年前净债务 $65.4亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $57亿 | $56亿 | +1.8% |
| 毛利率 | 14.9% | 15.3% | -0.4 百分点 |
| 营业利润 | $6.24亿 | $3.56亿 | +75.3% |
| 营业利润率 | 10.9% | 6.4% | +4.6 百分点 |
| 净利润 | $4.17亿 | $1800万 | +2,216.7% |
| 稀释EPS | $0.50 | $0.02 | +2,258.5% |
| 经营现金流 | $3.68亿 | $4.88亿 | -24.6% |
| 资本支出 | $2.66亿 | $2.61亿 | +1.9% |
| 自由现金流 | $1.02亿 | $2.27亿 | -55.1% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $0 | $0 | – |
实际 vs 一致预期
2026-10-20| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $57亿 | $55.8亿 | +2.2% |
| EPS(一致预期口径) | $0.60 | $0.59 | +2.6% |
来自2026-10-20发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Completion And Production | $30.9亿 | -4.2% | 54.2% | $126亿 | -0.9% | |
| Drilling And Evaluation | $26.1亿 | +10.0% | 45.8% | $99亿 | +4.8% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| North America | $21.6亿 | -8.6% | 37.9% | $87.8亿 | -3.2% | |
| Middle East/Asia | $14.1亿 | -0.5% | 24.6% | $54.8亿 | -9.1% | |
| Latin America | $11.2亿 | +12.7% | 19.7% | $44亿 | +15.1% | |
| Europe/Africa/CIS | $10.2亿 | +22.7% | 17.8% | $38.2亿 | +18.7% |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Completion And Production | – | – | $4.57亿 | -11.1% | – | – | $19.4亿 |
| Drilling And Evaluation | – | – | $3.91亿 | +12.4% | – | – | $14.5亿 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $26.3亿
- 资本支出
- -$10.3亿
- 股票回购
- -$15.7亿
- 股息
- -$5.69亿
- 收购
- -$2800万
- 债务净发行
- -$3.89亿
- 股权激励费用
- $0
- 自由现金流
- $16亿
- 股东回报 / FCF
- 133.4%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 15.1× | 15.5× | 9.6× – 22.6× |
| EV / EBITDA | 9.0× | 8.4× | 6.0× – 10.7× |
| EV / 营收 | 1.6× | 1.6× | 1.3× – 2.1× |
| 股价 / FCF | 18.7× | 17.4× | 9.9× – 28.9× |
| 股价 / 净资产 | 2.7× | 3.1× | 2.3× – 4.5× |
| FCF收益率 | 5.3% | 6.5% | 3.5% – 10.1% |
| 投入资本回报率 | 11.7% | 12.2% | 8.4% – 16.7% |
| 净资产收益率 | 18.5% | 21.1% | 12.3% – 28.1% |
分析师
一致目标价 $43.10 (+19.2%)
区间 $37.00 – $51.00 · 评级 Buy
强烈买入1
买入47
持有14
卖出2
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $225亿 | +1.5% | $2.33 | +55.5% | 15.5× | 15 |
| FY2027 | $237亿 | +5.3% | $2.92 | +25.2% | 12.4× | 16 |
| FY2028 | $249亿 | +5.2% | $3.47 | +19.0% | 10.4× | 10 |
| FY2029 | $263亿 | +5.6% | $4.02 | +15.8% | 9.0× | 4 |
| FY2030 | $274亿 | +4.1% | $4.27 | +6.2% | 8.5× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Halliburton Company在近期10-Q / 10-K文件中标记的全部247项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $2.66亿 | $2.61亿 | +1.9% | – | – | – | |
| Accounts Payable, Current | $35.4亿 | $31.8亿 | +11.1% | $31.3亿 | $31.9亿 | -1.8% |
| Accounts Receivable, Allowance for Credit Loss, Current | $7.88亿 | $7.57亿 | +4.1% | $8.05亿 | $7.54亿 | +6.8% |
| Accrual for Taxes Other than Income Taxes, Current | $2.94亿 | $2.73亿 | +7.7% | $2.91亿 | $3.28亿 | -11.3% |
| Accrued Income Taxes, Current | $3.48亿 | $3.54亿 | -1.7% | $3.75亿 | $4.49亿 | -16.5% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $130亿 | $124亿 | +4.7% | $126亿 | $125亿 | +1.2% |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | $2.23亿 | $2.37亿 | -5.9% | $2.45亿 | $2.34亿 | +4.7% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | -$8300万 | -$8000万 | -3.8% | -$8100万 | -$8200万 | +1.2% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$3.42亿 | -$3.54亿 | +3.4% | -$3.63亿 | -$3.53亿 | -2.8% |
| Additional Paid in Capital, Common Stock | $6300万 | $7400万 | -14.9% | $1.12亿 | $7900万 | +41.8% |
| Assets | $261亿 | $252亿 | +3.6% | $250亿 | $256亿 | -2.3% |
| Assets, Current | $121亿 | $116亿 | +4.3% | $114亿 | $124亿 | -7.9% |
| Cash and Cash Equivalents, at Carrying Value | $18.4亿 | $20.3亿 | -9.0% | $22.1亿 | $26.2亿 | -15.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $18.4亿 | $20.3亿 | -9.0% | $22.1亿 | $26.2亿 | -15.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$2.05亿 | -$1200万 | -1,608.3% | -$4.12亿 | $3.54亿 | -216.4% |
| Common Stock, Dividends, Per Share, Declared | $0.17 | $0.17 | 0.0% | $0.682024-12-31 | $0.64 | +6.3% |
| Common Stock, Par or Stated Value Per Share | $2.50 | $2.50 | 0.0% | $2.50 | $2.50 | 0.0% |
| Common Stock, Shares Authorized | 20亿 | 20亿 | 0.0% | 20亿 | 20亿 | 0.0% |
| Common Stock, Shares, Issued | 10.6亿 | 10.6亿 | -0.1% | 10.6亿 | 10.7亿 | -0.1% |
| Common Stock, Shares, Outstanding | 8.35亿2025-12-31 | 8.68亿 | -3.8% | 8.35亿 | 8.68亿 | -3.8% |
| Common Stock, Value, Issued | $26.6亿 | $26.6亿 | 0.0% | $26.6亿 | $26.6亿 | -0.1% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $200万 | $200万 | 0.0% | $900万 | $1600万 | -43.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $4.18亿 | $2000万 | +1,990.0% | $12.7亿 | $24.8亿 | -48.6% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $4.2亿 | $2200万 | +1,809.1% | $12.8亿 | $25亿 | -48.6% |
| Costs and Expenses | $50.8亿 | $52.4亿 | -3.1% | $199亿 | $191亿 | +4.2% |
| Current Federal Tax Expense (Benefit) | – | – | – | $300万 | -$1000万 | +130.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $4.48亿 | $5.71亿 | -21.5% |
| Current Income Tax Expense (Benefit) | – | – | – | $4.56亿 | $5.7亿 | -20.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $500万 | $900万 | -44.4% |
| Debt Instrument, Unamortized Discount | $6400万2025-12-31 | $6200万 | +3.2% | $6400万 | $6200万 | +3.2% |
| Debt, Long-term and Short-term, Combined Amount | $71.6亿2025-12-31 | $75.4亿 | -5.1% | $71.6亿 | $75.4亿 | -5.1% |
| Deferred Compensation Liability, Classified, Noncurrent | $4.31亿 | $4.21亿 | +2.4% | $4.28亿 | $4.14亿 | +3.4% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $6600万 | $1.67亿 | -60.5% |
| Deferred Federal, State and Local, Tax Expense (Benefit) | – | – | – | -$3300万 | $1200万 | -375.0% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$1000万 | -$3100万 | +67.7% |
| Deferred Income Tax Assets, Net | $23.8亿 | $22.6亿 | +5.2% | $23亿 | $23.4亿 | -1.8% |
| Deferred Income Tax Liabilities, Net | $3.93亿2025-12-31 | $3.58亿 | +9.8% | $3.93亿 | $3.58亿 | +9.8% |
| Deferred Income Taxes and Tax Credits | – | – | – | $2300万 | $1.48亿 | -84.5% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $6.79亿2025-12-31 | $7.27亿 | -6.6% | $6.79亿 | $7.27亿 | -6.6% |
| Deferred Tax Assets, Gross | $36.3亿2025-12-31 | $33.8亿 | +7.3% | $36.3亿 | $33.8亿 | +7.3% |
| Deferred Tax Assets, Net | $22.9亿2025-12-31 | $23亿 | -0.6% | $22.9亿 | $23亿 | -0.6% |
| Deferred Tax Assets, Operating Loss Carryforwards | $6.29亿2025-12-31 | $5.81亿 | +8.3% | $6.29亿 | $5.81亿 | +8.3% |
| Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | $6.35亿2025-12-31 | $5.91亿 | +7.4% | $6.35亿 | $5.91亿 | +7.4% |
| Deferred Tax Assets, Other | $8.13亿2025-12-31 | $6.39亿 | +27.2% | $8.13亿 | $6.39亿 | +27.2% |
| Deferred Tax Assets, Tax Credit Carryforwards, Foreign | $7.9亿2025-12-31 | $9.5亿 | -16.8% | $7.9亿 | $9.5亿 | -16.8% |
| Deferred Tax Assets, Tax Credit Carryforwards, Research | $8600万2025-12-31 | $8500万 | +1.2% | $8600万 | $8500万 | +1.2% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits | $1.57亿2025-12-31 | $1.7亿 | -7.6% | $1.57亿 | $1.7亿 | -7.6% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $2.33亿2025-12-31 | $2.27亿 | +2.6% | $2.33亿 | $2.27亿 | +2.6% |
| Deferred Tax Liabilities, Leasing Arrangements | $1.33亿2025-12-31 | $1.44亿 | -7.6% | $1.33亿 | $1.44亿 | -7.6% |
| Deferred Tax Liabilities, Other | $6300万2025-12-31 | $5000万 | +26.0% | $6300万 | $5000万 | +26.0% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $1.97亿2025-12-31 | $1.64亿 | +20.1% | $1.97亿 | $1.64亿 | +20.1% |
| Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax | $2.43亿2025-12-31 | $2.33亿 | +4.3% | $2.43亿 | $2.33亿 | +4.3% |
| Defined Contribution Plan, Cost | – | – | – | $2.06亿 | $1.82亿 | +13.2% |
| Depreciation, Depletion and Amortization | $2.96亿 | $2.85亿 | +3.9% | $11.4亿 | $10.8亿 | +5.3% |
| Dividends, Common Stock | $1.41亿 | $1.44亿 | -2.1% | $5.79亿 | $6亿 | -3.5% |
| Earnings Per Share, Basic | $0.50 | $0.02 | +2,400.0% | -$6.692016-12-31 | -$0.79 | -746.8% |
| Earnings Per Share, Diluted | $0.50 | $0.02 | +2,400.0% | -$1.292019-12-31 | $1.89 | -168.3% |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | -$1200万 | -$900万 | -33.3% | -$2600万 | -$1.27亿 | +79.5% |
| Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | – | – | – | $3.72亿 | – | – |
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | – | – | – | 21.0% | 21.0% | 0.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-02