Halliburton vs Schlumberger
Schlumberger is the larger business, with $35.71bn of revenue in fiscal 2025 against $22.18bn for Halliburton (1.6 times as much). Schlumberger grew faster (-1.6% against -3.3%). Schlumberger kept more of each dollar of sales as profit: a net margin of 9.4% against 5.8%. Schlumberger carries less debt relative to equity (37.3% against 68.4%).
| Latest fiscal year | HalliburtonHAL, 2025 | SchlumbergerSLB, 2025 |
|---|---|---|
| Revenue | $22.18bn | $35.71bn |
| Revenue growth | -3.3% | -1.6% |
| Net income | $1.28bn | $3.37bn |
| Operating margin | 10.2% | — |
| Net margin | 5.8% | 9.4% |
| Return on equity | 12.2% | 14.3% |
| Free cash flow | $1.67bn | $4.79bn |
| Cash | $2.21bn | — |
| Total debt | $7.16bn | $9.74bn |
| Debt to equity | 68.4% | 37.3% |
| Dividend per share | — | — |
| Dividend yield | 2.0% | 2.2% |
| Share buybacks | $1.01bn | $2.41bn |
| Employees | 46,000 | 109,000 |
| Market value | $28.80bn | $77.21bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 44 (Weak) | 57 (Moderate) |
| Insider trades, 12 months | 0 buys, 23 sales | 0 buys, 26 sales |