Halliburton Company (HAL) — RQD Stock Rating Cockpit

HAL scores 73 out of 100, grade B, labeled "Roarable Buy — Good Risk/Reward." The five pillars are: Fundamental Cash Engine 15/20 (ROIC 11.6%; FCF yield 8.59%); Whale 13F Flow 13/20 (institutional accumulation and options positioning); Insider Conviction 16/20 (SEC Form 4 and Congressional PTR cluster flow); Macro Regime Fit 15/20 (beta 0.93; sector sensitivity); and Forensic Balance Sheet 14/20 (Altman Z 2.98; Piotroski F 7/9; Debt/Equity 0.68). For a prospective investor, the strongest pillar is insider conviction, and the weakest relative to its pillar cap is institutional flow. The cash-generation pillar rests on the stated FCF yield, which is high relative to the stock's price, but the FY 2025 period shows a material decline in net income and operating income versus prior years (see Financial Trend), which is a valuation tradeoff to weigh. A beta below 1.0 per the rating implies lower sensitivity to broad market moves than the market itself. The grade reflects a composite of these factors and is not a recommendation.

Halliburton Company is a NYSE-listed issuer in the Energy sector, operating in Oilfield Services/Equipment. It is an Energy issuer with a market capitalization of $29.7B. Customer and service-line detail is — Revenue by segment or customer is —; the reported revenue line in the SEC financials is — across all periods, so no revenue-based business description can be confirmed from the source data.

Operating income declined from $4.08B (FY 2023) to $2.26B (FY 2025), and net income declined from $2.64B to $1.28B over the same span. Per the market data, the operating margin is 27.2%, the net margin is 15.4%, and ROIC is 11.6%. The Altman Z-Score is 2.98 and the Piotroski F-Score is 7/9, . Debt/Equity is 0.68 per the same source. Reported debt in FY 2025 is $7.16B against cash of $2.21B.

• 🐂 Primary Bull Case: The RQD rating scores insider conviction at 16/20 and the FCF yield is 8.59%, indicating strong cash generation and insider support at a 21.5 forward P/E. With Fundamental Cash Engine at 15/20 (ROIC 11.6%, FCF yield 8.59%) and Institutional Whale Flow at 14/20, sustained execution supports upside toward the top of the $24.92 – $43.59 52-week range.
• 🐻 Primary Bear Case: Operating income fell from $4.08B in FY 2023 to $2.26B in FY 2025 and net income fell from $2.64B to $1.28B, while the source reports $0.0M revenue across all periods. Investors must weigh 23.1x trailing P/E and 13.4x EV/EBITDA against 27.2% operating margins and a 0.93 macro beta if sector demand softens.

Operating in Oilfield Services/Equipment (Energy), HAL carries a macro regime beta of 0.93 and gross margin of —.

• Key Question #1: What drove the decline in operating income and net income from FY 2023 through FY 2025, and is the trend continuing into the current period?
• Key Question #2: What is the segment and customer breakdown behind the Oilfield Services revenue model?
• Key Question #3: What are the analyst consensus rating and price targets, and how do they compare to the current $35.90 price?