Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $14,445 | $15,295 | $20,297 | $23,018 | $22,944 |
| Gross Profit | -$2,436 | $1,800 | $2,707 | $4,083 | $3,822 |
| Operating Income | -$2,436 | $1,800 | $2,707 | $4,083 | $3,822 |
| Net Income | -$2,945 | $1,457 | $1,572 | $2,638 | $2,501 |
Over the past five years, Halliburton’s income statement shows a notable turnaround from 2020’s significant losses into consistent profitability from 2021 onward. In 2020, the company recorded negative figures across gross profit (–2,436), operating income (–2,436), and net income (–2,945) on revenues of 14,445 million USD. However, 2021 marked a reversal with revenue increasing modestly to 15,295 million USD, and all profit measures switching positive (gross profit and operating income at 1,800 million USD, with net income at 1,457 million USD). This recovery may reflect improvements in operational performance and market recovery following economic disruptions. From 2021 to 2022, revenue surged by approximately 33% to 20,297 million USD—a significant jump, although corresponding profit metrics grew at a lower rate, suggesting potential margin pressures or increased expenses amid higher sales. In 2023, revenue continued to grow to 23,018 million USD and net income nearly doubled from 1,572 to 2,638 million USD, indicating stronger operational efficiencies and improved cost management. The slight decline in revenue and profits in 2024 (with revenues at 22,944 million USD and net income at 2,501 million USD) may signal a stabilization or response to market volatility in the energy sector, where Halliburton operates. Overall, the company’s financial health appears robust post-2020, showing a strong recovery, stable operating margins, and a capacity to generate consistent earnings, which bodes well for sustainability within the cyclical oilfield services industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.