Filing Flows › Comparisons › HAL vs LBRT
Halliburton vs Liberty Energy: HAL and LBRT compared
Halliburton is the larger company: $5.7B of revenue in its latest quarter (Q3 2026) against $1.2B for Liberty Energy (Q3 2026). Liberty Energy is growing faster (+26% against +2% a year earlier). Halliburton is more profitable, with an operating margin of 10.9% against 1.6%.
Where the money goes: HAL and LBRT
Halliburton (HAL) · Q3 2026
Halliburton, Q3 2026: revenue $5.7B (+2% year over year), operating margin 10.9%, net earnings $419M, operating cash flow $368M. The chart follows the revenue to costs, profit and cash.
Liberty Energy (LBRT) · Q3 2026
Liberty Energy, Q3 2026: revenue $1.2B (+26% year over year), operating margin 1.6%, net loss $39.1M, operating cash flow $223M. The chart follows the revenue to costs, profit and cash.
| Halliburton (HAL) | Liberty Energy (LBRT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $5.7B | $1.2B |
| Revenue growth, Y/Y | +2% | +26% |
| Operating margin | 10.9% | 1.6% |
| Net earnings | $419M | −$39.1M |
| Net margin | 7.3% | -3.3% |
| Operating cash flow | $368M | $223M |
| Free cash flow | $102M | — |
| Market value | $26.6B | $1.9B |
| P/E | 13.3× | 49.7× |
| Analysts’ mean target | $43.64 | $26.79 |
Where the revenue comes from
Halliburton
- Services: $4.1B (72%)
- Product sales: $1.6B (28%)
Questions
Which is bigger, Halliburton or Liberty Energy?
Halliburton is the larger company: $5.7B of revenue in its latest quarter (Q3 2026) against $1.2B for Liberty Energy (Q3 2026).
Is Halliburton or Liberty Energy growing faster?
Liberty Energy is growing faster (+26% against +2% a year earlier).
Which is more profitable, Halliburton or Liberty Energy?
Halliburton is more profitable, with an operating margin of 10.9% against 1.6%.
More: Halliburton earnings · how Halliburton makes money · Liberty Energy earnings · how Liberty Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 23, 2026; 10-Q filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.