How do Halliburton and Smurfit Westrock compare by revenue?

Halliburton reported revenue of $5.4B in Q1 FY2026, while Smurfit Westrock reported $7.7B in Q1 FY2026. Smurfit Westrock is 1.4× larger by last-quarter revenue.

Which is growing revenue faster, Halliburton or Smurfit Westrock?

Halliburton's latest revenue grew -4.5% year-over-year, versus 0.7% for Smurfit Westrock. Smurfit Westrock is growing faster on a YoY basis.

Which has a higher net margin, Halliburton or Smurfit Westrock?

Halliburton's net margin is 8.6% vs Smurfit Westrock's 0.8%. Halliburton has the higher bottom-line margin.

What is the 2-year revenue CAGR for Halliburton vs Smurfit Westrock?

Over the trailing 8 quarters, Halliburton compounded revenue at roughly -3.8% per year, versus 61.2% for Smurfit Westrock. Smurfit Westrock has the faster medium-term growth trajectory.

Where does this HAL vs SW data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Halliburton (HAL) and Smurfit Westrock (SW). Click either name above to swap in a different company.

Smurfit Westrock is the larger business by last-quarter revenue ($7.7B vs $5.4B, roughly 1.4× Halliburton). Halliburton runs the higher net margin — 8.6% vs 0.8%, a 7.8% gap on every dollar of revenue. On growth, Smurfit Westrock posted the faster year-over-year revenue change (0.7% vs -4.5%). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (61.2% CAGR vs -3.8%).

HalliburtonHALEarnings & Financial Report

NYSE · Energy · Oil & Gas Equipment & Services

Halliburton Company is an American multinational corporation and the world's second-largest oil service company, responsible for most of the world's fracking operations. The company, incorporated in the United States, has dual headquarters located in Houston and in Dubai.

Smurfit WestrockSWEarnings & Financial Report

NYSE · Materials · Paper & Plastic Packaging Products & Materials

Smurfit Westrock plc is an Irish company based in Dublin, Ireland that manufactures corrugated and paper-based packaging. Its stock is listed on the New York Stock Exchange and the London Stock Exchange.

HAL vs SW — Head-to-Head

Bigger by revenue

1.4× larger

$7.7B

$5.4B

Growing faster (revenue YoY)

+5.2% gap

0.7%

-4.5%

Higher net margin

HAL

7.8% more per $

8.6%

0.8%

Faster 2-yr revenue CAGR

Annualised

61.2%

-3.8%

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric	HAL	SW
Revenue	$5.4B	$7.7B
Net Profit	$464.0M	$63.0M
Gross Margin	—	16.4%
Operating Margin	12.6%	3.3%
Net Margin	8.6%	0.8%
Revenue YoY	-4.5%	0.7%
Net Profit YoY	128.6%	0.0%
EPS (diluted)	$0.55	$0.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue

HAL

Q1 26	$5.4B	$7.7B
Q4 25	$5.7B	$7.6B
Q3 25	$5.6B	$8.0B
Q2 25	$5.5B	$7.9B
Q1 25	$5.4B	$7.7B
Q4 24	$5.6B	$7.5B
Q3 24	$5.7B	$7.7B
Q2 24	$5.8B	$3.0B

Net Profit

HAL

Q1 26	$464.0M	$63.0M
Q4 25	$589.0M	$97.0M
Q3 25	$18.0M	$246.0M
Q2 25	$472.0M	$-28.0M
Q1 25	$204.0M	$384.0M
Q4 24	$615.0M	$146.0M
Q3 24	$571.0M	$-150.0M
Q2 24	$709.0M	$132.0M

Gross Margin

HAL

Q1 26	—	16.4%
Q4 25	—	18.2%
Q3 25	—	19.6%
Q2 25	—	19.1%
Q1 25	—	20.6%
Q4 24	—	19.1%
Q3 24	—	17.6%
Q2 24	—	23.3%

Operating Margin

HAL

Q1 26	12.6%	3.3%
Q4 25	13.2%	5.1%
Q3 25	6.4%	6.6%
Q2 25	13.2%	3.2%
Q1 25	8.0%	7.2%
Q4 24	16.6%	5.3%
Q3 24	15.3%	0.7%
Q2 24	17.7%	8.2%

Net Margin

HAL

Q1 26	8.6%	0.8%
Q4 25	10.4%	1.3%
Q3 25	0.3%	3.1%
Q2 25	8.6%	-0.4%
Q1 25	3.8%	5.0%
Q4 24	11.0%	1.9%
Q3 24	10.0%	-2.0%
Q2 24	12.2%	4.4%

EPS (diluted)

HAL

Q1 26	$0.55	$0.12
Q4 25	—	$0.18
Q3 25	$0.02	$0.47
Q2 25	$0.55	$-0.05
Q1 25	$0.24	$0.73
Q4 24	—	$-0.12
Q3 24	$650000.00	$-0.30
Q2 24	$800000.00	$0.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric	HAL	SW
Cash + ST InvestmentsLiquidity on hand	$2.0M	—
Total DebtLower is stronger	$7.2M	$980.0M
Stockholders' EquityBook value	$10.8M	$18.1B
Total Assets	$25.1M	$45.2B
Debt / EquityLower = less leverage	0.66×	0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

HAL

Q1 26	$2.0M	—
Q4 25	$2.2B	$892.0M
Q3 25	$2.0B	$851.0M
Q2 25	—	$778.0M
Q1 25	—	$797.0M
Q4 24	$2.6B	$855.0M
Q3 24	—	—
Q2 24	—	$26.8K

Total Debt

HAL

Q1 26	$7.2M	$980.0M
Q4 25	$7.2B	$13.4B
Q3 25	$7.2B	$13.3B
Q2 25	$7.2B	$13.3B
Q1 25	$7.2B	$12.9B
Q4 24	$7.2B	$12.5B
Q3 24	$7.6B	$13.2B
Q2 24	$7.6B	—

Stockholders' Equity

HAL

Q1 26	$10.8M	$18.1B
Q4 25	$10.5B	$18.3B
Q3 25	$10.2B	$18.4B
Q2 25	$10.5B	$18.3B
Q1 25	$10.4B	$17.9B
Q4 24	$10.5B	$17.4B
Q3 24	$10.3B	$18.0B
Q2 24	$10.0B	$14.5K

Total Assets

HAL

Q1 26	$25.1M	$45.2B
Q4 25	$25.0B	$45.2B
Q3 25	$25.2B	$45.6B
Q2 25	$25.4B	$45.7B
Q1 25	$25.2B	$44.6B
Q4 24	$25.6B	$43.8B
Q3 24	$25.3B	$45.0B
Q2 24	$25.2B	$26.8K

Debt / Equity

HAL

Q1 26	0.66×	0.05×
Q4 25	0.68×	0.73×
Q3 25	0.70×	0.72×
Q2 25	0.68×	0.73×
Q1 25	0.69×	0.72×
Q4 24	0.68×	0.72×
Q3 24	0.74×	0.73×
Q2 24	0.76×	—

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric	HAL	SW
Operating Cash FlowLast quarter	—	$204.0M
Free Cash FlowOCF − Capex	$123.0M	—
FCF MarginFCF / Revenue	2.3%	—
Capex IntensityCapex / Revenue	3.6%	—
Cash ConversionOCF / Net Profit	—	3.24×
TTM Free Cash FlowTrailing 4 quarters	$1.7B	—