NESR vs. HAL
NESR (National Energy Services Reunited Corp.) and HAL (Halliburton Company) are both stocks. Both operate in the Oil & Gas Equipment & Services industry within the Energy sector. Over the past 5 years, NESR returned 10.85%/yr vs 10.16%/yr for HAL. At a 0.42 correlation, their price movements are largely independent.
Performance
NESR vs. HAL - Performance Comparison
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Returns By Period
In the year-to-date period, NESR achieves a 60.09% return, which is significantly higher than HAL's 25.37% return.
NESR
- 1D
- 0.04%
- 1M
- -2.68%
- YTD
- 60.09%
- 6M
- 66.25%
- 1Y
- 338.29%
- 3Y*
- 104.53%
- 5Y*
- 10.85%
- 10Y*
- —
HAL
- 1D
- -0.17%
- 1M
- -14.98%
- YTD
- 25.37%
- 6M
- 25.77%
- 1Y
- 72.96%
- 3Y*
- 6.74%
- 5Y*
- 10.16%
- 10Y*
- -0.31%
NESR vs. HAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NESR National Energy Services Reunited Corp. | 60.09% | 74.78% | 46.89% | -12.10% | -26.56% | -4.83% | 8.88% | 5.31% | -12.96% | 5.29% |
HAL Halliburton Company | 25.37% | 7.02% | -23.19% | -6.47% | 74.45% | 21.99% | -21.23% | -4.90% | -44.63% | 9.26% |
Correlation
The correlation between NESR and HAL is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2017 | 0.42 |
The correlation between NESR and HAL shifts across timeframes, from 0.30 (3 years) to 0.46 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NESR:
$2.58B
HAL:
$29.46B
NESR:
$0.64
HAL:
$1.82
NESR:
39.17
HAL:
19.33
NESR:
0.40
HAL:
3.08
NESR:
1.77
HAL:
1.34
NESR:
2.59
HAL:
2.72
NESR:
$1.43B
HAL:
$22.17B
NESR:
$179.11M
HAL:
$3.40B
NESR:
$185.56M
HAL:
$3.83B
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Return for Risk
NESR vs. HAL — Risk / Return Rank
NESR
HAL
NESR vs. HAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Energy Services Reunited Corp. (NESR) and Halliburton Company (HAL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NESR | HAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.33 | ||
| Sortino ratioReturn per unit of downside risk | +3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.33 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 12.45 | 3.99 | +8.46 |
| Martin ratioReturn relative to average drawdown | 42.92 | 14.08 | +28.84 |
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Drawdowns
NESR vs. HAL - Drawdown Comparison
The maximum NESR drawdown since its inception was -83.12%, smaller than the maximum HAL drawdown of -92.99%. Use the drawdown chart below to compare losses from any high point for NESR and HAL.
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Drawdown Indicators
| NESR | HAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.12% | -92.99% | +9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -27.39% | -18.38% | -9.01% |
Max Drawdown (3Y)Largest decline over 3 years | -45.64% | -54.01% | +8.37% |
Max Drawdown (5Y)Largest decline over 5 years | -81.97% | -54.01% | -27.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -91.45% | — |
Current DrawdownCurrent decline from peak | -6.59% | -40.50% | +33.91% |
Average DrawdownAverage peak-to-trough decline | -35.82% | -39.12% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.93% | 5.20% | +2.73% |
Volatility
NESR vs. HAL - Volatility Comparison
National Energy Services Reunited Corp. (NESR) has a higher volatility of 15.54% compared to Halliburton Company (HAL) at 10.18%. This indicates that NESR's price experiences larger fluctuations and is considered to be riskier than HAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NESR | HAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.54% | 10.18% | +5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 38.43% | 24.46% | +13.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.20% | 36.79% | +17.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.78% | 40.09% | +15.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.28% | 45.99% | +6.29% |
Dividends
NESR vs. HAL - Dividend Comparison
NESR has not paid dividends to shareholders, while HAL's dividend yield for the trailing twelve months is around 1.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAL Halliburton Company | 1.94% | 2.41% | 2.50% | 1.77% | 1.22% | 0.79% | 1.67% | 2.94% | 2.71% | 1.47% | 1.33% | 2.12% |
NESR National Energy Services Reunited Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NESR vs. HAL - Financials Comparison
This section allows you to compare key financial metrics between National Energy Services Reunited Corp. and Halliburton Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NESR vs. HAL - Profitability Comparison
NESR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported a gross profit of 51.83M and revenue of 404.59M. Therefore, the gross margin over that period was 12.8%.
HAL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Halliburton Company reported a gross profit of 790.00M and revenue of 5.40B. Therefore, the gross margin over that period was 14.6%.
NESR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported an operating income of 36.04M and revenue of 404.59M, resulting in an operating margin of 8.9%.
HAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Halliburton Company reported an operating income of 679.00M and revenue of 5.40B, resulting in an operating margin of 12.6%.
NESR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported a net income of 23.83M and revenue of 404.59M, resulting in a net margin of 5.9%.
HAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Halliburton Company reported a net income of 461.00M and revenue of 5.40B, resulting in a net margin of 8.5%.
Frequently Asked Questions
NESR and HAL have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NESR has higher volatility (15.54%) compared to HAL (10.18%). In terms of maximum drawdown, NESR dropped -83.12% vs HAL's -92.99%.
NESR currently has the higher Sharpe Ratio (6.36 vs 2.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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