NYSE : SLB
SLB N.V. — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 53.95 USD (Oct 30, 2026, 3:53 PM EDT) · Market cap 79.63B
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Financial statements
SLB N.V. (SLB) reported revenue of 36.89B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 36.89B | 35.71B | 36.29B | 33.13B | 28.09B | 22.93B |
| Cost of Revenue | 30.77B | 29.04B | 28.79B | 26.56B | 22.93B | 19.27B |
| Gross Profit | 6.12B | 6.67B | 7.50B | 6.57B | 5.16B | 3.66B |
| Selling, General & Admin | 349.00M | 340.00M | 385.00M | 364.00M | 376.00M | 339.00M |
| Research & Development | 678.00M | 709.00M | 749.00M | 711.00M | 634.00M | 554.00M |
| Operating Expenses | 1.03B | 1.05B | 1.13B | 1.07B | 1.01B | 893.00M |
| Operating Income | 5.09B | 5.62B | 6.37B | 5.50B | 4.15B | 2.77B |
| Interest Expense | -503.00M | -558.00M | -512.00M | -503.00M | -490.00M | -539.00M |
| Interest & Investment Income | 139.00M | 136.00M | 174.00M | 100.00M | 99.00M | 33.00M |
| Earnings From Equity Investments | 121.00M | 196.00M | 182.00M | 206.00M | 164.00M | 40.00M |
| Other Non Operating Income (Expenses) | -139.00M | |||||
| EBT Excluding Unusual Items | 4.85B | 5.40B | 6.21B | 5.30B | 3.79B | 2.30B |
| Merger & Restructuring Charges | -517.00M | -925.00M | -403.00M | -56.00M | ||
| Impairment of Goodwill | -210.00M | -210.00M | ||||
| Gain (Loss) on Sale of Investments | 28.00M | -69.00M | 36.00M | 432.00M | 75.00M | |
| Gain (Loss) on Sale of Assets | 43.00M | |||||
| Asset Writedown | -69.00M | |||||
| Other Unusual Items | -187.00M | 11.00M | ||||
| Pretax Income | 3.94B | 4.29B | 5.67B | 5.28B | 4.27B | 2.37B |
| Income Tax Expense | 781.00M | 840.00M | 1.09B | 1.01B | 779.00M | 446.00M |
| Earnings From Continuing Operations | 3.16B | 3.45B | 4.58B | 4.28B | 3.49B | 1.93B |
| Minority Interest in Earnings | -59.00M | -77.00M | -118.00M | -72.00M | -51.00M | -47.00M |
| Net Income | 3.10B | 3.37B | 4.46B | 4.20B | 3.44B | 1.88B |
| Net Income to Common | 3.10B | 3.37B | 4.46B | 4.20B | 3.44B | 1.88B |
| Shares Outstanding (Basic) | 1.49B | 1.42B | 1.42B | 1.43B | 1.42B | 1.40B |
| Shares Outstanding (Diluted) | 1.51B | 1.44B | 1.44B | 1.44B | 1.44B | 1.43B |
| EPS (Basic) | 2.08 | 2.37 | 3.14 | 2.95 | 2.43 | 1.34 |
| EPS (Diluted) | 2.06 | 2.35 | 3.11 | 2.91 | 2.39 | 1.32 |
| Free Cash Flow | 4.10B | 4.37B | 4.19B | 4.19B | 1.51B | 3.04B |
| Free Cash Flow Per Share | 2.72 | 3.04 | 2.92 | 2.90 | 1.05 | 2.13 |
| Dividend Per Share | 1.17 | 1.14 | 1.10 | 1.00 | 0.65 | 0.50 |
| Gross Margin | 16.59% | 18.69% | 20.68% | 19.84% | 18.37% | 15.95% |
| Operating Margin | 13.81% | 15.75% | 17.55% | 16.60% | 14.78% | 12.06% |
| Profit Margin | 8.40% | 9.45% | 12.29% | 12.68% | 12.25% | 8.20% |
| Free Cash Flow Margin | 11.12% | 12.23% | 11.54% | 12.65% | 5.39% | 13.24% |
| EBITDA | 7.39B | 7.73B | 8.25B | 7.26B | 5.82B | 4.47B |
| EBITDA Margin | 20.03% | 21.66% | 22.75% | 21.90% | 20.72% | 19.49% |
| D&A For EBITDA | 2.29B | 2.11B | 1.89B | 1.76B | 1.67B | 1.70B |
| EBIT | 5.09B | 5.62B | 6.37B | 5.50B | 4.15B | 2.77B |
| EBIT Margin | 13.81% | 15.75% | 17.55% | 16.60% | 14.78% | 12.06% |
| Effective Tax Rate | 19.84% | 19.58% | 19.27% | 19.06% | 18.24% | 18.79% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.62B | 3.04B | 3.54B | 2.90B | 1.66B | 1.76B |
| Short-Term Investments | 930.00M | 1.18B | 1.12B | 1.09B | 1.24B | 1.38B |
| Trading Asset Securities | 49.00M | 93.00M | 37.00M | |||
| Cash & Short-Term Investments | 3.60B | 4.30B | 4.71B | 3.99B | 2.89B | 3.14B |
| Receivables | 9.73B | 8.69B | 8.01B | 7.81B | 6.77B | 5.32B |
| Inventory | 5.52B | 5.03B | 4.38B | 4.39B | 4.00B | 3.27B |
| Other Current Assets | 1.65B | 1.49B | 1.48B | 1.53B | 1.34B | 928.00M |
| Total Current Assets | 20.50B | 19.51B | 18.57B | 17.72B | 15.00B | 12.65B |
| Property, Plant & Equipment | 7.71B | 8.77B | 8.06B | 7.96B | 7.14B | 6.98B |
| Long-Term Investments | 1.77B | 3.58B | 3.72B | 3.73B | 3.60B | 3.83B |
| Goodwill | 17.26B | 16.79B | 14.59B | 14.08B | 12.98B | 12.99B |
| Other Intangible Assets | 4.93B | 5.27B | 3.21B | 3.39B | 3.13B | 3.37B |
| Other Long-Term Assets | 4.04B | 937.00M | 785.00M | 1.07B | 1.27B | 1.69B |
| Total Assets | 56.20B | 54.87B | 48.94B | 47.96B | 43.13B | 41.51B |
| Accounts Payable | 9.26B | 4.86B | 4.23B | 4.61B | 3.92B | 3.21B |
| Accrued Expenses | 1.59B | 1.48B | 1.62B | 1.49B | 1.38B | |
| Current Portion of Long-Term Debt | 1.65B | 1.89B | 1.05B | 1.12B | 1.63B | 909.00M |
| Current Portion of Leases | 672.00M | |||||
| Current Income Taxes Payable | 695.00M | 894.00M | 982.00M | 994.00M | 1.00B | 879.00M |
| Current Unearned Revenue | 2.70B | 2.26B | 2.01B | 2.00B | 1.16B | 1.09B |
| Other Current Liabilities | 454.00M | 2.55B | 3.07B | 3.04B | 2.81B | 2.90B |
| Total Current Liabilities | 14.76B | 14.72B | 12.81B | 13.39B | 12.02B | 10.36B |
| Long-Term Debt | 11.16B | 9.75B | 11.21B | 10.91B | 10.92B | 13.36B |
| Long-Term Leases | 233.00M | |||||
| Pension & Post-Retirement Benefits | 470.00M | 479.00M | 512.00M | 175.00M | 165.00M | 231.00M |
| Long-Term Deferred Tax Liabilities | 656.00M | 644.00M | 67.00M | 140.00M | 61.00M | 94.00M |
| Other Long-Term Liabilities | 1.95B | 1.75B | 1.99B | 1.98B | 1.98B | 2.18B |
| Total Liabilities | 28.99B | 27.58B | 26.59B | 26.60B | 25.15B | 26.23B |
| Common Stock | 16.25B | 16.35B | 11.46B | 11.62B | 11.84B | 12.61B |
| Retained Earnings | 19.01B | 18.07B | 16.39B | 13.50B | 10.72B | 8.20B |
| Treasury Stock | -4.70B | -3.58B | -1.77B | -678.00M | -1.02B | -2.23B |
| Comprehensive Income & Other | -4.50B | -4.74B | -4.95B | -4.25B | -3.85B | -3.57B |
| Total Common Equity | 26.05B | 26.11B | 21.13B | 20.19B | 17.68B | 15.00B |
| Minority Interest | 1.16B | 1.18B | 1.22B | 1.17B | 304.00M | 282.00M |
| Shareholders' Equity | 27.21B | 27.29B | 22.35B | 21.36B | 17.99B | 15.29B |
| Total Liabilities & Equity | 56.20B | 54.87B | 48.94B | 47.96B | 43.13B | 41.51B |
| Total Debt | 12.81B | 12.55B | 12.26B | 12.03B | 12.55B | 14.27B |
| Net Cash (Debt) | -9.21B | -8.24B | -7.55B | -8.04B | -9.66B | -11.13B |
| Net Cash Per Share | -6.12 | -5.74 | -5.26 | -5.57 | -6.72 | -7.80 |
| Filing Date Shares Outstanding | 1.48B | 1.50B | 1.40B | 1.43B | 1.42B | 1.40B |
| Total Common Shares Outstanding | 1.48B | 1.50B | 1.40B | 1.43B | 1.42B | 1.40B |
| Working Capital | 5.74B | 4.79B | 5.76B | 4.32B | 2.98B | 2.29B |
| Book Value Per Share | 17.65 | 17.46 | 15.08 | 14.14 | 12.45 | 10.69 |
| Tangible Book Value | 3.86B | 4.04B | 3.33B | 2.71B | 1.57B | -1.35B |
| Tangible Book Value Per Share | 2.62 | 2.70 | 2.38 | 1.90 | 1.11 | -0.96 |
| Land | 368.00M | 315.00M | 323.00M | 326.00M | 372.00M | |
| Buildings | 5.29B | 4.51B | 4.57B | 4.33B | 4.37B | |
| Machinery | 26.39B | 24.75B | 25.07B | 23.73B | 24.33B | |
| Order Backlog | 5.60B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.10B | 3.37B | 4.46B | 4.20B | 3.44B | 1.88B |
| Depreciation & Amortization | 2.29B | 2.11B | 1.89B | 1.76B | 1.67B | 1.70B |
| Other Amortization | 165.00M | 165.00M | 153.00M | 143.00M | 110.00M | 111.00M |
| Loss (Gain) From Sale of Assets | 369.00M | 369.00M | 481.00M | 410.00M | -43.00M | |
| Asset Writedown & Restructuring Costs | 210.00M | 210.00M | 69.00M | |||
| Loss (Gain) From Sale of Investments | -28.00M | 69.00M | -36.00M | -64.00M | 230.00M | |
| Loss (Gain) on Equity Investments | -25.00M | -59.00M | -18.00M | -132.00M | -96.00M | 10.00M |
| Stock-Based Compensation | 326.00M | 332.00M | 316.00M | 293.00M | 313.00M | 324.00M |
| Other Operating Activities | 195.00M | -36.00M | 120.00M | 111.00M | 140.00M | 26.00M |
| Change in Accounts Receivable | -429.00M | -75.00M | -236.00M | -659.00M | -1.73B | -36.00M |
| Change in Inventory | -278.00M | -72.00M | -101.00M | -254.00M | -737.00M | 75.00M |
| Change in Accounts Payable | 791.00M | 218.00M | -635.00M | 780.00M | 704.00M | 160.00M |
| Change in Income Taxes | -225.00M | -141.00M | -51.00M | -62.00M | 96.00M | -154.00M |
| Change in Other Net Operating Assets | -128.00M | 123.00M | 89.00M | 81.00M | -85.00M | 320.00M |
| Operating Cash Flow | 6.36B | 6.49B | 6.60B | 6.64B | 3.72B | 4.65B |
| Capital Expenditures | -2.26B | -2.12B | -2.41B | -2.45B | -2.21B | -1.61B |
| Sale of Property, Plant & Equipment | 338.00M | 338.00M | ||||
| Cash Acquisitions | -613.00M | 292.00M | -553.00M | -242.00M | -58.00M | -103.00M |
| Divestitures | 286.00M | |||||
| Sale (Purchase) of Intangibles | -292.00M | -252.00M | -198.00M | -153.00M | -97.00M | -39.00M |
| Sale (Purchase) of Real Estate | 120.00M | |||||
| Investment in Securities | -715.00M | -33.00M | -32.00M | 254.00M | 1.09B | 896.00M |
| Other Investing Activities | 131.00M | 79.00M | 52.00M | -196.00M | -241.00M | -58.00M |
| Investing Cash Flow | -3.41B | -1.41B | -3.15B | -2.78B | -1.39B | -919.00M |
| Short-Term Debt Issued | 2.00M | 37.00M | ||||
| Long-Term Debt Issued | 1.48B | 994.00M | 34.00M | |||
| Total Debt Issued | 1.33B | 1.48B | 996.00M | 37.00M | 34.00M | |
| Short-Term Debt Repaid | -19.00M | -115.00M | -105.00M | |||
| Long-Term Debt Repaid | -1.60B | -955.00M | -1.58B | -1.65B | -2.08B | |
| Total Debt Repaid | -1.22B | -1.62B | -1.07B | -1.58B | -1.65B | -2.18B |
| Net Debt Issued (Repaid) | 110.00M | -1.62B | 405.00M | -582.00M | -1.61B | -2.15B |
| Issuance of Common Stock | 346.00M | 229.00M | 248.00M | 281.00M | 223.00M | 137.00M |
| Repurchase of Common Stock | -1.83B | -2.48B | -1.83B | -863.00M | -93.00M | -24.00M |
| Common Dividends Paid | -1.73B | -1.60B | -1.53B | -1.32B | -848.00M | -699.00M |
| Other Financing Activities | -234.00M | -178.00M | -65.00M | -31.00M | -51.00M | -91.00M |
| Financing Cash Flow | -3.33B | -5.64B | -2.77B | -2.51B | -2.38B | -2.82B |
| Foreign Exchange Rate Adjustments | -9.00M | 57.00M | -41.00M | -97.00M | -52.00M | 5.00M |
| Net Cash Flow | -393.00M | -508.00M | 644.00M | 1.25B | -102.00M | 913.00M |
| Free Cash Flow | 4.10B | 4.37B | 4.19B | 4.19B | 1.51B | 3.04B |
| Free Cash Flow Margin | 11.12% | 12.23% | 11.54% | 12.65% | 5.39% | 13.24% |
| Free Cash Flow Per Share | 2.72 | 3.04 | 2.92 | 2.90 | 1.05 | 2.13 |
| Levered Free Cash Flow | 3.08B | 2.45B | 2.76B | 2.98B | 420.12M | 2.28B |
| Unlevered Free Cash Flow | 3.39B | 2.80B | 3.08B | 3.30B | 726.38M | 2.62B |
| Cash Interest Paid | 560.00M | 560.00M | 510.00M | 503.00M | 562.00M | 560.00M |
| Cash Income Tax Paid | 1.20B | 1.20B | 1.14B | 1.06B | 716.00M | 591.00M |
| Change in Working Capital | -269.00M | 53.00M | -934.00M | -114.00M | -1.75B | 365.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 78.70B | 57.34B | 54.14B | 74.33B | 75.81B | 42.01B |
| Enterprise Value | 87.91B | 67.82B | 63.87B | 84.30B | 85.86B | 54.76B |
| Last Close Price | 53.74 | 37.76 | 36.56 | 48.41 | 48.79 | 26.93 |
| PE Ratio | 25.85 | 16.99 | 12.14 | 17.68 | 22.03 | 22.33 |
| Forward PE | 18.41 | 13.59 | 11.18 | 15.13 | 18.89 | 17.34 |
| PS Ratio | 2.15 | 1.61 | 1.49 | 2.24 | 2.70 | 1.83 |
| PB Ratio | 3.04 | 2.10 | 2.42 | 3.48 | 4.21 | 2.75 |
| P/TBV Ratio | 20.54 | 14.18 | 16.26 | 27.38 | 48.28 | |
| P/FCF Ratio | 19.34 | 13.13 | 12.93 | 17.73 | 50.04 | 13.84 |
| P/OCF Ratio | 12.47 | 8.84 | 8.20 | 11.20 | 20.38 | 9.03 |
| PEG Ratio | 7.59 | 13.07 | 0.88 | 0.61 | 0.57 | 0.50 |
| EV/Sales Ratio | 2.40 | 1.90 | 1.76 | 2.54 | 3.06 | 2.39 |
| EV/EBITDA Ratio | 11.99 | 8.77 | 7.74 | 11.62 | 14.75 | 12.25 |
| EV/EBIT Ratio | 17.38 | 12.06 | 10.03 | 15.33 | 20.68 | 19.81 |
| EV/FCF Ratio | 21.58 | 15.53 | 15.25 | 20.11 | 56.67 | 18.04 |
| Debt / Equity Ratio | 0.47 | 0.46 | 0.55 | 0.56 | 0.70 | 0.93 |
| Debt / EBITDA Ratio | 1.44 | 1.36 | 1.48 | 1.66 | 2.16 | 3.19 |
| Debt / FCF Ratio | 3.12 | 2.87 | 2.93 | 2.87 | 8.29 | 4.70 |
| Net Debt / Equity Ratio | 0.34 | 0.30 | 0.34 | 0.38 | 0.54 | 0.73 |
| Net Debt / EBITDA Ratio | 1.25 | 1.07 | 0.92 | 1.11 | 1.66 | 2.49 |
| Net Debt / FCF Ratio | 2.25 | 1.89 | 1.80 | 1.92 | 6.38 | 3.67 |
| Asset Turnover | 0.66 | 0.69 | 0.75 | 0.73 | 0.66 | 0.55 |
| Inventory Turnover | 5.68 | 6.17 | 6.57 | 6.33 | 6.31 | 5.82 |
| Quick Ratio | 0.90 | 0.88 | 0.99 | 0.88 | 0.80 | 0.82 |
| Current Ratio | 1.39 | 1.33 | 1.45 | 1.32 | 1.25 | 1.22 |
| Return on Equity (ROE) | 11.66% | 13.90% | 20.95% | 21.73% | 20.99% | 13.88% |
| Return on Assets (ROA) | 5.72% | 6.77% | 8.22% | 7.55% | 6.13% | 4.12% |
| Return on Invested Capital (ROIC) | 11.29% | 13.83% | 17.34% | 15.60% | 12.55% | 8.35% |
| Return on Capital Employed (ROCE) | 12.30% | 14.00% | 17.60% | 15.90% | 13.30% | 8.90% |
| Earnings Yield | 3.87% | 5.88% | 8.24% | 5.66% | 4.54% | 4.48% |
| FCF Yield | 5.17% | 7.62% | 7.74% | 5.64% | 2.00% | 7.23% |
| Dividend Yield | 2.21% | 2.97% | 2.85% | 1.92% | 1.22% | 1.67% |
| Payout Ratio | 57.22% | 47.48% | 34.36% | 31.34% | 24.64% | 37.16% |
| Buyback Yield / Dilution | -6.38% | -0.07% | 0.48% | -0.42% | -0.70% | -2.66% |
| Total Shareholder Return | -4.18% | 2.90% | 3.33% | 1.50% | 0.52% | -0.99% |