Schlumberger
SLB NYSE Oil & Gas Equipment & Services Financials FY2016βFY2025
Schlumberger's revenue fell 1.6% to $35.7 billion in fiscal 2025. Its net margin was 9.4%, down from 12.3% a year earlier. Free cash flow was $4.8 billion, up 2.6%. It paid out $4.0 billion in dividends and buybacks, 84% of free cash flow.
What Schlumberger does
No business description yet.
- Legal name
- SLB LIMITED/NV
- Fiscal year ends
- December 31, 2025
- Latest annual report
- β
- Accession Β· CIK
- 0001193125-26-021017
0000087347
Revenue and margins
Schlumberger had $35.7B of revenue in fiscal 2025, down 1.6% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $4.8B in fiscal 2025, 13.4% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Schlumberger returned $4.0B to shareholders in fiscal 2025, 84% of free cash flow. The diluted share count rose 0.1%.
Value Schlumberger yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
Discounted cash flow
Value per share
β
Adds net cash of β$5.5B and divides by 1,437.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
β
Reference multiples: today 25.6x Β· peers 24.3x Β· sector 16.9x.
Balance sheet
Cash, debt and the ratios that show how comfortably Schlumberger can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $3.1B | $2.9B | $4.0B | $4.7B | $4.2B |
| Debt incl. finance leases | $13.3B | $10.6B | $10.8B | $11.0B | $9.7B |
| Net debt / EBITDA | 1.9x | 1.1x | 0.8x | 0.7x | 0.7x |
| Debt / equity | 0.9x | 0.6x | 0.5x | 0.5x | 0.4x |
| Interest coverage | 6.2x | 10.2x | 13.0x | 12.1x | 8.7x |
| Current ratio | 1.2x | 1.3x | 1.3x | 1.5x | 1.3x |
| Quick ratio | 0.9x | 0.9x | 1.0x | 1.1x | 1.0x |
| Total assets | $41.5B | $43.1B | $48.0B | $48.9B | $54.9B |
| Total liabilities | $26.2B | $25.1B | $26.6B | $26.6B | $27.6B |
| Shareholders' equity | $15.0B | $17.7B | $20.2B | $21.1B | $26.1B |
| Net debt (β = net cash) | $10.1B | $7.7B | $6.9B | $6.4B | $5.5B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$12.7M
3 insiders
Of sales under plans
74%
$9.4M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Peuch Olivier LeChief Executive Officer, Director | Sold plan | 35,000 | $60.00 | $2.1M | Form 4 |
| Aug 31, 2026 | Peuch Olivier LeChief Executive Officer, Director | Sold plan | 5,000 | $60.00 | $0.3M | Form 4 |
| Aug 27, 2026 | Peuch Olivier LeChief Executive Officer, Director | Sold plan | 5,000 | $55.00 | $0.3M | Form 4 |
| Aug 26, 2026 | Peuch Olivier LeChief Executive Officer, Director | Sold plan | 25,000 | $52.55 | $1.3M | Form 4 |
| May 27, 2026 | Peuch Olivier LeChief Executive Officer, Director | Sold plan | 25,000 | $56.99 | $1.4M | Form 4 |
| May 7, 2026 | La Chevardiere Patrick deDirector | Sold | 2,000 | $54.33 | $0.1M | Form 4 |
| May 1, 2026 | Steve Matthew GassenEVP, Geographies | Sold | 53,379 | $56.18 | $3.0M | Form 4 |
| Apr 29, 2026 | Peuch Olivier LeChief Executive Officer, Director | Sold plan | 25,000 | $56.48 | $1.4M | Form 4 |
| Mar 26, 2026 | La Chevardiere Patrick deDirector | Sold | 2,000 | $51.95 | $0.1M | Form 4 |
| Mar 25, 2026 | La Chevardiere Patrick deDirector | Sold | 2,000 | $52.10 | $0.1M | Form 4 |
| Mar 25, 2026 | Peuch Olivier LeChief Executive Officer, Director | Sold plan | 25,000 | $50.56 | $1.3M | Form 4 |
| Feb 25, 2026 | Peuch Olivier LeChief Executive Officer, Director | Sold plan | 25,000 | $52.00 | $1.3M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 7 / 8 | 6 / 8 | 4 / 8 |
| Accruals ratio | β5.3% | β4.4% | β6.0% |
| Altman Z'' | 3.27 | 3.60 | 3.28 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Schlumberger SLB | $79.9B | β1.6% | β | 13.4% | 12.7% | 25.6x | 4 | |
| Baker Hughes BKR | β | β0.3% | β | 9.2% | 14.1% | β | β | Compare β |
| Halliburton HAL | $29.1B | β3.3% | 10.2% | 7.5% | 10.5% | β | 5 | Compare β |
| TechnipFMC FTI | $28.3B | 9.4% | 14.5% | 14.6% | 37.2% | 24.3x | 8 | Compare β |
| NOV NOV | $7.2B | β1.4% | 5.7% | 10.0% | 3.5% | 79.0x | 5 | Compare β |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $27.8B | $30.4B | $32.8B | $32.9B | $23.6B | $22.9B | $28.1B | $33.1B | $36.3B | $35.7B |
| Gross profit | $20.8B | $22.1B | β | β | β | β | β | β | β | β |
| Research and development | $1.0B | $787M | $702M | $717M | $580M | $554M | $634M | $711M | $749M | $709M |
| Operating income | $3.3B | $3.9B | $4.2B | $4.0B | $2.4B | $3.4B | $5.0B | $6.5B | β | β |
| Interest expense | $570M | $566M | $575M | $609M | $563M | $539M | $490M | $503M | $512M | $558M |
| Pretax income | β$1.9B | β$1.2B | $2.6B | β$10.4B | β$11.3B | $2.4B | $4.3B | $5.3B | $5.7B | $4.3B |
| Income tax | β$278M | $330M | $447M | β$311M | β$812M | $446M | $779M | $1.0B | $1.1B | $840M |
| Net income | β$1.7B | β$1.5B | $2.1B | β$10.1B | β$10.5B | $1.9B | $3.4B | $4.2B | $4.5B | $3.4B |
| Diluted EPS | β$1.24 | β$1.08 | $1.53 | β$7.32 | β$7.57 | $1.32 | $2.39 | $2.91 | $3.11 | $2.35 |
| Diluted shares | 1.36B | 1.39B | 1.39B | 1.39B | 1.39B | 1.43B | 1.44B | 1.44B | 1.44B | 1.44B |
| Cash flow | ||||||||||
| Cash from operations | $6.3B | $5.7B | $5.7B | $5.4B | $2.9B | $4.7B | $3.7B | $6.6B | $6.6B | $6.5B |
| Capital expenditure | $2.1B | $2.1B | $2.2B | $1.7B | $1.1B | $1.1B | $1.6B | $1.9B | $1.9B | $1.7B |
| Free cash flow | $4.2B | $3.6B | $3.6B | $3.7B | $1.8B | $3.5B | $2.1B | $4.7B | $4.7B | $4.8B |
| Depreciation and amortization | $4.1B | $3.8B | $3.6B | $3.6B | $2.6B | $2.1B | $2.1B | $2.3B | $2.5B | $2.6B |
| Stock-based compensation | $267M | $343M | $345M | $405M | $397M | $324M | $313M | $293M | $316M | $332M |
| Acquisitions | $2.4B | $847M | $292M | $23.0M | $33.0M | $103M | $58.0M | $242M | $553M | $0.0M |
| Share buybacks | $778M | $969M | $400M | $278M | $26.0M | $0.0M | $0.0M | $694M | $1.7B | $2.4B |
| Dividends paid | $2.6B | $2.8B | $2.8B | $2.8B | $1.7B | $699M | $848M | $1.3B | $1.5B | $1.6B |
| Dividends and buybacks | $3.4B | $3.7B | $3.2B | $3.0B | $1.8B | $699M | $848M | $2.0B | $3.3B | $4.0B |
| Balance sheet | ||||||||||
| Cash and short-term investments | $9.3B | $5.1B | $2.8B | $2.2B | $3.0B | $3.1B | $2.9B | $4.0B | $4.7B | $4.2B |
| Total debt | $19.6B | β | $14.6B | $14.8B | $16.0B | $13.3B | $10.6B | $10.8B | $11.0B | $9.7B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $23.9B | $18.5B | $15.7B | $15.5B | $12.9B | $12.7B | $15.0B | $17.7B | $18.6B | $19.5B |
| Current liabilities | $15.1B | $15.3B | $13.5B | $13.1B | $10.5B | $10.4B | $12.0B | $13.4B | $12.8B | $14.7B |
| Inventory | $4.2B | $4.0B | $4.0B | $4.1B | $3.4B | $3.3B | $4.0B | $4.4B | $4.4B | $5.0B |
| Property and equipment, net | $12.8B | $11.6B | $11.7B | $9.3B | $6.8B | $6.4B | $6.6B | $7.2B | $7.4B | $7.9B |
| Total assets | $78.0B | $72.0B | $70.5B | $56.3B | $42.4B | $41.5B | $43.1B | $48.0B | $48.9B | $54.9B |
| Total liabilities | $36.4B | $34.7B | $33.9B | $32.1B | $29.9B | $26.2B | $25.1B | $26.6B | $26.6B | $27.6B |
| Shareholders' equity | $41.1B | $36.8B | $36.2B | $23.8B | $12.1B | $15.0B | $17.7B | $20.2B | $21.1B | $26.1B |
| Margins | ||||||||||
| Gross margin | 74.6% | 72.6% | β | β | β | β | β | β | β | β |
| Operating margin | 11.8% | 12.9% | 12.8% | 12.1% | 10.2% | 14.7% | 17.8% | 19.7% | β | β |
| EBITDA margin | 26.5% | 25.5% | 23.6% | 23.0% | 21.1% | 23.9% | 25.5% | 26.7% | 24.0% | 21.0% |
| Net margin | β6.1% | β4.9% | 6.5% | β30.8% | β44.6% | 8.2% | 12.3% | 12.7% | 12.3% | 9.5% |
| FCF margin | 15.1% | 11.7% | 10.8% | 11.3% | 7.8% | 15.3% | 7.5% | 14.2% | 12.9% | 13.4% |
| Returns | ||||||||||
| Return on capital | 5.5% | β | β | 7.4% | 6.1% | 10.7% | 16.0% | 19.6% | 17.5% | 12.7% |
| Return on capital employed | 5.6% | 6.6% | 7.4% | 7.9% | 6.4% | 10.7% | 16.1% | 19.9% | 17.5% | 12.7% |
| Return on equity | β4.4% | β3.9% | 5.9% | β33.8% | β58.7% | 13.9% | 21.1% | 22.2% | 21.6% | 14.3% |
| Return on assets | β2.3% | β2.0% | 3.0% | β16.0% | β21.3% | 4.5% | 8.1% | 9.2% | 9.2% | 6.5% |
| Growth | ||||||||||
| Revenue growth | β21.6% | 9.5% | 7.8% | 0.3% | β28.3% | β2.9% | 22.5% | 18.0% | 9.5% | β1.6% |
| Net income growth | β181.4% | β | β | β574.1% | β | β | 82.9% | 22.1% | 6.1% | β24.4% |
| EPS growth | β176.1% | β | β | β578.4% | β | β | 81.1% | 21.8% | 6.9% | β24.4% |
| FCF growth | β34.2% | β15.5% | β0.1% | 4.3% | β50.7% | 92.0% | β40.1% | 123.5% | β0.6% | 2.7% |
| Share count change | 6.4% | 2.3% | 0.4% | β0.6% | 0.4% | 2.7% | 0.7% | 0.4% | β0.5% | 0.1% |
| Financial health | ||||||||||
| Net debt / EBITDA | 1.4x | β | 1.5x | 1.7x | 2.6x | 1.9x | 1.1x | 0.8x | 0.7x | 0.7x |
| Debt / equity | 0.5x | β | 0.4x | 0.6x | 1.3x | 0.9x | 0.6x | 0.5x | 0.5x | 0.4x |
| Interest coverage | 5.7x | 6.9x | 7.3x | 6.5x | 4.3x | 6.2x | 10.2x | 13.0x | 12.1x | 8.7x |
| Current ratio | 1.6x | 1.2x | 1.2x | 1.2x | 1.2x | 1.2x | 1.3x | 1.3x | 1.5x | 1.3x |
| Quick ratio | 1.3x | 1.0x | 0.9x | 0.9x | 0.9x | 0.9x | 0.9x | 1.0x | 1.1x | 1.0x |
| Capital allocation | ||||||||||
| Capex / revenue | 7.4% | 6.9% | 6.6% | 5.2% | 4.7% | 5.0% | 5.8% | 5.9% | 5.3% | 4.7% |
| Stock comp / revenue | 1.0% | 1.1% | 1.1% | 1.2% | 1.7% | 1.4% | 1.1% | 0.9% | 0.9% | 0.9% |
| Payouts / FCF | 81.4% | 105.4% | 89.2% | 82.2% | 96.3% | 19.9% | 40.3% | 42.8% | 70.0% | 83.8% |
| Quality scores | ||||||||||
| Piotroski F-score | 4.0 | β | β | 5.0 | 3.0 | 6.0 | 7.0 | 7.0 | 6.0 | 4.0 |
| Altman Z'' | 3.8 | 3.2 | 3.2 | 2.6 | 1.7 | 2.2 | 2.8 | 3.3 | 3.6 | 3.3 |
| Accruals ratio | β10.9% | β9.6% | β5.0% | β24.6% | β27.3% | β6.6% | β0.7% | β5.3% | β4.4% | β6.0% |
Source: SEC EDGAR XBRL filings (CIK 0000087347). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.