Schlumberger (SLB)
Energy · $77.7B market cap · SEC CIK 0000087347
fundamentals score out of 100
Next reports on Oct 16, 2026, before the open, with analysts expecting $0.62 in earnings per share.
The case for SLB
- Pays a modest 1.9% dividend.
- Up 50.3% over the past year.
The case against
- Earnings per share down 29.4%.
- Priced at 25.1× earnings while earnings per share are shrinking (-29.4%).
- Profitability is weak (39/100): return on equity 12%, net margin 8.5%, gross margin 17%, 142% of profit turned to cash.
- Revenue grew only 2.5%, roughly the pace of inflation.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Energy companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 44 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 29 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 39 |
| Momentumhow the price has behaved lately | 75 |
| Stabilityhow violently it moves, what it owes and what it pays you | 48 |
- Each factor except momentum is half fixed thresholds, half rank among the 21 Energy companies.
Key numbers
| Price / earnings | 25.1× |
|---|---|
| Price / book | 2.67× |
| Price / sales | 2.1× |
| Revenue growth (YoY) | +2.5% |
| EPS growth (YoY) | -29.4% |
| Gross margin | 17% |
| Operating margin | 11% |
| Net margin | 9% |
| Return on equity | 12% |
| Debt / equity | 0.49× |
| Current ratio | 1.44 |
| Dividend yield | 1.90% |
| Beta | 0.82 |
| 52-week range | $31.64 – $60.46 |
| Position in that range | 71% of the way up |
| 3-month return | +7.6% |
| 1-year return | +50.3% |
Five years of financials, as filed
Pulled from Schlumberger's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $35.7B | $36.3B | $33.1B | $28.1B | $22.9B |
| Operating income | — | — | $6.5B | $5.0B | $3.4B |
| Net income | $3.4B | $4.5B | $4.2B | $3.4B | $1.9B |
| Operating cash flow | $6.5B | $6.6B | $6.6B | $3.7B | $4.7B |
| Capital expenditure | $1.7B | $1.9B | $1.9B | $1.6B | $1.1B |
| Total assets | $54.9B | $48.9B | $48.0B | $43.1B | $41.5B |
| Total liabilities | $27.6B | $26.6B | $26.6B | $25.1B | $26.2B |
| Shareholder equity | $26.1B | $21.1B | $20.2B | $17.7B | $15.0B |
| Long-term debt | $9.7B | $11.0B | $10.8B | $10.6B | $13.3B |
| Free cash flow | $4.8B | $4.7B | $4.7B | $2.1B | $3.5B |
| Operating margin | — | — | 19.7% | 17.8% | 14.7% |
| Net margin | 9.4% | 12.3% | 12.7% | 12.2% | 8.2% |
| Diluted shares | 1.4B | 1.4B | 1.4B | 1.4B | 1.4B |
Share count is essentially flat over 4 years.
What Schlumberger says it does
—Information About Our Executive Officers" of this Report for information regarding SLB’s executive officers. The information set forth under the captions "Election of Directors," "Corporate Governance—Process for Selecting New Directors," and "Corporate Governance—Board Committees" in SLB’s 2026 Proxy Statement is incorporated herein by reference. The information set forth under the caption "Stock Ownership Information—Delinquent Section 16(a) Reports" in SLB’s 2026 Proxy Statement is incorporated herein by reference to the extent any disclosure is required. SLB has a Code of Conduct that applies to all of its directors, officers and employees, including its principal executive, financial and accounting officers, or persons performing similar functions. SLB’s Code of Conduct is posted on its website at https://www.slb.com/about/who-we-are/our-code-of-conduct. SLB will provide, without charge, upon request, copies of our Code of…
Risk factors SLB lists in its 10-K
- Change in net debt before impact of changes in foreign exchange rates
- (Stated in millions, except per share amounts)
- Goodwill, Intangible Assets and Long-Lived Assets
- Revenue Recognition for Certain Long-term Construction-type Contracts
- Pension and Postretirement Benefits
- (Stated in millions, except per share amounts