— Know what they know.
/
Not Investment Advice

SLB

NYSE · USD
Slb N.V.
Energy · Oil & Gas Equipment & Services
CEO Olivier Le Peuch Employees 109,000 R&D / revenue 2.0%
Last price
$49.50+2.34%last session
Market cap
$73.5B
P/E (TTM)
23.8x
From 52w high
−18.1%
From 52w low
+56.4%
1-year return
+51.5%
RSI 14 · vs SMA200
44.5 · −2.9%
IS score
50.9/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

SLB   SPY   XLE (sector ETF) · weekly closes
100120140160180Jan 26Apr 26Jul 26Oct 26XLE 160SLB 152SPY 116

Score DNA

Each bar is a 0-100 score within the scored universe
35
Profitability
24
Growth
53
Value
57
Momentum
80
Risk (safety)
68
Quality
67
Balance sheet
62
Earnings quality

Flags

Strengths
✓ FCF yield 5%+
Warnings
▲ Share count rising
Observations
Moat model: Weak, Efficient ScalePiotroski 5 / 9Altman Z 3.0Beta 0.772 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
9 open-market sales, $9.9M
Form 144 notices (12m): 19, $27.4M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+8
174 new holders, 148 closed
1,710 filers hold 92.6% · 609 added, 677 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+141
485 funds adding shares
344 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
57.1%
20-day avg 52.9%, 50-day avg 50.3%
Latest 4.2 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$35.7B
Revenue growth YoY−1.6%
Gross margin18.2%
Operating income$5.5B
Operating margin15.3%
Net income$3.4B
Net margin9.4%
EPS (diluted)$2.35
Cash flow
Operating cash flow$6.5B
Capital expenditure$1.7B
Free cash flow$4.8B
FCF conversion (FCF / OCF)73.9%
Stock-based compensation$332.0M
FCF less SBC$4.5B
Buybacks$2.4B
Dividends$1.6B
Balance sheet & returns
Cash & short-term investments$4.2B
Total debt$12.3B
Net debt$8.1B
Shareholders' equity$27.3B
Goodwill & intangibles$21.8B
Debt / equity0.49
ROE (TTM)11.8%
ROIC (TTM)9.2%
Operating margin by fiscal year
12.1%FY202114.8%FY202216.6%FY202317.4%FY202415.3%FY2025
Revenue $22.9B (FY2021) to $35.7B (FY2025), a 11.7% CAGR.

Valuation

P/E (TTM)23.8x
EV / EBITDA11.7x
Price / sales2.02x
Price / FCF16.1x
FCF yield6.20%
Buyback yield3.29%
SBC / revenue0.9%
Price / book2.85x
Forward P/E FY202620.2x
Forward P/E FY202715.5x
Forward P/E FY202813.1x
Forward multiples divide today's price by Street EPS estimates. Street mean target $67.43 across 7 analysts last quarter is theirs, not ours.

SLB vs industry median

135 companies in Oil & Gas Equipment & Services
Gross margin 16.5% 23.5% Operating margin 13.4% 8.0% Net margin 8.5% 4.6% ROIC 9.2% 5.5%
SLB (TTM)Industry median Asset turnover 0.65 vs industry 0.73 · financial leverage 2.13

Earnings delivery

Next report 2026-10-23 · consensus EPS $0.62
83%
beat rate, 10 of 12 quarters
+2.4%
median EPS surprise
5
longest beat streak
+1+2+0+2+1+2-2+2+5+5+3+8
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-20 to 2026-07-24. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
SLB Slb N.V. $73.5B23.8x11.8%8.5%−1.6% +51.5%
BKR Baker Hughes Company $55.3B17.7x16.5%10.1%+0.4% +25.4%
TS Tenaris S.A. $31.9B15.8x11.4%16.1%+2.3% +75.4%
HAL Halliburton Company $27.9B17.5x14.9%9.3%+0.6% +54.6%
FTI TechnipFMC plc $27.3B23.8x36.0%13.1%+9.5% +95.4%
KMI Kinder Morgan, Inc. $76.2B21.9x11.1%19.4%+12.7% —
ET Energy Transfer LP $69.7B12.6x16.6%6.1%+29.7% —
EPD Enterprise Products Partners $79.5B12.8x21.2%10.1%+6.8% —
12-month window: SPY +15.9%, sector ETF XLE +60.0%. Past returns describe history only.

Recent 8-K filings

2026-10-06Officer/Director Change
2026-08-31Regulation FD; Exhibits
2026-07-24Earnings Release; Regulation FD; Exhibits
2026-06-10Regulation FD; Exhibits
2026-05-12Other Events; Exhibits
2026-04-24Earnings Release; Regulation FD; Exhibits

Context

Shares outstanding1,484,143,231
Free float99.7%
Institutional ownership92.6%
Beta0.77
Dividend yield2.36%
Last dividend$0.29 on 2026-09-02
50 / 200-day average$52.70 / $50.98
Large-cap Energy median P/E17.7x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where SLB sits among 33 scored companies in Oil & Gas Equipment & Services (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureSLBIndustry medianIndustry percentileSector median
P/E (TTM) 23.9x 23.6x
52nd		 16.6x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 2.0x 1.2x
66th		 1.8x
Price / book 2.8x 1.9x
69th		 1.9x
Price / tangible book 16.8x 3.6x
100th		 1.9x
Price / free cash flow 15.5x 16.0x
43rd		 11.9x
Price / operating cash flow 11.2x 9.5x
68th		 6.9x
Enterprise value $82.2B $2.7B
100th		 $5.3B
EV / sales 2.3x 1.6x
66th		 2.4x
EV / EBITDA 11.5x 9.6x
81st		 9.0x
EV / EBIT 18.7x 16.8x
64th		 14.1x
EV / free cash flow 17.3x 17.2x
52nd		 14.6x
Earnings yield 4.2% 3.1%
56th		 4.6%
FCF yield 6.5% 5.4%
72nd		 5.8%
Operating cash flow yield 8.9% 10.3%
34th		 13.6%
Graham number (per share) $28.04 $15.97
74th		 $32.92

Profitability (TTM)

MeasureSLBIndustry medianIndustry percentileSector median
Gross margin 16.5% 23.0%
31st		 31.9%
EBITDA margin 19.7% 16.7%
72nd		 26.7%
Operating margin 13.4% 11.4%
69th		 15.2%
EBIT margin 12.1% 10.1%
62nd		 13.3%
Net margin 8.5% 5.8%
75th		 8.0%
NOPAT margin 10.9% 10.0%
59th		 12.4%
FCF margin 13.1% 6.4%
81st		 7.8%
Operating cash flow margin 18.0% 15.0%
69th		 21.8%
R&D / revenue 1.9% 0.0%
97th		 0.0%
SG&A / revenue 0.9% 10.0%
0th		 6.7%
Stock comp / revenue 0.9% 1.0%
48th		 0.7%
Effective tax rate 19.0% 21.2%
26th		 21.0%

Returns on capital

MeasureSLBIndustry medianIndustry percentileSector median
ROE (on average equity) 13.3% 6.9%
72nd		 12.2%
ROA 5.9% 3.3%
72nd		 4.8%
ROIC 11.3% 7.8%
66th		 9.9%
ROCE 10.6% 7.7%
66th		 9.8%
Return on tangible assets 8.4% 7.0%
69th		 8.3%
Cash ROIC (OCF / invested capital) 18.8% 17.3%
69th		 18.4%
Gross profitability (GP / assets) 10.8% 14.4%
28th		 14.8%
ROIC, 3-yr average 11.1% 5.4%
71st		 7.0%
ROIC, 5-yr average 12.2% 5.9%
77th		 10.1%
ROE, 5-yr average 18.0% 8.7%
96th		 14.8%
Incremental ROIC 13.0% 6.4%
61st		 14.8%

Growth

MeasureSLBIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 2.5% 3.2%
48th		 10.2%
Revenue growth (QoQ) 2.9% 8.2%
31st		 13.0%
Revenue CAGR, 3 yr 5.2% 5.1%
52nd		 2.0%
Revenue CAGR, 5 yr 10.9% 19.7%
31st		 13.7%
Gross profit CAGR, 3 yr -0.2% 7.2%
36th		 1.7%
Operating income CAGR, 3 yr -0.8% 7.0%
35th		 -2.0%
Net income growth (TTM YoY) -24.8% -12.5%
35th		 23.5%
Net income CAGR, 3 yr -7.9% -10.6%
53rd		 -7.8%
EPS growth (TTM YoY) -32.2% -11.5%
35th		 19.9%
EPS CAGR, 3 yr -9.4% -10.3%
53rd		 -9.8%
EPS CAGR, 5 yr 23.1% 23.1%
50th		 20.5%
FCF growth (TTM YoY) 2.1% 5.4%
48th		 19.9%
FCF CAGR, 3 yr 14.0% 9.6%
53rd		 -3.4%
Operating cash flow CAGR, 3 yr 8.5% 15.2%
42nd		 3.2%
Book value CAGR, 3 yr 10.1% 7.6%
62nd		 5.6%
Dividend CAGR, 3 yr 1.2% 1.4%
47th		 -0.1%
Sustainable growth rate 6.0% 5.8%
52nd		 9.4%

Margin history & stability

MeasureSLBIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 18.9% 22.0%
34th		 31.0%
Operating margin, 3-yr average 15.8% 9.3%
76th		 15.4%
Net margin, 3-yr average 10.9% 6.0%
86th		 8.7%
FCF margin, 3-yr average 12.8% 6.0%
90th		 7.2%
Revenue stability (0-1) 0.88 0.81
66th		 0.64
Earnings stability (0-1) 0.42 0.40
52nd		 0.22
Margin stability (0-1) 0.84 0.61
83rd		 0.73

Liquidity (latest quarter)

MeasureSLBIndustry medianIndustry percentileSector median
Cash & short-term investments $4.1B $175.0M
97th		 $248.6M
Net cash (− = net debt) −$8.7B −$193.8M
0th		 −$1.1B
Working capital $6.2B $420.6M
94th		 $205.0M
Current ratio 1.44 2.12
16th		 1.41
Quick ratio 1.05 1.58
16th		 1.13
Cash ratio (cash + ST investments / current liabilities) 0.29 0.38
44th		 0.36
Defensive interval (days) 4,231 days 1,011 days
97th		 768 days

Leverage & solvency (latest quarter)

MeasureSLBIndustry medianIndustry percentileSector median
Total debt $12.8B $597.0M
97th		 $1.3B
Debt / equity 0.49 0.55
44th		 0.61
Net debt / equity 0.33 0.25
56th		 0.45
Debt / assets 23.0% 27.6%
47th		 28.7%
Debt / capital 32.9% 35.4%
44th		 37.9%
Debt / EBITDA 1.79 1.93
45th		 1.98
Net debt / EBITDA 1.22 1.01
58th		 1.43
Interest coverage (EBIT / interest) 8.6x 4.7x
77th		 4.1x
Cash interest coverage 12.8x 9.7x
65th		 6.7x
Debt payback (years of OCF) 2.0 yrs 2.4 yrs
42nd		 2.3 yrs
Liabilities / assets 50.9% 53.5%
41st		 54.6%
IS credit model rating A+ — —
Implied credit spread (bps) 125 175
22nd		 275

Efficiency

MeasureSLBIndustry medianIndustry percentileSector median
Asset turnover 0.70 0.71
44th		 0.49
Fixed asset turnover 4.70 2.69
88th		 0.94
Inventory turnover 6.0 6.4
42nd		 11.7
Receivables turnover 4.1 5.3
16th		 7.8
Days sales outstanding 89 days 69 days
84th		 46 days
Days inventory outstanding 61 days 57 days
58th		 31 days
Days payables outstanding 127 days 42 days
97th		 41 days
Cash conversion cycle (days) 23 days 73 days
9th		 18 days
Capex / revenue 4.9% 6.1%
47th		 11.9%
Capex / depreciation 0.64 0.89
28th		 1.04
Operating expense ratio 3.6% 12.7%
9th		 16.5%

Cash flow & earnings quality

MeasureSLBIndustry medianIndustry percentileSector median
Operating cash flow / net income 2.12 3.46
37th		 2.02
FCF / net income 1.55 1.03
67th		 0.96
FCF / operating cash flow 72.8% 45.3%
74th		 48.4%
Capex / operating cash flow 27.2% 54.7%
26th		 51.6%
Accruals ratio -6.6% -7.7%
75th		 -7.7%
Sloan accruals ratio -1.9% -4.0%
59th		 -4.7%
Earnings quality score (0-1) 0.75 0.75
4th		 0.75

Dividends & buybacks

MeasureSLBIndustry medianIndustry percentileSector median
Dividend yield 2.4% 0.8%
84th		 1.7%
Dividend per share (TTM) $1.17 $0.20
94th		 $0.66
Payout ratio (dividends / net income) 55.1% 32.5%
74th		 29.4%
Dividends / FCF 35.6% 14.7%
85th		 28.1%
Dividend growth (YoY) -1.7% 3.2%
26th		 0.5%
Buyback yield -1.5% 0.4%
0th		 0.2%
Shareholder yield (dividends + buybacks) 0.8% 2.1%
31st		 3.2%
Share count change (YoY) 10.9% 0.6%
90th		 0.2%
Buybacks, last 5 years $12.6B $66.3M
100th		 $38.8M

Scores & forensic checks

MeasureSLBIndustry medianIndustry percentileSector median
IS score 51 45
66th		 51
IS profitability 35 31
53rd		 50
IS growth 24 37
19th		 61
IS value 53 50
62nd		 57
IS momentum 57 65
32nd		 77
IS risk (safety) 80 65
62nd		 50
IS quality 68 67
62nd		 68
IS balance sheet 67 67
53rd		 55
IS earnings quality 62 61
56th		 65
IS cash flow 61 42
66th		 50
Piotroski F-score (0-9) 5 6
16th		 6
Altman Z-score 3.0 2.5
62nd		 2.0
Beneish M-score −2.53 −2.62
65th		 −2.62
Ohlson O-score −8.91 −7.81
16th		 −7.87
IS credit score 80 69
78th		 58

Per share

MeasureSLBIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $2.03 $0.83
78th		 $1.88
Book value per share $17.21 $11.71
69th		 $14.22
Tangible book per share $3.59 $10.62
16th		 $12.86
Revenue per share $24.00 $15.68
69th		 $19.06
FCF per share $3.14 $0.98
75th		 $2.05
Operating cash flow per share $4.31 $3.28
59th		 $4.95
Cash per share $2.69 $1.70
59th		 $1.70

Size (TTM)

MeasureSLBIndustry medianIndustry percentileSector median
Market cap $73.5B $2.0B
100th		 $4.1B
Revenue $36.4B $1.4B
100th		 $2.0B
EBITDA $7.2B $286.0M
100th		 $606.3M
Net income $3.1B $61.6M
97th		 $134.0M
Free cash flow $4.8B $53.8M
100th		 $199.4M
Total assets $55.5B $2.5B
100th		 $4.4B
Shareholders' equity $26.1B $1.1B
100th		 $1.8B
Employees 109,000 2,893
100th		 1,717

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-01Le Peuch Olivier
Director, Chief Executive Officer
 Open-market sale 35,000$60.00$2.1M1,296,328
2026-08-31Le Peuch Olivier
Director, Chief Executive Officer
 Open-market sale 5,000$60.00$300,0001,331,328
2026-08-27Le Peuch Olivier
Director, Chief Executive Officer
 Open-market sale 5,000$55.00$275,0001,336,328
2026-08-26Le Peuch Olivier
Director, Chief Executive Officer
 Open-market sale 25,000$52.55$1.3M1,341,328
2026-05-27Le Peuch Olivier
Director, Chief Executive Officer
 Open-market sale 25,000$56.99$1.4M1,366,328
2026-05-07De La Chevardiere Patrick
Director
 Open-market sale 2,000$54.33$108,66016,953
2026-05-01Gassen Steve Matthew
EVP, Geographies
 Option exercise 21,980$38.75$851,72580,800
2026-05-01Gassen Steve Matthew
EVP, Geographies
 Option exercise 11,399$41.47$472,71758,820
2026-05-01Gassen Steve Matthew
EVP, Geographies
 Open-market sale 33,379$56.19$1.9M47,421
2026-05-01Gassen Steve Matthew
EVP, Geographies
 Open-market sale 20,000$56.16$1.1M47,421
2026-05-01Gassen Steve Matthew
EVP, Geographies
 Option exercise 11,399$41.47$472,7170
2026-05-01Gassen Steve Matthew
EVP, Geographies
 Option exercise 21,980$38.75$851,7250

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired829,446—
Open-market saleDisposed9175,379$9.9M
Option exerciseDisposed233,379$1.3M
Option exerciseAcquired233,379$1.3M
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 19 notices · 545,978 shares · $27.4M
FiledFilerShares proposedEst. proceeds
2026-09-02Le Peuch Olivier35,000$2.1M
2026-09-01Le Peuch Olivier35,000$2.1M
2026-08-31Le Peuch Olivier5,000$300,000
2026-08-27Le Peuch Olivier5,000$275,000
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 3 trades (1 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2025-10-30Lisa C. McClainHouseSale (Full)$1,001 - $15,0002025-11-24
2025-10-29Lisa C. McClainHousePurchase$1,001 - $15,0002025-11-24
2025-10-29Lisa C. McClainHouseSale (Full)$1,001 - $15,0002025-11-24
2025-09-25Lisa McClainHousePurchase$1,001 - $15,0002025-10-23
2024-05-14Gary PetersSenateSale (Full)$1,001 - $15,0002024-05-23
2024-05-14Gary PetersSenateSale (Full)$1,001 - $15,0002024-05-22
2024-05-14Gary C. PetersSenateSale (Full)$1,001 - $15,0002024-05-22
2020-08-18Angus KingSenateSale (Full)$1,001 - $15,0002020-09-16
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.116,151,208$5.4B7.83%
VANGUARD CAPITAL MANAGEMENT LLC97,674,144$4.5B6.58%
STATE STREET CORP91,222,641$4.3B6.15%
VANGUARD PORTFOLIO MANAGEMENT LLC75,128,679$3.5B5.06%
PRICE T ROWE ASSOCIATES INC /MD/61,619,448$2.9B4.15%
Sixth Street Partners Management Company, L.P.48,266,152$2.2B3.25%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC48,266,152$2.2B3.25%
Capital World Investors47,500,241$2.2B3.20%
MORGAN STANLEY36,690,395$1.7B2.47%
GEODE CAPITAL MANAGEMENT, LLC35,283,508$1.6B2.38%
First Eagle Investment Management, LLC28,913,733$1.3B1.95%
FMR LLC27,558,930$1.3B1.86%
Bank of New York Mellon Corp27,248,889$1.3B1.84%
UBS Group AG25,228,364$1.2B1.70%
DEUTSCHE BANK AG\23,872,192$1.1B1.61%

Institutional ownership by quarter

2023-092026-0692.6%
% of shares held by 13F filers
2023-092026-061,710
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,71092.6%174609677148
2026-03-311,70288.3%285638563132
2025-12-311,57685.1%239544605123
2025-09-301,49482.0%167654491127
2025-06-301,47477.5%121515655197
2025-03-311,56779.2%188663534131
2024-12-311,53279.2%232559569145
2024-09-301,47678.0%155614519140
2024-06-301,47479.1%136621500174
2024-03-311,54077.8%157614551127
2023-12-311,53278.1%197534603146
2023-09-301,50778.7%18453157390

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-07-31SCHEDULE 13GVanguard Portfolio Management5.0%75,395,095
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%112,250,251
2025-11-14SCHEDULE 13G/AT. Rowe Price Associates, Inc.4.0%59,641,536
2025-10-30SCHEDULE 13G/AThe Vanguard Group12.4%185,363,911
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.10%$2.3B
VTI0.10%$2.3B
VSMPX0.10%$2.3B
VTSAX0.10%$2.3B
SCHD1.80%$2.0B
VFFSX0.11%$1.9B

Share structure

Shares outstanding1,484,143,231
Float1,479,512,704
Free float99.7%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$22.9B$28.1B$33.1B$36.3B$35.7B
Cost of revenue$19.3B$22.9B$26.6B$28.8B$29.2B
Gross profit$3.7B$5.2B$6.6B$7.5B$6.5B
R&D$554.0M$634.0M$711.0M$749.0M$709.0M
SG&A$339.0M$376.0M$364.0M$385.0M$339.0M
Operating income$2.8B$4.2B$5.5B$6.3B$5.5B
EBITDA$4.6B$6.4B$7.5B$8.1B$7.1B
Pretax income$2.4B$4.3B$5.3B$5.7B$4.3B
Income tax$446.0M$779.0M$1.0B$1.1B$816.0M
Net income$1.9B$3.4B$4.2B$4.5B$3.4B
EPS, diluted$1.32$2.39$2.91$3.11$2.35
Diluted shares1.4B1.4B1.4B1.4B1.5B

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$3.1B$2.9B$4.0B$4.7B$4.2B
Receivables$5.3B$6.8B$7.8B$8.0B$8.7B
Inventory$3.3B$4.0B$4.4B$4.4B$5.0B
Total current assets$12.7B$15.0B$17.7B$18.6B$19.5B
PP&E, net$7.1B$7.3B$8.1B$8.3B$8.8B
Goodwill & intangibles$16.2B$16.0B$17.3B$17.6B$21.8B
Total assets$41.5B$43.1B$48.0B$48.9B$54.9B
Accounts payable$3.2B$3.9B$4.6B$4.2B$4.9B
Total current liabilities$10.4B$12.0B$13.4B$12.8B$14.7B
Long-term debt$13.3B$10.6B$10.8B$11.0B$9.7B
Total liabilities$26.2B$25.1B$26.6B$26.6B$27.6B
Shareholders' equity$15.3B$18.0B$21.4B$22.4B$27.3B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.9B$3.5B$4.3B$4.6B$3.4B
Depreciation & amortization$2.1B$2.1B$1.8B$1.9B$2.6B
Stock-based compensation$324.0M$313.0M$293.0M$316.0M$332.0M
Change in working capital$404.0M−$1.7B−$216.0M−$1.3B$53.0M
Operating cash flow$4.7B$3.7B$6.6B$6.6B$6.5B
Capital expenditure−$1.2B−$1.7B−$2.1B−$2.1B−$1.7B
Free cash flow$3.5B$2.0B$4.5B$4.5B$4.8B
Investing cash flow−$919.0M−$1.4B−$2.8B−$3.1B−$1.4B
Net debt issued / repaid−$2.1B−$1.6B−$582.0M$405.0M−$1.6B
Buybacks$0$0−$694.0M−$1.7B−$2.4B
Dividends paid−$699.0M−$848.0M−$1.3B−$1.5B−$1.6B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin16.0%18.4%19.8%20.6%18.2%
Operating margin12.1%14.8%16.6%17.4%15.3%
Net margin8.2%12.2%12.7%12.3%9.4%
FCF margin15.1%7.4%13.6%12.1%13.4%
ROE13.9%21.0%22.2%21.6%14.2%
ROIC8.6%12.6%15.8%17.9%12.9%
ROA4.5%8.1%9.2%9.2%6.5%
Debt / equity0.950.690.590.570.47
Interest coverage5.4x9.7x11.3x12.1x8.7x
Current ratio1.221.251.321.451.33
Revenue growth−2.8%+22.5%+18.0%+9.5%−1.6%
EPS growth+117.6%+81.4%+21.8%+6.9%−27.5%
P/E at year end20.8x20.8x16.9x12.0x17.0x
EV / EBITDA at year end10.0x12.6x10.6x7.5x8.7x
FCF yield at year end8.87%2.91%6.31%8.21%8.40%
Dividend payout37.2%24.7%31.3%34.4%47.8%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Well Construction$8.7B$11.4B$13.5B$13.4B$11.9B
Production Systems$6.7B$7.9B$9.8B$12.1B$13.3B
Reservoir Characterization$4.6B$5.6B$6.6B$7.2B$6.8B
Digital Integration$3.3B$3.7B$3.9B$4.2B$2.7B

Revenue by region · FY2025

Middle East$12.2B · 34%
Europe C I S Africa$9.6B · 27%
North America$7.5B · 21%
Latin America$6.2B · 17%

Street estimates by fiscal year

Next report 2026-10-23 · consensus EPS $0.62 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$36.9B$36.7B – $37.1B$2.45$2.38 – $2.671620.2x
2027$40.0B$37.9B – $41.3B$3.19$2.98 – $3.361615.5x
2028$43.1B$42.7B – $43.6B$3.77$2.86 – $4.54813.1x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-24$0.51$0.55+7.6%$8.7B$9.0B+3.5%
2026-04-24$0.51$0.52+2.6%$8.6B$8.7B+1.1%
2026-01-23$0.74$0.78+5.1%$9.6B$9.7B+2.0%
2025-10-17$0.66$0.69+5.0%$8.9B$8.9B+0.1%
2025-07-18$0.72$0.74+2.5%$8.5B$8.5B+0.6%
2025-04-25$0.73$0.72−1.9%$8.6B$8.5B−1.3%
2025-01-17$0.90$0.92+2.2%$9.2B$9.3B+1.1%
2024-10-18$0.88$0.89+1.1%$9.3B$9.2B−1.2%
2024-07-19$0.83$0.85+2.4%$9.1B$9.1B+0.8%
2024-04-19$0.75$0.750.0%$8.7B$8.7B+0.2%
2024-01-19$0.84$0.86+2.4%$9.0B$9.0B+0.3%
2023-10-20$0.77$0.78+1.3%$8.3B$8.3B−0.2%
2023-07-21$0.71$0.72+1.4%$8.2B$8.1B−1.4%
2023-04-21$0.60$0.63+5.0%$7.4B$7.7B+4.2%
2023-01-20$0.68$0.71+4.4%$7.8B$7.9B+0.9%
2022-10-21$0.55$0.63+14.5%$7.1B$7.5B+5.2%
2022-07-22$0.40$0.50+25.0%$6.3B$6.8B+7.9%
2022-04-22$0.33$0.34+3.0%$5.9B$6.0B+0.8%
2022-01-21$0.39$0.41+5.1%$5.4B$6.2B+15.3%
2021-10-22$0.36$0.360.0%$5.9B$5.8B−1.6%
2021-07-23$0.26$0.30+15.4%$5.9B$5.6B−5.3%
2021-04-23$0.19$0.21+10.5%$5.1B$5.2B+2.7%
2021-01-22$0.17$0.22+29.4%$3.9B$5.5B+41.7%
2020-10-16$0.13$0.16+23.1%$4.3B$5.3B+23.1%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.906-150.706-220.506-290.607-060.407-130.907-200.807-270.708-030.608-100.408-170.808-241.008-31
Week ofNotionalSharesTrades
2026-08-31$988.4M16,920,384201,775
2026-08-24$809.5M14,780,339178,824
2026-08-17$361.1M6,731,059122,110
2026-08-10$581.2M10,965,406132,005
2026-08-03$671.7M13,273,436160,484
2026-07-27$779.0M15,453,094178,437

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1557.1%
DateShort shareShort volumeTotal volume
2026-10-1557.1%1,568,6192,749,249
2026-10-1450.2%1,692,7303,373,975
2026-10-1346.2%1,414,5503,058,830
2026-10-1266.5%1,743,4802,623,137
2026-10-0938.1%942,3602,470,626
2026-10-0841.8%1,391,8843,328,975
2026-10-0738.9%2,129,9605,473,770
2026-10-0657.5%1,885,7203,277,610
2026-10-0560.7%1,678,1172,762,679
2026-10-0254.1%1,955,3023,614,503
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+2.3Jan+0.5Feb-2.1Mar+3.2Apr-1.0May+1.7Jun+2.3Jul-2.9Aug-0.9Sep+1.7Oct+1.5Nov-0.7Dec
MonthAvg returnUp yearsYears
Jan+2.3%60%20
Feb+0.5%50%20
Mar−2.1%48%21
Apr+3.2%60%20
May−1.0%40%20
Jun+1.7%65%20
Jul+2.3%70%20
Aug−2.9%45%20
Sep−0.9%50%20
Oct+1.7%45%20
Nov+1.5%50%20
Dec−0.7%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1444.5
MFI43.0
ADX19.2
Stochastic %K / %D35.6 / 25.8
Williams %R-35.3
CCI-24
TSI / signal-22.2 / -19.5
Chaikin money flow-0.01
ATR$1.52
Bollinger width10.9%
Volume vs 20-day avg0.88x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$49.81 (−0.6%)
SMA 50$52.60 (−5.9%)
SMA 200$50.97 (−2.9%)
EMA 21$50.05 (−1.1%)
EMA 50$51.20 (−3.3%)
EMA 200$49.39 (+0.2%)
Bollinger upper$52.52 (−5.8%)
Bollinger lower$47.11 (+5.1%)
Parabolic SAR$47.17 (+4.9%)
Open the live chart, 110+ indicators

About Slb N.V.

SLB N.V. engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; stimulation services to restore or enhance well productivity through hydraulic fracturing, matrix stimulation, and water treatment; and intervention services to oil and gas operators. In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services. Further, it provides artificial lift; supplies packers, safety valves, sand control technology, and various intelligent systems; midstream production systems; valves, chokes, actuators, and surface trees; and OneSubsea, an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. SLB N.V. was formerly known as Schlumberger Limited and change its name to SLB N.V. in October 2025. The company was founded in 1926 and is based in Houston, Texas.

https://www.slb.com

Key executives

NameTitlePayBorn
Olivier Le PeuchChief Executive Officer & Director$4.1M1964
Abdellah MeradExecutive Vice President of Core Services & Equipment$1.9M1974
Stephane BiguetExecutive Vice President & Chief Financial Officer$1.8M1969
Dianne RalstonChief Legal Officer & Secretary$1.6M1967
Demosthenis PafitisChief Technology Officer$1.2M1968
Giles PowellDirector of Corporate Communication——
Howard GuildChief Accounting Officer—1972
James R. McDonaldSenior Vice President of Investor Relations & Industry Affairs—1979

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Olivier Le Peuch Chief Executive Officer2025$1.6M$12.4M$2.1M$17.3M
Stephane Biguet EVP and Chief Financial Officer2025$900,000$3.7M$757,800$6.0M
Abdellah Merad EVP, Core Services and Equipment2025$900,000$3.7M$766,800$5.7M
Dianne Ralston Chief Legal Officer and Secretary2025$825,000$3.2M$669,900$5.2M
Khaled Al Mogharbel Advisor to the CEO, former EVP, Geographies2025$750,000$3.7M$300,000$5.1M
Demosthenis Pafitis Chief Technology Officer2025$750,000$2.5M$462,750$4.6M

Employees

100k2018105k201986k202092k202199k2022111k2023110k2024109k2025

Dividends

Ex-dateAmountPaid
2026-09-02$0.2952026-10-08
2026-06-03$0.2952026-07-09
2026-02-11$0.2952026-04-02
2025-12-03$0.2852026-01-08
2025-09-03$0.2852025-10-09
2025-06-04$0.2852025-07-10
2025-02-05$0.2852025-04-03
2024-12-04$0.2752025-01-09

Moat model

Weak · Efficient Scale · 2026-06-30
Cost advantage64
Intangibles34
Switching costs43
Network effect50
Efficient scale85
Our component scores (0-100) and overall 52.3; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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