Slb N.V. (SLB) financials

NYSE · Energy · Oil & Gas Equipment & Services · 109,000 employees · CEO Olivier Le Peuch

Price: $53.74 -0.13%
Market cap: $79.3B
Enterprise value: $89.5B
Last report: Q3 '26 filed 2026-10-28
Next report: 2027-01-22 EPS est. $0.74

Revenue (TTM)$36.9B+4.6% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)12.6%-3.6 pp vs a year agoOperating income $4.64B

Net income (TTM)$3.07B-15.7% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$4.47B+14.3% vs a year agoCapex $1.89B

Diluted EPS (TTM)$2.04-21.2% vs a year agoSum of the last 4 quarters

Net cash-$9.25B-0.7% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $79.3B
Revenue: $36.9B
Revenue growth: +4%
Profit margin: 8.3%
P/E: 25.8×
P/S: 2.2×
EV / EBITDA: 12.4×
Free cash flow: $4.47B
Net income: $3.07B
Revenue estimate: $37.1B
Earnings: 2027-01-22
Dividend: $1.17

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-10-23): revenue beat by 1.9%, EPS beat by 3.7%Revenue $9.45B vs $9.27B expected (+1.9%); EPS $0.64 vs $0.62 (+3.7%).
Revenue growth accelerating: 5.8% year on yearQ3 '26 revenue $9.45B, against an average of 2.5% over the four quarters before.
Operating margin 12.6% (TTM), -3.6 pp on a year agoOperating income grew -18.4% while revenue grew 4.6%.
17.9% of pre-tax profit is eaten by non-operating lossesPre-tax income $3.94B vs operating income $4.64B (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
Capex 5.1% of revenue (a year ago 5.6%)$1.89B invested in the last 4 quarters (-3.8% on a year earlier). Free cash flow $4.47B = 145.6% of net income.
Returned $1.19B to shareholders = 26.5% of free cash flowBuybacks -$545M (a year earlier $5.22B), dividends $1.73B, stock-based pay $326M (TTM).
Diluted share count up 0.6% in a year1.5B diluted shares in Q3 '26, 1.49B a year earlier.
Net debt $9.25BCash + short-term investments $3.55B, debt incl. leases $12.8B; a year ago net debt $9.18B.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q3 '26	Year ago	Change
Revenue	$9.45B	$8.93B	+5.8%
Gross margin	16.6%	17.5%	-0.9 pp
Operating income	$1.08B	$1.32B	-17.6%
Operating margin	11.5%	14.7%	-3.3 pp
Net income	$735M	$739M	-0.5%
Diluted EPS	$0.49	$0.50	-2.0%
Operating cash flow	$1.51B	$1.68B	-10.2%
Capex	$485M	$577M	-15.9%
Free cash flow	$1.03B	$1.11B	-7.2%
R&D	$156M	$170M	-8.2%
Stock-based compensation	$72M	$89M	-19.1%

Reported vs consensus

2026-10-23

	Actual	Consensus	vs consensus
Revenue	$9.45B	$9.27B	+1.9%
EPS (as estimated)	$0.64	$0.62	+3.7%

From the report of 2026-10-23 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q3 '26	y/y	Share	TTM	TTM y/y
Production Systems	$4B	+15.1%	43.4%	$15.2B	+19.9%
Well Construction	$2.89B	-2.7%	31.3%	$11.4B	-6.5%
Reservoir Characterization	$1.63B	-2.9%	17.7%	$6.53B	-5.1%
Digital Integration	$693M	+5.3%	7.5%	$2.03B	-46.8%

Revenue by region

share of total

Segment	Q3 '26	y/y	Share	TTM	TTM y/y
Middle East	$2.81B	-6.4%	29.7%	$11.3B	-8.6%
Europe C I S Africa	$2.44B	+0.1%	25.8%	$9.61B	+1.1%
North America	$2.4B	+24.4%	25.4%	$9.02B	+27.9%
Latin America	$1.75B	+18.0%	18.5%	$6.67B	+9.4%
Other Countries	$55M	-32.9%	0.6%	–	–

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q3 '26

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Production Systems	$4B	+15.1%	–	–	–	16.1%	–
Well Construction	$2.89B	-2.7%	–	–	–	18.8%	–
Reservoir Performance	$1.63B	-2.9%	–	–	–	18.5%	–
Digital Integration	$693M	+5.3%	–	–	–	28.4%	–
All other segments	$544M	+37.0%	–	–	–	24.2%	–
Eliminations Other	-$310M	-24.0%	–	–	–	34.4%	–

Operating income by segment

quarterly

Segment operating margin

quarterly

Fourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $6.36B
Capex: -$1.89B
Buybacks: $545M
Dividends: -$1.73B
Acquisitions: -$613M
Net debt issued: $110M
Stock-based compensation: $326M
Free cash flow: $4.47B
Returned to shareholders / FCF: 26.5%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	25.8×	18.1×	12.2× – 22.4×
EV / EBITDA	12.4×	10.4×	7.8× – 13.4×
EV / Sales	2.4×	2.3×	1.7× – 3.1×
Price / FCF	17.7×	18.2×	12.1× – 37.8×
Price / Book	3.1×	3.1×	2.2× – 4.3×
FCF yield	5.6%	6.7%	2.6% – 8.3%
Return on invested capital	8.7%	10.8%	7.0% – 13.7%
Return on equity	11.8%	17.4%	12.5% – 21.1%

Analysts

Consensus target $64.00 (+19.1%)
range $54.00 – $71.00 · rating Buy

Strong buy0

Buy56

Hold7

Sell3

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	$37.1B	+3.9%	$2.45	+4.1%	22.0×	16
FY2027	$40.4B	+8.8%	$3.10	+26.7%	17.3×	17
FY2028	$43.2B	+7.0%	$3.68	+18.7%	14.6×	8
FY2029	$45.7B	+5.9%	$4.26	+15.9%	12.6×	5
FY2030	$47.7B	+4.3%	$4.29	+0.6%	12.5×	5

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 224 figures Slb N.V. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
Accounts Payable and Accrued Liabilities, Current	$12B	$10.9B	+10.1%	$11.5B	$10.4B	+10.7%
Accounts Payable, Trade, Current	$4.86B2025-12-31	$4.23B	+14.9%	$4.86B	$4.23B	+14.9%
Accounts Receivable, Allowance for Credit Loss, Current	$322M	$341M	-5.6%	$335M	$325M	+3.1%
Accounts Receivable, Credit Loss Expense (Reversal)	–	–	–	$24M	$6M	+300.0%
Accrued Income Taxes, Current	$695M	$814M	-14.6%	$894M	$982M	-9.0%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$24.5B	$23.8B	+2.7%	$24.2B	$22.2B	+8.7%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$4.51B	-$4.81B	+6.4%	-$4.74B	-$4.95B	+4.3%
Amortization of Intangible Assets	$113M	$101M	+11.9%	$376M	$334M	+12.6%
Asset Impairment Charges	–	–	–	$331M	$162M	+104.3%
Assets	$56.2B	$55.1B	+2.0%	$54.9B	$48.9B	+12.1%
Assets for Plan Benefits, Defined Benefit Plan	$530M2025-12-31	$472M	+12.3%	$530M	$472M	+12.3%
Assets, Current	$20.5B	$19.5B	+5.3%	$19.5B	$18.6B	+5.1%
Business Combination, Integration Related Costs	$55M	$143M	-61.5%	$302M	$123M	+145.5%
Business Exit Costs	$50M2025-12-31	–	–	–	–	–
Cash	$2.62B	$3.01B	-13.0%	$3.04B	$3.54B	-14.3%
Cash Acquired from Acquisition	$02025-12-31	–	–	$479M	–	–
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	$2.62B	$3.01B	-13.0%	$3.04B	$3.54B	-14.3%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	-$116M	-$206M	+43.7%	-$565M	$685M	-182.5%
Common Stock, Par or Stated Value Per Share	$0.012025-12-31	$0.01	0.0%	$0.01	$0.01	0.0%
Common Stock, Shares Authorized	4.5B2025-12-31	4.5B	0.0%	4.5B	4.5B	0.0%
Common Stock, Shares, Outstanding	1.48B	–	–	1.5B	1.4B	+6.7%
Common Stock, Value, Issued	$16.2B	$16.3B	-0.6%	$16.4B	$11.5B	+42.7%
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	$45M	$35M	+28.6%	$77M	$118M	-34.7%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$873M	$669M	+30.5%	$3.59B	$3.77B	-4.7%
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$918M	$704M	+30.4%	$3.67B	$3.88B	-5.6%
Current Federal Tax Expense (Benefit)	–	–	–	$7M	$10M	-30.0%
Current Foreign Tax Expense (Benefit)	–	–	–	$1.11B	$1.12B	-0.6%
Current Income Tax Expense (Benefit)	–	–	–	$1.12B	$1.13B	-1.3%
Current State and Local Tax Expense (Benefit)	–	–	–	$2M	$7M	-71.4%
Debt Instrument, Fair Value Disclosure	$10.4B	$10.5B	-1.0%	$9.4B	$10.4B	-9.6%
Deferred Federal Income Tax Expense (Benefit)	–	–	–	-$64M	$88M	-172.7%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	-$60M	-$61M	+1.6%
Deferred Income Tax Expense (Benefit)	-$22M	-$29M	+24.1%	-$279M	-$41M	-580.5%
Deferred Income Tax Liabilities, Net	$656M	$827M	-20.7%	$644M	$67M	+861.2%
Deferred Revenue	$6.8B	$5.6B	+21.4%	$5.6B	$5.4B	+3.7%
Deferred State and Local Income Tax Expense (Benefit)	–	–	–	$1M	$2M	-50.0%
Deferred Tax Assets, Operating Loss Carryforwards	$153M2025-12-31	$123M	+24.4%	$153M	$123M	+24.4%
Deferred Tax Assets, Other	$165M2025-12-31	$152M	+8.6%	$165M	$152M	+8.6%
Deferred Tax Assets, Tax Credit Carryforwards, Foreign	$63M2025-12-31	–	–	$63M	–	–
Deferred Tax Assets, Tax Credit Carryforwards, Research	$87M2025-12-31	$158M	-44.9%	$87M	$158M	-44.9%
Deferred Tax Liabilities, Intangible Assets	$1.21B2025-12-31	$758M	+59.4%	$1.21B	$758M	+59.4%
Deferred Tax Liabilities, Net	$644M2025-12-31	$67M	+861.2%	$644M	$67M	+861.2%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	–	–	–	5.7%	5.3%	+8.6%
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	4.5%2025-12-31	4.5%	0.0%	4.5%	4.5%	0.0%
Depreciation	$468M	$453M	+3.3%	$1.73B	$1.55B	+11.7%
Depreciation, Depletion and Amortization	$698M	$638M	+9.4%	$2.64B	$2.52B	+4.9%
Derivative, Fair Value, Net	$0	$0	–	$0	$0	–
Dividends Payable, Current	$454M	$443M	+2.5%	$443M	$403M	+9.9%
Dividends, Cash	$436M	$426M	+2.3%	$1.63B	$1.56B	+4.0%
Earnings Per Share, Basic	$0.50	$0.50	0.0%	$2.38	$3.14	-24.2%
Earnings Per Share, Diluted	$0.49	$0.50	-2.0%	$2.35	$3.11	-24.4%
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	-$6M	-$16M	+62.5%	$57M	-$41M	+239.0%
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	–	–	–	$901M	$1.19B	-24.3%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	–	–	–	21.0%	21.0%	0.0%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	–	–	–	-$133M	-$26M	-411.5%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	–	–	–	-3.1%	-0.5%	-520.0%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount	–	–	–	-$5M	-$26M	+80.8%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent	–	–	–	-0.1%	-0.5%	+80.0%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount	–	–	–	$4M	-$34M	+111.8%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent	–	–	–	0.1%	-0.6%	+116.7%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30

Data as of 2026-11-01