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SLB Limited Financials

SLB
FY2025 annual
Revenue $35.7B -1.6% YoY
Net Income $3.4B -24.4% YoY
EPS (Diluted) $2.35 -24.4% YoY
Free Cash Flow $4.8B +2.7% YoY
Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

SLB Limited (SLB) reported $35.7B in revenue for fiscal year 2025, down 1.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SLB FY2025

Cash generation stayed sturdier than profit as lower reinvestment and debt reduction shaped FY2025 more than revenue did.

Between FY2024 and FY2025, net income fell from $4.5B to $3.4B, but cash generation did not weaken in step. Operating cash flow stayed above $6.4B and free cash flow improved as capex eased, so earnings quality held up better than margin headlines.

Long-term debt fell to $9.7B while equity reached $26.1B, so the company is less debt-dependent than it was two years ago. That matters because FY2025 financing outflows look driven more by capital returns and debt reduction than by funding needs in the core business.

Asset growth outpaced operating output: total assets climbed to $54.9B while revenue slipped to $35.7B. With goodwill close to one-third of assets, part of the larger balance sheet reflects acquired value rather than faster current turnover, which helps explain weaker asset efficiency.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 69 / 100
Financial Health Score 69/100
Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of SLB Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
71
Growth
55
Leverage
72
Liquidity
52
Cash Flow
73
Returns
92
Piotroski F-Score Partial
4/8

SLB Limited passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.92x

For every $1 of reported earnings, SLB Limited generates $1.92 in operating cash flow ($6.5B OCF vs $3.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$35.7B
YoY-1.6%
5Y CAGR+8.6%
10Y CAGR+0.1%

SLB Limited generated $35.7B in revenue in fiscal year 2025. This represents a decrease of 1.6% from the prior year.

Net Income
$3.4B
YoY-24.4%
10Y CAGR+5.0%

SLB Limited reported $3.4B in net income in fiscal year 2025. This represents a decrease of 24.4% from the prior year.

EPS (Diluted)
$2.35
YoY-24.4%
10Y CAGR+3.7%

SLB Limited earned $2.35 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 24.4% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
$4.8B
YoY+2.7%
5Y CAGR+21.3%
10Y CAGR-2.8%

SLB Limited generated $4.8B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 2.7% from the prior year.

Cash & Debt
$3.0B
YoY-14.3%
5Y CAGR+29.2%
10Y CAGR+0.8%

SLB Limited held $3.0B in cash against $9.7B in long-term debt as of fiscal year 2025.

Shares Outstanding
1.50B
YoY+6.7%
5Y CAGR+1.4%
10Y CAGR+1.8%

SLB Limited had 1.50B shares outstanding in fiscal year 2025. This represents an increase of 6.7% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Net Margin
9.4%
YoY-2.8pp
5Y CAGR+54.0pp
10Y CAGR+3.6pp

SLB Limited's net profit margin was 9.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.8 percentage points from the prior year.

Return on Equity
12.9%
YoY-8.2pp
5Y CAGR+100.0pp
10Y CAGR+7.1pp

SLB Limited's ROE was 12.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.2 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

R&D Spending
$709.0M
YoY-5.3%
5Y CAGR+4.1%
10Y CAGR-4.2%

SLB Limited invested $709.0M in research and development in fiscal year 2025. This represents a decrease of 5.3% from the prior year.

Share Buybacks
$2.4B
YoY+39.0%

SLB Limited spent $2.4B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 39.0% from the prior year.

Capital Expenditures
$1.7B
YoY-12.3%
5Y CAGR+8.7%
10Y CAGR-3.5%

SLB Limited invested $1.7B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 12.3% from the prior year.

SLB Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SLB annual income statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Revenue$36.4B$35.7B-1.6%$36.3B+9.5%$33.1B+18.0%$28.1B+22.5%$22.9B-2.8%$23.6B-28.3%$32.9B+0.3%$32.8B+7.8%$30.4B+9.5%$27.8B-21.6%$35.5B-27.0%$48.6B+7.3%$45.3B+8.5%$41.7B+14.1%$36.6B
Cost of RevenueN/AN/AN/AN/AN/AN/AN/AN/AN/A$8.3B+18.1%$7.1B-75.1%$28.3B-24.3%$37.4B+5.9%$35.3B+7.4%$32.9B+14.2%$28.8B
Gross ProfitN/AN/AN/AN/AN/AN/AN/AN/AN/A$22.1B+6.5%$20.8B+190.1%$7.2B-36.0%$11.2B+12.6%$9.9B+12.3%$8.8B+13.7%$7.8B
R&D Expenses$692.0M$709.0M-5.3%$749.0M+5.3%$711.0M+12.1%$634.0M+14.4%$554.0M-4.5%$580.0M-19.1%$717.0M+2.1%$702.0M-10.8%$787.0M-22.2%$1.0B-7.5%$1.1B-10.1%$1.2B+3.7%$1.2B+1.8%$1.2B+8.7%$1.1B
SG&A Expenses$338.0M$340.0M-11.7%$385.0M+5.8%$364.0M-3.2%$376.0M+10.9%$339.0M-7.1%$365.0M-23.0%$474.0M+6.8%$444.0M+2.8%$432.0M+7.2%$403.0M-18.4%$494.0M+4.0%$475.0M+14.2%$416.0M+2.7%$405.0M-2.9%$417.0M
Operating IncomeN/AN/AN/A$6.5B+30.2%$5.0B+48.9%$3.4B+40.1%$2.4B-39.6%$4.0B-5.0%$4.2B+6.8%$3.9B+19.8%$3.3B-49.7%$6.5B-38.4%$10.6B+13.2%$9.3BN/AN/A
Interest Expense$513.0M$558.0M+9.0%$512.0M+1.8%$503.0M+2.7%$490.0M-9.1%$539.0M-4.3%$563.0M-7.6%$609.0M+5.9%$575.0M+1.6%$566.0M-0.7%$570.0M+64.7%$346.0M-6.2%$369.0M-5.6%$391.0M+15.0%$340.0M+14.1%$298.0M
Income Tax$768.0M$840.0M-23.1%$1.1B+8.5%$1.0B+29.3%$779.0M+74.7%$446.0M+154.9%-$812.0M-161.1%-$311.0M-169.6%$447.0M+35.5%$330.0M+218.7%-$278.0M-137.3%$746.0M-61.3%$1.9B+4.3%$1.8B+8.7%$1.7B+13.9%$1.5B
Net Income$3.1B$3.4B-24.4%$4.5B+6.1%$4.2B+22.1%$3.4B+82.9%$1.9B+117.9%-$10.5B-3.8%-$10.1B-574.1%$2.1B+242.1%-$1.5B+10.8%-$1.7B-181.4%$2.1B-61.9%$5.4B-19.2%$6.7B+22.6%$5.5B+9.9%$5.0B
EPS (Diluted)$2.35-24.4%$3.11+6.9%$2.91+21.8%$2.39+81.1%$1.32+117.4%-$7.57-3.4%-$7.32-578.4%$1.53+241.7%-$1.08+12.9%-$1.24-176.1%$1.63-60.8%$4.16-17.6%$5.05+23.2%$4.10+11.7%$3.67

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

SLB Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SLB annual balance sheet
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Total Assets$54.9B+12.1%$48.9B+2.0%$48.0B+11.2%$43.1B+3.9%$41.5B-2.2%$42.4B-24.6%$56.3B-20.1%$70.5B-2.1%$72.0B-7.7%$78.0B+14.6%$68.0B+1.6%$66.9B-0.3%$67.1B+9.0%$61.5B+11.5%$55.2B
Current Assets$19.5B+5.1%$18.6B+4.8%$17.7B+18.1%$15.0B+18.6%$12.7B-2.1%$12.9B-16.8%$15.5B-1.3%$15.7B-15.0%$18.5B-22.7%$23.9B-11.1%$26.9B+9.0%$24.7B-5.8%$26.2B+8.6%$24.2B+17.6%$20.5B
Cash & Equivalents$3.0B-14.3%$3.5B+22.2%$2.9B+75.2%$1.7B-5.8%$1.8B+108.2%$844.0M-25.8%$1.1B-20.7%$1.4B-20.3%$1.8B-38.6%$2.9B+4.9%$2.8B-10.8%$3.1B-9.9%$3.5B+82.3%$1.9B+11.7%$1.7B
Inventory$5.0B+15.0%$4.4B-0.3%$4.4B+9.7%$4.0B+22.2%$3.3B-2.4%$3.4B-18.8%$4.1B+3.0%$4.0B-0.9%$4.0B-4.2%$4.2B+12.5%$3.8B-18.8%$4.6B+0.5%$4.6B-3.8%$4.8B+1.8%$4.7B
Goodwill$16.8B+15.1%$14.6B+3.6%$14.1B+8.5%$13.0B-0.1%$13.0B+0.1%$13.0B-19.1%$16.0B-35.7%$24.9B-0.7%$25.1B+0.5%$25.0B+60.1%$15.6B+0.8%$15.5B+5.3%$14.7B+0.8%$14.6B+3.0%$14.2B
Total Liabilities$27.6B+3.7%$26.6B0.0%$26.6B+5.8%$25.1B-4.1%$26.2B-12.4%$29.9B-6.8%$32.1B-5.3%$33.9B-2.3%$34.7B-4.7%$36.4B+13.5%$32.1B+11.2%$28.9B+5.1%$27.5B+2.9%$26.7B+12.1%$23.8B
Current Liabilities$14.7B+14.9%$12.8B-4.4%$13.4B+11.5%$12.0B+16.0%$10.4B-1.3%$10.5B-19.9%$13.1B-2.9%$13.5B-11.8%$15.3B+1.5%$15.1B+6.6%$14.1B-0.4%$14.2B+4.8%$13.5B+9.4%$12.4B+17.4%$10.5B
Long-Term Debt$9.7B-11.6%$11.0B+1.7%$10.8B+2.3%$10.6B-20.3%$13.3B-17.1%$16.0B+8.6%$14.8B+0.9%$14.6B-1.6%$14.9B-9.6%$16.5B+14.0%$14.4B+36.7%$10.6B+1.7%$10.4BN/AN/A
Total Equity$26.1B+23.6%$21.1B+4.7%$20.2B+14.2%$17.7B+17.9%$15.0B+24.3%$12.1B-49.2%$23.8B-34.3%$36.2B-1.8%$36.8B-10.3%$41.1B+15.3%$35.6B-5.9%$37.9B-4.1%$39.5B+13.6%$34.8B+11.2%$31.3B
Retained Earnings$18.1B+10.2%$16.4B+21.5%$13.5B+25.9%$10.7B+30.7%$8.2B+16.8%$7.0B-62.6%$18.8B-40.8%$31.7B-1.7%$32.2B-11.7%$36.5B-10.8%$40.9B-1.1%$41.3B+8.9%$38.0B+15.4%$32.9B+14.0%$28.9B

Not reported in any period shown, so not listed: Accounts Receivable.

SLB Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SLB annual cash flow statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Operating Cash Flow$6.5B$6.5B-1.7%$6.6B-0.5%$6.6B+78.4%$3.7B-20.0%$4.7B+58.0%$2.9B-45.8%$5.4B-4.9%$5.7B+0.9%$5.7B-9.6%$6.3B-28.9%$8.8B-21.3%$11.2B+14.4%$9.8B+49.6%$6.5B+11.3%$5.9B
Capital Expenditures$1.7B$1.7B-12.3%$1.9B-0.4%$1.9B+19.8%$1.6B+41.8%$1.1B+2.2%$1.1B-35.3%$1.7B-20.2%$2.2B+2.5%$2.1B+2.5%$2.1B-14.7%$2.4B-39.4%$4.0B+0.8%$3.9B-16.0%$4.7B+17.2%$4.0B
Free Cash Flow$4.8B$4.8B+2.7%$4.7B-0.6%$4.7B+123.5%$2.1B-40.1%$3.5B+92.0%$1.8B-50.7%$3.7B+4.3%$3.6B-0.1%$3.6B-15.5%$4.2B-34.2%$6.4B-11.4%$7.2B+23.5%$5.8B+216.1%$1.8B-1.4%$1.9B
Investing Cash Flow-$2.7B-$1.4B+55.1%-$3.1B-13.0%-$2.8B-100.5%-$1.4B-51.0%-$919.0M+60.9%-$2.4B-17.0%-$2.0B-93.4%-$1.0B+41.5%-$1.8B-185.1%-$624.0MN/AN/A-$6.0B+16.7%-$7.2B-84.0%-$3.9B
Financing Cash Flow-$4.3B-$5.6B-103.5%-$2.8B-10.4%-$2.5B-5.5%-$2.4B+15.7%-$2.8B-223.5%-$873.0M+76.5%-$3.7B+25.9%-$5.0B+0.3%-$5.0B+7.3%-$5.4BN/AN/A-$2.2B-548.7%-$339.0M+87.4%-$2.7B
Dividends Paid$1.7B$1.6B+4.5%$1.5B+16.4%$1.3B+55.3%$848.0M+21.3%$699.0M-59.7%$1.7B-37.4%$2.8B0.0%$2.8B-0.3%$2.8B+4.9%$2.6B+9.4%$2.4B+22.9%$2.0B+22.4%$1.6B+12.3%$1.4B+10.2%$1.3B
Share Buybacks$1.2B$2.4B+39.0%$1.7B+150.3%$694.0MN/AN/A$26.0M-90.6%$278.0M-30.5%$400.0M-58.7%$969.0M+24.6%$778.0M-64.3%$2.2B-53.4%$4.7B+80.2%$2.6B+167.1%$972.0M-67.6%$3.0B

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

SLB Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

SLB annual financial ratios
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Gross MarginN/AN/AN/AN/AN/AN/AN/AN/A72.6%-2.0pp74.6%+54.4pp20.2%-2.8pp23.0%+1.1pp21.9%+0.8pp21.2%-0.1pp21.3%
Operating MarginN/AN/A19.7%+1.8pp17.8%+3.2pp14.7%+4.5pp10.2%-1.9pp12.1%-0.7pp12.8%-0.1pp12.9%+1.1pp11.8%-6.6pp18.4%-3.4pp21.8%+1.1pp20.6%N/AN/A
Net Margin9.4%-2.8pp12.3%-0.4pp12.7%+0.4pp12.3%+4.0pp8.2%+52.8pp-44.6%-13.8pp-30.8%-37.3pp6.5%+11.5pp-4.9%+1.1pp-6.1%-11.9pp5.8%-5.3pp11.2%-3.7pp14.9%+1.7pp13.2%-0.5pp13.7%
Return on Equity12.9%-8.2pp21.1%+0.3pp20.8%+1.4pp19.5%+6.9pp12.5%+99.7pp-87.1%-44.5pp-42.7%-48.6pp5.9%+10.0pp-4.1%0.0pp-4.1%-9.9pp5.8%-8.6pp14.4%-2.7pp17.1%+1.3pp15.8%-0.2pp16.0%
Return on Assets6.2%-3.0pp9.1%+0.4pp8.8%+0.8pp8.0%+3.4pp4.5%+29.3pp-24.8%-6.8pp-18.0%-21.0pp3.0%+5.1pp-2.1%+0.1pp-2.2%-5.2pp3.0%-5.1pp8.1%-1.9pp10.0%+1.1pp8.9%-0.1pp9.0%
Current Ratio1.33-0.1x1.45+0.1x1.32+0.1x1.250.0x1.220.0x1.230.0x1.190.0x1.170.0x1.21-0.4x1.59-0.3x1.91+0.2x1.74-0.2x1.940.0x1.950.0x1.95
Debt-to-Equity0.37-0.1x0.520.0x0.54-0.1x0.60-0.3x0.89-0.4x1.33+0.7x0.62+0.2x0.410.0x0.400.0x0.400.0x0.41+0.1x0.280.0x0.26-0.5x0.770.0x0.76
FCF Margin13.4%+0.6pp12.9%-1.3pp14.2%+6.7pp7.5%-7.8pp15.3%+7.6pp7.8%-3.5pp11.3%+0.4pp10.8%-0.9pp11.7%-3.4pp15.1%-2.9pp18.0%+3.2pp14.9%+2.0pp12.9%+8.5pp4.4%-0.7pp5.1%

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Frequently Asked Questions

What is SLB Limited's annual revenue?

SLB Limited (SLB) reported $35.7B in total revenue for fiscal year 2025. This represents a -1.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is SLB Limited's revenue growing?

SLB Limited (SLB) revenue declined by 1.6% year-over-year, from $36.3B to $35.7B in fiscal year 2025.

Is SLB Limited profitable?

Yes, SLB Limited (SLB) reported a net income of $3.4B in fiscal year 2025, with a net profit margin of 9.4%.

SLB Limited (SLB) reported diluted earnings per share of $2.35 for fiscal year 2025. This represents a -24.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, SLB Limited (SLB) had $3.0B in cash and equivalents against $9.7B in long-term debt.

SLB Limited (SLB) had a net profit margin of 9.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

SLB Limited (SLB) has a return on equity of 12.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

SLB Limited (SLB) generated $4.8B in free cash flow during fiscal year 2025. This represents a 2.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

SLB Limited (SLB) generated $6.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

SLB Limited (SLB) had $54.9B in total assets as of fiscal year 2025, including both current and long-term assets.

SLB Limited (SLB) invested $1.7B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

SLB Limited (SLB) invested $709.0M in research and development during fiscal year 2025.

Yes, SLB Limited (SLB) spent $2.4B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

SLB Limited (SLB) had 1.50B shares outstanding as of fiscal year 2025.

SLB Limited (SLB) had a current ratio of 1.33 as of fiscal year 2025, which is considered adequate.

SLB Limited (SLB) had a debt-to-equity ratio of 0.37 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

SLB Limited (SLB) had a return on assets of 6.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

SLB Limited (SLB) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

SLB Limited (SLB) has an earnings quality ratio of 1.92x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

SLB Limited (SLB) scores 69 out of 100 on our Financial Health Score, indicating strong standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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