SLB Limited/Nv
SLB · NYSEOil & Gas Field Services, NEC · Fiscal year ends Dec 31
SLB Limited/Nv reported revenue of $35.7B in the fiscal year ended Dec 2025, down 1.6% from the year before. Net income was $3.4B. Operating cash flow of $6.5B less capital expenditure of $1.7B left free cash flow of $4.8B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $22.9B | $28.1B | $33.1B | $36.3B | $35.7B |
| Research & development | $554M | $634M | $711M | $749M | $709M |
| Operating income | $3.4B | $5B | $6.5B | – | – |
| Interest expense | $539M | $490M | $503M | $512M | $558M |
| Pre-tax income | $2.4B | $4.3B | $5.3B | $5.7B | $4.3B |
| Income tax | $446M | $779M | $1B | $1.1B | $840M |
| Net income | $1.9B | $3.4B | $4.2B | $4.5B | $3.4B |
| Diluted EPS | 1.32 | 2.39 | 2.91 | 3.11 | 2.35 |
| Diluted shares | 1,427M | 1,437M | 1,443M | 1,436M | 1,437M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Receivables | $5.3B | $6.8B | $7.8B | $8B | $8.7B |
| Inventory | $3.3B | $4B | $4.4B | $4.4B | $5B |
| Current assets | $12.7B | $15B | $17.7B | $18.6B | $19.5B |
| Net PP&E | $6.6B | $6.6B | $7.2B | $7.4B | $7.9B |
| Goodwill | $13B | $13B | $14.1B | $14.6B | $16.8B |
| Total assets | $41.5B | $43.1B | $48B | $48.9B | $54.9B |
| Current liabilities | $10.4B | $12B | $13.4B | $12.8B | $14.7B |
| Long-term debt | $13.3B | $10.6B | $10.8B | $11B | $9.7B |
| Total liabilities | $26.2B | $25.1B | $26.6B | $26.6B | $27.6B |
| Shareholders' equity | $15B | $17.7B | $20.2B | $21.1B | $26.1B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $4.7B | $3.7B | $6.6B | $6.6B | $6.5B |
| Capital expenditure | $1.1B | $1.6B | $1.9B | $1.9B | $1.7B |
| Free cash flow | $3.5B | $2.1B | $4.7B | $4.7B | $4.8B |
| Depreciation & amortisation | $2.1B | $2.1B | $2.3B | $2.5B | $2.6B |
| Stock-based compensation | $324M | $313M | $293M | $316M | $332M |
| Dividends paid | $699M | $848M | $1.3B | $1.5B | $1.6B |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 22.5% | 18.0% | 9.5% | −1.6% |
| Operating income growth (YoY) | – | 48.9% | 30.2% | – | – |
| EPS growth (YoY) | – | 81.1% | 21.8% | 6.9% | −24.4% |
| Operating margin | 14.7% | 17.8% | 19.7% | – | – |
| Net margin | 8.2% | 12.2% | 12.7% | 12.3% | 9.4% |
| Return on equityBlank when equity is negative | 12.5% | 19.5% | 20.8% | 21.1% | 12.9% |
| ROCEEBIT ÷ (assets − current liabilities) | 10.8% | 16.1% | 18.9% | – | – |
| Free cash flow margin | 15.3% | 7.5% | 14.2% | 12.9% | 13.4% |
| Cash conversion (CFO ÷ net income) | 2.47x | 1.08x | 1.58x | 1.48x | 1.92x |
| Receivable days | 85 | 88 | 86 | 81 | 89 |
| Interest cover | 6.24x | 10.2x | 13.0x | – | – |
| Debt ÷ equity | 0.89x | 0.60x | 0.54x | 0.52x | 0.37x |
| Current ratio | 1.22x | 1.25x | 1.32x | 1.45x | 1.33x |
Recent filings
More in Oil & Gas Field Services, Nec
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.