NEW YORK STOCK EXCHANGE, INC. · Energy · CIK 0000087347
$49.55
-3.03% · live
Updated
$74.09B market value
From SLB LIMITED/NV's FY2025 10-K, filed Jan 23, 2026 · read the filing
SLB / provides services to oil and gas drillers. It took in $35.71B last year, which makes it a large company. Of every dollar it sells, about 9 cents is left as profit.
The financial picture is led by debt, with profitability worth watching, while growth remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From SLB LIMITED/NV's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Profit
$4.46B → $3.37B
Earnings per share
$3.18 → $2.26
Shares in issue
1.40B → 1.50B
Profit margin
12.3% → 9.4%
Measured against FY2024, from the 10-K filed Jan 23, 2026
Deteriorated: -24.4%
$4.46B to $3.37BSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
SLB fell 3.03% on the latest quote. The average Energy company tracked here moved −0.93%, and the S&P 500 −1.04%. That is 2.1 points below its sector and 2.0 points below the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 4% a year for the next 10 years. Over the last 10 years it shrank by about 3% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 9 cents of every dollar of sales as profit, earning $3.37B last year.
No. Sales shrank 1.6% last year.
No. At its current cash flow it could clear its debt in about 1.5 years. For every $1 it owes, it owns $1.99 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 47 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 25% of the cash its operations generated. It has paid in each of the last 12 years.
GoodFigures from the FY2025 annual filing
Last year it earned $3.37B and generated $6.49B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Jan 23, 2026Filing for FY2025 | FY202410-K · Jan 22, 2025Filing for FY2024 | FY202310-K · Jan 23, 2026Filing for FY2023 | FY202210-K · Jan 23, 2026Filing for FY2022 | FY202110-K · Jan 26, 2022Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $35.71B | $36.29B | $33.13B | $28.09B | $22.93B | −1.6% |
| Selling, general and administrative | $340.0M | $385.0M | $364.0M | $376.0M | $339.0M | −11.7% |
| Operating income | — | — | $6.52B | $5.01B | $3.37B | — |
| Operating marginOperating income ÷ revenueWhat is this? | — | — | 19.7% | 17.8% | 14.7% | — |
| Interest expense | $558.0M | $512.0M | $503.0M | $490.0M | $539.0M | +9.0% |
| Income before tax | $4.29B | $5.67B | $5.28B | $4.27B | $2.37B | −24.3% |
| Net income | $3.37B | $4.46B | $4.20B | $3.44B | $1.88B | −24.4% |
| Net marginNet income ÷ revenueWhat is this? | 9.4% | 12.3% | 12.7% | 12.2% | 8.2% | −2.8 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $2.26 | $3.18 | $2.95 | $2.42 | $1.34 | −29.1% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| SLBSLB LIMITED/NV · this page | 6.0/10 | 4/8 | -1.6% | 9.4% | 21.96x | 1.06x |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 35,000 shares at $60.00 ($2.1M)
Holds 1,296,328 shares after this filing.
Sold on the open market
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Had a director or senior officer leave or join
Read the filingMade a Regulation FD disclosure
Read the filingWrite down why you are following SLB LIMITED/NV, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 21 subsidiaries named in its 10-K. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from SLB's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Jan 23, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 6.0 | 4/8 | 10-K, filed Jan 23, 2026 |
| FY2024 | 8.7 | 8/8 | 10-K, filed Jan 22, 2025 |
| FY2023 | 10.0 | 8/8 | 10-K, filed Jan 24, 2024 |
| FY2022 | 10.0 | 8/8 | 10-K, filed Jan 25, 2023 |
| FY2021 | 6.0 | 6/8 | 10-K, filed Jan 26, 2022 |
| FY2020 | 3.3 | 4/8 | 10-K, filed Jan 27, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
4 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
3.23
In the safe zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: -29.1%
$3.18 to $2.26Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: +6.7%
1.40B to 1.50BSignificant
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Deteriorated: −2.8 pts
12.3% to 9.4%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: -11.6%
$11.02B to $9.74BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Changed: -12.3%
$1.93B to $1.69BNotable
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Jul 29, 2026 — read it.
Deteriorated: -22.5%
$1.01B to $786.0MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −3.1 pts
11.9% to 8.8%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -29.4%
$0.75 to $0.53Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: +9.8%
1.35B to 1.48BSignificant
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Jul 29, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Deteriorated: +15.2%
$9.67B to $11.14BSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +5.3%
$0.50 to $0.53Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
3 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 2% and 6%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 34 analysts covering this company, as of . Their views, not this site's.
Of 34 analysts publishing on this company, 10 say strong buy, 19 say buy, 3 say hold and 2 say sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 4.0% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 22.5x — investors pay $22.5 for each $1 of trailing profit.
This company has not reported enough of the required figures to calculate this score.
| 6.0/10 |
| 6/8 |
| -0.3% |
| 9.3% |
| 20.51x |
| 1.17x |
| HALHALLIBURTON CO | 6.0/10 | 4/8 | -3.3% | 5.8% | 21.60x | 1.39x |
|---|
| NOVNOV Inc. | 7.0/10 | 5/9 | -1.4% | 1.7% | 46.68x | 0.79x |
|---|
| Median of peers | 6.0/10 | — | -1.4% | 5.8% | 21.60x | 1.17x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Holds 1,331,328 shares after this filing.
Sold on the open market — 5,000 shares at $55.00 ($275.0K)
Holds 1,336,328 shares after this filing.
Sold on the open market — 25,000 shares at $52.55 ($1.3M)
Holds 1,341,328 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 35,000 shares ($2.1M) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 5,000 shares ($300.0K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 5,000 shares ($275.0K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 25,000 shares ($1.3M) on or after .
Shares originally obtained via Restricted Stock Vesting.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Quarterly report for Q2 FY2026
Profit margin −3.1 pts · Profit -22.5% · Earnings per share -29.4% — against Q2 FY2025
Published results · Made a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingReported another event
Read the filingQuarterly report for Q1 FY2026
Free cash flow -45.0% · Shares in issue +9.9% · Profit -5.6% — against Q1 FY2025
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingHeld a shareholder vote
Read the filingMade a Regulation FD disclosure
Read the filingProxy statement for a shareholder meeting
Read the filingAnnual report for FY2025
Profit margin −2.8 pts · Profit -24.4% · Earnings per share -29.1% — against FY2024
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2025
Profit margin −4.7 pts · Earnings per share -41.1% · Profit -37.7% — against Q3 FY2024
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join · Amended its charter or changed its financial year
Read the filingHeld a shareholder vote
Read the filingProxy statement for a shareholder meeting
Read the filingQuarterly report for Q2 FY2025
Revenue -6.5% · Profit -8.8% · Long-term debt -10.4% — against Q2 FY2024
Read the filingSource: Exhibit 21 of the 10-K filed 2026-01-23. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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Primary sources and further research