SLB N.V.SLB
NYSE•Energy•Oil & Gas Equipment & Services
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.
SLB Limited (SLB) reported trailing twelve months revenue of $35.94B as of March 2026, a 0.4% decline year-over-year. Quarterly revenue reached $8.72B, reflecting a contraction in sales.
SLB Limited generated $3.33B in TTM net income, with quarterly EBITDA of $1.71B. The operating margin contracted from 13.3% to 11.8%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (11.8%) and net margin (8.6%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 9.4% a year ago, reflecting increased costs or interest expense.
SLB trades at a P/E of 23.2x (in line with broad market averages) and a P/S of 2.1x. The price-to-book ratio of 3.0x reflects a moderate premium to book value.
The company generated $144.00M in free cash flow over the trailing twelve months, a 45.0% decrease year-over-year, indicating cash generation ability. The balance sheet shows $54.53B in total assets with $9.67B in long-term debt against $26.18B in stockholders equity for a debt-to-equity ratio of 0.4, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~13.3% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE averages 18.0% but has fluctuated — the competitive advantage may be cyclical or emerging.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 18.6% — watch for continued compression, which may signal competitive or cost pressure.
FCF covers net income by 1.3x on average — earnings are well-supported by cash generation.
D/E ratio is 0.4 — conservative capital structure with low financial risk.
Revenue has softened, declining in 3 quarters. Monitor for further erosion.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding rose 5.0% — mild dilution. Compare to earnings growth to assess net per-share impact.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation