CLB Core Laboratories Inc. /DE/

Overview and Growth

Core Laboratories Inc. /DE/ generated $526.52M of revenue in fiscal 2025, with net income of $29.67M and an operating cash inflow of $37.03M. The $526.52M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 0.5% from $523.85M in fiscal 2024, increasing the company’s operating scale. The company reported diluted EPS of $0.63, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 4.5% decrease from fiscal 2024 diluted EPS of $0.66. Revenue equaled 0.9x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $108.93M as gross profit before recognizing operating expenses and other items. Gross profit represented 20.7% of revenue, showing how much of the top line remained after direct costs. The reported operating result was $56.47M, capturing profitability after direct costs and the operating expenses reflected in the statements. Relative to revenue, operating income represented 10.7%, showing how efficiently sales converted into operating profit. After all reported below-operating-line items, the company recorded net income of $29.67M for the fiscal year. Measured against reported revenue, net income produced a 5.6% margin after operating costs and the remaining recognized items. Pretax income was $45.90M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Measured against revenue, pretax income equaled 8.7%, adding a pre-tax profitability layer between revenue and net income. The company recognized $15.51M of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 33.8%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

Total assets were $584.01M, supported by $311.80M of liabilities and $272.21M of shareholder equity. At period end, current assets of $214.66M compared with current liabilities of $106.02M, defining the company’s short-term resource position. Current assets covered current liabilities by 2.02x, leaving a positive buffer for near-term obligations. The company held $22.70M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 21.4%, excluding receivables and other current assets. Borrowings totaled $110.25M, adding a fixed financing obligation alongside the company’s equity capital. Against book equity, debt measured 0.41x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 18.9%, showing how much of the asset base was matched by borrowing. Relative to total assets, liabilities measured 53.4%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 3.9% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 1.1% lower than fiscal 2024 assets of $590.41M, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

The company reported $37.03M of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 1.25x, comparing cash generated by operations with the bottom-line earnings result. Capital expenditures used $11.21M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 30.3%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $25.82M, leaving a positive amount after capital expenditures. Free cash flow represented 4.9% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 4.4% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.