SLB SLB LIMITED/NV

Overview and Growth

In fiscal 2025, SLB LIMITED/NV recorded $35.71B of revenue, net income of $3.37B, and an operating cash inflow of $6.49B. Revenue of $35.71B sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line contracted 1.6% from $36.29B in fiscal 2024; this top-line contraction left the company with a smaller revenue base. On a per-share basis, diluted EPS was $2.35, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $3.11 in fiscal 2024, the current result was 24.4% lower. At period end, total assets were $54.87B, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 0.65x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Net income came to $3.37B, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 9.4% margin after operating costs and the remaining recognized items. Pretax income was $4.29B, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Measured against revenue, pretax income equaled 12.0%, adding a pre-tax profitability layer between revenue and net income. Income tax expense totaled $840.00M, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 19.6%, quantifying the portion of pre-tax earnings paid in income tax. Return on period-end equity was 12.4%, relating annual net income to the equity capital on the balance sheet. The net-income-to-assets relationship measured 6.1%, showing earnings relative to the full balance sheet. Against $4.46B in fiscal 2024, the current $3.37B bottom line finished below the prior-year result in absolute terms.

Liquidity and Capital Structure

At period end, the $54.87B asset base was financed through $27.58B of liabilities and $27.29B of equity. At period end, current assets of $19.51B compared with current liabilities of $14.72B, defining the company’s short-term resource position. Current assets covered current liabilities by 1.33x, leaving a positive buffer for near-term obligations. The company carried $9.74B of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.36x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 17.8%, showing how much of the asset base was matched by borrowing. Book equity represented 49.7% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 50.3%, placing reported obligations against the full positive asset balance. Total assets were 12.1% higher than fiscal 2024 assets of $48.94B, measuring the company’s own balance-sheet change. Book equity was 22.1% higher than fiscal 2024 equity of $22.35B, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $6.49B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow equaled 1.92x of net income, showing how strongly accounting earnings converted into cash from operations. Capital expenditures used $1.69B, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital spending absorbed 26.1% of operating cash flow, quantifying the share of cash from operations directed to investment. The combination of operating cash flow and capital spending produced $4.79B of positive free cash flow for the period. Free cash flow represented 13.4% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 8.7% 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.