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Schlumberger (SLB) stock

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NYSE: SLB NYSE Oil & Gas Equipment & Services Next results ~January 22, 2027

C+ Fundamentals grade

Schlumberger is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$58

Cash-flow model

Base case. Range ~$42–$79 across our lower- and higher-growth cases (-0.3%–9.7% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 10% below our base value.

Price used: $52.31, November 2, 2026

Schlumberger valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 8 selling0 purchases and 26 sales by directors and officers, last 12 monthsInsider trades
  • Funds750 adding, 811 cuttingOf 107 active managers that changed their stake, 48 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Schlumberger files

10-Q filed October 28: Schlumberger

Revenue for the twelve months to September 2026 was $36.9bn, up 4.6% on a year earlier, faster than the 2.5% growth a quarter earlier. Free-cash-flow margin held at 11.6%. The diluted share count is up 6.6% on a year earlier, which dilutes existing holders. Our model value is little changed at $57.21 a share, against a share price of $53.81. The rating stays Hold. At that price, our model says the market is pricing in about 4.6% a year of cash-flow growth for five years, slower than the 10.0% a year revenue growth it has delivered.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 29: Schlumberger

Revenue for the twelve months to June 2026 reached $36.9bn, up 4.6% on a year earlier. That marks an acceleration from the 2.5% growth recorded a quarter before. Free-cash-flow margin held steady at 11.6%. Less helpfully for existing holders, the diluted share count is up 6.6% year on year. The fundamentals grade improves from C to C+, and our model value edges up from $56.36 to $57.51 a share. Against a share price of $54.08, the rating stays Hold. At that price, our model implies the market is pricing in roughly 3.5% a year of cash-flow growth over five years. That sits well below the 10.0% a year revenue growth Schlumberger has actually delivered.

10-Q on SEC EDGAR

Where Schlumberger stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $36.4bn, up 2.5% on a year earlier, faster than -0.4% a quarter earlier. That puts it 751 of 931 for growth among all the companies we cover. Free-cash-flow margin held at 13.2%. The diluted share count is up 7.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 4 of our 5 financial-health checks. Our cash-flow model value is $49.75 a share, against a share price of $49.86. At that price, our model says the market is pricing in about 4.0% a year of cash-flow growth for five years, slower than the 9.7% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 22, 2027 (estimated)

Schlumberger's trailing-twelve-month revenue grew 4.6% year on year, with a free-cash-flow margin of 11.6%.

Our discounted-cash-flow model values the business at ~$58 per share in the base case (~$42–$79 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 10.5% while net income fell 15.0%: a 25pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Share dilution. Diluted shares rose 6.6% in a year.
  • Insiders selling. 8 insiders sold $30M of stock over the past 365 days and none bought (44% under pre-set trading plans).
  • Gross margin slipping. Gross margin is down 3.7 points on a year ago.

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$0.64 against an average estimate of $0.61: beat by 4.1%
Revenue
$9.45bn, up 5.8% on a year earlier
Share reaction
+7.1% in the first session after the results on October 23, 2026, against +0.2% for the S&P 500
Guidance given
capital investment $2.5bn (full-year 2026)
Next report
January 22, 2027; average EPS estimate $0.75

Schlumberger's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.7%
  • 1 week-1.5%
  • 1 month+7.3%
  • This year+38.5%
  • 1 year+48.6%
  • 5 years+77.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$36.9B
Net margin
8.4%
EPS (TTM, diluted)
$2.05

Growth

Revenue growth
+4.6%
Change in growth rate
+2.1 pts
Share count change
+6.6%

Cash

Free cash flow (TTM)
$4.3B
FCF margin
11.6%
Stock pay % of revenue
0.9%

Earnings

Last results
October 23, 2026
Next results (est.)
January 22, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Insider trade
  3. Our research
  4. Insider trade
  5. Our research
  6. Results
  7. Guidance
  8. Our research
  9. Leadership
  10. Insider trade
  11. Announcement
  12. Insider trade
  13. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Schlumberger valuation models and calculator

What the price is pricing in

The share price implies about 3.8% a year of cash-flow growth for five years.That is slower than the 10.0% a year revenue growth Schlumberger has delivered.

  • Priced in3.8%
  • Last 12 months4.6%
  • 3 years a year4.8%
  • 5 years a year10.0%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($52.33, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$58
Price used
$52.33close November 3, 2026
Implied change
▲ +11%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Schlumberger's free cash flow after stock-based pay with after-tax interest added back ($4.7B, FY2026 Q3 TTM), growing 6.5% and 6.2% in the next two years (forecasts, guidance and its record), then back to 4.7% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$42–~$79 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Schlumberger's free cash flow after stock-based pay ( $4.7B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Schlumberger as an operating company, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.92 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$58 ~$42–$79 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$43 ~$39–$55 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$43 ~$32–$59 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$45 ~$38–$53 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$49 ~$43–$58 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Schlumberger with Oil & Gas Equipment & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −28%
  • Revenue growth 5 points higher ▲ +36%
  • Free-cash-flow margin 1 point lower ▼ −9%
  • Last year's free-cash-flow margin change, if it persists ▲ +6%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $40$56$78$106$143$192
8.5% $29$41$56$77$103$138
10% $22$32$44$59$79$105

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$51.63$63.78$52.70$29.17$34.34$19.29$26.93$48.79$48.41$36.56$37.76$52.31
Market value$65.8bn$86.5bn$73.2bn$40.6bn$47.6bn$26.8bn$38.4bn$70.1bn$69.9bn$52.5bn$54.3bn$78.9bn
+ Net debt (− = net cash)$0$0$0$0$0$0$0$0$0$0$0$0
Enterprise value$65.8bn$86.5bn$73.2bn$40.6bn$47.6bn$26.8bn$38.4bn$70.1bn$69.9bn$52.5bn$54.3bn$78.9bn
Multiples
Price / sales 1.9x3.1x2.4x1.2x1.4x1.1x1.7x2.5x2.1x1.4x1.5x2.1x
Price / earnings 31.8x——19.0x——20.4x20.4x16.6x11.8x16.1x25.5x
Price / free cash flow 10.3x20.6x20.6x11.4x12.8x14.7x10.9x33.4x14.9x11.2x11.3x17.3x
EV / EBITDA 6.2x11.7x9.4x5.2x6.3x5.4x7.0x9.8x7.9x———

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

57 /100

Moderate moat

How hard Schlumberger's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 6 / 20

    Net income has been a median 4.8% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 22.3%, moving by 2.8 percentage points (standard deviation) across 7 years.

  • Durability 13 / 20

    Operating margin has been a median 13.2%; its worst year was 10.7%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 10 of 10 years, at a median 11.2% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 6.6% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 22, 2027, before the open. Analysts expect revenue of $10.0bn and EPS of $0.75 (range $0.73 to $0.80) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.45 −17% $37.1bn +4%
Next $3.12 +28% $40.3bn +9%

Next year's EPS estimate has moved −3.4% in 90 days, across 27 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −2.4% on 90 days ago. In the last 30 days, 0 analysts raised Schlumberger's forecast and 9 cut it.

Consensus EPS forecast Schlumberger, last 90 days
$2.40 $2.60 $2.80 $3.00 $3.20 $3.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.51 Current fiscal year, 60 days ago: $2.50 Current fiscal year, 30 days ago: $2.50 Current fiscal year, 7 days ago: $2.47 Current fiscal year, Now: $2.45 $2.45 Next fiscal year, 90 days ago: $3.23 Next fiscal year, 60 days ago: $3.21 Next fiscal year, 30 days ago: $3.18 Next fiscal year, 7 days ago: $3.15 Next fiscal year, Now: $3.12 $3.12

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.51$3.23
60 days ago $2.50$3.21
30 days ago $2.50$3.18
7 days ago $2.47$3.15
Now $2.45$3.12

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.61 $0.64 +4.1%
Jun 2026 $0.52 $0.55 +6.3%
Mar 2026 $0.51 $0.52 +1.1%
Dec 2025 $0.74 $0.78 +5.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 23, 2026
  • Capital investment full-year 2026 about $2.5bn Maintained
    “Capital investment (consisting of capex, exploration data costs and APS investments) for the full-year 2026 is still expected to be approximately $2.5 billion.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Schlumberger's revenue by +6.5% next year and +6.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+7.2%, weight 70%) and the company's own record (+4.7%, weight 30%) . How the weights are set.

Analyst recommendations

30 analysts, Oct 2026
Buy2687%
Hold310%
Sell13%

Monthly trend

  1. Oct 2026719330
  2. Sep 202671930
  3. Aug 202671930
  4. Jul 202671930

Counts of recommendations published by analysts covering Schlumberger, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.3%
of tradable shares
Days to cover
4.24
at average volume
Short interest, 1 month
−8%
to October 15, 2026
Held by institutions
94%
of shares
Held by insiders
0.2%
of shares
Employees
109,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +48.6%

$35.20 on October 31, 2025 to $52.31

ThenNowEffect
Revenue (last 12 months) $35.5bn $36.4bn +2.5%
Net margin 11.5% 8.5% −26.1%
P/E multiple 12.0x 25.4x +110.9%
Share count 1400m 1506m −7.0%

Biggest factor: p/e multiple.

Last 3 years −0.6%

$52.65 on November 3, 2023 to $52.31

ThenNowEffect
Revenue (last 12 months) $31.2bn $36.4bn +16.6%
Net margin 12.6% 8.5% −32.5%
P/E multiple 19.3x 25.4x +31.8%
Share count 1442m 1506m −4.3%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
SLB+40%+81%−1%−25%+3%+39%
Industry peers (median)−1%+38%−7%−5%−1%+18%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SLB58%67%50%33%67%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SLB−28%−37%−26%−32%−26%−22%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 84% from January 18, 2017 to March 18, 2020. Getting back needed a 536% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$34.35 – $59.79
From 52-week high
−12.5%
vs 50-day average
−0.2%
vs 200-day average
+2.3%
Volatility (1 year)
37%
Beta vs S&P 500
0.70

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±3.6%
After a week
8 up, 4 down
typical move ±4.4%
After a month
6 up, 5 down
typical move ±5.3%
Results releasedNext dayS&P 500 next day5 days21 days
October 23, 2026 +7.1% +0.2% +8.5% —
July 24, 2026 +9.1% +0.1% +5.0% +14.4%
April 24, 2026 +0.9% +0.9% +4.0% +5.9%
January 23, 2026 +0.8% +0.5% −1.9% +5.7%
October 17, 2025 +1.5% +1.6% +8.8% +8.7%
July 18, 2025 −3.3% +0.1% +2.3% −4.0%
April 25, 2025 −2.4% +0.8% −0.6% −2.9%
January 17, 2025 +6.4% +1.9% +3.5% +3.4%
October 18, 2024 −3.5% +0.2% −5.1% −1.1%
July 19, 2024 +1.5% +0.4% +0.2% −6.9%
April 19, 2024 −2.8% 0.0% −3.4% −5.3%
January 19, 2024 +4.4% +1.5% +9.0% +0.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Schlumberger’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.03× the last 60 days’ realised volatility , richer than 25% of the 229 stocks we screen today.
  • Puts and calls are priced at about the same implied volatility.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

SLB Schlumberger Grade C+ $52.57

Own 100 shares, sell the $60.00 call expiring December 18, 2026 (46 days) for $0.48 a share — $48.00 per contract.

Previous session · Bid $0.48, ask $0.59, quoted Mon 2 Nov, 17:36 New York time with SLB at $52.57. Option prices move with the shares: check the live chain at your broker before trading.

  • If SLB ends below $60.00: you keep your shares and the $48.00 — 0.9% extra on the position, 7.2% a year at that pace.
  • If it ends above $60.00: your shares are sold at $60.00, a total return of 15.0% including the premium — at or above our value of ~$58.
$791 $0 −$1.0k Break-even $52.09 Price $52.57 Our value $58.00
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$48.00
Annualised
7.2%
Break-even
$52.09
Max gain
$791
Chance of selling
~18%

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Schlumberger in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Schlumberger
$33B $34B $35B $36B $37B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $33.1B Revenue (TTM), FY24 Q1: $34.1B Revenue (TTM), FY24 Q2: $35.1B Revenue (TTM), FY24 Q3: $36B Revenue (TTM), FY24 Q4: $36.3B Revenue (TTM), FY25 Q1: $36.1B Revenue (TTM), FY25 Q2: $35.5B Revenue (TTM), FY25 Q3: $35.2B Revenue (TTM), FY25 Q4: $35.7B Revenue (TTM), FY26 Q1: $35.9B Revenue (TTM), FY26 Q2: $36.4B Revenue (TTM), FY26 Q3: $36.9B $36.9B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $33.1B
FY24 Q1 $34.1B
FY24 Q2 $35.1B
FY24 Q3 $36B
FY24 Q4 $36.3B
FY25 Q1 $36.1B
FY25 Q2 $35.5B
FY25 Q3 $35.2B
FY25 Q4 $35.7B
FY26 Q1 $35.9B
FY26 Q2 $36.4B
FY26 Q3 $36.9B
Revenue growth, TTM YoY Schlumberger
-10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 18.0% Revenue growth, TTM YoY, FY24 Q1: 14.2% Revenue growth, TTM YoY, FY24 Q2: 12.7% Revenue growth, TTM YoY, FY24 Q3: 12.4% Revenue growth, TTM YoY, FY24 Q4: 9.5% Revenue growth, TTM YoY, FY25 Q1: 5.8% Revenue growth, TTM YoY, FY25 Q2: 0.9% Revenue growth, TTM YoY, FY25 Q3: -2.1% Revenue growth, TTM YoY, FY25 Q4: -1.6% Revenue growth, TTM YoY, FY26 Q1: -0.4% Revenue growth, TTM YoY, FY26 Q2: 2.5% Revenue growth, TTM YoY, FY26 Q3: 4.6% 4.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 18.0%
FY24 Q1 14.2%
FY24 Q2 12.7%
FY24 Q3 12.4%
FY24 Q4 9.5%
FY25 Q1 5.8%
FY25 Q2 0.9%
FY25 Q3 -2.1%
FY25 Q4 -1.6%
FY26 Q1 -0.4%
FY26 Q2 2.5%
FY26 Q3 4.6%
Operating margin (TTM) Schlumberger
12% 14% 16% 18% 20% FY21 Q2 FY22 Q1 FY22 Q4 FY24 Q1 Operating margin (TTM), FY21 Q2: 12.5% Operating margin (TTM), FY21 Q3: 13.6% Operating margin (TTM), FY21 Q4: 14.7% Operating margin (TTM), FY22 Q1: 15.2% Operating margin (TTM), FY22 Q2: 15.9% Operating margin (TTM), FY22 Q3: 16.8% Operating margin (TTM), FY22 Q4: 17.8% Operating margin (TTM), FY23 Q1: 18.4% Operating margin (TTM), FY23 Q2: 19.0% Operating margin (TTM), FY23 Q3: 19.4% Operating margin (TTM), FY23 Q4: 19.7% Operating margin (TTM), FY24 Q1: 19.9% 19.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY21 Q2 12.5%
FY21 Q3 13.6%
FY21 Q4 14.7%
FY22 Q1 15.2%
FY22 Q2 15.9%
FY22 Q3 16.8%
FY22 Q4 17.8%
FY23 Q1 18.4%
FY23 Q2 19.0%
FY23 Q3 19.4%
FY23 Q4 19.7%
FY24 Q1 19.9%
FCF margin (TTM) Schlumberger
10% 11% 12% 13% 14% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 14.2% FCF margin (TTM), FY24 Q1: 13.8% FCF margin (TTM), FY24 Q2: 12.9% FCF margin (TTM), FY24 Q3: 14.8% FCF margin (TTM), FY24 Q4: 12.3% FCF margin (TTM), FY25 Q1: 13.3% FCF margin (TTM), FY25 Q2: 13.0% FCF margin (TTM), FY25 Q3: 11.0% FCF margin (TTM), FY25 Q4: 12.7% FCF margin (TTM), FY26 Q1: 12.3% FCF margin (TTM), FY26 Q2: 12.4% FCF margin (TTM), FY26 Q3: 11.6% 11.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 14.2%
FY24 Q1 13.8%
FY24 Q2 12.9%
FY24 Q3 14.8%
FY24 Q4 12.3%
FY25 Q1 13.3%
FY25 Q2 13.0%
FY25 Q3 11.0%
FY25 Q4 12.7%
FY26 Q1 12.3%
FY26 Q2 12.4%
FY26 Q3 11.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 22.7 26.7 36.6 41.7 45.3 48.6 35.5 27.8 30.4 32.8 32.9 23.6 22.9 28.1 33.1 36.3 35.7 36.9
Gross profit 5.5 5.6 7.8 8.8 9.9 11.2 7.2 — — — — — — — — — — —
EBITDA — — — — 13.2 14.7 10.6 7.4 7.8 7.7 7.6 5.0 5.5 7.2 8.8 — — —
Operating income — — — — 9.3 10.6 6.5 3.3 3.9 4.2 4.0 2.4 3.4 5.0 6.5 — — —
Net income 3.1 4.3 5.0 5.5 6.7 5.4 2.1 −1.7 −1.5 2.1 −10.1 −10.5 1.9 3.4 4.2 4.5 3.4 3.1
Diluted EPS $2.59 $3.38 $3.67 $4.10 $5.05 $4.16 $1.63 −$1.24 −$1.08 $1.53 −$7.32 −$7.57 $1.32 $2.39 $2.91 $3.11 $2.35 $2.05
Growth (year on year)
Revenue −16.4% +17.5% +37.1% +14.1% +8.5% +7.3% −27.0% −21.6% +9.5% +7.8% +0.3% −28.3% −2.8% +22.5% +18.0% +9.5% −1.6% +4.6%
EBITDA — — — — — +10.9% −27.8% −30.4% +5.3% −0.2% −2.3% −34.4% +10.4% +30.5% +23.4% — — —
Operating income — — — — — +13.2% −38.4% −49.7% +19.8% +6.8% −5.0% −39.6% +40.1% +48.9% +30.2% — — —
Net income −42.3% +36.2% +17.1% +9.9% +22.6% −19.2% −61.9% −181.4% — — −574.1% — — +82.9% +22.1% +6.1% −24.4% −15.0%
Diluted EPS −41.8% +30.5% +8.6% +11.7% +23.2% −17.6% −60.8% −176.1% — — −578.4% — — +81.1% +21.8% +6.9% −24.4% −20.3%
Margins
Gross margin 24.0% 20.9% 21.3% 21.2% 21.9% 23.0% 20.2% — — — — — — — — — — —
EBITDA margin — — — — 29.2% 30.2% 29.8% 26.5% 25.5% 23.6% 23.0% 21.0% 23.9% 25.5% 26.7% — — —
Operating margin — — — — 20.6% 21.8% 18.4% 11.8% 12.9% 12.8% 12.1% 10.2% 14.7% 17.8% 19.7% — — —
Net margin 13.8% 16.0% 13.7% 13.2% 14.9% 11.2% 5.8% −6.1% −4.9% 6.5% −30.8% −44.6% 8.2% 12.2% 12.7% 12.3% 9.4% 8.4%
Free-cash-flow margin 12.8% 9.7% 5.1% 4.4% 12.9% 14.9% 18.0% 15.1% 11.7% 10.8% 11.3% 7.7% 15.3% 7.5% 14.2% 12.9% 13.4% 12.4%
Cash flow
Cash from operations 5.3 5.5 5.9 6.5 9.8 11.2 8.8 6.3 5.7 5.7 5.4 2.9 4.7 3.7 6.6 6.6 6.5 6.4
Capital spending 2.4 2.9 4.0 4.7 3.9 4.0 2.4 2.1 2.1 2.2 1.7 1.1 1.1 1.6 1.9 1.9 1.7 1.8
Free cash flow 2.9 2.6 1.9 1.8 5.8 7.2 6.4 4.2 3.6 3.6 3.7 1.8 3.5 2.1 4.7 4.7 4.8 4.6
Stock-based pay 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.3
Free cash flow after stock pay 2.7 2.4 1.6 1.5 5.5 6.9 6.1 3.9 3.2 3.2 3.3 1.4 3.2 1.8 4.4 4.4 4.5 4.2
Balance sheet
Cash 0.6 1.8 1.7 1.9 3.5 3.1 — — — — — — — — — — — —
Total debt 5.2 8.1 9.9 11.6 13.2 13.3 19.0 19.6 14.9 14.6 14.8 16.0 13.3 10.6 10.8 11.0 9.7 11.1
Net debt (negative = net cash) 4.5 6.3 8.2 9.7 9.7 10.2 — — — — — — — — — — — —
Diluted shares 1,214m 1,263m 1,361m 1,339m 1,333m 1,308m 1,275m 1,357m 1,388m 1,393m 1,385m 1,390m 1,427m 1,437m 1,443m 1,436m 1,437m 1,508m
Returned to shareholders
Dividends 1.0 1.0 1.3 1.4 1.6 2.0 2.4 2.6 2.8 2.8 2.8 1.7 0.7 0.8 1.3 1.5 1.6 1.7
Buybacks 0.5 1.7 3.0 1.0 2.6 4.7 2.2 0.8 1.0 0.4 0.3 0.0 — — 0.7 1.7 2.4 1.8
Total returned 1.5 2.8 4.3 2.4 4.2 6.6 4.6 3.4 3.7 3.2 3.0 1.8 0.7 0.8 2.0 3.3 4.0 3.5

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 5 checks passed · September 30, 2026
What it owns · $56.2bn
Short-term assets $20.5bnLonger-term assets $35.7bn
What it owes, and who funded it · $55.0bn
Short-term liabilities $14.8bnLonger-term liabilities $14.2bnShareholders' equity $26.1bn
  • Short-term assets cover short-term liabilities $20.5bn of assets due within a year against $14.8bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $20.5bn short-term assets against $14.2bn of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Debt is 43% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 86% to 43% over five years.
  • A year's operating cash flow covers at least 20% of debt $6.4bn of operating cash flow against $11.1bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Schlumberger's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$1.8B
Dividends (TTM)
$1.7B
Returned to shareholders
82%
of free cash flow
Buybacks, last 3 fiscal years
$4.8B
Diluted share count
+6.6%
year over year
Total shareholder yield
4.5%
dividends 2.2% + buybacks 2.3% of market value
Dividend payout ratio
56%
of net income paid out
R&D spending
1.8%
of revenue

Competitors: side by side with peers

Closest by revenue in oil & gas equipment & services
Last 12 months unless stated SLB BKR HAL FTI NOV WFRD Median
Revenue, last 12 months $36.9bn $28.7bn $22.5bn $10.7bn $8.7bn $4.7bn $1.2bn
Revenue growth, last 12 months 4.6% 3.7% 1.5% 9.1% −1.0% −5.7% 3.7%
Revenue growth, 3-year average 4.8% 5.4% −0.6% 12.8% 1.5% −2.0% 2.0%
Revenue growth, latest quarter 5.8% 14.5% 1.8% 9.4% 2.3% −7.2% 7.3%
Gross margin 19.1% 18.6% — — 20.7% 21.2% 21.1%
Operating margin 19.9% 11.1% 12.6% 16.8% 5.5% 12.4% 7.3%
Operating margin, 3-year average 17.8% 8.6% 13.6% 14.4% 7.2% 15.0% 7.2%
Net margin 8.4% 10.1% 8.9% 12.0% 1.6% 8.6% 2.6%
Cash from operations / revenue 17.2% 15.7% 11.7% 17.5% 7.0% 16.4% 11.7%
Free-cash-flow margin 11.6% 11.2% 7.1% 14.9% 3.1% 12.3% 2.0%
Free-cash-flow margin, 3-year average 12.4% 8.4% 8.7% 13.5% 7.3% 10.6% 4.0%
Stock pay / revenue 0.9% 0.7% — 1.1% 0.8% 1.1% 1.1%
Change in share count 6.6% — −2.9% −4.7% −4.5% −1.2% 1.0%

Median of all 35 companies we cover in oil & gas equipment & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

35 oil & gas equipment & services companies
Measure Company Peer median Rank
Revenue growth Growth 4.6% 3.7% 17 of 35
Change in growth rate Growth +2.1pp +1.5pp 15 of 34
Net margin Profitability 8.4% 2.6% 11 of 35
Free-cash-flow margin Cash generation 11.6% 2.0% 8 of 35
Stock pay as % of revenue Cash generation 0.9% 1.1% 12 of 32
Long-term debt as % of assets Balance sheet 19.8% 22.6% 15 of 32
Change in share count Balance sheet 6.6% 1.0% 24 of 31

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Production Systems $13.3B 37.3% ▲ 11.6%
Well Construction $11.9B 33.2% ▼ 11.2%
Reservoir Performance $6.8B 19.1% ▼ 5.0%
Digital Integration $2.7B 7.4% ▲ 9.1%
All Other Segments $2B 5.6% ▼ 6.1%
Eliminations Other -$940M -2.6% —
Products and services
Line of business Revenue Share YoY
Services $21.2B 59.4% ▼ 9.0%
Products $14.5B 40.6% ▲ 11.7%

From Schlumberger's 10-K filed January 23, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$63.8B
Institutions reporting
1,690
Shares held vs prior quarter
▲ 3.5%
Positions opened / closed
144 / 146

Top buyers and sellers, Q2 2026: 750 institutions bought and 811 sold ; the biggest buyer was First Eagle Investment Management, LLC (+29.5M shares) and the biggest seller Blackrock, Inc (−16.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $5.4B 116.2M 8.5% ▼ 12.2%
Vanguard Capital Management LLC $4.5B 97.7M 7.1% ▲ 0.5%
State Street Corp $4.3B 91.2M 6.7% ▲ 0.8%
Vanguard Portfolio Management LLC $3.5B 75.1M 5.5% ▲ 0.7%
Price T Rowe Associates Inc $2.9B 61.6M 4.5% ▲ 14.1%
First Eagle Investment Management, LLC $2.7B 57.8M 4.2% ▲ 103.8%
Charles Schwab Investment Management Inc $2.2B 48.3M 3.5% ▲ 10.3%
Capital World Investors $2.2B 47.5M 3.5% ▼ 0.5%
Morgan Stanley $1.8B 37.7M 2.8% ▼ 6.0%
Geode Capital Management, LLC $1.6B 35.3M 2.6% ▲ 1.0%
UBS Group AG $1.5B 31.4M 2.3% ▼ 5.2%
Bank Of New York Mellon Corp $1.3B 28.8M 2.1% ▲ 17.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Schlumberger's complete shareholder register. Values are as reported by the filers ; 5 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $29.9M 26 trades by 8 insiders · 44% under pre-set plans
Net ▼ $29.9M net selling
Insider Date Trade Shares Price Value
Le Peuch Olivier Chief Executive Officer November 2, 2026 Sell pre-set plan 25,000 $52.90 $1.3M
Ralston Dianne B. Chief Legal Officer & Sec October 30, 2026 Sell 20,986 $53.57 $1.1M
Guild Howard Chief Accounting Officer October 29, 2026 Sell 10,047 $53.65 $539,022
Le Peuch Olivier Chief Executive Officer October 27, 2026 Sell pre-set plan 25,000 $53.17 $1.3M
Le Peuch Olivier Chief Executive Officer September 1, 2026 Sell pre-set plan 35,000 $60.00 $2.1M
Le Peuch Olivier Chief Executive Officer August 31, 2026 Sell pre-set plan 5,000 $60.00 $300,000
Le Peuch Olivier Chief Executive Officer August 27, 2026 Sell pre-set plan 5,000 $55.00 $275,000
Le Peuch Olivier Chief Executive Officer August 26, 2026 Sell pre-set plan 25,000 $52.55 $1.3M
Le Peuch Olivier Chief Executive Officer May 27, 2026 Sell pre-set plan 25,000 $56.99 $1.4M
De La Chevardiere Patrick Director May 7, 2026 Sell 2,000 $54.33 $108,660
Gassen Steve Matthew EVP, Geographies May 1, 2026 Sell 33,379 $56.19 $1.9M
Gassen Steve Matthew EVP, Geographies May 1, 2026 Sell 20,000 $56.16 $1.1M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 115 trades and filings

No trades in Schlumberger disclosed in the last 12 months; 115 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 31, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 22, 2027 estimated from the company's past filing pattern, not announced

  • October 23, 2026
  • July 24, 2026
  • April 24, 2026
  • January 23, 2026
  • October 17, 2025
  • July 18, 2025

Recent SEC filings

Data status

When each part of this page on Schlumberger was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Schlumberger in brief

What does Schlumberger do?
Schlumberger is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in December.
What is Schlumberger's stock ticker?
Schlumberger trades under the ticker SLB on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Schlumberger's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Schlumberger reported revenue of $36.9B, 4.6% higher than a year earlier, according to its SEC filings.
What is Schlumberger's free cash flow?
Schlumberger's free-cash-flow margin is 11.6% of revenue over the trailing twelve months, ranking 8 of the 35 oil & gas equipment & services companies we cover.
What is Schlumberger's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Schlumberger's free cash flow after stock-based pay gives ~$58 per share in the base case, and ~$42–$79 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Schlumberger's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Schlumberger buying back stock, and does it pay a dividend?
Schlumberger spent $1.8B on share repurchases over the trailing twelve months, and its diluted share count still rose 6.6% over the year.
What is Schlumberger's market cap?
On November 2, 2026, Schlumberger's market capitalisation was about $78.9B, with a price-to-earnings ratio of 25.5 and net debt of $0. Market figures come from third-party market data and may be delayed.
Does Schlumberger pay a dividend?
Yes: Schlumberger paid $1.7B in dividends over the trailing twelve months, a dividend yield of 2.24% and a payout ratio of 55.9%.
How much debt does Schlumberger have?
Schlumberger's debt-to-equity ratio is 42.8%, from its latest balance sheet (85.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Schlumberger's competitors?
In our Oil & Gas Equipment & Services peer group, the companies closest to Schlumberger are Baker Hughes, Halliburton, TechnipFMC plc, NOV Inc. and Weatherford International plc. The side-by-side comparison below sets their revenue, margins and growth against Schlumberger's.
Are insiders buying or selling Schlumberger stock?
Over the last 12 months, Schlumberger's directors and officers reported 0 open-market purchases and 26 sales on Form 4. The insider trading page charts every trade.
When is Schlumberger's next earnings date?
Around January 22, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Schlumberger announces its own schedule.