SLB LIMITED/NV(SLB)Stock Analysis
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Rank #693 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
SLB Stock Analysis & AI Quality Score
AI stock analysis and institutional research for SLB LIMITED/NV (SLB), a Energy sector company. 13F Pro's AI-powered ranking engine scores SLB at 63.2/100 on a 32-signal composite quality model, placing it at rank #693 of 2,879 stocks — the top 25% of the AI-ranked universe. SLB scores in the top quartile across revenue scale (96.0), institutional flow (92.3), balance sheet strength (75.2). Areas of concern include earnings quality (25.8), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), SLB LIMITED/NV reports quarterly revenue of $8.7B, net income of $752.0M, an operating margin of 11.0%. Top institutional holders of SLB by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. SLB trades on the NYSE exchange and files with the SEC under CIK 87347. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SLB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SLB LIMITED/NV directly from SEC EDGAR. SLB LIMITED/NV's 13F Pro composite quality score has ranged between 8 and 79 since 2023, currently 63.2 — an improving long-term trajectory across 48 quarterly and live scoring snapshots.
What's Driving SLB's Business? Latest 10-Q Breakdown
✓ 20/20 datapoints verifiedAI-extracted from SLB LIMITED/NV's 10-Q filed 2026-04-29 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
SLB Q1 revenue of $8.7B grew 3% YoY but declined 7% excluding ChampionX acquisition; Middle East conflict disrupted operations across Well Construction and Reservoir Performance segments.
Biggest Revenue Drivers
Total revenue: $8.7B+3% YoY
ChampionX production chemicals and artificial lift businesses contributed $833M revenue; excluding acquisition, revenue declined 6% YoY due to Middle East conflict disruptions.
Lower activity due to Middle East conflict, compounded by pricing headwinds in select markets.
Lower stimulation and intervention activity primarily driven by operational disruptions caused by the Middle East conflict.
Increased digital services adoption and new technology introduction; ChampionX contributed $32M of digital revenue.
Largest Expense Items
Decreased from $4.3B in Q1 2025 reflecting lower service volumes.
Increased from $2.6B in Q1 2025; ChampionX acquisition and higher product mix contributed to increase.
Decreased from $147M in Q1 2025.
Margins: Pretax operating margin contracted significantly: Well Construction fell 463 basis points, Production Systems fell 240 basis points, and Reservoir Performance fell 47 basis points, all primarily due to Middle East conflict disruptions and lower activity levels.
Watch Items from the Filing
- Middle East & Asia represents approximately 70% of Q1 revenue ($2.7B), and the conflict caused widespread demobilizations and operational disruptions across Well Construction and Reservoir Performance segments.
- ChampionX integration ongoing; Q1 2026 included $41M of merger and integration charges, with $833M revenue contribution and $148M pretax income from the acquisition.
- Free cash flow was negative $23M in Q1 2026 compared to positive $103M in Q1 2025, reflecting increased working capital requirements despite $761M net income.
- Net debt increased to $8.2B from $7.4B at year-end 2025; company issued $782M of long-term debt and repurchased $451M of stock during Q1 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$8.7B
Net Income
Q1 2026
$752.0M
Free Cash Flow
Q1 2026
$144.0M
Operating Margin
Q1 2026
11.0%
D/E Ratio
Q1 2026
0.37
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-1.6% YoYNet Income
-24.4% YoYOperating Income
EPS (Diluted)
-24.4% YoYTotal Assets
+12.1% YoYTotal Debt
-11.6% YoYOp. Cash Flow
-1.7% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $35.71B -1.6% | $36.29B +9.5% | $33.13B +44.5% | $22.93B -2.8% | $23.60B -28.3% | $32.92B |
| Net Income | $3.37B -24.4% | $4.46B +6.1% | $4.20B +123.4% | $1.88B +117.9% | $-10.52B -3.8% | $-10.14B |
| Operating Income | — | — | $6.52B +93.8% | $3.37B +40.1% | $2.40B -39.6% | $3.98B |
| EPS (Diluted) | $2.35 -24.4% | $3.11 +6.9% | $2.91 +120.5% | $1.32 +117.4% | $-7.57 -3.4% | $-7.32 |
| Total Assets | $54.87B +12.1% | $48.94B +2.0% | $47.96B +15.5% | $41.51B -2.2% | $42.43B -24.6% | $56.31B |
| Total Debt | $9.74B -11.6% | $11.02B +1.7% | $10.84B -18.4% | $13.29B -17.1% | $16.04B +8.6% | $14.77B |
| Operating Cash Flow | $6.49B -1.7% | $6.60B -0.5% | $6.64B +42.7% | $4.65B +58.0% | $2.94B -45.8% | $5.43B |
AI Insight: SLB Financial Trends
SLB's debt fell 20% year-over-year to $9.7B, but revenue and profitability remain under pressure amid energy sector headwinds.
• Total debt declined from $12.2B in Q2 2024 to $9.7B in Q1 2026, a 21% reduction strengthening balance sheet.
• Revenue contracted 5% from $9.1B (Q2 2024) to $8.7B (Q1 2026); net income fell 32% over the same period.
• Operating cash flow rebounded to $3.0B in Q4 2025, highest in dataset, but collapsed to $487M in Q1 2026.
⚠ Net income volatility persists: $824M (Q4 2025) to $752M (Q1 2026), suggesting earnings instability.
⚠ Equity jumped 24% from $21.1B (Q4 2024) to $26.2B (Q1 2026), driven by deleveraging not earnings growth.
AI Insight: SLB Ratio Trends
SLB's profitability has deteriorated sharply—operating margin fell to 11.0% in Q1 2026 from 16.4% peak in Q3 2024, with ROIC contracting 7.4 percentage points over the same span.
• Operating margin compressed from 15.6% (Q2 2024) to 11.0% (Q1 2026), a 4.6pp decline. ROA dropped from 9.0% to 5.5%.
• ROIC fell from 18.1% (Q3 2024) to 10.7% (Q1 2026), the lowest in dataset. Net profit margin slumped from 13.0% to 8.6%.
• Leverage improved: D/E ratio declined to 0.37 (Q1 2026) from 0.58 (Q2 2024), reducing financial risk.
⚠ Consecutive quarterly ROIC declines from 16.5% (Q2 2025) to 10.7% (Q1 2026) signal sustained operational underperformance.
⚠ Q1 2026 marks five consecutive quarters below the Q3 2024 peak—pattern suggests structural headwind, not cyclical blip.
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Available Research
13F Pro tracks comprehensive data for SLB LIMITED/NV including:
Top Institutional Holders of SLB
BlackRock, Inc.
$6.8B132,223,012 shVANGUARD CAPITAL MANAGEMENT LLC
$5.0B97,191,687 shSTATE STREET CORP
$4.7B90,500,581 shVANGUARD PORTFOLIO MANAGEMENT LLC
$3.8B74,609,987 shCapital World Investors
$2.5B47,738,940 shCHARLES SCHWAB INVESTMENT MANAGEMENT INC
$2.2B43,775,161 shMORGAN STANLEY
$2.1B40,159,562 shGEODE CAPITAL MANAGEMENT, LLC
$1.8B34,948,492 shUBS Group AG
$1.7B33,184,227 shFirst Eagle Investment Management, LLC
$1.5B28,376,167 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $6.8B | 132,223,012 |
| VANGUARD CAPITAL MANAGEMENT LLC | $5.0B | 97,191,687 |
| STATE STREET CORP | $4.7B | 90,500,581 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3.8B | 74,609,987 |
| Capital World Investors | $2.5B | 47,738,940 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $2.2B | 43,775,161 |
| MORGAN STANLEY | $2.1B | 40,159,562 |
| GEODE CAPITAL MANAGEMENT, LLC | $1.8B | 34,948,492 |
| UBS Group AG | $1.7B | 33,184,227 |
| First Eagle Investment Management, LLC | $1.5B | 28,376,167 |
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Popular Research
Is SLB a good stock to buy?
13F Pro's AI-powered analysis of SLB LIMITED/NV (SLB) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SLB are available on the SLB stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own SLB?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SLB. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of SLB LIMITED/NV's investment landscape.