CHARGED ALPHATMFrontier AI stock research

SLB · NYSE

Schlumberger Ltd.

Oil & Gas Equipment & Services · United States

USD 52.31-2.7% daily changeQuote 2026-11-02 · USD
Market cap (USD)
US$77.21B
Trailing P/E
26.02x
Forward P/E
17.00x
Quarterly revenue growth
5.8%
Trailing net margin
8.4%
Indicated dividend yield
2.3%

Snapshot 2026-11-03 · Latest financial period 2026-09-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2027-01-22 (provider estimate; issuer confirmation unavailable here).

Company background

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.

Company website

Q3 2026

Go beyond the headline.

SLB Stock: Growth Returns — But Who Gets the Cash? | Q3 2026

Published 2026-10-27

Q3 2026 REPORT HIGHLIGHTS

What’s changed for SLB

SLB’s acquired-growth bridge, weaker annual margins and cash-return funding gap frame the value of its core recovery and pending data-center expansion.

  1. Growth is positive but acquisition-heavy.

    ChampionX contributed $377M of the $521M reported annual revenue increase; acquisition-excluded growth was approximately 2%.

  2. Core operations are recovering sequentially.

    Middle East activity improved, while Well Construction and Reservoir Performance margins remain below last year.

  3. Digital and data centers add opportunity.

    Digital ARR was $1.04B and Data Center Solutions grew 76% year over year; a standalone data-center profit is not disclosed.

  4. Cash has competing claims.

    Nine-month buybacks and dividends exceeded issuer free cash flow by $1.539B, alongside a rise in net debt.

  5. Kelvion raises the next funding test.

    The pending acquisition entails approximately $3.4B cash and $0.7B assumed debt; future acquired earnings are not invented in our model.

Comparable businesses

SLB peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricSLBSLB N.V.Snapshot 2026-11-03Financial period: 2026-09-30HALHalliburton CompanySnapshot 2026-11-03Financial period: 2026-09-30NOVNOV Inc.Snapshot 2026-11-03Financial period: 2026-09-30
Market capMarket value, converted to USDUS$77.21BUS$28.63BUS$6.66B
Forward P/EProvider forward earnings estimate17.00x11.79x14.82x
EV / EBITDAEnterprise value / trailing EBITDA11.86x8.46x8.14x
Revenue growthLatest quarter vs prior-year quarter5.8%1.8%2.3%
Operating marginLatest reported quarter14.0%12.4%6.2%
Free cash flow yieldTrailing cash flow / market cap4.0%5.7%4.7%
Net debt / EBITDANet debt / trailing EBITDA1.25x1.54x1.29x
Debt / equityTotal debt / positive book equity0.47x0.73x0.37x
Trailing P/ETrailing twelve-month earnings26.02x15.18x45.56x
Price / bookPrice / positive book equity per share2.96x2.57x1.07x
EV / salesEnterprise value / trailing revenue2.37x1.56x0.92x
Earnings growthLatest quarter vs prior-year quarter-2.0%2,400.0%127.3%
Gross marginTrailing twelve months16.6%14.8%21.3%
Net marginTrailing twelve months8.4%8.9%1.6%
Return on equityProvider trailing return; positive equity only11.7%18.8%2.3%
Free cash flow marginTrailing free cash flow / revenue8.3%7.3%3.6%
Dividend yieldIndicated annual dividend / price2.3%2.0%1.9%
Earnings payoutProvider trailing dividend payout56.8%28.6%106.1%
Current ratioCurrent assets / current liabilities1.39x2.02x2.51x
BetaProvider historical market sensitivity0.790.750.95

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

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Financial history
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Market context

Valuation & price history

Adjusted closing price

Price history

Price history loads separately.

Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-11-03. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for SLB

All available reporting periods
Q3 20262026-10-27
Q2 20262026-07-24
Q1 20262026-04-25

SLB Q1 2026 earnings analysis

Presentation · 2026-04-25 · YouTube

Deep Dive2026-04-25

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.