Common-Size Income Statement
Quarterly Data
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Geographic Areas
- Dividend Discount Model (DDM)
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
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SLB N.V., common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The financial trajectory reflects a strategic shift in revenue composition characterized by a transition from a service-dominant model to a more balanced mix between services and product sales. While profitability saw significant expansion through 2023, a subsequent contraction in margins is evident toward the end of the period.
- Revenue Mix Dynamics
- A structural shift in revenue streams is observed. Services initially represented 66.67% of revenue in March 2021, peaking at 70.82% in March 2022, before declining steadily to 57.96% by June 2026. This decline is mirrored by a corresponding increase in product sales, which grew from 33.33% in March 2021 to a peak of 45.04% in December 2025, eventually settling at 42.04% by June 2026.
- Gross Margin Evolution
- Gross margins experienced a period of sustained growth, rising from 13.77% in March 2021 to a peak of 21.12% in December 2023. Following this peak, a downward trend emerged, with the margin compressing to 15.55% by June 2026. This compression is primarily attributable to a sharp increase in the cost of sales, which rose from -28.20% in March 2021 to -36.08% by June 2026, offsetting the efficiencies gained in the cost of services.
- Operating Expense Management
- Operating expenses remained relatively controlled over the analyzed period. Research and engineering costs stayed stable, fluctuating within a narrow band between -1.88% and -2.58% of revenue. General and administrative expenses showed an improving trend, decreasing from -1.55% in March 2021 to -0.94% in June 2026. However, the latter part of the period is marked by the introduction of restructuring and merger integration costs, which peaked as a combined drag on revenue between 2024 and 2026.
- Profitability and Net Income
- Operating income followed a bell-shaped trajectory, increasing from 9.63% in March 2021 to a peak of 17.46% in September 2023, before declining to 11.94% by June 2026. Net income attributable to the parent company followed a similar pattern, reaching a high of 14.16% in June 2022 and subsequently moderating to 8.76% by June 2026. The impact of noncontrolling interests remained minimal and relatively stable throughout the period.