Common-Size Income Statement
Quarterly Data
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- Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Dividend Discount Model (DDM)
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
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Schlumberger Ltd., common-size consolidated income statement (quarterly data)
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Revenue Composition
- Services consistently represent the majority portion of revenue, ranging from approximately 62% to 73% throughout the periods, but there is a clear gradual decline in the services contribution starting around 2021, dropping from roughly 69%-70% to near 62% by mid-2025. Conversely, product sales show a complementary increasing trend, rising from about 27% in early 2020 to nearly 38% by mid-2025, indicating a strategic shift or changing market demand favoring products over services.
- Cost Structure
- Total cost of revenue exhibits a gradual decrease as a percentage of revenue over time, moving from around -89% in early 2020 to about -81% in the early 2020s, indicating improving cost efficiency. Specifically, the cost of services declines more notably—from around -63% to below -50%—while the cost of sales fluctuates but generally remains around -25% to -31%, showing a slight increase near the latter periods.
- Profitability and Margin Trends
- Gross margin as a percentage of revenue steadily increases over the analyzed period, starting at approximately 11% in early 2020 and peaking around 21% in 2024, before experiencing a slight decline to about 19% by mid-2025. This improvement suggests enhanced operational efficiency or pricing power. Operating income transitions from significant losses in 2020 (-107%) to positive and steadily increasing margins above 13% by mid-2025, demonstrating a strong recovery and sustained profitability improvement post-2020.
- Research and Administrative Expenses
- Research and engineering expenses as a percentage of revenue trend slightly downward over the period, moving from approximately -2.3% to around -2.0%, reflecting steady investment in innovation with slight efficiency gains. General and administrative expenses demonstrate a moderate decrease, from about -1.7% initially to near -1.0% by the end of the period, suggesting ongoing efforts to control overhead costs.
- Non-Recurring and Restructuring Costs
- Impairments and other non-recurring costs were significant in the first part of the dataset, notably very high losses of over -114% early in 2020, diminishing substantially by late 2020, and no further major impairments reported subsequently. Starting in 2023, restructuring and merger/integration expenses appear, fluctuating between approximately -0.5% and -2.4%, indicating ongoing organizational adjustments and integration efforts.
- Net Income and Taxation
- Net income moves from substantial negative values exceeding -90% of revenue in early 2020 to positive territory by late 2020, then consistently remains in positive double-digit percentages ranging roughly between 9% and 14% thereafter. The tax expense becomes more stable, generally around -2% to -3%, indicative of normalized profitability and tax obligations. Net income attributable to the company itself follows a similar positive recovery and growth trend as the consolidated net income.
- Interest Expenses and Income
- Interest expense as a percentage of revenue decreases over time from nearly -2.7% to about -1.3%, evidencing improving financing costs or reduced debt burden. Interest and other income fluctuate more variably, with spikes in mid-2022 and a general range around 0.8% to 2.9%, likely influenced by financial or investment activities.
- Overall Financial Performance
- The overall financial data indicates a recovery trajectory from a challenging 2020, characterized by large impairments and losses, followed by steady improvements in profitability and cost management. The company's revenue mix shifts towards an increasing share of product sales, while operational efficiencies contribute to enhanced gross and operating margins. Expense controls in research, administration, and financing costs also support improved net income performance through mid-2025.