Stock Analysis on Net
Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

Analysis of Profitability Ratios

Microsoft Excel

Profitability ratios measure the company ability to generate profitable sales from its resources (assets).

Profitability Ratios (Summary)

Schlumberger Ltd., profitability ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Return on Sales
Gross profit margin 19.81% 18.37% 15.95% 11.02% 12.75%
Operating profit margin 16.43% 14.78% 12.06% -46.62% -30.81%
Net profit margin 12.68% 12.25% 8.20% -44.57% -30.80%
Return on Investment
Return on equity (ROE) 20.82% 19.46% 12.54% -87.13% -42.66%
Return on assets (ROA) 8.76% 7.98% 4.53% -24.79% -18.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Schlumberger Ltd. gross profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Schlumberger Ltd. operating profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Schlumberger Ltd. net profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Schlumberger Ltd. ROE improved from 2021 to 2022 and from 2022 to 2023.
ROA A profitability ratio calculated as net income divided by total assets. Schlumberger Ltd. ROA improved from 2021 to 2022 and from 2022 to 2023.

Gross Profit Margin

Schlumberger Ltd., gross profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Gross margin 6,563 5,161 3,658 2,601 4,197
Revenue 33,135 28,091 22,929 23,601 32,917
Profitability Ratio
Gross profit margin1 19.81% 18.37% 15.95% 11.02% 12.75%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Gross profit margin = 100 × Gross margin ÷ Revenue
= 100 × 6,563 ÷ 33,135 = 19.81%

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Schlumberger Ltd. gross profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Operating Profit Margin

Schlumberger Ltd., operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss) 5,443 4,151 2,765 (11,002) (10,142)
Revenue 33,135 28,091 22,929 23,601 32,917
Profitability Ratio
Operating profit margin1 16.43% 14.78% 12.06% -46.62% -30.81%
Benchmarks
Operating Profit Margin, Industry
Energy 14.90% 18.89% 10.97% -15.78% 5.50%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × 5,443 ÷ 33,135 = 16.43%

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Schlumberger Ltd. operating profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Net Profit Margin

Schlumberger Ltd., net profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to SLB 4,203 3,441 1,881 (10,518) (10,137)
Revenue 33,135 28,091 22,929 23,601 32,917
Profitability Ratio
Net profit margin1 12.68% 12.25% 8.20% -44.57% -30.80%
Benchmarks
Net Profit Margin, Industry
Energy 10.16% 13.49% 8.10% -14.38% 2.62%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Net profit margin = 100 × Net income (loss) attributable to SLB ÷ Revenue
= 100 × 4,203 ÷ 33,135 = 12.68%

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Schlumberger Ltd. net profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Return on Equity (ROE)

Schlumberger Ltd., ROE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to SLB 4,203 3,441 1,881 (10,518) (10,137)
Total SLB stockholders’ equity 20,189 17,685 15,004 12,071 23,760
Profitability Ratio
ROE1 20.82% 19.46% 12.54% -87.13% -42.66%
Benchmarks
ROE, Industry
Energy 18.55% 30.45% 14.23% -17.24% 3.86%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
ROE = 100 × Net income (loss) attributable to SLB ÷ Total SLB stockholders’ equity
= 100 × 4,203 ÷ 20,189 = 20.82%

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Schlumberger Ltd. ROE improved from 2021 to 2022 and from 2022 to 2023.

Return on Assets (ROA)

Schlumberger Ltd., ROA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to SLB 4,203 3,441 1,881 (10,518) (10,137)
Total assets 47,957 43,135 41,511 42,434 56,312
Profitability Ratio
ROA1 8.76% 7.98% 4.53% -24.79% -18.00%
Benchmarks
ROA, Industry
Energy 9.53% 15.46% 6.63% -7.52% 1.89%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
ROA = 100 × Net income (loss) attributable to SLB ÷ Total assets
= 100 × 4,203 ÷ 47,957 = 8.76%

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Schlumberger Ltd. ROA improved from 2021 to 2022 and from 2022 to 2023.