Stock Analysis on Net
Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

Analysis of Profitability Ratios
Quarterly Data

Microsoft Excel

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

Profitability Ratios (Summary)

Schlumberger Ltd., profitability ratios (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Return on Sales
Gross profit margin 19.81% 19.79% 19.41% 18.96% 18.37% 17.69% 17.04% 16.43% 15.95% 14.73% 13.51% 11.65% 11.02% 11.38% 11.88% 12.62% 12.75% — — —
Operating profit margin 16.43% 16.45% 16.03% 15.49% 14.78% 13.97% 13.21% 12.56% 12.06% 10.68% 7.72% -11.73% -46.62% -42.29% -77.81% -57.78% -30.81% — — —
Net profit margin 12.68% 12.97% 12.63% 12.94% 12.25% 11.26% 10.56% 8.84% 8.20% 7.44% 4.72% -13.30% -44.57% -40.15% -73.90% -55.19% -30.80% — — —
Return on Investment
Return on equity (ROE) 20.82% 21.43% 21.17% 21.39% 19.46% 17.31% 16.05% 13.63% 12.54% 12.38% 8.01% -22.67% -87.13% -88.43% -181.56% -115.25% -42.66% — — —
Return on assets (ROA) 8.76% 9.07% 8.79% 8.81% 7.98% 6.75% 6.12% 4.98% 4.53% 4.03% 2.50% -6.76% -24.79% -23.96% -48.94% -36.91% -18.00% — — —

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Schlumberger Ltd. operating profit margin ratio improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Schlumberger Ltd. net profit margin ratio improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023 not reaching Q2 2023 level.
Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Schlumberger Ltd. ROE improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023.
ROA A profitability ratio calculated as net income divided by total assets. Schlumberger Ltd. ROA improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023.

Gross Profit Margin

Schlumberger Ltd., gross profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Gross margin 1,797 1,718 1,597 1,451 1,572 1,435 1,205 949 1,088 985 866 719 705 634 431 831 1,097 1,156 1,017 927
Revenue 8,990 8,310 8,099 7,736 7,879 7,477 6,773 5,962 6,225 5,847 5,634 5,223 5,532 5,258 5,356 7,455 8,228 8,541 8,269 7,879
Profitability Ratio
Gross profit margin1 19.81% 19.79% 19.41% 18.96% 18.37% 17.69% 17.04% 16.43% 15.95% 14.73% 13.51% 11.65% 11.02% 11.38% 11.88% 12.62% 12.75% — — —

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 2023 Calculation
Gross profit margin = 100 × (Gross marginQ4 2023 + Gross marginQ3 2023 + Gross marginQ2 2023 + Gross marginQ1 2023) ÷ (RevenueQ4 2023 + RevenueQ3 2023 + RevenueQ2 2023 + RevenueQ1 2023)
= 100 × (1,797 + 1,718 + 1,597 + 1,451) ÷ (8,990 + 8,310 + 8,099 + 7,736) = 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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Operating Profit Margin

Schlumberger Ltd., operating profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss) 1,468 1,451 1,338 1,186 1,294 1,181 965 711 835 765 662 503 444 62 (3,516) (7,992) 324 (11,832) 724 642
Revenue 8,990 8,310 8,099 7,736 7,879 7,477 6,773 5,962 6,225 5,847 5,634 5,223 5,532 5,258 5,356 7,455 8,228 8,541 8,269 7,879
Profitability Ratio
Operating profit margin1 16.43% 16.45% 16.03% 15.49% 14.78% 13.97% 13.21% 12.56% 12.06% 10.68% 7.72% -11.73% -46.62% -42.29% -77.81% -57.78% -30.81% — — —

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 2023 Calculation
Operating profit margin = 100 × (Operating income (loss)Q4 2023 + Operating income (loss)Q3 2023 + Operating income (loss)Q2 2023 + Operating income (loss)Q1 2023) ÷ (RevenueQ4 2023 + RevenueQ3 2023 + RevenueQ2 2023 + RevenueQ1 2023)
= 100 × (1,468 + 1,451 + 1,338 + 1,186) ÷ (8,990 + 8,310 + 8,099 + 7,736) = 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 Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023.

Net Profit Margin

Schlumberger Ltd., net profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to SLB 1,113 1,123 1,033 934 1,065 907 959 510 601 550 431 299 374 (82) (3,434) (7,376) 333 (11,383) 492 421
Revenue 8,990 8,310 8,099 7,736 7,879 7,477 6,773 5,962 6,225 5,847 5,634 5,223 5,532 5,258 5,356 7,455 8,228 8,541 8,269 7,879
Profitability Ratio
Net profit margin1 12.68% 12.97% 12.63% 12.94% 12.25% 11.26% 10.56% 8.84% 8.20% 7.44% 4.72% -13.30% -44.57% -40.15% -73.90% -55.19% -30.80% — — —

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 2023 Calculation
Net profit margin = 100 × (Net income (loss) attributable to SLBQ4 2023 + Net income (loss) attributable to SLBQ3 2023 + Net income (loss) attributable to SLBQ2 2023 + Net income (loss) attributable to SLBQ1 2023) ÷ (RevenueQ4 2023 + RevenueQ3 2023 + RevenueQ2 2023 + RevenueQ1 2023)
= 100 × (1,113 + 1,123 + 1,033 + 934) ÷ (8,990 + 8,310 + 8,099 + 7,736) = 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 Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023 not reaching Q2 2023 level.

Return on Equity (ROE)

Schlumberger Ltd., ROE calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to SLB 1,113 1,123 1,033 934 1,065 907 959 510 601 550 431 299 374 (82) (3,434) (7,376) 333 (11,383) 492 421
Total SLB stockholders’ equity 20,189 19,386 18,608 18,068 17,685 17,199 16,325 15,347 15,004 13,362 12,762 12,543 12,071 11,941 12,040 15,561 23,760 23,913 35,852 36,103
Profitability Ratio
ROE1 20.82% 21.43% 21.17% 21.39% 19.46% 17.31% 16.05% 13.63% 12.54% 12.38% 8.01% -22.67% -87.13% -88.43% -181.56% -115.25% -42.66% — — —

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 2023 Calculation
ROE = 100 × (Net income (loss) attributable to SLBQ4 2023 + Net income (loss) attributable to SLBQ3 2023 + Net income (loss) attributable to SLBQ2 2023 + Net income (loss) attributable to SLBQ1 2023) ÷ Total SLB stockholders’ equity
= 100 × (1,113 + 1,123 + 1,033 + 934) ÷ 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 Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023.

Return on Assets (ROA)

Schlumberger Ltd., ROA calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to SLB 1,113 1,123 1,033 934 1,065 907 959 510 601 550 431 299 374 (82) (3,434) (7,376) 333 (11,383) 492 421
Total assets 47,957 45,813 44,826 43,855 43,135 44,093 42,827 41,967 41,511 41,038 40,908 42,036 42,434 44,066 44,667 48,594 56,312 57,990 70,591 70,321
Profitability Ratio
ROA1 8.76% 9.07% 8.79% 8.81% 7.98% 6.75% 6.12% 4.98% 4.53% 4.03% 2.50% -6.76% -24.79% -23.96% -48.94% -36.91% -18.00% — — —

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 2023 Calculation
ROA = 100 × (Net income (loss) attributable to SLBQ4 2023 + Net income (loss) attributable to SLBQ3 2023 + Net income (loss) attributable to SLBQ2 2023 + Net income (loss) attributable to SLBQ1 2023) ÷ Total assets
= 100 × (1,113 + 1,123 + 1,033 + 934) ÷ 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 Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023.