SLBSLB LIMITED/NV
Oil & Gas Field Services, NEC
- Revenue
- $35.7B
- 1.6% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $79.3B
- Employees
- 109,000
- $328K revenue each
- Net debt / EBITDA
- —
- $8.0B net debt
- AI in 10-K
- 3.2
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo192% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo25% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo31% of assetsOver 40% of assets
- Shareholder dissentNo95% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeYes$328K · 9th pctBottom quartile of its SIC industry
- Quiet on AINo3.2 per 10K words · 72nd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo0.9× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$79.3B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$29M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $22.9B | $28.1B | $33.1B | $36.3B | $35.7B | 1.6% |
| Operating income | $3.4B | $5.0B | $6.5B | — | — | |
| Net income | $1.9B | $3.4B | $4.2B | $4.5B | $3.4B | 24% |
| Operating cash flow | $4.7B | $3.7B | $6.6B | $6.6B | $6.5B | 1.7% |
| Capex | $1.1B | $1.6B | $1.9B | $1.9B | $1.7B | 12% |
| Stock-based comp | $324M | $313M | $293M | $316M | $332M | 5.1% |
| Dividends | $699M | $848M | $1.3B | $1.5B | $1.6B | 4.5% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $29M · 25
- Net
- −$29M
Pay vs performance
No pay-versus-performance disclosure yet.