Schlumberger NV (SLB)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,203,000 | 3,441,000 | 1,881,000 | -10,518,000 | -10,137,000 |
| Revenue | US$ in thousands | 32,632,000 | 27,708,000 | 22,390,000 | 23,142,000 | 32,308,000 |
| Net profit margin | 12.88% | 12.42% | 8.40% | -45.45% | -31.38% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $4,203,000K ÷ $32,632,000K
= 12.88%
Schlumberger Ltd.'s net profit margin has shown variability over the past five years. In 2023, the net profit margin improved to 12.68%, up from 12.25% in 2022, demonstrating the company's ability to efficiently convert revenues into profits. In 2021, the net profit margin was 8.20%, indicating a moderate profitability level. However, in 2020 and 2019, the company experienced negative net profit margins of -44.57% and -30.80% respectively, suggestive of substantial losses relative to revenue during those periods. This volatility suggests the company has faced significant challenges in maintaining consistent profitability, potentially impacted by industry-wide factors or internal operational issues. It is essential for Schlumberger to focus on strategies for sustainable profitability and cost management to mitigate such fluctuations in the future.
Peer comparison
Dec 31, 2023