Schlumberger NV (SLB)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 5,554,000 | 5,210,000 | 4,220,000 | 2,327,000 | -11,330,000 |
| Revenue | US$ in thousands | 36,289,000 | 32,632,000 | 27,708,000 | 22,390,000 | 23,142,000 |
| Pretax margin | 15.30% | 15.97% | 15.23% | 10.39% | -48.96% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $5,554,000K ÷ $36,289,000K
= 15.30%
Schlumberger NV's pretax margin has shown a notable improvement over the past few years. Starting at a negative percentage of -48.96% on December 31, 2020, the company successfully turned around its operations to achieve a positive pretax margin of 10.39% on December 31, 2021. This positive trend continued in the following years, reaching 15.23% on December 31, 2022, 15.97% on December 31, 2023, and maintaining a strong position at 15.30% on December 31, 2024. Overall, this consistent growth in pretax margin signifies improved operational efficiency and profitability for Schlumberger NV.
Peer comparison
Dec 31, 2024
Company name
Symbol
Pretax margin
Schlumberger NV
SLB
15.30%
Core Laboratories NV
CLB
8.20%
Halliburton Company
HAL
14.50%
Helix Energy Solutions Group Inc
HLX
0.58%
Liberty Oilfield Services Inc
LBRT
15.48%
Oceaneering International Inc
OII
6.64%
ProPetro Holding Corp
PUMP
7.11%
RPC Inc
RES
15.74%