Schlumberger NV (SLB)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 5,554,000 | 5,587,000 | 5,494,000 | 5,385,000 | 5,209,000 | 5,141,000 | 4,881,000 | 4,743,000 | 4,220,000 | 3,637,000 | 3,194,000 | 2,583,000 | 2,328,000 | 2,045,000 | 1,303,000 | -2,860,000 | -11,330,000 | -11,351,000 | -23,269,000 | -19,045,000 |
| Revenue (ttm) | US$ in thousands | 26,784,000 | 35,620,000 | 34,642,000 | 33,607,000 | 32,635,000 | 23,914,000 | 23,088,000 | 21,765,000 | 20,076,000 | 26,025,000 | 24,387,000 | 23,236,000 | 22,390,000 | 21,794,000 | 21,197,000 | 20,911,000 | 23,143,000 | 25,732,000 | 28,993,000 | 31,894,000 |
| Pretax margin | 20.74% | 15.69% | 15.86% | 16.02% | 15.96% | 21.50% | 21.14% | 21.79% | 21.02% | 13.98% | 13.10% | 11.12% | 10.40% | 9.38% | 6.15% | -13.68% | -48.96% | -44.11% | -80.26% | -59.71% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $5,554,000K ÷ $26,784,000K
= 20.74%
The pretax margin of Schlumberger NV has exhibited significant fluctuations over the past five years. The company experienced negative pretax margins in the first half of 2020, with March 31, 2020, showing a margin of -59.71% and June 30, 2020, declining further to -80.26%. This was likely due to challenging market conditions and operational inefficiencies during that period.
Subsequently, there was a marked improvement in the pretax margin starting from March 31, 2021, where the margin increased to -13.68%, signaling a positive trend. This momentum continued into 2022 and 2023, with the pretax margin consistently improving to reach double-digit percentages by the end of 2023.
However, by the end of 2024, the pretax margin slightly decreased to 20.74%, showing a slight pullback from the peak reached in the prior quarters. This could be attributed to various factors such as changes in the business environment, cost structures, or revenue dynamics impacting the profitability of the company.
Overall, the recent trend in pretax margin for Schlumberger NV has been positive, indicating improved operational efficiency and profitability over the analyzed period. It will be important for the company to sustain this positive momentum and continue monitoring and optimizing its cost structures to ensure long-term financial health and performance.
Peer comparison
Dec 31, 2024