SLB Limited
SLB Energy Oil & Gas Equipment & Services
SLB Limited’s revenue for fiscal 2025 (year ended December 2025) was $35.7 billion, down 1.60% from fiscal 2024. In the quarter to June 2026, revenue grew 4.98%, EPS fell 28.4%, free cash flow grew 13.5% and total debt rose 2.29%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.
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SLB Limited (SLB) Altman Z-score
SLB Limited's Altman Z-score for fiscal 2025 is 2.69, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.69 | (0.30) |
| FY2024 | 2.98 | (0.26) |
| FY2023 | 3.24 | 0.03 |
| FY2022 | 3.21 | 1.13 |
| FY2021 | 2.07 | 0.48 |
| FY2020 | 1.59 | (0.74) |
| FY2019 | 2.33 | 0.16 |
| FY2018 | 2.18 | (0.65) |
| FY2017 | 2.83 | (0.27) |
| FY2016 | 3.09 | (0.42) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.09 | — | 0.10 | |
| Retained earnings / total assets | 0.33 | — | 0.46 | |
| EBIT / total assets | 0.09 | — | 0.28 | |
| Market value of equity / total liabilities | 1.98 | — | 1.19 | |
| Sales / total assets | 0.65 | — | 0.65 | |
| Altman Z-score | Grey zone | 2.69 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.26 | ||
Z and Z″ put SLB Limited in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| TS Tenaris S.A. compare | 6.4× |
| HAL Halliburton Company compare | 3.3× |
| SLB SLB Limited | 2.7× |
| FTI TechnipFMC plc compare | 2.6× |
| WFRD Weatherford International PLC compare | 2.5× |
| BKR Baker Hughes Company compare | 2.2× |
| NOV NOV Inc. compare | 1.9× |
| LB LandBridge Company LLC compare | 1.8× |
| SEI Solaris Energy Infrastructure, Inc. compare | 1.6× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on SLB
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement