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How Core Laboratories (CLB) makes money

Core Laboratories (CLB) made $132M of revenue in the third quarter 2026 (Q3 2026), -2% from a year earlier. Service brought in $96.0M (73%); Product brought in $36.1M (27%). Of every dollar of revenue, 9¢ was left as operating profit, 4¢ was left as net earnings.

Drawing the Sankey…

Core Laboratories revenue by segment, Q3 2026Core Laboratories revenue by segment, Q3 2026Service$96.0MProduct$36.1M
Core Laboratories: revenue by line, Q1 2025 to Q3 2026Core Laboratories: revenue by line, Q1 2025 to Q3 2026ServiceProductService: $96.0M latest$96.0MProduct: $36.1M latest$36.1MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Product went from 23% of revenue in Q1 2025 to 27% in Q3 2026, the largest shift in the mix.
Core Laboratories revenue by quarterCore Laboratories revenue by quarter$124MQ1 2025$130MQ2 2025$135MQ3 2025$138MQ4 2025$122MQ1 2026$125MQ2 2026$132MQ3 2026
Core Laboratories: where each dollar of revenue goesCore Laboratories: where each dollar of revenue goesOperating profit9¢Income tax3¢Net earnings4¢Operating cash flow4¢Free cash flow1¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Service$96.0M72.7%+2%-5%
Product$36.1M27.3%+19%+8%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$132M100.0%
Operating profit$12.1M9.1%
Income tax$3.8M2.9%
Net earnings$5.4M4.1%
Operating cash flow$5.0M3.8%
Free cash flow$1.7M1.3%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$132M-2%
Q2 2026$125M-4%
Q1 2026$122M-1%
Q4 2025$138M+7%
Q3 2025$135M+0.1%
Q2 2025$130M-0.3%
Q1 2025$124M-5%

From Core Laboratories' 10-Q filed Oct 30, 2026 (on EDGAR).

Questions

How does Core Laboratories make money?

Core Laboratories (CLB) made $132M of revenue in the third quarter 2026 (Q3 2026), -2% from a year earlier. Service brought in $96.0M (73%); Product brought in $36.1M (27%). Of every dollar of revenue, 9¢ was left as operating profit, 4¢ was left as net earnings.

What is Core Laboratories' biggest business?

Service: $96.0M in the third quarter 2026, 73% of revenue, -5% from a year earlier.

What is Core Laboratories' profit margin?

Net earnings were $5.4M, 4.1% of revenue, in the third quarter 2026; the operating margin was 9.1%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.