Filing Flows › SLB Limited (SLB) › Q1 2025
SLB Limited (SLB) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
SLB Limited (SLB) reported revenue of $8.5B for the first quarter 2025 (Q1 2025), -2% from a year earlier and -9% from the quarter before. Operating margin was 12.5%, net earnings $797M (9.4% of revenue).
SLB Limited, Q1 2025: revenue $8.5B (-2% year over year), operating margin 12.5%, net earnings $797M, operating cash flow $660M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.5B | -9% | -2% |
| Operating profit | $1.1B | -23% | -36% |
| Net earnings | $797M | -27% | -25% |
| Operating cash flow | $660M | -72% | +102% |
| Free cash flow | $262M | -85% | — |
What changed
Revenue was $8.5B in Q1 2025, down 2% year over year and down 9% from the previous quarter. Service was the largest line at 63% of revenue. Service lost $0.31B year over year (down 5%), 143% of the total change.
Operating profit was $1.1B, a 12.5% margin (down 6.4 points year over year). Total costs grew 5% against a revenue fall of 2%. Net earnings were $0.80B, down 25% year over year. The effective tax rate was 22.0%.
Operating cash flow was $0.66B (up 102% year over year), 80% of net income including minority interests. Non-cash charges added back $0.64B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items used $0.90B. Capital expenditures of $0.40B left free cash flow of $0.26B.
Questions
What was SLB Limited's revenue in the first quarter 2025?
SLB Limited (SLB) reported revenue of $8.5B for the first quarter 2025 (Q1 2025), -2% from a year earlier and -9% from the quarter before.
Was SLB Limited profitable in the first quarter 2025?
Operating profit was $1.1B (12.5% of revenue) and net earnings $797M.
Source: SLB Limited 10-Q on SEC EDGAR.