Slb (SLB) Gross Margin (2009 - 2026)
Slb (SLB) posted Gross Margin of 51.63% for Q2 2026, down 3.63% on a QoQ basis from 53.57% in Q1 2026, and up 109.0% year-over-year from 24.7% in Q2 2025.
Powered by 
Analysis
Slb (SLB) Gross Margin (2009 - 2026) Analysis & Trends
Slb has reported Gross Margin for 18 years, with the latest figure at 51.63% in Q2 2026.
- On a quarterly basis, Gross Margin rose 109.0% year-over-year to 51.63% in Q2 2026; TTM through Jun 2026 was 40.71%, a 1027.0% decrease from a year earlier, with the FY2025 full-year figure at 53.05%, up 223.0% from the prior year.
- Gross Margin was 51.63% for Q2 2026 at Slb, down from 53.57% in the prior quarter.
- The five-year high for Gross Margin was 99.84% in Q1 2024, with the low at 180.67% in Q4 2025.
- Average Gross Margin over 5 years is 41.91%, with a median of 50.19% recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: Gross Margin jumped 5321 bps in 2024, then slumped 23280 bps in 2025.
- Over 5 years, Gross Margin stood at 47.31% in 2022, then jumped by 107 bps to 97.8% in 2023, then slumped by 47 bps to 52.13% in 2024, then tumbled by 447 bps to 180.67% in 2025, then soared by 129 bps to 51.63% in 2026.
- The last three Gross Margin figures came in at 51.63% (Q2 2026), 53.57% (Q1 2026), and 180.67% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.93 Bn | 78.85 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 59.21 Bn | 43.48 Bn | 1.58 Bn | 23.46% |
| 3 | Halliburton | 30.07 Bn | 28.02 Bn | 2.10 Bn | 36.80% |
| 4 | Weatherford International | 6.44 Bn | 5.30 Bn | 662.00 Mn | 59.91% |
| 5 | Kodiak Gas Services | 6.12 Bn | 5.98 Bn | 246.76 Mn | 63.09% |
| 6 | Tidewater | 4.54 Bn | 3.92 Bn | 161.54 Mn | 47.19% |
| 7 | USA Compression Partners | 4.02 Bn | 4.01 Bn | 217.36 Mn | 63.53% |
| 8 | Liberty Energy | 3.46 Bn | 2.91 Bn | 208.34 Mn | 17.53% |
| 9 | National Energy Services Reunited | 3.41 Bn | 3.22 Bn | 81.29 Mn | 15.61% |
| 10 | Select Water Solutions | 2.80 Bn | 2.76 Bn | 76.84 Mn | 19.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.63% |
| Mar 31, 2026 | 53.57% |
| Dec 31, 2025 | -180.67% |
| Sep 30, 2025 | 54.36% |
| Jun 30, 2025 | 50.54% |
| Mar 31, 2025 | 49.87% |
| Dec 31, 2024 | 52.13% |
| Sep 30, 2024 | 51.25% |
| Jun 30, 2024 | 50.51% |
| Mar 31, 2024 | 99.84% |
| Dec 31, 2023 | 97.80% |
| Sep 30, 2023 | 47.53% |
| Jun 30, 2023 | 47.06% |
| Mar 31, 2023 | 46.63% |
| Dec 31, 2022 | 47.31% |
| Sep 30, 2022 | 46.84% |
| Jun 30, 2022 | 45.08% |
| Mar 31, 2022 | 43.19% |
| Dec 31, 2021 | 43.12% |
| Sep 30, 2021 | 42.98% |