Slb (SLB) Operating Margin (2009 - 2026)
Slb (SLB) recorded quarterly Operating Margin of 50.58% in Q1 2026, down 31.96% quarter-over-quarter from 74.33% in Q4 2025, and down 1474.0% on a YoY basis from 3.68% in Q1 2025.
Slb (SLB) Operating Margin (2009 - 2026) Analysis & Trends
Slb's Operating Margin history runs 18 years deep, the most recent figure standing at 50.58% for Q1 2026.
- In Q1 2026, Operating Margin fell 1474.0% year-over-year to 50.58%; the TTM figure through Mar 2026 stood at 53.53% (down 833.0% YoY), while the FY2025 annual figure was 2.52%, down 76.0% from the prior year.
- Operating Margin was 50.58% for Q1 2026 at Slb, down from 74.33% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 96.23% in Q1 2024 to a low of 41.2% in Q4 2023.
- Historically, Operating Margin has averaged 58.6% across 5 years, with a median of 59.16% in 2025.
- The sharpest annual moves came in 2022 and 2025: Operating Margin jumped 8572 bps in 2022, then slumped 3091 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 43.79% in 2022, then retreated by 6 bps to 41.2% in 2023, then increased by 21 bps to 49.77% in 2024, then soared by 49 bps to 74.33% in 2025, then slumped by 32 bps to 50.58% in 2026.
- The last three Operating Margin figures came in at 50.58% (Q1 2026), 74.33% (Q4 2025), and 59.16% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 50.58% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 11.87% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 12.57% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 14.51% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | 15.64% |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 2.29% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 10.68% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 53.94% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 30.89% |
| 10 | Liberty Energy | 4.61 Bn | 3.91 Bn | 177.37 Mn | 2.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 50.58% |
| Dec 31, 2025 | 74.33% |
| Sep 30, 2025 | 59.16% |
| Jun 30, 2025 | 47.00% |
| Mar 31, 2025 | 65.32% |
| Dec 31, 2024 | 49.77% |
| Sep 30, 2024 | 66.00% |
| Jun 30, 2024 | 66.77% |
| Mar 31, 2024 | 96.23% |
| Dec 31, 2023 | 41.20% |
| Sep 30, 2023 | 44.32% |
| Jun 30, 2023 | 43.86% |
| Mar 31, 2023 | 68.70% |
| Dec 31, 2022 | 43.79% |
| Sep 30, 2022 | 68.96% |
| Jun 30, 2022 | 41.53% |
| Mar 31, 2022 | 68.74% |
| Dec 31, 2021 | -41.93% |
| Sep 30, 2021 | 39.22% |
| Jun 30, 2021 | 39.17% |