Slb (SLB) Operating Margin (2009 - 2026)
Slb (SLB) posted Operating Margin of 48.02% for Q2 2026, down 4.18% on a QoQ basis from 50.11% in Q1 2026, and up 218.0% year-over-year from 15.1% in Q2 2025.
Powered by 
Analysis
Slb (SLB) Operating Margin (2009 - 2026) Analysis & Trends
Slb has reported Operating Margin for 18 years, with the latest figure at 48.02% in Q2 2026.
- On a quarterly basis, Operating Margin rose 218.0% year-over-year to 48.02% in Q2 2026; TTM through Jun 2026 was 35.95%, a 1079.0% decrease from a year earlier, with the FY2025 full-year figure at 48.83%, up 179.0% from the prior year.
- Operating Margin was 48.02% for Q2 2026 at Slb, down from 50.11% in the prior quarter.
- The five-year high for Operating Margin was 96.23% in Q1 2024, with the low at 202.4% in Q4 2025.
- Average Operating Margin over 5 years is 34.19%, with a median of 44.59% recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Margin soared 5303 bps in 2024, then sank 25095 bps in 2025.
- Over 5 years, Operating Margin stood at 43.79% in 2022, then decreased by 6 bps to 41.2% in 2023, then gained by 18 bps to 48.55% in 2024, then tumbled by 517 bps to 202.4% in 2025, then surged by 124 bps to 48.02% in 2026.
- The last three Operating Margin figures came in at 48.02% (Q2 2026), 50.11% (Q1 2026), and 202.4% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.35 Bn | 82.46 Bn | 4.63 Bn | 48.02% |
| 2 | Baker Hughes | 63.03 Bn | 47.48 Bn | 1.58 Bn | 12.74% |
| 3 | Halliburton | 30.89 Bn | 28.89 Bn | 2.10 Bn | 13.62% |
| 4 | Weatherford International | 6.88 Bn | 5.75 Bn | 662.00 Mn | 9.68% |
| 5 | Kodiak Gas Services | 6.31 Bn | 6.18 Bn | 246.76 Mn | 31.76% |
| 6 | Tidewater | 4.69 Bn | 4.07 Bn | 161.54 Mn | 18.27% |
| 7 | USA Compression Partners | 3.95 Bn | 3.94 Bn | 217.36 Mn | 29.34% |
| 8 | National Energy Services Reunited | 3.50 Bn | 3.32 Bn | 81.29 Mn | 12.45% |
| 9 | Liberty Energy | 3.36 Bn | 2.80 Bn | 208.34 Mn | 1.07% |
| 10 | Select Water Solutions | 2.55 Bn | 2.61 Bn | 76.84 Mn | 8.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 48.02% |
| Mar 31, 2026 | 50.11% |
| Dec 31, 2025 | -202.40% |
| Sep 30, 2025 | 50.04% |
| Jun 30, 2025 | 45.83% |
| Mar 31, 2025 | 44.85% |
| Dec 31, 2024 | 48.55% |
| Sep 30, 2024 | 47.52% |
| Jun 30, 2024 | 46.21% |
| Mar 31, 2024 | 96.23% |
| Dec 31, 2023 | 41.20% |
| Sep 30, 2023 | 44.32% |
| Jun 30, 2023 | 43.86% |
| Mar 31, 2023 | 43.20% |
| Dec 31, 2022 | 43.79% |
| Sep 30, 2022 | 43.44% |
| Jun 30, 2022 | 41.53% |
| Mar 31, 2022 | 39.20% |
| Dec 31, 2021 | 39.05% |
| Sep 30, 2021 | 39.22% |