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Schlumberger SLB All Other — Goodwill Impairment

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Other financials

Income statement

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Revenue$9.0B+5.0%
Operating income$1.6B+18.5%
Net income$786.0M-22.5%
EPS (diluted)$0.52-29.7%

Balance sheet

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Cash & equivalents$2.7B-15.2%
Total debt$11.1B+2.3%
Total equity$26.1B+28.4%
Total assets$55.5B+13.9%

Cash flow

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Operating cash flow$1.4B+19.0%
CapEx$459.0M+23.7%
Free cash flow$900.0M+16.7%

Valuation

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Market cap$73.6B+50.1%
Enterprise value$82B+44.6%
P/E23.7×+11.7×
P/S+0.6×

Profitability

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Gross margin22.6%
Operating margin19.4%+2.6pp
Net margin8.5%-3.0pp
FCF margin13.2%-0.3pp

Returns & leverage

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Return on equity13.4%-6.4pp
Debt / equity0.4×-0.1×
Current ratio1.4×+0.1×

Where this comes from

Reported directly by Schlumberger in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: Schlumberger ’s 10-K, filed January 23, 2026.

Filed
Jan 23, 2026, 4:01 PM EST
Fiscal year
FY2025
Accession
0001193125-26-021017
Line itemDigitalReservoir / PerformanceWell / ConstructionProduction / SystemsAll OtherTotal
Balance, December 31, 2023$2,044$3,804$6,417$1,819-$14,084
Acquisitions--522482509
Balance, December 31, 20242,0443,8046,4221,84148214,593
Acquisition of ChampionX-2502001,858-2,308
Other acquisitions1657---73
Impairment (see Note 3)----(210)(210)
Impact of changes in exchange rate and other--(24)-5430
Balance, December 31, 2025$2,060$4,111$6,598$3,699$326$16,794

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Schlumberger 's all other — goodwill impairment?
Schlumberger (SLB) reported all other — goodwill impairment of $52.5M in Q4 2025.
What does all other — goodwill impairment mean?
This metric represents the non-cash charge recognized when the carrying amount of goodwill in the 'All Other' segment exceeds its implied fair value. It serves as a critical indicator that the expected economic benefits from past acquisitions in this segment have diminished. This often reflects structural changes in the market or underperformance of the acquired assets.

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