SLB Limited — Earnings Quality Grade F
SLB · Energy
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 89 days, change +8 days YoY
AR growth 8.5% vs revenue growth -1.6%
Revenue -1.6%, CFFO -1.7%. Cash follows revenue
Expense Quality
Inventory 15.0% vs COGS 1.3%. Normal
CapEx growth -8.6% vs revenue -1.6%. Normal
SG&A/Gross Profit = 5.2%, excellent (<30%)
Gross margin 18.2%, change -2.3pp. Stable
Cash Flow Quality
CFFO/NI = 1.92. Profits backed by cash
FCF $4.5B, FCF/NI = 1.35
Accruals ratio = -5.7%. Low accruals
Cash $4.2B covers only 36% of debt $11.6B
Balance Sheet Health
Goodwill+Intangibles $21.8B = 83% of equity. Over 50%
Debt/EBITDA = 1.7x. Healthy
Other assets grew 30.0% vs revenue -1.6%
Write-offs up 104% YoY
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 24% YoY. Normal
Manipulation Score
M-Score = -2.53 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10