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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and Schlumberger (SLB). Click either name above to swap in a different company.

Schlumberger is the larger business by last-quarter revenue ($8.7B vs $8.1B, roughly 1.1× Athene Holding Ltd.). Schlumberger runs the higher net margin — 8.6% vs 6.4%, a 2.2% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 2.7%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs -2.3%).

Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.

SLB, formerly known as Schlumberger, is an American multinational oilfield services company. Founded in France in 1926, the company is now incorporated as SLB N.V. in Willemstad, Curaçao, with principal executive offices in four cities: Paris, France; Houston, Texas, United States; London, UK; and The Hague, Netherlands. As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.

ATHS vs SLB — Head-to-Head

Bigger by revenue
SLB
SLB
1.1× larger
SLB
$8.7B
$8.1B
ATHS
Growing faster (revenue YoY)
ATHS
ATHS
+112.4% gap
ATHS
115.1%
2.7%
SLB
Higher net margin
SLB
SLB
2.2% more per $
SLB
8.6%
6.4%
ATHS
Faster 2-yr revenue CAGR
ATHS
ATHS
Annualised
ATHS
19.2%
-2.3%
SLB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ATHS
ATHS
SLB
SLB
Revenue
$8.1B
$8.7B
Net Profit
$523.0M
$752.0M
Gross Margin
Operating Margin
16.9%
Net Margin
6.4%
8.6%
Revenue YoY
115.1%
2.7%
Net Profit YoY
-48.5%
-5.6%
EPS (diluted)
$0.50

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATHS
ATHS
SLB
SLB
Q1 26
$8.7B
Q4 25
$8.1B
$9.7B
Q3 25
$8.0B
$8.9B
Q2 25
$5.4B
$8.5B
Q1 25
$4.2B
$8.5B
Q4 24
$3.8B
$9.3B
Q3 24
$6.5B
$9.2B
Q2 24
$4.7B
$9.1B
Net Profit
ATHS
ATHS
SLB
SLB
Q1 26
$752.0M
Q4 25
$523.0M
$824.0M
Q3 25
$1.3B
$739.0M
Q2 25
$464.0M
$1.0B
Q1 25
$465.0M
$797.0M
Q4 24
$1.0B
$1.1B
Q3 24
$625.0M
$1.2B
Q2 24
$629.0M
$1.1B
Operating Margin
ATHS
ATHS
SLB
SLB
Q1 26
Q4 25
16.9%
9.7%
Q3 25
26.8%
11.2%
Q2 25
12.2%
15.0%
Q1 25
22.3%
12.5%
Q4 24
30.4%
14.9%
Q3 24
25.7%
16.5%
Q2 24
22.0%
15.5%
Net Margin
ATHS
ATHS
SLB
SLB
Q1 26
8.6%
Q4 25
6.4%
8.5%
Q3 25
15.7%
8.3%
Q2 25
8.7%
11.9%
Q1 25
11.1%
9.4%
Q4 24
26.8%
11.8%
Q3 24
9.6%
12.9%
Q2 24
13.5%
12.2%
EPS (diluted)
ATHS
ATHS
SLB
SLB
Q1 26
$0.50
Q4 25
$0.53
Q3 25
$0.50
Q2 25
$0.74
Q1 25
$0.58
Q4 24
$0.77
Q3 24
$0.83
Q2 24
$0.77

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATHS
ATHS
SLB
SLB
Cash + ST InvestmentsLiquidity on hand
$3.4B
Total DebtLower is stronger
$7.8B
$9.7B
Stockholders' EquityBook value
$20.5B
$27.4B
Total Assets
$442.2B
$19.3B
Debt / EquityLower = less leverage
0.38×
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATHS
ATHS
SLB
SLB
Q1 26
$3.4B
Q4 25
$1.2B
Q3 25
$571.0M
Q2 25
$511.0M
Q1 25
$961.0M
Q4 24
$1.1B
Q3 24
$1.4B
Q2 24
$1.1B
Total Debt
ATHS
ATHS
SLB
SLB
Q1 26
$9.7B
Q4 25
$7.8B
Q3 25
$7.9B
Q2 25
$7.9B
Q1 25
$6.3B
Q4 24
$6.3B
Q3 24
$5.7B
Q2 24
$5.7B
Stockholders' Equity
ATHS
ATHS
SLB
SLB
Q1 26
$27.4B
Q4 25
$20.5B
$26.1B
Q3 25
$20.4B
$25.6B
Q2 25
$18.1B
$20.3B
Q1 25
$17.5B
$19.5B
Q4 24
$16.4B
$21.1B
Q3 24
$17.4B
$21.5B
Q2 24
$15.0B
$21.1B
Total Assets
ATHS
ATHS
SLB
SLB
Q1 26
$19.3B
Q4 25
$442.2B
$54.9B
Q3 25
$429.9B
$55.1B
Q2 25
$405.3B
$48.8B
Q1 25
$381.5B
$49.0B
Q4 24
$363.3B
$48.9B
Q3 24
$355.0B
$49.8B
Q2 24
$332.6B
$49.4B
Debt / Equity
ATHS
ATHS
SLB
SLB
Q1 26
0.35×
Q4 25
0.38×
Q3 25
0.38×
Q2 25
0.43×
Q1 25
0.36×
Q4 24
0.39×
Q3 24
0.33×
Q2 24
0.38×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATHS
ATHS
SLB
SLB
Operating Cash FlowLast quarter
$3.0B
Free Cash FlowOCF − Capex
$103.0M
FCF MarginFCF / Revenue
1.2%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
5.82×
TTM Free Cash FlowTrailing 4 quarters
$4.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATHS
ATHS
SLB
SLB
Q1 26
Q4 25
$3.0B
$3.0B
Q3 25
$636.0M
$1.7B
Q2 25
$1.1B
$1.1B
Q1 25
$426.0M
$660.0M
Q4 24
$386.0M
$2.4B
Q3 24
$780.0M
$2.4B
Q2 24
$525.0M
$1.4B
Free Cash Flow
ATHS
ATHS
SLB
SLB
Q1 26
$103.0M
Q4 25
$2.5B
Q3 25
$1.3B
Q2 25
$771.0M
Q1 25
$262.0M
Q4 24
$1.8B
Q3 24
$2.0B
Q2 24
$973.0M
FCF Margin
ATHS
ATHS
SLB
SLB
Q1 26
1.2%
Q4 25
25.5%
Q3 25
14.3%
Q2 25
9.0%
Q1 25
3.1%
Q4 24
19.2%
Q3 24
21.7%
Q2 24
10.6%
Capex Intensity
ATHS
ATHS
SLB
SLB
Q1 26
Q4 25
5.3%
Q3 25
4.6%
Q2 25
4.3%
Q1 25
4.7%
Q4 24
6.6%
Q3 24
5.0%
Q2 24
5.1%
Cash Conversion
ATHS
ATHS
SLB
SLB
Q1 26
Q4 25
5.82×
3.65×
Q3 25
0.51×
2.28×
Q2 25
2.28×
1.13×
Q1 25
0.92×
0.83×
Q4 24
0.38×
2.18×
Q3 24
1.25×
2.06×
Q2 24
0.83×
1.29×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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