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Side-by-side financial comparison of Fresenius Medical Care AG (FMS) 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 $5.5B, roughly 1.6× Fresenius Medical Care AG). Schlumberger runs the higher net margin — 8.6% vs 7.9%, a 0.7% gap on every dollar of revenue. On growth, Schlumberger posted the faster year-over-year revenue change (2.7% vs -0.3%).

Fresenius Medical Care AG & Co. KGaA is a German healthcare company which provides kidney dialysis services through a network of 4,171 outpatient dialysis centers, serving 345,425 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo dialysis 3 times per week for the rest of their lives.

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.

FMS vs SLB — Head-to-Head

Bigger by revenue
SLB
SLB
1.6× larger
SLB
$8.7B
$5.5B
FMS
Growing faster (revenue YoY)
SLB
SLB
+3.0% gap
SLB
2.7%
-0.3%
FMS
Higher net margin
SLB
SLB
0.7% more per $
SLB
8.6%
7.9%
FMS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FMS
FMS
SLB
SLB
Revenue
$5.5B
$8.7B
Net Profit
$434.2M
$752.0M
Gross Margin
27.4%
Operating Margin
11.7%
Net Margin
7.9%
8.6%
Revenue YoY
-0.3%
2.7%
Net Profit YoY
240.4%
-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
FMS
FMS
SLB
SLB
Q1 26
$8.7B
Q4 25
$5.5B
$9.7B
Q3 25
$8.9B
Q2 25
$8.5B
Q1 25
$8.5B
Q4 24
$5.5B
$9.3B
Q3 24
$9.2B
Q2 24
$9.1B
Net Profit
FMS
FMS
SLB
SLB
Q1 26
$752.0M
Q4 25
$434.2M
$824.0M
Q3 25
$739.0M
Q2 25
$1.0B
Q1 25
$797.0M
Q4 24
$127.6M
$1.1B
Q3 24
$1.2B
Q2 24
$1.1B
Gross Margin
FMS
FMS
SLB
SLB
Q1 26
Q4 25
27.4%
Q3 25
Q2 25
Q1 25
Q4 24
25.0%
Q3 24
Q2 24
Operating Margin
FMS
FMS
SLB
SLB
Q1 26
Q4 25
11.7%
9.7%
Q3 25
11.2%
Q2 25
15.0%
Q1 25
12.5%
Q4 24
5.1%
14.9%
Q3 24
16.5%
Q2 24
15.5%
Net Margin
FMS
FMS
SLB
SLB
Q1 26
8.6%
Q4 25
7.9%
8.5%
Q3 25
8.3%
Q2 25
11.9%
Q1 25
9.4%
Q4 24
2.3%
11.8%
Q3 24
12.9%
Q2 24
12.2%
EPS (diluted)
FMS
FMS
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
FMS
FMS
SLB
SLB
Cash + ST InvestmentsLiquidity on hand
$1.7B
$3.4B
Total DebtLower is stronger
$9.7B
Stockholders' EquityBook value
$15.4B
$27.4B
Total Assets
$33.5B
$19.3B
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMS
FMS
SLB
SLB
Q1 26
$3.4B
Q4 25
$1.7B
$1.2B
Q3 25
$571.0M
Q2 25
$511.0M
Q1 25
$961.0M
Q4 24
$1.3B
$1.1B
Q3 24
$1.4B
Q2 24
$1.1B
Total Debt
FMS
FMS
SLB
SLB
Q1 26
$9.7B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
FMS
FMS
SLB
SLB
Q1 26
$27.4B
Q4 25
$15.4B
$26.1B
Q3 25
$25.6B
Q2 25
$20.3B
Q1 25
$19.5B
Q4 24
$17.0B
$21.1B
Q3 24
$21.5B
Q2 24
$21.1B
Total Assets
FMS
FMS
SLB
SLB
Q1 26
$19.3B
Q4 25
$33.5B
$54.9B
Q3 25
$55.1B
Q2 25
$48.8B
Q1 25
$49.0B
Q4 24
$36.3B
$48.9B
Q3 24
$49.8B
Q2 24
$49.4B
Debt / Equity
FMS
FMS
SLB
SLB
Q1 26
0.35×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
FMS
FMS
SLB
SLB
Operating Cash FlowLast quarter
$2.9B
Free Cash FlowOCF − Capex
$103.0M
FCF MarginFCF / Revenue
1.2%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
6.67×
TTM Free Cash FlowTrailing 4 quarters
$4.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMS
FMS
SLB
SLB
Q1 26
Q4 25
$2.9B
$3.0B
Q3 25
$1.7B
Q2 25
$1.1B
Q1 25
$660.0M
Q4 24
$2.6B
$2.4B
Q3 24
$2.4B
Q2 24
$1.4B
Free Cash Flow
FMS
FMS
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
FMS
FMS
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
FMS
FMS
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
FMS
FMS
SLB
SLB
Q1 26
Q4 25
6.67×
3.65×
Q3 25
2.28×
Q2 25
1.13×
Q1 25
0.83×
Q4 24
20.20×
2.18×
Q3 24
2.06×
Q2 24
1.29×

Financial Flow Comparison

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

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