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Side-by-side financial comparison of Schlumberger (SLB) and U.S. Bancorp (USB). Click either name above to swap in a different company.

Schlumberger is the larger business by last-quarter revenue ($8.7B vs $7.4B, roughly 1.2× U.S. Bancorp). U.S. Bancorp runs the higher net margin — 27.8% vs 8.6%, a 19.1% gap on every dollar of revenue. On growth, U.S. Bancorp posted the faster year-over-year revenue change (5.1% vs 2.7%). Over the past eight quarters, U.S. Bancorp's revenue compounded faster (4.7% CAGR vs -2.3%).

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.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

SLB vs USB — Head-to-Head

Bigger by revenue
SLB
SLB
1.2× larger
SLB
$8.7B
$7.4B
USB
Growing faster (revenue YoY)
USB
USB
+2.4% gap
USB
5.1%
2.7%
SLB
Higher net margin
USB
USB
19.1% more per $
USB
27.8%
8.6%
SLB
Faster 2-yr revenue CAGR
USB
USB
Annualised
USB
4.7%
-2.3%
SLB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
SLB
SLB
USB
USB
Revenue
$8.7B
$7.4B
Net Profit
$752.0M
$2.0B
Gross Margin
Operating Margin
34.4%
Net Margin
8.6%
27.8%
Revenue YoY
2.7%
5.1%
Net Profit YoY
-5.6%
23.0%
EPS (diluted)
$0.50
$1.26

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
SLB
SLB
USB
USB
Q1 26
$8.7B
Q4 25
$9.7B
$7.4B
Q3 25
$8.9B
$7.3B
Q2 25
$8.5B
$7.0B
Q1 25
$8.5B
$7.0B
Q4 24
$9.3B
$7.0B
Q3 24
$9.2B
$6.9B
Q2 24
$9.1B
$6.9B
Net Profit
SLB
SLB
USB
USB
Q1 26
$752.0M
Q4 25
$824.0M
$2.0B
Q3 25
$739.0M
$2.0B
Q2 25
$1.0B
$1.8B
Q1 25
$797.0M
$1.7B
Q4 24
$1.1B
$1.7B
Q3 24
$1.2B
$1.7B
Q2 24
$1.1B
$1.6B
Operating Margin
SLB
SLB
USB
USB
Q1 26
Q4 25
9.7%
34.4%
Q3 25
11.2%
34.5%
Q2 25
15.0%
32.7%
Q1 25
12.5%
31.0%
Q4 24
14.9%
30.1%
Q3 24
16.5%
30.2%
Q2 24
15.5%
29.9%
Net Margin
SLB
SLB
USB
USB
Q1 26
8.6%
Q4 25
8.5%
27.8%
Q3 25
8.3%
27.3%
Q2 25
11.9%
25.9%
Q1 25
9.4%
24.6%
Q4 24
11.8%
23.7%
Q3 24
12.9%
25.0%
Q2 24
12.2%
23.3%
EPS (diluted)
SLB
SLB
USB
USB
Q1 26
$0.50
Q4 25
$0.53
$1.26
Q3 25
$0.50
$1.22
Q2 25
$0.74
$1.11
Q1 25
$0.58
$1.03
Q4 24
$0.77
$1.01
Q3 24
$0.83
$1.03
Q2 24
$0.77
$0.97

Balance Sheet & Financial Strength

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

Metric
SLB
SLB
USB
USB
Cash + ST InvestmentsLiquidity on hand
$3.4B
Total DebtLower is stronger
$9.7B
Stockholders' EquityBook value
$27.4B
$65.2B
Total Assets
$19.3B
$692.3B
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLB
SLB
USB
USB
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
SLB
SLB
USB
USB
Q1 26
$9.7B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
SLB
SLB
USB
USB
Q1 26
$27.4B
Q4 25
$26.1B
$65.2B
Q3 25
$25.6B
$63.3B
Q2 25
$20.3B
$61.4B
Q1 25
$19.5B
$60.1B
Q4 24
$21.1B
$58.6B
Q3 24
$21.5B
$58.9B
Q2 24
$21.1B
$56.4B
Total Assets
SLB
SLB
USB
USB
Q1 26
$19.3B
Q4 25
$54.9B
$692.3B
Q3 25
$55.1B
$695.4B
Q2 25
$48.8B
$686.4B
Q1 25
$49.0B
$676.5B
Q4 24
$48.9B
$678.3B
Q3 24
$49.8B
$686.5B
Q2 24
$49.4B
$680.1B
Debt / Equity
SLB
SLB
USB
USB
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
SLB
SLB
USB
USB
Operating Cash FlowLast quarter
$2.8B
Free Cash FlowOCF − Capex
$103.0M
FCF MarginFCF / Revenue
1.2%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.39×
TTM Free Cash FlowTrailing 4 quarters
$4.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLB
SLB
USB
USB
Q1 26
Q4 25
$3.0B
$2.8B
Q3 25
$1.7B
$3.4B
Q2 25
$1.1B
$2.0B
Q1 25
$660.0M
$-285.0M
Q4 24
$2.4B
$4.8B
Q3 24
$2.4B
$972.0M
Q2 24
$1.4B
$2.9B
Free Cash Flow
SLB
SLB
USB
USB
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
SLB
SLB
USB
USB
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
SLB
SLB
USB
USB
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
SLB
SLB
USB
USB
Q1 26
Q4 25
3.65×
1.39×
Q3 25
2.28×
1.69×
Q2 25
1.13×
1.12×
Q1 25
0.83×
-0.17×
Q4 24
2.18×
2.87×
Q3 24
2.06×
0.57×
Q2 24
1.29×
1.79×

Financial Flow Comparison

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

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