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

Vale S.A. is the larger business by last-quarter revenue ($8.8B vs $8.7B, roughly 1.0× Schlumberger). Vale S.A. runs the higher net margin — 24.3% vs 8.6%, a 15.6% gap on every dollar of revenue. On growth, Schlumberger posted the faster year-over-year revenue change (2.7% vs -11.3%).

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.

Vale, formerly Companhia Vale do Rio Doce, is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt; as of 2014 the company operated nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products.

SLB vs VALE — Head-to-Head

Bigger by revenue
VALE
VALE
1.0× larger
VALE
$8.8B
$8.7B
SLB
Growing faster (revenue YoY)
SLB
SLB
+14.0% gap
SLB
2.7%
-11.3%
VALE
Higher net margin
VALE
VALE
15.6% more per $
VALE
24.3%
8.6%
SLB

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
SLB
SLB
VALE
VALE
Revenue
$8.7B
$8.8B
Net Profit
$752.0M
$2.1B
Gross Margin
30.9%
Operating Margin
22.8%
Net Margin
8.6%
24.3%
Revenue YoY
2.7%
-11.3%
Net Profit YoY
-5.6%
-22.9%
EPS (diluted)
$0.50
$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
SLB
SLB
VALE
VALE
Q1 26
$8.7B
Q4 25
$9.7B
Q3 25
$8.9B
Q2 25
$8.5B
$8.8B
Q1 25
$8.5B
Q4 24
$9.3B
Q3 24
$9.2B
Q2 24
$9.1B
$9.9B
Net Profit
SLB
SLB
VALE
VALE
Q1 26
$752.0M
Q4 25
$824.0M
Q3 25
$739.0M
Q2 25
$1.0B
$2.1B
Q1 25
$797.0M
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$1.1B
$2.8B
Gross Margin
SLB
SLB
VALE
VALE
Q1 26
Q4 25
Q3 25
Q2 25
30.9%
Q1 25
Q4 24
Q3 24
Q2 24
36.0%
Operating Margin
SLB
SLB
VALE
VALE
Q1 26
Q4 25
9.7%
Q3 25
11.2%
Q2 25
15.0%
22.8%
Q1 25
12.5%
Q4 24
14.9%
Q3 24
16.5%
Q2 24
15.5%
39.1%
Net Margin
SLB
SLB
VALE
VALE
Q1 26
8.6%
Q4 25
8.5%
Q3 25
8.3%
Q2 25
11.9%
24.3%
Q1 25
9.4%
Q4 24
11.8%
Q3 24
12.9%
Q2 24
12.2%
27.9%
EPS (diluted)
SLB
SLB
VALE
VALE
Q1 26
$0.50
Q4 25
$0.53
Q3 25
$0.50
Q2 25
$0.74
$0.50
Q1 25
$0.58
Q4 24
$0.77
Q3 24
$0.83
Q2 24
$0.77
$0.65

Balance Sheet & Financial Strength

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

Metric
SLB
SLB
VALE
VALE
Cash + ST InvestmentsLiquidity on hand
$3.4B
$5.5B
Total DebtLower is stronger
$9.7B
Stockholders' EquityBook value
$27.4B
$40.5B
Total Assets
$19.3B
$90.4B
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLB
SLB
VALE
VALE
Q1 26
$3.4B
Q4 25
$1.2B
Q3 25
$571.0M
Q2 25
$511.0M
$5.5B
Q1 25
$961.0M
Q4 24
$1.1B
Q3 24
$1.4B
Q2 24
$1.1B
$6.5B
Total Debt
SLB
SLB
VALE
VALE
Q1 26
$9.7B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
SLB
SLB
VALE
VALE
Q1 26
$27.4B
Q4 25
$26.1B
Q3 25
$25.6B
Q2 25
$20.3B
$40.5B
Q1 25
$19.5B
Q4 24
$21.1B
Q3 24
$21.5B
Q2 24
$21.1B
$38.4B
Total Assets
SLB
SLB
VALE
VALE
Q1 26
$19.3B
Q4 25
$54.9B
Q3 25
$55.1B
Q2 25
$48.8B
$90.4B
Q1 25
$49.0B
Q4 24
$48.9B
Q3 24
$49.8B
Q2 24
$49.4B
$86.6B
Debt / Equity
SLB
SLB
VALE
VALE
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
VALE
VALE
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$103.0M
FCF MarginFCF / Revenue
1.2%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$4.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLB
SLB
VALE
VALE
Q1 26
Q4 25
$3.0B
Q3 25
$1.7B
Q2 25
$1.1B
Q1 25
$660.0M
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$1.4B
Free Cash Flow
SLB
SLB
VALE
VALE
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
VALE
VALE
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
VALE
VALE
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
VALE
VALE
Q1 26
Q4 25
3.65×
Q3 25
2.28×
Q2 25
1.13×
Q1 25
0.83×
Q4 24
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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