Schlumberger N.V. (SLB) 10-K Red Flags
Risk signals extracted deterministically from Schlumberger N.V.’s SEC 10-K/10-Q XBRL filings — no LLM, every finding cites the underlying data.
Detected red flags (10)
- Inventory buildup exceeds sales growth: Inventory grew +15.0% vs revenue -1.6%. Excess inventory may signal weakening demand, potential write-downs, or supply chain overcommitment. Watch gross margin for discounting impact.
- Operating cash flow exceeds net income: OCF is 1.92x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Goodwill is 31% of total assets: Goodwill of $17.00B represents a large share of the balance sheet. If acquired businesses underperform, a non-cash impairment charge could materially impact earnings. Monitor segment performance and acquisition integration metrics.
- Endogenous analysis: 1 positive signal(s) versus 1 risk signal(s). The filing exhibits more constructive indicators than concerns, though individual risk factors should still be monitored.
- 1 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- Revenue declined **+1.6%** YoY to $35.71B.
- 5-year revenue CAGR **+9.3%**; 10y CAGR +2.8%.
- Composite risk: Elevated.
- Leverage debt/equity 0.43 (moderate).
Filings & ownership
- Latest annual report (10-K) filed Jan 23, 2026.
- Latest quarterly report (10-Q) filed Jul 29, 2026.
- 12 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 4 sell transactions — net selling $4.5M.
- ~282 recent 13F-HR filings reference Schlumberger N.V.; broad institutional reporting.
- Recent filers include Q3 Asset Management, ADAMS NATURAL RESOURCES FUND, INC. (PEO), ADAMS NATURAL RESOURCES FUND, INC. (PEO).
- 7 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 13 recent 13G passive institutional ownership notices.
Full SLB analyst report
Valuation (DCF & Graham), technicals, macro exposure, risk scorecard and 13F/13D ownership.
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