Core Laboratories Inc. /DE/ CLB
Core Laboratories Inc. is a Delaware corporation. We were established in 1936 and are one of the world's leading providers of proprietary and patented reservoir description and production enhancement services and products to the oil and gas industry, primarily through client relationships with many of the world's major, national and independent oil companies. These services and products can enable our clients to evaluate and improve reservoir performance and increase oil and gas recovery from their new and existing fields. We make measurements on reservoir rocks, reservoir fluids (crude oil, natural gas and water) and their derived products. In addition, we assist clients in evaluating subsurface targets associated with Carbon Capture and Sequestration ("CCS") projects or initiatives. We have over 70 offices in more than 50 countries and have approximately 3,300 employees.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $526.5M | $523.8M | $509.8M | $489.7M | $470.3M | — |
| Cost of revenue | $417.6M | $420.5M | $400.0M | $393.7M | — | — |
| Gross profit | $108.9M | $103.3M | $109.8M | $96.1M | — | — |
| SG&A | $45.4M | $39.8M | $40.3M | $38.1M | — | — |
| Operating income | $56.5M | $58.6M | $54.6M | $41.5M | $45.3M | — |
| Interest expense | $10.6M | $12.4M | $13.4M | $11.6M | $9.2M | — |
| Pre-tax income | $45.9M | $46.2M | $41.2M | $30.0M | $36.1M | — |
| Income tax | $15.5M | $14.0M | $4.2M | $10.3M | $15.9M | — |
| Net income | $29.7M | $31.4M | $36.7M | $19.5M | $19.7M | — |
| EPS, basic | 0.64 | 0.67 | 0.79 | 0.42 | 0.43 | — |
| EPS, diluted | 0.63 | 0.66 | 0.77 | 0.42 | 0.42 | — |
| Shares, diluted (wtd. avg.) | 47.0M | 47.7M | 47.5M | 46.8M | 46.7M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $22.7M | $19.2M | $15.1M | $15.4M | $17.7M | $13.8M |
| Receivables | $113.5M | $111.8M | $109.4M | $106.9M | — | — |
| Inventory | $54.5M | $59.4M | $71.7M | $60.4M | — | — |
| Total current assets | $214.7M | $221.3M | $223.1M | $211.7M | — | — |
| Property, plant and equipment | $99.4M | $97.1M | $99.6M | $105.0M | $111.0M | — |
| Goodwill | $105.8M | $99.4M | $99.4M | $99.4M | — | — |
| Other intangibles | $7.1M | $6.4M | $6.9M | $7.5M | — | — |
| Total assets | $584.0M | $585.1M | $586.4M | $578.4M | $580.9M | — |
| Accounts payable | $37.3M | $34.5M | $33.5M | $45.8M | — | — |
| Total current liabilities | $106.0M | $102.4M | $88.1M | $103.1M | — | — |
| Long-term debt | $110.3M | $126.1M | $163.1M | $172.4M | — | — |
| Retained earnings | $172.7M | $144.9M | $120.8M | $85.9M | — | — |
| Total equity | $266.0M | $246.6M | $224.4M | $183.5M | $161.0M | $75.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $37.0M | $56.4M | $24.8M | $25.0M | $36.6M | — |
| Depreciation and amortisation | $14.6M | $15.0M | $15.8M | $17.2M | $18.5M | — |
| Stock-based compensation | $7.1M | $3.8M | $14.0M | $7.8M | $19.1M | — |
| Capital expenditure | $11.2M | $11.9M | $10.6M | $10.2M | $13.5M | — |
| Investing cash flow | -$2.2M | -$6.4M | -$6.7M | -$3.9M | -$10.2M | — |
| Financing cash flow | -$31.3M | -$46.0M | -$18.4M | -$23.4M | -$22.5M | — |
| Dividends paid | $1.9M | $1.9M | $1.9M | $1.9M | $1.8M | — |
| Buybacks | $12.4M | $5.3M | $2.2M | $3.9M | $8.3M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-118177.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $470.3M | $489.7M | $509.8M | $523.8M | $526.5M |
| Gross profit | — | — | $96.1M | $109.8M | $103.3M | $108.9M |
| Net income | — | $19.7M | $19.5M | $36.7M | $31.4M | $29.7M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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