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.
Others in SIC 1389
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| SLB | SLB LIMITED/NV | $85.35B | 24.5x | -1.6% |
| HAL | HALLIBURTON CO | $30.88B | — | -3.3% |
| OII | OCEANEERING INTERNATIONAL INC | $5.12B | 14.7x | 4.1% |
| NESR | National Energy Services Reunited Corp. | $3.50B | 66.8x | 1.7% |
| LBRT | Liberty Energy Inc. | $3.36B | 23.1x | -7.2% |
| WBI | WaterBridge Infrastructure LLC | $1.57B | — | 66.2% |
| HLX | HORNBECK OFFSHORE SERVICES, INC. | $1.56B | 50.5x | -4.9% |
| RES | RPC INC | $1.44B | 43.3x | 15.0% |