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Core Laboratories N.V.

CLB

Core Laboratories N.V. • NYSE
$15.10 ▲ 1.00% (+0.15)
Market Cap $704.24 M
52w High $21.20
52w Low $9.72
Dividend Yield 0.04%
P/E 22.21
Volume 177.21K
Outstanding Shares 46.64M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $134.521M ▲ $5.098M ▼ $14.239M ▲ 10.585% ▲ $0.3 ▲ $24.522M ▲
Q2-2025 $130.159M ▲ $7.497M ▼ $10.636M ▲ 8.172% ▲ $0.22 ▲ $22.645M ▲
Q1-2025 $123.585M ▼ $15.982M ▲ $-154K ▼ -0.125% ▼ $-0.003 ▼ $8.097M ▼
Q4-2024 $129.237M ▼ $5.2M ▲ $7.403M ▼ 5.728% ▼ $0.16 ▼ $17.838M ▼
Q3-2024 $134.397M $4.113M $11.745M 8.739% $0.25 $23.479M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $25.629M ▼ $591.36M ▼ $313.972M ▼ $271.347M ▲
Q2-2025 $31.188M ▲ $602.111M ▲ $334.808M ▲ $261.283M ▲
Q1-2025 $22.107M ▲ $591.519M ▲ $332.163M ▼ $253.388M ▲
Q4-2024 $19.157M ▼ $590.406M ▼ $332.669M ▼ $251.991M ▲
Q3-2024 $21.474M $600.466M $344.045M $250.742M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $14.524M ▲ $8.502M ▼ $2.393M ▲ $-16.454M ▼ $-5.559M ▼ $5.47M ▼
Q2-2025 $10.636M ▲ $14.717M ▲ $-1.678M ▼ $-3.494M ▲ $9.081M ▲ $10.084M ▲
Q1-2025 $69K ▼ $6.66M ▼ $772K ▲ $-4.482M ▲ $2.95M ▲ $3.081M ▼
Q4-2024 $7.469M ▼ $20.615M ▲ $-3.559M ▼ $-19.373M ▼ $-2.317M ▼ $16.234M ▲
Q3-2024 $11.745M $13.097M $-491K $-8.827M $3.779M $10.371M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product
Product
 $70.00M ▲$30.00M ▼$30.00M ▲$30.00M ▲
Service
Service
 $190.00M ▲$100.00M ▼$100.00M ▲$100.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been slowly edging higher over the past few years after a tough pandemic period, showing steady but not spectacular growth. Profitability has recovered from the deep loss in 2020 and has been consistently positive since, with operating performance gradually improving. That said, earnings remain relatively modest and a bit uneven from year to year, reflecting the cyclical nature of oilfield activity and pricing pressure in the sector. Overall, the income statement shows a business that has stabilized and is earning money again, but still operates with limited room for error.

Balance Sheet

Balance Sheet The balance sheet looks much healthier than it did a few years ago. Total assets have stayed fairly steady, while debt has been pushed down meaningfully from earlier, more leveraged levels. Equity has been rebuilt over time from a very thin base, suggesting past repair work on the capital structure is bearing fruit. Cash on hand is not large but has been consistent, which puts more emphasis on maintaining steady cash generation. Overall, leverage is more manageable now, though the company still depends on a supportive industry environment to keep strengthening its financial position.

Cash Flow

Cash Flow Cash generation has been a clear bright spot. The company has produced positive operating cash flow in each of the past several years, with a notable improvement in the most recent period. After modest but steady investment spending, free cash flow has remained consistently positive, indicating that the business generates more cash than it needs just to maintain its asset base. Capital spending is relatively light, in line with a technology- and service-oriented model rather than heavy equipment. This pattern of reliable free cash flow gives the company flexibility to keep reducing debt or reinvest in its technology.

Competitive Edge

Competitive Edge Core Laboratories occupies a specialized, high-knowledge niche within oilfield services, focused on understanding reservoirs and helping clients improve production. Its long operating history has built a deep, hard-to-replicate database of rock and fluid data, which underpins many of its services. Proprietary technologies, patents, and strong relationships with major oil and gas companies create switching costs and help protect its position. However, the company still operates in a competitive, cyclical industry where large integrated service providers and smaller niche players vie for budgets that depend heavily on oil and gas spending cycles.

Innovation and R&D

Innovation and R&D Innovation is central to Core Laboratories’ identity. The company has developed a range of proprietary tools for digital rock analysis, perforation, tracers, and advanced reservoir modeling, increasingly powered by data analytics, automation, and machine learning. Its move to apply these subsurface skills to carbon storage, geothermal, and critical minerals suggests an effort to stay relevant as the energy system evolves. While exact R&D spend is not visible here, the breadth of new digital offerings and energy-transition initiatives indicates an ongoing commitment to research and development as a key differentiator.

Summary

Core Laboratories today looks like a more financially stable, cash-generative niche specialist than it was in the early pandemic period. Earnings and margins have recovered but remain modest and tied to oil and gas activity levels. The balance sheet has been repaired, with lower debt and rebuilt equity, supported by steady free cash flow and relatively light capital needs. Competitively, the company benefits from decades of data, specialized expertise, and proprietary technologies that are not easy to copy. Its push into digital tools and energy-transition applications (such as carbon storage and geothermal) offers potential new growth avenues, but success will depend on how quickly these markets develop and how well management executes the shift while still navigating the usual ups and downs of the oil and gas cycle.

NEWS

October 22, 2025 · 5:00 PM UTC

CORE LAB REPORTS THIRD QUARTER 2025 RESULTS

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September 30, 2025 · 4:15 PM UTC

CORE LABORATORIES ANNOUNCES STRATEGIC ACQUISITION OF BRAZIL-BASED SOLINTEC

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September 24, 2025 · 4:30 PM UTC

CORE LABORATORIES ANNOUNCES TIMING OF THIRD QUARTER 2025 EARNINGS RELEASE AND CONFERENCE CALL

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