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Core Laboratories Inc. provides reservoir description and production enhancement services and products to the oil and gas industry in the United States, and internationally. It operates through Reservoir Description and Production Enhancement segments. The Reservoir Description segment includes the characterization of petroleum reservoir rock and reservoir fluid samples to enhance production and improve recovery of crude oil and natural gas from its clients' reservoirs. It offers laboratory-based analytical and field services to characterize properties of crude oil and oil delivered products; and proprietary and joint industry studies, as well as services that support carbon capture, utilization and storage, geothermal projects, and the evaluation and appraisal of mining activities. The Production Enhancement segment provides services and products relating to reservoir well completions, perforations, stimulations, production, and well abandonment. It offers integrated diagnostic services to evaluate and monitor the effectiveness of well completions and to develop solutions to improve the effectiveness of enhanced oil recovery projects. The company markets and sells its products through a combination of sales representatives, technical seminars, trade shows, and print advertising, as well as through distributors. Core Laboratories Inc. was founded in 1936 and is based in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $527M | $71M | $30M | $22M | 11.2% | 0.5% | -5.5% |
| 2024 | $524M | $74M | $31M | $43M | 12.7% | 2.8% | -14.4% |
| 2023 | $510M | $70M | $37M | $14M | 16.3% | 4.1% | 88.5% |
| 2022 | $490M | $59M | $19M | $15M | 10.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 489.74 | 509.79 | 523.85 | 526.52 |
| Cost Of Revenue | - | 410.82 | 415.74 | 435.48 | 432.24 |
| Gross Profit | - | 78.92 | 94.05 | 88.37 | 94.28 |
| Operating Expense | - | 37.57 | 37.85 | 38.59 | 43.80 |
| Operating Income | - | 41.35 | 56.20 | 49.78 | 50.49 |
| EBITDA | - | 58.68 | 70.42 | 73.51 | 71.12 |
| EBIT | - | 41.52 | 54.64 | 58.56 | 56.47 |
| Pretax Income | - | 29.95 | 41.21 | 46.19 | 45.90 |
| Tax Provision | - | 10.30 | 4.18 | 14.03 | 15.50 |
| Net Income | - | 19.45 | 36.67 | 31.40 | 29.67 |
| Net Income Common Stockholders | - | 19.45 | 36.67 | 31.40 | 29.67 |
| Total Expenses | - | 448.39 | 453.59 | 474.07 | 476.03 |
| Interest Expense | - | 11.57 | 13.43 | 12.37 | 10.57 |
| Selling General And Administration | - | 37.57 | 38.89 | 38.59 | 44.22 |
| Normalized EBITDA | - | 60.51 | 73.14 | 67.29 | 65.72 |
| Normalized Income | - | 20.65 | 39.12 | 27.07 | 26.09 |
| Market Cap | 803.54 | 803.54 | 803.54 | 803.54 | 803.54 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Core Laboratories Inc.this co. | CLB | $809M | 27.08 | 3.02 | 11.2% | 13.29 |
| HighPeak Energy, Inc. | HPK | $879M | 53.54 | 0.55 | 1.2% | 3.31 |
| Granite Ridge Resources, Inc. | GRNT | $789M | 33.22 | 1.30 | 4.0% | 3.43 |
| Vitesse Energy, Inc. | VTS | $788M | 29.52 | 1.22 | 4.0% | 5.18 |
| Riley Exploration Permian, Inc. | REPX | $787M |
| - |
| - |
| - |
| - |
| - |
| 4.77 |
| 1.24 |
| 25.4% |
| 4.33 |
| Forum Energy Technologies, Inc. | FET | $731M | - | 2.46 | -3.3% | 17.46 |
| Hallador Energy Company | HNRG | $714M | 15.79 | 4.16 | 26.2% | 7.30 |
| VAALCO Energy, Inc. | EGY | $713M | - | 1.57 | -9.3% | 4.90 |
| Oil States International, Inc. | OIS | $709M | - | 1.23 | -19.1% | 11.39 |
| Peer Median | - | 29.52 | 1.27 | 2.6% | 5.04 | |