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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 |
| Operating 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 |
| Selling General And Administration | - | 37.57 | 38.89 | 38.59 | 44.22 |
| Total Expenses | - | 448.39 | 453.59 | 474.07 | 476.03 |
| Operating Income | - | 41.35 | 56.20 | 49.78 | 50.49 |
| Total Operating Income As Reported | - | 41.52 | 54.64 | 58.56 | 56.47 |
| EBITDA | - | 58.68 | 70.42 | 73.51 | 71.12 |
| Normalized EBITDA | - | 60.51 | 73.14 | 67.29 | 65.72 |
| EBIT | - | 41.52 | 54.64 | 58.56 | 56.47 |
| Interest Expense | - | 11.57 | 13.43 | 12.37 | 10.57 |
| Net Interest Income | - | -11.57 | -13.43 | -12.37 | -10.57 |
| Other Non Operating Income Expenses | - | 1.71 | 0.76 | 2.32 | 1.23 |
| Other Income Expense | - | 0.18 | -1.56 | 8.78 | 5.98 |
| Interest Expense Non Operating | - | 11.57 | 13.43 | 12.37 | 10.57 |
| Net Non Operating Interest Income Expense | - | -11.57 | -13.43 | -12.37 | -10.57 |
| Pretax Income | - | 29.95 | 41.21 | 46.19 | 45.90 |
| Tax Provision | - | 10.30 | 4.18 | 14.03 | 15.50 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.63 | -0.28 | 1.89 | 1.83 |
| Net Income Continuous Operations | - | 19.66 | 37.02 | 32.15 | 30.39 |
| Net Income From Continuing And Discontinued Operation | - | 19.45 | 36.67 | 31.40 | 29.67 |
| Net Income From Continuing Operation Net Minority Interest | - | 19.45 | 36.67 | 31.40 | 29.67 |
| Net Income | - | 19.45 | 36.67 | 31.40 | 29.67 |
| Net Income Common Stockholders | - | 19.45 | 36.67 | 31.40 | 29.67 |
| Net Income Including Noncontrolling Interests | - | 19.66 | 37.02 | 32.15 | 30.39 |
| Normalized Income | - | 20.65 | 39.12 | 27.07 | 26.09 |
| Diluted NI Availto Com Stockholders | - | 19.45 | 36.67 | 31.40 | 29.67 |
| Basic Average Shares | - | 46.63 | 46.86 | 46.83 | 46.09 |
| Diluted Average Shares | - | 46.81 | 47.52 | 47.68 | 47.03 |
| Reconciled Depreciation | - | 17.16 | 15.78 | 14.95 | 14.65 |
| Reconciled Cost Of Revenue | - | 410.82 | 415.74 | 435.48 | 432.24 |
| Total Unusual Items | - | -1.82 | -2.72 | 6.22 | 5.40 |
| Total Unusual Items Excluding Goodwill | - | -1.82 | -2.72 | 6.22 | 5.40 |
| Minority Interests | - | -0.20 | -0.35 | -0.75 | -0.72 |
| Net Income Discontinuous Operations | 0 | 0 | - | - | - |
| Special Income Charges | - | -1.60 | -2.54 | 7.42 | 6.15 |
| Gain On Sale Of Business | 1.01 | 0 | 0 | - | - |
| Other Special Charges | - | -0.67 | 0.46 | -8.43 | -8.30 |
| Write Off | - | 0 | 2.29 | 1.81 | 0.71 |
| Restructuring And Mergern Acquisition | - | 3.33 | 0 | 0.98 | 2.26 |
| Gain On Sale Of Security | - | -0.23 | -0.18 | -1.20 | -0.74 |
| General And Administrative Expense | - | 37.57 | 38.89 | 38.59 | 44.22 |
| Other Gand A | - | 38.12 | 40.26 | 39.77 | 45.43 |
| Salaries And Wages | - | -0.55 | -1.36 | -1.18 | -1.20 |
| Gain On Sale Of Ppe | - | 1.07 | 0.20 | 1.78 | 0.81 |
| Provision For Doubtful Accounts | - | - | -1.05 | 0 | -0.43 |
| Earnings From Equity Interest | - | 0.29 | 0.39 | 0.24 | -0.65 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Core Laboratories Inc.this co. | CLB | $630M | 21.22↑ premium | 2.37 | 11.2% | 10.84 |
| Vitesse Energy, Inc. | VTS | $743M | 29.39 | 1.18 | 4.0% | 5.00 |
| Granite Ridge Resources, Inc. | GRNT | $658M | 27.03 | 1.09 | 4.0% | 3.76 |
| W&T Offshore, Inc. | WTI | $610M | -4.06 | -3.05 | 75.1% | 9.56 |
| Forum Energy Technologies, Inc. | FET | $606M |
| - |
| - |
| - |
| - |
| - |
| -62.77 |
| 2.08 |
| -3.3% |
| 11.53 |
| VAALCO Energy, Inc. | EGY | $600M | -14.50 | 1.35 | -9.3% | 7.50 |
| SandRidge Energy, Inc. | SD | $578M | 8.23 | 1.13 | 13.7% | 4.32 |
| Oil States International, Inc. | OIS | $523M | - | 0.91 | -19.1% | - |
| Natural Gas Services Group, Inc. | NGS | $521M | 26.15 | 1.90 | 7.3% | 9.94 |
| Peer Median | - | 8.23 | 1.16 | 4.0% | 7.50 | |