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American service Provider
Core Laboratories Inc ("Core Lab") is an American service provider of core and fluid analysis in the petroleum industry. Established in 1936, Core Lab is a global provider of proprietary and patented reservoir description and production enhancement services and products for the oil and gas industry.3 Its shares trade on NYSE under the symbol CLB.1Wikipedia text CC BY-SA 4.0
Core Laboratories Inc ("Core Lab") is an American service provider of core and fluid analysis in the petroleum industry. Established in 1936, Core Lab is a global provider of proprietary and patented reservoir description and production enhancement services and products for the oil and gas industry.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue10119$526.5M in 2025+12% since 2021Operating income10119$56.5M in 2025+25% since 2021Net income10119$29.7M in 2025+50% since 2021
Revenue1213$124.6M in Q2 FY2026+2% since Q1 FY2026Operating income1213$9.2M in Q2 FY2026+385% since Q1 FY2026Net income1213$6.0M in Q2 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Revenue
$526.5M
$523.8M
$509.8M
General and administrative expense, exclusive of depreciation expense shown below
$45.4M
$39.8M
$40.3M
Depreciation
$14.3M
$14.4M
$15.3M
Amortization
$359.0K
$504.0K
$490.0K
Other (income) expense, net
-$7.6M
-$10.0M
-$850.0K
OPERATING INCOME
$56.5M
$58.6M
$54.6M
Interest expense
$10.6M
$12.4M
$13.4M
Income before income taxes
$45.9M
$46.2M
$41.2M
Income tax expense
$15.5M
$14.0M
$4.2M
Net income
$30.4M
$32.2M
$37.0M
Net income attributable to non-controlling interest
$722.0K
$753.0K
$350.0K
Net income attributable to Core Laboratories Inc.
$29.7M
$31.4M
$36.7M
Basic earnings per share
$1
$1
$1
Basic earnings per share attributable to Core Laboratories Inc.
$0.64
$0.67
$0.79
Diluted earnings per share
$1
$1
$1
Diluted earnings per share attributable to Core Laboratories Inc.
$0.63
$0.66
$0.77
Basic
46.4M shares
46.9M shares
46.7M shares
Diluted
47.0M shares
47.7M shares
47.5M shares
No quarter-by-quarter statement was filed.
Total assets10119$584.0M in 2025+1% since 2021Shareholders’ equity10119$266.0M in 2025+252% since 2020Cash10119$22.7M in 2025+64% since 2020Long-term debt10119$110.3M in 2025−36% since 2022
Total assets1213$586.8M in Q2 FY2026+0% since Q1 FY2025Shareholders’ equity1213$272.7M in Q2 FY2026+3% since Q1 FY2025Cash1213$22.7M in Q2 FY2026+0% since Q1 FY2025Long-term debt1213$113.9M in Q2 FY2026+3% since Q1 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$22.7M
$19.2M
Accounts receivable, net of allowance for credit losses of $6,317 and $3,192 at 2025 and 2024, respectively
$113.5M
$111.8M
Inventories
$54.5M
$59.4M
Prepaid expenses
$9.7M
$10.2M
Income taxes receivable
$7.3M
$10.3M
Other current assets
$6.9M
$10.5M
TOTAL CURRENT ASSETS
$214.7M
$221.3M
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of $320,707 and $314,317 at 2025 and 2024, respectively
$99.4M
$97.1M
$99.6M
RIGHT OF USE ASSETS
$54.3M
$56.5M
INTANGIBLES, net of accumulated amortization and impairment of $19,531 and $19,326 at 2025 and 2024, respectively
$7.1M
$6.4M
GOODWILL
$105.8M
$99.4M
$99.4M
DEFERRED TAX ASSETS, net
$67.4M
$69.6M
OTHER ASSETS
$35.3M
$34.8M
TOTAL ASSETS
$584.0M
$585.1M
$586.4M
Accounts payable
$37.3M
$34.5M
Accrued payroll and related costs
$26.5M
$22.9M
Taxes other than payroll and income
$4.3M
$7.1M
Unearned revenues
$5.6M
$9.3M
Operating lease liabilities
$11.5M
$10.7M
Income taxes payable
$4.3M
$9.7M
Other current liabilities
$16.7M
$8.2M
TOTAL CURRENT LIABILITIES
$106.0M
$102.4M
LONG-TERM DEBT, net
$110.3M
$126.1M
LONG-TERM OPERATING LEASE LIABILITIES
$42.3M
$43.3M
DEFERRED COMPENSATION
$29.4M
$31.1M
DEFERRED TAX LIABILITIES, net
$8.0M
$9.1M
OTHER LONG-TERM LIABILITIES
$15.8M
$20.7M
Preference stock, 6,000,000 shares authorized, $0.01 par value; none issued or outstanding
$0
$0
Common stock, 200,000,000 shares authorized, $0.01 par value, 46,966,868 issued and 46,095,379 outstanding at 2025; 46,966,868 issued and 46,826,820 outstanding at 2024
$470.0K
$470.0K
Additional paid-in capital
$110.2M
$109.5M
Retained earnings
$172.7M
$144.9M
Accumulated other comprehensive income (loss)
-$5.8M
-$5.8M
Treasury stock (at cost), 871,489 and 140,048 at 2025 and 2024, respectively
-$11.6M
-$2.5M
Total Core Laboratories Inc. shareholders' equity
$266.0M
$246.6M
Non-controlling interest
$6.2M
$5.7M
TOTAL EQUITY
$272.2M
$252.3M
$224.4M
$183.5M
TOTAL LIABILITIES AND EQUITY
$584.0M
$585.1M
Allowance for doubtful accounts
$6.3M
$3.2M
Accumulated Depreciation
$320.7M
$314.3M
Accumulated amortization
$19.5M
$19.3M
Preferred stock, par value per share
$0.01
$0.01
Preferred stock, shares authorized
6.0M shares
6.0M shares
Preferred stock, shares issued
0 shares
0 shares
Preferred stock, shares outstanding
0 shares
0 shares
Common stock, par value per share
$0.01
$0.01
Common stock, shares authorized
200.0M shares
200.0M shares
Common stock, shares, issued
47.0M shares
47.0M shares
Common shares, outstanding
46.1M shares
46.8M shares
Treasury stock (at cost)
871.5K shares
140.0K shares
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$22.7M
$19.2M
Accounts receivable, net of allowance for credit losses of $6,317 and $3,192 at 2025 and 2024, respectively
$113.5M
$111.8M
Inventories
$54.5M
$59.4M
Prepaid expenses
$9.7M
$10.2M
Income taxes receivable
$7.3M
$10.3M
Other current assets
$6.9M
$10.5M
TOTAL CURRENT ASSETS
$214.7M
$221.3M
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of $320,707 and $314,317 at 2025 and 2024, respectively
$99.4M
$97.1M
$99.6M
RIGHT OF USE ASSETS
$54.3M
$56.5M
INTANGIBLES, net of accumulated amortization and impairment of $19,531 and $19,326 at 2025 and 2024, respectively
$7.1M
$6.4M
GOODWILL
$105.8M
$99.4M
$99.4M
DEFERRED TAX ASSETS, net
$67.4M
$69.6M
OTHER ASSETS
$35.3M
$34.8M
TOTAL ASSETS
$584.0M
$585.1M
$586.4M
Accounts payable
$37.3M
$34.5M
Accrued payroll and related costs
$26.5M
$22.9M
Taxes other than payroll and income
$4.3M
$7.1M
Unearned revenues
$5.6M
$9.3M
Operating lease liabilities
$11.5M
$10.7M
Income taxes payable
$4.3M
$9.7M
Other current liabilities
$16.7M
$8.2M
TOTAL CURRENT LIABILITIES
$106.0M
$102.4M
LONG-TERM DEBT, net
$110.3M
$126.1M
LONG-TERM OPERATING LEASE LIABILITIES
$42.3M
$43.3M
DEFERRED COMPENSATION
$29.4M
$31.1M
DEFERRED TAX LIABILITIES, net
$8.0M
$9.1M
OTHER LONG-TERM LIABILITIES
$15.8M
$20.7M
Preference stock, 6,000,000 shares authorized, $0.01 par value; none issued or outstanding
$0
$0
Common stock, 200,000,000 shares authorized, $0.01 par value, 46,966,868 issued and 46,095,379 outstanding at 2025; 46,966,868 issued and 46,826,820 outstanding at 2024
$470.0K
$470.0K
Additional paid-in capital
$110.2M
$109.5M
Retained earnings
$172.7M
$144.9M
Accumulated other comprehensive income (loss)
-$5.8M
-$5.8M
Treasury stock (at cost), 871,489 and 140,048 at 2025 and 2024, respectively
-$11.6M
-$2.5M
Total Core Laboratories Inc. shareholders' equity
$266.0M
$246.6M
Non-controlling interest
$6.2M
$5.7M
TOTAL EQUITY
$272.2M
$252.3M
$224.4M
$183.5M
TOTAL LIABILITIES AND EQUITY
$584.0M
$585.1M
Allowance for doubtful accounts
$6.3M
$3.2M
Accumulated Depreciation
$320.7M
$314.3M
Accumulated amortization
$19.5M
$19.3M
Preferred stock, par value per share
$0.01
$0.01
Preferred stock, shares authorized
6.0M shares
6.0M shares
Preferred stock, shares issued
0 shares
0 shares
Preferred stock, shares outstanding
0 shares
0 shares
Common stock, par value per share
$0.01
$0.01
Common stock, shares authorized
200.0M shares
200.0M shares
Common stock, shares, issued
47.0M shares
47.0M shares
Common shares, outstanding
46.1M shares
46.8M shares
Treasury stock (at cost)
871.5K shares
140.0K shares
Cash from operations10119$37.0M in 2025+1% since 2021Capital spending10119$11.2M in 2025−17% since 2021Free cash flow10119$25.8M in 2025+12% since 2021Dividends paid10119$1.9M in 2025+2% since 2021Share buybacks10119$12.4M in 2025+51% since 2021
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Net income
$30.4M
$32.2M
$37.0M
Stock-based compensation
$7.1M
$3.8M
$14.0M
Depreciation and amortization
$14.6M
$15.0M
$15.8M
Assets write-down
$34.0K
$1.1M
$1.1M
Inventory write-off and obsolescence
$2.3M
$2.9M
$1.7M
Net provision for credit losses
$3.4M
$1.2M
$179.0K
Changes in value of life insurance policies
-$1.9M
-$2.8M
-$5.0M
Deferred income taxes
$1.4M
$674.0K
-$10.8M
Insurance recovery on property, plant and equipment
-$6.8M
-$4.4M
$0
Realization of pension obligation
$337.0K
-$33.0K
-$892.0K
Other non-cash items
$682.0K
-$1.0M
$406.0K
Accounts receivable
-$5.0M
-$3.6M
-$2.6M
Inventories
$2.6M
$9.4M
-$13.0M
Prepaid expenses and other current assets
-$1.2M
-$5.7M
$2.0M
Other assets
$28.0K
-$289.0K
$1.5M
Accounts payable
$477.0K
$519.0K
-$12.9M
Accrued expenses
-$2.7M
$2.5M
-$375.0K
Unearned revenues
-$3.8M
$4.6M
-$1.2M
Other liabilities
-$5.1M
$460.0K
-$2.2M
Net cash provided by operating activities
$37.0M
$56.4M
$24.8M
Capital expenditures - operations
-$11.2M
-$11.9M
-$10.6M
Capital expenditures - rebuilding of Aberdeen facility
-$3.4M
-$1.1M
$0
Proceeds from insurance recovery - Aberdeen facility
$10.0M
$2.1M
$0
Proceeds from sale of assets
$3.0M
$1.7M
$485.0K
Patents and other intangibles
-$150.0K
$20.0K
$67.0K
Acquisitions, net of cash acquired
-$1.2M
$0
$0
Net proceeds on life insurance policies
$778.0K
$2.8M
$3.4M
Net cash used in investing activities
-$2.2M
-$6.4M
-$6.7M
Repayment of long-term debt
-$63.0M
-$82.0M
-$211.0M
Proceeds from long-term debt
$48.0M
$44.0M
$202.0M
Debt issuance costs
-$1.7M
-$19.0K
-$1.3M
Equity related transaction costs
$0
-$756.0K
-$4.1M
Dividends paid
-$1.9M
-$1.9M
-$1.9M
Repurchase of common stock
-$12.4M
-$5.3M
-$2.2M
Other financing activities
-$254.0K
$0
-$54.0K
Net cash used in financing activities
-$31.3M
-$46.0M
-$18.4M
NET CHANGE IN CASH AND CASH EQUIVALENTS
$3.5M
$4.0M
-$308.0K
Cash payments for interest
$8.2M
$10.9M
$11.2M
Cash payments for income taxes
$18.7M
$17.6M
$14.5M
Restricted shares withheld from employees for settlement of tax liabilities
$3.1M
$0
$0
Business acquisition contingent cash consideration
$4.1M
$0
$0
Capital expenditures incurred but not paid for as of the end of the year
$1.5M
$1.7M
$963.0K
Equity related transaction costs incurred but not paid for as of the end of the year
Core Laboratories sits at the top of its group. 9 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Core Laboratories
ARIEL INVESTMENTS, LLCFiled SCHEDULE 13G/A on Core Laboratories, latest Aug 14, 2026 (5 filings since Feb 14, 2024)
Owen Oil Tools LP Subsidiary · Delaware, United States
Saybolt Nederland B.V. Subsidiary · Netherlands
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Core Laboratories reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Currently, we have over 70 offices (totaling approximately 2.9 million square feet of space) in more than 50 countries. In these locations, we lease approximately 1.4 million square feet and own approximately 1.5 million square feet. We serve our worldwide clients through five Advanced Technology Centers (“ATCs”) that are located in Aberdeen, Scotland; Abu Dhabi, United Arab Emirates; Houston, Texas; Kuala Lumpur, Malaysia; and Rotterdam, The Netherlands. The ATCs provide support for our more than 50 regional specialty centers located throughout the global energy producing provinces. In addition, our more significant manufacturing facilities are located in Frépillon, France, which is included in our Reservoir Description operating segment, Godley, Texas, Red Deer, Alberta, Canada, and Pyle, Wales, which are included in our Production Enhancement operating segment. Our facilities are adequate for our current operations; however, expansion into new facilities or the replacement or modification of existing facilities may be required to accommodate future growth.
The company’s specialties include basic rock properties, special core analysis, and PVT characterization of reservoir fluids. The company is a publicly traded company on NYSE under the symbol "CLB" and was founded in 1936. It is classified in the GCIS Sub-Industry: Oil & Gas Equipment & Services.
Oct 22, 2025Reported quarterly or annual results37
Jul 23, 2025Reported quarterly or annual results38
Apr 23, 2025Reported quarterly or annual results40
Jan 29, 2025Reported quarterly or annual results42
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
184 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 26 major events, 80 insider forms, 24 large holders, 41 other. The latest 20:
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-K filed Mar 23, 2026 (Section 12(b) of the Exchange Act).14
Risk factors and legal proceedings
The risks Core Laboratories names in Item 1A of its 10-K filed Mar 23, 2026: 28 risks under these headings, as written.14
Our forward-looking statements are based on assumptions that we believe to be reasonable but that may not prove to be accurate. All of our forward-looking information is, therefore, subject to risks and uncertainties that could cause actual results to differ materially from the results expected. All known material risks and uncertainties are discussed below.
Any cost reduction initiatives that Core Lab undertakes may not deliver the results it expects, and these actions may adversely affect its business.
Downturns in the oil and gas industry, or in the oilfield services business, or lower success rates of our clients’ exploration and drilling efforts, may have a material adverse effect on our financial condition or results of operations.
Conditions in the Middle East, including current uncertainty and instability resulting from the conflict between the United States, Israel and Iran, as well as other regional hostilities could adversely affect our business.
Changes in macro-economic factors impacting the oil and gas industry may negatively affect our ability to accurately predict client demand, which could cause us to hold excess or obsolete inventory and experience a reduction in gross margins and financial results.
We depend on the results of our international operations, which expose us to risks inherent in doing business abroad.
Our operations may be adversely affected by sanctions, export controls, and similar measures targeting Russia and other countries and territories as well as other responses to Russia’s military conflict in Ukraine.
Tariffs and other trade measures could adversely affect our business, results of operations, financial position and cash flows.
Our results of operations may be significantly affected by foreign currency exchange rate risk.
Our results of operations may be adversely affected because our efforts to comply with applicable anti-corruption laws such as the United States’ Foreign Corrupt Practices Act (the “FCPA”) and the United Kingdom’s Anti-Bribery Act (the “ABA”) could restrict our ability to do business in foreign markets relative to our competitors who are not subject to these laws.
If we are not able to develop or acquire new services or products or our services and products become technologically obsolete, our results of operations may be adversely affected.
If we are unable to obtain patents, licenses and other intellectual property rights covering our services and products, our operating results may be adversely affected.
The other 16 risks
We are subject to cyber security risks. A cyber incident could occur and result in information theft, data corruption, operational disruption and/or financial loss.
We are subject to the risk of supplier concentration.
There are risks relating to our acquisition strategy. If we are unable to successfully integrate and manage businesses that we have acquired and any businesses acquired in the future, our results of operations and financial condition could be adversely affected.
We may be unable to attract and retain skilled and technically knowledgeable employees, which could adversely affect our business.
We require a significant amount of cash to service our indebtedness, make capital expenditures, fund our working capital requirements and pay our dividend, and our ability to generate cash may depend on factors beyond our control.
We are subject to a variety of environmental and occupational safety and health laws and regulations, which may result in increased costs and significant liability to our business.
Legislative and regulatory initiatives relating to oil and gas development and the potential for related litigation could result in increased costs and additional operating restrictions or delays for our clients, which could reduce demand for our products or services.
We are subject to compliance with governmental regulations associated with climate change, energy conservation measures, or initiatives that stimulate demand for alternative forms of energy that could result in increased costs, limit the
areas in which our clients’ oil and natural gas production may occur and reduce demand for our services, which may adversely affect our business and results of operations.
Increasing attention to sustainability and corporate responsibility matters may impact our business.
We are subject to the physical effects of climate change, which may adversely affect our business and results of operations.
Provisions in our certificate of incorporation, bylaws and Delaware law may discourage a takeover attempt even if a takeover might be beneficial to our stockholders.
Our certificate of incorporation designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or agents.
Our ability to maintain effective internal controls over financial reporting may be insufficient to allow us to accurately report our financial results or prevent fraud, and this could cause our financial statements to become materially misleading and adversely affect the trading price of our common stock.
The expected benefits of the Redomestication Transaction may not be realized.
If the Redomestication Transaction does not qualify as a “reorganization” under Section 368(a) of the U.S. Internal Revenue Code of 1986, as amended, Core Lab Shareholders may be required to pay U.S. federal income taxes.
Legal proceedings
See Note 12 - Commitments and Contingencies of the Notes to the Consolidated Financial Statements.