LBRT · Liberty Energy Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.01B | $4.32B | $4.75B | $4.15B | $2.47B | $965.79M |
| Cost of Revenue | $3.17B | $3.20B | $3.35B | $3.15B | $2.25B | $857.98M |
| Gross Profit | $838.01M | $1.11B | $1.40B | $1.00B | $220.86M | $107.81M |
| R&D | - | - | - | - | - | - |
| SG&A | $247.44M | $225.47M | $221.41M | $180.04M | $123.41M | $84.10M |
| Total Operating Expenses | $3.93B | $3.93B | $3.99B | $3.65B | $2.65B | $1.14B |
| D&A | $500.33M | $505.05M | $421.51M | $323.03M | $262.76M | $180.08M |
| Operating Income | $72.71M | $389.47M | $760.58M | $495.89M | ($181.22M) | ($177.03M) |
| Interest Expense | $40.31M | $32.69M | - | - | - | $14.51M |
| Income Tax | $47.32M | $87.26M | $178.48M | ($793.0K) | $9.22M | ($30.86M) |
| Net Income | $147.87M | $316.01M | $556.32M | $399.60M | ($179.24M) | ($115.58M) |
| EPS - Basic | $0.91 | $1.91 | $3.24 | $2.17 | ($1.03) | ($1.36) |
| EPS - Diluted | $0.89 | $1.87 | $3.15 | $2.11 | ($1.03) | ($1.36) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $27.55M | $19.98M | $36.78M | $43.68M | $20.00M | $68.98M |
| Accounts Receivable | - | - | - | $410.31M | $298.53M | $244.43M |
| Inventory | $188.13M | $203.47M | $205.87M | $214.45M | $134.59M | $118.57M |
| Accounts Payable | $358.62M | $314.12M | $293.73M | $326.82M | $288.80M | $193.34M |
| Current Assets | $877.97M | $848.52M | $954.25M | $956.67M | $630.38M | $567.13M |
| Total Assets | $3.56B | $3.30B | $3.03B | $2.58B | $2.04B | $1.89B |
| Current Liabilities | $720.35M | $666.52M | $639.42M | $649.50M | $569.25M | $356.15M |
| Long-term Debt | $241.51M | $190.50M | $140.00M | $217.43M | $121.44M | $105.41M |
| Total Liabilities | $1.48B | $1.32B | $1.19B | $1.08B | $810.22M | $579.90M |
| Stockholders' Equity | $2.08B | $1.98B | $1.84B | $1.50B | $1.21B | $1.15B |
| Retained Earnings | $1.11B | $1.02B | $752.33M | $234.53M | ($155.95M) | $23.29M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $609.60M | $829.37M | $1.01B | $530.36M | $135.47M | $85.42M |
| Investing Cash Flow | ($435.04M) | ($643.11M) | ($672.33M) | ($450.66M) | ($186.49M) | ($100.27M) |
| Financing Cash Flow | ($167.54M) | ($202.71M) | ($349.31M) | ($55.77M) | $2.06M | ($28.87M) |
| CapEx | $595.49M | $651.03M | $603.30M | $451.90M | $198.79M | $103.64M |
| Free Cash Flow | $14.11M | $178.34M | $411.29M | $78.46M | ($63.33M) | ($18.21M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 20.9% | 25.8% | 29.5% | 24.1% | 8.9% | 11.2% |
| Operating margin | 1.8% | 9.0% | 16.0% | 12.0% | -7.3% | -18.3% |
| EBITDA margin | 14.3% | 20.7% | 24.9% | 19.7% | 3.3% | 0.3% |
| Net margin | 3.7% | 7.3% | 11.7% | 9.6% | -7.3% | -12.0% |
| Free cash flow margin | 0.4% | 4.1% | 8.7% | 1.9% | -2.6% | -1.9% |
| FCF / Net income | 0.10 | 0.56 | 0.74 | 0.20 | 0.35 | 0.16 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 6.2% | 5.2% | 4.7% | 4.3% | 5.0% | 8.7% |
| Effective tax rate | 24.2% | 21.6% | 24.3% | -0.2% | - | - |
| Return on assets | 4.2% | 9.6% | 18.3% | 15.5% | -8.8% | -6.1% |
| Return on equity | 7.1% | 16.0% | 30.2% | 26.7% | -14.8% | -10.0% |
| Return on invested capital | 2.4% | 14.1% | 29.1% | 29.0% | -10.7% | -11.1% |
| Liquidity | ||||||
| Current ratio | 1.22 | 1.27 | 1.49 | 1.47 | 1.11 | 1.59 |
| Quick ratio | 0.96 | 0.97 | 1.17 | 1.14 | 0.87 | 1.26 |
| Cash ratio | 0.04 | 0.03 | 0.06 | 0.07 | 0.04 | 0.19 |
| Leverage | ||||||
| Debt / Equity | 0.12 | 0.10 | 0.08 | 0.15 | 0.10 | 0.09 |
| Debt / Assets | 0.07 | 0.06 | 0.05 | 0.08 | 0.06 | 0.06 |
| Debt / EBITDA | 0.42 | 0.21 | 0.12 | 0.27 | 1.49 | 34.47 |
| Interest coverage | 1.8x | 11.9x | - | - | - | -12.2x |
| Equity multiplier | 1.71 | 1.67 | 1.65 | 1.72 | 1.68 | 1.64 |
| Liabilities / Assets | 0.42 | 0.40 | 0.39 | 0.42 | 0.40 | 0.31 |
| Efficiency | ||||||
| Asset turnover | 1.13 | 1.31 | 1.57 | 1.61 | 1.21 | 0.51 |
| Inventory turnover | 16.84 | 15.73 | 16.27 | 14.68 | 16.72 | 7.24 |
| Days sales outstanding | - | - | - | 36d | 44d | 92d |
| Days inventory outstanding | 22d | 23d | 22d | 25d | 22d | 50d |
| Days payable outstanding | 41d | 36d | 32d | 38d | 47d | 82d |
| Cash conversion cycle | - | - | - | 23d | 19d | 61d |
| Valuation | ||||||
| P / E | 20.7x | 10.6x | 5.8x | 7.6x | - | - |
| P / B | 1.5x | 1.7x | 1.7x | 2.0x | 1.4x | 0.8x |
| P / S | 0.8x | 0.8x | 0.7x | 0.7x | 0.7x | 0.9x |
| EV / EBITDA | 5.7x | 4.0x | 2.8x | 3.9x | 21.9x | 299.3x |
| Growth | ||||||
| Revenue growth (YoY) | -7.2% | -9.1% | 14.4% | 67.9% | 155.8% | -51.5% |
| Revenue CAGR (3y) | -1.2% | 20.4% | 70.0% | 27.7% | 87.5% | - |
| Revenue CAGR (5y) | 32.9% | 16.7% | 66.2% | - | - | - |
| Gross profit growth (YoY) | -24.8% | -20.3% | 39.8% | 352.9% | 104.9% | -70.8% |
| Operating income growth (YoY) | -81.3% | -48.8% | 53.4% | - | -2.4% | - |
| Net income growth (YoY) | -53.2% | -43.2% | 39.2% | - | -55.1% | - |
| EPS growth (YoY) | -52.4% | -40.6% | 49.3% | - | 24.3% | - |
| EPS CAGR (3y) | -25.0% | - | - | 58.5% | - | - |
| EPS CAGR (5y) | - | 28.7% | 11.7% | - | - | - |
| FCF growth (YoY) | -92.1% | -56.6% | 424.2% | - | -247.7% | - |
| FCF CAGR (5y) | - | 22.0% | - | - | - | - |
| Book value growth (YoY) | 5.1% | 7.5% | 23.2% | 23.2% | 5.4% | 107.4% |
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.07
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Oil & Gas Field Services, NEC
Comparing Liberty Energy Inc. against the 5 most active filers in the same SIC group.
Dividends
$0.34/share trailing 12 months · +13.3% YoY
| Ex-date | Per share |
|---|---|
| Mar 4, 2026 | $0.0900 |
| Dec 4, 2025 | $0.0900 |
| Sep 4, 2025 | $0.0800 |
| Jun 6, 2025 | $0.0800 |
| Mar 6, 2025 | $0.0800 |
| Dec 6, 2024 | $0.0800 |
| Sep 6, 2024 | $0.0700 |
| Jun 6, 2024 | $0.0700 |
| Mar 5, 2024 | $0.0700 |
| Dec 5, 2023 | $0.0700 |
| Sep 5, 2023 | $0.0500 |
| Jun 5, 2023 | $0.0500 |
| Mar 3, 2023 | $0.0500 |
| Dec 5, 2022 | $0.0500 |
| Mar 5, 2020 | $0.0500 |
| Dec 5, 2019 | $0.0500 |
| Sep 5, 2019 | $0.0500 |
| Jun 5, 2019 | $0.0500 |
| Mar 5, 2019 | $0.0500 |
| Dec 6, 2018 | $0.0500 |
| Sep 5, 2018 | $0.0500 |