Liberty Energy Inc. (LBRT) 10-Year Financial Performance & Capital Metrics

LBRT • • Industrial / General

EnergyOilfield ServicesPressure Pumping & Hydraulic FracturingPressure Pumping Services

AboutLiberty Energy Inc. provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies. In addition, the company owns operates two sand mines in the Permian Basin. As of December 31, 2021, it had a total of approximately 30 active frac fleets. The company offers its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin. The company was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. Liberty Energy Inc. was founded in 2011 and is headquartered in Denver, Colorado.Show more

Revenue $4.32B -9.1%
EBITDA $889M -24.6%
Net Income $316M -43.2%
EPS (Diluted) 1.87 -40.6%
Gross Margin 14.13% -31.3%
EBITDA Margin 20.61% -17.0%
Operating Margin 8.9% -44.2%
Net Margin 7.32% -37.5%
ROE 16.54% -50.4%
ROIC 12.25% -56.7%
Debt/Equity 0.27 +22.5%
Interest Coverage 11.75 -54.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 26.4%
✓Strong 5Y profit CAGR of 52.0%
✓Momentum leader: RS Rating 87 (top 13%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 16.7%
✓Share count reduced 3.9% through buybacks

✗Weaknesses

✗Thin 5Y average net margin of 1.9%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y16.74%

3Y20.43%

TTM-12.05%

Profit (Net Income) CAGR

10Y-

5Y51.96%

3Y-

TTM-47.8%

EPS CAGR

10Y-

5Y21.37%

3Y-

TTM-46.67%

ROCE

10Y Avg12.65%

5Y Avg11.7%

3Y Avg26.88%

Latest15.29%

Peer Comparison

Pressure Pumping Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NESRNational Energy Services Reunited Corp.	1.79B	17.80	22.25	13.6%	5.53%	7.33%	6.93%	0.45
RESRPC, Inc.	1.32B	5.98	13.91	-12.52%	3.12%	4.35%	9.81%	0.03
LBRTLiberty Energy Inc.	3.11B	19.23	10.28	-9.11%	4.76%	8.99%	5.73%	0.27
ACDCProFrac Holding Corp.	748.81M	4.14	-3	-16.7%	-16.8%	-34.52%	15%	1.18
PUMPProPetro Holding Corp.	979.51M	9.42	-7.19	-11.42%	-1.31%	-2.06%	11.43%	0.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	455.4M	374.77M	1.49B	2.16B	1.99B	965.79M	2.47B	4.15B	4.75B	4.32B
Revenue Growth %	-	-0.18%	2.98%	0.45%	-0.08%	-0.51%	1.56%	0.68%	0.14%	-0.09%
Cost of Goods Sold+	429.78M	396.09M	1.23B	1.75B	1.79B	1.04B	2.51B	3.47B	3.77B	3.71B
COGS % of Revenue	0.94%	1.06%	0.82%	0.81%	0.9%	1.07%	1.02%	0.84%	0.79%	0.86%
Gross Profit+	25.63M	-21.32M	261.37M	401.27M	203.79M	-72.28M	-41.9M	677.16M	977.04M	609.61M
Gross Margin %	0.06%	-0.06%	0.18%	0.19%	0.1%	-0.07%	-0.02%	0.16%	0.21%	0.14%
Gross Profit Growth %	-	-1.83%	13.26%	0.54%	-0.49%	-1.35%	0.42%	17.16%	0.44%	-0.38%
Operating Expenses+	28.77M	35.79M	80.09M	88.95M	93.09M	71.9M	120.66M	163.03M	219.32M	225.47M
OpEx % of Revenue	0.06%	0.1%	0.05%	0.04%	0.05%	0.07%	0.05%	0.04%	0.05%	0.05%
Selling, General & Admin	28.77M	35.79M	80.09M	88.95M	93.09M	71.9M	120.66M	163.03M	219.32M	225.47M
SG&A % of Revenue	0.06%	0.1%	0.05%	0.04%	0.05%	0.07%	0.05%	0.04%	0.05%	0.05%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-3.14M	-57.11M	181.28M	312.32M	110.7M	-144.18M	-162.56M	514.13M	757.72M	384.13M
Operating Margin %	-0.01%	-0.15%	0.12%	0.14%	0.06%	-0.15%	-0.07%	0.12%	0.16%	0.09%
Operating Income Growth %	-	-17.2%	4.17%	0.72%	-0.65%	-2.3%	-0.13%	4.16%	0.47%	-0.49%
EBITDA+	33.3M	-15.74M	262.76M	437.43M	276.08M	35.91M	100.2M	837.16M	1.18B	889.18M
EBITDA Margin %	0.07%	-0.04%	0.18%	0.2%	0.14%	0.04%	0.04%	0.2%	0.25%	0.21%
EBITDA Growth %	-	-1.47%	17.69%	0.66%	-0.37%	-0.87%	1.79%	7.35%	0.41%	-0.25%
D&A (Non-Cash Add-back)	36.44M	41.36M	81.47M	125.11M	165.38M	180.08M	262.76M	323.03M	421.51M	505.05M
EBIT	-3.56M	-54.43M	181.19M	306.94M	106.4M	-176.76M	-162.19M	422.22M	764.38M	435.96M
Net Interest Income+	-5.5M	-6.13M	-12.64M	-17.14M	-14.68M	-14.51M	-15.6M	-22.71M	-27.51M	-32.21M
Interest Income	0	0	0	0	2.8M	263K	0	0	1.99M	478K
Interest Expense	5.5M	6.13M	12.64M	17.14M	17.48M	14.77M	15.6M	22.71M	29.49M	32.69M
Other Income/Expense	-5.92M	-3.45M	-12.78M	-22.9M	-21.78M	-47.35M	-15.23M	-114.62M	-22.83M	19.14M
Pretax Income+	-9.06M	-60.56M	168.5M	289.42M	88.92M	-191.53M	-177.79M	399.51M	734.89M	403.27M
Pretax Margin %	-0.02%	-0.16%	0.11%	0.13%	0.04%	-0.2%	-0.07%	0.1%	0.15%	0.09%
Income Tax+	0	0	0	40.38M	14.05M	-30.86M	9.22M	-793K	178.48M	87.26M
Effective Tax Rate %	1%	-	-	0.44%	0.44%	0.6%	1.01%	1%	0.76%	0.78%
Net Income+	-9.06M	0	0	126.35M	39M	-115.58M	-179.24M	399.6M	556.32M	316.01M
Net Margin %	-0.02%	-	-	0.06%	0.02%	-0.12%	-0.07%	0.1%	0.12%	0.07%
Net Income Growth %	-	1%	-	-	-0.69%	-3.96%	-0.55%	3.23%	0.39%	-0.43%
Net Income (Continuing)	-9.06M	-60.56M	168.5M	249.03M	74.86M	-160.67M	-187M	400.3M	556.41M	316.01M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	307.75M	226.66M	159.41M	17.2M	2.29M	0	0
EPS (Diluted)+	-0.08	-0.51	3.00	1.07	0.71	-1.36	-1.03	2.11	3.15	1.87
EPS Growth %	-	-5.65%	6.88%	-0.64%	-0.34%	-2.92%	0.24%	3.05%	0.49%	-0.41%
EPS (Basic)	-0.13	-0.89	3.00	1.85	1.03	-1.36	-1.03	2.17	3.24	1.91
Diluted Shares Outstanding	118.2M	56.09M	68.98M	117.84M	105.26M	85.24M	174.02M	189.35M	176.36M	169.4M
Basic Shares Outstanding	67.79M	67.79M	68.98M	68.15M	72.33M	85.24M	174.02M	184.33M	171.84M	165.03M
Dividend Payout Ratio	-	-	-	0.05%	0.38%	-	-	0.02%	0.07%	0.15%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	107.18M	174.09M	352.03M	461.22M	488.97M	567.13M	630.38M	956.67M	954.25M	848.52M
Cash & Short-Term Investments	-5.64M	11.48M	16.32M	103.31M	112.69M	68.98M	20M	43.68M	36.78M	19.98M
Cash Only	-5.64M	11.48M	16.32M	103.31M	112.69M	68.98M	20M	43.68M	36.78M	19.98M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	87.81M	128.56M	258.79M	247.96M	252.91M	338.66M	407.45M	586.01M	587.47M	539.86M
Days Sales Outstanding	70.38	125.21	63.4	42	46.38	127.99	60.19	51.55	45.16	45.66
Inventory	16.46M	28.14M	55.52M	60.02M	88.55M	118.57M	134.59M	214.45M	205.87M	203.47M
Days Inventory Outstanding	13.98	25.93	16.5	12.49	18.09	41.69	19.55	22.54	19.93	20.04
Other Current Assets	0	0	0	0	0	0	0	112.53M	124.14M	85.21M
Total Non-Current Assets+	189.79M	277.75M	500.07M	655.28M	794.46M	1.32B	1.41B	1.62B	2.08B	2.45B
Property, Plant & Equipment	189.79M	277.36M	494.78M	627.05M	760.12M	1.24B	1.33B	1.5B	1.92B	2.25B
Fixed Asset Turnover	2.40x	1.35x	3.01x	3.44x	2.62x	0.78x	1.86x	2.76x	2.47x	1.92x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	54M	7.1M	0	0	0
Long-Term Investments	0	0	0	0	0	-54M	-7.1M	0	31.65M	81.04M
Other Non-Current Assets	0	399K	5.3M	28.23M	-25.65M	81.89M	82.29M	105.3M	127.33M	119.4M
Total Assets+	296.97M	451.85M	852.1M	1.12B	1.28B	1.89B	2.04B	2.58B	3.03B	3.3B
Asset Turnover	1.53x	0.83x	1.75x	1.93x	1.55x	0.51x	1.21x	1.61x	1.57x	1.31x
Asset Growth %	-	0.52%	0.89%	0.31%	0.15%	0.47%	0.08%	0.26%	0.18%	0.09%
Total Current Liabilities+	75.48M	131.79M	220.5M	219.74M	266.5M	356.15M	569.25M	649.5M	639.42M	666.52M
Accounts Payable	28.6M	42.86M	66.85M	80.49M	117.61M	193.34M	288.8M	326.82M	293.73M	314.12M
Days Payables Outstanding	24.29	39.5	19.86	16.75	24.03	67.98	41.95	34.36	28.43	30.94
Short-Term Debt	22.79M	12.85M	11K	385K	39.93M	44.42M	40.78M	39.71M	67.39M	95.22M
Deferred Revenue (Current)	0	0	1000K	0	0	0	1000K	1000K	0	0
Other Current Liabilities	18.5M	72.19M	119.43M	116.07M	78.82M	90.14M	174.61M	192.15M	165.94M	170.74M
Current Ratio	1.42x	1.32x	1.60x	2.10x	1.83x	1.59x	1.11x	1.47x	1.49x	1.27x
Quick Ratio	1.20x	1.11x	1.34x	1.83x	1.50x	1.26x	0.87x	1.14x	1.17x	0.97x
Cash Conversion Cycle	60.07	111.64	60.04	37.74	40.44	101.7	37.79	39.74	36.66	34.76
Total Non-Current Liabilities+	87.44M	91.08M	196.35M	155.95M	295.43M	223.75M	240.97M	429.13M	552.72M	651M
Long-Term Debt	87.32M	91.08M	196.35M	106.14M	105.73M	105.41M	121.44M	217.43M	140M	190.5M
Capital Lease Obligations	119K	0	0	0	61.57M	61.75M	81.41M	91.78M	197.91M	247.89M
Deferred Tax Liabilities	0	0	0	32.99M	79.64M	0	563K	1.04M	102.34M	137.73M
Other Non-Current Liabilities	0	0	0	16.82M	48.48M	56.59M	37.55M	118.87M	112.47M	74.89M
Total Liabilities	162.92M	222.87M	416.85M	375.69M	561.92M	579.9M	810.22M	1.08B	1.19B	1.32B
Total Debt+	110.23M	103.92M	196.36M	106.52M	207.23M	211.58M	243.63M	348.92M	405.31M	533.61M
Net Debt	115.88M	92.44M	180.04M	3.21M	94.54M	142.61M	223.64M	305.24M	368.52M	513.62M
Debt / Equity	0.82x	0.45x	0.45x	0.14x	0.27x	0.16x	0.20x	0.23x	0.22x	0.27x
Debt / EBITDA	3.31x	-	0.75x	0.24x	0.75x	5.89x	2.43x	0.42x	0.34x	0.60x
Net Debt / EBITDA	3.48x	-	0.69x	0.01x	0.34x	3.97x	2.23x	0.36x	0.31x	0.58x
Interest Coverage	-0.57x	-9.32x	14.35x	18.22x	6.33x	-9.76x	-10.42x	22.63x	25.69x	11.75x
Total Equity+	134.05M	228.97M	435.25M	740.81M	781.49M	1.31B	1.23B	1.5B	1.84B	1.98B
Equity Growth %	-	0.71%	0.9%	0.7%	0.05%	0.68%	-0.06%	0.22%	0.23%	0.07%
Book Value per Share	1.13	4.08	6.31	6.29	7.42	15.37	7.07	7.91	10.44	11.68
Total Shareholders' Equity	134.05M	228.97M	435.25M	433.07M	554.83M	1.15B	1.21B	1.5B	1.84B	1.98B
Common Stock	134.05M	228.97M	392.77M	1.14M	1.13M	1.79M	1.86M	1.79M	1.67M	1.62M
Retained Earnings	0	0	0	119.27M	143.1M	23.29M	-155.95M	234.53M	752.33M	1.02B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	-306K	-7.4M	-6.08M	-19.75M
Minority Interest	0	0	0	307.75M	226.66M	159.41M	17.2M	2.29M	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.12M	-40.71M	195.11M	351.26M	261.1M	85.36M	135.47M	530.36M	1.01B	829.37M
Operating CF Margin %	0.01%	-0.11%	0.13%	0.16%	0.13%	0.09%	0.05%	0.13%	0.21%	0.19%
Operating CF Growth %	-	-7.65%	5.79%	0.8%	-0.26%	-0.67%	0.59%	2.92%	0.91%	-0.18%
Net Income	-9.06M	-60.56M	168.5M	126.35M	39M	-115.58M	-179.24M	399.6M	556.32M	316.01M
Depreciation & Amortization	36.44M	41.36M	81.47M	125.11M	168.57M	183.75M	266.58M	326.76M	421.51M	505.05M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	20.49M	23.41M	-25.55M	5.08M	-12.47M	120.31M	33.84M
Other Non-Cash Items	12.87M	-2.04M	2.72M	131.21M	57.14M	-19.69M	-3.29M	97.12M	31.42M	-14.8M
Working Capital Changes	-34.13M	-19.47M	-57.58M	-51.9M	-27.02M	62.43M	46.34M	-280.65M	-114.98M	-10.73M
Change in Receivables	9.29M	-42.97M	-130.23M	11.98M	-6M	62.69M	-90.14M	-192.13M	-243K	59.46M
Change in Inventory	3.73M	-11.69M	-27.64M	-4.61M	-30.48M	2.14M	-24.61M	-84.99M	-114K	66K
Change in Payables	-47.04M	38.57M	112.9M	-26.5M	21.39M	-15.28M	164.46M	55.93M	-45.13M	-40.74M
Cash from Investing+	-38.49M	-96.35M	-310.04M	-255.49M	-194.35M	-100.27M	-186.49M	-450.66M	-672.33M	-643.11M
Capital Expenditures	-38.49M	-102.43M	-311.79M	-258.83M	-195.17M	-103.64M	-198.79M	-459.32M	-603.3M	-651.03M
CapEx % of Revenue	0.08%	0.27%	0.21%	0.12%	0.1%	0.11%	0.08%	0.11%	0.13%	0.15%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	6.08M	1.75M	3.34M	0	0	25.41M	23.66M	26.91M	23.98M
Cash from Financing+	21.48M	148.54M	119.77M	-8.78M	-57.38M	-28.87M	2.06M	-55.77M	-349.31M	-202.71M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-6.91M	-14.78M	-4.43M	-168K	-9.16M	-37.68M	-48.31M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-50K	-413K	86.57M	-32.2M	-10.31M	-9.38M	-3.08M	120K	-11.2M	-25.34M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-32.37M	-143.14M	-116.69M	92.42M	65.93M	-18.21M	-63.33M	71.04M	411.29M	178.34M
FCF Margin %	-0.07%	-0.38%	-0.08%	0.04%	0.03%	-0.02%	-0.03%	0.02%	0.09%	0.04%
FCF Growth %	-	-3.42%	0.18%	1.79%	-0.29%	-1.28%	-2.48%	2.12%	4.79%	-0.57%
FCF per Share	-0.27	-2.55	-1.69	0.78	0.63	-0.21	-0.36	0.38	2.33	1.05
FCF Conversion (FCF/Net Income)	-0.68x	-	-	2.78x	6.69x	-0.74x	-0.76x	1.33x	1.82x	2.62x
Interest Paid	0	0	0	13.96M	12.64M	0	0	20.31M	26.65M	33.08M
Taxes Paid	0	0	0	27.26M	1.04M	0	0	10.74M	66.69M	35.86M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-6.76%	-	-	21.49%	5.12%	-11.05%	-14.11%	29.3%	33.33%	16.54%
Return on Invested Capital (ROIC)	-	-14.99%	29.03%	34.46%	10.25%	-9.29%	-8.39%	23.68%	28.33%	12.25%
Gross Margin	5.63%	-5.69%	17.54%	18.62%	10.24%	-7.48%	-1.7%	16.32%	20.58%	14.13%
Net Margin	-1.99%	-	-	5.86%	1.96%	-11.97%	-7.25%	9.63%	11.72%	7.32%
Debt / Equity	0.82x	0.45x	0.45x	0.14x	0.27x	0.16x	0.20x	0.23x	0.22x	0.27x
Interest Coverage	-0.57x	-9.32x	14.35x	18.22x	6.33x	-9.76x	-10.42x	22.63x	25.69x	11.75x
FCF Conversion	-0.68x	-	-	2.78x	6.69x	-0.74x	-0.76x	1.33x	1.82x	2.62x
Revenue Growth	-	-17.71%	297.54%	44.65%	-7.65%	-51.48%	155.83%	67.93%	14.43%	-9.11%

Revenue by Segment

	2024
Service, Other	500K
Service, Other Growth	-

Frequently Asked Questions

Valuation & Price

Liberty Energy Inc. (LBRT) has a price-to-earnings (P/E) ratio of 10.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Liberty Energy Inc. (LBRT) reported $3.91B in revenue for fiscal year 2024. This represents a 759% increase from $455.4M in 2015.

Liberty Energy Inc. (LBRT) saw revenue decline by 9.1% over the past year.

Yes, Liberty Energy Inc. (LBRT) is profitable, generating $186.1M in net income for fiscal year 2024 (7.3% net margin).

Dividend & Returns

Yes, Liberty Energy Inc. (LBRT) pays a dividend with a yield of 1.48%. This makes it attractive for income-focused investors.

Liberty Energy Inc. (LBRT) has a return on equity (ROE) of 16.5%. This is reasonable for most industries.

Liberty Energy Inc. (LBRT) had negative free cash flow of $2.1M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

...

Liberty Energy Inc. (LBRT) 10-Year Financial Performance & Capital Metrics

LBRT • • Industrial / General

EnergyOilfield ServicesPressure Pumping & Hydraulic FracturingPressure Pumping Services

Revenue $4.32B -9.1%
EBITDA $889M -24.6%
Net Income $316M -43.2%
EPS (Diluted) 1.87 -40.6%
Gross Margin 14.13% -31.3%
EBITDA Margin 20.61% -17.0%
Operating Margin 8.9% -44.2%
Net Margin 7.32% -37.5%
ROE 16.54% -50.4%
ROIC 12.25% -56.7%
Debt/Equity 0.27 +22.5%
Interest Coverage 11.75 -54.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 26.4%
✓Strong 5Y profit CAGR of 52.0%
✓Momentum leader: RS Rating 87 (top 13%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 16.7%
✓Share count reduced 3.9% through buybacks

✗Weaknesses

✗Thin 5Y average net margin of 1.9%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y16.74%

3Y20.43%

TTM-12.05%

Profit (Net Income) CAGR

10Y-

5Y51.96%

3Y-

TTM-47.8%

EPS CAGR

10Y-

5Y21.37%

3Y-

TTM-46.67%

ROCE

10Y Avg12.65%

5Y Avg11.7%

3Y Avg26.88%

Latest15.29%

Peer Comparison

Pressure Pumping Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NESRNational Energy Services Reunited Corp.	1.79B	17.80	22.25	13.6%	5.53%	7.33%	6.93%	0.45
RESRPC, Inc.	1.32B	5.98	13.91	-12.52%	3.12%	4.35%	9.81%	0.03
LBRTLiberty Energy Inc.	3.11B	19.23	10.28	-9.11%	4.76%	8.99%	5.73%	0.27
ACDCProFrac Holding Corp.	748.81M	4.14	-3	-16.7%	-16.8%	-34.52%	15%	1.18
PUMPProPetro Holding Corp.	979.51M	9.42	-7.19	-11.42%	-1.31%	-2.06%	11.43%	0.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	455.4M	374.77M	1.49B	2.16B	1.99B	965.79M	2.47B	4.15B	4.75B	4.32B
Revenue Growth %	-	-0.18%	2.98%	0.45%	-0.08%	-0.51%	1.56%	0.68%	0.14%	-0.09%
Cost of Goods Sold+	429.78M	396.09M	1.23B	1.75B	1.79B	1.04B	2.51B	3.47B	3.77B	3.71B
COGS % of Revenue	0.94%	1.06%	0.82%	0.81%	0.9%	1.07%	1.02%	0.84%	0.79%	0.86%
Gross Profit+	25.63M	-21.32M	261.37M	401.27M	203.79M	-72.28M	-41.9M	677.16M	977.04M	609.61M
Gross Margin %	0.06%	-0.06%	0.18%	0.19%	0.1%	-0.07%	-0.02%	0.16%	0.21%	0.14%
Gross Profit Growth %	-	-1.83%	13.26%	0.54%	-0.49%	-1.35%	0.42%	17.16%	0.44%	-0.38%
Operating Expenses+	28.77M	35.79M	80.09M	88.95M	93.09M	71.9M	120.66M	163.03M	219.32M	225.47M
OpEx % of Revenue	0.06%	0.1%	0.05%	0.04%	0.05%	0.07%	0.05%	0.04%	0.05%	0.05%
Selling, General & Admin	28.77M	35.79M	80.09M	88.95M	93.09M	71.9M	120.66M	163.03M	219.32M	225.47M
SG&A % of Revenue	0.06%	0.1%	0.05%	0.04%	0.05%	0.07%	0.05%	0.04%	0.05%	0.05%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-3.14M	-57.11M	181.28M	312.32M	110.7M	-144.18M	-162.56M	514.13M	757.72M	384.13M
Operating Margin %	-0.01%	-0.15%	0.12%	0.14%	0.06%	-0.15%	-0.07%	0.12%	0.16%	0.09%
Operating Income Growth %	-	-17.2%	4.17%	0.72%	-0.65%	-2.3%	-0.13%	4.16%	0.47%	-0.49%
EBITDA+	33.3M	-15.74M	262.76M	437.43M	276.08M	35.91M	100.2M	837.16M	1.18B	889.18M
EBITDA Margin %	0.07%	-0.04%	0.18%	0.2%	0.14%	0.04%	0.04%	0.2%	0.25%	0.21%
EBITDA Growth %	-	-1.47%	17.69%	0.66%	-0.37%	-0.87%	1.79%	7.35%	0.41%	-0.25%
D&A (Non-Cash Add-back)	36.44M	41.36M	81.47M	125.11M	165.38M	180.08M	262.76M	323.03M	421.51M	505.05M
EBIT	-3.56M	-54.43M	181.19M	306.94M	106.4M	-176.76M	-162.19M	422.22M	764.38M	435.96M
Net Interest Income+	-5.5M	-6.13M	-12.64M	-17.14M	-14.68M	-14.51M	-15.6M	-22.71M	-27.51M	-32.21M
Interest Income	0	0	0	0	2.8M	263K	0	0	1.99M	478K
Interest Expense	5.5M	6.13M	12.64M	17.14M	17.48M	14.77M	15.6M	22.71M	29.49M	32.69M
Other Income/Expense	-5.92M	-3.45M	-12.78M	-22.9M	-21.78M	-47.35M	-15.23M	-114.62M	-22.83M	19.14M
Pretax Income+	-9.06M	-60.56M	168.5M	289.42M	88.92M	-191.53M	-177.79M	399.51M	734.89M	403.27M
Pretax Margin %	-0.02%	-0.16%	0.11%	0.13%	0.04%	-0.2%	-0.07%	0.1%	0.15%	0.09%
Income Tax+	0	0	0	40.38M	14.05M	-30.86M	9.22M	-793K	178.48M	87.26M
Effective Tax Rate %	1%	-	-	0.44%	0.44%	0.6%	1.01%	1%	0.76%	0.78%
Net Income+	-9.06M	0	0	126.35M	39M	-115.58M	-179.24M	399.6M	556.32M	316.01M
Net Margin %	-0.02%	-	-	0.06%	0.02%	-0.12%	-0.07%	0.1%	0.12%	0.07%
Net Income Growth %	-	1%	-	-	-0.69%	-3.96%	-0.55%	3.23%	0.39%	-0.43%
Net Income (Continuing)	-9.06M	-60.56M	168.5M	249.03M	74.86M	-160.67M	-187M	400.3M	556.41M	316.01M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	307.75M	226.66M	159.41M	17.2M	2.29M	0	0
EPS (Diluted)+	-0.08	-0.51	3.00	1.07	0.71	-1.36	-1.03	2.11	3.15	1.87
EPS Growth %	-	-5.65%	6.88%	-0.64%	-0.34%	-2.92%	0.24%	3.05%	0.49%	-0.41%
EPS (Basic)	-0.13	-0.89	3.00	1.85	1.03	-1.36	-1.03	2.17	3.24	1.91
Diluted Shares Outstanding	118.2M	56.09M	68.98M	117.84M	105.26M	85.24M	174.02M	189.35M	176.36M	169.4M
Basic Shares Outstanding	67.79M	67.79M	68.98M	68.15M	72.33M	85.24M	174.02M	184.33M	171.84M	165.03M
Dividend Payout Ratio	-	-	-	0.05%	0.38%	-	-	0.02%	0.07%	0.15%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	107.18M	174.09M	352.03M	461.22M	488.97M	567.13M	630.38M	956.67M	954.25M	848.52M
Cash & Short-Term Investments	-5.64M	11.48M	16.32M	103.31M	112.69M	68.98M	20M	43.68M	36.78M	19.98M
Cash Only	-5.64M	11.48M	16.32M	103.31M	112.69M	68.98M	20M	43.68M	36.78M	19.98M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	87.81M	128.56M	258.79M	247.96M	252.91M	338.66M	407.45M	586.01M	587.47M	539.86M
Days Sales Outstanding	70.38	125.21	63.4	42	46.38	127.99	60.19	51.55	45.16	45.66
Inventory	16.46M	28.14M	55.52M	60.02M	88.55M	118.57M	134.59M	214.45M	205.87M	203.47M
Days Inventory Outstanding	13.98	25.93	16.5	12.49	18.09	41.69	19.55	22.54	19.93	20.04
Other Current Assets	0	0	0	0	0	0	0	112.53M	124.14M	85.21M
Total Non-Current Assets+	189.79M	277.75M	500.07M	655.28M	794.46M	1.32B	1.41B	1.62B	2.08B	2.45B
Property, Plant & Equipment	189.79M	277.36M	494.78M	627.05M	760.12M	1.24B	1.33B	1.5B	1.92B	2.25B
Fixed Asset Turnover	2.40x	1.35x	3.01x	3.44x	2.62x	0.78x	1.86x	2.76x	2.47x	1.92x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	54M	7.1M	0	0	0
Long-Term Investments	0	0	0	0	0	-54M	-7.1M	0	31.65M	81.04M
Other Non-Current Assets	0	399K	5.3M	28.23M	-25.65M	81.89M	82.29M	105.3M	127.33M	119.4M
Total Assets+	296.97M	451.85M	852.1M	1.12B	1.28B	1.89B	2.04B	2.58B	3.03B	3.3B
Asset Turnover	1.53x	0.83x	1.75x	1.93x	1.55x	0.51x	1.21x	1.61x	1.57x	1.31x
Asset Growth %	-	0.52%	0.89%	0.31%	0.15%	0.47%	0.08%	0.26%	0.18%	0.09%
Total Current Liabilities+	75.48M	131.79M	220.5M	219.74M	266.5M	356.15M	569.25M	649.5M	639.42M	666.52M
Accounts Payable	28.6M	42.86M	66.85M	80.49M	117.61M	193.34M	288.8M	326.82M	293.73M	314.12M
Days Payables Outstanding	24.29	39.5	19.86	16.75	24.03	67.98	41.95	34.36	28.43	30.94
Short-Term Debt	22.79M	12.85M	11K	385K	39.93M	44.42M	40.78M	39.71M	67.39M	95.22M
Deferred Revenue (Current)	0	0	1000K	0	0	0	1000K	1000K	0	0
Other Current Liabilities	18.5M	72.19M	119.43M	116.07M	78.82M	90.14M	174.61M	192.15M	165.94M	170.74M
Current Ratio	1.42x	1.32x	1.60x	2.10x	1.83x	1.59x	1.11x	1.47x	1.49x	1.27x
Quick Ratio	1.20x	1.11x	1.34x	1.83x	1.50x	1.26x	0.87x	1.14x	1.17x	0.97x
Cash Conversion Cycle	60.07	111.64	60.04	37.74	40.44	101.7	37.79	39.74	36.66	34.76
Total Non-Current Liabilities+	87.44M	91.08M	196.35M	155.95M	295.43M	223.75M	240.97M	429.13M	552.72M	651M
Long-Term Debt	87.32M	91.08M	196.35M	106.14M	105.73M	105.41M	121.44M	217.43M	140M	190.5M
Capital Lease Obligations	119K	0	0	0	61.57M	61.75M	81.41M	91.78M	197.91M	247.89M
Deferred Tax Liabilities	0	0	0	32.99M	79.64M	0	563K	1.04M	102.34M	137.73M
Other Non-Current Liabilities	0	0	0	16.82M	48.48M	56.59M	37.55M	118.87M	112.47M	74.89M
Total Liabilities	162.92M	222.87M	416.85M	375.69M	561.92M	579.9M	810.22M	1.08B	1.19B	1.32B
Total Debt+	110.23M	103.92M	196.36M	106.52M	207.23M	211.58M	243.63M	348.92M	405.31M	533.61M
Net Debt	115.88M	92.44M	180.04M	3.21M	94.54M	142.61M	223.64M	305.24M	368.52M	513.62M
Debt / Equity	0.82x	0.45x	0.45x	0.14x	0.27x	0.16x	0.20x	0.23x	0.22x	0.27x
Debt / EBITDA	3.31x	-	0.75x	0.24x	0.75x	5.89x	2.43x	0.42x	0.34x	0.60x
Net Debt / EBITDA	3.48x	-	0.69x	0.01x	0.34x	3.97x	2.23x	0.36x	0.31x	0.58x
Interest Coverage	-0.57x	-9.32x	14.35x	18.22x	6.33x	-9.76x	-10.42x	22.63x	25.69x	11.75x
Total Equity+	134.05M	228.97M	435.25M	740.81M	781.49M	1.31B	1.23B	1.5B	1.84B	1.98B
Equity Growth %	-	0.71%	0.9%	0.7%	0.05%	0.68%	-0.06%	0.22%	0.23%	0.07%
Book Value per Share	1.13	4.08	6.31	6.29	7.42	15.37	7.07	7.91	10.44	11.68
Total Shareholders' Equity	134.05M	228.97M	435.25M	433.07M	554.83M	1.15B	1.21B	1.5B	1.84B	1.98B
Common Stock	134.05M	228.97M	392.77M	1.14M	1.13M	1.79M	1.86M	1.79M	1.67M	1.62M
Retained Earnings	0	0	0	119.27M	143.1M	23.29M	-155.95M	234.53M	752.33M	1.02B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	-306K	-7.4M	-6.08M	-19.75M
Minority Interest	0	0	0	307.75M	226.66M	159.41M	17.2M	2.29M	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.12M	-40.71M	195.11M	351.26M	261.1M	85.36M	135.47M	530.36M	1.01B	829.37M
Operating CF Margin %	0.01%	-0.11%	0.13%	0.16%	0.13%	0.09%	0.05%	0.13%	0.21%	0.19%
Operating CF Growth %	-	-7.65%	5.79%	0.8%	-0.26%	-0.67%	0.59%	2.92%	0.91%	-0.18%
Net Income	-9.06M	-60.56M	168.5M	126.35M	39M	-115.58M	-179.24M	399.6M	556.32M	316.01M
Depreciation & Amortization	36.44M	41.36M	81.47M	125.11M	168.57M	183.75M	266.58M	326.76M	421.51M	505.05M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	20.49M	23.41M	-25.55M	5.08M	-12.47M	120.31M	33.84M
Other Non-Cash Items	12.87M	-2.04M	2.72M	131.21M	57.14M	-19.69M	-3.29M	97.12M	31.42M	-14.8M
Working Capital Changes	-34.13M	-19.47M	-57.58M	-51.9M	-27.02M	62.43M	46.34M	-280.65M	-114.98M	-10.73M
Change in Receivables	9.29M	-42.97M	-130.23M	11.98M	-6M	62.69M	-90.14M	-192.13M	-243K	59.46M
Change in Inventory	3.73M	-11.69M	-27.64M	-4.61M	-30.48M	2.14M	-24.61M	-84.99M	-114K	66K
Change in Payables	-47.04M	38.57M	112.9M	-26.5M	21.39M	-15.28M	164.46M	55.93M	-45.13M	-40.74M
Cash from Investing+	-38.49M	-96.35M	-310.04M	-255.49M	-194.35M	-100.27M	-186.49M	-450.66M	-672.33M	-643.11M
Capital Expenditures	-38.49M	-102.43M	-311.79M	-258.83M	-195.17M	-103.64M	-198.79M	-459.32M	-603.3M	-651.03M
CapEx % of Revenue	0.08%	0.27%	0.21%	0.12%	0.1%	0.11%	0.08%	0.11%	0.13%	0.15%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	6.08M	1.75M	3.34M	0	0	25.41M	23.66M	26.91M	23.98M
Cash from Financing+	21.48M	148.54M	119.77M	-8.78M	-57.38M	-28.87M	2.06M	-55.77M	-349.31M	-202.71M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-6.91M	-14.78M	-4.43M	-168K	-9.16M	-37.68M	-48.31M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-50K	-413K	86.57M	-32.2M	-10.31M	-9.38M	-3.08M	120K	-11.2M	-25.34M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-32.37M	-143.14M	-116.69M	92.42M	65.93M	-18.21M	-63.33M	71.04M	411.29M	178.34M
FCF Margin %	-0.07%	-0.38%	-0.08%	0.04%	0.03%	-0.02%	-0.03%	0.02%	0.09%	0.04%
FCF Growth %	-	-3.42%	0.18%	1.79%	-0.29%	-1.28%	-2.48%	2.12%	4.79%	-0.57%
FCF per Share	-0.27	-2.55	-1.69	0.78	0.63	-0.21	-0.36	0.38	2.33	1.05
FCF Conversion (FCF/Net Income)	-0.68x	-	-	2.78x	6.69x	-0.74x	-0.76x	1.33x	1.82x	2.62x
Interest Paid	0	0	0	13.96M	12.64M	0	0	20.31M	26.65M	33.08M
Taxes Paid	0	0	0	27.26M	1.04M	0	0	10.74M	66.69M	35.86M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-6.76%	-	-	21.49%	5.12%	-11.05%	-14.11%	29.3%	33.33%	16.54%
Return on Invested Capital (ROIC)	-	-14.99%	29.03%	34.46%	10.25%	-9.29%	-8.39%	23.68%	28.33%	12.25%
Gross Margin	5.63%	-5.69%	17.54%	18.62%	10.24%	-7.48%	-1.7%	16.32%	20.58%	14.13%
Net Margin	-1.99%	-	-	5.86%	1.96%	-11.97%	-7.25%	9.63%	11.72%	7.32%
Debt / Equity	0.82x	0.45x	0.45x	0.14x	0.27x	0.16x	0.20x	0.23x	0.22x	0.27x
Interest Coverage	-0.57x	-9.32x	14.35x	18.22x	6.33x	-9.76x	-10.42x	22.63x	25.69x	11.75x
FCF Conversion	-0.68x	-	-	2.78x	6.69x	-0.74x	-0.76x	1.33x	1.82x	2.62x
Revenue Growth	-	-17.71%	297.54%	44.65%	-7.65%	-51.48%	155.83%	67.93%	14.43%	-9.11%

Revenue by Segment

	2024
Service, Other	500K
Service, Other Growth	-

Frequently Asked Questions

Valuation & Price

Liberty Energy Inc. (LBRT) has a price-to-earnings (P/E) ratio of 10.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Liberty Energy Inc. (LBRT) reported $3.91B in revenue for fiscal year 2024. This represents a 759% increase from $455.4M in 2015.

Liberty Energy Inc. (LBRT) saw revenue decline by 9.1% over the past year.

Yes, Liberty Energy Inc. (LBRT) is profitable, generating $186.1M in net income for fiscal year 2024 (7.3% net margin).

Dividend & Returns

Yes, Liberty Energy Inc. (LBRT) pays a dividend with a yield of 1.48%. This makes it attractive for income-focused investors.

Liberty Energy Inc. (LBRT) has a return on equity (ROE) of 16.5%. This is reasonable for most industries.

Liberty Energy Inc. (LBRT) had negative free cash flow of $2.1M in fiscal year 2024, likely due to heavy capital investments.