Liberty Energy Inc. (LBRT) Financial Ratios
11 years of historical data (2015–2025) · Energy · Oil & Gas Equipment & Services
EV/EBITDA
↓
9.03
↑+21% vs avg
5yr avg: 7.44
30Y Low3.0·High28.4
P/FCF
↑
312.27
↑+336% vs avg
5yr avg: 71.66
30Y Low7.8·High42.7
P/B Ratio
↑
2.17
↑+31% vs avg
5yr avg: 1.66
30Y Low0.7·High2.1
ROE
↑
7.3%
↑-50% vs avg
5yr avg: 14.5%
30Y Low-14%·High33%
Debt/EBITDA
↓
1.50
↑+42% vs avg
5yr avg: 1.06
30Y Low0.2·High5.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LBRT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Liberty Energy Inc. trades at 30.5x earnings, 173% above its 5-year average of 11.2x, sitting at the 100th percentile of its historical range. Compared to the Energy sector median P/E of 15.4x, the stock trades at a premium of 98%. On a free-cash-flow basis, the stock trades at 312.3x P/FCF, 336% above the 5-year average of 71.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.4B | $3.1B | $3.4B | $3.2B | $3.0B | $1.7B | $879M | $1.2B | $1.5B | — | — |
| Enterprise Value | $5.3B | $3.9B | $3.9B | $3.6B | $3.3B | $1.9B | $1.0B | $1.3B | $1.5B | — | — |
| P/E Ratio → | 30.54 | 20.74 | 10.64 | 5.76 | 7.59 | — | — | 15.66 | 12.10 | — | — |
| P/S Ratio | 1.10 | 0.77 | 0.78 | 0.67 | 0.73 | 0.68 | 0.91 | 0.59 | 0.71 | — | — |
| P/B Ratio | 2.17 | 1.47 | 1.70 | 1.74 | 2.02 | 1.37 | 0.67 | 1.50 | 2.06 | — | — |
| P/FCF | 312.27 | 217.29 | 18.89 | 7.78 | 42.67 | — | — | 17.75 | 16.51 | — | — |
| P/OCF | 7.23 | 5.03 | 4.06 | 3.15 | 5.72 | 12.46 | 10.29 | 4.48 | 4.34 | — | — |
P/E links to full P/E history page with 30-year chart
LBRT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Liberty Energy Inc.'s enterprise value stands at 9.0x EBITDA, 21% above its 5-year average of 7.4x. The Energy sector median is 7.8x, placing the stock at a 15% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.98 | 0.90 | 0.75 | 0.80 | 0.77 | 1.06 | 0.64 | 0.71 | — | — |
| EV / EBITDA | 9.03 | 6.72 | 4.37 | 3.03 | 3.99 | 19.08 | 28.45 | 4.58 | 3.50 | — | — |
| EV / EBIT | 64.59 | 16.61 | 8.91 | 4.67 | 7.90 | — | — | 11.89 | 4.98 | — | — |
| EV / FCF | — | 277.25 | 21.77 | 8.67 | 46.97 | — | — | 19.19 | 16.55 | — | — |
LBRT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Liberty Energy Inc. earns an operating margin of 2.0%, below the Energy sector average of 13.8%. Operating margins have compressed from 16.0% to 2.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 7.3% is modest. ROIC of 2.3% represents below-average returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.4% | 11.4% | 14.1% | 20.6% | 16.3% | -1.7% | -7.5% | 10.2% | 18.6% | 17.5% | -5.7% |
| Operating Margin | 2.0% | 2.0% | 8.9% | 16.0% | 12.4% | -6.6% | -14.9% | 5.6% | 14.5% | 12.2% | -15.2% |
| Net Profit Margin | 3.7% | 3.7% | 7.3% | 11.7% | 9.6% | -7.3% | -12.0% | 2.0% | 5.9% | — | — |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.3% | 7.3% | 16.5% | 33.3% | 29.3% | -14.1% | -11.1% | 5.1% | 21.5% | — | — |
| ROA | 4.3% | 4.3% | 10.0% | 19.8% | 17.3% | -9.1% | -7.3% | 3.3% | 12.8% | — | — |
| ROIC | 2.3% | 2.3% | 12.3% | 28.3% | 23.7% | -8.4% | -9.3% | 10.2% | 34.5% | 29.0% | -15.0% |
| ROCE | 3.0% | 3.0% | 15.3% | 35.1% | 30.3% | -10.8% | -11.3% | 11.6% | 40.9% | 38.1% | -21.1% |
LBRT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Liberty Energy Inc. carries a Debt/EBITDA ratio of 1.5x, which is manageable (42% below the sector average of 2.6x). Net debt stands at $846M ($873M total debt minus $28M cash). Interest coverage of 5.8x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.42 | 0.42 | 0.27 | 0.22 | 0.23 | 0.20 | 0.16 | 0.27 | 0.14 | 0.45 | 0.45 |
| Debt / EBITDA | 1.50 | 1.50 | 0.60 | 0.34 | 0.42 | 2.43 | 5.89 | 0.75 | 0.24 | 0.75 | — |
| Net Debt / Equity | — | 0.41 | 0.26 | 0.20 | 0.20 | 0.18 | 0.11 | 0.12 | 0.00 | 0.41 | 0.40 |
| Net Debt / EBITDA | 1.45 | 1.45 | 0.58 | 0.31 | 0.36 | 2.23 | 3.97 | 0.34 | 0.01 | 0.69 | — |
| Debt / FCF | — | 59.97 | 2.88 | 0.90 | 4.30 | — | — | 1.43 | 0.03 | — | — |
| Interest Coverage | 5.84 | 5.84 | 13.34 | 25.92 | 18.59 | -10.39 | -11.97 | 6.09 | 17.90 | 14.34 | -8.89 |
LBRT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.22x means Liberty Energy Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.49x to 1.22x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.22 | 1.22 | 1.27 | 1.49 | 1.47 | 1.11 | 1.59 | 1.83 | 2.10 | 1.60 | 1.32 |
| Quick Ratio | 0.96 | 0.96 | 0.97 | 1.17 | 1.14 | 0.87 | 1.26 | 1.50 | 1.83 | 1.34 | 1.11 |
| Cash Ratio | 0.04 | 0.04 | 0.03 | 0.06 | 0.07 | 0.04 | 0.19 | 0.42 | 0.47 | 0.07 | 0.09 |
| Asset Turnover | — | 1.13 | 1.31 | 1.57 | 1.61 | 1.21 | 0.51 | 1.55 | 1.93 | 1.75 | 0.83 |
| Inventory Turnover | 18.86 | 18.86 | 18.21 | 18.32 | 16.19 | 18.67 | 8.76 | 20.18 | 29.22 | 22.13 | 14.07 |
| Days Sales Outstanding | — | 55.16 | 45.66 | 45.16 | 51.55 | 60.19 | 127.99 | 46.38 | 42.00 | 63.40 | 125.21 |
LBRT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Liberty Energy Inc. returns 1.8% to shareholders annually — split between a 1.2% dividend yield and 0.6% buyback yield. The payout ratio of 36.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.2% | 1.8% | 1.4% | 1.2% | 0.3% | 0.0% | 0.5% | 1.3% | 0.5% | — | — |
| Payout Ratio | 36.8% | 36.8% | 15.3% | 6.8% | 2.3% | — | — | 37.9% | 5.5% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 4.8% | 9.4% | 17.4% | 13.2% | — | — | 6.4% | 8.3% | — | — |
| FCF Yield | 0.3% | 0.5% | 5.3% | 12.9% | 2.3% | — | — | 5.6% | 6.1% | — | — |
| Buyback Yield | 0.6% | 0.8% | 3.8% | 6.3% | 4.1% | 0.2% | 0.0% | 1.6% | 7.1% | — | — |
| Total Shareholder Yield | 1.8% | 2.6% | 5.3% | 7.5% | 4.4% | 0.2% | 0.5% | 2.8% | 7.6% | — | — |
| Shares Outstanding | — | $166M | $169M | $176M | $189M | $174M | $85M | $105M | $118M | $69M | $56M |
Peer Comparison
Compare LBRT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LBRTYou | $4B | 30.5 | 9.0 | 312.3 | 11.4% | 2.0% | 7.3% | 2.3% | 1.5 |
 PUMP | $2B | 1891.0 | 10.2 | 42.6 | 9.9% | 1.5% | 0.1% | 1.4% | 1.3 |
 ACDC | $1B | -2.6 | 7.8 | 56.0 | 3.7% | -6.9% | -37.7% | -4.6% | 4.0 |
 RES | $1B | 43.9 | 6.2 | 27.6 | 14.3% | 3.5% | 2.9% | 4.8% | 0.4 |
 WTTR | $2B | 88.5 | 11.2 | — | 14.0% | 2.5% | 2.3% | 2.3% | 1.8 |
 SLB | $72B | 20.5 | 11.1 | 15.1 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 HAL | $29B | 23.3 | 10.3 | 17.4 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 BKR | $58B | 22.5 | 12.9 | 22.8 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 |
 NINE | $487M | -9.0 | 17.0 | — | 10.7% | 0.1% | — | 0.1% | 7.7 |
 KLXE | $46M | -0.6 | 5.5 | — | 6.3% | -4.8% | — | -9.4% | 4.9 |
 USAC | $3B | 29.5 | 9.2 | 10.9 | 38.5% | 31.9% | — | 9.6% | 4.2 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 11 years · Updated daily
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LBRT — Frequently Asked Questions
Quick answers to the most common questions about buying LBRT stock.
What is Liberty Energy Inc.'s P/E ratio?
Liberty Energy Inc.'s current P/E ratio is 30.5x. The historical average is 12.1x. This places it at the 100th percentile of its historical range.
What is Liberty Energy Inc.'s EV/EBITDA?
Liberty Energy Inc.'s current EV/EBITDA is 9.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.2x.
What is Liberty Energy Inc.'s ROE?
Liberty Energy Inc.'s return on equity (ROE) is 7.3%. The historical average is 9.0%.
Is LBRT stock overvalued?
Based on historical data, Liberty Energy Inc. is trading at a P/E of 30.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Liberty Energy Inc.'s dividend yield?
Liberty Energy Inc.'s current dividend yield is 1.21% with a payout ratio of 36.8%.
What are Liberty Energy Inc.'s profit margins?
Liberty Energy Inc. has 11.4% gross margin and 2.0% operating margin.
How much debt does Liberty Energy Inc. have?
Liberty Energy Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.