Last 40 quarters of trend data · Energy · Oil & Gas Equipment & Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Liberty Energy Inc.'s quarterly P/E stands at 51.4x, up 55.9% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 78.8% YoY to 9.4x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 30.54 | 51.43 | 55.94 | 11.87 | 6.67 | 32.98 | 16.04 | 10.85 | 8.16 | 10.79 | 8.40 | 5.45 | 3.84 |
| — | +55.9% | +248.7% | +9.4% | -18.2% | +205.6% | +91.0% | +99.1% | +112.4% | +203.3% | +72.1% | +32.3% | -33.8% | |
| P/S Ratio | 1.10 | 1.17 | 0.74 | 0.54 | 0.45 | 0.67 | 0.88 | 0.71 | 0.76 | 0.83 | 0.73 | 0.66 | 0.49 |
| — | +74.6% | -16.3% | -23.9% | -40.8% | -18.9% | +20.9% | +6.7% | +55.0% | +80.1% | +20.0% | +30.8% | -23.5% | |
| P/B Ratio | 2.17 | 2.46 | 1.47 | 0.98 | 0.93 | 1.33 | 1.68 | 1.63 | 1.83 | 1.89 | 1.70 | 1.80 | 1.41 |
| — | +84.9% | -12.3% | -39.8% | -49.4% | -29.5% | -1.2% | -9.3% | +30.0% | +29.2% | -14.4% | +5.3% | -23.0% | |
| P/FCF | 312.27 | — | — | — | 14.25 | 11.28 | — | 10.33 | 7.90 | 61.63 | 5.00 | 7.86 | 7.24 |
| — | — | — | — | +80.5% | -81.7% | — | +31.4% | +9.0% | +652.4% | -29.2% | -28.5% | — | |
| EV / EBITDA | 9.03 | 9.42 | 6.98 | 5.55 | 3.46 | 5.27 | 6.59 | 3.82 | 3.74 | 4.19 | 3.61 | 2.93 | 2.27 |
| — | +78.8% | +5.9% | +45.1% | -7.4% | +25.9% | +82.5% | +30.5% | +64.8% | +105.0% | +33.2% | +11.7% | -38.8% | |
| EV / EBIT | 64.59 | 294.87 | 36.50 | 10.05 | 5.66 | 21.11 | 14.44 | 8.77 | 6.68 | 8.58 | 6.93 | 4.43 | 3.33 |
| — | +1296.6% | +152.8% | +14.6% | -15.3% | +146.2% | +108.4% | +98.1% | +100.7% | +193.4% | +31.3% | +0.3% | -46.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Liberty Energy Inc.'s operating margin was 0.4% in Q1 2026, down 1.5 pp QoQ and down 1.9 pp YoY. The trailing four-quarter average of 1.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 31.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.4% | 6.2% | 20.6% | 5.8% | 9.7% | 9.0% | 7.4% | 15.1% | 17.3% | 15.6% | 16.7% | 21.1% | 21.9% |
| — | -31.2% | +179.2% | -61.8% | -44.0% | -42.2% | -55.7% | -28.5% | -21.0% | -29.6% | -17.1% | +8.6% | +36.3% | |
| Operating Margin | 2.0% | 0.4% | 1.9% | -0.4% | 4.1% | 2.3% | 1.4% | 10.0% | 12.3% | 10.6% | 11.5% | 16.6% | 17.1% |
| — | -83.9% | +34.0% | -103.8% | -66.8% | -78.5% | -87.6% | -40.0% | -27.7% | -41.1% | -34.1% | +9.2% | +47.0% | |
| Net Margin | 3.7% | 2.2% | 1.3% | 4.5% | 6.8% | 2.1% | 5.5% | 6.5% | 9.3% | 7.6% | 8.6% | 12.2% | 12.8% |
| — | +7.4% | -76.0% | -29.9% | -27.1% | -73.0% | -36.0% | -47.0% | -26.8% | -40.8% | -31.1% | -1.2% | +14.5% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.3% | 1.1% | 0.7% | 2.1% | 3.5% | 1.0% | 2.6% | 3.8% | 5.7% | 4.4% | 5.1% | 8.6% | 9.4% |
| — | +10.1% | -74.9% | -44.5% | -37.6% | -76.9% | -48.4% | -56.0% | -39.3% | -58.3% | -51.6% | -20.1% | +14.0% | |
| ROA | 4.3% | 0.6% | 0.4% | 1.2% | 2.1% | 0.6% | 1.6% | 2.3% | 3.4% | 2.7% | 3.0% | 4.9% | 5.4% |
| — | -6.7% | -75.5% | -45.3% | -38.9% | -77.4% | -47.6% | -54.2% | -36.3% | -56.2% | -49.7% | -18.3% | +15.6% | |
| ROIC | 2.3% | 0.1% | 0.5% | -0.1% | 1.3% | 0.7% | 0.4% | 3.5% | 4.6% | 3.8% | 4.2% | 7.1% | 7.7% |
| — | -81.3% | +29.1% | -102.9% | -72.3% | -82.4% | -90.2% | -49.8% | -40.4% | -58.9% | -53.3% | -10.4% | +50.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Liberty Energy Inc.'s Debt/EBITDA ratio is 3.0x, down from 6.2x last quarter — at a moderate level that warrants monitoring. The current ratio has improved 84.6% YoY to 2.21x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.42 | 0.18 | 0.42 | 0.30 | 0.25 | 0.29 | 0.27 | 0.24 | 0.24 | 0.24 | 0.22 | 0.25 | 0.26 |
| — | -36.7% | +55.8% | +26.4% | +5.1% | +20.2% | +22.5% | -4.2% | -5.7% | +12.0% | -5.5% | -7.6% | -10.3% | |
| Debt / EBITDA | 1.50 | 2.99 | 6.23 | 5.24 | 3.00 | 3.76 | 3.66 | 1.97 | 1.76 | 1.88 | 1.67 | 1.44 | 1.41 |
| — | -20.5% | +70.1% | +166.9% | +70.9% | +99.3% | +119.1% | +36.7% | +24.4% | +80.4% | +45.0% | -0.5% | -30.6% | |
| Current Ratio | 1.22 | 2.21 | 1.22 | 1.32 | 1.16 | 1.20 | 1.27 | 1.23 | 1.35 | 1.48 | 1.49 | 1.34 | 1.44 |
| — | +84.6% | -4.3% | +7.2% | -13.8% | -18.9% | -14.7% | -8.4% | -6.6% | +4.1% | +1.3% | -4.8% | +6.7% | |
| Quick Ratio | 0.96 | 1.97 | 0.96 | 1.05 | 0.91 | 0.91 | 0.97 | 0.97 | 1.07 | 1.16 | 1.17 | 1.08 | 1.17 |
| — | +115.1% | -1.0% | +8.3% | -15.2% | -21.1% | -17.3% | -10.2% | -8.8% | +0.2% | +2.4% | -6.2% | +7.7% | |
| Interest Coverage | 5.84 | 0.49 | 2.76 | 6.05 | 10.36 | 3.93 | 7.82 | 12.17 | 18.48 | 15.37 | 17.80 | 28.16 | 30.30 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
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Quick answers to the most common questions about buying LBRT stock.
Liberty Energy Inc.'s current P/E is 30.5x. The average P/E over the last 4 quarters is 31.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Liberty Energy Inc.'s current operating margin is 2.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Liberty Energy Inc.'s business trajectory between earnings reports.