Liberty Energy Inc. (LBRT) Revenue History
Annual and quarterly revenue from 2015 to present
LBRT Revenue Over Time (2015–2025)
LBRT Revenue Growth History
5 of 10 years with positive growth- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- -17.7%
- FY2017 revenue growth
- +297.5%
- FY2018 revenue growth
- +44.7%
- FY2019 revenue growth
- -7.6%
- FY2020 revenue growth
- -51.5%
- FY2021 revenue growth
- +155.8%
- FY2022 revenue growth
- +67.9%
- FY2023 revenue growth
- +14.4%
- FY2024 revenue growth
- -9.1%
- FY2025 revenue growth
- -7.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $1.02B | +4.5% |
| Q4 2025 | $1.04B | +10.1% |
| Q3 2025 | $947.4M | -16.8% |
| Q2 2025 | $1.04B | -10.1% |
| Q1 2025 | $977.5M | -8.9% |
| Q4 2024 | $943.6M | -12.2% |
| Q3 2024 | $1.14B | -6.4% |
| Q2 2024 | $1.16B | -2.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
LBRT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
LBRT Revenue Analysis (2015–2025)
Current Revenue & Growth
As of June 21, 2026, Liberty Energy Inc. (LBRT) generated trailing twelve-month (TTM) revenue of $4.05 billion, reflecting modest growth of +4.5% year-over-year. The most recent quarter (Q1 2026) recorded $1.02 billion in revenue, down 1.7% sequentially.
Historical Growth Trajectory
LBRT's 5-year compound annual growth rate (CAGR) stands at +32.9%, indicating outstanding long-term growth trajectory. The 3-year CAGR of -1.2% is below the 5-year average, signalling a growth deceleration in recent years. Liberty Energy Inc.'s highest annual revenue of $4.75 billion was recorded in 2023.
Revenue by Segment
LBRT's revenue is primarily driven by Service, Other (100%). With over half of revenue concentrated in Service, Other, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Energy sector peers — including PUMP (-15.6% YoY), ACDC (-18.9% YoY), and RES (+27.6% YoY) — LBRT has outperformed the peer group in revenue growth. Compare LBRT vs PUMP →
LBRT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LBRTCurrent | $4.0B | +4.5% | +32.9% | 2.0% | |
 PUMP | $1.3B | -15.6% | +10.0% | 1.5% | |
 ACDC | $1.9B | -18.9% | +28.8% | -6.9% | |
 RES | $1.6B | +27.6% | +22.1% | 3.5% | |
 WTTR | $1.4B | -4.2% | +18.4% | 2.5% | |
 SLB | $35.7B | -1.6% | +8.6% | 15.3% |
LBRT Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.01B | -7.2% | $457.9M | 11.4% | $81.3M | 2.0% |
| 2024 | $4.32B | -9.1% | $609.6M | 14.1% | $384.1M | 8.9% |
| 2023 | $4.75B | +14.4% | $977.0M | 20.6% | $757.7M | 16.0% |
| 2022 | $4.15B | +67.9% | $677.2M | 16.3% | $514.1M | 12.4% |
| 2021 | $2.47B | +155.8% | $-41,901,000 | -1.7% | $-162,556,000 | -6.6% |
| 2020 | $965.8M | -51.5% | $-72,278,000 | -7.5% | $-144,176,000 | -14.9% |
| 2019 | $1.99B | -7.6% | $203.8M | 10.2% | $110.7M | 5.6% |
| 2018 | $2.16B | +44.7% | $401.3M | 18.6% | $312.3M | 14.5% |
| 2017 | $1.49B | +297.5% | $261.4M | 17.5% | $181.3M | 12.2% |
| 2016 | $374.8M | -17.7% | $-21,318,000 | -5.7% | $-57,107,000 | -15.2% |
| 2015 | $455.4M | - | $25.6M | 5.6% | $-3,137,000 | -0.7% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
11+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
LBRT — Frequently Asked Questions
Quick answers to the most common questions about buying LBRT stock.
Is LBRT's revenue growth accelerating or slowing?
LBRT revenue growth is slowing. TTM revenue is $4.0B, up +4.5% year-over-year — below the 5-year CAGR of +32.9%. The deceleration suggests maturing end-markets or increased competition.
What is LBRT's revenue history from 2015 to 2026?
Liberty Energy Inc. (LBRT) revenue history spans 2015 to 2026. TTM revenue as of 2026 is $4.0B, growing at +4.5% YoY. The 5-year CAGR is +32.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is LBRT's long-term revenue growth rate (CAGR)?
Liberty Energy Inc.'s 5-year revenue CAGR of +32.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +4.5% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for LBRT.
Why does LBRT's quarterly revenue fluctuate?
LBRT quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Liberty Energy Inc.'s revenue data from 2015 to 2026 shows full historical quarterly detail on this page.
How is LBRT's revenue distributed by segment?
LBRT reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does LBRT's revenue compare to industry peers?
Liberty Energy Inc. (LBRT) with TTM revenue of $4.0B and +4.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.