Liberty Energy Inc. (LBRT) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
LBRT Revenue Growth
Revenue Breakdown (FY 2025)
LBRT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
LBRT Revenue Analysis (2015–2025)
As of May 7, 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.
Looking at the longer-term picture, LBRT's 5-year compound annual growth rate (CAGR) stands at +32.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $4.75 billion in 2023.
Revenue diversification analysis shows LBRT's business is primarily driven by Service, Other (100%). With over half of revenue concentrated in Service, Other, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including PUMP (-15.6% YoY), ACDC (-11.4% YoY), and RES (+15.0% YoY), LBRT has underperformed the peer group in terms of 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 | -11.4% | +28.8% | -6.9% | |
 RES | $1.6B | +15.0% | +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% |
See LBRT's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs LBRT Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare LBRT vs XOM
Side-by-side business, growth, and profitability comparison vs Exxon Mobil Corporation.
Start ComparisonLBRT — 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 slowed to +4.5%, below the 5-year CAGR of +32.9%. TTM revenue is $4.0B. The deceleration marks a shift from historical growth rates.
What is LBRT's long-term revenue growth rate?
Liberty Energy Inc.'s 5-year revenue CAGR of +32.9% reflects the variable expansion pattern. Current YoY growth of +4.5% is near this long-term average.
How is LBRT's revenue distributed by segment?
LBRT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2025 are available for download. Segment mix reveals concentration and diversification trends.