Liberty Energy Inc. LBRT

Energy SIC 1389 - Oil & Gas Field Services, NEC NAICS Mining, Quarrying, and Oil and Gas Extraction › Support Activities for Mining › Support Activities for Oil and Gas Operations derived NYSE

The Company, together with its subsidiaries, is a leading integrated energy services and technology company, and one of the largest providers of innovative completions services and related technologies to onshore oil, natural gas, and enhanced geothermal exploration and production ("E&P") companies. We offer customers completions services, which include hydraulic fracturing together with complementary services including wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas ("CNG") delivery, data analytics, related goods (including our sand mine operations), and technologies to facilitate lower emission completions, thereby helping our customers reduce their emissions profile.

Last close 15.59 2026-10-23
Market cap $2.54B estimated share count
52-week range 14.76 - 34.48

Valuation FY2025 figures against the last close

P/S0.6x
P/E17.5x
P/FCF180.2x
EV/EBITDA4.8x
Dividend yield2.1%
Diluted EPS0.89

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.01B$4.32B$4.75B$4.15B$2.47B$965.8M$1.97B$2.13B$1.47B$356.9M
Cost of revenue $3.17B$3.20B$3.35B$3.15B$2.25B$858.0M$1.62B$1.63B$1.15B$354.7M
Gross profit $838.0M$1.11B$1.40B$1.00B$220.9M$107.8M$350.9M$503.3M$318.1M$2.2M
SG&A $247.4M$225.5M$221.4M$180.0M$123.4M$84.1M$97.6M$98.4M$80.1M$35.8M
Total operating expenses $3.93B$3.93B$3.99B$3.65B$2.65B$1.14B$1.89B$1.85B$1.31B$429.2M
Operating income $72.7M$389.5M$760.6M$495.9M-$181.2M-$177.0M$103.6M$306.6M$181.1M-$54.4M
Interest expense $40.3M$32.7M$29.5M$22.7M—$14.5M$14.7M$17.1M$12.6M$6.1M
Pre-tax income $195.2M$403.3M$734.9M$399.5M-$177.8M-$191.5M$88.9M$166.7M$0$0
Income tax $47.3M$87.3M$178.5M$793.0K$9.2M$30.9M$14.1M$40.4M$0$0
Net income $147.9M$316.0M$556.3M$399.6M-$179.2M-$115.6M$39.0M$126.3M$0$0
EPS, basic 0.911.913.242.17-1.03-1.360.541.84——
EPS, diluted 0.891.873.152.11-1.03-1.360.531.81——
Shares, diluted (wtd. avg.) 165.4M169.4M176.4M189.3M174.0M85.2M105.3M117.8M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $27.6M$20.0M$36.8M$43.7M$20.0M$69.0M$112.7M$103.3M$16.3M$11.5M
Receivables ———$410.3M$298.5M$244.4M$204.4M$153.6M$196.0M—
Inventory $188.1M$203.5M$205.9M$214.5M$134.6M$118.6M$88.5M$60.0M$55.5M—
Total current assets $878.0M$848.5M$954.3M$956.7M$630.4M$567.1M$489.0M$461.2M$352.0M—
Property, plant and equipment $2.05B$1.89B$1.65B$1.36B$1.20B$1.12B$651.7M$627.1M$494.8M—
Total assets $3.56B$3.30B$3.03B$2.58B$2.04B$1.89B$1.28B$1.12B$852.1M—
Accounts payable $358.6M$314.1M$293.7M$326.8M$288.8M$193.3M$117.6M$80.5M$66.8M—
Short-term debt $5.1M$0$0$1.0M$1.0M$364.0K$409.0K$385.0K$11.0K—
Total current liabilities $720.4M$666.5M$639.4M$649.5M$569.2M$356.1M$266.5M$219.7M$220.5M—
Long-term debt $241.5M$190.5M$140.0M$217.4M$121.4M$105.4M$105.7M$106.1M$196.3M—
Total liabilities $1.48B$1.32B$1.19B$1.08B$810.2M$579.9M$501.9M$375.7M$416.9M—
Retained earnings $1.11B$1.02B$752.3M$234.5M-$156.0M$23.3M$143.1M$119.3M$0—
Total equity $2.08B$1.98B$1.84B$1.50B$1.21B$1.15B$554.8M$740.8M$392.8M$229.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $609.6M$829.4M$1.01B$530.4M$135.5M$85.4M$261.1M$351.3M$195.1M-$40.7M
Depreciation and amortisation $500.3M$505.1M$421.5M$323.0M$262.8M$180.1M$165.4M$125.1M$81.5M$41.4M
Stock-based compensation $41.9M$32.4M$33.0M$23.1M$19.9M$17.1M$13.6M$5.5M$0—
Capital expenditure $595.5M$651.0M$603.3M$451.9M$198.8M$103.6M$195.2M$258.8M$311.8M$102.4M
Investing cash flow -$435.0M-$643.1M-$672.3M-$450.7M-$186.5M-$100.3M-$194.3M-$255.5M-$310.0M-$96.4M
Financing cash flow -$167.5M-$202.7M-$349.3M-$55.8M$2.1M-$28.9M-$57.4M-$8.8M$119.8M$148.5M
Dividends paid $54.5M$48.3M$37.7M$9.2M$168.0K$4.4M$14.8M$6.9M$0$0
Buybacks $24.9M$129.2M$203.1M$125.3M$0$0$18.4M$82.9M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001694028-26-000006.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B Revenue, FY2016: 356.9M Gross profit, FY2016: 2.2M Net income, FY2016: 0 Revenue, FY2017: 1.5B Gross profit, FY2017: 318.1M Net income, FY2017: 0 Revenue, FY2018: 2.1B Gross profit, FY2018: 503.3M Net income, FY2018: 126.3M Revenue, FY2019: 2B Gross profit, FY2019: 350.9M Net income, FY2019: 39M Revenue, FY2020: 965.8M Gross profit, FY2020: 107.8M Net income, FY2020: -115.6M Revenue, FY2021: 2.5B Gross profit, FY2021: 220.9M Net income, FY2021: -179.2M Revenue, FY2022: 4.1B Gross profit, FY2022: 1B Net income, FY2022: 399.6M Revenue, FY2023: 4.7B Gross profit, FY2023: 1.4B Net income, FY2023: 556.3M Revenue, FY2024: 4.3B Gross profit, FY2024: 1.1B Net income, FY2024: 316M Revenue, FY2025: 4B Gross profit, FY2025: 838M Net income, FY2025: 147.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $356.9M $1.47B $2.13B $1.97B $965.8M $2.47B $4.15B $4.75B $4.32B $4.01B
Gross profit $2.2M $318.1M $503.3M $350.9M $107.8M $220.9M $1.00B $1.40B $1.11B $838.0M
Net income $0 $0 $126.3M $39.0M -$115.6M -$179.2M $399.6M $556.3M $316.0M $147.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement signed Item 1.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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