Liberty Energy Inc Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Liberty Energy Inc has an operating margin of 1.8%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 9/100, suggesting thin profitability after operating expenses. This is down from 9.0% the prior year.
Liberty Energy Inc's revenue declined 7.2% year-over-year, from $4.3B to $4.0B. This contraction results in a growth score of 8/100.
Liberty Energy Inc carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Liberty Energy Inc's current ratio of 1.22 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 29/100, which could limit financial flexibility.
While Liberty Energy Inc generated $609.6M in operating cash flow, capex of $595.5M consumed most of it, leaving $14.1M in free cash flow. This results in a low score of 2/100, reflecting heavy capital investment rather than weak cash generation.
Liberty Energy Inc generates a 7.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. This is down from 16.0% the prior year.
Liberty Energy Inc scores 3.39, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.2B) relative to total liabilities ($1.5B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Liberty Energy Inc passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Liberty Energy Inc generates $4.12 in operating cash flow ($609.6M OCF vs $147.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Liberty Energy Inc earns $1.8 in operating income for every $1 of interest expense ($72.7M vs $40.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Liberty Energy Inc (LBRT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Liberty Energy Inc generated $4.0B in revenue in fiscal year 2025. This represents a decrease of 7.2% from the prior year.
Liberty Energy Inc's EBITDA was $573.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 35.9% from the prior year.
Liberty Energy Inc generated $14.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 92.1% from the prior year.
Liberty Energy Inc reported $147.9M in net income in fiscal year 2025. This represents a decrease of 53.2% from the prior year.
Liberty Energy Inc earned $0.89 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 52.4% from the prior year.
Liberty Energy Inc held $27.6M in cash against $241.5M in long-term debt as of fiscal year 2025.
Liberty Energy Inc paid $0.33 per share in dividends in fiscal year 2025. This represents an increase of 13.8% from the prior year.
Liberty Energy Inc's gross margin was 20.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.9 percentage points from the prior year.
Liberty Energy Inc's operating margin was 1.8% in fiscal year 2025, reflecting core business profitability. This is down 7.2 percentage points from the prior year.
Liberty Energy Inc's net profit margin was 3.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.6 percentage points from the prior year.
Liberty Energy Inc's ROE was 7.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.9 percentage points from the prior year.
Liberty Energy Inc spent $24.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 80.7% from the prior year.
Liberty Energy Inc invested $595.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 8.5% from the prior year.
LBRT Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B+9.6% | $947.4M-9.1% | $1.0B+6.7% | $977.5M+3.6% | $943.6M-17.1% | $1.1B-1.8% | $1.2B+8.1% | $1.1B |
| Cost of Revenue | $824.6M+7.1% | $769.8M-5.2% | $812.1M+6.6% | $761.6M+2.7% | $741.8M-11.7% | $840.3M+0.5% | $835.8M+6.8% | $782.7M |
| Gross Profit | $214.1M+20.5% | $177.6M-22.9% | $230.4M+6.7% | $215.8M+6.9% | $201.8M-32.3% | $298.3M-8.0% | $324.1M+11.6% | $290.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $65.0M+11.6% | $58.3M-0.1% | $58.3M-11.3% | $65.8M+17.1% | $56.2M-4.2% | $58.6M+1.6% | $57.7M+8.9% | $53.0M |
| Operating Income | $19.9M+921.9% | -$2.4M-106.5% | $37.1M+104.0% | $18.2M-27.1% | $24.9M-76.8% | $107.3M-24.4% | $141.8M+22.9% | $115.4M |
| Interest Expense | $9.7M-11.0% | $10.9M+7.3% | $10.2M+6.5% | $9.5M+6.3% | $9.0M+4.5% | $8.6M+6.5% | $8.1M+14.2% | $7.1M |
| Income Tax | $3.4M-71.6% | $12.0M-50.4% | $24.1M+209.2% | $7.8M+28.5% | $6.1M-72.6% | $22.2M-31.9% | $32.5M+22.9% | $26.5M |
| Net Income | $13.7M-68.2% | $43.1M-39.4% | $71.0M+253.1% | $20.1M-61.2% | $51.9M-29.7% | $73.8M-31.9% | $108.4M+32.4% | $81.9M |
| EPS (Diluted) | $0.08-69.2% | $0.26-39.5% | $0.43+258.3% | $0.12-61.3% | $0.31-29.5% | $0.44-31.3% | $0.64+33.3% | $0.48 |
LBRT Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.6B+1.6% | $3.5B+1.8% | $3.4B+2.5% | $3.4B+1.8% | $3.3B+0.7% | $3.3B+1.0% | $3.2B+4.6% | $3.1B |
| Current Assets | $878.0M-1.8% | $894.4M-2.9% | $921.4M+7.3% | $858.5M+1.2% | $848.5M-8.0% | $922.5M-8.0% | $1.0B+2.5% | $978.0M |
| Cash & Equivalents | $27.6M+104.8% | $13.5M-31.2% | $19.6M-18.8% | $24.1M+20.6% | $20.0M-13.2% | $23.0M-23.4% | $30.0M+26.3% | $23.8M |
| Inventory | $188.1M+2.0% | $184.4M-8.4% | $201.3M-0.8% | $202.9M-0.3% | $203.5M+3.0% | $197.6M-4.3% | $206.4M-1.7% | $210.1M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.5B+3.2% | $1.4B+2.0% | $1.4B+1.8% | $1.4B+4.9% | $1.3B+1.0% | $1.3B0.0% | $1.3B+7.5% | $1.2B |
| Current Liabilities | $720.4M+6.4% | $677.2M-14.6% | $793.4M+10.7% | $716.6M+7.5% | $666.5M-11.0% | $748.6M+0.6% | $743.9M+12.3% | $662.4M |
| Long-Term Debt | $241.5M-4.5% | $253.0M+58.1% | $160.0M-23.8% | $210.0M+10.2% | $190.5M+54.9% | $123.0M-16.3% | $147.0M-11.4% | $166.0M |
| Total Equity | $2.1B+0.4% | $2.1B+1.7% | $2.0B+3.1% | $2.0B-0.2% | $2.0B+0.5% | $2.0B+1.7% | $1.9B+2.8% | $1.9B |
| Retained Earnings | $1.1B-0.1% | $1.1B+2.7% | $1.1B+5.6% | $1.0B+0.7% | $1.0B+3.9% | $980.9M+6.8% | $918.8M+11.7% | $822.3M |
LBRT Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $195.4M+279.8% | $51.5M-69.8% | $170.6M-11.2% | $192.1M+8.4% | $177.3M-27.5% | $244.5M-1.5% | $248.2M+55.7% | $159.4M |
| Capital Expenditures | $205.4M+73.1% | $118.7M-13.7% | $137.5M+2.7% | $133.9M-34.2% | $203.5M+22.2% | $166.6M+22.5% | $136.0M-6.2% | $145.0M |
| Free Cash Flow | -$10.0M+85.2% | -$67.2M-303.2% | $33.1M-43.2% | $58.2M+322.1% | -$26.2M-133.6% | $77.9M-30.6% | $112.2M+678.8% | $14.4M |
| Investing Cash Flow | -$132.7M-17.4% | -$113.0M-36.0% | -$83.1M+21.7% | -$106.2M+43.6% | -$188.1M-15.5% | -$162.8M-8.5% | -$150.1M-5.7% | -$142.0M |
| Financing Cash Flow | -$49.0M-188.2% | $55.5M+160.2% | -$92.2M-12.7% | -$81.8M-1110.6% | $8.1M+109.1% | -$88.8M+3.2% | -$91.8M-203.5% | -$30.2M |
| Dividends Paid | $14.6M+9.8% | $13.3M-0.5% | $13.3M+1.2% | $13.2M+1.5% | $13.0M+10.9% | $11.7M-1.0% | $11.8M+1.7% | $11.6M |
| Share Buybacks | $0 | $0-100.0% | $924K-96.1% | $24.0M-20.6% | $30.2M-23.4% | $39.4M+33.1% | $29.6M-2.0% | $30.2M |
LBRT Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.6%+1.9pp | 18.8%-3.4pp | 22.1%+0.0pp | 22.1%+0.7pp | 21.4%-4.8pp | 26.2%-1.7pp | 27.9%+0.9pp | 27.1% |
| Operating Margin | 1.9%+2.2pp | -0.3%-3.8pp | 3.6%+1.7pp | 1.9%-0.8pp | 2.6%-6.8pp | 9.4%-2.8pp | 12.2%+1.5pp | 10.8% |
| Net Margin | 1.3%-3.2pp | 4.5%-2.3pp | 6.8%+4.7pp | 2.1%-3.4pp | 5.5%-1.0pp | 6.5%-2.9pp | 9.3%+1.7pp | 7.6% |
| Return on Equity | 0.7%-1.4pp | 2.1%-1.4pp | 3.5%+2.5pp | 1.0%-1.6pp | 2.6%-1.1pp | 3.8%-1.9pp | 5.6%+1.3pp | 4.3% |
| Return on Assets | 0.4%-0.9pp | 1.2%-0.8pp | 2.1%+1.5pp | 0.6%-1.0pp | 1.6%-0.7pp | 2.3%-1.1pp | 3.3%+0.7pp | 2.6% |
| Current Ratio | 1.22-0.1 | 1.32+0.2 | 1.16-0.0 | 1.20-0.1 | 1.27+0.0 | 1.23-0.1 | 1.35-0.1 | 1.48 |
| Debt-to-Equity | 0.120.0 | 0.12+0.0 | 0.08-0.0 | 0.11+0.0 | 0.10+0.0 | 0.06-0.0 | 0.08-0.0 | 0.09 |
| FCF Margin | -1.0%+6.1pp | -7.1%-10.3pp | 3.2%-2.8pp | 5.9%+8.7pp | -2.8%-9.6pp | 6.8%-2.8pp | 9.7%+8.3pp | 1.3% |
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Frequently Asked Questions
What is Liberty Energy Inc's annual revenue?
Liberty Energy Inc (LBRT) reported $4.0B in total revenue for fiscal year 2025. This represents a -7.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Liberty Energy Inc's revenue growing?
Liberty Energy Inc (LBRT) revenue declined by 7.2% year-over-year, from $4.3B to $4.0B in fiscal year 2025.
Is Liberty Energy Inc profitable?
Yes, Liberty Energy Inc (LBRT) reported a net income of $147.9M in fiscal year 2025, with a net profit margin of 3.7%.
What is Liberty Energy Inc's earnings per share (EPS)?
Liberty Energy Inc (LBRT) reported diluted earnings per share of $0.89 for fiscal year 2025. This represents a -52.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Liberty Energy Inc's EBITDA?
Liberty Energy Inc (LBRT) had EBITDA of $573.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Liberty Energy Inc have?
As of fiscal year 2025, Liberty Energy Inc (LBRT) had $27.6M in cash and equivalents against $241.5M in long-term debt.
What is Liberty Energy Inc's gross margin?
Liberty Energy Inc (LBRT) had a gross margin of 20.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Liberty Energy Inc's operating margin?
Liberty Energy Inc (LBRT) had an operating margin of 1.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Liberty Energy Inc's net profit margin?
Liberty Energy Inc (LBRT) had a net profit margin of 3.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Liberty Energy Inc pay dividends?
Yes, Liberty Energy Inc (LBRT) paid $0.33 per share in dividends during fiscal year 2025.
What is Liberty Energy Inc's return on equity (ROE)?
Liberty Energy Inc (LBRT) has a return on equity of 7.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Liberty Energy Inc's free cash flow?
Liberty Energy Inc (LBRT) generated $14.1M in free cash flow during fiscal year 2025. This represents a -92.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Liberty Energy Inc's operating cash flow?
Liberty Energy Inc (LBRT) generated $609.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Liberty Energy Inc's total assets?
Liberty Energy Inc (LBRT) had $3.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Liberty Energy Inc's capital expenditures?
Liberty Energy Inc (LBRT) invested $595.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Liberty Energy Inc buy back shares?
Yes, Liberty Energy Inc (LBRT) spent $24.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
What is Liberty Energy Inc's current ratio?
Liberty Energy Inc (LBRT) had a current ratio of 1.22 as of fiscal year 2025, which is considered adequate.
What is Liberty Energy Inc's debt-to-equity ratio?
Liberty Energy Inc (LBRT) had a debt-to-equity ratio of 0.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Liberty Energy Inc's return on assets (ROA)?
Liberty Energy Inc (LBRT) had a return on assets of 4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Liberty Energy Inc's Altman Z-Score?
Liberty Energy Inc (LBRT) has an Altman Z-Score of 3.39, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Liberty Energy Inc's Piotroski F-Score?
Liberty Energy Inc (LBRT) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Liberty Energy Inc's earnings high quality?
Liberty Energy Inc (LBRT) has an earnings quality ratio of 4.12x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Liberty Energy Inc cover its interest payments?
Liberty Energy Inc (LBRT) has an interest coverage ratio of 1.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Liberty Energy Inc?
Liberty Energy Inc (LBRT) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.