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Liberty Global Financials

LBTYK
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Liberty Global (LBTYK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 33 / 100
Financial Profile 33/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
21

Liberty Global has an operating margin of -0.5%, meaning the company retains $-0 of operating profit per $100 of revenue. This below-average margin results in a low score of 21/100, suggesting thin profitability after operating expenses. This is up from -1.4% the prior year.

Growth
54

Liberty Global's revenue grew 12.4% year-over-year to $4.9B, a solid pace of expansion. This earns a growth score of 54/100.

Leverage
86

Liberty Global carries a low D/E ratio of 0.80, meaning only $0.80 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
16

Liberty Global's current ratio of 1.08 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 16/100, which could limit financial flexibility.

Cash Flow
18

While Liberty Global generated $1.2B in operating cash flow, capex of $1.3B consumed most of it, leaving -$132.0M in free cash flow. This results in a low score of 18/100, reflecting heavy capital investment rather than weak cash generation.

Returns
0

Liberty Global generates a -73.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 12.8% the prior year.

Piotroski F-Score Neutral
4/9

Liberty Global passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
-0.17x

For every $1 of reported earnings, Liberty Global generates $-0.17 in operating cash flow ($1.2B OCF vs -$7.1B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
-0.0x

Liberty Global earns $-0.0 in operating income for every $1 of interest expense (-$23.3M vs $497.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$4.9B
YoY+12.4%
5Y CAGR-15.8%
10Y CAGR-11.8%

Liberty Global generated $4.9B in revenue in fiscal year 2025. This represents an increase of 12.4% from the prior year.

EBITDA
$1.0B
YoY+7.8%
5Y CAGR-24.9%
10Y CAGR-18.3%

Liberty Global's EBITDA was $1.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.8% from the prior year.

Net Income
-$7.1B
YoY-549.5%

Liberty Global reported -$7.1B in net income in fiscal year 2025. This represents a decrease of 549.5% from the prior year.

EPS (Diluted)
$-20.86
YoY-593.1%

Liberty Global earned $-20.86 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 593.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$132.0M
YoY-111.7%

Liberty Global generated -$132.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 111.7% from the prior year.

Cash & Debt
$2.1B
YoY+14.6%
5Y CAGR+9.4%
10Y CAGR+11.4%

Liberty Global held $2.1B in cash against $7.8B in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
65.8%
YoY-0.8pp
5Y CAGR-5.5pp

Liberty Global's gross margin was 65.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.8 percentage points from the prior year.

Operating Margin
-0.5%
YoY+0.9pp
5Y CAGR-18.1pp
10Y CAGR-12.8pp

Liberty Global's operating margin was -0.5% in fiscal year 2025, reflecting core business profitability. This is up 0.9 percentage points from the prior year.

Net Margin
-146.3%
YoY-182.9pp
5Y CAGR-132.2pp
10Y CAGR-139.6pp

Liberty Global's net profit margin was -146.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 182.9 percentage points from the prior year.

Return on Equity
-73.3%
YoY-86.2pp
5Y CAGR-61.4pp
10Y CAGR-62.5pp

Liberty Global's ROE was -73.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 86.2 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$192.1M
YoY-72.2%
5Y CAGR-29.1%
10Y CAGR-22.1%

Liberty Global spent $192.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 72.2% from the prior year.

Capital Expenditures
$1.3B
YoY+47.8%
5Y CAGR+0.8%
10Y CAGR-5.1%

Liberty Global invested $1.3B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 47.8% from the prior year.

LBTYK Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $1.2B+2.0% $1.2B-4.9% $1.3B+8.4% $1.2B+4.3% $1.1B+5.0% $1.1B+1.1% $1.1B-3.1% $1.1B
Cost of Revenue $408.9M+4.1% $392.9M-15.6% $465.3M+15.3% $403.4M N/A $320.4M-4.8% $336.4M-14.7% $394.5M
Gross Profit $822.2M+1.0% $814.2M+1.3% $803.8M+4.7% $767.8M N/A $749.1M+3.8% $721.5M+3.5% $696.8M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $324.9M+5.5% $308.0M+0.9% $305.3M+7.0% $285.4M N/A $270.3M-5.3% $285.5M+8.7% $262.7M
Operating Income -$105.6M-1220.0% -$8.0M-127.0% $29.6M-51.2% $60.7M+225.9% -$48.2M-244.3% $33.4M+201.2% -$33.0M-168.3% -$12.3M
Interest Expense $117.2M-4.9% $123.3M-4.8% $129.5M+1.6% $127.5M N/A $144.3M-0.1% $144.4M-43.0% $253.5M
Income Tax $40.2M+185.7% -$46.9M-5311.1% $900K+101.3% -$70.0M N/A -$11.2M-139.7% $28.2M-34.1% $42.8M
Net Income -$2.9B-3116.3% -$90.7M+96.8% -$2.8B-108.8% -$1.3B-159.6% $2.2B+256.5% -$1.4B-634.9% $268.1M-47.4% $510.0M
EPS (Diluted) N/A $-0.27+96.7% $-8.09-110.7% $-3.84-162.8% $6.11+254.7% $-3.95-656.3% $0.71-46.2% $1.32

LBTYK Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $22.6B-11.0% $25.4B-6.5% $27.2B+4.6% $26.0B+2.1% $25.4B-39.1% $41.8B+2.3% $40.8B+0.7% $40.6B
Current Assets $3.4B+22.3% $2.8B-37.3% $4.4B+42.1% $3.1B-5.6% $3.3B-36.5% $5.2B-3.5% $5.4B+10.6% $4.9B
Cash & Equivalents $2.1B+24.3% $1.7B-7.8% $1.8B-8.4% $2.0B+9.2% $1.8B-22.6% $2.3B+17.2% $2.0B+77.8% $1.1B
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $558.2M+7.7% $518.3M-9.1% $570.3M+17.9% $483.8M+7.6% $449.8M-47.9% $863.4M+0.5% $858.8M0.0% $858.6M
Goodwill $3.5B-3.1% $3.6B+0.4% $3.6B+8.8% $3.3B+5.0% $3.2B-69.5% $10.3B+5.7% $9.8B-1.4% $9.9B
Total Liabilities $12.7B+1.7% $12.4B-11.0% $14.0B+6.3% $13.1B+1.8% $12.9B-44.2% $23.1B+2.6% $22.5B+1.6% $22.2B
Current Liabilities $3.2B+8.7% $2.9B-33.1% $4.3B+32.1% $3.3B+4.9% $3.1B-28.0% $4.4B+8.0% $4.0B+6.0% $3.8B
Long-Term Debt $7.8B+0.2% $7.8B+0.2% $7.8B-5.4% $8.2B+0.5% $8.2B-44.9% $14.8B+1.0% $14.7B-0.3% $14.7B
Total Equity $9.7B-23.6% $12.7B-1.9% $13.0B+2.7% $12.6B+2.3% $12.4B-33.7% $18.7B+1.7% $18.3B-0.4% $18.4B
Retained Earnings $5.1B-36.4% $8.0B-1.1% $8.1B-25.6% $10.9B-10.9% $12.2B-17.9% $14.9B-8.8% $16.3B+1.7% $16.1B

LBTYK Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $630.9M+109.0% $301.8M+102.3% $149.2M+15.5% $129.2M-83.7% $791.6M+76.1% $449.5M-17.7% $546.1M+122.3% $245.7M
Capital Expenditures $437.6M+27.6% $342.9M+7.4% $319.3M+31.2% $243.3M-18.0% $296.6M+34.3% $220.8M+19.4% $185.0M-10.2% $206.1M
Free Cash Flow $193.3M+570.3% -$41.1M+75.8% -$170.1M-49.1% -$114.1M-123.1% $495.0M+116.4% $228.7M-36.7% $361.1M+811.9% $39.6M
Investing Cash Flow -$267.1M+26.0% -$360.9M-20.5% -$299.4M-670.3% $52.5M-85.0% $349.8M+1345.5% $24.2M-95.4% $522.4M+346.8% -$211.7M
Financing Cash Flow $47.3M+157.4% -$82.4M+34.0% -$124.8M-88.5% -$66.2M+95.9% -$1.6B-804.4% -$176.9M+6.6% -$189.3M+33.3% -$284.0M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $33.9M-39.7% $56.2M-12.3% $64.1M+69.1% $37.9M-78.7% $177.9M+7.6% $165.4M-2.8% $170.2M-3.5% $176.3M

LBTYK Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 66.8%-0.7pp 67.5%+4.1pp 63.3%-2.2pp 65.6% N/A 70.0%+1.8pp 68.2%+4.4pp 63.8%
Operating Margin -8.6%-7.9pp -0.7%-3.0pp 2.3%-2.8pp 5.2%+9.5pp -4.3%-7.4pp 3.1%+6.2pp -3.1%-2.0pp -1.1%
Net Margin -237.0%-229.5pp -7.5%+212.6pp -220.1%-105.9pp -114.2%-314.0pp 199.8%+333.9pp -134.1%-159.4pp 25.3%-21.4pp 46.7%
Return on Equity -30.0%-29.3pp -0.7%+20.8pp -21.5%-10.9pp -10.6%-28.7pp 18.1%+25.8pp -7.7%-9.2pp 1.5%-1.3pp 2.8%
Return on Assets -12.9%-12.6pp -0.4%+9.9pp -10.3%-5.1pp -5.1%-14.0pp 8.8%+12.3pp -3.4%-4.1pp 0.7%-0.6pp 1.3%
Current Ratio 1.08+0.1 0.96-0.1 1.02+0.1 0.95-0.1 1.05-0.1 1.19-0.1 1.34+0.1 1.28
Debt-to-Equity 0.80+0.2 0.61+0.0 0.60-0.1 0.65-0.0 0.66-0.1 0.800.0 0.800.0 0.80
FCF Margin 15.7%+19.1pp -3.4%+10.0pp -13.4%-3.7pp -9.7%-53.8pp 44.1%+22.7pp 21.4%-12.8pp 34.1%+30.5pp 3.6%

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Frequently Asked Questions

Liberty Global (LBTYK) reported $4.9B in total revenue for fiscal year 2025. This represents a 12.4% 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.

Liberty Global (LBTYK) revenue grew by 12.4% year-over-year, from $4.3B to $4.9B in fiscal year 2025.

No, Liberty Global (LBTYK) reported a net income of -$7.1B in fiscal year 2025, with a net profit margin of -146.3%.

Liberty Global (LBTYK) reported diluted earnings per share of $-20.86 for fiscal year 2025. This represents a -593.1% 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.

Liberty Global (LBTYK) had EBITDA of $1.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Liberty Global (LBTYK) had $2.1B in cash and equivalents against $7.8B in long-term debt.

Liberty Global (LBTYK) had a gross margin of 65.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Liberty Global (LBTYK) had an operating margin of -0.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Liberty Global (LBTYK) had a net profit margin of -146.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Liberty Global (LBTYK) has a return on equity of -73.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Liberty Global (LBTYK) generated -$132.0M in free cash flow during fiscal year 2025. This represents a -111.7% 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.

Liberty Global (LBTYK) generated $1.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Liberty Global (LBTYK) had $22.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Liberty Global (LBTYK) invested $1.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Liberty Global (LBTYK) spent $192.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Liberty Global (LBTYK) had a current ratio of 1.08 as of fiscal year 2025, which is considered adequate.

Liberty Global (LBTYK) had a debt-to-equity ratio of 0.80 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Liberty Global (LBTYK) had a return on assets of -31.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Liberty Global (LBTYK) has a Piotroski F-Score of 4 out of 9, indicating neutral 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.

Liberty Global (LBTYK) has an earnings quality ratio of -0.17x, considered mixed 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.

Liberty Global (LBTYK) has an interest coverage ratio of -0.0x, 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.

Liberty Global (LBTYK) scores 33 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.

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