Saturday 17 October 2026 Export LBRT’s income statement to Excel — free account

Liberty Energy Inc.

LBRT Energy Oil & Gas Equipment & Services

Liberty Energy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, down 7.16% from fiscal 2024. In the quarter to June 2026, revenue grew 14.0%, EPS fell 40.9%, free cash flow fell 342.0% and total debt rose 301.8%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.

16.60 0.10 −0.60%

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Market cap: $2.7B
P/E: 22.1×
Fwd P/E: 72.8×
Dividend yield: 2.17%
F-score: 4/9
Altman Z: 2.90
Beneish M: −2.98
Dividend safety: 49/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.50

Total sells 3.33

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	—	—	1	—	—	—
Sell	—	—	—	2	—	—	2	1	1	1	1	2

Insider Ownership 2.05%

Capital & Financial Ratios $m

Market Cap 2,730.00

Revenue 4,195.91

Net Income 122.42

Free Cash Flow (282.45)

Net Debt 917.66

Current Ratio 1.99

Debt/Equity 0.75

P/E ratio 22.13

Fwd P/E 72.80

P/S ratio 0.64

P/B ratio 1.38

Past 5Y EPS Growth —

This Y EPS Growth 43.59%

Next Y EPS Growth (70.34%)

Next Y revenue growth 13.48%

Next 5Y EPS Growth 65.05%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 81.22%

10-year low 10-year high

P/S against its own 10 years 39.81%

10-year low 10-year high

P/B against its own 10 years 32.41%

10-year low 10-year high

EV/Sales against its own 10 years 63.50%

10-year low 10-year high

Dividends

Payout Ratio 0.49

Annual Dividend Rate 0.36

Annual Dividend Yield 2.17%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.35	0.09 0.09 0.09
2025	0.33	0.08 0.08 0.08 0.09
2024	0.29	0.07 0.07 0.07 0.08
2023	0.22	0.05 0.05 0.05 0.07
2022	0.05	0.05
2021	Powerpack
2020	0.05	0.05
2019	0.20	0.05 0.05 0.05 0.05
2018	0.10	0.05 0.05
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	37	20	28	555
Receivables	399	355	352	516
Inventory	206	203	188	185
Other	189	185	254	254
	954	849	878	1,567

	2023	2024	2025	Q'26
Payables	294	314	359	417
ST’ Debt	—	—	5	12
Other	5	41	8	—
	639	667	720	789

Compound Annual Growth %

	10y	5y	3y
Sales	24.29%	32.91%	(1.16%)
Cash Flow	58.43%	48.15%	4.75%
Earnings	0.00%	0.00%	(28.21%)
Book Value	31.54%	9.68%	11.56%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,021	1,189	—	—	—
’25	977	1,043	947	1,039	4,006
’24	1,073	1,160	1,139	944	4,315
’23	1,262	1,195	1,216	1,075	4,748
’22	793	943	1,188	1,226	4,149
’21	552	581	654	684	2,471
’20	472	88	147	258	966

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	8	133	—	—	—
’25	192	171	51	195	610
’24	159	248	244	177	829
’23	204	240	275	295	1,015
’22	15	121	157	238	530
’21	28	8	45	55	135
’20	0	96	(27)	15	85

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(125)	(88)	—	—	—
’25	71	37	(62)	(7)	39
’24	17	114	82	(11)	202
’23	74	89	114	161	438
’22	(76)	(6)	62	122	102
’21	4	(34)	(9)	1	(38)
’20	(45)	71	(38)	(4)	(15)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.14	0.26	—	—	—
’25	0.12	0.43	0.26	0.08	0.89
’24	0.48	0.64	0.44	0.31	1.87
’23	0.90	0.87	0.85	0.54	3.15
’22	(0.03)	0.55	0.78	0.82	2.11
’21	(0.21)	(0.29)	(0.22)	(0.31)	(1.03)
’20	0.02	(0.55)	(0.41)	(0.41)	(1.36)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	12.32	7.89	2.17	8.50	9.74	11.18	16.57	9.50	Analyst estimates 2026–2028 Powerpack
	High	—	—	23.90	17.70	11.50	17.78	20.05	21.25	24.75	23.58
People
People	Employees	1,859	2,032	2,437	2,571	1,946	3,601	4,580	5,500	5,700	5,800
	Revenue/emp, $m	0.20	0.73	0.88	0.77	0.50	0.69	0.91	0.86	0.76	0.69
Income, $m
Income, $m	Revenue	375	1,490	2,155	1,990	966	2,471	4,149	4,748	4,315	4,006
	Gross margin, %	5.35	23.01	24.42	18.55	11.16	8.94	24.11	29.46	25.83	20.92
	EBT	(61)	169	289	89	(192)	(178)	400	735	403	195
	EBT margin, %	(16.16)	11.31	13.43	4.47	(19.83)	(7.20)	9.63	15.48	9.35	4.87
	Net income	(61)	169	249	75	(161)	(187)	400	556	316	148
	Depreciation	42	84	129	168	180	263	323	422	505	500
Per share, $
Per share, $	Revenue	0.00	0.00	31.31	27.52	11.33	14.20	22.51	27.63	26.15	24.74
	Earnings	(0.87)	0.90	1.84	0.54	(1.36)	(1.03)	2.17	3.24	1.91	0.91
	Cash flow	0.00	0.00	5.10	3.61	1.00	0.78	2.88	5.90	5.03	3.76
	Capex	0.00	0.00	(3.71)	(2.69)	(1.18)	(1.00)	(2.32)	(3.35)	(3.80)	(3.52)
	Free cash flow	0.00	0.00	1.39	0.92	(0.17)	(0.22)	0.55	2.55	1.23	0.24
	Book value	0.00	0.00	10.76	10.80	15.37	7.07	8.12	10.72	11.99	12.84
	Shares, m	0	0	69	72	85	174	184	172	165	162
Valuation, ×
Valuation, ×	P/E	54.84	54.84	7.04	18.85	0.00	0.00	6.76	5.62	10.41	20.29
	P/S	0.78	0.78	0.41	0.40	0.91	0.68	0.65	0.66	0.76	0.75
	P/B	2.97	2.97	1.20	1.03	0.67	1.37	1.80	1.69	1.66	1.44
	EV/Sales	0.91	0.91	0.42	0.41	0.96	0.73	0.70	0.72	0.86	0.85
	EV/FCF	(11.73)	(11.73)	9.34	12.32	(62.45)	(47.33)	28.28	7.79	18.35	88.19
Cash, $m
Cash, $m	Operating cash flow	(41)	195	351	261	85	135	530	1,015	829	610
	Capex	(96)	(310)	(255)	(194)	(100)	(173)	(428)	(576)	(627)	(571)
	Free cash flow	(137)	(115)	96	67	(15)	(38)	102	438	202	39
Balance, $m
Balance, $m	Working capital	42	132	241	222	211	61	307	315	182	158
	Total debt	104	196	107	131	117	127	241	274	394	460
	Net debt	92	180	3	18	48	107	197	237	374	432
	Shareholders’ equity	229	393	741	781	1,310	1,230	1,497	1,841	1,979	2,079
Returns, %
Returns, %	ROA	0.00	0.00	12.84	3.25	(7.28)	(9.12)	17.31	19.83	9.98	4.31
	ROIC	(10.59)	19.76	25.75	8.10	(8.15)	(8.47)	18.29	22.87	10.35	1.81
	ROE	0.00	0.00	22.29	5.12	(11.05)	(14.11)	29.30	33.33	16.54	7.29

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
TDW Tidewater Inc.	$3.9B	16.0×	23.4×	+0.25% (above 0%: growing)	−70.07% (below 0%: shrinking)	−15.92% (below 0%: shrinking)	46.88%	18.27%	Compare
USAC USA Compression Partners, LP	$3.6B	23.9×	23.3×	+36.79% (above 0%: growing)	+40.91% (above 0%: growing)	+7.22% (above 0%: growing)	63.53%	29.34%	Compare
WBI WaterBridge Infrastructure LLC	$3.6B	356×	327×	+128.00% (above 0%: growing)	—	+14.45% (above 0%: growing)	59.80%	18.49%	Compare
EFXT Enerflex Ltd.	$3.0B	57.9×	—	−5.37% (below 0%: shrinking)	−48.98% (below 0%: shrinking)	+950.00% (above 0%: growing)	23.88%	9.97%	Compare
LBRT Liberty Energy Inc.	$2.7B	22.1×	72.8×	+14.01% (above 0%: growing)	−40.91% (below 0%: shrinking)	−342.02% (below 0%: shrinking)	17.53%	1.07%
WTTR Select Water Solutions, Inc.	$2.4B	69.0×	46.2×	+8.67% (above 0%: growing)	+70.00% (above 0%: growing)	+56.98% (above 0%: growing)	19.41%	8.68%	Compare
NESR National Energy Services Reunited	$1.9B	19.9×	14.9×	+59.07% (above 0%: growing)	+175.00% (above 0%: growing)	+45.79% (above 0%: growing)	15.61%	12.45%	Compare
INVX Innovex International, Inc.	$1.9B	31.5×	12.0×	+9.21% (above 0%: growing)	+63.64% (above 0%: growing)	−39.84% (below 0%: shrinking)	34.16%	13.79%	Compare
XPRO Expro Group Holdings N.V.	$1.8B	91.4×	20.6×	−6.99% (below 0%: shrinking)	−88.81% (below 0%: shrinking)	+56.10% (above 0%: growing)	20.86%	2.64%	Compare
Median of peers	$2.7B	44.7×	23.3×	+8.94%	+40.91%	+30.12%	29.02%	13.12%

All 46 Oil & Gas Equipment & Services stocks →

Liberty Energy Inc. (LBRT) key facts

Concern: Liberty Energy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, down 7.16% from fiscal 2024.
Concern: Net income was $147.9 million, or $0.91 per share (basic), a net margin of 3.69%.
Liberty Energy Inc. (LBRT) is an Oil & Gas Equipment & Services company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, LBRT traded at $16.60, a market capitalization of $2.7 billion.
At that price the stock trades at 22.1× trailing-twelve-month earnings and 0.6× sales; its P/E is higher than 81% of its own readings over the past ten years.
Liberty Energy Inc. pays an annual dividend of $0.36 per share, a yield of 2.17%, with a payout ratio of 48.7%.
Return on equity was 7.29% and debt-to-equity 0.75.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 2.90 (grey zone) for fiscal 2025.