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.

Revenue
+26.3%
EPS
−188.9%
Free cash flow
−548.1%
Total debt
+213.5%

Quarter to September 2026, against a year earlier

11.89 0.54 +4.76%
Market cap
$1.9B
P/E
47.4×
Fwd P/E
97.1×
Dividend yield
3.17%
F-score
4/9
Altman Z
2.90
Beneish M
−2.98
Dividend safety
49/100

Liberty Energy Inc. (LBRT) Operating margin

Alert me on Operating margin

Liberty Energy Inc.'s operating margin over the twelve months to 30 September 2026 was 1.67%, down 0.1 percentage points from fiscal 2025 (1.81%). Over the past ten years it has ranged from −18.3% (fiscal 2020) to 16.0% (fiscal 2023); the current reading is higher than 45% of that period. That is below the Oil & Gas Equipment & Services industry median of 7.44% and below the Energy sector median of 15.2%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 1.81% (7.22)
FY2024 9.03% (6.99)
FY2023 16.0% 4.07
FY2022 12.0% 19.28
FY2021 −7.33% 11.00
FY2020 −18.3% (23.53)
FY2019 5.20% (9.02)
FY2018 14.2% 2.06
FY2017 12.2% 26.68
FY2016 −14.5% (13.74)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 1.61% 0.54
Jun 2026 1.07% (1.11)
Mar 2026 2.18% 0.27
Dec 2025 1.91% 2.17
35 more quarters

Against its own ten years

Low −18.3% High 16.0%
Ten-year median 5.20%
Current reading's percentile 31

Operating margin against peers

Company Operating margin
FLOC Flowco Holdings Inc. compare 18.8%
EFXT Enerflex Ltd. compare 10.8%
NESR National Energy Services Reunited compare 9.34%
INVX Innovex International, Inc. compare 6.85%
WTTR Select Water Solutions, Inc. compare 3.51%
XPRO Expro Group Holdings N.V. compare 1.91%
LBRT Liberty Energy Inc. 1.67%
NEXT NextDecade Corporation compare 0.00%
EROK EagleRock Land LLC compare —
Oil & Gas Equipment & Services industry median 7.44%
Energy sector median 15.2%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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