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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%
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 (at or above 1.5: strong)
Debt/Equity 0.75
P/E ratio 22.13
Fwd P/E 72.80 (above 35: high)
P/S ratio 0.64
P/B ratio 1.38
Past 5Y EPS Growth —
This Y EPS Growth 43.59% (at or above 15%: strong)
Next Y EPS Growth (70.34%) (below 0%: weak)
Next Y revenue growth 13.23% (at or above 10%: strong)
Next 5Y EPS Growth 65.05% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 0.8×; over the ten years it ranged from 0.2× in 2020 to 2.4× in 2021.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Liberty Energy Inc. vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

Liberty Energy Inc. (LBRT) Latest News

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stockrow.com/LBRT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com