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

Liberty Global Ltd

LBTYB Communication Services Telecom Services

Liberty Global Ltd’s revenue for fiscal 2025 (year ended December 2025) was $4.9 billion, up 12.4% from fiscal 2024. In the quarter to June 2026, revenue fell 7.65%, EPS grew 86.8%, free cash flow grew 429.7% and total debt fell 14.8%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

12.05 0.06 −0.50%

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Market cap: $7.1B
P/E: 0.0×
Fwd P/E: —
Dividend yield: —
F-score: 5/9
Altman Z: 0.73
Beneish M: −4.03
Dividend safety: n/a

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

Insider Decisions trades per month

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

Insider Ownership 2.38%

Capital & Financial Ratios $m

Market Cap 7,077.28

Revenue 4,884.80

Net Income (2,999.20)

Free Cash Flow 423.00

Net Debt 5,931.70

Current Ratio 1.28

Debt/Equity 0.88

P/E ratio 0.00

Fwd P/E —

P/S ratio 0.84

P/B ratio 0.43

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth —

Next 5Y EPS Growth —

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

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 6.52%

10-year low 10-year high

P/B against its own 10 years 30.59%

10-year low 10-year high

EV/Sales against its own 10 years 5.23%

10-year low 10-year high

EV/FCF against its own 10 years 86.64%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	3,401	2,152	2,158	2,419
Receivables	404	450	558	521
Inventory	—	—	—	—
Other	639	699	681	558
	5,642	3,300	3,396	3,498

	2023	2024	2025	Q'26
Payables	408	371	479	443
ST’ Debt	429	899	764	620
Other	213	148	—	—
	4,333	3,134	3,159	2,742

Compound Annual Growth %

	10y	5y	3y
Sales	(11.77%)	(15.83%)	6.69%
Cash Flow	(14.40%)	(21.97%)	(24.71%)
Earnings	0.00%	0.00%	0.00%
Book Value	(0.23%)	(5.64%)	(23.91%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,275	1,172	—	—	—
’25	1,171	1,269	1,207	1,231	4,879
’24	1,091	1,058	1,070	1,123	4,342
’23	1,868	1,848	1,855	(1,455)	4,116
’22	1,853	1,754	1,746	(1,336)	4,018
’21	3,500	2,989	1,901	1,921	10,311
’20	2,876	2,723	2,845	3,101	11,545

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	108	231	—	—	—
’25	129	149	302	631	1,211
’24	246	546	450	792	2,033
’23	308	692	327	839	2,166
’22	657	757	541	883	2,838
’21	821	1,124	613	991	3,549
’20	450	1,142	1,100	1,494	4,186

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(290)	561	—	—	—
’25	(114)	(170)	(41)	193	(132)
’24	40	361	229	495	1,124
’23	(69)	381	(1)	934	1,244
’22	284	496	1,025	141	1,947
’21	359	744	341	698	2,141
’20	102	840	830	1,121	2,893

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.96	(1.07)	—	—	—
’25	(3.84)	(8.09)	(0.27)	(8.60)	(20.86)
’24	1.32	0.71	(3.95)	6.11	4.23
’23	(1.59)	(1.13)	1.57	(8.23)	(9.52)
’22	1.95	5.47	4.87	(9.27)	2.96
’21	2.37	19.55	0.49	1.15	23.59
’20	1.50	(0.86)	(1.73)	(1.72)	(2.70)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	27.32	29.05	20.70	20.99	15.98	22.58	16.30	15.47	11.38	9.15	Analyst estimates 2026–2028 Powerpack
	High	44.39	39.85	39.00	30.05	58.31	38.89	30.30	22.20	21.90	13.59
People
People	Employees	41,000	26,700	26,600	20,200	23,000	11,200	10,100	9,860	6,820	6,636
	Revenue/emp, $m	0.33	0.42	0.45	0.55	0.50	0.92	0.40	0.42	0.64	0.74
Income, $m
Income, $m	Revenue	13,731	11,276	11,958	11,116	11,545	10,311	4,018	4,116	4,342	4,879
	Gross margin, %	60.50	73.63	58.49	57.63	71.24	70.74	73.46	50.17	49.06	47.74
	EBT	243	(2,111)	162	(1,242)	(1,801)	14,001	1,178	(3,446)	1,838	(7,172)
	EBT margin, %	1.77	(18.72)	1.35	(11.17)	(15.60)	135.78	29.33	(83.73)	42.34	(147.02)
	Net income	1,767	(2,721)	850	11,638	(1,467)	13,610	1,986	(3,874)	1,646	(7,097)
	Depreciation	4,187	3,852	3,915	3,600	2,272	2,386	1,119	1,276	1,067	1,089
Per share, $
Per share, $	Revenue	15.43	13.30	15.36	15.75	19.18	18.56	8.21	9.67	11.84	14.25
	Earnings	2.12	(2.29)	0.93	16.32	(2.70)	24.16	3.01	(9.52)	4.33	(20.86)
	Cash flow	6.68	6.73	7.66	6.50	6.95	6.39	5.80	5.09	5.54	3.54
	Capex	(1.73)	(1.47)	(1.87)	(1.66)	(2.15)	(2.53)	(1.82)	(2.17)	(2.48)	(3.92)
	Free cash flow	4.95	5.26	5.79	4.84	4.81	3.85	3.98	2.92	3.07	(0.39)
	Book value	16.56	7.54	5.33	18.70	22.09	46.06	46.11	44.65	34.21	29.06
	Shares, m	890	848	779	706	602	556	490	426	367	342
Valuation, ×
Valuation, ×	P/E	15.68	0.00	22.34	1.43	0.00	1.17	6.20	0.00	2.92	0.00
	P/S	2.04	2.72	1.37	1.44	1.28	1.52	2.32	1.84	1.09	0.83
	P/B	1.90	4.79	3.94	1.22	1.11	0.61	0.41	0.40	0.38	0.41
	EV/Sales	4.69	5.46	3.74	3.25	2.32	2.65	4.66	3.27	2.69	2.16
	EV/FCF	14.64	13.82	9.91	10.56	9.26	12.75	9.62	10.81	10.40	(79.99)
Cash, $m
Cash, $m	Operating cash flow	5,941	5,708	5,963	4,585	4,186	3,549	2,838	2,166	2,033	1,211
	Capex	(1,540)	(1,250)	(1,453)	(1,168)	(1,293)	(1,408)	(891)	(922)	(908)	(1,343)
	Free cash flow	4,401	4,458	4,510	3,417	2,893	2,141	1,947	1,244	1,124	(132)
Balance, $m
Balance, $m	Working capital	(2,671)	(5,634)	(6,165)	1,922	1,291	1,856	2,376	1,309	166	237
	Total debt	37,511	32,645	29,805	28,183	14,947	14,825	13,763	9,269	9,101	8,595
	Net debt	36,434	30,972	28,325	20,040	12,020	11,645	9,415	5,868	6,949	6,437
	Shareholders’ equity	14,732	6,393	4,148	13,199	13,298	25,598	22,573	19,007	12,544	9,946
Returns, %
Returns, %	ROA	2.50	(4.40)	1.31	22.55	(3.01)	25.33	3.28	(9.54)	4.70	(29.72)
	ROIC	1.92	1.33	1.61	1.24	5.01	2.22	0.21	(0.79)	(0.19)	(0.09)
	ROE	13.69	(26.30)	13.76	132.84	(12.29)	69.04	6.12	(19.49)	10.07	(63.48)

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
GSAT Globalstar, Inc.	$10.8B	— (loss-making)	— (loss-making)	−3.54% (below 0%: shrinking)	n/m	−20.48% (below 0%: shrinking)	58.32%	(7.37%)	Compare
KT KT Corporation	$8.9B	9.9×	—	−10.06% (below 0%: shrinking)	−39.60% (below 0%: shrinking)	−46.85% (below 0%: shrinking)	9.71%	9.71%	Compare
TIMB TIM S.A. Sponsored ADR	$8.8B	11.0×	13.4×	+18.33% (above 0%: growing)	+14.29% (above 0%: growing)	+17.75% (above 0%: growing)	55.35%	24.42%	Compare
LBTYB Liberty Global Ltd	$7.1B	— (loss-making)	—	−7.65% (below 0%: shrinking)	n/m	+429.69% (above 0%: growing)	50.62%	0.26%
VEON VEON Ltd.	$5.3B	100×	7.4×	+16.93% (above 0%: growing)	−79.56% (below 0%: shrinking)	+431.58% (above 0%: growing)	86.55%	27.46%	Compare
LUMN Lumen Technologies, Inc.	$5.0B	— (loss-making)	— (loss-making)	−9.28% (below 0%: shrinking)	n/m	+124.34% (above 0%: growing)	49.55%	(3.14%)	Compare
IRDM Iridium Communications Inc	$4.8B	49.6×	42.9×	+3.84% (above 0%: growing)	−55.00% (below 0%: shrinking)	−15.24% (below 0%: shrinking)	71.23%	15.10%	Compare
TKC Turkcell Iletisim Hizmetleri AS	$4.3B	10.1×	—	+15.43% (above 0%: growing)	+8.33% (above 0%: growing)	−58.09% (below 0%: shrinking)	25.36%	12.41%	Compare
PHI PLDT Inc.	$4.3B	9.4×	7.5×	−5.84% (below 0%: shrinking)	−24.00% (below 0%: shrinking)	+78.48% (above 0%: growing)	57.86%	20.01%	Compare
Median of peers	$5.2B	10.5×	10.5×	+0.15%	−31.80%	+1.25%	56.60%	13.76%

All 55 Telecom Services stocks →

Liberty Global Ltd (LBTYB) key facts

Strength: Liberty Global Ltd’s revenue for fiscal 2025 (year ended December 2025) was $4.9 billion, up 12.4% from fiscal 2024.
Liberty Global Ltd (LBTYB) is a Telecom Services company in the Communication Services sector, listed on Nasdaq.
As of October 16, 2026, LBTYB traded at $12.05, a market capitalization of $7.1 billion.
Return on equity was −63.5% and debt-to-equity 0.88.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.73 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.