Is the business good?
How good a business is LBRT?
Liberty Energy Inc. earns 1.5% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
1.5%
Return on invested capital · cost of capital 9.0% · 7.5 points below what the capital costs: growth destroys value
- Operating margin
- 1.3%
Operating margin · Oil & Gas Equipment & Services median 10% · 12 months to Q2 2026
- Share count, year on year
- +2.1%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 19%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −18% |
| FY2021 | −7.3% |
| FY2022 | 12% |
| FY2023 | 16% |
| FY2024 | 9.0% |
| FY2025 | 1.8% |
Details›
- Gross margin12 months to Q2 2026
- 19%
- Operating margin12 months to Q2 2026
- 1.3%
- Net margin12 months to Q2 2026
- 2.9%
- Free cash flow margin
- −7.5%
- Revenue, trailing twelve months
- $4.20B
- Free cash flow, trailing twelve months
- −$317M
- Net income, trailing twelve months
- $122M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 1.5%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Oil & Gas Equipment & Services
Ranks #17 of 27 by Smart Score