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Liberty Energy, Inc. (LBRT)

NYSE Energy Oil & Gas Equipment & Services S&P SmallCap 600
$11.96
+0.61 (+5.37%)
Close of Nov 06, 2026 · end-of-day data
Source: Liberty Energy, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$374.77M$1.49B$2.16B$1.99B$965.79M$2.47B$4.15B$4.75B$4.32B$4.01B
Cost of revenue$354.73M$1.15B$1.63B$1.62B$857.98M$2.25B$3.15B$3.35B$3.20B$3.17B
Gross profit$20.04M$342.85M$526.38M$369.17M$107.81M$220.86M$1.00B$1.40B$1.11B$838.01M
Operating income-$54.43M$181.14M$306.56M$103.60M-$177.03M-$181.22M$495.89M$760.58M$389.47M$72.71M
Interest expense$6.13M$12.64M$17.14M$14.68M$14.51M—$22.71M$29.49M$32.69M$40.31M
Pre-tax income———$88.92M-$191.53M-$177.79M$399.51M$734.89M$403.27M$195.19M
Income tax$0$0$40.38M$14.05M-$30.86M$9.22M-$793.00K$178.48M$87.26M$47.32M
Net income$0$0$126.35M$39.00M-$115.58M-$179.24M$399.60M$556.32M$316.01M$147.87M
EBITDA-$13.07M$262.61M$431.67M$268.98M$3.06M$81.53M$818.92M$1.18B$894.52M$573.04M
EPS (basic)——$1.84$0.54$-1.36$-1.03$2.17$3.24$1.91$0.91
EPS (diluted)——$1.81$0.53$-1.36$-1.03$2.11$3.15$1.87$0.89
Diluted shares——117.84M105.26M85.24M174.02M189.35M176.36M169.40M165.37M
Gross margin5.3%23.0%24.4%18.5%11.2%8.9%24.1%29.5%25.8%20.9%
Operating margin-14.5%12.2%14.2%5.2%-18.3%-7.3%12.0%16.0%9.0%1.8%
Net margin0.0%0.0%5.9%2.0%-12.0%-7.3%9.6%11.7%7.3%3.7%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$11.48M$16.32M$103.31M$112.69M$68.98M$20.00M$43.68M$36.78M$19.98M$27.55M
Receivables—$195.96M$153.59M$204.41M$244.43M$298.53M$410.31M——$351.72M
Inventory—$55.52M$60.02M$88.55M$118.57M$134.59M$214.45M$205.87M$203.47M$188.12M
Total current assets—$352.03M$461.22M$488.97M$567.13M$630.38M$956.67M$954.25M$848.52M$877.97M
Total assets—$852.10M$1.12B$1.28B$1.89B$2.04B$2.58B$3.03B$3.30B$3.56B
Total current liabilities—$220.50M$219.74M$266.50M$356.15M$569.25M$649.50M$639.42M$666.52M$720.35M
Short-term debt—$11.00K$385.00K$409.00K$364.00K$1.01M$1.02M$0$0$5.10M
Long-term debt—$196.35M$106.14M$105.73M$105.41M$121.44M$217.43M$140.00M$190.50M$241.51M
Total debt—$196.36M$106.52M$106.14M$105.78M$122.45M$218.45M$140.00M$190.50M$246.61M
Total liabilities—$416.85M$375.69M$501.94M$579.90M$810.22M$1.08B$1.19B$1.32B$1.48B
Shareholders' equity$228.97M$0$433.07M$554.83M$1.15B$1.21B$1.50B$1.84B$1.98B$2.08B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$40.71M$195.11M$351.26M$261.10M$85.42M$135.47M$530.36M$1.01B$829.37M$609.60M
Capital expenditures$102.43M$311.79M$258.83M$195.17M$103.64M$198.79M$451.90M$603.30M$651.03M$595.49M
Free cash flow-$143.14M-$116.69M$92.42M$65.93M-$18.21M-$63.33M$78.46M$411.29M$178.34M$14.11M
Investing cash flow-$96.35M-$310.04M-$255.49M-$194.35M-$100.27M-$186.49M-$450.66M-$672.33M-$643.11M-$435.04M
Financing cash flow$148.54M$119.77M-$8.78M-$57.38M-$28.87M$2.06M-$55.77M-$349.31M-$202.71M-$167.54M
Dividends paid$0$0$6.91M$14.78M$4.43M$168.00K$9.16M$37.68M$48.31M$54.48M
Share buybacks$0$0$82.90M$18.40M$0$0$125.31M$203.10M$129.25M$24.88M
Stock-based compensation—$0$5.45M$13.59M$17.14M$19.95M$23.11M$33.03M$32.41M$41.92M
Depreciation & amortization$41.36M$81.47M$125.11M$165.38M$180.08M$262.76M$323.03M$421.51M$505.05M$500.33M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.