Liberty Energy (LBRT) Financials

$11.85 +0.14 (+1.20%)

Closing price 03:59 PM Eastern

Extended Trading

$11.92 +0.08 (+0.63%)

As of 07:34 PM Eastern

Annual Income Statements for Liberty Energy

This table shows Liberty Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Net Income / (Loss) Attributable to Common Shareholders	316	556	400	-179	-116	39	126	0.00	0.00
Consolidated Net Income / (Loss)	316	556	400	-187	-161	75	249	169	-61
Net Income / (Loss) Continuing Operations	316	556	400	-187	-161	75	249	169	-61
Total Pre-Tax Income	403	735	400	-178	-192	89	289	169	-61
Total Operating Income	389	761	496	-181	-177	104	307	181	-54
Total Gross Profit	1,115	1,399	1,000	221	108	369	526	343	20
Total Revenue	4,315	4,748	4,149	2,471	966	1,990	2,155	1,490	375
Operating Revenue	4,315	4,748	4,149	2,471	966	1,990	2,155	1,490	375
Total Cost of Revenue	3,201	3,349	3,149	2,250	858	1,621	1,629	1,147	355
Operating Cost of Revenue	3,201	3,349	3,149	2,250	858	1,621	1,629	1,147	355
Total Operating Expenses	725	638	504	402	285	266	220	162	74
Selling, General & Admin Expense	225	221	180	123	84	98	98	80	36
Depreciation Expense	505	422	323	263	180	165	125	81	41
Other Operating Expenses / (Income)	0.00	2.05	5.84	15	21	0.00	0.63	-	-
Other Special Charges / (Income)	-5.34	-6.99	-4.60	0.78	-0.41	2.60	-4.34	0.15	-2.67
Total Other Income / (Expense), net	14	-26	-96	3.44	-15	-15	-17	-13	-6.13
Interest Expense	33	29	23	16	15	17	18	13	6.13
Interest & Investment Income	0.48	1.99	0.00	0.00	0.26	2.80	0.38	0.05	-
Other Income / (Expense), net	46	1.82	-74	19	0.00	0.00	-	-	-
Income Tax Expense	87	178	-0.79	9.22	-31	14	40	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.09	0.70	-7.76	-45	36	123	0.00	-61
Basic Earnings per Share	$1.91	$3.24	$2.17	($1.03)	($1.36)	$0.54	$1.84	-	-
Weighted Average Basic Shares Outstanding	165.03M	171.85M	184.33M	174.02M	85.24M	72.33M	68.84M	-	-
Diluted Earnings per Share	$1.87	$3.15	$2.11	($1.03)	($1.36)	$0.53	$1.81	-	-
Weighted Average Diluted Shares Outstanding	169.40M	176.36M	189.35M	174.02M	85.24M	105.26M	117.84M	-	-
Weighted Average Basic & Diluted Shares Outstanding	161.92M	166.68M	176.11M	186.09M	179.54M	194.48M	68.70M	-	-
Cash Dividends to Common per Share	$0.29	$0.22	-	-	-	-	-	-	-

This table shows Liberty Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	20	52	74	108	82	92	149	153	163	153	147
Consolidated Net Income / (Loss)	20	52	74	108	82	92	149	153	163	153	147
Net Income / (Loss) Continuing Operations	20	52	74	108	82	92	149	153	163	153	147
Total Pre-Tax Income	28	58	96	141	108	119	198	200	217	149	150
Total Operating Income	18	25	107	142	115	124	205	206	225	198	183
Total Gross Profit	216	202	298	324	290	298	366	362	374	335	314
Total Revenue	977	944	1,139	1,160	1,073	1,075	1,216	1,195	1,262	1,226	1,188
Operating Revenue	977	944	1,139	1,160	1,073	1,075	1,216	1,195	1,262	1,226	1,188
Total Cost of Revenue	762	742	840	836	783	777	850	833	888	891	874
Operating Cost of Revenue	762	742	840	836	783	777	850	833	888	891	874
Total Operating Expenses	198	177	191	182	175	174	160	155	149	136	131
Selling, General & Admin Expense	66	56	59	58	53	55	55	58	53	49	50
Depreciation Expense	128	132	126	123	123	118	109	100	94	88	83
Other Operating Expenses / (Income)	0.81	-	0.00	0.00	0.00	0.25	0.20	0.99	0.62	0.54	1.77
Other Special Charges / (Income)	3.35	-11	6.02	1.25	-1.16	-0.01	-3.81	-3.66	0.49	-1.56	-4.28
Total Other Income / (Expense), net	9.75	33	-11	-0.86	-7.06	-4.55	-6.78	-6.48	-7.89	-50	-33
Interest Expense	9.54	8.50	8.59	8.06	7.54	7.10	7.31	6.83	8.26	6.76	6.77
Interest & Investment Income	19	-	0.00	0.00	0.48	0.73	0.53	0.35	0.37	-2.53	2.53
Income Tax Expense	7.81	6.08	22	33	26	27	50	47	54	-4.43	2.57
Basic Earnings per Share	$0.12	$0.32	$0.45	$0.65	$0.49	$0.56	$0.88	$0.88	$0.92	$0.85	$0.79
Weighted Average Basic Shares Outstanding	161.94M	165.03M	164.74M	166.21M	166.33M	171.85M	169.78M	173.13M	176.57M	184.33M	185.51M
Diluted Earnings per Share	$0.12	$0.31	$0.44	$0.64	$0.48	$0.53	$0.85	$0.87	$0.90	$0.81	$0.78
Weighted Average Diluted Shares Outstanding	165.78M	169.40M	168.60M	169.67M	171.44M	176.36M	173.98M	176.23M	181.09M	189.35M	189.91M
Weighted Average Basic & Diluted Shares Outstanding	161.95M	161.92M	163.42M	165.33M	166.65M	166.68M	168.61M	170.39M	175.11M	176.11M	182.48M
Cash Dividends to Common per Share	$0.08	-	$0.07	$0.07	$0.07	-	$0.05	$0.05	$0.05	-	-

This table details how cash moves in and out of Liberty Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Net Change in Cash & Equivalents	-16	-7.06	24	-49	-44	9.38	87	4.84	11
Net Cash From Operating Activities	829	1,015	530	135	85	261	351	195	-41
Net Cash From Continuing Operating Activities	829	1,015	530	135	85	260	351	195	-41
Net Income / (Loss) Continuing Operations	316	556	400	-187	-161	75	249	169	-61
Consolidated Net Income / (Loss)	316	556	400	-187	-161	75	249	169	-61
Depreciation Expense	505	422	323	263	180	165	125	81	41
Non-Cash Adjustments To Reconcile Net Income	-16	28	97	32	28	16	4.50	0.41	-2.67
Changes in Operating Assets and Liabilities, net	24	8.64	-290	27	38	1.85	-31	-58	-19
Net Cash From Investing Activities	-643	-672	-451	-186	-100	-194	-255	-310	-96
Net Cash From Continuing Investing Activities	-643	-672	-451	-186	-100	-194	-255	-310	-96
Purchase of Property, Plant & Equipment	-651	-603	-452	-199	-104	-195	-259	-312	-102
Acquisitions	0.00	-76	0.00	0.00	0.00	-	-	-	-
Purchase of Investments	-16	-20	-15	-	-	-	-	-	-
Sale of Property, Plant & Equipment	24	27	24	25	3.37	0.83	3.34	1.75	6.08
Other Investing Activities, net	0.00	0.00	-7.42	-13	0.00	-	-	-	-
Net Cash From Financing Activities	-203	-349	-56	2.06	-29	-57	-8.78	120	149
Net Cash From Continuing Financing Activities	-203	-349	-56	2.06	-29	-57	-8.78	120	149
Repayment of Debt	-2,188	-1,234	-618	-261	-1.81	-1.75	-93	-225	-92
Repurchase of Common Equity	-129	-203	-125	-1.33	-1.64	-20	-89	-67	0.00
Payment of Dividends	-48	-38	-8.26	1.20	-13	-23	-12	0.00	0.00
Issuance of Debt	2,238	1,153	713	274	0.00	0.00	-	412	85
Other Financing Activities, net	-76	-27	-17	-11	-13	-13	-45	0.00	155
Cash Interest Paid	33	27	20	13	11	13	14	9.77	4.73
Cash Income Taxes Paid	36	67	11	-9.48	-9.65	1.04	27	0.00	0.00

This table details how cash moves in and out of Liberty Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	4.09	-2.76	-7.16	6.30	-13	9.87	-4.82	11	-23	20	-17
Net Cash From Operating Activities	192	177	244	248	159	295	275	240	204	238	157
Net Cash From Continuing Operating Activities	192	177	244	248	159	295	275	240	204	238	157
Net Income / (Loss) Continuing Operations	20	52	74	108	82	92	149	153	163	153	147
Consolidated Net Income / (Loss)	20	52	74	108	82	92	149	153	163	153	147
Depreciation Expense	128	132	126	123	123	118	109	100	94	88	83
Non-Cash Adjustments To Reconcile Net Income	4.46	-42	17	2.10	6.28	11	2.77	4.78	9.45	49	31
Changes in Operating Assets and Liabilities, net	40	35	27	14	-52	73	15	-17	-63	-52	-104
Net Cash From Investing Activities	-106	-188	-163	-150	-142	-144	-172	-227	-130	-117	-101
Net Cash From Continuing Investing Activities	-106	-188	-163	-150	-142	-144	-172	-227	-130	-117	-101
Purchase of Property, Plant & Equipment	-134	-203	-167	-136	-145	-138	-173	-159	-133	-125	-102
Acquisitions	-15	16	-	-	-	10	-11	-	-	15	-5.00
Sale of Property, Plant & Equipment	13	15	3.76	1.88	2.99	4.48	12	7.40	3.48	8.86	7.18
Sale and/or Maturity of Investments	30	-	-	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	-82	8.10	-89	-92	-30	-141	-108	-3.11	-97	-101	-73
Net Cash From Continuing Financing Activities	-82	8.10	-89	-92	-30	-141	-108	-3.11	-97	-101	-73
Repayment of Debt	-474	-500	-608	-533	-547	-363	-413	-205	-253	-205	-144
Repurchase of Common Equity	-24	-30	-39	-30	-30	-39	-29	-60	-75	-55	-70
Payment of Dividends	-13	-13	-11	-12	-12	-12	-8.44	-8.79	-8.78	-9.03	-
Issuance of Debt	493	567	584	514	573	280	348	283	242	170	143
Other Financing Activities, net	-64	-16	-14	-31	-14	-7.22	-5.41	-12	-2.17	-2.17	-2.10
Cash Interest Paid	9.04	7.90	9.33	8.39	7.45	7.13	7.56	6.19	5.77	6.69	5.27
Cash Income Taxes Paid	0.83	-4.38	16	7.69	17	11	7.13	53	-3.47	4.24	0.43

This table presents Liberty Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017
Total Assets	3,296	3,034	2,576	2,041	1,890	1,283	1,117	852
Total Current Assets	849	954	957	630	567	489	461	352
Cash & Equivalents	20	37	44	20	69	113	103	16
Accounts Receivable	540	587	586	407	314	253	248	259
Inventories, net	203	206	214	135	119	89	60	56
Prepaid Expenses	85	124	113	68	66	35	50	21
Plant, Property, & Equipment, net	1,891	1,645	1,362	1,199	1,121	652	627	495
Total Noncurrent Assets	557	434	257	211	202	143	28	5.30
Long-Term Investments	81	32	-	-	-	-	-	-
Noncurrent Note & Lease Receivables	283	182	42	18	39	55	-	-
Other Noncurrent Operating Assets	193	220	203	192	158	87	28	5.30
Total Liabilities & Shareholders' Equity	3,296	3,034	2,576	2,041	1,890	1,283	1,117	852
Total Liabilities	1,318	1,192	1,079	810	580	502	376	417
Total Current Liabilities	667	639	649	569	356	266	220	221
Accounts Payable	314	294	327	289	193	118	83	69
Accrued Expenses	207	261	281	235	118	43	68	79
Current Deferred Revenue	41	-	-	4.55	0.00	-	-	9.23
Current Deferred & Payable Income Tax Liabilities	9.69	12	2.29	-	-	-	-	-
Other Current Liabilities	95	73	39	40	44	66	36	32
Total Noncurrent Liabilities	651	553	429	241	224	235	156	196
Long-Term Debt	191	140	217	121	105	106	106	196
Noncurrent Deferred Revenue	75	112	119	38	57	48	17	-
Noncurrent Deferred & Payable Income Tax Liabilities	138	102	1.04	0.56	0.00	20	33	0.00
Other Noncurrent Operating Liabilities	248	198	92	81	62	62	0.00	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,979	1,841	1,497	1,230	1,310	781	741	393
Total Preferred & Common Equity	1,979	1,841	1,495	1,213	1,151	555	433	0.00
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,979	1,841	1,495	1,213	1,151	555	433	393
Common Stock	979	1,095	1,268	1,370	1,127	412	314	0.00
Retained Earnings	1,020	752	235	-156	23	143	119	0.00
Accumulated Other Comprehensive Income / (Loss)	-20	-6.08	-7.40	-0.31	0.00	-	-	-

This table presents Liberty Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,356	3,273	3,241	3,098	3,089	2,925	2,761	2,525
Total Current Assets	859	923	1,002	978	1,068	1,074	1,070	996
Cash & Equivalents	24	23	30	24	27	32	21	24
Accounts Receivable	544	598	676	649	728	719	733	691
Inventories, net	203	198	206	210	212	201	197	186
Prepaid Expenses	87	108	90	95	101	122	120	95
Plant, Property, & Equipment, net	1,926	1,834	1,751	1,694	1,613	1,546	1,431	1,295
Total Noncurrent Assets	581	516	488	425	408	304	259	234
Long-Term Investments	79	35	37	-	-	-	-	-
Noncurrent Note & Lease Receivables	297	276	241	196	135	53	41	32
Other Noncurrent Operating Assets	205	205	210	229	252	230	197	202
Total Liabilities & Shareholders' Equity	3,356	3,273	3,241	3,098	3,089	2,925	2,761	2,525
Total Liabilities	1,382	1,304	1,304	1,213	1,301	1,251	1,171	1,118
Total Current Liabilities	717	749	744	662	794	744	755	705
Accounts Payable	369	347	348	316	359	369	412	378
Accrued Expenses	219	241	249	235	268	265	240	287
Current Deferred Revenue	7.73	37	-	-	17	19	3.42	0.98
Current Deferred & Payable Income Tax Liabilities	17	30	61	37	95	52	62	-
Other Current Liabilities	103	93	85	74	56	39	37	38
Total Noncurrent Liabilities	665	555	561	551	507	506	416	413
Long-Term Debt	210	123	147	166	223	288	210	253
Noncurrent Deferred Revenue	67	75	75	75	115	115	115	71
Noncurrent Deferred & Payable Income Tax Liabilities	138	102	102	102	1.04	1.07	1.04	0.56
Other Noncurrent Operating Liabilities	250	255	236	207	168	102	90	89
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,974	1,969	1,937	1,884	1,789	1,674	1,590	1,407
Total Preferred & Common Equity	1,974	1,969	1,937	1,884	1,789	1,674	1,590	1,405
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,974	1,969	1,937	1,884	1,789	1,674	1,590	1,405
Common Stock	967	998	1,030	1,072	1,126	1,148	1,210	1,323
Retained Earnings	1,027	981	919	822	672	532	388	91
Accumulated Other Comprehensive Income / (Loss)	-20	-9.89	-12	-9.81	-9.02	-5.87	-7.87	-8.60

This table displays calculated financial ratios and metrics derived from Liberty Energy's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.11%	14.43%	67.93%	155.83%	-51.48%	-7.65%	44.65%	297.54%	0.00%
EBITDA Growth	-20.56%	58.86%	641.01%	3,188.82%	-98.87%	-37.76%	64.47%	2,229.25%	0.00%
EBIT Growth	-42.88%	80.57%	360.33%	8.38%	-270.88%	-66.21%	69.24%	432.76%	0.00%
NOPAT Growth	-47.00%	15.90%	491.68%	-2.37%	-242.07%	-66.93%	45.63%	575.38%	0.00%
Net Income Growth	-43.21%	39.00%	314.06%	-16.39%	-314.62%	-69.94%	47.79%	378.24%	0.00%
EPS Growth	-40.63%	49.29%	304.85%	24.26%	-356.60%	-70.72%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-18.25%	91.30%	291.51%	58.58%	-67.28%	-25.67%	80.03%	579.29%	0.00%
Free Cash Flow Firm Growth	-55.27%	112.41%	239.66%	83.77%	-1,155.97%	-50.09%	129.96%	0.00%	0.00%
Invested Capital Growth	8.12%	14.41%	25.45%	-1.04%	73.80%	2.83%	21.19%	0.00%	0.00%
Revenue Q/Q Growth	-2.95%	-3.08%	15.02%	59.23%	-39.60%	-3.64%	1.14%	0.00%	0.00%
EBITDA Q/Q Growth	-3.99%	-3.48%	43.87%	1,021.20%	-96.05%	-15.51%	-2.89%	0.00%	0.00%
EBIT Q/Q Growth	-10.82%	-8.73%	99.59%	22.66%	-71.13%	-36.63%	-6.55%	0.00%	0.00%
NOPAT Q/Q Growth	-18.56%	-14.61%	116.19%	13.58%	-71.13%	-37.70%	-8.92%	0.00%	0.00%
Net Income Q/Q Growth	-11.36%	-9.85%	110.04%	2.63%	-36.76%	-41.15%	-8.70%	0.00%	0.00%
EPS Q/Q Growth	-10.53%	-8.16%	113.13%	26.43%	-54.55%	-47.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-12.40%	5.95%	52.43%	41.76%	-0.70%	-29.94%	15.69%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-53.39%	2.58%	222.61%	84.49%	-1,885,580.76%	-53.85%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	1.48%	-3.63%	2.14%	4.24%	93.14%	0.68%	-2.45%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	25.83%	29.46%	24.11%	8.94%	11.16%	18.55%	24.42%	23.01%	5.35%
EBITDA Margin	21.80%	24.94%	17.96%	4.07%	0.32%	13.62%	20.22%	17.78%	-3.32%
Operating Margin	9.03%	16.02%	11.95%	-7.33%	-18.33%	5.21%	14.22%	12.16%	-14.52%
EBIT Margin	10.09%	16.06%	10.18%	-6.56%	-18.33%	5.21%	14.22%	12.16%	-14.52%
Profit (Net Income) Margin	7.32%	11.72%	9.65%	-7.57%	-16.64%	3.76%	11.56%	11.31%	-16.16%
Tax Burden Percent	78.36%	75.71%	100.20%	105.18%	83.89%	84.20%	86.05%	100.00%	100.00%
Interest Burden Percent	92.60%	96.39%	94.62%	109.62%	108.19%	85.83%	94.41%	93.02%	111.25%
Effective Tax Rate	21.64%	24.29%	-0.20%	0.00%	0.00%	15.80%	13.95%	0.00%	0.00%
Return on Invested Capital (ROIC)	15.33%	32.13%	33.07%	-9.47%	-11.68%	11.41%	38.36%	58.26%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	28.76%	16.33%	-36.60%	-95.85%	-254.72%	-384.32%	23.56%	44.71%	0.00%
Return on Net Nonoperating Assets (RNNOA)	1.21%	1.21%	-3.72%	-5.25%	-3.68%	-1.58%	3.99%	19.17%	0.00%
Return on Equity (ROE)	16.54%	33.33%	29.35%	-14.72%	-15.36%	9.84%	42.35%	77.43%	0.00%
Cash Return on Invested Capital (CROIC)	7.53%	18.69%	10.50%	-8.43%	-65.59%	8.62%	19.20%	-141.74%	0.00%
Operating Return on Assets (OROA)	13.76%	27.18%	18.29%	-8.25%	-11.16%	8.63%	31.15%	21.26%	0.00%
Return on Assets (ROA)	9.98%	19.84%	17.34%	-9.52%	-10.13%	6.24%	25.30%	19.77%	0.00%
Return on Common Equity (ROCE)	16.54%	33.31%	29.14%	-13.70%	-12.53%	6.38%	29.74%	69.87%	0.00%
Return on Equity Simple (ROE_SIMPLE)	15.97%	30.22%	26.78%	-15.41%	-13.96%	13.49%	57.50%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	305	576	497	-127	-124	87	264	181	-38
NOPAT Margin	7.07%	12.13%	11.98%	-5.13%	-12.83%	4.38%	12.24%	12.16%	-10.17%
Net Nonoperating Expense Percent (NNEP)	-13.43%	15.79%	69.67%	86.39%	243.04%	395.74%	14.80%	13.54%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	14.07%	29.06%	28.96%	-	-	-	-	-	-
Cost of Revenue to Revenue	74.17%	70.54%	75.89%	91.06%	88.84%	81.45%	75.58%	76.99%	94.65%
SG&A Expenses to Revenue	5.23%	4.66%	4.34%	4.99%	8.71%	4.90%	4.57%	5.38%	9.55%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.81%	13.44%	12.15%	16.27%	29.49%	13.34%	10.20%	10.85%	19.87%
Earnings before Interest and Taxes (EBIT)	435	762	422	-162	-177	104	307	181	-54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	941	1,184	745	101	3.06	271	436	265	-12
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.64	1.64	1.90	1.41	0.99	2.19	3.28	0.55	0.00
Price to Tangible Book Value (P/TBV)	1.64	1.64	1.90	1.41	0.99	2.19	3.28	0.55	0.00
Price to Revenue (P/Rev)	0.75	0.64	0.68	0.69	1.18	0.61	0.66	0.15	0.58
Price to Earnings (P/E)	10.29	5.42	7.11	0.00	0.00	31.10	11.26	0.00	0.00
Dividend Yield	1.46%	1.23%	0.32%	0.00%	1.98%	1.86%	0.81%	0.00%	0.00%
Earnings Yield	9.72%	18.45%	14.06%	0.00%	0.00%	3.22%	8.88%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.61	1.61	1.81	1.37	0.99	1.85	2.30	0.71	0.00
Enterprise Value to Revenue (EV/Rev)	0.77	0.65	0.73	0.74	1.38	0.72	0.80	0.29	0.00
Enterprise Value to EBITDA (EV/EBITDA)	3.55	2.61	4.05	18.17	436.30	5.28	3.98	1.66	0.00
Enterprise Value to EBIT (EV/EBIT)	7.67	4.05	7.15	0.00	0.00	13.83	5.65	2.42	0.00
Enterprise Value to NOPAT (EV/NOPAT)	10.94	5.36	6.08	0.00	0.00	16.43	6.57	2.42	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.03	3.04	5.69	13.49	15.62	5.49	4.94	2.25	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	22.29	9.21	19.14	0.00	0.00	21.75	13.13	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.08	0.15	0.10	0.08	0.14	0.14	0.45	0.00
Long-Term Debt to Equity	0.10	0.08	0.15	0.10	0.08	0.14	0.14	0.45	0.00
Financial Leverage	0.04	0.07	0.10	0.05	0.01	0.00	0.17	0.43	0.00
Leverage Ratio	1.66	1.68	1.69	1.55	1.52	1.58	1.67	1.96	0.00
Compound Leverage Factor	1.53	1.62	1.60	1.70	1.64	1.35	1.58	1.82	0.00
Debt to Total Capital	8.78%	7.07%	12.73%	9.05%	7.47%	11.96%	12.57%	31.09%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.06%	0.07%	0.03%	0.05%	0.05%	0.00%	0.00%
Long-Term Debt to Total Capital	8.78%	7.07%	12.67%	8.98%	7.45%	11.91%	12.53%	31.09%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.13%	1.27%	11.26%	25.54%	36.32%	6.73%	0.00%
Common Equity to Total Capital	91.22%	92.93%	87.13%	89.68%	81.27%	62.51%	51.11%	62.19%	0.00%
Debt to EBITDA	0.20	0.12	0.29	1.22	34.59	0.39	0.24	0.74	0.00
Net Debt to EBITDA	0.10	0.06	0.23	1.02	12.03	-0.02	0.01	0.68	0.00
Long-Term Debt to EBITDA	0.20	0.12	0.29	1.21	34.47	0.39	0.24	0.74	0.00
Debt to NOPAT	0.62	0.24	0.44	-0.97	-0.85	1.22	0.40	1.08	0.00
Net Debt to NOPAT	0.29	0.12	0.35	-0.81	-0.30	-0.08	0.01	0.99	0.00
Long-Term Debt to NOPAT	0.62	0.24	0.44	-0.96	-0.85	1.21	0.40	1.08	0.00
Altman Z-Score	3.72	4.38	4.00	2.14	1.53	3.63	5.52	2.95	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.07%	0.71%	6.95%	18.46%	35.11%	29.78%	9.76%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	1.27	1.49	1.47	1.11	1.59	1.83	2.10	1.60	0.00
Quick Ratio	0.84	0.98	0.97	0.75	1.08	1.37	1.60	1.25	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	150	335	158	-113	-696	66	132	-441	0.00
Operating Cash Flow to CapEx	132.26%	176.02%	123.85%	78.13%	85.20%	134.35%	137.48%	62.93%	-42.25%
Free Cash Flow to Firm to Interest Expense	4.58	11.36	6.94	-7.24	-47.12	3.77	7.53	-34.73	0.00
Operating Cash Flow to Interest Expense	25.37	34.40	23.35	8.68	5.78	14.93	20.04	15.38	-6.65
Operating Cash Flow Less CapEx to Interest Expense	6.19	14.86	4.50	-2.43	-1.01	3.82	5.46	-9.06	-22.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	1.36	1.69	1.80	1.26	0.61	1.66	2.19	1.75	0.00
Accounts Receivable Turnover	7.66	8.09	8.35	6.85	3.41	7.95	8.51	5.76	0.00
Inventory Turnover	15.64	15.94	18.04	17.77	8.29	21.82	28.19	20.66	0.00
Fixed Asset Turnover	2.44	3.16	3.24	2.13	1.09	3.11	3.84	3.01	0.00
Accounts Payable Turnover	10.53	10.79	10.23	9.33	5.52	16.18	21.48	16.66	0.00
Days Sales Outstanding (DSO)	47.68	45.11	43.70	53.29	107.12	45.93	42.91	63.40	0.00
Days Inventory Outstanding (DIO)	23.34	22.90	20.23	20.53	44.06	16.73	12.95	17.67	0.00
Days Payable Outstanding (DPO)	34.66	33.81	35.68	39.11	66.14	22.56	16.99	21.91	0.00
Cash Conversion Cycle (CCC)	36.36	34.20	28.25	34.71	85.03	40.09	38.87	59.16	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	2,068	1,913	1,672	1,333	1,347	775	754	622	0.00
Invested Capital Turnover	2.17	2.65	2.76	1.84	0.91	2.60	3.13	4.79	0.00
Increase / (Decrease) in Invested Capital	155	241	339	-14	572	21	132	622	0.00
Enterprise Value (EV)	3,340	3,087	3,019	1,828	1,334	1,433	1,734	439	0.00
Market Capitalization	3,250	3,015	2,842	1,708	1,138	1,213	1,423	216	216
Book Value per Share	$12.11	$10.92	$8.19	$6.73	$10.19	$4.93	$3.76	$30.85	$0.00
Tangible Book Value per Share	$12.11	$10.92	$8.19	$6.73	$10.19	$4.93	$3.76	$30.85	$0.00
Total Capital	2,169	1,981	1,716	1,353	1,416	888	847	632	0.00
Total Debt	191	140	218	122	106	106	107	196	0.00
Total Long-Term Debt	191	140	217	121	105	106	106	196	0.00
Net Debt	89	72	175	102	37	-6.55	3.21	180	0.00
Capital Expenditures (CapEx)	627	576	428	173	100	194	255	310	96
Debt-free, Cash-free Net Working Capital (DFCFNWC)	162	278	265	42	142	110	139	115	0.00
Debt-free Net Working Capital (DFNWC)	182	315	308	62	211	223	242	132	0.00
Net Working Capital (NWC)	182	315	307	61	211	222	241	132	0.00
Net Nonoperating Expense (NNE)	-11	19	97	60	37	12	15	13	22
Net Nonoperating Obligations (NNO)	89	72	175	102	37	-6.55	13	187	0.00
Total Depreciation and Amortization (D&A)	505	422	323	263	180	168	129	84	42
Debt-free, Cash-free Net Working Capital to Revenue	3.75%	5.86%	6.38%	1.71%	14.74%	5.54%	6.43%	7.73%	0.00%
Debt-free Net Working Capital to Revenue	4.22%	6.63%	7.43%	2.51%	21.88%	11.20%	11.22%	8.83%	0.00%
Net Working Capital to Revenue	4.22%	6.63%	7.40%	2.47%	21.85%	11.18%	11.21%	8.83%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.91	$3.24	$2.17	($1.03)	($1.36)	$0.54	$1.84	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	165.03M	171.85M	184.33M	174.02M	85.24M	72.33M	68.84M	0.00	0.00
Adjusted Diluted Earnings per Share	$1.87	$3.15	$2.11	($1.03)	($1.36)	$0.53	$1.81	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	169.40M	176.36M	189.35M	174.02M	85.24M	105.26M	117.84M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.54	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	161.92M	166.68M	176.11M	186.09M	179.54M	194.48M	112.31M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	301	571	344	-126	-124	89	260	127	-40
Normalized NOPAT Margin	6.98%	12.02%	8.29%	-5.11%	-12.86%	4.49%	12.07%	8.52%	-10.67%
Pre Tax Income Margin	9.35%	15.48%	9.63%	-7.20%	-19.83%	4.47%	13.43%	11.31%	-16.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.32	25.85	18.59	-10.39	-11.99	5.92	17.49	14.28	-8.89
NOPAT to Interest Expense	9.34	19.53	21.87	-8.13	-8.39	4.99	15.05	14.28	-6.22
EBIT Less CapEx to Interest Expense	-5.86	6.31	-0.26	-21.51	-18.78	-5.19	2.91	-10.16	-24.61
NOPAT Less CapEx to Interest Expense	-9.85	-0.02	3.02	-19.24	-15.18	-6.13	0.47	-10.16	-21.95
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.29%	6.77%	2.06%	0.64%	-7.94%	30.09%	4.65%	0.00%	0.00%
Augmented Payout Ratio	56.19%	43.31%	33.39%	-0.07%	-8.96%	56.69%	40.44%	39.72%	0.00%

This table displays calculated financial ratios and metrics derived from Liberty Energy's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.91%	-12.22%	-6.36%	-2.94%	-14.97%	-12.29%	2.33%	26.77%	59.20%	79.25%	81.77%
EBITDA Growth	-38.85%	-35.13%	-26.50%	-11.05%	-25.32%	-1.65%	32.62%	63.02%	328.32%	1,196.91%	658.59%
EBIT Growth	-84.26%	-79.86%	-49.06%	-27.82%	-48.72%	-21.69%	33.19%	86.97%	69,155.21%	400.17%	545.08%
NOPAT Growth	-84.99%	-76.74%	-46.31%	-30.79%	-48.28%	-53.07%	-14.55%	42.82%	6,176.11%	560.26%	749.34%
Net Income Growth	-75.44%	-43.83%	-50.34%	-28.98%	-49.68%	-39.69%	0.91%	44.93%	3,069.82%	370.94%	473.96%
EPS Growth	-75.00%	-41.51%	-48.24%	-26.44%	-46.67%	-34.57%	8.97%	58.18%	3,100.00%	361.29%	454.55%
Operating Cash Flow Growth	20.53%	-39.85%	-11.24%	3.22%	-21.84%	23.97%	75.47%	98.59%	1,301.45%	329.74%	252.16%
Free Cash Flow Firm Growth	68.26%	8.23%	115.04%	109.99%	18.93%	-7.56%	-8.73%	83.93%	-105.09%	-342.61%	70.67%
Invested Capital Growth	3.16%	8.12%	2.69%	4.46%	13.91%	14.41%	21.25%	25.14%	25.92%	25.45%	28.03%
Revenue Q/Q Growth	3.59%	-17.13%	-1.84%	8.08%	-0.17%	-11.59%	1.75%	-5.32%	2.98%	3.14%	26.06%
EBITDA Q/Q Growth	-7.11%	-31.98%	-15.20%	14.13%	-1.47%	-22.93%	2.63%	-4.18%	31.10%	3.93%	26.15%
EBIT Q/Q Growth	-27.09%	-76.16%	-29.85%	29.11%	-6.72%	-39.70%	-0.61%	-8.28%	44.77%	2.56%	39.52%
NOPAT Q/Q Growth	-41.33%	-72.96%	-24.36%	25.05%	-9.05%	-37.59%	-2.49%	-6.55%	-17.48%	13.64%	62.96%
Net Income Q/Q Growth	-61.25%	-29.69%	-31.93%	32.40%	-11.36%	-37.83%	-2.66%	-6.19%	6.24%	4.02%	39.80%
EPS Q/Q Growth	-61.29%	-29.55%	-31.25%	33.33%	-9.43%	-37.65%	-2.30%	-3.33%	11.11%	3.85%	41.82%
Operating Cash Flow Q/Q Growth	8.36%	-27.49%	-1.49%	55.71%	-45.92%	7.00%	14.56%	17.90%	-14.22%	51.45%	29.65%
Free Cash Flow Firm Q/Q Growth	61.78%	-555.65%	27.02%	114.35%	-2.47%	25.33%	15.63%	-16.46%	-46.61%	24.52%	87.53%
Invested Capital Q/Q Growth	1.08%	1.48%	1.09%	-0.51%	5.32%	-3.63%	2.83%	8.49%	6.41%	2.14%	6.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.08%	21.39%	26.20%	27.94%	27.07%	27.69%	30.07%	30.25%	29.61%	27.31%	26.41%
EBITDA Margin	14.93%	16.65%	20.28%	23.48%	22.24%	22.53%	25.84%	25.62%	25.32%	20.09%	19.94%
Operating Margin	1.86%	2.64%	9.42%	12.23%	10.76%	11.51%	16.88%	17.28%	17.84%	16.19%	15.40%
EBIT Margin	1.86%	2.64%	9.18%	12.85%	10.76%	11.51%	16.88%	17.28%	17.84%	12.89%	12.97%
Profit (Net Income) Margin	2.06%	5.50%	6.48%	9.35%	7.63%	8.59%	12.22%	12.78%	12.90%	12.50%	12.39%
Tax Burden Percent	72.04%	89.52%	76.91%	76.91%	75.57%	77.50%	74.88%	76.33%	74.92%	102.98%	98.28%
Interest Burden Percent	153.63%	232.58%	91.78%	94.59%	93.88%	96.33%	96.70%	96.86%	96.49%	94.13%	97.24%
Effective Tax Rate	27.96%	10.48%	23.09%	23.09%	24.43%	22.50%	25.12%	23.67%	25.08%	-2.98%	1.72%
Return on Invested Capital (ROIC)	2.75%	5.13%	16.02%	21.56%	19.47%	23.63%	34.19%	37.00%	38.67%	46.05%	37.45%
ROIC Less NNEP Spread (ROIC-NNEP)	8.17%	41.86%	9.47%	21.17%	16.25%	20.77%	31.81%	34.89%	35.46%	9.12%	16.86%
Return on Net Nonoperating Assets (RNNOA)	0.55%	1.76%	0.67%	1.97%	1.55%	1.53%	4.24%	5.45%	4.63%	0.93%	2.05%
Return on Equity (ROE)	3.29%	6.89%	16.69%	23.53%	21.02%	25.16%	38.43%	42.44%	43.30%	46.98%	39.50%
Cash Return on Invested Capital (CROIC)	8.07%	7.53%	15.98%	18.24%	12.98%	18.69%	18.03%	17.95%	18.16%	10.50%	-8.82%
Operating Return on Assets (OROA)	2.43%	3.60%	12.84%	18.85%	16.74%	19.49%	29.45%	32.00%	33.28%	23.18%	20.83%
Return on Assets (ROA)	2.69%	7.50%	9.06%	13.72%	11.88%	14.55%	21.33%	23.66%	24.06%	22.47%	19.91%
Return on Common Equity (ROCE)	3.29%	6.89%	16.69%	23.53%	21.02%	25.15%	38.40%	42.41%	43.26%	46.64%	39.28%
Return on Equity Simple (ROE_SIMPLE)	12.88%	0.00%	18.11%	22.27%	25.24%	0.00%	34.51%	36.79%	35.75%	0.00%	13.57%
Net Operating Profit after Tax (NOPAT)	13	22	83	109	87	96	154	158	169	204	180
NOPAT Margin	1.34%	2.36%	7.25%	9.40%	8.13%	8.92%	12.64%	13.19%	13.36%	16.68%	15.14%
Net Nonoperating Expense Percent (NNEP)	-5.43%	-36.74%	6.55%	0.39%	3.22%	2.86%	2.38%	2.11%	3.21%	36.93%	20.59%
Return On Investment Capital (ROIC_SIMPLE)	0.60%	1.03%	-	-	-	4.84%	-	-	-	11.91%	-
Cost of Revenue to Revenue	77.92%	78.61%	73.80%	72.06%	72.93%	72.31%	69.93%	69.75%	70.39%	72.69%	73.59%
SG&A Expenses to Revenue	6.73%	5.95%	5.15%	4.97%	4.94%	5.14%	4.53%	4.86%	4.20%	4.01%	4.25%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.22%	18.75%	16.78%	15.71%	16.31%	16.18%	13.19%	12.98%	11.77%	11.12%	11.01%
Earnings before Interest and Taxes (EBIT)	18	25	105	149	115	124	205	206	225	158	154
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	146	157	231	272	239	242	314	306	320	246	237
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.30	1.64	1.60	1.80	1.85	1.64	1.74	1.38	1.40	1.90	1.65
Price to Tangible Book Value (P/TBV)	1.30	1.64	1.60	1.80	1.85	1.64	1.74	1.38	1.40	1.90	1.65
Price to Revenue (P/Rev)	0.61	0.75	0.71	0.77	0.76	0.64	0.64	0.47	0.48	0.68	0.64
Price to Earnings (P/E)	10.08	10.29	8.85	8.07	7.32	5.42	5.05	3.76	3.91	7.11	12.14
Dividend Yield	1.90%	1.46%	1.47%	1.24%	1.16%	1.23%	1.09%	1.14%	0.79%	0.32%	0.00%
Earnings Yield	9.92%	9.72%	11.30%	12.39%	13.65%	18.45%	19.81%	26.62%	25.59%	14.06%	8.24%
Enterprise Value to Invested Capital (EV/IC)	1.28	1.61	1.58	1.77	1.79	1.61	1.67	1.33	1.35	1.81	1.56
Enterprise Value to Revenue (EV/Rev)	0.63	0.77	0.72	0.79	0.80	0.65	0.68	0.53	0.52	0.73	0.71
Enterprise Value to EBITDA (EV/EBITDA)	3.33	3.55	3.29	3.36	3.29	2.61	2.70	2.18	2.27	4.05	4.93
Enterprise Value to EBIT (EV/EBIT)	9.14	7.67	6.60	6.07	5.57	4.05	3.96	3.16	3.36	7.15	12.06
Enterprise Value to NOPAT (EV/NOPAT)	11.60	10.94	8.60	7.98	7.33	5.36	4.91	3.67	3.67	6.08	11.10
Enterprise Value to Operating Cash Flow (EV/OCF)	3.10	4.03	3.40	3.64	3.74	3.04	3.46	3.06	3.35	5.69	7.34
Enterprise Value to Free Cash Flow (EV/FCFF)	16.07	22.29	10.02	9.90	14.68	9.21	10.14	8.24	8.31	19.14	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.11	0.10	0.06	0.08	0.09	0.08	0.12	0.17	0.13	0.15	0.18
Long-Term Debt to Equity	0.11	0.10	0.06	0.08	0.09	0.08	0.12	0.17	0.13	0.15	0.18
Financial Leverage	0.07	0.04	0.07	0.09	0.10	0.07	0.13	0.16	0.13	0.10	0.12
Leverage Ratio	1.67	1.66	1.69	1.71	1.69	1.68	1.76	1.75	1.75	1.69	1.73
Compound Leverage Factor	2.57	3.85	1.55	1.62	1.58	1.62	1.70	1.70	1.69	1.59	1.68
Debt to Total Capital	9.61%	8.78%	5.88%	7.05%	8.10%	7.07%	11.09%	14.68%	11.67%	12.73%	15.27%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.06%
Long-Term Debt to Total Capital	9.61%	8.78%	5.88%	7.05%	8.10%	7.07%	11.09%	14.68%	11.67%	12.67%	15.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.13%	0.16%
Common Equity to Total Capital	90.39%	91.22%	94.12%	92.95%	91.90%	92.93%	88.91%	85.32%	88.33%	87.13%	84.57%
Debt to EBITDA	0.26	0.20	0.13	0.14	0.15	0.12	0.18	0.24	0.20	0.29	0.49
Net Debt to EBITDA	0.13	0.10	0.07	0.08	0.13	0.06	0.16	0.22	0.18	0.23	0.44
Long-Term Debt to EBITDA	0.26	0.20	0.13	0.14	0.15	0.12	0.18	0.24	0.20	0.29	0.49
Debt to NOPAT	0.91	0.62	0.33	0.33	0.34	0.24	0.33	0.41	0.32	0.44	1.10
Net Debt to NOPAT	0.46	0.29	0.17	0.18	0.29	0.12	0.29	0.37	0.29	0.35	1.00
Long-Term Debt to NOPAT	0.91	0.62	0.33	0.33	0.34	0.24	0.33	0.41	0.32	0.44	1.10
Altman Z-Score	2.87	3.31	3.40	3.64	3.81	3.69	3.65	3.40	3.41	3.66	3.06
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.08%	0.08%	0.09%	0.71%	0.57%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.20	1.27	1.23	1.35	1.48	1.49	1.34	1.44	1.42	1.47	1.41
Quick Ratio	0.79	0.84	0.83	0.95	1.02	0.98	0.95	1.01	1.00	0.97	1.01
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-51	-133	29	23	-160	-145	-194	-230	-198	-135	-179
Operating Cash Flow to CapEx	158.94%	94.23%	150.15%	185.11%	112.26%	220.60%	170.69%	158.45%	157.29%	204.81%	165.16%
Free Cash Flow to Firm to Interest Expense	-5.33	-15.66	3.40	2.85	-21.25	-20.43	-26.58	-33.72	-23.92	-19.95	-26.37
Operating Cash Flow to Interest Expense	20.13	20.86	28.47	30.78	21.14	41.53	37.70	35.23	24.68	35.19	23.18
Operating Cash Flow Less CapEx to Interest Expense	7.47	-1.28	9.51	14.15	2.31	22.70	15.61	13.00	8.99	18.01	9.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.31	1.36	1.40	1.47	1.56	1.69	1.75	1.85	1.87	1.80	1.61
Accounts Receivable Turnover	7.07	7.66	6.70	6.49	6.60	8.09	6.90	7.59	7.41	8.35	6.41
Inventory Turnover	15.40	15.64	15.81	15.93	15.95	15.94	17.43	19.12	20.02	18.04	19.13
Fixed Asset Turnover	2.33	2.44	2.58	2.74	2.92	3.16	3.37	3.46	3.49	3.24	3.05
Accounts Payable Turnover	9.28	10.53	9.17	9.05	8.91	10.79	9.40	10.25	9.03	10.23	9.53
Days Sales Outstanding (DSO)	51.62	47.68	54.44	56.27	55.32	45.11	52.89	48.08	49.29	43.70	56.95
Days Inventory Outstanding (DIO)	23.70	23.34	23.08	22.91	22.88	22.90	20.94	19.09	18.23	20.23	19.08
Days Payable Outstanding (DPO)	39.33	34.66	39.80	40.31	40.99	33.81	38.84	35.59	40.44	35.68	38.31
Cash Conversion Cycle (CCC)	36.00	36.36	37.73	38.87	37.21	34.20	34.99	31.57	27.08	28.25	37.71
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,091	2,068	2,038	2,016	2,027	1,913	1,985	1,930	1,779	1,672	1,637
Invested Capital Turnover	2.05	2.17	2.21	2.29	2.40	2.65	2.70	2.81	2.89	2.76	2.47
Increase / (Decrease) in Invested Capital	64	155	53	86	247	241	348	388	366	339	358
Enterprise Value (EV)	2,670	3,340	3,221	3,561	3,625	3,087	3,310	2,568	2,408	3,019	2,552
Market Capitalization	2,563	3,250	3,156	3,481	3,483	3,015	3,113	2,311	2,219	2,842	2,320
Book Value per Share	$12.19	$12.11	$11.91	$11.62	$11.33	$10.92	$10.50	$9.56	$9.03	$8.19	$7.50
Tangible Book Value per Share	$12.19	$12.11	$11.91	$11.62	$11.33	$10.92	$10.50	$9.56	$9.03	$8.19	$7.50
Total Capital	2,184	2,169	2,092	2,084	2,050	1,981	2,012	1,962	1,800	1,716	1,661
Total Debt	210	191	123	147	166	140	223	288	210	218	254
Total Long-Term Debt	210	191	123	147	166	140	223	288	210	217	253
Net Debt	107	89	65	79	142	72	196	256	189	175	230
Capital Expenditures (CapEx)	121	188	163	134	142	134	161	152	130	116	95
Debt-free, Cash-free Net Working Capital (DFCFNWC)	118	162	151	228	292	278	247	298	295	265	268
Debt-free Net Working Capital (DFNWC)	142	182	174	258	316	315	274	330	315	308	292
Net Working Capital (NWC)	142	182	174	258	316	315	274	330	315	307	291
Net Nonoperating Expense (NNE)	-7.02	-30	8.70	0.66	5.34	3.52	5.07	4.94	5.91	51	33
Net Nonoperating Obligations (NNO)	117	89	69	79	142	72	196	256	189	175	230
Total Depreciation and Amortization (D&A)	128	132	126	123	123	118	109	100	94	88	83
Debt-free, Cash-free Net Working Capital to Revenue	2.79%	3.75%	3.39%	5.05%	6.40%	5.86%	5.05%	6.12%	6.38%	6.38%	7.43%
Debt-free Net Working Capital to Revenue	3.36%	4.22%	3.91%	5.71%	6.92%	6.63%	5.59%	6.77%	6.83%	7.43%	8.10%
Net Working Capital to Revenue	3.36%	4.22%	3.91%	5.71%	6.92%	6.63%	5.59%	6.77%	6.83%	7.40%	8.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.12	$0.32	$0.45	$0.65	$0.49	$0.56	$0.88	$0.88	$0.92	$0.85	$0.79
Adjusted Weighted Average Basic Shares Outstanding	161.94M	165.03M	164.74M	166.21M	166.33M	171.85M	169.78M	173.13M	176.57M	184.33M	185.51M
Adjusted Diluted Earnings per Share	$0.12	$0.31	$0.44	$0.64	$0.48	$0.53	$0.85	$0.87	$0.90	$0.81	$0.78
Adjusted Weighted Average Diluted Shares Outstanding	165.78M	169.40M	168.60M	169.67M	171.44M	176.36M	173.98M	176.23M	181.09M	189.35M	189.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	161.95M	161.92M	163.42M	165.33M	166.65M	166.68M	168.61M	170.39M	175.11M	176.11M	182.48M
Normalized Net Operating Profit after Tax (NOPAT)	16	12	87	110	86	96	151	155	169	138	176
Normalized NOPAT Margin	1.59%	1.28%	7.65%	9.49%	8.05%	8.92%	12.40%	12.96%	13.39%	11.25%	14.78%
Pre Tax Income Margin	2.86%	6.14%	8.43%	12.15%	10.10%	11.09%	16.32%	16.74%	17.21%	12.14%	12.61%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.90	2.93	12.17	18.48	15.31	17.44	28.09	30.25	27.24	23.39	22.75
NOPAT to Interest Expense	1.37	2.63	9.61	13.53	11.57	13.51	21.03	23.09	20.41	30.25	26.55
EBIT Less CapEx to Interest Expense	-10.76	-19.21	-6.79	1.85	-3.52	-1.39	6.00	8.02	11.55	6.21	8.72
NOPAT Less CapEx to Interest Expense	-11.29	-19.51	-9.35	-3.10	-7.26	-5.31	-1.05	0.86	4.72	13.07	12.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	19.61%	15.29%	13.18%	10.20%	8.53%	6.77%	5.68%	4.32%	3.16%	2.06%	-1.13%
Augmented Payout Ratio	68.01%	56.19%	51.94%	39.90%	41.88%	43.31%	41.16%	46.51%	38.37%	33.39%	36.11%

Frequently Asked Questions About Liberty Energy's Financials

When does Liberty Energy's fiscal year end?

According to the most recent income statement we have on file, Liberty Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Liberty Energy's net income changed over the last 8 years?

Liberty Energy's net income appears to be on an upward trend, with a most recent value of $316.01 million in 2024, falling from -$60.56 million in 2016. The previous period was $556.41 million in 2023. View Liberty Energy's forecast to see where analysts expect Liberty Energy to go next.

What is Liberty Energy's operating income?

Liberty Energy's total operating income in 2024 was $389.47 million, based on the following breakdown:

Total Gross Profit: $1.11 billion
Total Operating Expenses: $725.19 million

How has Liberty Energy revenue changed over the last 8 years?

Over the last 8 years, Liberty Energy's total revenue changed from $374.77 million in 2016 to $4.32 billion in 2024, a change of 1,051.4%.

How much debt does Liberty Energy have?

Liberty Energy's total liabilities were at $1.32 billion at the end of 2024, a 10.5% increase from 2023, and a 216.1% increase since 2017.

How much cash does Liberty Energy have?

In the past 7 years, Liberty Energy's cash and equivalents has ranged from $16.32 million in 2017 to $112.69 million in 2019, and is currently $19.98 million as of their latest financial filing in 2024.

How has Liberty Energy's book value per share changed over the last 8 years?

Over the last 8 years, Liberty Energy's book value per share changed from 0.00 in 2016 to 12.11 in 2024, a change of 1,210.9%.

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This page (NYSE:LBRT) was last updated on 5/27/2025 by MarketBeat.com Staff

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Liberty Energy (LBRT) Financials

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Liberty Energy (LBRT) Financials

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