Liberty Energy (LBRT) Financials

$11.22 -0.30 (-2.59%)

Closing price 05/6/2025 03:59 PM Eastern

Extended Trading

$11.34 +0.11 (+1.01%)

As of 07:00 AM 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	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	126	39	-116	-179	400	556	316
Consolidated Net Income / (Loss)	-61	169	249	75	-161	-187	400	556	316
Net Income / (Loss) Continuing Operations	-61	169	249	75	-161	-187	400	556	316
Total Pre-Tax Income	-61	169	289	89	-192	-178	400	735	403
Total Operating Income	-54	181	307	104	-177	-181	496	761	389
Total Gross Profit	20	343	526	369	108	221	1,000	1,399	1,115
Total Revenue	375	1,490	2,155	1,990	966	2,471	4,149	4,748	4,315
Operating Revenue	375	1,490	2,155	1,990	966	2,471	4,149	4,748	4,315
Total Cost of Revenue	355	1,147	1,629	1,621	858	2,250	3,149	3,349	3,201
Operating Cost of Revenue	355	1,147	1,629	1,621	858	2,250	3,149	3,349	3,201
Total Operating Expenses	74	162	220	266	285	402	504	638	725
Selling, General & Admin Expense	36	80	98	98	84	123	180	221	225
Depreciation Expense	41	81	125	165	180	263	323	422	505
Other Operating Expenses / (Income)	-	-	0.63	0.00	21	15	5.84	2.05	0.00
Other Special Charges / (Income)	-2.67	0.15	-4.34	2.60	-0.41	0.78	-4.60	-6.99	-5.34
Total Other Income / (Expense), net	-6.13	-13	-17	-15	-15	3.44	-96	-26	14
Interest Expense	6.13	13	18	17	15	16	23	29	33
Interest & Investment Income	-	0.05	0.38	2.80	0.26	0.00	0.00	1.99	0.48
Other Income / (Expense), net	-	-	-	0.00	0.00	19	-74	1.82	46
Income Tax Expense	0.00	0.00	40	14	-31	9.22	-0.79	178	87
Net Income / (Loss) Attributable to Noncontrolling Interest	-61	0.00	123	36	-45	-7.76	0.70	0.09	0.00
Basic Earnings per Share	-	-	$1.84	$0.54	($1.36)	($1.03)	$2.17	$3.24	$1.91
Weighted Average Basic Shares Outstanding	-	-	68.84M	72.33M	85.24M	174.02M	184.33M	171.85M	165.03M
Diluted Earnings per Share	-	-	$1.81	$0.53	($1.36)	($1.03)	$2.11	$3.15	$1.87
Weighted Average Diluted Shares Outstanding	-	-	117.84M	105.26M	85.24M	174.02M	189.35M	176.36M	169.40M
Weighted Average Basic & Diluted Shares Outstanding	-	-	68.70M	194.48M	179.54M	186.09M	176.11M	166.68M	161.92M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	$0.22	$0.29

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

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

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

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

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

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

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

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

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

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 5/7/2025 by MarketBeat.com Staff

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Liberty Energy (LBRT) Financials

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Liberty Energy (LBRT) Financials

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