LBRT Financials Liberty Energy Inc.

10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Oct 25, 2026, 10:25 UTC Overview →

Growth & profitability

Revenue has grown 32.9% per year over the past 5 years.
Operating margin has expanded, at 1.8% in the latest year.

Financial health

Total debt ($247M) exceeds cash ($28M); net debt is $219M.
Total debt has grown slower than revenue (18.4% vs 32.9% per year).
Operating income covered interest expense 1.8× in the latest year.
Total debt is 0.4× EBITDA.

Shareholder returns

Dividends have been paid for 8 consecutive years, consuming 36.8% of earnings and 386.2% of free cash flow.
The dividend has grown 65.2% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$4.0B	$148M	20.9%	1.8%	7.1%	4.2%	$14M	$247M	$28M
2024	$4.3B	$316M	25.8%	9.0%	16.0%	9.6%	$178M	$191M	$20M
2023	$4.7B	$556M	29.5%	16.0%	30.2%	18.3%	$411M	$140M	$37M
2022	$4.1B	$400M	24.1%	12.0%	26.7%	15.5%	$78M	$218M	$44M
2021	$2.5B	-$179M	8.9%	-7.3%	-14.8%	-8.8%	-$63M	$122M	$20M
2020	$966M	-$116M	11.2%	-18.3%	-10.0%	-6.1%	-$18M	$106M	$69M
2019	$2.0B	$39M	18.5%	5.2%	7.0%	3.0%	$66M	$106M	$113M
2018	$2.2B	$126M	24.4%	14.2%	29.2%	11.3%	$92M	$107M	$103M
2017	$1.5B	$0	23.0%	12.2%	—	0.0%	-$117M	$196M	$16M
2016	$375M	$0	5.3%	-14.5%	—	—	-$143M	—	$11M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$1.2B	-$39M	16.8%	1.6%	-2.0%	-0.9%	-$403M	$1.3B	$119M
Jun '26	$1.2B	$43M	17.5%	1.1%	2.2%	1.0%	-$91M	$1.3B	$555M
Mar '26	$1.0B	$23M	17.4%	2.2%	1.2%	0.5%	-$149M	$1.3B	$699M
Dec '25	$1.0B	$14M	20.6%	1.9%	0.7%	0.4%	-$10M	$247M	$28M
Sep '25	$947M	$43M	18.7%	-0.3%	2.1%	1.2%	-$67M	$253M	$13M
Jun '25	$1.0B	$71M	22.1%	3.6%	3.5%	2.1%	$33M	$160M	$20M
Mar '25	$977M	$20M	22.1%	1.9%	1.0%	0.6%	$58M	$210M	$24M
Dec '24	$944M	$52M	21.4%	2.6%	2.6%	1.6%	-$26M	$191M	$20M
Sep '24	$1.1B	$74M	26.2%	9.4%	3.7%	2.3%	$78M	$123M	$23M
Jun '24	$1.2B	$108M	27.9%	12.2%	5.6%	3.3%	$112M	$147M	$30M
Mar '24	$1.1B	$82M	27.1%	10.8%	4.3%	2.6%	$14M	$166M	$24M
Dec '23	$1.1B	$92M	27.7%	11.5%	5.0%	3.0%	$157M	$140M	$37M
Sep '23	$1.2B	$149M	30.1%	16.9%	8.3%	4.8%	$103M	$223M	$27M
Jun '23	$1.2B	$153M	30.3%	17.3%	9.1%	5.2%	$81M	$288M	$32M
Mar '23	$1.3B	$163M	29.6%	17.8%	10.2%	5.9%	$71M	$210M	$21M
Dec '22	$1.2B	$153M	27.3%	16.2%	10.2%	5.9%	$113M	$218M	$44M
Sep '22	$1.2B	$147M	26.4%	15.4%	10.5%	5.8%	$55M	$254M	$24M
Jun '22	$943M	$105M	24.3%	11.7%	7.9%	4.5%	-$13M	$254M	$41M
Mar '22	$793M	-$5M	15.5%	0.5%	-0.4%	-0.2%	-$76M	$212M	$33M
Dec '21	$684M	-$56M	7.1%	-9.3%	-4.6%	-2.7%	-$20M	$122M	$20M

Valuation over time

How the market has priced LBRT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 5.2× (Mar '23) to 16.1× (Nov '26).
The price-to-sales ratio has risen from 0.5× (Mar '23) to 0.6× (Nov '26).
The dividend yield has risen from 0.4% (Mar '23) to 2.3% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is LBRT growing its revenue and profit?

Over the past 5 years, Liberty Energy Inc.'s revenue has grown 32.9% per year. These are computed facts, not advice.

How much debt does LBRT have?

As of FY2025, Liberty Energy Inc. reported $247M of total debt against $28M of cash; operating income covered interest expense 1.8×.

What is LBRT's profit margin?

In FY2025, gross margin was 20.9%, operating margin 1.8%, and net margin 3.7%.

What is LBRT's P/E ratio?

Liberty Energy Inc.'s P/E (TTM) is 59.16 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the LBRT stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 16.1× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.