Liberty Energy Inc. (LBRT) Financial Statements
Industry: Oil & Gas Field Services (Other)
In fiscal 2025, Liberty Energy reported revenue of $4.01B, down 7.2% from $4.32B the year before. Net income was $147.9M (a 3.7% net margin), or $0.89 per diluted share. Gross margin was 20.9% and operating margin was 1.8%. Operating activities generated $609.6M of cash, leaving $14.1M of free cash flow. At fiscal year end, Liberty Energy held $3.56B in total assets against $1.48B in total liabilities, including $27.6M of cash and equivalents.
Open the full interactive Liberty Energy financials → Quarterly statements, key ratios, valuation history and price charts.
Liberty Energy Key Stats
| Share Price | $19.11 |
|---|---|
| Market Cap | $3.20B |
| P/E Ratio | 21.5 |
| Dividend Yield | 1.81% |
| Revenue YoY Growth | -7.2% |
| 52-Week Range | $11.76 – $33.68 |
| Shares Outstanding | 163.0 million (basic, 2026 Q2) |
Liberty Energy Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $965.8M | $2.47B | $4.15B | $4.75B | $4.32B | $4.01B |
| Cost of Goods Sold | $858.0M | $2.25B | $3.15B | $3.35B | $3.20B | $3.17B |
| Gross Profit | $107.8M | $220.9M | $1.00B | $1.40B | $1.11B | $838.0M |
| Operating Income | -$177.0M | -$181.2M | $495.9M | $760.6M | $389.5M | $72.7M |
| Pre-Tax Income | -$146.5M | -$177.8M | $399.5M | $734.9M | $403.3M | $195.2M |
| Income Tax | -$30.9M | $9.2M | -$793,000 | $178.5M | $87.3M | $47.3M |
| Net Income | -$115.6M | -$179.2M | $399.6M | $556.3M | $316.0M | $147.9M |
| Diluted EPS | -$1.36 | -$1.03 | $2.11 | $3.15 | $1.87 | $0.89 |
Liberty Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $947.4M | $1.04B | $1.02B | $1.19B |
| Net Income | $43.1M | $13.7M | $22.6M | $43.1M |
| Diluted EPS | $0.26 | $0.08 | $0.14 | $0.26 |
Liberty Energy Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $69.0M | $20.0M | $43.7M | $36.8M | $20.0M | $27.6M |
| Current Assets | $567.1M | $630.4M | $956.7M | $954.3M | $848.5M | $878.0M |
| Total Assets | $1.89B | $2.04B | $2.58B | $3.03B | $3.30B | $3.56B |
| Current Liabilities | $356.1M | $569.2M | $649.5M | $639.4M | $666.5M | $720.4M |
| Total Long-Term Debt | $105.8M | $122.5M | $218.4M | $140.0M | $190.5M | $246.6M |
| Total Liabilities | $579.9M | $810.2M | $1.08B | $1.19B | $1.32B | $1.48B |
| Shareholders' Equity | $1.15B | $1.21B | $1.50B | $1.84B | $1.98B | $2.08B |
Liberty Energy Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $85.4M | $135.5M | $530.4M | $1.01B | $829.4M | $609.6M |
| Cash From Investing | -$100.3M | -$186.5M | -$450.7M | -$672.3M | -$643.1M | -$435.0M |
| Cash From Financing | -$28.9M | $2.1M | -$55.8M | -$349.3M | -$202.7M | -$167.5M |
| Free Cash Flow | -$18.2M | -$63.3M | $78.5M | $411.3M | $178.3M | $14.1M |
| Dividends Paid | $4.4M | $168,000 | $9.2M | $37.7M | $48.3M | $54.5M |
Figures from Liberty Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Liberty Energy financials page for every line item.
Liberty Energy Company Profile
| Ticker | LBRT |
|---|---|
| Exchange | NYSE |
| Industry | Oil & Gas Field Services (Other) |
| Headquarters | Denver, Colorado |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001694028 |
Frequently Asked Questions
What was Liberty Energy's revenue in fiscal 2025?
Liberty Energy (LBRT) reported revenue of $4.01B for fiscal 2025.
What is Liberty Energy's annual revenue history?
Liberty Energy's annual revenue by fiscal year: 2020: $965.8M; 2021: $2.47B; 2022: $4.15B; 2023: $4.75B; 2024: $4.32B; 2025: $4.01B.
What was Liberty Energy's net income in fiscal 2025?
Liberty Energy reported net income of $147.9M for fiscal 2025.
What was Liberty Energy's earnings per share (EPS) in fiscal 2025?
Liberty Energy's diluted EPS was $0.89 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Liberty Energy generate in fiscal 2025?
Liberty Energy generated $14.1M of free cash flow in fiscal 2025.
What was Liberty Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), Liberty Energy reported revenue of $1.19B.
How much debt does Liberty Energy have?
Liberty Energy reported $246.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Liberty Energy are outstanding?
Liberty Energy reported a weighted average of 163.0 million basic shares outstanding in 2026 Q2.
What is Liberty Energy's market cap?
Based on its latest closing price, Liberty Energy (LBRT) has a market capitalization of about $3.20B.
When does Liberty Energy's fiscal year end?
Liberty Energy's fiscal year end, as registered with the SEC, is December 31.
Where is Liberty Energy headquartered?
Liberty Energy lists its business address in Denver, Colorado in its SEC filings.