What are Liberty Energy's profit margins?

Liberty Energy (LBRT) runs a 19.7% gross margin and a 1.9% operating margin, with a 3.7% net margin.

Where do Liberty Energy's ratios come from?

Every ratio is computed from Liberty Energy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Liberty Energy LBRT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	19.7%-1.2pp	20.9%-0.2pp	21.1%-2.0pp	23.1%-1.6pp	24.6%-1.2pp
Operating margin	1.9%+0.1pp	1.8%-0.2pp	2%-2.6pp	4.6%-2.4pp	6.9%-2.1pp
Net margin	3.7%0.0pp	3.7%-1.1pp	4.8%-0.5pp	5.3%-0.7pp	6%-1.3pp
Returns
Return on equity	7.7%+0.4pp	7.3%-1.9pp	9.2%-1.7pp	10.9%-2.3pp	13.2%-3.4pp
Return on invested capital	2.8%0.0pp	2.8%-0.1pp	3%-4.5pp	7.4%-4.4pp	11.8%-4.7pp
Efficiency
Asset turnover	1×-0.1×	1.2×0.0×	1.2×-0.1×	1.2×-0.1×	1.3×-0.1×
Liquidity
Current ratio	2.2×+1.0×	1.2×-0.1×	1.3×+0.2×	1.2×0.0×	1.2×-0.1×
Leverage
Debt-to-equity	0.8×+0.5×	0.3×0.0×	0.3×+0.1×	0.3×0.0×	0.3×+0.1×
Net debt / EBITDA	1.6×+0.6×	1×-0.2×	1.2×+0.4×	0.8×+0.1×	0.8×+0.2×
Per Share
Book value per share	$11.72-6.8%	$12.57+0.3%	$12.54+1.2%	$12.39+4.1%	$11.91+1.9%
Valuation
Market capitalization	$4.67B+56.1%	$2.99B+49.6%	$2B+2.4%	$1.95B-24.1%	$2.57B-20.9%
Price / earnings	31×+10.8×	20.2×+9.5×	10.7×+1.7×	9×-1.1×	10.1×-0.2×
Price / sales	1.2×+0.4×	0.7×+0.2×	0.5×0.0×	0.5×-0.1×	0.6×-0.1×
Price / book	2.4×+1.0×	1.4×+0.5×	1×0.0×	1×-0.3×	1.3×-0.3×
EV / EBITDA	9.9×+3.7×	6.2×+1.7×	4.6×+1.0×	3.6×-0.4×	4×-0.2×
Dividend yield	1.2%-0.6pp	1.8%-0.8pp	2.6%0.0pp	2.6%+0.7pp	1.9%+0.5pp

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Questions, answered.

What are Liberty Energy's profit margins?: Liberty Energy (LBRT) runs a 19.7% gross margin and a 1.9% operating margin, with a 3.7% net margin.
Where do Liberty Energy's ratios come from?: Every ratio is computed from Liberty Energy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.