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%-4.9pp	20.9%-4.9pp	21.1%-6.1pp	23.1%-5.2pp	24.6%-4.2pp
Operating margin	1.9%-5.0pp	1.8%-7.2pp	2%-9.0pp	4.6%-8.4pp	6.9%-7.4pp
Net margin	3.7%-2.3pp	3.7%-3.6pp	4.8%-3.3pp	5.3%-4.2pp	6%-4.4pp
EBITDA margin	13.9%-5.1pp	14.3%-6.4pp	15.1%-6.9pp	17.1%-6.3pp	19%-5.2pp
Returns
Return on equity	7.7%-5.5pp	7.3%-9.3pp	9.2%-9.8pp	10.9%-13.0pp	13.2%-14.2pp
Return on assets	3.9%-4.0pp	4.3%-5.7pp	5.5%-5.7pp	6.5%-7.5pp	7.9%-8.4pp
Return on invested capital	2.8%-9.0pp	2.8%-13.7pp	3%-17.9pp	7.4%-18.6pp	11.8%-18.7pp
Efficiency
Asset turnover	1×-0.3×	1.2×-0.2×	1.2×-0.2×	1.2×-0.2×	1.3×-0.2×
Inventory turnover	16.7×+1.3×	16.2×+0.5×	16.2×+0.3×	15.5×-0.5×	15.4×-0.6×
Liquidity
Current ratio	2.2×+1.0×	1.2×-0.1×	1.3×+0.1×	1.2×-0.2×	1.2×-0.3×
Quick ratio	2×+1.1×	1×0.0×	1×+0.1×	0.9×-0.2×	0.9×-0.2×
Cash ratio	0.9×+0.9×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Leverage
Debt-to-equity	0.8×+0.5×	0.3×0.0×	0.3×+0.1×	0.3×0.0×	0.3×+0.1×
Debt-to-assets	0.4×+0.2×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Net debt / EBITDA	1.6×+0.9×	1×+0.5×	1.2×+0.7×	0.8×+0.4×	0.8×+0.3×
Interest coverage	2×-6.4×	1.8×-10.1×	2×-13.6×	5.1×—	8.4×—
Per Share
Book value per share	$11.72-1.6%	$12.57+7.6%	$12.54+7.4%	$12.39+8.5%	$11.91+8.3%
Valuation
Market capitalization	$4.67B+81.6%	$2.99B-8.0%	$2B-37.0%	$1.95B-43.8%	$2.57B-25.4%
Enterprise value	$5.59B+75.7%	$3.58B-4.9%	$2.7B-26.7%	$2.53B-36.3%	$3.18B-18.7%
Price / earnings	31×+20.9×	20.2×+9.9×	10.7×+1.8×	9×+0.9×	10.1×+2.9×
Price / sales	1.2×+0.5×	0.7×0.0×	0.5×-0.2×	0.5×-0.3×	0.6×-0.1×
Price / book	2.4×+1.1×	1.4×-0.2×	1×-0.6×	1×-0.8×	1.3×-0.5×
EV / EBITDA	9.9×+6.0×	6.2×+2.0×	4.6×+0.8×	3.6×-0.1×	4×+0.4×
EV / sales	1.4×+0.6×	0.9×0.0×	0.7×-0.1×	0.6×-0.3×	0.8×-0.1×
Earnings yield	3.2%-6.7pp	4.9%-4.8pp	9.3%-1.9pp	11.1%-1.3pp	9.9%-3.9pp
Dividend yield	1.2%-0.7pp	1.8%+0.3pp	2.6%+1.2pp	2.6%+1.4pp	1.9%+0.8pp

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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.