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Liberty Energy LBRT Return on invested capital

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11.4%-4.6pp
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2.3%-5.5pp
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-1.1%-0.6pp

Other financials

Income statement

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Revenue$1.2B+14.0%
Gross profit$208.3M-9.6%
Operating income$12.7M-65.7%
Net income$43.1M-39.3%
EPS (diluted)$0.26-39.5%

Balance sheet

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Cash & equivalents$555.4M+2,739%
Total debt$1.6B+170%
Total equity$2.0B-3.5%
Total assets$4.5B+30.4%

Cash flow

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Operating cash flow$133.0M-22.0%
CapEx$223.9M+62.8%
Free cash flow-$90.8M-375%

Valuation

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Market cap$3.27B+77.1%
Enterprise value$4.33B+78.6%
P/E26.7×+18.2×
P/S0.8×+0.3×

Profitability

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Gross margin18.5%-4.5pp
Operating margin1.3%-3.3pp
Net margin2.9%-2.4pp
FCF margin8.1%+0.6pp

Returns & leverage

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Return on equity6.1%-4.8pp
Debt / equity0.8×+0.5×
Current ratio+0.8×

Where this comes from

Calculated from Liberty Energy’s reported figures.

Based on trailing twelve months.

The source filing: Liberty Energy’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001694028-26-000039

FAQ

What is Liberty Energy's return on invested capital?
Liberty Energy (LBRT) reported return on invested capital of 1.9% in Q2 2026.
How has Liberty Energy's return on invested capital changed year-over-year?
Liberty Energy's return on invested capital decreased by 74.9% year-over-year, from 7.4% to 1.9%.
What is the long-term trend for Liberty Energy's return on invested capital?
Over 5 years (2020 to 2025), Liberty Energy's return on invested capital has grown at a -31.2% compound annual growth rate (CAGR), from -18.2% to 2.8%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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