Liberty Energy profit margin LBRT
Gross, operating and net profit as a share of revenue over the last twelve months, from 2017.
- Net margin, 12 months
- 0.9%
- Operating margin, 12 months
- 1.7%
- Net margin on a year earlier
- −3.9 pts
- Peer median
- 6.7%
Over the twelve months to Sep 30, 2026, Liberty Energy kept 0.9% of its revenue as net profit, with an operating margin of 1.7% and a gross margin of 18.0%.
Five years earlier its net margin was −7.9%.
The median for 10 oilfield services stocks of a similar size is 6.7%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 3.7% | 1.8% | 20.9% |
| FY2024 | 7.3% | 9.0% | 25.8% |
| FY2023 | 11.7% | 16.0% | 29.5% |
| FY2022 | 9.6% | 12.0% | 24.1% |
| FY2021 | −7.3% | −7.3% | 8.9% |
| FY2020 | −12.0% | −18.3% | 11.2% |
| FY2019 | 2.0% | 5.2% | 18.5% |
| FY2018 | 5.9% | 14.2% | 24.4% |
| FY2017 | 0.0% | 12.2% | 23.0% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 0.9% | −3.9 pts | 1.7% | |
| Q2 FY26 | 2.9% | −2.4 pts | 1.3% | |
| Q1 FY26 | 3.7% | −2.3 pts | 1.9% | |
| Q4 FY25 | 3.7% | −3.6 pts | 1.8% | |
| Q3 FY25 | 4.8% | −3.3 pts | 2.0% | |
| Q2 FY25 | 5.3% | −4.2 pts | 4.6% | |
| Q1 FY25 | 6.0% | −4.4 pts | 6.9% | |
| Q4 FY24 | 7.3% | −4.4 pts | 9.0% | |
| Q3 FY24 | 8.0% | −4.6 pts | 11.0% | |
| Q2 FY24 | 9.5% | −3.1 pts | 13.0% | |
| Q1 FY24 | 10.4% | −1.9 pts | 14.3% | |
| Q4 FY23 | 11.7% | +2.1 pts | 16.0% |
Against its peers
Companies in Oil & Gas Equipment & Services nearest Liberty Energy's size, closest first, today.
| Company | Profit margin |
|---|---|
| LBRTLiberty Energy | 0.9% |
| INVXInnovex International | 6.2% |
| OIIOceaneering International | 11.4% |
| SEISolaris Energy Infrastructure | 7.2% |
| RESRPC | 1.3% |
| WHDCactus | 12.0% |
| HOSHornbeck Offshore Services | 3.0% |
| WFRDWeatherford International | 7.7% |
| NOVNOV | 1.1% |
| CLBCore Laboratories | 4.7% |
| NGSNatural Gas Services | 10.8% |
| Peer median | 6.7% |
Where Liberty Energy ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Liberty Energy
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.