analyzeportfolio
NYSE · Energy

Liberty Energy Inc. (LBRT)

As-reported financials and SEC filings for Liberty Energy Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Liberty Energy Inc.

Liberty Energy Inc. provides integrated energy services and technology primarily to onshore oil, natural gas, and enhanced geothermal exploration and production companies. Its main offerings include hydraulic fracturing, wireline services, proppant delivery, natural gas compression and delivery, and related technologies aimed at reducing emissions. The company operates mainly in North American shale basins and also offers distributed power and energy storage solutions through its subsidiary Liberty Power Innovations LLC, serving commercial, industrial, data center, energy, and mining sectors.

Snapshot

Revenue
$4.01B
Revenue growth (YoY)
-7.2%
Net income
$147.9M
Diluted EPS
$0.89
Gross margin
20.9%
Operating margin
1.8%
Net margin
3.7%
FCF margin
0.4%
ROE
7.1%
net income / fiscal-year-end equity
P/E
26.8×
trailing when available, otherwise FY EPS
Market cap
$3.28B
Long-term debt / equity
0.12×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Liberty Energy

  • Revenue fell 7.2% to $4.0B in FY2025, after a 9.1% decline the year before.
  • Operating margin turned positive at 1.8% in FY2025, from a 7.4% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $1.2B, up 14.0% from Q2 FY2025.
  • Free cash flow was $14M in FY2025, 0.4% of revenue.
  • Net income fell 53.2% to $148M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Liberty Energy’s fundamentals sit among the 125 Energy companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin20.9%
43rd percentile of 43
Operating margin1.8%
27th percentile of 104
Net margin3.7%
43rd percentile of 120
FCF margin0.4%
28th percentile of 69
Revenue growth (YoY)-7.2%
23rd percentile of 122
ROE7.1%
54th percentile of 100
P/E26.8×
74th percentile of 85
Long-term debt / equity0.12×
11th percentile of 83
Short interest4.05d
44th percentile of 123

Liberty Energy’s long-term debt to equity of 0.12 ranks in the 11th percentile of the 83 Energy companies reporting it.

1 reported insider purchase (code P) totaling $250,009 in the last 90 days, against 4 sales totaling $517,614. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
4
3 trimmed, 1 exited
Combined position
$224.9M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$68.5M2.6MAdded
D. E. ShawquantQ2 2026$55.2M2.1MReduced
Citadel AdvisorsquantQ2 2026$50.2M1.9MAdded
Bridgewater AssociatesQ2 2026$23.1M883.7KAdded
AQR Capital ManagementquantQ2 2026$19.5M745.4KReduced
Two Sigma InvestmentsquantQ2 2026$5.5M208.3KNew
Point72 Asset ManagementquantQ2 2026$2.9M112.5KReduced

No longer held by: Gotham Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$250K
code P value
Sells (90d)
4
$518K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-01
Stock MichaelChief Financial OfficerSell6.7K$19.84$132K
2026-08-04
Stock MichaelChief Financial OfficerSell3.3K$20.00$67K
2026-08-03
filed 2026-08-04
Stock MichaelChief Financial OfficerSell3.3K$17.95$60K
2026-07-28
filed 2026-07-30
Murti Arjun NDirectorBuy14.1K$17.79$250K
2026-07-01
Stock MichaelChief Financial OfficerSell10.0K$25.89$259K
2026-06-02
Stock MichaelChief Financial OfficerSell3.3K$31.00$103K
2026-06-01
filed 2026-06-02
Stock MichaelChief Financial OfficerSell13.3K$29.46$393K
2026-05-20
Stock MichaelChief Financial OfficerSell20.0K$33.48$670K
2026-05-05
Kimble William FChairman of the BoardSell7.3K$33.92$249K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
15.9M
settled 2026-08-14
Change vs prior
+11.3%
vs previous settlement
Days to cover
4.05
at avg daily volume
Avg daily volume
3.9M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1415.9M+11.3%4.05
2026-07-3114.3M-4.4%1.95
2026-07-1515.0M+0.3%5.05
2026-06-3014.9M+13.1%3.21
2026-06-1513.2M+12.6%3.96
2026-05-2911.7M+1.1%3.89
2026-05-1511.6M-13.4%3.39
2026-04-3013.4M-0.1%2.95

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$4.01B$4.32B$4.75B$4.00B$2.45B
Gross profit$838.0M$1.11B$1.40B$851.7M$197.2M
Operating income$72.7M$389.5M$760.6M$495.9M$-181.2M
Net income$147.9M$316.0M$556.3M$399.6M$-179.2M
Diluted EPS$0.89$1.87$3.15$2.11$-1.03

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$609.6M$829.4M$1.01B$530.4M$135.5M
Capital expenditure$595.5M$651.0M$603.3M$451.9M$198.8M
Free cash flow$14.1M$178.3M$411.3M$78.5M$-63.3M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.19B14.0%$43.1M$0.26
Q1 FY2026$1.02B4.5%$22.6M$0.14
Q4 FY2025$1.04B10.1%$13.7M$0.08
Q3 FY2025$947.4M-16.8%$43.1M$0.26
Q2 FY2025$1.04B-10.1%$71.0M$0.43
Q1 FY2025$977.5M-8.9%$20.1M$0.12
Q4 FY2024$943.6M-12.2%$51.9M$0.31
Q3 FY2024$1.14B-6.4%$73.8M$0.44

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorEnergy
SIC industryOil & Gas Field Services, NEC
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2017
SEC CIK1694028

Selected SEC filings

10-K2026-02-02
View on EDGAR →
10-Q2026-07-23
View on EDGAR →
10-Q2026-04-23
View on EDGAR →
8-K2026-07-23
View on EDGAR →
8-K2026-06-25
View on EDGAR →
8-K2026-05-07
View on EDGAR →
8-K2026-04-23
View on EDGAR →

Largest Energy peers

All Energy companies →

Monitor LBRT

Get an alert when Liberty Energy files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor LBRT free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.