Revenue
1.2 billion USD
2026 Q3 · USD
Exact inputs and evidence
- Revenue: 1196156000 USD Source
Fundies. English
Liberty Energy Inc.
EDGARAnnual consolidated revenue for 2025: about USD 4.006B, using the latest reported figures. The previous period, 2024, was about USD 4.315B.
Latest quarter
Operating margin
1.61%
2026 Q3 · %
Operating cash flow
223 million USD
2026 Q3 · USD
- Cash and cash equivalents
- 119 million USD Source
Exact value
119000000 USD
- Long-term debt including current maturities
- 1.29 billion USD Source
Exact value
1290572000 USD
- Shares outstanding
- Not available
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
4.44 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Net income
40.3 million USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Operating cash flow
560 million USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
- Operating cash flow: 609598000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 414163000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 8400000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 141442000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: 8400000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 364308000 USD · 2026-01-01 – 2026-09-30 Source
- Operating cash flow: 141442000 USD · 2026-01-01 – 2026-06-30 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-22.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 10 of 11 periods available· newest 2025-12-31
- Operating income: 10 of 11 periods available· newest 2025-12-31
- Net income: 10 of 11 periods available· newest 2025-12-31
- Operating cash flow: 10 of 11 periods available· newest 2025-12-31
- capital expenditure: No compatible figures in this window
- Total assets: 9 of 11 periods available· newest 2025-12-31
- Total liabilities: 9 of 11 periods available· newest 2025-12-31
- Current assets: 9 of 11 periods available· newest 2025-12-31
- Current liabilities: 9 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 9 of 11 periods available· newest 2025-12-31
- shares outstanding: No compatible figures in this window
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
-7.2%Prior period
USD 4.32 billion
–
Current period
USD 4.01 billion
–
Exact inputs and evidence
4006116000 − 4315161000 = -309045000 USD
4315161000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source4006116000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
-53.2%Prior period
USD 316.01 million
–
Current period
USD 147.87 million
–
Exact inputs and evidence
147872000 − 316010000 = -168138000 USD
316010000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source147872000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-26.5%Prior period
USD 829.37 million
–
Current period
USD 609.6 million
–
Exact inputs and evidence
609598000 − 829374000 = -219776000 USD
829374000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source609598000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 4.01 billion 100% of revenue
- Operating costs Derived USD 3.93 billion 98% of revenue
- Operating income USD 72.71 million 1.8% of revenue
- Tax, interest and other Derived −USD 75.16 million −1.9% of revenue
- Net income USD 147.87 million 3.7% of revenue
Cash
- Operating cash flow USD 609.6 million 15% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 Operating loss: operating costs were 115% of revenue.
- 2017 12%88%
- 2018 86%
- 2019 95%
- 2020 Operating loss: operating costs were 118% of revenue.
- 2021 Operating loss: operating costs were 107% of revenue.
- 2022 9.6%88%
- 2023 12%84%
- 2024 91%
- 2025 Net income was higher than operating income, so the split is not drawn.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 374773000 | 429207000 Derived | -54434000 | -54434000 Derived | 0 | Unavailable | Source
|
| 2017 2017-01-01 – 2017-12-31 | 1489855000 | 1308718000 Derived | 181137000 | 181137000 Derived | 0 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-31 | 2155136000 | 1848573000 Derived | 306563000 | 180214000 Derived | 126349000 | Unavailable | Source
|
| 2019 2019-01-01 – 2019-12-31 | 1990346000 | 1886749000 Derived | 103597000 | 64594000 Derived | 39003000 | Unavailable | Source
|
| 2020 2020-01-01 – 2020-12-31 | 965787000 | 1142813000 Derived | -177026000 | -61443000 Derived | -115583000 | Unavailable | Source
|
| 2021 2021-01-01 – 2021-12-31 | 2470782000 | 2652006000 Derived | -181224000 | -1980000 Derived | -179244000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 4149228000 | 3653338000 Derived | 495890000 | 96288000 Derived | 399602000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 4747928000 | 3987349000 Derived | 760579000 | 204262000 Derived | 556317000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 4315161000 | 3925693000 Derived | 389468000 | 73458000 Derived | 316010000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 4006116000 | 3933408000 Derived | 72708000 | -75164000 Derived | 147872000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 4B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 374773000 |
|
| 2017 | Revenue | 1489855000 |
|
| 2018 | Revenue | 2155136000 |
|
| 2019 | Revenue | 1990346000 |
|
| 2020 | Revenue | 965787000 |
|
| 2021 | Revenue | 2470782000 |
|
| 2022 | Revenue | 4149228000 |
|
| 2023 | Revenue | 4747928000 |
|
| 2024 | Revenue | 4315161000 |
|
| 2025 | Revenue | 4006116000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
-7.2% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | No prior comparable period |
|
| 2017 | Year over year | 297.5% |
|
| 2018 | Year over year | 44.7% |
|
| 2019 | Year over year | -7.6% |
|
| 2020 | Year over year | -51.5% |
|
| 2021 | Year over year | 155.8% |
|
| 2022 | Year over year | 67.9% |
|
| 2023 | Year over year | 14.4% |
|
| 2024 | Year over year | -9.1% |
|
| 2025 | Year over year | -7.2% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 1.8% 2025
Net margin 3.7% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | -14.5% |
|
| 2017 | Operating margin | 12.2% |
|
| 2018 | Operating margin | 14.2% |
|
| 2019 | Operating margin | 5.2% |
|
| 2020 | Operating margin | -18.3% |
|
| 2021 | Operating margin | -7.3% |
|
| 2022 | Operating margin | 12% |
|
| 2023 | Operating margin | 16% |
|
| 2024 | Operating margin | 9% |
|
| 2025 | Operating margin | 1.8% |
|
| 2016 | Net margin | 0% |
|
| 2017 | Net margin | 0% |
|
| 2018 | Net margin | 5.9% |
|
| 2019 | Net margin | 2% |
|
| 2020 | Net margin | -12% |
|
| 2021 | Net margin | -7.3% |
|
| 2022 | Net margin | 9.6% |
|
| 2023 | Net margin | 11.7% |
|
| 2024 | Net margin | 7.3% |
|
| 2025 | Net margin | 3.7% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 609.6M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | -40708000 |
|
| 2017 | Operating cash flow | 195109000 |
|
| 2018 | Operating cash flow | 351258000 |
|
| 2019 | Operating cash flow | 261100000 |
|
| 2020 | Operating cash flow | 85425000 |
|
| 2021 | Operating cash flow | 135467000 |
|
| 2022 | Operating cash flow | 530364000 |
|
| 2023 | Operating cash flow | 1014583000 |
|
| 2024 | Operating cash flow | 829374000 |
|
| 2025 | Operating cash flow | 609598000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
41.6% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2017 | Liabilities / assets | 48.9% |
|
| 2018 | Liabilities / assets | 33.6% |
|
| 2019 | Liabilities / assets | 39.1% |
|
| 2020 | Liabilities / assets | 30.7% |
|
| 2021 | Liabilities / assets | 39.7% |
|
| 2022 | Liabilities / assets | 41.9% |
|
| 2023 | Liabilities / assets | 39.3% |
|
| 2024 | Liabilities / assets | 40% |
|
| 2025 | Liabilities / assets | 41.6% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
1.22× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2017 | Current assets / current liabilities | 1.6× |
|
| 2018 | Current assets / current liabilities | 2.1× |
|
| 2019 | Current assets / current liabilities | 1.83× |
|
| 2020 | Current assets / current liabilities | 1.59× |
|
| 2021 | Current assets / current liabilities | 1.11× |
|
| 2022 | Current assets / current liabilities | 1.47× |
|
| 2023 | Current assets / current liabilities | 1.49× |
|
| 2024 | Current assets / current liabilities | 1.27× |
|
| 2025 | Current assets / current liabilities | 1.22× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | USD 0 Exact valueExact value: 0 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 40.71 million Exact valueExact value: -40708000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2017-01-01 – 2017-12-31 | USD 0 Exact valueExact value: 0 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 195.11 million Exact valueExact value: 195109000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2018-01-01 – 2018-12-31 | USD 126.35 million Exact valueExact value: 126349000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 351.26 million Exact valueExact value: 351258000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2019-01-01 – 2019-12-31 | USD 39 million Exact valueExact value: 39003000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 261.1 million Exact valueExact value: 261100000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2020-01-01 – 2020-12-31 | −USD 115.58 million Exact valueExact value: -115583000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 85.43 million Exact valueExact value: 85425000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2021-01-01 – 2021-12-31 | −USD 179.24 million Exact valueExact value: -179244000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 135.47 million Exact valueExact value: 135467000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | USD 399.6 million Exact valueExact value: 399602000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 530.36 million Exact valueExact value: 530364000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | USD 556.32 million Exact valueExact value: 556317000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.01 billion Exact valueExact value: 1014583000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | USD 316.01 million Exact valueExact value: 316010000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 829.37 million Exact valueExact value: 829374000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 147.87 million Exact valueExact value: 147872000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 609.6 million Exact valueExact value: 609598000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
71 filings · 3,002 latest values · 3,002 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001694028, 1694028, LBRT, edgar:1694028
Also known as LIBERTY ENERGY INC., Liberty Energy Inc., Liberty Oilfield Services Inc.