LBRT
$16.60-0.60%
LBRT financial statements
The full income statement, balance sheet, and cash-flow statement for Liberty Energy Inc. (LBRT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 169.7M2024-09 168.6M2024-12 167.8M2025-03 165.8M2025-06 164.2M2025-09 165.1M2025-12 166.1M2026-03 166.3M2026-06 167.7M-1.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.01B-7.2% | 4.32B-9.1% | 4.75B+14.4% | 4.15B+67.9% | 2.47B+155.8% | ||
| Lease income | 46.1M+18.2% | 39.0M+6.6% | 36.6M+43.5% | 25.5M+696.9% | 3.20M | |
| Cost of revenue | 3.17B-1.0% | 3.20B-4.4% | 3.35B+6.4% | 3.15B+40.0% | 2.25B+162.2% | |
| Selling, general & administrative | 247M+9.7% | 225M+1.8% | 221M+23.0% | 180M+45.9% | 123M+46.7% | |
| General & administrative | 247M+9.7% | 225M+1.8% | 221M+23.0% | 180M+45.9% | 123M+46.7% | |
| Provision for credit losses | 627K | 0.00-100.0% | 808K | 0.00-100.0% | 745K-84.7% | |
| Operating income | 72.7M-81.3% | 389M-48.8% | 761M+53.4% | 496M+373.6% | -181M-2.4% | |
| Interest expense | 40.3M+23.3% | 32.7M+10.8% | 29.5M+29.8% | 22.7M | — | |
| Other non-operating income | 122M+787.4% | 13.8M+153.7% | -25.7M+73.3% | -96.4M-2905.0% | 3.44M+123.7% | |
| Pre-tax income | 195M-51.6% | 403M-45.1% | 735M+83.9% | 400M+324.7% | -178M+7.2% | |
| Income tax | 47.3M-45.8% | 87.3M-51.1% | 178M+22607.2% | -793K-108.6% | 9.22M+129.9% | |
| 148M-53.2% | 316M-43.2% | 556M+39.2% | 400M+322.9% | -179M-55.1% | ||
| Net income to non-controlling interest | 0.00 | 0.00-100.0% | 91.0K-87.0% | 700K+109.0% | -7.76M+82.8% | |
| $0.89-52.4% | $1.87-40.6% | $3.15+49.3% | $2.11+304.9% | -$1.03+24.3% | ||
| EPS (basic) | $0.91-52.4% | $1.91-41.0% | $3.24+49.3% | $2.17+310.7% | -$1.03+24.3% | |
| Weighted-avg shares (basic) | 162M-1.9% | 165M-4.0% | 172M-6.8% | 184M+5.9% | 174M+104.1% | |
| Weighted-avg shares (diluted) | 165M-2.4% | 169M-3.9% | 176M-6.9% | 189M+8.8% | 174M+104.1% | |
| Dividends per share | $0.33+13.8% | $0.29+31.8% | $0.22+340.0% | $0.05+5079.1% | $0.00-99.5% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 878M+3.5% | 849M-11.1% | 954M-0.3% | 957M+51.8% | 630M+11.2% | ||
| Cash & equivalents | 27.6M+37.9% | 20.0M-45.7% | 36.8M-15.8% | 43.7M+118.4% | 20.0M-71.0% | |
| Accounts receivable | 352M | — | — | 410M+37.4% | 299M+22.1% | |
| Inventory | 188M-7.5% | 203M-1.2% | 206M-4.0% | 214M+59.3% | 135M+13.5% | |
| Prepaid expenses | 56.9M-33.2% | 85.2M-31.4% | 124M+10.3% | 113M+64.7% | 68.3M+4.1% | |
| 3.56B+7.9% | 3.30B+8.7% | 3.03B+17.8% | 2.58B+26.2% | 2.04B+8.0% | ||
| Property, plant & equipment | 2.05B+8.6% | 1.89B+14.9% | 1.65B+20.8% | 1.36B+13.6% | 1.20B+7.0% | |
| Operating lease right-of-use | 65.0M-11.4% | 73.3M-20.9% | 92.6M-4.7% | 97.2M-11.5% | 110M+44.8% | |
| Long-term investments | 124M | — | — | — | — | |
| Deferred tax assets | — | — | 0.00-100.0% | 12.6M+1974.5% | 607K-88.7% | |
| Other non-current assets | 94.8M-20.6% | 119M | — | 105M+28.0% | 82.3M+0.5% | |
| 720M+8.1% | 667M+4.2% | 639M-1.6% | 649M+14.1% | 569M+59.8% | ||
| Accounts payable | 359M+14.2% | 314M+6.9% | 294M-10.1% | 327M+13.2% | 289M+49.4% | |
| Accrued liabilities | 232M+12.3% | 207M-20.8% | 261M-7.0% | 281M+19.4% | 235M+98.6% | |
| Deferred revenue | 7.89M-80.7% | 40.8M+688.7% | 5.17M+34.0% | 3.86M-15.2% | 4.55M | |
| Short-term & current debt | 5.10M | 0.00 | 0.00-100.0% | 1.02M+1.3% | 1.01M+176.6% | |
| Current lease liability | 22.4M-21.6% | 28.6M+3.8% | 27.5M+0.9% | 27.3M-12.0% | 31.0M+32.1% | |
| Finance lease liability (current) | 94.2M+41.3% | 66.6M+67.2% | 39.9M+249.9% | 11.4M+30.3% | 8.74M-57.5% | |
| 1.48B+12.3% | 1.32B+10.5% | 1.19B+10.5% | 1.08B+33.1% | 810M+39.7% | ||
| Long-term debt | 242M+26.8% | 191M+36.1% | 140M-35.6% | 217M+79.0% | 121M+15.2% | |
| Non-current lease liability | 41.8M-5.8% | 44.4M-30.9% | 64.3M-7.3% | 69.3M-10.0% | 77.0M+52.6% | |
| Operating lease liability (total) | 64.2M-12.0% | 72.9M-20.5% | 91.8M-5.0% | 96.6M-10.6% | 108M+46.1% | |
| Finance lease liability (total) | 307M+13.8% | 270M+55.7% | 174M+412.1% | 33.9M+156.9% | 13.2M-58.7% | |
| Finance lease liability | 213M+4.8% | 204M+52.3% | 134M+494.3% | 22.5M+406.0% | 4.45M-60.7% | |
| Deferred tax liabilities | 196M+42.0% | 138M+34.6% | 102M+9702.7% | 1.04M+85.4% | 563K | |
| 2.08B+5.1% | 1.98B+7.5% | 1.84B+23.2% | 1.50B+23.2% | 1.21B+5.4% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 978M+0.1% | 977M-10.6% | 1.09B-13.6% | 1.27B-7.4% | 1.37B+21.5% | |
| Retained earnings | 1.11B+9.1% | 1.02B+35.5% | 752M+220.8% | 235M+250.4% | -156M-769.7% | |
| Accumulated other comprehensive income | -13.9M+29.8% | -19.8M-224.6% | -6.08M+17.7% | -7.40M-2317.0% | -306K | |
| Non-controlling interest | — | — | 0.00-100.0% | 2.29M-86.7% | 17.2M-89.2% | |
| Total equity incl. non-controlling | 2.08B+5.1% | 1.98B+7.5% | 1.84B+23.0% | 1.50B+21.7% | 1.23B-6.1% | |
| Total liabilities & equity | 3.56B+7.9% | 3.30B+8.7% | 3.03B+17.8% | 2.58B+26.2% | 2.04B+8.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 610M-26.5% | 829M-18.3% | 1.01B+91.3% | 530M+291.5% | 135M+58.6% | ||
| Depreciation & amortization | 500M-0.9% | 505M+19.8% | 422M+30.5% | 323M+22.9% | 263M+45.9% | |
| Share-based compensation | 41.9M+29.3% | 32.4M-1.9% | 33.0M+42.9% | 23.1M+15.9% | 19.9M+16.4% | |
| Deferred income taxes | 54.8M+61.9% | 33.8M-71.9% | 120M+1064.7% | -12.5M-345.6% | 5.08M+119.9% | |
| Change in receivables | 69.8M+484.0% | -18.2M+7.3% | -19.6M-111.8% | 167M+84.8% | 90.1M+269.9% | |
| Change in inventory | -12.0M-18115.2% | -66.0K-157.9% | 114K-99.9% | 85.0M+245.3% | 24.6M+1251.7% | |
| -435M+32.4% | -643M+4.3% | -672M-49.2% | -451M-141.6% | -186M-86.0% | ||
| Capital expenditure | 595M-8.5% | 651M+7.9% | 603M+33.5% | 452M+127.3% | 199M+91.8% | |
| Free cash flow | 14.1M-92.1% | 178M-56.6% | 411M+424.2% | 78.5M+223.9% | -63.3M-247.7% | |
| Acquisitions | 15.2M | 0.00-100.0% | 75.7M | 0.00 | 0.00 | |
| Purchases of investments | — | 16.1M-20.8% | 20.3M+35.2% | 15.0M | — | |
| Proceeds from sale of PP&E | — | — | 100K+0.0% | 100K-92.3% | 1.30M | |
| -168M+17.3% | -203M+42.0% | -349M-526.3% | -55.8M-2812.5% | 2.06M+107.1% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 24.9M-80.7% | 129M-36.4% | 203M+62.1% | 125M | 0.00 | |
| Dividends paid | 54.5M+12.8% | 48.3M+28.2% | 37.7M+311.2% | 9.16M+5354.8% | 168K-96.2% | |
| FX effect on cash | 554K+255.6% | -356K-311.9% | 168K+164.6% | -260K-2788.9% | -9.00K | |
| Net change in cash | — | — | — | — | -49.0M-12.0% | |
| Interest paid | 39.7M+20.1% | 33.1M+24.1% | 26.7M+31.2% | 20.3M+53.1% | 13.3M+18.3% | |
| Income taxes paid | 11.1M-69.2% | 35.9M-46.2% | 66.7M+520.7% | 10.7M+213.3% | -9.48M+1.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 3.07B-8.1% | 3.34B+5.7% | 3.16B+3.8% | 3.04B+72.3% | 1.76B+87.9% | |
| P/E | 20.7×+96.4% | 10.6×+106.3% | 5.1×-67.8% | 15.9× | — | |
| P/S | 0.8×-1.0% | 0.8×+20.0% | 0.6×-23.6% | 0.8×+18.0% | 0.7×-26.6% | |
| P/B | 1.5×-12.5% | 1.7×-4.4% | 1.8×-18.5% | 2.2×+48.9% | 1.5×+78.2% | |
| P/FCF | 217.4×+1061.8% | 18.7×+117.8% | 8.6× | — | — | |
| Earnings yield | 4.8%-49.1% | 9.5%-51.5% | 19.5%+210.9% | 6.3% | — | |
| FCF yield | 0.46%-91.4% | 5.3%-54.1% | 11.6% | — | — | |
| Dividend yield | 1.8%+22.6% | 1.5%+20.2% | 1.2%+288.3% | 0.31%+3037.9% | 0.01%-99.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: LBRT’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all LBRT filings on SEC EDGAR → Not investment advice.