
Liberty Oilfield Services Income Statement 2025-2011 | LBRT
Brief overview of financial results at Liberty Oilfield Services
The figures are compared over a five-year interval. Liberty Oilfield Services reported revenue of $966 million in 2020 and $4 billion by 2025. Overall revenue changed by +314.8%, equal to an annualized rate of about 32.9%. The annual growth rate indicates an exceptionally strong top-line trend.
At the gross-profit level, the result moved from 108 million dollars to 838 million dollars, a change of +677.3%. Direct costs grew more slowly than revenue and improved the economics of sales. Gross margin moved from 11.2% to 20.9%. The margin shift points to a more favorable sales-and-cost structure.
EBITDA was 3.1 million dollars at the beginning and 573 million dollars at the end of the period (+18639%). The operating result outpaced sales and points to improving efficiency. EBITDA margin moved from 0.3% to 14.3%. The company improved its ability to convert sales into EBITDA.
Across the five years, the net result shifted from −116 million dollars to 148 million dollars. The company restored profitability by the end of the period.
The market value of the business moved from $879 million to $4.2 billion, or +378.1%. Capitalization moved ahead of the business fundamentals.
Conclusion
The indicators form a favorable picture of business development. The constructive conclusion rests on improving net profitability, sales growth and better sales economics. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Liberty Oilfield Services
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
4.2 B | 2.91 B | 3.03 B | 2.81 B | 1.69 B | 879 M | 636 M | 1.04 B | 2.61 B | - | - | - | - | - | - |
Shares |
162 M | 165 M | 172 M | 184 M | 174 M | 85.2 M | 72.3 M | 68.8 M | 118 M | - | - | - | - | - | - |
Historical Prices |
25.9 | 17.6 | 17.6 | 15.3 | 9.7 | 10.3 | 11 | 12.5 | - | - | - | - | - | - | - |
Net Income |
148 M | 316 M | 556 M | 400 M | -179 M | -116 M | 39 M | 126 M | 169 M | -60.6 M | -9.06 M | - | - | - | - |
Revenue |
4.01 B | 4.32 B | 4.75 B | 4.15 B | 2.47 B | 966 M | 1.99 B | 2.16 B | 1.49 B | 375 M | 455 M | - | - | - | - |
Cost of Revenue |
3.17 B | 3.2 B | 3.35 B | 3.15 B | 2.25 B | 858 M | 1.62 B | 1.63 B | 1.15 B | 355 M | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | 204 M | 401 M | 261 M | -21.3 M | 25.2 M | - | - | - | - |
Operating Income |
72.7 M | 389 M | 761 M | 496 M | -181 M | -177 M | 104 M | 307 M | 181 M | -54.4 M | - | - | - | - | - |
Interest Expense |
122 M | 13.8 M | -25.7 M | -96.4 M | - | - | 14.7 M | 17.1 M | 12.6 M | 6.13 M | - | - | - | - | - |
EBITDA |
573 M | 895 M | 1.18 B | 819 M | 81.5 M | 3.06 M | 272 M | 427 M | 263 M | -15.7 M | 32.9 M | - | - | - | - |
Operating Expenses |
- | - | - | - | - | - | 97.6 M | 99.1 M | 80.1 M | 35.8 M | 28.8 M | - | - | - | - |
General and Administrative Expenses |
247 M | 225 M | 221 M | 180 M | 123 M | 84.1 M | 97.6 M | 99.1 M | 80.1 M | 35.8 M | 28.8 M | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement Liberty Oilfield Services
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
163 M | 162 M | 162 M | 162 M | 162 M | 165 M | 166 M | 166 M | 170 M | 173 M | 177 M | - | 186 M | 187 M | 184 M | - | 178 M | 173 M | 163 M | - | 84.9 M | 83.3 M | 81.7 M | - | 74.2 M | 68.4 M | 67.4 M | - | 68.5 M | 69 M | 68.9 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
43.1 M | 22.6 M | 43.1 M | 71 M | 20.1 M | 73.8 M | 108 M | 81.9 M | 149 M | 153 M | 163 M | - | 147 M | 105 M | -5.38 M | - | -38.9 M | -50.6 M | -34.2 M | -37 M | -34.5 M | -45.8 M | 1.72 M | -12.1 M | 11 M | 22 M | 18.1 M | 19 M | 34.1 M | 49.6 M | 23.7 M | 57.7 M | 63.7 M | 39 M | 8.12 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
1.19 B | 1.02 B | 947 M | 1.04 B | 977 M | 1.14 B | 1.16 B | 1.07 B | 1.22 B | 1.19 B | 1.26 B | - | 1.19 B | 943 M | 793 M | - | 654 M | 581 M | 552 M | 258 M | 147 M | 88.4 M | 472 M | 398 M | 515 M | 542 M | 535 M | 473 M | 559 M | 628 M | 495 M | 449 M | 442 M | 347 M | 252 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
980 M | 844 M | 770 M | 812 M | 762 M | 840 M | 836 M | 783 M | 850 M | 833 M | 888 M | - | 874 M | 714 M | 670 M | - | 594 M | 522 M | 499 M | 237 M | 139 M | 89.5 M | 393 M | 344 M | 421 M | 426 M | 429 M | 378 M | 419 M | 455 M | 377 M | 339 M | 328 M | 268 M | 212 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
12.7 M | 22.3 M | -2.42 M | 37.1 M | 18.2 M | 107 M | 142 M | 115 M | 205 M | 206 M | 225 M | - | 183 M | 111 M | 3.84 M | - | -39.6 M | -36 M | -42.2 M | -54.4 M | -55.4 M | -73.5 M | 6.29 M | -18.3 M | 26.6 M | 51.2 M | 44.2 M | 41.5 M | 82.2 M | 114 M | 68.6 M | 63 M | 67 M | 41.5 M | 9.57 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
39.6 M | 9.58 M | 57.5 M | 58.1 M | 9.74 M | -11.3 M | -862 K | -7.06 M | - | - | 7.89 M | - | - | - | 8.49 M | - | - | - | 3.75 M | 3.65 M | 3.6 M | 3.66 M | 3.61 M | 3.18 M | 3.73 M | 3.6 M | 4.18 M | 3.46 M | 3.65 M | 3.54 M | 6.49 M | 5.35 M | 3.33 M | 2.51 M | 1.45 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
127 M | 136 M | 121 M | 166 M | 146 M | 234 M | 265 M | 239 M | 314 M | 306 M | 320 M | - | 266 M | 188 M | 78.4 M | - | 26.3 M | 27.2 M | 19.8 M | -8.54 M | -10.9 M | -28.6 M | 51.1 M | 26 M | 68.9 M | 91.6 M | 82.5 M | 75.7 M | 115 M | 145 M | 96.6 M | 88.7 M | 91.2 M | 59.1 M | 23.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
67.2 M | 59.5 M | 58.3 M | 58.3 M | 65.8 M | 58.6 M | 57.7 M | 53 M | 55 M | 58 M | 53 M | - | 50.5 M | 42.2 M | 38.3 M | - | 32.3 M | 29.4 M | 26.4 M | 20.1 M | 17.3 M | 18.1 M | 28.6 M | 26.2 M | 25.3 M | 24 M | 22.1 M | 25.4 M | 24.7 M | 27.3 M | 21.7 M | 20.7 M | 22.2 M | 20 M | 17.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Liberty Oilfield Services (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.