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Liberty Oilfield Services LBRT
$ 22.01 4.21%
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Quarterly report 2026-Q2
added 07-23-2026

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.

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