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Provides hydraulic fracturing and pressure pumping services to US onshore oil & gas producers, expanding into gas-fired power.
Provides hydraulic fracturing and pressure pumping services to US onshore oil & gas producers, expanding into gas-fired power.
Contracts out crews and pumping equipment to oil and gas producers, priced per job or under dedicated-fleet agreements, so earnings follow customers' drilling budgets and how many fleets sit idle. Most customers are producers in a handful of US basins, and fleet efficiency counts because pricing is competitive.
Moat: narrow (scale, installed base). Modern, efficient fracturing fleet, but a highly cyclical, commoditized service market.
Headquarters: Denver, Colorado, United States · Founded: 2011 · Employees: 5,800
Size Liberty Energy (LBRT) is a United States Energy company (Oilfield Services/Equipment) with a market value of $1.95B, the 1808th largest of 3,117 United States companies the cockpit tracks. Shares closed at $11.96 on 6 Nov 2026.
Performance Over six months the shares fell 63.9%, against -14.2% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 13.7% over the last twelve months (peer median +9.4%); the operating margin is 1.7% (peer median 11.4%).
Valuation It trades at 0.8× enterprise value to sales against a peer median of 2.5× (2nd cheapest of 21).
Capital Return on invested capital runs 5.3 points below its cost of capital (7.1% WACC).
Credit Liberty Energy has 2 bonds outstanding ($1.29B).
Short interest Short interest is 11.2% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.44B | $4.01B | $4.32B | $4.75B | $4.15B |
| Revenue growth | — | -7% | -9% | +14% | — |
| Gross profit | $339M | $338M | $610M | $977M | $677M |
| EBITDA | $540M | $591M | $889M | $1.18B | $841M |
| Net income | $40.3M | $148M | $316M | $556M | $400M |
| Free cash flow | -$652M | $14.1M | $178M | $411M | $78.5M |
| Capital expenditure | $1.21B | $595M | $651M | $603M | $452M |
| Total debt | $1.60B | $618M | $534M | $405M | $349M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Liberty Energy LBRT | $1.95B | -64% | +14% | 2% | 0.8× | n/a |
| Halliburton HAL | $26.3B | -20% | +2% | 13% | 1.5× | -0.3% |
| ProPetro PUMP | $785M | -59% | -6% | 0% | 0.8× | n/a |
| Patterson-UTI Energy PTEN | $3.76B | -13% | 0% | 0% | 1.0× | 42.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LBRT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -36.5% | -12.8% | lowest of 21 |
| 6-month return | -63.9% | -14.2% | lowest of 20 |
| Distance from 52-week high | -65.3% | -33.1% | 2nd lowest of 21 |
| Revenue growth (TTM) | +13.7% | +9.4% | 10th highest of 21 |
| Operating margin | 1.7% | 11.4% | 4th lowest of 21 |
| EV / Sales | 0.8× | 2.5× | 2nd cheapest of 21 |
| ROIC minus cost of capital | -5.3 pp | -1.0 pp | 5th lowest of 21 |
| EV / EBITDA | 6.4× | 8.2× | 8th cheapest of 19 |
| Net debt / EBITDA | 2.8× | 1.0× | 5th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Liberty Energy LBRT | United States | $1.95B | -64% | +14% | 2% | 0.8× | n/a | n/a |
| National Energy Services Reunited NESR | United States | $2.01B | -14% | +24% | 9% | 1.3× | 1.2% | +9.7% |
| Flowco FLOC | United States | $1.81B | -19% | +20% | 19% | 3.2× | 8.0% | +72.3% |
| Innovex International INVX | United States | $1.76B | -6% | +7% | 12% | 1.6× | 5.7% | +21.8% |
| Expro XPRO | United States | $1.47B | -14% | -5% | 4% | 1.1× | 13.9% | +18.9% |
| BW Energy BWE.OL | Norway | $1.30B | -15% | -25% | 26% | 2.7× | n/a | n/a |
| Waterbridge Infrastructure LLC WBI | United States | $3.06B | -9% | +103% | 17% | 7.6× | n/a | n/a |
| Hornbeck Offshore Services HOS | United States | $1.18B | n/a | +2% | 8% | 0.9× | -1.1% | +12.0% |
| RPC RES | United States | $1.18B | -22% | +18% | 3% | 0.6× | 12.2% | +22.1% |
| Jiangsu Hongtian Technology 603800.SS | China | $1.11B | -32% | -27% | -15% | 9.5× | 32.4% | +5.1% |
| USA Compression Partners LP USAC | United States | $3.62B | -11% | +29% | 29% | 5.2× | -0.4% | +8.4% |
| Kodiak Gas Services KGS | United States | $4.21B | -40% | +8% | 33% | 5.0× | 9.3% | +19.7% |
| Flotek Industries FTK | United States | $886M | +45% | +59% | 13% | 2.7× | n/a | n/a |
| Total Energy Services TOT.TO | Canada | $851M | +41% | +22% | 9% | 1.0× | 3.7% | +23.8% |
| Bomesc Offshore Engineering 603727.SS | China | $823M | +6% | -12% | -7% | 2.4× | -9.1% | -6.1% |
| Solaris Energy Infrastructure SEI | United States | $4.63B | -21% | +71% | 24% | 8.8× | n/a | n/a |
| Cactus WHD | United States | $4.67B | +7% | +40% | 19% | 3.2× | 14.1% | +25.4% |
| Forum Energy Technologies FET | United States | $800M | +30% | +11% | 7% | 1.1× | 3.5% | +9.1% |
| Archrock AROC | United States | $4.83B | -25% | +4% | 39% | 4.8× | 2.8% | +11.2% |
| ProPetro PUMP | United States | $785M | -59% | -6% | 0% | 0.8× | n/a | n/a |
| Viridien VIRI.PA | France | $763M | -16% | -14% | 11% | 1.6× | -2.9% | +4.1% |
Liberty Energy has 2 bonds outstanding with $1.29B face value.