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Liberty Energy share price today

Liberty Energy Inc. · LBRT · Energy · Oil & Gas Equipment & Services · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists

Liberty Energy share price: $13.15 at the close on 4 November 2026, −23.5% in a year.

Getting worseBusiness trend from the last 12 quarters
$13.15Price −23.5% in a year
54.6×P/E higher than 97% of the last 4.1 years
$1.2 BRevenue (Sep 2026) +26.3% on a year ago
−$39.1 MProfit (Sep 2026) −190.7% on a year ago
1.5%Operating margin +1.9 points on a year ago
7%ROE FY25
2.0%ROIC against a 5.3% cost of capital: −3.3 points

Liberty Energy Inc.'s share price has risen faster than its earnings: −23.5% in a year, against −52.4% for earnings per share.

The main question: the share price moved −23.5% in a year while yearly earnings per share moved −52.4%. The difference came from the market paying a higher multiple.

The price has been moving sideways for 17 weeks, and the P/E is higher than 97% of its own last 4.1 years. Over the last four quarters, results have been improving, with profit −190.7% on a year earlier, and 240% of the last 3 years' profit came in as cash. What will decide it: whether earnings grow into a price that has already moved.

What is the Liberty Energy share price today?

Liberty Energy Inc.'s share price was $13.15 at the close on 4 November 2026. It has been moving sideways for 17 weeks. That is 46.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between $13 and $33, and at that close it was at the low of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Liberty Energy Inc. is in stage 1. The phase helps read everything below.

Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 24 weeks running.

1Y

Nov 2026: $13.15, 46.7% below its 200-day average. The price has been moving sideways for 17 weeks.

  • Price $13.15
  • 50-day avg $18.41
  • 200-day avg $24.65
Nov 2026: $13.15, 46.7% below its 200-day average. The price has been moving sideways for 17 weeks.
WeekPrice50-day avg200-day avg
31 Oct 2025$18.11$12.80$13.55
7 Nov 2025$17.19$13.42$13.43
14 Nov 2025$15.92$13.98$13.32
21 Nov 2025$16.40$14.56$13.29
28 Nov 2025$17.78$15.08$13.29
5 Dec 2025$19.50$15.79$13.32
12 Dec 2025$19.26$16.52$13.38
19 Dec 2025$17.48$17.01$13.43
26 Dec 2025$18.30$17.50$13.50
2 Jan 2026$18.88$17.81$13.58
9 Jan 2026$19.67$18.09$13.69
16 Jan 2026$20.19$18.27$13.79
23 Jan 2026$20.84$18.56$13.96
30 Jan 2026$24.65$19.24$14.26
6 Feb 2026$25.23$20.09$14.60
13 Feb 2026$25.90$20.78$14.91
20 Feb 2026$26.85$21.37$15.22
27 Feb 2026$28.09$22.18$15.62
6 Mar 2026$26.80$23.18$16.00
13 Mar 2026$30.22$24.27$16.44
20 Mar 2026$31.45$25.50$16.92
27 Mar 2026$29.04$26.47$17.35
2 Apr 2026$28.10$27.10$17.65
10 Apr 2026$27.63$27.73$18.03
17 Apr 2026$26.30$27.95$18.42
24 Apr 2026$32.74$28.48$18.86
1 May 2026$32.68$29.18$19.40
8 May 2026$33.11$29.72$19.93
15 May 2026$32.95$30.25$20.44
22 May 2026$31.84$30.66$20.96
29 May 2026$29.26$30.61$21.34
5 Jun 2026$28.45$30.63$21.83
12 Jun 2026$28.87$30.58$22.26
18 Jun 2026$27.18$30.53$22.58
26 Jun 2026$26.86$30.48$23.00
2 Jul 2026$23.79$30.30$23.29
10 Jul 2026$24.49$29.50$23.61
17 Jul 2026$23.84$28.60$23.91
24 Jul 2026$17.36$27.54$24.15
31 Jul 2026$18.71$25.99$24.27
7 Aug 2026$19.94$24.76$24.43
14 Aug 2026$22.01$23.91$24.56
21 Aug 2026$19.36$23.05$24.62
28 Aug 2026$19.02$22.14$24.65
4 Sep 2026$20.59$21.44$24.75
11 Sep 2026$20.96$21.07$24.85
18 Sep 2026$19.33$20.62$24.89
25 Sep 2026$18.94$19.99$24.87
2 Oct 2026$19.31$19.51$24.84
9 Oct 2026$19.00$19.71$24.89
16 Oct 2026$16.60$19.56$24.87
23 Oct 2026$15.59$19.08$24.81
30 Oct 2026$16.88$18.68$24.74
4 Nov 2026$13.15$18.41$24.65
Weekly closing price ($) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: $13.15, 46.7% below its 200-day average. The price has been moving sideways for 17 weeks.

  • Price $13.15
  • 50-day avg $18.41
  • 200-day avg $24.65
Nov 2026: $13.15, 46.7% below its 200-day average. The price has been moving sideways for 17 weeks.
WeekPrice50-day avg200-day avg
3 Nov 2023$20.23$18.34$15.25
10 Nov 2023$18.91$18.65$15.35
17 Nov 2023$19.70$18.85$15.45
24 Nov 2023$19.77$18.99$15.54
1 Dec 2023$19.83$19.16$15.65
8 Dec 2023$17.86$19.18$15.73
15 Dec 2023$18.39$19.24$15.79
22 Dec 2023$18.51$19.29$15.85
29 Dec 2023$18.14$19.23$15.95
5 Jan 2024$18.64$19.04$16.06
12 Jan 2024$17.44$18.81$16.19
19 Jan 2024$17.23$18.57$16.27
26 Jan 2024$19.70$18.52$16.40
2 Feb 2024$19.83$18.61$16.58
9 Feb 2024$19.54$18.57$16.73
16 Feb 2024$21.10$18.63$16.92
23 Feb 2024$20.88$18.88$17.09
1 Mar 2024$21.84$19.18$17.32
8 Mar 2024$21.53$19.46$17.54
15 Mar 2024$20.43$19.70$17.74
22 Mar 2024$20.50$19.98$17.94
28 Mar 2024$20.72$20.24$18.07
5 Apr 2024$22.70$20.70$18.28
12 Apr 2024$22.46$20.91$18.52
19 Apr 2024$22.38$21.14$18.73
26 Apr 2024$23.01$21.46$18.94
3 May 2024$21.64$21.55$19.10
10 May 2024$22.45$21.67$19.26
17 May 2024$23.68$21.83$19.43
24 May 2024$23.59$22.10$19.61
31 May 2024$24.69$22.38$19.76
7 Jun 2024$22.73$22.62$19.93
14 Jun 2024$20.55$22.68$20.08
21 Jun 2024$20.01$22.51$20.16
28 Jun 2024$20.89$22.35$20.23
5 Jul 2024$20.31$22.20$20.27
12 Jul 2024$21.15$21.96$20.33
19 Jul 2024$21.54$22.00$20.42
26 Jul 2024$22.97$21.93$20.54
2 Aug 2024$21.32$21.87$20.65
9 Aug 2024$20.46$21.55$20.65
16 Aug 2024$20.78$21.25$20.67
23 Aug 2024$20.70$20.99$20.67
30 Aug 2024$20.59$20.97$20.71
6 Sep 2024$19.15$20.91$20.71
13 Sep 2024$19.36$20.76$20.70
20 Sep 2024$20.92$20.80$20.72
27 Sep 2024$18.98$20.60$20.76
4 Oct 2024$20.51$20.44$20.81
11 Oct 2024$20.45$20.15$20.85
18 Oct 2024$17.70$20.02$20.88
25 Oct 2024$17.91$19.73$20.87
1 Nov 2024$16.68$19.41$20.87
8 Nov 2024$17.68$19.14$20.86
15 Nov 2024$16.90$18.93$20.79
22 Nov 2024$18.99$18.82$20.76
29 Nov 2024$18.40$18.65$20.73
6 Dec 2024$17.23$18.45$20.67
13 Dec 2024$18.97$18.34$20.61
20 Dec 2024$18.17$18.15$20.53
27 Dec 2024$18.69$18.02$20.48
3 Jan 2025$20.89$18.23$20.48
10 Jan 2025$21.40$18.54$20.49
17 Jan 2025$22.63$19.05$20.53
24 Jan 2025$22.20$19.40$20.53
31 Jan 2025$18.31$19.60$20.46
7 Feb 2025$17.09$19.58$20.35
14 Feb 2025$17.91$19.48$20.22
21 Feb 2025$17.83$19.46$20.14
28 Feb 2025$17.27$19.34$20.02
7 Mar 2025$15.17$19.05$19.83
14 Mar 2025$14.54$18.60$19.60
21 Mar 2025$14.63$17.98$19.37
28 Mar 2025$15.80$17.38$19.19
4 Apr 2025$11.04$16.55$19.00
11 Apr 2025$10.94$15.59$18.77
17 Apr 2025$12.08$15.07$18.59
25 Apr 2025$12.17$14.53$18.38
2 May 2025$12.26$13.95$18.15
9 May 2025$12.09$13.35$17.90
16 May 2025$12.24$13.00$17.64
23 May 2025$11.71$12.72$17.39
30 May 2025$11.59$12.50$17.22
6 Jun 2025$12.34$12.21$17.01
13 Jun 2025$13.68$11.91$16.83
20 Jun 2025$12.98$12.08$16.68
27 Jun 2025$11.61$12.14$16.49
3 Jul 2025$12.08$12.15$16.35
11 Jul 2025$12.47$12.17$16.14
18 Jul 2025$11.35$12.16$15.93
25 Jul 2025$13.14$12.18$15.74
1 Aug 2025$11.61$12.21$15.54
8 Aug 2025$11.05$12.19$15.35
15 Aug 2025$10.97$12.10$15.19
22 Aug 2025$11.40$11.93$15.03
29 Aug 2025$11.25$11.72$14.87
5 Sep 2025$10.48$11.61$14.72
12 Sep 2025$10.69$11.49$14.55
19 Sep 2025$10.95$11.36$14.36
26 Sep 2025$12.74$11.41$14.21
3 Oct 2025$12.91$11.47$14.06
10 Oct 2025$12.05$11.47$13.92
17 Oct 2025$15.32$11.61$13.77
24 Oct 2025$16.40$12.08$13.65
31 Oct 2025$18.11$12.80$13.55
7 Nov 2025$17.19$13.42$13.43
14 Nov 2025$15.92$13.98$13.32
21 Nov 2025$16.40$14.56$13.29
28 Nov 2025$17.78$15.08$13.29
5 Dec 2025$19.50$15.79$13.32
12 Dec 2025$19.26$16.52$13.38
19 Dec 2025$17.48$17.01$13.43
26 Dec 2025$18.30$17.50$13.50
2 Jan 2026$18.88$17.81$13.58
9 Jan 2026$19.67$18.09$13.69
16 Jan 2026$20.19$18.27$13.79
23 Jan 2026$20.84$18.56$13.96
30 Jan 2026$24.65$19.24$14.26
6 Feb 2026$25.23$20.09$14.60
13 Feb 2026$25.90$20.78$14.91
20 Feb 2026$26.85$21.37$15.22
27 Feb 2026$28.09$22.18$15.62
6 Mar 2026$26.80$23.18$16.00
13 Mar 2026$30.22$24.27$16.44
20 Mar 2026$31.45$25.50$16.92
27 Mar 2026$29.04$26.47$17.35
2 Apr 2026$28.10$27.10$17.65
10 Apr 2026$27.63$27.73$18.03
17 Apr 2026$26.30$27.95$18.42
24 Apr 2026$32.74$28.48$18.86
1 May 2026$32.68$29.18$19.40
8 May 2026$33.11$29.72$19.93
15 May 2026$32.95$30.25$20.44
22 May 2026$31.84$30.66$20.96
29 May 2026$29.26$30.61$21.34
5 Jun 2026$28.45$30.63$21.83
12 Jun 2026$28.87$30.58$22.26
18 Jun 2026$27.18$30.53$22.58
26 Jun 2026$26.86$30.48$23.00
2 Jul 2026$23.79$30.30$23.29
10 Jul 2026$24.49$29.50$23.61
17 Jul 2026$23.84$28.60$23.91
24 Jul 2026$17.36$27.54$24.15
31 Jul 2026$18.71$25.99$24.27
7 Aug 2026$19.94$24.76$24.43
14 Aug 2026$22.01$23.91$24.56
21 Aug 2026$19.36$23.05$24.62
28 Aug 2026$19.02$22.14$24.65
4 Sep 2026$20.59$21.44$24.75
11 Sep 2026$20.96$21.07$24.85
18 Sep 2026$19.33$20.62$24.89
25 Sep 2026$18.94$19.99$24.87
2 Oct 2026$19.31$19.51$24.84
9 Oct 2026$19.00$19.71$24.89
16 Oct 2026$16.60$19.56$24.87
23 Oct 2026$15.59$19.08$24.81
30 Oct 2026$16.88$18.68$24.74
4 Nov 2026$13.15$18.41$24.65
Weekly closing price ($) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 3-year window.

5Y

Nov 2026: $13.15, 46.7% below its 200-day average. The price has been moving sideways for 17 weeks.

  • Price $13.15
  • 50-day avg $18.41
  • 200-day avg $24.65
Nov 2026: $13.15, 46.7% below its 200-day average. The price has been moving sideways for 17 weeks.
WeekPrice50-day avg200-day avg
29 Oct 2021$12.92$12.24$12.41
12 Nov 2021$10.90$12.59$12.40
26 Nov 2021$9.30$12.50$12.30
10 Dec 2021$10.45$12.10$12.22
23 Dec 2021$10.16$11.42$12.07
7 Jan 2022$12.13$10.56$12.03
21 Jan 2022$11.37$10.47$12.06
4 Feb 2022$12.27$10.85$12.14
18 Feb 2022$11.51$11.31$12.13
4 Mar 2022$14.16$11.76$12.06
18 Mar 2022$13.80$12.53$12.01
1 Apr 2022$15.44$13.06$11.98
14 Apr 2022$17.02$13.70$12.02
29 Apr 2022$16.14$14.74$12.19
13 May 2022$14.76$15.42$12.39
27 May 2022$16.44$15.70$12.68
10 Jun 2022$16.87$16.22$13.02
24 Jun 2022$12.30$15.93$13.18
8 Jul 2022$12.17$15.10$13.26
22 Jul 2022$12.05$14.27$13.24
5 Aug 2022$13.07$13.99$13.21
19 Aug 2022$14.51$13.31$13.19
2 Sep 2022$14.72$13.44$13.37
16 Sep 2022$13.64$13.83$13.60
30 Sep 2022$12.68$13.95$13.74
14 Oct 2022$14.15$14.12$13.97
28 Oct 2022$15.99$14.54$14.19
11 Nov 2022$17.88$14.97$14.45
25 Nov 2022$16.35$15.35$14.67
9 Dec 2022$14.20$15.92$14.86
23 Dec 2022$16.20$16.18$14.96
6 Jan 2023$15.17$16.15$15.02
20 Jan 2023$14.72$15.94$15.05
3 Feb 2023$15.31$15.55$15.00
17 Feb 2023$15.06$15.43$14.94
3 Mar 2023$16.40$15.49$14.96
17 Mar 2023$12.66$15.25$14.88
31 Mar 2023$12.81$14.61$14.65
14 Apr 2023$13.44$14.29$14.65
28 Apr 2023$12.81$13.82$14.70
12 May 2023$12.08$13.17$14.69
26 May 2023$12.53$12.76$14.64
9 Jun 2023$13.66$12.85$14.58
23 Jun 2023$12.48$12.88$14.50
7 Jul 2023$14.79$12.91$14.45
21 Jul 2023$15.34$13.50$14.59
4 Aug 2023$16.56$14.25$14.67
18 Aug 2023$16.23$14.97$14.69
1 Sep 2023$16.51$15.47$14.62
15 Sep 2023$18.18$16.31$14.67
29 Sep 2023$18.52$16.90$14.82
13 Oct 2023$18.88$17.23$14.92
27 Oct 2023$19.60$17.95$15.14
10 Nov 2023$18.91$18.65$15.35
24 Nov 2023$19.77$18.99$15.54
8 Dec 2023$17.86$19.18$15.73
22 Dec 2023$18.51$19.29$15.85
5 Jan 2024$18.64$19.04$16.06
19 Jan 2024$17.23$18.57$16.27
2 Feb 2024$19.83$18.61$16.58
16 Feb 2024$21.10$18.63$16.92
1 Mar 2024$21.84$19.18$17.32
15 Mar 2024$20.43$19.70$17.74
28 Mar 2024$20.72$20.24$18.07
12 Apr 2024$22.46$20.91$18.52
26 Apr 2024$23.01$21.46$18.94
10 May 2024$22.45$21.67$19.26
24 May 2024$23.59$22.10$19.61
7 Jun 2024$22.73$22.62$19.93
21 Jun 2024$20.01$22.51$20.16
5 Jul 2024$20.31$22.20$20.27
19 Jul 2024$21.54$22.00$20.42
2 Aug 2024$21.32$21.87$20.65
16 Aug 2024$20.78$21.25$20.67
30 Aug 2024$20.59$20.97$20.71
13 Sep 2024$19.36$20.76$20.70
27 Sep 2024$18.98$20.60$20.76
11 Oct 2024$20.45$20.15$20.85
25 Oct 2024$17.91$19.73$20.87
8 Nov 2024$17.68$19.14$20.86
22 Nov 2024$18.99$18.82$20.76
6 Dec 2024$17.23$18.45$20.67
20 Dec 2024$18.17$18.15$20.53
3 Jan 2025$20.89$18.23$20.48
17 Jan 2025$22.63$19.05$20.53
31 Jan 2025$18.31$19.60$20.46
14 Feb 2025$17.91$19.48$20.22
28 Feb 2025$17.27$19.34$20.02
14 Mar 2025$14.54$18.60$19.60
28 Mar 2025$15.80$17.38$19.19
11 Apr 2025$10.94$15.59$18.77
25 Apr 2025$12.17$14.53$18.38
9 May 2025$12.09$13.35$17.90
23 May 2025$11.71$12.72$17.39
6 Jun 2025$12.34$12.21$17.01
20 Jun 2025$12.98$12.08$16.68
3 Jul 2025$12.08$12.15$16.35
18 Jul 2025$11.35$12.16$15.93
1 Aug 2025$11.61$12.21$15.54
15 Aug 2025$10.97$12.10$15.19
29 Aug 2025$11.25$11.72$14.87
12 Sep 2025$10.69$11.49$14.55
26 Sep 2025$12.74$11.41$14.21
10 Oct 2025$12.05$11.47$13.92
24 Oct 2025$16.40$12.08$13.65
7 Nov 2025$17.19$13.42$13.43
21 Nov 2025$16.40$14.56$13.29
5 Dec 2025$19.50$15.79$13.32
19 Dec 2025$17.48$17.01$13.43
2 Jan 2026$18.88$17.81$13.58
16 Jan 2026$20.19$18.27$13.79
30 Jan 2026$24.65$19.24$14.26
13 Feb 2026$25.90$20.78$14.91
27 Feb 2026$28.09$22.18$15.62
13 Mar 2026$30.22$24.27$16.44
27 Mar 2026$29.04$26.47$17.35
10 Apr 2026$27.63$27.73$18.03
24 Apr 2026$32.74$28.48$18.86
8 May 2026$33.11$29.72$19.93
22 May 2026$31.84$30.66$20.96
5 Jun 2026$28.45$30.63$21.83
18 Jun 2026$27.18$30.53$22.58
2 Jul 2026$23.79$30.30$23.29
17 Jul 2026$23.84$28.60$23.91
31 Jul 2026$18.71$25.99$24.27
14 Aug 2026$22.01$23.91$24.56
28 Aug 2026$19.02$22.14$24.65
11 Sep 2026$20.96$21.07$24.85
25 Sep 2026$18.94$19.99$24.87
9 Oct 2026$19.00$19.71$24.89
23 Oct 2026$15.59$19.08$24.81
4 Nov 2026$13.15$18.41$24.65
Weekly closing price ($) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 5-year window.

Price stage: Sideways from Oct 2025 to Feb 2026; Rising from Mar 2026 to Jul 2026; Sideways from Jul 2026 to Nov 2026.

Price stage: Rising from Nov 2023 to Aug 2024; Sideways from Aug 2024 to Dec 2024; Rising from Jan 2025 to Feb 2025; Falling from Feb 2025 to Oct 2025; Sideways from Oct 2025 to Feb 2026; Rising from Mar 2026 to Jul 2026; Sideways from Jul 2026 to Nov 2026.

Price stage: Sideways from Oct 2021 to Mar 2022; Sideways from Mar 2022 to Jun 2022; Sideways from Jun 2022 to Aug 2022; Rising from Aug 2022 to Mar 2023; Sideways from Mar 2023 to Jun 2023; Sideways from Jul 2023 to Oct 2023; Rising from Oct 2023 to Aug 2024; Sideways from Aug 2024 to Jan 2025; Falling from Feb 2025 to Oct 2025; Sideways from Oct 2025 to Feb 2026; Rising from Mar 2026 to Jul 2026; Sideways from Jul 2026 to Nov 2026.

Week by week since 2018: did it beat the S&P 500 over the past 13 weeks?

Ahead in 197 of 447 weeks

Week by week since 2018: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
19 Jan 2018no S&P 500 reading
26 Jan 2018no S&P 500 reading
2 Feb 2018no S&P 500 reading
9 Feb 2018no S&P 500 reading
16 Feb 2018no S&P 500 reading
23 Feb 2018no S&P 500 reading
2 Mar 2018no S&P 500 reading
9 Mar 2018no S&P 500 reading
16 Mar 2018no S&P 500 reading
23 Mar 2018no S&P 500 reading
29 Mar 2018no S&P 500 reading
6 Apr 2018no S&P 500 reading
13 Apr 2018no S&P 500 reading
20 Apr 2018−8.8%
27 Apr 2018−4.1%
4 May 2018−2.2%
11 May 2018+3.4%
18 May 2018+16.3%
25 May 2018+5.6%
1 Jun 2018+13.0%
8 Jun 2018+2.3%
15 Jun 2018−2.3%
22 Jun 2018−5.1%
29 Jun 2018+7.7%
6 Jul 2018+0.9%
13 Jul 2018−7.9%
20 Jul 2018−8.9%
27 Jul 2018−18.5%
3 Aug 2018−6.6%
10 Aug 2018−3.6%
17 Aug 2018−17.2%
24 Aug 2018−8.8%
31 Aug 2018−8.2%
7 Sep 2018−16.2%
14 Sep 2018+9.0%
21 Sep 2018+13.6%
28 Sep 2018+8.1%
5 Oct 2018+14.5%
12 Oct 2018+11.4%
19 Oct 2018+2.3%
26 Oct 2018+3.7%
2 Nov 2018+4.6%
9 Nov 2018+2.9%
16 Nov 2018+1.0%
23 Nov 2018−6.2%
30 Nov 2018−6.8%
7 Dec 2018+3.0%
14 Dec 2018−11.8%
21 Dec 2018−21.5%
28 Dec 2018−25.4%
4 Jan 2019−26.5%
11 Jan 2019−28.0%
18 Jan 2019−15.9%
25 Jan 2019−9.1%
1 Feb 2019−21.1%
8 Feb 2019−22.7%
15 Feb 2019−14.3%
22 Feb 2019−10.2%
1 Mar 2019−6.8%
8 Mar 2019−10.8%
15 Mar 2019−7.5%
22 Mar 2019−4.4%
29 Mar 2019+5.3%
5 Apr 2019+6.4%
12 Apr 2019+10.8%
18 Apr 2019+0.4%
26 Apr 2019−10.0%
3 May 2019−1.1%
10 May 2019−5.3%
17 May 2019−9.2%
24 May 2019−18.5%
31 May 2019−20.6%
7 Jun 2019−11.2%
14 Jun 2019−16.6%
21 Jun 2019−2.5%
28 Jun 2019+1.4%
5 Jul 2019−7.4%
12 Jul 2019−11.1%
19 Jul 2019−24.4%
26 Jul 2019−15.4%
2 Aug 2019−20.5%
9 Aug 2019−23.9%
16 Aug 2019−27.2%
23 Aug 2019−28.6%
30 Aug 2019−21.8%
6 Sep 2019−26.7%
13 Sep 2019−21.2%
20 Sep 2019−29.3%
27 Sep 2019−33.8%
4 Oct 2019−33.5%
11 Oct 2019−37.6%
18 Oct 2019−37.0%
25 Oct 2019−31.0%
1 Nov 2019−30.4%
8 Nov 2019−30.8%
15 Nov 2019−34.4%
22 Nov 2019−25.3%
29 Nov 2019−25.4%
6 Dec 2019−18.4%
13 Dec 2019−10.1%
20 Dec 2019−9.4%
27 Dec 2019−8.7%
3 Jan 2020−2.3%
10 Jan 2020+7.0%
17 Jan 2020+17.7%
24 Jan 2020−16.2%
31 Jan 2020−18.7%
7 Feb 2020−21.5%
14 Feb 2020−15.9%
21 Feb 2020−13.5%
28 Feb 2020−18.6%
6 Mar 2020−43.1%
13 Mar 2020−56.8%
20 Mar 2020−48.9%
27 Mar 2020−54.3%
3 Apr 2020−54.6%
9 Apr 2020−54.3%
17 Apr 2020−60.0%
24 Apr 2020−45.3%
1 May 2020−37.3%
8 May 2020−27.3%
15 May 2020−30.5%
22 May 2020−25.9%
29 May 2020−25.7%
5 Jun 2020+43.1%
12 Jun 2020+86.7%
19 Jun 2020+137.3%
26 Jun 2020+75.2%
2 Jul 2020+98.0%
10 Jul 2020+46.3%
17 Jul 2020+101.0%
24 Jul 2020+68.2%
31 Jul 2020+16.2%
7 Aug 2020+23.2%
14 Aug 2020+51.7%
21 Aug 2020+14.5%
28 Aug 2020+17.0%
4 Sep 2020+16.4%
11 Sep 2020+27.2%
18 Sep 2020+30.2%
25 Sep 2020+34.3%
2 Oct 2020+49.5%
9 Oct 2020+46.6%
16 Oct 2020+17.8%
23 Oct 2020+19.8%
30 Oct 2020+18.2%
6 Nov 2020+0.0%
13 Nov 2020+7.4%
20 Nov 2020+39.7%
27 Nov 2020+47.5%
4 Dec 2020+19.8%
11 Dec 2020+26.3%
18 Dec 2020+5.3%
24 Dec 2020+34.0%
31 Dec 2020+6.8%
8 Jan 2021+38.3%
15 Jan 2021+60.1%
22 Jan 2021+41.0%
29 Jan 2021+66.6%
5 Feb 2021+75.6%
12 Feb 2021+20.6%
19 Feb 2021+1.5%
26 Feb 2021+8.9%
5 Mar 2021+19.2%
12 Mar 2021+9.8%
19 Mar 2021+4.2%
26 Mar 2021−2.2%
1 Apr 2021+6.3%
9 Apr 2021−20.4%
16 Apr 2021−26.4%
23 Apr 2021−28.2%
30 Apr 2021−15.4%
7 May 2021+2.4%
14 May 2021+25.5%
21 May 2021+32.0%
28 May 2021+17.5%
4 Jun 2021+18.3%
11 Jun 2021+9.9%
18 Jun 2021+15.8%
25 Jun 2021+30.1%
2 Jul 2021+18.9%
9 Jul 2021+22.3%
16 Jul 2021+5.4%
23 Jul 2021+5.2%
30 Jul 2021−18.0%
6 Aug 2021−35.3%
13 Aug 2021−38.0%
20 Aug 2021−40.5%
27 Aug 2021−36.4%
3 Sep 2021−47.9%
10 Sep 2021−40.7%
17 Sep 2021−31.1%
24 Sep 2021−30.2%
1 Oct 2021−14.8%
8 Oct 2021−1.5%
15 Oct 2021+27.4%
22 Oct 2021+30.7%
29 Oct 2021+22.1%
5 Nov 2021+15.6%
12 Nov 2021+5.3%
19 Nov 2021−8.0%
26 Nov 2021−14.1%
3 Dec 2021−13.9%
10 Dec 2021+0.6%
17 Dec 2021−15.6%
23 Dec 2021−17.7%
31 Dec 2021−33.0%
7 Jan 2022−18.2%
14 Jan 2022−22.4%
21 Jan 2022−20.9%
28 Jan 2022−2.0%
4 Feb 2022+7.6%
11 Feb 2022+16.3%
18 Feb 2022+30.8%
25 Feb 2022+32.4%
4 Mar 2022+63.1%
11 Mar 2022+57.7%
18 Mar 2022+49.7%
25 Mar 2022+58.4%
1 Apr 2022+63.8%
8 Apr 2022+34.5%
14 Apr 2022+42.5%
22 Apr 2022+50.9%
29 Apr 2022+39.3%
6 May 2022+41.5%
13 May 2022+31.3%
20 May 2022+39.8%
27 May 2022+43.5%
3 Jun 2022+33.0%
10 Jun 2022+17.1%
17 Jun 2022+14.5%
24 Jun 2022−7.9%
1 Jul 2022−2.0%
8 Jul 2022−10.0%
15 Jul 2022−20.3%
22 Jul 2022−21.2%
29 Jul 2022−12.0%
5 Aug 2022−20.5%
12 Aug 2022−8.2%
19 Aug 2022−11.0%
26 Aug 2022−2.5%
2 Sep 2022−14.4%
9 Sep 2022−15.5%
16 Sep 2022−3.3%
23 Sep 2022−0.3%
30 Sep 2022+6.3%
7 Oct 2022+31.0%
14 Oct 2022+30.0%
21 Oct 2022+36.6%
28 Oct 2022+18.2%
4 Nov 2022+42.3%
11 Nov 2022+30.2%
18 Nov 2022+22.2%
25 Nov 2022+5.3%
2 Dec 2022+5.6%
9 Dec 2022−2.0%
16 Dec 2022+14.7%
23 Dec 2022+36.1%
30 Dec 2022+19.2%
6 Jan 2023−6.7%
13 Jan 2023+5.8%
20 Jan 2023−12.7%
27 Jan 2023−8.0%
3 Feb 2023−21.7%
10 Feb 2023−16.0%
17 Feb 2023−13.4%
24 Feb 2023−5.1%
3 Mar 2023+2.5%
10 Mar 2023+3.1%
17 Mar 2023−20.4%
24 Mar 2023−30.2%
31 Mar 2023−27.0%
6 Apr 2023−17.8%
14 Apr 2023−22.5%
21 Apr 2023−13.0%
28 Apr 2023−19.3%
5 May 2023−20.6%
12 May 2023−22.7%
19 May 2023−17.1%
26 May 2023−24.0%
2 Jun 2023−25.4%
9 Jun 2023−16.3%
16 Jun 2023−4.2%
23 Jun 2023−4.1%
30 Jun 2023−3.9%
7 Jul 2023+4.0%
14 Jul 2023+2.8%
21 Jul 2023+4.7%
28 Jul 2023+14.0%
4 Aug 2023+27.8%
11 Aug 2023+29.8%
18 Aug 2023+21.5%
25 Aug 2023+21.7%
1 Sep 2023+19.7%
8 Sep 2023+26.4%
15 Sep 2023+31.4%
22 Sep 2023+45.0%
29 Sep 2023+42.1%
6 Oct 2023+16.4%
13 Oct 2023+29.7%
20 Oct 2023+42.0%
27 Oct 2023+33.7%
3 Nov 2023+24.9%
10 Nov 2023+14.5%
17 Nov 2023+18.1%
24 Nov 2023+21.2%
1 Dec 2023+18.4%
8 Dec 2023−2.7%
15 Dec 2023−4.7%
22 Dec 2023−7.3%
29 Dec 2023−13.2%
5 Jan 2024+1.3%
12 Jan 2024−18.1%
19 Jan 2024−31.4%
26 Jan 2024−18.2%
2 Feb 2024−15.7%
9 Feb 2024−10.4%
16 Feb 2024−3.7%
23 Feb 2024−5.9%
1 Mar 2024−1.6%
8 Mar 2024+9.4%
15 Mar 2024+2.5%
22 Mar 2024+0.7%
28 Mar 2024+4.2%
5 Apr 2024+11.0%
12 Apr 2024+21.6%
19 Apr 2024+27.3%
26 Apr 2024+12.5%
3 May 2024+5.7%
10 May 2024+11.0%
17 May 2024+6.2%
24 May 2024+8.7%
31 May 2024+10.2%
7 Jun 2024+1.2%
14 Jun 2024−5.9%
21 Jun 2024−6.9%
28 Jun 2024−3.2%
5 Jul 2024−17.5%
12 Jul 2024−15.5%
19 Jul 2024−14.6%
26 Jul 2024−7.3%
2 Aug 2024−5.7%
9 Aug 2024−11.2%
16 Aug 2024−16.9%
23 Aug 2024−18.4%
30 Aug 2024−23.5%
6 Sep 2024−16.9%
13 Sep 2024−9.3%
20 Sep 2024+0.2%
27 Sep 2024−14.2%
4 Oct 2024−2.3%
11 Oct 2024−6.8%
18 Oct 2024−24.3%
25 Oct 2024−28.4%
1 Nov 2024−28.9%
8 Nov 2024−25.8%
15 Nov 2024−24.3%
22 Nov 2024−14.2%
29 Nov 2024−17.5%
6 Dec 2024−22.5%
13 Dec 2024−9.5%
20 Dec 2024−17.2%
27 Dec 2024−5.6%
3 Jan 2025−1.5%
10 Jan 2025+4.5%
17 Jan 2025+25.6%
24 Jan 2025+19.0%
31 Jan 2025+4.4%
7 Feb 2025−3.8%
14 Feb 2025+1.9%
21 Feb 2025−6.9%
28 Feb 2025−4.8%
7 Mar 2025−6.7%
14 Mar 2025−16.5%
21 Mar 2025−14.9%
28 Mar 2025−8.8%
4 Apr 2025−32.5%
11 Apr 2025−40.9%
17 Apr 2025−34.7%
25 Apr 2025−35.8%
2 May 2025−27.2%
9 May 2025−23.2%
16 May 2025−29.1%
23 May 2025−30.9%
30 May 2025−32.1%
6 Jun 2025−22.7%
13 Jun 2025−12.0%
20 Jun 2025−16.7%
27 Jun 2025−37.2%
3 Jul 2025−14.3%
11 Jul 2025−2.8%
18 Jul 2025−25.3%
25 Jul 2025−7.7%
1 Aug 2025−15.0%
8 Aug 2025−21.5%
15 Aug 2025−18.7%
22 Aug 2025−14.1%
29 Aug 2025−12.4%
5 Sep 2025−23.1%
12 Sep 2025−32.0%
19 Sep 2025−27.3%
26 Sep 2025+2.1%
3 Oct 2025−0.1%
10 Oct 2025−8.1%
17 Oct 2025+29.1%
24 Oct 2025+18.5%
31 Oct 2025+46.3%
7 Nov 2025+50.3%
14 Nov 2025+40.7%
21 Nov 2025+41.7%
28 Nov 2025+52.1%
5 Dec 2025+80.1%
12 Dec 2025+76.5%
19 Dec 2025+57.1%
26 Dec 2025+39.3%
2 Jan 2026+44.2%
9 Jan 2026+57.0%
16 Jan 2026+27.7%
23 Jan 2026+25.3%
30 Jan 2026+34.7%
6 Feb 2026+43.8%
13 Feb 2026+61.2%
20 Feb 2026+59.1%
27 Feb 2026+57.6%
6 Mar 2026+39.4%
13 Mar 2026+59.8%
20 Mar 2026+84.6%
27 Mar 2026+66.8%
2 Apr 2026+52.8%
10 Apr 2026+42.6%
17 Apr 2026+27.6%
24 Apr 2026+53.5%
1 May 2026+28.4%
8 May 2026+24.4%
15 May 2026+18.8%
22 May 2026+10.4%
29 May 2026−6.1%
5 Jun 2026−3.5%
12 Jun 2026−16.5%
18 Jun 2026−28.7%
26 Jun 2026−22.5%
2 Jul 2026−28.9%
10 Jul 2026−22.5%
17 Jul 2026−14.0%
24 Jul 2026−50.5%
31 Jul 2026−46.4%
7 Aug 2026−44.6%
14 Aug 2026−38.2%
21 Aug 2026−41.9%
28 Aug 2026−36.7%
4 Sep 2026−32.1%
11 Sep 2026−30.4%
18 Sep 2026−30.9%
25 Sep 2026−35.3%
2 Oct 2026−22.2%
9 Oct 2026−25.5%
16 Oct 2026−33.1%
23 Oct 2026−13.0%
30 Oct 2026−10.9%
4 Nov 2026−33.2%
Each bar is one week, from 2018 to now (447 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 8.8 years the share price moved −42% while the S&P 500 moved +173%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 22 May 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does Liberty Energy pay?

Liberty Energy Inc. paid $0.36 per share over the last four reported quarters. The most recent declaration was $0.09 for Sep 2026. At today's price of $13.15 that is a yield of 2.74%, based on dividends already paid, not a forecast.

A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.

Dividend per share each quarter: latest $0.09 (Sep 2026)

  • Dividend per share $0.09
Dividend per share each quarter: latest $0.09 (Sep 2026)
QuarterDividend per share
Dec 2023$0.07
Mar 2024$0.07
Jun 2024$0.07
Sep 2024$0.07
Dec 2024$0.08
Mar 2025$0.08
Jun 2025$0.08
Sep 2025$0.08
Dec 2025$0.09
Mar 2026$0.09
Jun 2026$0.09
Sep 2026$0.09
Declared dividend per share, $ a share, each reported quarter. 12 quarters on file.

Which stock lists is Liberty Energy on?

Liberty Energy is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Is Liberty Energy profitable?

Liberty Energy Inc. posted a net loss of $39.1 M in the Sep 2026 quarter. Full-year FY25 profit was $148 M. That loss is 3.3% of the quarter's revenue. The same quarter a year earlier earned $43.1 M. 1 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Sep 2026 profit was −$39.1 M, −190.7% on a year earlier. For the full year, FY25 profit was $148 M (−53.2% on the year before).

FY25 profit $148 M (−53.2% on the year before)

  • Net profit $148 M
FY25 profit $148 M (−53.2% on the year before)
QuarterNet profit
FY21−$179 M
FY22$400 M
FY23$556 M
FY24$316 M
FY25$148 M

Growth on a year earlier

  • Growth on a year earlier −53.2%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22–
FY2339.2%
FY24−43.2%
FY25−53.2%
Top: net profit each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Sep 2026: −$39.1 M (−190.7% on a year earlier)

  • Net profit (quarterly) −$39.1 M
Sep 2026: −$39.1 M (−190.7% on a year earlier)
QuarterNet profit (quarterly)
Dec 2023$92.4 M
Mar 2024$81.9 M
Jun 2024$108 M
Sep 2024$73.8 M
Dec 2024$51.9 M
Mar 2025$20.1 M
Jun 2025$71.0 M
Sep 2025$43.1 M
Dec 2025$13.7 M
Mar 2026$22.6 M
Jun 2026$43.1 M
Sep 2026−$39.1 M

Growth on a year earlier

  • Growth on a year earlier −190.7%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 2023−39.6%
Mar 2024−49.7%
Jun 2024−29%
Sep 2024−50.3%
Dec 2024−43.8%
Mar 2025−75.4%
Jun 2025−34.5%
Sep 2025−41.7%
Dec 2025−73.6%
Mar 202612.2%
Jun 2026−39.3%
Sep 2026−190.7%
Top: net profit each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +26.3% on a year earlier and the margin moved +1.9 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −72.8% and revenue +13.7%. Profit is growing slower than sales: rising costs are taking part of the growth.

How much revenue does Liberty Energy make, and is it growing?

Liberty Energy Inc. reported $1.2 B of revenue in the Sep 2026 quarter, +26.3% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 4 years it has grown 12.8% a year on average. The last full year, FY25, came in at $4.0 B.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $4.4 B.

FY25 revenue was $4.0 B, −7.2% on the year before.

FY25 revenue $4.0 B (−7.2% on the year before), 12.8% a year over 4 years

  • Revenue $4.0 B
FY25 revenue $4.0 B (−7.2% on the year before), 12.8% a year over 4 years
QuarterRevenue
FY21$2.5 B
FY22$4.1 B
FY23$4.7 B
FY24$4.3 B
FY25$4.0 B

Growth on a year earlier

  • Growth on a year earlier −7.2%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY2267.9%
FY2314.4%
FY24−9.1%
FY25−7.2%
Top: revenue each year, $ B. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Sep 2026: $1.2 B (+26.3% on a year earlier), the 4th quarter in a row of growth

  • Revenue (quarterly) $1.2 B
Sep 2026: $1.2 B (+26.3% on a year earlier), the 4th quarter in a row of growth
QuarterRevenue (quarterly)
Dec 2023$1.1 B
Mar 2024$1.1 B
Jun 2024$1.2 B
Sep 2024$1.1 B
Dec 2024$944 M
Mar 2025$977 M
Jun 2025$1.0 B
Sep 2025$947 M
Dec 2025$1.0 B
Mar 2026$1.0 B
Jun 2026$1.2 B
Sep 2026$1.2 B

Growth on a year earlier

  • Growth on a year earlier 26.3%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 2023−12.3%
Mar 2024−15%
Jun 2024−2.9%
Sep 2024−6.4%
Dec 2024−12.2%
Mar 2025−8.9%
Jun 2025−10.1%
Sep 2025−16.8%
Dec 202510.1%
Mar 20264.5%
Jun 202614%
Sep 202626.3%
Top: revenue each quarter, $ B. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +13.7% on average, against 12.8% a year over the longer run, so this year is growing at about the same pace as its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +13.6%, against +0.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −78.3%, against −66.4% a year (rolling over).

How much of every $100 of sales does Liberty Energy keep?

Liberty Energy Inc.'s operating margin was 1.5% in the Sep 2026 quarter, 1.9 percentage points higher than the same quarter a year ago. Across 5 years it has been between −6.7% and 15.9%. The latest quarter is within that range.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +1.9 percentage points on the year while gross margin changed −1.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

FY25: 2.5%, within a range of −6.7% to 15.9% over 5 years

  • Operating margin 2.5%
FY25: 2.5%, within a range of −6.7% to 15.9% over 5 years
QuarterOperating margin
FY21−6.7%
FY2212%
FY2315.9%
FY248.9%
FY252.5%

Change on the year before (points)

  • Change on the year before (points) −6.4 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY21–
FY22+18.7 pts
FY23+3.9 pts
FY24−7.0 pts
FY25−6.4 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 5-year window.

Sep 2026: operating margin 1.5% (+1.9 points on a year earlier)

  • Operating margin 1.5%
Sep 2026: operating margin 1.5% (+1.9 points on a year earlier)
QuarterOperating margin
Dec 202311.5%
Mar 202410.6%
Jun 202412.3%
Sep 202410%
Dec 20241.4%
Mar 20252.3%
Jun 20254.1%
Sep 2025−0.4%
Dec 20252.8%
Mar 20260.4%
Jun 20261.6%
Sep 20261.5%

Change on a year earlier (points)

  • Change on a year earlier (points) +1.9 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Dec 2023−4.6 pts
Mar 2024−7.3 pts
Jun 2024−4.8 pts
Sep 2024−6.6 pts
Dec 2024−10.1 pts
Mar 2025−8.3 pts
Jun 2025−8.2 pts
Sep 2025−10.4 pts
Dec 2025+1.4 pts
Mar 2026−1.9 pts
Jun 2026−2.5 pts
Sep 2026+1.9 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is Liberty Energy's profit turning into cash?

Over the last 3 years, 240% of Liberty Energy Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $610 M of operating cash against $148 M of profit. After $595 M of spending on assets, $14.1 M was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY25: operating cash $610 M against profit $148 M; 240% of 3 years' profit came in as cash

  • Operating cash $610 M
  • Net profit $148 M
  • Free cash $14.1 M
FY25: operating cash $610 M against profit $148 M; 240% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY21$135 M−$179 M−$63.3 M
FY22$530 M$400 M$78.5 M
FY23$1.0 B$556 M$411 M
FY24$829 M$316 M$178 M
FY25$610 M$148 M$14.1 M
Operating cash flow and net profit each year, $ B. The line is free cash flow: operating cash minus spending on assets. 5-year window, yearly figures.

Sep 2026: operating cash $223 M

  • Operating cash (quarterly) $223 M
Sep 2026: operating cash $223 M
QuarterOperating cash (quarterly)
Dec 2023$295 M
Mar 2024$159 M
Jun 2024$248 M
Sep 2024$244 M
Dec 2024$177 M
Mar 2025$192 M
Jun 2025$171 M
Sep 2025$51.5 M
Dec 2025$195 M
Mar 2026$8.4 M
Jun 2026$133 M
Sep 2026$223 M

Operating cash as % of profit

  • Operating cash as % of profit 309%
Operating cash as % of profit
QuarterOperating cash as % of profit
Dec 2023319%
Mar 2024195%
Jun 2024229%
Sep 2024331%
Dec 2024342%
Mar 2025955%
Jun 2025240%
Sep 2025120%
Dec 20251,428%
Mar 202637%
Jun 2026309%
Sep 2026–
Top: operating cash each quarter, $ M. Below: operating cash as a % of net profit; 100% means all of the quarter's profit came in as cash. Last 12 quarters.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does Liberty Energy's cash go?

Liberty Energy Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $1.8 B on assets over the last 3 years. Averaged over those years that is 15.4% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $1.8 B over the last 3 years.

FY25: capex $595 M, steady spending

  • Capex $595 M
FY25: capex $595 M, steady spending
QuarterCapex
FY21$199 M
FY22$452 M
FY23$603 M
FY24$651 M
FY25$595 M
Capital spending each year, $ M.

Sep 2026: capex $626 M in the quarter

  • Capex (quarterly) $626 M
Sep 2026: capex $626 M in the quarter
QuarterCapex (quarterly)
Dec 2023$138 M
Mar 2024$145 M
Jun 2024$136 M
Sep 2024$167 M
Dec 2024$203 M
Mar 2025$134 M
Jun 2025$138 M
Sep 2025$119 M
Dec 2025$205 M
Mar 2026$157 M
Jun 2026$224 M
Sep 2026$626 M

Free cash

  • Free cash −$403 M
Free cash
QuarterFree cash
Dec 2023$157 M
Mar 2024$14.4 M
Jun 2024$112 M
Sep 2024$77.9 M
Dec 2024−$26.2 M
Mar 2025$58.2 M
Jun 2025$33.1 M
Sep 2025−$67.2 M
Dec 2025−$10.0 M
Mar 2026−$149 M
Jun 2026−$90.8 M
Sep 2026−$403 M
Top: capital spending each quarter, $ M. Below: free cash flow, $ M. Last 12 quarters.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is Liberty Energy's P/E ratio, and how does it compare with its own history?

Liberty Energy Inc.'s P/E is 54.6×, near the high end of its own history: higher than 97% of past readings. Its usual P/E (the middle reading) is 8.4×, over 4.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

P/E 54.6× against a usual 8.4×: near the high end of its own history: higher than 97% of past readings

  • P/E 25.3×
  • Median 8.44×
P/E 54.6× against a usual 8.4×: near the high end of its own history: higher than 97% of past readings
WeekP/EMedian
30 Sep 202212.8×8.44×
7 Oct 202215.3×8.44×
14 Oct 202214.3×8.44×
21 Oct 202216.0×8.44×
28 Oct 202216.1×8.44×
4 Nov 202217.6×8.44×
11 Nov 202218.0×8.44×
18 Nov 202217.0×8.44×
25 Nov 202216.5×8.44×
2 Dec 202216.3×8.44×
9 Dec 202214.3×8.44×
16 Dec 202215.7×8.44×
23 Dec 202216.4×8.44×
30 Dec 202216.2×8.44×
6 Jan 20237.15×8.44×
13 Jan 20237.82×8.44×
20 Jan 20236.94×8.44×
27 Jan 20237.25×8.44×
3 Feb 20237.21×8.44×
10 Feb 20237.28×8.44×
17 Feb 20237.10×8.44×
24 Feb 20237.20×8.44×
3 Mar 20237.73×8.44×
10 Mar 20236.77×8.44×
17 Mar 20235.97×8.44×
24 Mar 20235.58×8.44×
31 Mar 20234.20×8.44×
6 Apr 20234.36×8.44×
14 Apr 20234.41×8.44×
21 Apr 20234.40×8.44×
28 Apr 20234.20×8.44×
5 May 20233.99×8.44×
12 May 20233.96×8.44×
19 May 20234.23×8.44×
26 May 20234.11×8.44×
2 Jun 20234.32×8.44×
9 Jun 20234.48×8.44×
16 Jun 20234.50×8.44×
23 Jun 20234.09×8.44×
30 Jun 20233.97×8.44×
7 Jul 20234.39×8.44×
14 Jul 20234.46×8.44×
21 Jul 20234.55×8.44×
28 Jul 20234.71×8.44×
4 Aug 20234.92×8.44×
11 Aug 20234.95×8.44×
18 Aug 20234.82×8.44×
25 Aug 20234.71×8.44×
1 Sep 20234.90×8.44×
8 Sep 20235.27×8.44×
15 Sep 20235.40×8.44×
22 Sep 20235.35×8.44×
29 Sep 20235.50×8.44×
6 Oct 20234.91×8.44×
13 Oct 20235.48×8.44×
20 Oct 20236.02×8.44×
27 Oct 20235.69×8.44×
3 Nov 20235.88×8.44×
10 Nov 20235.49×8.44×
17 Nov 20235.72×8.44×
24 Nov 20235.74×8.44×
1 Dec 20235.76×8.44×
8 Dec 20235.19×8.44×
15 Dec 20235.34×8.44×
22 Dec 20235.38×8.44×
29 Dec 20235.27×8.44×
5 Jan 20245.91×8.44×
12 Jan 20245.53×8.44×
19 Jan 20245.46×8.44×
26 Jan 20246.25×8.44×
2 Feb 20246.29×8.44×
9 Feb 20246.20×8.44×
16 Feb 20246.69×8.44×
23 Feb 20246.62×8.44×
1 Mar 20246.92×8.44×
8 Mar 20246.83×8.44×
15 Mar 20246.48×8.44×
22 Mar 20246.50×8.44×
28 Mar 20246.57×8.44×
5 Apr 20248.30×8.44×
12 Apr 20248.21×8.44×
19 Apr 20248.18×8.44×
26 Apr 20248.41×8.44×
3 May 20247.91×8.44×
10 May 20248.21×8.44×
17 May 20248.66×8.44×
24 May 20248.63×8.44×
31 May 20249.03×8.44×
7 Jun 20248.31×8.44×
14 Jun 20247.51×8.44×
21 Jun 20247.32×8.44×
28 Jun 20247.64×8.44×
5 Jul 20248.11×8.44×
12 Jul 20248.44×8.44×
19 Jul 20248.60×8.44×
26 Jul 20249.17×8.44×
2 Aug 20248.51×8.44×
9 Aug 20248.17×8.44×
16 Aug 20248.30×8.44×
23 Aug 20248.26×8.44×
30 Aug 20248.22×8.44×
6 Sep 20247.64×8.44×
13 Sep 20247.73×8.44×
20 Sep 20248.35×8.44×
27 Sep 20247.58×8.44×
4 Oct 20249.79×8.44×
11 Oct 20249.76×8.44×
18 Oct 20248.45×8.44×
25 Oct 20248.55×8.44×
1 Nov 20247.96×8.44×
8 Nov 20248.44×8.44×
15 Nov 20248.07×8.44×
22 Nov 20249.06×8.44×
29 Nov 20248.78×8.44×
6 Dec 20248.22×8.44×
13 Dec 20249.05×8.44×
20 Dec 20248.67×8.44×
27 Dec 20248.92×8.44×
3 Jan 202511.1×8.44×
10 Jan 202511.4×8.44×
17 Jan 202512.0×8.44×
24 Jan 202511.8×8.44×
31 Jan 20259.74×8.44×
7 Feb 20259.10×8.44×
14 Feb 20259.53×8.44×
21 Feb 20259.49×8.44×
28 Feb 20259.19×8.44×
7 Mar 20258.07×8.44×
14 Mar 20257.74×8.44×
21 Mar 20257.79×8.44×
28 Mar 20258.41×8.44×
4 Apr 20257.27×8.44×
11 Apr 20257.20×8.44×
17 Apr 20257.95×8.44×
25 Apr 20258.01×8.44×
2 May 20258.07×8.44×
9 May 20257.96×8.44×
16 May 20258.06×8.44×
23 May 20257.71×8.44×
30 May 20257.63×8.44×
6 Jun 20258.12×8.44×
13 Jun 20259.01×8.44×
20 Jun 20258.55×8.44×
27 Jun 20257.64×8.44×
3 Jul 20259.23×8.44×
11 Jul 20259.53×8.44×
18 Jul 20258.67×8.44×
25 Jul 202510.0×8.44×
1 Aug 20258.87×8.44×
8 Aug 20258.44×8.44×
15 Aug 20258.38×8.44×
22 Aug 20258.71×8.44×
29 Aug 20258.59×8.44×
5 Sep 20258.01×8.44×
12 Sep 20258.17×8.44×
19 Sep 20258.37×8.44×
26 Sep 20259.73×8.44×
3 Oct 202511.4×8.44×
10 Oct 202510.7×8.44×
17 Oct 202513.6×8.44×
24 Oct 202514.5×8.44×
31 Oct 202516.0×8.44×
7 Nov 202515.2×8.44×
14 Nov 202514.1×8.44×
21 Nov 202514.5×8.44×
28 Nov 202515.8×8.44×
5 Dec 202517.3×8.44×
12 Dec 202517.1×8.44×
19 Dec 202515.5×8.44×
26 Dec 202516.2×8.44×
2 Jan 202621.2×8.44×
9 Jan 202622.1×8.44×
16 Jan 202622.7×8.44×
23 Jan 202623.4×8.44×
30 Jan 202625.3×8.44×
6 Feb 202625.3×8.44×
13 Feb 202625.3×8.44×
20 Feb 202625.3×8.44×
27 Feb 202625.3×8.44×
6 Mar 202625.3×8.44×
13 Mar 202625.3×8.44×
20 Mar 202625.3×8.44×
27 Mar 202625.3×8.44×
2 Apr 202625.3×8.44×
10 Apr 202625.3×8.44×
17 Apr 202625.3×8.44×
24 Apr 202625.3×8.44×
1 May 202625.3×8.44×
8 May 202625.3×8.44×
15 May 202625.3×8.44×
22 May 202625.3×8.44×
29 May 202625.3×8.44×
5 Jun 202625.3×8.44×
12 Jun 202625.3×8.44×
18 Jun 202625.3×8.44×
26 Jun 202625.3×8.44×
2 Jul 202625.3×8.44×
10 Jul 202625.3×8.44×
17 Jul 202625.3×8.44×
24 Jul 202623.5×8.44×
31 Jul 202625.3×8.44×
7 Aug 202625.3×8.44×
14 Aug 202625.3×8.44×
21 Aug 202625.3×8.44×
28 Aug 202625.3×8.44×
4 Sep 202625.3×8.44×
11 Sep 202625.3×8.44×
18 Sep 202625.3×8.44×
25 Sep 202625.3×8.44×
2 Oct 202625.3×8.44×
9 Oct 202625.3×8.44×
16 Oct 202625.3×8.44×
23 Oct 202625.3×8.44×
30 Oct 202625.3×8.44×
4 Nov 202625.3×8.44×

Earnings per share, 12 months

  • Earnings per share, 12 months $0.24
Earnings per share, 12 months
WeekEarnings per share, 12 months
30 Sep 2022$0.99
7 Oct 2022$0.99
14 Oct 2022$0.99
21 Oct 2022$0.99
28 Oct 2022$0.99
4 Nov 2022$0.99
11 Nov 2022$0.99
18 Nov 2022$0.99
25 Nov 2022$0.99
2 Dec 2022$0.99
9 Dec 2022$0.99
16 Dec 2022$0.99
23 Dec 2022$0.99
30 Dec 2022$0.99
6 Jan 2023$0.99
13 Jan 2023$0.99
20 Jan 2023$0.99
27 Jan 2023$0.99
3 Feb 2023$0.99
10 Feb 2023$0.99
17 Feb 2023$0.99
24 Feb 2023$0.99
3 Mar 2023$0.99
10 Mar 2023$0.99
17 Mar 2023$0.99
24 Mar 2023$0.99
31 Mar 2023$3.05
6 Apr 2023$3.05
14 Apr 2023$3.05
21 Apr 2023$3.05
28 Apr 2023$3.05
5 May 2023$3.05
12 May 2023$3.05
19 May 2023$3.05
26 May 2023$3.05
2 Jun 2023$3.05
9 Jun 2023$3.05
16 Jun 2023$3.05
23 Jun 2023$3.05
30 Jun 2023$3.37
7 Jul 2023$3.37
14 Jul 2023$3.37
21 Jul 2023$3.37
28 Jul 2023$3.37
4 Aug 2023$3.37
11 Aug 2023$3.37
18 Aug 2023$3.37
25 Aug 2023$3.37
1 Sep 2023$3.37
8 Sep 2023$3.37
15 Sep 2023$3.37
22 Sep 2023$3.37
29 Sep 2023$3.37
6 Oct 2023$3.37
13 Oct 2023$3.37
20 Oct 2023$3.37
27 Oct 2023$3.37
3 Nov 2023$3.37
10 Nov 2023$3.37
17 Nov 2023$3.37
24 Nov 2023$3.37
1 Dec 2023$3.37
8 Dec 2023$3.37
15 Dec 2023$3.37
22 Dec 2023$3.37
29 Dec 2023$3.44
5 Jan 2024$3.44
12 Jan 2024$3.44
19 Jan 2024$3.44
26 Jan 2024$3.44
2 Feb 2024$3.44
9 Feb 2024$3.44
16 Feb 2024$3.44
23 Feb 2024$3.44
1 Mar 2024$3.44
8 Mar 2024$3.44
15 Mar 2024$3.44
22 Mar 2024$3.44
28 Mar 2024$3.15
5 Apr 2024$3.15
12 Apr 2024$3.15
19 Apr 2024$3.15
26 Apr 2024$3.15
3 May 2024$3.15
10 May 2024$3.15
17 May 2024$3.15
24 May 2024$3.15
31 May 2024$3.15
7 Jun 2024$3.15
14 Jun 2024$3.15
21 Jun 2024$3.15
28 Jun 2024$2.73
5 Jul 2024$2.73
12 Jul 2024$2.73
19 Jul 2024$2.73
26 Jul 2024$2.73
2 Aug 2024$2.73
9 Aug 2024$2.73
16 Aug 2024$2.73
23 Aug 2024$2.73
30 Aug 2024$2.73
6 Sep 2024$2.73
13 Sep 2024$2.73
20 Sep 2024$2.73
27 Sep 2024$2.50
4 Oct 2024$2.50
11 Oct 2024$2.50
18 Oct 2024$2.50
25 Oct 2024$2.50
1 Nov 2024$2.50
8 Nov 2024$2.50
15 Nov 2024$2.50
22 Nov 2024$2.50
29 Nov 2024$2.50
6 Dec 2024$2.50
13 Dec 2024$2.50
20 Dec 2024$2.50
27 Dec 2024$2.10
3 Jan 2025$2.10
10 Jan 2025$2.10
17 Jan 2025$2.10
24 Jan 2025$2.10
31 Jan 2025$2.10
7 Feb 2025$2.10
14 Feb 2025$2.10
21 Feb 2025$2.10
28 Feb 2025$2.10
7 Mar 2025$2.10
14 Mar 2025$2.10
21 Mar 2025$2.10
28 Mar 2025$1.88
4 Apr 2025$1.88
11 Apr 2025$1.88
17 Apr 2025$1.88
25 Apr 2025$1.88
2 May 2025$1.88
9 May 2025$1.88
16 May 2025$1.88
23 May 2025$1.88
30 May 2025$1.88
6 Jun 2025$1.88
13 Jun 2025$1.88
20 Jun 2025$1.88
27 Jun 2025$1.52
3 Jul 2025$1.52
11 Jul 2025$1.52
18 Jul 2025$1.52
25 Jul 2025$1.52
1 Aug 2025$1.52
8 Aug 2025$1.52
15 Aug 2025$1.52
22 Aug 2025$1.52
29 Aug 2025$1.52
5 Sep 2025$1.52
12 Sep 2025$1.52
19 Sep 2025$1.52
26 Sep 2025$1.31
3 Oct 2025$1.31
10 Oct 2025$1.31
17 Oct 2025$1.31
24 Oct 2025$1.31
31 Oct 2025$1.31
7 Nov 2025$1.31
14 Nov 2025$1.31
21 Nov 2025$1.31
28 Nov 2025$1.31
5 Dec 2025$1.31
12 Dec 2025$1.31
19 Dec 2025$1.31
26 Dec 2025$1.13
2 Jan 2026$1.13
9 Jan 2026$1.13
16 Jan 2026$1.13
23 Jan 2026$1.13
30 Jan 2026$1.13
6 Feb 2026$1.13
13 Feb 2026$1.13
20 Feb 2026$1.13
27 Feb 2026$1.13
6 Mar 2026$1.13
13 Mar 2026$1.13
20 Mar 2026$1.13
27 Mar 2026$0.89
2 Apr 2026$0.89
10 Apr 2026$0.89
17 Apr 2026$0.89
24 Apr 2026$0.89
1 May 2026$0.89
8 May 2026$0.89
15 May 2026$0.89
22 May 2026$0.89
29 May 2026$0.89
5 Jun 2026$0.89
12 Jun 2026$0.89
18 Jun 2026$0.89
26 Jun 2026$0.91
2 Jul 2026$0.91
10 Jul 2026$0.91
17 Jul 2026$0.91
24 Jul 2026$0.91
31 Jul 2026$0.91
7 Aug 2026$0.91
14 Aug 2026$0.91
21 Aug 2026$0.91
28 Aug 2026$0.91
4 Sep 2026$0.91
11 Sep 2026$0.91
18 Sep 2026$0.91
25 Sep 2026$0.74
2 Oct 2026$0.74
9 Oct 2026$0.74
16 Oct 2026$0.74
23 Oct 2026$0.74
30 Oct 2026$0.74
4 Nov 2026$0.24
Top: P/E each week. Below: earnings per share, trailing twelve months, a step line that moves once a quarter; 4.1 years of history; short peaks above 25× are drawn at the top edge.

PEG 3.88 at the Sep 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 3.88×
  • PEG = 1.0 1.00×
PEG 3.88 at the Sep 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Mar 20220.21×1.00×
Jun 20220.83×1.00×
Sep 20220.13×1.00×
Dec 20220.13×1.00×
Mar 20230.02×1.00×
Jun 20230.03×1.00×
Sep 20230.05×1.00×
Dec 20230.04×1.00×
Mar 20240.05×1.00×
Jun 20240.57×1.00×
Sep 20240.60×1.00×
Dec 20241.24×1.00×
Mar 20252.16×1.00×
Jun 20252.16×1.00×
Sep 20252.16×1.00×
Dec 20252.16×1.00×
Mar 20262.16×1.00×
Jun 20261.75×1.00×
Sep 20263.88×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 19 quarters.
54.6×P/E · higher than 97% of its last 4.1 years
9.62PEG · today, as reported

Why the multiple is where it is: over the past year earnings per share moved −52.4% while the price moved −23.5%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved −13.4% a year; about −58.8% a year came from earnings growth and about +45.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Is the Liberty Energy business getting better or worse?

Liberty Energy Inc.'s business is getting worse. Profit and EPS growth are shrinking: profit growth is −78.3% in the latest quarter, against +39.2% at its best in 12 quarters, with ROCE steady at 2.2%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue −7.2% in FY25, profit −53.2%

  • Revenue growth −7.2%
Growth year by year: revenue −7.2% in FY25, profit −53.2%
QuarterRevenue growth
FY21–
FY2267.9%
FY2314.4%
FY24−9.1%
FY25−7.2%

Profit growth, EPS growth

  • Profit growth −53.2%
  • EPS growth −52.4%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY21––
FY22––
FY2339.2%49.3%
FY24−43.2%−40.6%
FY25−53.2%−52.4%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn.

Three growth lines over twelve quarters: revenue accelerating, profit rolling over

  • Revenue 13.6%
Three growth lines over twelve quarters: revenue accelerating, profit rolling over
QuarterRevenue
Dec 202314.4%
Mar 2024−1.3%
Jun 2024−7.1%
Sep 2024−9.2%
Dec 2024−9.1%
Mar 2025−7.4%
Jun 2025−9.3%
Sep 2025−12%
Dec 2025−7.2%
Mar 2026−4%
Jun 20262.3%
Sep 202613.6%

Profit, EPS

  • Profit −78.3%
  • EPS −78.7%
Profit, EPS
QuarterProfitEPS
Dec 202339.2%48.6%
Mar 2024−16.2%−10.4%
Jun 2024−29.9%−25.6%
Sep 2024−42.2%−39.1%
Dec 2024−43.2%−40.4%
Mar 2025−46.5%−44.5%
Jun 2025−49.7%−47.8%
Sep 2025−47.8%−46.1%
Dec 2025−53.2%−52.6%
Mar 2026−40.9%−40.1%
Jun 2026−43.5%−43.4%
Sep 2026−78.3%−78.7%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 2.2%
ROCE: the return line, worked out each quarter
QuarterROCE
Dec 202335%
Mar 202429%
Jun 202424.9%
Sep 202420.5%
Dec 202415.3%
Mar 202511.5%
Jun 20257.5%
Sep 20252.8%
Dec 20253.3%
Mar 20262.3%
Jun 20261.5%
Sep 20262.2%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
RecoveringRevenue growth · latest +13.6%, range −12.0% to +14.4%
FallingProfit growth · latest −78.3%, range −78.3% to +39.2%
FallingEPS growth · latest −78.7%, range −78.7% to +48.6%
Stuck lowROCE · latest 2.2%, range 1.5% to 35.0%

Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue−7.2%−1.2%——
Profit−53.2%−28.2%——
EPS−52.4%−25.0%——
Stock price−23.5%−13.4%+2.1%—
+26.3%Revenue growth (Sep 2026) · latest quarter against a year ago
−190.7%Profit growth (Sep 2026) · latest quarter against a year ago
12.8%Revenue, 4 years · yearly growth over the long run

How much does Liberty Energy earn on its capital?

Liberty Energy Inc. earned a ROE of 7% in FY25. That is up from a low of −15% in FY21. Its return on capital used (ROIC) is 3.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

It comes from a 3.7% net margin and 1.13× asset turnover (sales divided by assets).

Why the return is what it is (FY25): a 3.7% net margin × 1.13× asset turnover × 1.71× leverage (assets divided by equity) ≈ 7.1% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 2.0% − 5.3% = −3.3 percentage points. The 5.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

FY25: ROE 7%, the climb back from FY21's −15%

  • ROE 7.1%
  • ROIC (annual) 2.9%
  • Cost of capital 5.3%
FY25: ROE 7%, the climb back from FY21's −15%
QuarterROEROIC (annual)Cost of capital
FY21−14.6%−11.4%5.3%
FY2226.7%30.5%5.3%
FY2330.2%28.5%5.3%
FY2416%12.8%5.3%
FY257.1%2.9%5.3%
Return on equity each year, % (line); ROIC each year, % (line). 5-year window, low years included. The flat line is the 5.3% cost of capital used on this page.

Sep 2026: ROIC 1.4% (last 12 months) against a 5.3% cost of capital

  • ROIC (12 months) 1.4%
  • ROE (12 months) 8.8%
  • Cost of capital 5.3%
Sep 2026: ROIC 1.4% (last 12 months) against a 5.3% cost of capital
QuarterROIC (12 months)ROE (12 months)Cost of capital
Dec 202335.1%34.3%5.3%
Mar 202428.3%20.4%5.3%
Jun 202423%17.6%5.3%
Sep 202419.9%22.7%5.3%
Dec 202416.4%15.1%5.3%
Mar 202512.6%10.5%5.3%
Jun 20259.4%4.1%5.3%
Sep 20256%14.2%5.3%
Dec 20252.3%8.4%5.3%
Mar 20262.7%2.6%5.3%
Jun 20262.2%4.5%5.3%
Sep 20261.4%8.8%5.3%
ROIC and ROE over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Liberty Energy have too much debt?

Liberty Energy Inc. has total debt of $1.6 B against shareholder equity of $1.9 B as of Sep 2026, so its debt is 0.83× its equity. Year by year, that ratio went from 0.20 in FY21 to 0.30 in FY25. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY25: debt $618 M, 0.30× equity

  • Total debt $618 M
FY25: debt $618 M, 0.30× equity
QuarterTotal debt
FY21$244 M
FY22$349 M
FY23$405 M
FY24$534 M
FY25$618 M

Debt-to-equity

  • Debt-to-equity 0.30×
Debt-to-equity
QuarterDebt-to-equity
FY210.20×
FY220.23×
FY230.22×
FY240.27×
FY250.30×
Top: total debt each year, $ M. Below: debt-to-equity, ×. 5-year window.

Sep 2026: debt $1.6 B, debt-to-equity 0.83

  • Total debt (quarterly) $1.6 B
Sep 2026: debt $1.6 B, debt-to-equity 0.83
QuarterTotal debt (quarterly)
Dec 2023$405 M
Mar 2024$447 M
Jun 2024$468 M
Sep 2024$471 M
Dec 2024$534 M
Mar 2025$564 M
Jun 2025$517 M
Sep 2025$626 M
Dec 2025$618 M
Mar 2026$1.6 B
Jun 2026$1.6 B
Sep 2026$1.6 B

Debt-to-equity

  • Debt-to-equity 0.83×
Debt-to-equity
QuarterDebt-to-equity
Dec 20230.22×
Mar 20240.24×
Jun 20240.24×
Sep 20240.24×
Dec 20240.27×
Mar 20250.29×
Jun 20250.25×
Sep 20250.30×
Dec 20250.30×
Mar 20260.83×
Jun 20260.82×
Sep 20260.83×
Top: total debt each quarter, $ B. Below: debt-to-equity, ×. Last 12 quarters.

What is the Liberty Energy shareholding pattern?

11.4% of Liberty Energy Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 4.5 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

11.4%Short interest · of the tradable float
4.5Days to cover · at typical volumes

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

How far is Liberty Energy from balance-sheet trouble?

For Liberty Energy Inc., the Z-score is 2.34. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 2.34 is in the grey area, neither clearly safe nor clearly in trouble.

How does Liberty Energy rank in its industry?

38.1 out of 100, rank 23 of 30 in Oil & Gas Equipment & Services, with 85% of the evidence available.

Liberty Energy Inc. scores 38.1 out of 100 against the 30 companies it is compared with in Oil & Gas Equipment & Services, ranking 23. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 16.1 + 6.4 + 14.7 + 0.9 = 38.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Liberty Energy compared with?

Liberty Energy ranks 23 of 30 Oil & Gas Equipment & Services companies on the 4-Factor Sector Score, with 38.1 out of 100.

  1. 1Flotek Industries, Inc.FTK · quiet · Most evidence points up · 71% evidence71.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 29.1/35 · Revenue 36.9% · Profit 100% · Operating margin change 3.4 points · 83% evidenceCapital efficiency 17.9/25 · ROCE 22% · Operating margin 15% · 76% evidenceValuation 10.3/20 · P/E 22.4× · PEG — · 15% evidenceRelative strength 13.7/20 · Lead over its industry 21.6% · Lead over S&P 500 11.6% · 1 year 59.2% · 100% evidence · 7 of 12 weeks aheadExact sum: 29.1 + 17.9 + 10.3 + 13.7 = 71 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  2. 2TechnipFMC plcFTI · quiet · Most evidence points up · 81% evidence69.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.5/35 · Revenue 9.9% · Profit 28.2% · Operating margin change 1.8 points · 83% evidenceCapital efficiency 18.7/25 · ROCE 31.8% · Operating margin 17.7% · 76% evidenceValuation 13.2/20 · P/E 22.5× · PEG 0.62 · 65% evidenceRelative strength 12.6/20 · Lead over its industry 2.7% · Lead over S&P 500 -6.3% · 1 year 50.5% · 100% evidence · 4 of 12 weeks aheadExact sum: 24.5 + 18.7 + 13.2 + 12.6 = 69 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  3. 3Halliburton CompanyHAL · turning · Evidence leans up · 85% evidence61.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 18.2/35 · Revenue 1.5% · Profit 52.6% · Operating margin change -0.5 points · 95% evidenceCapital efficiency 16.5/25 · ROCE 14.8% · Operating margin 12.4% · 76% evidenceValuation 15.6/20 · P/E 13.2× · PEG 0.23 · 65% evidenceRelative strength 11.6/20 · Lead over its industry -2.1% · Lead over S&P 500 -10.2% · 1 year 19.7% · 100% evidence · 1 of 12 weeks aheadExact sum: 18.2 + 16.5 + 15.6 + 11.6 = 61.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4Archrock, Inc.AROC · quiet · Evidence leans up · 81% evidence61.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.5/35 · Revenue 11.6% · Profit 41.8% · Operating margin change 0 points · 83% evidenceCapital efficiency 17.9/25 · ROCE 13.7% · Operating margin 35.9% · 76% evidenceValuation 13.8/20 · P/E 22× · PEG 0.54 · 65% evidenceRelative strength 5.5/20 · Lead over its industry -9.5% · Lead over S&P 500 -17.1% · 1 year 16.4% · 100% evidence · 0 of 12 weeks aheadExact sum: 24.5 + 17.9 + 13.8 + 5.5 = 61.7 · What this means: Earnings are strong; relative strength in its sector is -9.5% and the one-year return is 16.4%.
  5. 5Tenaris S.A.TS · turning · Evidence leans up · 81% evidence60.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 14.0/35 · Revenue 2.3% · Profit -3.3% · Operating margin change -2.2 points · 83% evidenceCapital efficiency 15.8/25 · ROCE 12.2% · Operating margin 16.7% · 76% evidenceValuation 12.6/20 · P/E 14.6× · PEG 0.95 · 65% evidenceRelative strength 17.8/20 · Lead over its industry 8.3% · Lead over S&P 500 -1% · 1 year 37.9% · 100% evidence · 1 of 12 weeks aheadExact sum: 14 + 15.8 + 12.6 + 17.8 = 60.2 · What this means: Relative strength against the index is -1%, and revenue and profit growth are weak.
  6. 6Solaris Energy Infrastructure, Inc.SEI · breaking out · Evidence leans up · 81% evidence58.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.2/35 · Revenue 70.8% · Profit 100% · Operating margin change 1.8 points · 83% evidenceCapital efficiency 11.4/25 · ROCE 4.7% · Operating margin 26.5% · 76% evidenceValuation 12.3/20 · P/E 88.6× · PEG 0.52 · 65% evidenceRelative strength 11.0/20 · Lead over its industry -2.1% · Lead over S&P 500 -10.2% · 1 year 13.7% · 100% evidence · 3 of 12 weeks aheadExact sum: 24.2 + 11.4 + 12.3 + 11 = 58.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7LandBridge Company LLCLB · quiet · Evidence leans up · 64% evidence58.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.9/35 · Revenue 44.9% · Profit 100% · Operating margin change 6.1 points · 62% evidenceCapital efficiency 9.9/25 · ROCE 0% · Operating margin 66.1% · 76% evidenceValuation 9.3/20 · P/E 60.5× · PEG — · 15% evidenceRelative strength 12.6/20 · Lead over its industry 0.7% · Lead over S&P 500 -7.6% · 1 year 0.1% · 100% evidence · 9 of 12 weeks aheadExact sum: 26.9 + 9.9 + 9.3 + 12.6 = 58.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  8. 8Oceaneering International, Inc.OII · quiet · Evidence leans up · 85% evidence56.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 17.0/35 · Revenue 3% · Profit 43.7% · Operating margin change 0.1 points · 95% evidenceCapital efficiency 15.9/25 · ROCE 15.1% · Operating margin 11.7% · 76% evidenceValuation 15.3/20 · P/E 13.1× · PEG 0.3 · 65% evidenceRelative strength 8.6/20 · Lead over its industry 1% · Lead over S&P 500 -8.1% · 1 year 60.4% · 100% evidence · 7 of 12 weeks aheadExact sum: 17 + 15.9 + 15.3 + 8.6 = 56.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  9. 9Innovex International, Inc.INVX · losing its lead · Evidence leans up · 81% evidence52.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.1/35 · Revenue 15.1% · Profit -57.9% · Operating margin change -0.8 points · 83% evidenceCapital efficiency 10.9/25 · ROCE 9.7% · Operating margin 11.6% · 76% evidenceValuation 14.7/20 · P/E 27.7× · PEG 0.13 · 65% evidenceRelative strength 10.7/20 · Lead over its industry -0.5% · Lead over S&P 500 -8.3% · 1 year 27.8% · 100% evidence · 8 of 12 weeks aheadExact sum: 16.1 + 10.9 + 14.7 + 10.7 = 52.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  10. 10Forum Energy Technologies, Inc.FET · losing its lead · Evidence leans up · 64% evidence52.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 18.9/35 · Revenue 3.9% · Profit — · Operating margin change 5.2 points · 62% evidenceCapital efficiency 6.8/25 · ROCE 6.2% · Operating margin 9.3% · 76% evidenceValuation 11.5/20 · P/E -358.7× · PEG — · 15% evidenceRelative strength 15.0/20 · Lead over its industry 32.7% · Lead over S&P 500 20.4% · 1 year 157.3% · 100% evidence · 11 of 12 weeks aheadExact sum: 18.9 + 6.8 + 11.5 + 15 = 52.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  11. 11National Energy Services Reunited Corp.NESR · quiet · Evidence leans up · 81% evidence51.5out of 100GrowthCapitalValuationRelative
  12. 12USA Compression Partners, LPUSAC · basing · Evidence leans up · 81% evidence51.3out of 100GrowthCapitalValuationRelative
  13. 13Cactus, Inc.WHD · losing its lead · Evidence leans up · 81% evidence51.3out of 100GrowthCapitalValuationRelative
  14. 14Tidewater Inc.TDW · losing its lead · Evidence leans up · 81% evidence50.8out of 100GrowthCapitalValuationRelative
  15. 15WaterBridge Infrastructure LLCWBI · quiet · Evidence leans down · 65% evidence49.9out of 100GrowthCapitalValuationRelative
  16. 16Weatherford International plcWFRD · quiet · Evidence leans down · 85% evidence49.8out of 100GrowthCapitalValuationRelative
  17. 17SLB N.V.SLB · turning · Evidence leans down · 85% evidence49.7out of 100GrowthCapitalValuationRelative
  18. 18Enerflex Ltd.EFXT · turning · Evidence leans down · 81% evidence47.1out of 100GrowthCapitalValuationRelative
  19. 19Select Water Solutions, Inc.WTTR · quiet · Evidence leans down · 81% evidence46.4out of 100GrowthCapitalValuationRelative
  20. 20RPC, Inc.RES · turning · Evidence leans down · 71% evidence45.2out of 100GrowthCapitalValuationRelative
  21. 21Flowco Holdings Inc.FLOC · quiet · Evidence leans down · 71% evidence45.2out of 100GrowthCapitalValuationRelative
  22. 22Bristow Group Inc.VTOL · quiet · Evidence leans down · 81% evidence43.4out of 100GrowthCapitalValuationRelative
  23. 23Liberty Energy Inc. this pageLBRT · quiet · Evidence leans down · 85% evidence38.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.1/35 · Revenue 13.7% · Profit -78% · Operating margin change 1.9 points · 95% evidenceCapital efficiency 6.4/25 · ROCE 1.9% · Operating margin 1.5% · 76% evidenceValuation 14.7/20 · P/E 34.9× · PEG 0.11 · 65% evidenceRelative strength 0.9/20 · Lead over its industry -42.1% · Lead over S&P 500 -47.1% · 1 year -23.5% · 100% evidence · 0 of 12 weeks aheadExact sum: 16.1 + 6.4 + 14.7 + 0.9 = 38.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  24. 24NOV Inc.NOV · quiet · Evidence leans down · 71% evidence38.0out of 100GrowthCapitalValuationRelative
  25. 25Kodiak Gas Services, Inc.KGS · quiet · Evidence leans down · 81% evidence35.4out of 100GrowthCapitalValuationRelative
  26. 26Baker Hughes CompanyBKR · quiet · Most evidence points down · 81% evidence33.2out of 100GrowthCapitalValuationRelative
  27. 27Expro Group Holdings N.V.XPRO · quiet · Most evidence points down · 71% evidence22.5out of 100GrowthCapitalValuationRelative
  28. 28Atlas Energy Solutions Inc.AESI · quiet · Most evidence points down · 64% evidence21.4out of 100GrowthCapitalValuationRelative
  29. 29NextDecade CorporationNEXT · basing · Too little evidence to rank firmly · 50% evidence43.9out of 100GrowthCapitalValuationRelative
  30. 30EagleRock Land, LLCEROK · quiet · Too little evidence to rank firmly · 28% evidence37.3out of 100GrowthCapitalValuationRelative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Oil & Gas Equipment & Services, all 30 compared on one page.

Which companies are close to Liberty Energy in size?

Liberty Energy is the 21st largest of 38 Oil & Gas Equipment & Services companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Enerflex, Select Water Solutions, Inc. and National Energy Services Reunited Corp. Just below it: Innovex International, Inc., Flowco Holdings Inc. and Expro Group Holdings N.V.

Oil & Gas Equipment & Services companies close in size

  1. Enerflex Ltd. $2.5 billion
  2. Select Water Solutions, Inc. $2.3 billion
  3. National Energy Services Reunited Corp. $2.2 billion
  4. Liberty Energy Inc. $2.1 billion
  5. Innovex International, Inc. $1.8 billion
  6. Flowco Holdings Inc. $1.8 billion
  7. Expro Group Holdings N.V. $1.5 billion

All 38 Oil & Gas Equipment & Services companies, largest first

Companies close in size in other industries

  1. Amplitude, Inc. $2.1 billion · Software - Application
  2. Whirlpool Corporation $2.1 billion · Furnishings, Fixtures & Appliances
  3. Liberty Energy Inc. $2.1 billion
  4. Hilltop Holdings Inc. $2.1 billion · Financial Conglomerates
  5. Lakefront Biotherapeutics NV $2.1 billion · Biotechnology

What else do people ask about Liberty Energy?

What were Liberty Energy's latest quarterly results?

Liberty Energy Inc. reported revenue of $1.2 B and a net loss of $39.1 M for the Sep 2026 quarter. Revenue rose 26.3% and profit fell 190.7% compared with a year earlier. Earnings per share were −$0.24.

The operating margin was 1.5%, 1.9 percentage points higher than a year earlier (as of 4 November 2026).

What is Liberty Energy's market cap?

Liberty Energy Inc.'s market capitalisation is $2.1 B at a stock price of $13.15. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is Liberty Energy performing?

Liberty Energy Inc.'s share price has been moving sideways for 17 weeks. In its latest quarter, revenue rose 26.3% and profit fell 190.7% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 24 weeks running (as of 4 November 2026).

Will Liberty Energy's stock price go up?

This page does not forecast Liberty Energy Inc.'s stock price. What it shows instead: the stock price is $13.15, and it has been moving sideways for 17 weeks. Its P/E of 54.6× is higher than 97% of its own last 4 years (as of 4 November 2026).

Where is Liberty Energy in its business cycle?

Liberty Energy Inc.'s FY25 operating margin was 2.5%, against a 5-year range of −6.7% to 15.9%: the middle of its own range, neither a peak nor a low. The latest quarter was 1.5%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the Liberty Energy story?

The main question: the share price moved −23.5% in a year while yearly earnings per share moved −52.4%. The difference came from the market paying a higher multiple.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is Liberty Energy a stock worth studying right now?

What the numbers show: Liberty Energy Inc.'s share price has risen faster than its earnings: −23.5% in a year, against −52.4% for earnings per share. The main open question: whether earnings grow into a price that has already moved.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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