LBRT - Liberty Energy Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$34.00
DETAILS
HIGH:
$40.00
LOW:
$26.00
MEDIAN:
$36.00
CONSENSUS:
$34.00
UPSIDE:
6.78%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Revenue | 4,006.1 | 4,315.2 | 4,747.9 | 4,149.2 | 2,470.8 | 965.8 | 1,990.3 | 2,155.1 | 1,489.9 | 374.8 | 455.4 |
| Cost of Revenue | 3,548.2 | 3,705.6 | 3,770.9 | 3,472.1 | 2,512.7 | 1,038.1 | 1,786.6 | 1,753.9 | 1,228.5 | 396.1 | 429.8 |
| Gross Profit | 457.9 | 609.6 | 977.0 | 677.2 | (41.9) | (72.3) | 203.8 | 401.3 | 261.4 | (21.3) | 25.6 |
| Operating Expenses | |||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 247.4 | 225.5 | 219.3 | 163.0 | 120.7 | 71.9 | 93.1 | 89.0 | 80.1 | 35.8 | 28.8 |
| Other Expenses | 129.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 376.6 | 225.5 | 219.3 | 163.0 | 120.7 | 71.9 | 93.1 | 89.0 | 80.1 | 35.8 | 28.8 |
| Operating Income | |||||||||||
| Operating Income | 81.3 | 384.1 | 757.7 | 514.1 | (162.6) | (144.2) | 110.7 | 312.3 | 181.3 | (57.1) | (3.1) |
| Interest Expense | 40.3 | 32.7 | 29.5 | 22.7 | 15.6 | 14.8 | 17.5 | 17.1 | 12.6 | 6.1 | 5.5 |
| Interest Income | 0 | 0.5 | 2.0 | 0 | 0 | 0.3 | 2.8 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||
| EBITDA | 735.8 | 941.0 | 1,185.9 | 745.3 | 100.6 | 3.3 | 271.8 | 432.1 | 262.7 | (13.1) | 32.9 |
| EBIT | 235.5 | 436.0 | 764.4 | 422.2 | (162.2) | (176.8) | 106.4 | 306.9 | 181.2 | (54.4) | (3.6) |
| Income Before Tax | 195.2 | 403.3 | 734.9 | 399.5 | (177.8) | (191.5) | 88.9 | 289.4 | 168.5 | (60.6) | (9.1) |
| Income Tax Expense | 47.3 | 87.3 | 178.5 | (0.8) | 9.2 | (30.9) | 14.1 | 40.4 | 0 | 0 | 0 |
| Net Income | 147.9 | 316.0 | 556.3 | 399.6 | (179.2) | (115.6) | 39.0 | 126.3 | 0 | 0 | (9.1) |
| Per Share Data | |||||||||||
| EPS (Basic) | 0.91 | 1.91 | 3.24 | 2.17 | -1.03 | -1.36 | 1.03 | 1.85 | 3.00 | -0.89 | -0.13 |
| EPS (Diluted) | 0.89 | 1.87 | 3.15 | 2.11 | -1.03 | -1.36 | 0.71 | 1.07 | 3.00 | -0.51 | -0.08 |
| Shares Outstanding | 162.0 | 165.0 | 171.8 | 184.3 | 174.0 | 85.2 | 72.3 | 68.2 | 69.0 | 67.8 | 67.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 27.6 | 20.0 | 36.8 | 43.7 | 20.0 | 69.0 | 112.7 | 103.3 | 16.3 | 11.5 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 605.4 | 539.9 | 587.5 | 586.0 | 407.5 | 338.7 | 252.9 | 248.0 | 258.8 | 128.6 |
| Inventory | 188.1 | 203.5 | 205.9 | 214.5 | 134.6 | 118.6 | 88.5 | 60.0 | 55.5 | 28.1 |
| Other Current Assets | 56.9 | 85.2 | 124.1 | 112.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 878.0 | 848.5 | 954.3 | 956.7 | 630.4 | 567.1 | 489.0 | 461.2 | 352.0 | 174.1 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 0 | 2,247.4 | 1,920.3 | 1,501.4 | 1,327.4 | 1,235.6 | 760.1 | 627.1 | 494.8 | 277.4 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 12.6 | 0 | 0 | 0 | 7.1 | 54 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 70.8 | 81.0 | 31.6 | 0 | (7.1) | (54) | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2,596.9 | 119.4 | 127.3 | 105.3 | 82.3 | 81.9 | (25.6) | 28.2 | 5.3 | 0.4 |
| Total Non-Current Assets | 2,680.3 | 2,447.9 | 2,079.3 | 1,619.3 | 1,410.3 | 1,322.8 | 794.5 | 655.3 | 500.1 | 277.8 |
| Total Assets | 3,558.3 | 3,296.4 | 3,033.6 | 2,575.9 | 2,040.7 | 1,889.9 | 1,283.4 | 1,116.5 | 852.1 | 451.8 |
| Current Liabilities | ||||||||||
| Account Payables | 598.7 | 314.1 | 293.7 | 326.8 | 288.8 | 193.3 | 117.6 | 80.5 | 66.8 | 42.9 |
| Short-Term Debt | 121.7 | 95.2 | 67.4 | 39.7 | 40.8 | 44.4 | 39.9 | 0.4 | 0.0 | 12.8 |
| Deferred Revenue | 0 | 0 | 0 | 3.9 | 4.6 | 0 | 0 | 0 | 9.2 | 0 |
| Other Current Liabilities | 0 | 170.7 | 165.9 | 192.1 | 174.6 | 90.1 | 78.8 | 116.1 | 119.4 | 72.2 |
| Total Current Liabilities | 720.4 | 666.5 | 639.4 | 649.5 | 569.2 | 356.1 | 266.5 | 219.7 | 220.5 | 131.8 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 496.6 | 190.5 | 140 | 217.4 | 121.4 | 105.4 | 105.7 | 106.1 | 196.3 | 91.1 |
| Deferred Tax Liabilities | 195.6 | 137.7 | 102.3 | 1.0 | 0.6 | 0 | 79.6 | 33.0 | 0 | 0 |
| Other Non-Current Liabilities | (188.2) | 74.9 | 112.5 | 118.9 | 37.6 | 56.6 | 48.5 | 16.8 | 0 | 0 |
| Total Non-Current Liabilities | 759.1 | 651.0 | 552.7 | 429.1 | 241.0 | 223.8 | 295.4 | 156.0 | 196.3 | 91.1 |
| Total Liabilities | 1,479.4 | 1,317.5 | 1,192.1 | 1,078.6 | 810.2 | 579.9 | 561.9 | 375.7 | 416.9 | 222.9 |
| Stockholders' Equity | ||||||||||
| Common Stock | 1.6 | 1.6 | 1.7 | 1.8 | 1.9 | 1.8 | 1.1 | 1.1 | 392.8 | 229.0 |
| Retained Earnings | 1,112.7 | 1,019.5 | 752.3 | 234.5 | (156.0) | 23.3 | 143.1 | 119.3 | 0 | 0 |
| Accumulated Other Comprehensive Income | (13.9) | (19.8) | (6.1) | (7.4) | (0.3) | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 2,078.9 | 1,978.9 | 1,841.4 | 1,495.0 | 1,213.2 | 1,150.6 | 554.8 | 433.1 | 435.3 | 229.0 |
| Total Liabilities & Equity | 3,558.3 | 3,296.4 | 3,033.6 | 2,575.9 | 2,040.7 | 1,889.9 | 1,343.4 | 1,116.5 | 852.1 | 451.8 |
| Debt Metrics | ||||||||||
| Total Debt | 873.4 | 533.6 | 405.3 | 348.9 | 243.6 | 211.6 | 207.2 | 106.5 | 196.4 | 103.9 |
| Net Debt | 845.8 | 513.6 | 368.5 | 305.2 | 223.6 | 142.6 | 94.5 | 3.2 | 180.0 | 92.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 147.9 | 316.0 | 556.3 | 399.6 | (179.2) | (115.6) | 39.0 | 126.3 | 168.5 | (60.6) |
| Depreciation & Amortization | 500.3 | 505.1 | 421.5 | 326.8 | 266.6 | 183.8 | 168.6 | 125.1 | 81.5 | 41.4 |
| Stock-Based Compensation | 41.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 0.1 | (10.7) | (115.0) | (280.7) | 46.3 | 62.4 | (27.0) | (51.9) | (57.6) | (19.5) |
| Other Non-Cash Items | (135.3) | (14.8) | 31.4 | 97.1 | (3.3) | (19.7) | 57.1 | 131.2 | 2.7 | (2.0) |
| Operating Cash Flow | 609.6 | 829.4 | 1,014.6 | 530.4 | 135.5 | 85.4 | 261.1 | 351.3 | 195.1 | (40.7) |
| Investing Activities | ||||||||||
| Capital Expenditure | (595.5) | (651.0) | (603.3) | (459.3) | (198.8) | (103.6) | (195.2) | (258.8) | (311.8) | (102.4) |
| Acquisitions | (15.2) | 0 | (95.9) | (15) | 25.4 | 3.4 | 0.8 | 3.3 | 1.8 | 6.1 |
| Purchases of Investments | 0 | (16.1) | 0 | 0 | (13.1) | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 151.0 | 0 | 0 | 0 | (25.4) | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 24.7 | 24.0 | 26.9 | 23.7 | 25.4 | 0 | 0 | 3.3 | 1.8 | 6.1 |
| Investing Cash Flow | (435.0) | (643.1) | (672.3) | (450.7) | (186.5) | (100.3) | (194.3) | (255.5) | (310.0) | (96.4) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (24.7) | 0.2 | (97.1) | 88.3 | 8.9 | (13.4) | (13.9) | (91.0) | 95.9 | (6.5) |
| Stock Repurchased | (24.9) | (129.2) | (203.1) | (125.3) | (3.6) | 0 | (18.4) | (108.8) | (62.7) | 0 |
| Dividends Paid | (54.5) | (48.3) | (37.7) | (9.2) | (0.2) | (4.4) | (14.8) | (6.9) | 0 | 0 |
| Other Financing Activities | (63.5) | (25.3) | (11.2) | 0.1 | (3.1) | (9.4) | (10.3) | (32.2) | 86.6 | (0.4) |
| Financing Cash Flow | (167.5) | (202.7) | (349.3) | (55.8) | 2.1 | (28.9) | (57.4) | (8.8) | 119.8 | 148.5 |
| Cash Position | ||||||||||
| Net Change in Cash | 7.6 | (16.8) | (6.9) | 23.7 | (49.0) | (43.7) | 9.4 | 87.0 | 4.8 | 148.5 |
| Cash at Beginning | 20.0 | 36.8 | 43.7 | 20.0 | 69.0 | 112.7 | 103.3 | 16.3 | 11.5 | (137.1) |
| Cash at End | 27.6 | 20.0 | 36.8 | 43.7 | 20.0 | 69.0 | 112.7 | 103.3 | 16.3 | 11.5 |
| Free Cash Flow | 14.1 | 178.3 | 411.3 | 71.0 | (63.3) | (18.2) | 65.9 | 92.4 | (116.7) | (143.1) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 4,006.1 | 4,315.2 | 4,747.9 | 4,149.2 | 2,470.8 | 965.8 | 1,990.3 | 2,155.1 | 1,489.9 | 374.8 | 455.4 |
| Gross Profit | 457.9 | 609.6 | 977.0 | 677.2 | (41.9) | (72.3) | 203.8 | 401.3 | 261.4 | (21.3) | 25.6 |
| Operating Income | 81.3 | 384.1 | 757.7 | 514.1 | (162.6) | (144.2) | 110.7 | 312.3 | 181.3 | (57.1) | (3.1) |
| Net Income | 147.9 | 316.0 | 556.3 | 399.6 | (179.2) | (115.6) | 39.0 | 126.3 | 0 | 0 | (9.1) |
| EPS (Diluted) | 0.89 | 1.87 | 3.15 | 2.11 | -1.03 | -1.36 | 0.71 | 1.07 | 3.00 | -0.51 | -0.08 |
| Balance Sheet | |||||||||||
| Cash & Equivalents | 27.6 | 20.0 | 36.8 | 43.7 | 20.0 | 69.0 | 112.7 | 103.3 | 16.3 | 11.5 | |
| Total Assets | 3,558.3 | 3,296.4 | 3,033.6 | 2,575.9 | 2,040.7 | 1,889.9 | 1,283.4 | 1,116.5 | 852.1 | 451.8 | |
| Total Debt | 873.4 | 533.6 | 405.3 | 348.9 | 243.6 | 211.6 | 207.2 | 106.5 | 196.4 | 103.9 | |
| Stockholders' Equity | 2,078.9 | 1,978.9 | 1,841.4 | 1,495.0 | 1,213.2 | 1,150.6 | 554.8 | 433.1 | 435.3 | 229.0 | |
| Cash Flow | |||||||||||
| Operating Cash Flow | 609.6 | 829.4 | 1,014.6 | 530.4 | 135.5 | 85.4 | 261.1 | 351.3 | 195.1 | (40.7) | |
| Capital Expenditure | (595.5) | (651.0) | (603.3) | (459.3) | (198.8) | (103.6) | (195.2) | (258.8) | (311.8) | (102.4) | |
| Free Cash Flow | 14.1 | 178.3 | 411.3 | 71.0 | (63.3) | (18.2) | 65.9 | 92.4 | (116.7) | (143.1) | |