Liberty Energy Inc. (LBRT) Key Metrics
LBRT valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $2.71B
- Enterprise value
- $4.04B
- P/E (TTM)
- 22.4 10-yr median 11.4
- Forward P/E
- 29.5
- PEG ratio
- —
- Price / sales
- 0.6 10-yr median 0.7
- Price / book
- 1.5 10-yr median 1.7
- EV / EBITDA
- 6.1 10-yr median 4.6
- Dividend yield
- 2.17% $0.36 a year
- Beta
- 0.72
LBRT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLBRT valuation Price multiples at each fiscal year-end price.
LBRT returns How much profit the business earns on the capital it uses.
LBRT per-share figures Results divided by the shares outstanding at year-end.
LBRT financial health Debt, liquidity and how easily interest is covered.
LBRT efficiency & capital use Working capital cycle and where the cash goes.
LBRT valuation history
LBRT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LBRT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LBRT cash returned to shareholders
LBRT price vs earnings per share
LBRT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.06B | $3.37B | $3.20B | $3.03B | $1.69B | $878.8M | $1.17B | $1.53B | — | — |
| Enterprise value | $3.91B | $3.88B | $3.57B | $3.34B | $1.91B | $1.02B | $1.26B | $1.53B | — | — |
| P/E ratio | 20.7 | 10.7 | 5.8 | 7.6 | — | — | 30.0 | 12.1 | — | — |
| Price / sales | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.9 | 0.6 | 0.7 | — | — |
| Price / book | 1.5 | 1.7 | 1.7 | 2.0 | 1.4 | 0.8 | 2.1 | 3.5 | — | — |
| Price / free cash flow | 217.3 | 18.9 | 7.8 | 42.7 | — | — | 17.8 | 16.5 | — | — |
| Price / operating cash flow | 5.0 | 4.1 | 3.2 | 5.7 | 12.5 | 10.3 | 4.5 | 4.3 | — | — |
| EV / sales | 1.0 | 0.9 | 0.8 | 0.8 | 0.8 | 1.1 | 0.6 | 0.7 | — | — |
| EV / EBITDA | 5.3 | 4.1 | 3.0 | 4.5 | 19.0 | 307.6 | 4.7 | 3.5 | — | — |
| EV / free cash flow | 277.3 | 21.8 | 8.7 | 47.0 | — | — | 19.2 | 16.5 | — | — |
| Earnings yield | 4.8% | 9.4% | 17.4% | 13.2% | −10.6% | −13.2% | 3.3% | 8.3% | — | — |
| Free cash flow yield | 0.5% | 5.3% | 12.9% | 2.3% | −3.8% | −2.1% | 5.6% | 6.1% | — | — |
| Dividend yield | 1.8% | 1.4% | 1.2% | 0.3% | 0.0% | 0.5% | 1.3% | 0.5% | — | — |
| Shareholder yield (dividends + buybacks) | 2.6% | 5.3% | 7.5% | 4.4% | 0.1% | 0.9% | 2.8% | 7.6% | — | — |
| Share price at fiscal year-end | $18.46 | $19.89 | $18.14 | $16.01 | $9.70 | $10.31 | $11.12 | $12.95 | — | — |
| Per share | ||||||||||
| Revenue per share | $24.13 | $25.47 | $26.92 | $21.91 | $14.20 | $11.33 | $18.91 | $18.29 | $21.60 | $6.68 |
| Earnings per share | $0.89 | $1.87 | $3.15 | $2.11 | −$1.03 | −$1.36 | $0.37 | $1.07 | $2.44 | −$1.08 |
| Operating cash flow per share | $3.67 | $4.90 | $5.75 | $2.80 | $0.78 | $1.00 | $2.48 | $2.98 | $2.83 | −$0.73 |
| Free cash flow per share | $0.08 | $1.05 | $2.33 | $0.38 | −$0.36 | −$0.21 | $0.63 | $0.78 | −$1.69 | −$2.55 |
| Cash per share | $0.17 | $0.12 | $0.21 | $0.23 | $0.11 | $0.81 | $1.07 | $0.88 | $0.24 | $0.20 |
| Book value per share | $12.52 | $11.68 | $10.44 | $7.90 | $6.97 | $13.50 | $5.27 | $3.68 | $6.31 | $4.08 |
| Tangible book value per share | $12.45 | $11.68 | $10.44 | $7.90 | $6.93 | $12.86 | $5.27 | $3.68 | $6.31 | $4.08 |
| Dividends per share | $0.33 | $0.29 | $0.21 | $0.05 | $0.00 | $0.05 | $0.14 | $0.06 | $5.39 | $0.12 |
| Capex per share | $3.59 | $3.84 | $3.42 | $2.43 | $1.14 | $1.22 | $1.85 | $2.20 | $4.52 | $1.83 |
| Debt per share | $5.26 | $3.15 | $2.30 | $1.84 | $1.40 | $2.48 | $1.97 | $0.90 | $2.85 | $1.85 |
| Shares outstanding | 166.0M | 169.4M | 176.4M | 189.3M | 174.0M | 85.2M | 105.3M | 117.8M | 69.0M | 56.1M |
| Change in shares outstanding | −2.0% | −3.9% | −6.9% | +8.8% | +104.1% | −19.0% | −10.7% | +70.8% | +23.0% | −52.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.3% | 16.5% | 33.3% | 29.5% | −15.2% | −13.6% | 7.9% | 29.1% | 50.7% | −33.4% |
| Return on invested capital (ROIC) | 2.3% | 12.8% | 28.6% | 31.8% | −9.4% | −11.7% | 17.2% | 51.1% | 38.7% | −15.8% |
| Return on assets (ROA) | 4.3% | 10.0% | 19.8% | 17.3% | −9.1% | −7.3% | 3.3% | 12.8% | 25.8% | −16.2% |
| Return on tangible assets | 4.2% | 9.6% | 18.3% | 15.5% | −8.8% | −6.3% | 3.0% | 11.3% | 19.8% | −13.4% |
| Free cash flow margin | 0.4% | 4.1% | 8.7% | 1.7% | −2.6% | −1.9% | 3.3% | 4.3% | −7.8% | −38.2% |
| Income quality (OCF / net income) | 4.12 | 2.62 | 1.82 | 1.33 | — | — | 6.69 | 2.78 | 1.16 | — |
| Financial health | ||||||||||
| Total debt | $873.4M | $533.6M | $405.3M | $348.9M | $243.6M | $211.6M | $207.2M | $106.5M | $196.4M | $103.9M |
| Cash & short-term investments | $27.6M | $20.0M | $36.8M | $43.7M | $20.0M | $69.0M | $112.7M | $103.3M | $16.3M | $11.5M |
| Net debt | $845.8M | $513.6M | $368.5M | $305.2M | $223.6M | $142.6M | $94.5M | $3.2M | $180.0M | $92.4M |
| Debt / equity | 0.42 | 0.27 | 0.22 | 0.23 | 0.20 | 0.18 | 0.37 | 0.25 | 0.45 | 0.45 |
| Debt / assets | 0.25 | 0.16 | 0.13 | 0.14 | 0.12 | 0.11 | 0.16 | 0.10 | 0.23 | 0.23 |
| Net debt / EBITDA | 1.15 | 0.55 | 0.31 | 0.41 | 2.22 | 42.94 | 0.35 | 0.01 | 0.69 | — |
| Current ratio | 1.22 | 1.27 | 1.49 | 1.47 | 1.11 | 1.59 | 1.83 | 2.10 | 1.60 | 1.32 |
| Quick ratio | 0.96 | 0.97 | 1.17 | 1.14 | 0.87 | 1.26 | 1.50 | 1.83 | 1.34 | 1.11 |
| Interest coverage | 2.0 | 11.8 | 25.7 | 22.6 | -10.4 | -9.8 | 6.3 | 18.2 | 14.3 | -9.3 |
| Working capital | $157.6M | $182.0M | $314.8M | $307.2M | $61.1M | $211.0M | $222.5M | $241.5M | $131.5M | $42.3M |
| Invested capital | $2.92B | $2.49B | $2.21B | $1.80B | $1.44B | $1.29B | $649.4M | $436.3M | $615.3M | $321.4M |
| Tangible asset value | $2.07B | $1.98B | $1.84B | $1.50B | $1.22B | $1.26B | $721.5M | $740.8M | $435.3M | $229.0M |
| Net current asset value | −$601.4M | −$469.0M | −$237.9M | −$122.0M | −$179.8M | −$12.8M | −$72.9M | $85.5M | −$64.8M | −$48.8M |
| Graham number | $15.84 | $22.14 | $27.22 | $19.36 | — | — | $6.63 | $9.42 | $18.62 | — |
| Graham net-net per share | −$5.44 | −$4.67 | −$3.47 | −$2.58 | −$2.40 | −$2.32 | −$2.05 | −$0.48 | −$2.59 | −$1.80 |
| Capital allocation | ||||||||||
| Dividends paid | $54.5M | $48.3M | $37.7M | $9.2M | $168,000 | $4.4M | $14.8M | $6.9M | $372.1M | $6.9M |
| Share buybacks (net) | $24.9M | $129.2M | $203.1M | $125.3M | $1.3M | $3.2M | $18.4M | $108.8M | $62.7M | $0 |
| Dividend payout ratio | 36.8% | 15.3% | 6.8% | 2.3% | — | — | 37.9% | 5.5% | 220.8% | — |
| Dividends + buybacks / free cash flow | 562.6% | 99.6% | 58.5% | 189.3% | — | — | 50.3% | 125.2% | — | — |
| Capex / revenue | 14.9% | 15.1% | 12.7% | 11.1% | 8.0% | 10.7% | 9.8% | 12.0% | 20.9% | 27.3% |
| Capex / operating cash flow | 97.7% | 78.5% | 59.5% | 86.6% | 146.7% | 121.3% | 74.8% | 73.7% | 159.8% | — |
| Capex / depreciation | 1.19 | 1.29 | 1.43 | 1.42 | 0.75 | 0.58 | 1.18 | 2.07 | 3.83 | 2.48 |
| Stock-based compensation / revenue | 1.0% | 0.8% | 0.7% | 0.6% | 0.8% | 1.8% | 0.7% | 0.3% | — | — |
| SG&A / revenue | 6.2% | 5.2% | 4.7% | 4.3% | 5.0% | 8.7% | 4.9% | 4.6% | 5.4% | 9.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 52.2 | 47.7 | 45.1 | 43.7 | 55.1 | 111.8 | 45.9 | 42.9 | 47.4 | 105.4 |
| Days of inventory on hand | 20.1 | 20.2 | 20.3 | 18.3 | 18.4 | 36.4 | 15.2 | 12.0 | 12.4 | 20.6 |
| Days payables outstanding | 46.9 | 29.9 | 30.0 | 32.4 | 35.0 | 54.7 | 20.2 | 15.3 | 16.3 | 32.9 |
| Cash conversion cycle (days) | 25.4 | 37.9 | 35.4 | 29.7 | 38.5 | 93.5 | 40.9 | 39.6 | 43.6 | 93.0 |
| Receivables turnover | 7.00 | 7.66 | 8.09 | 8.35 | 6.62 | 3.27 | 7.95 | 8.51 | 7.69 | 3.46 |
| Payables turnover | 7.77 | 12.19 | 12.15 | 11.28 | 10.42 | 6.68 | 18.04 | 23.81 | 22.40 | 11.09 |
| Inventory turnover | 18.12 | 18.11 | 17.94 | 19.89 | 19.85 | 10.02 | 24.05 | 30.36 | 29.37 | 17.76 |
| Asset turnover | 1.17 | 1.36 | 1.69 | 1.80 | 1.26 | 0.61 | 1.66 | 2.19 | 2.29 | 1.00 |
| Average receivables | $572.6M | $563.7M | $586.7M | $496.7M | $373.1M | $295.8M | $250.4M | $253.4M | $193.7M | $108.2M |
| Average payables | $456.4M | $303.9M | $310.3M | $307.8M | $241.1M | $155.5M | $99.1M | $73.7M | $54.9M | $35.7M |
| Average inventory | $195.8M | $204.7M | $210.2M | $174.5M | $126.6M | $103.6M | $74.3M | $57.8M | $41.8M | $22.3M |
| Intangibles / total assets | 0.4% | 0.0% | 0.0% | 0.0% | 0.3% | 2.9% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from LBRT's annual financial statements (latest annual report filed February 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LBRT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Liberty Energy traded at 20.7 times earnings, against a 10-year median of 11.4. Based on the latest twelve months, the trailing P/E is 22.4 and the forward P/E is 29.5. Liberty Energy earned a return on equity of 7.3% and a return on invested capital of 2.3% in fiscal 2025. It ended the year with $873.4 million of debt and $27.6 million in cash and short-term investments, net debt of $845.8 million. It returned $79.4 million to shareholders: $54.5 million in dividends and $24.9 million in share buybacks, 563% of free cash flow. The share count rose 196.0% from 56.1M to 166.0M over 9 years.
See the LBRT income statement, the LBRT chart for price history, or the LBRT stock overview for the latest quote and news.
LBRT key metrics FAQ
What is Liberty Energy's P/E ratio?
Liberty Energy's trailing P/E ratio is 22.4 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 29.5. At the end of fiscal 2025 it was 20.7, compared with a 10-year median of 11.4.
What is Liberty Energy's EV/EBITDA?
Liberty Energy's enterprise value was 5.3 times EBITDA at the end of fiscal 2025 (enterprise value $3.9 billion, EBITDA $735.8 million); the current EV/EBITDA is 6.1.
What is Liberty Energy's return on equity?
Liberty Energy's return on equity (ROE) was 7.3% in fiscal 2025: net income of $147.9 million on average shareholders' equity of $2.0 billion.
What is Liberty Energy's ROIC?
Liberty Energy's return on invested capital was 2.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Liberty Energy have?
Liberty Energy had total debt of $873.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.42 and $845.8 million of net debt (1.15 times EBITDA).
What is Liberty Energy's dividend yield?
Liberty Energy's forward dividend yield is 2.17%. Liberty Energy paid $54.5 million in dividends in fiscal 2025 ($0.33 per share), a payout ratio of 36.8%.
Does Liberty Energy buy back its shares?
Yes. Liberty Energy spent $24.9 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.0% over the year, to 166.0M..
What is Liberty Energy's free cash flow yield?
Liberty Energy generated $14.1 million of free cash flow in fiscal 2025, a free cash flow yield of 0.5% on its market value at year-end ($3.1 billion).
What is Liberty Energy's current ratio?
Liberty Energy's current ratio was 1.22 at the end of fiscal 2025: current assets were 1.22 times current liabilities.