Liberty Energy (LBRT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Liberty Energy

NYSE•Energy•Oil & Gas Equipment & Services

$15.59+0.21(0.01%)After hours

Market Cap

$2.84B

P/E

70.5x

P/S

0.6x

P/B

1.5x

Liberty Energy Inc.,an integrated energy services and technology company, provides hydraulic fracturing services and related technologies onshore oil, natural gas, and enhanced geothermal exploration and production companies in North America. It offers wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods comprising sand mine operations, and technologies; and proppant handling equipment and logistics software. As of December 31, 2025, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin. It also provides services primarily in the Permian Basin, the Williston Basin, the Haynesville Shale, the Eagle Ford Shale, the Denver-Julesburg Basin, the Western Canadian Sedimentary Basin, the Powder River Basin, and the Appalachian Basin, as well as in the Anadarko Basin, the Uinta Basin, the San Juan Basin, and the Beetaloo Basin. The company was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. Liberty Energy Inc. was founded in 2011 and is headquartered in Denver, Colorado.

How this company scores

WeakMetricSide Score: 33/100

Strongest: Growth (12/25); weakest: Cash & Earnings Quality (2/25).

Profitability7/25

Growth12/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality2/25

Strengths

Improving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 70.5x5y range 3.7x – 70.5x

Currently above its 17-quarter median.

P/S · 0.6x5y range 0.5x – 1.2x

Currently near its 20-quarter median.

P/B · 1.5x5y range 0.9x – 2.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 13.1% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $2.84B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.44B
Q. Revenue: $1.20B
TTM EBITDA: $536.40M
TTM Op. Income: $74.18M
Q. Op. Income: $19.30M
TTM Net Income: $40.31M
Q. Net Income: $-39.06M
EPS: $-0.24
Shares Out.: $163.19M

$4.44B in TTM revenue grew 13.6% YoY, reaching $1.20B last quarter. TTM EBITDA of $536.40M and TTM operating income of $74.18M show growth is flowing through to the bottom line. TTM net income of $40.31M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 16.8%
EBITDA Margin: 11.1%
Op. Margin: 1.6%
Net Margin: -3.3%

Op. margin of 1.6% is up 1.9% YoY — cost efficiency is improving. Net margin at -3.3% and gross margin of 16.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 732% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 70.5x
P/S Ratio: 0.6x
P/B Ratio: 1.5x

At 70.5x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.6x and P/B of 1.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 5 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.49B
Cash: $118.97M
Long-Term Debt: $1.28B
Book Value: $1.92B
D/E Ratio: 0.7
Debt/EBITDA: 9.6

With $4.49B in assets and $1.28B in long-term debt, D/E is 0.7and book value is $1.92B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 445% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $222.87M
TTM Free Cash Flow: $-652.46M
FCF Margin: -14.7%
FCF / Net Income: -16.2

TTM FCF of $-652.46M on $222.87M in operating cash flow. The FCF / Net Income ratio of -16.2x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 3 consecutive quarters — a weakening trend.