LBRT|Liberty Energy Inc.
Oil & Gas Field Services, NEC
- Revenue
- $4.0B
- ▼ 7.2% YoY
- Operating margin
- 1.8%
- ▼ 80% YoY
- EBITDA
- $573M
- ▼ 36% YoY
- Market cap
- $2.8B
- Employees
- 5,800
- $691K revenue each
- Net debt / EBITDA
- 2.0×
- $1.2B net debt
- AI in 10-K
- 0.9
- mentions per 10K words
TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
412% of net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
13% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
—
Over 40% of assets
Shareholder dissentNo
91% lowest support
Any vote under 80% support
Buyer economics 1 of 4
Low revenue per employeeNo
$691K · 30th pct
Bottom quartile of its SIC industry
Quiet on AINo
0.9 per 10K words · 32nd pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
2.0× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedYes
$2.8B market cap
Market cap $500M–$5B
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY | Trend |
|---|
| Revenue | $2.4B | $4.0B | $4.7B | $4.3B | $4.0B | ▼ 7.2% | |
|---|
| Operating income | −$181M | $496M | $761M | $389M | $73M | ▼ 81% | |
|---|
| Net income | −$179M | $400M | $556M | $316M | $148M | ▼ 53% | |
|---|
| Operating cash flow | $135M | $530M | $1.0B | $829M | $610M | ▼ 26% | |
|---|
| Capex | $199M | $452M | $603M | $651M | $595M | ▼ 8.5% | |
|---|
| Stock-based comp | $20M | $23M | $33M | $32M | $42M | ▲ 29% | |
|---|
| Buybacks | $0 | $125M | $203M | $129M | $25M | ▼ 81% | |
|---|
| Dividends | $168K | $9M | $38M | $48M | $54M | ▲ 13% | |
|---|
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|
| Nov 21, 2022 | SCHLUMBERGER LIMITED/NV | SC 13D/A | 4.9% | Passive |
| Oct 26, 2022 | SCHLUMBERGER LIMITED/NV | SC 13D/A | 5.9% | Passive |
| Jun 10, 2022 | SCHLUMBERGER LIMITED/NV | SC 13D/A | 12.3% | Passive |
| May 5, 2022 | SCHLUMBERGER LIMITED/NV | SC 13D/A | 18.8% | Passive |
| Mar 3, 2022 | SCHLUMBERGER LIMITED/NV | SC 13D/A | 26.7% | Passive |
| Nov 9, 2021 | SCHLUMBERGER LIMITED/NV | SC 13D/A | 31.5% | Passive |
| Sep 29, 2021 | SCHLUMBERGER LIMITED/NV | SC 13D/A | 36.8% | Passive |
| Jun 10, 2021 | Riverstone/Carlyle Energy Partners IV, L.P. | SC 13D/A | 0.0% | Passive |
| Mar 15, 2021 | Riverstone/Carlyle Energy Partners IV, L.P. | SC 13D/A | 6.9% | Passive |
| Feb 11, 2021 | Riverstone/Carlyle Energy Partners IV, L.P. | SC 13D/A | 10.9% | Passive |
Insider trading
- Open-market buys, 12 mo
- $723K · 3
- Open-market sells, 12 mo
- $3M · 12
- Net
- −$3M
Pay vs performance
No pay-versus-performance disclosure yet.