Liberty Oilfield Services Inc (LBRT)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 845,817 | 1,158,110 | 814,325 | 91,960 | 15,593 |
| Revenue | US$ in thousands | 4,315,160 | 4,747,930 | 4,149,230 | 2,470,780 | 965,787 |
| Gross profit margin | 19.60% | 24.39% | 19.63% | 3.72% | 1.61% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $845,817K ÷ $4,315,160K
= 19.60%
The gross profit margin of Liberty Oilfield Services Inc has shown significant improvement over the years, increasing from 1.61% as of December 31, 2020, to 24.39% as of December 31, 2023. This upward trend indicates that the company has been able to effectively control its production costs relative to its revenue, resulting in a stronger performance in terms of generating gross profit. However, there was a slight dip in the margin to 19.60% as of December 31, 2024, which could be due to various factors such as changes in market conditions or operational challenges. Overall, the increasing trend in gross profit margin reflects improving efficiency and profitability within the company's operations.
Peer comparison
Dec 31, 2024