Liberty Oilfield Services Inc (LBRT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,158,110 | 814,325 | 91,960 | 15,593 | 261,321 |
| Revenue | US$ in thousands | 4,747,930 | 4,149,230 | 2,470,780 | 965,787 | 1,990,350 |
| Gross profit margin | 24.39% | 19.63% | 3.72% | 1.61% | 13.13% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,158,110K ÷ $4,747,930K
= 24.39%
The gross profit margin of Liberty Energy Inc has fluctuated over the past five years. In 2019, the company had a gross profit margin of 18.55%, which increased significantly to 29.46% in 2023. This indicates an improvement in the company's ability to generate profits from its core operations and manage its production costs efficiently. However, there was a significant drop in the gross profit margin in 2021 to 8.94%, potentially reflecting challenges in managing costs or changes in the pricing strategy. In 2022, the margin improved to 24.11%, showing some recovery compared to the previous year. Overall, it is important for Liberty Energy Inc to closely monitor and analyze the factors affecting its gross profit margin to ensure sustainable profitability in the long run.
Peer comparison
Dec 31, 2023