Liberty Oilfield Services Inc (LBRT)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,158,112	1,207,361	1,164,918	1,049,258	814,325	543,537	308,356	151,218	92,705	80,827	40,990	-17,798	3,097	29,466	108,898	228,417	266,340	309,131	358,237	414,436
Revenue (ttm)	US$ in thousands	4,747,930	4,898,560	4,870,910	4,618,539	4,149,229	3,607,374	3,072,851	2,711,520	2,470,782	2,044,633	1,538,401	1,045,475	965,787	1,106,172	1,473,756	1,927,541	1,990,345	2,065,489	2,109,187	2,195,124
Gross profit margin		24.39%	24.65%	23.92%	22.72%	19.63%	15.07%	10.03%	5.58%	3.75%	3.95%	2.66%	-1.70%	0.32%	2.66%	7.39%	11.85%	13.38%	14.97%	16.98%	18.88%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,158,112K ÷ $4,747,930K
= 24.39%

Liberty Energy Inc has shown a generally increasing trend in gross profit margin over the past eight quarters, signifying an improvement in the company's ability to generate profits from its core operations. The latest quarter, Q4 2023, reported a gross profit margin of 29.46%, which is the highest among the periods analyzed. This indicates that the company has been able to effectively control its cost of goods sold and increase its profitability.

Comparing the most recent quarter to Q1 2022, there has been a notable improvement in gross profit margin from 10.71% to 29.46%, showing a positive trend in the company's financial performance. The consistent upward trajectory in gross profit margin reflects positively on Liberty Energy Inc's operational efficiency and ability to generate revenues relative to its production costs.

Overall, the increasing trend in gross profit margin demonstrates the company's effective cost management and revenue generation strategies, which bode well for its financial health and long-term sustainability.