Liberty Oilfield Services Inc (LBRT)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 556,317 | 616,803 | 615,148 | 567,633 | 399,602 | 191,144 | 5,301 | -150,415 | -179,244 | -160,685 | -156,297 | -151,508 | -115,583 | -90,701 | -45,201 | 22,602 | 39,003 | 70,137 | 93,232 | 120,795 |
| 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 |
| Net profit margin | 11.72% | 12.59% | 12.63% | 12.29% | 9.63% | 5.30% | 0.17% | -5.55% | -7.25% | -7.86% | -10.16% | -14.49% | -11.97% | -8.20% | -3.07% | 1.17% | 1.96% | 3.40% | 4.42% | 5.50% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $556,317K ÷ $4,747,930K
= 11.72%
Liberty Energy Inc's net profit margin has exhibited variability over the past eight quarters. The trend shows an improving performance from negative margins in Q1 and Q2 2022 to positive margins in subsequent quarters. Notably, there has been a steady increase in net profit margin from 9.63% in Q4 2022 to a peak of 12.63% in Q2 2023, followed by a slight decline in Q4 2023. Overall, the company has shown a positive trend in profitability, with higher margins indicating efficient cost management and potentially improving revenue generation during the period under review.
Peer comparison
Dec 31, 2023