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.