Liberty Oilfield Services Inc (LBRT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 760,579 | 495,890 | -181,224 | -177,026 | 103,597 |
| Revenue | US$ in thousands | 4,747,930 | 4,149,230 | 2,470,780 | 965,787 | 1,990,350 |
| Operating profit margin | 16.02% | 11.95% | -7.33% | -18.33% | 5.20% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $760,579K ÷ $4,747,930K
= 16.02%
The operating profit margin of Liberty Energy Inc has displayed varying trends over the past five years. In 2023, the operating profit margin increased to 15.87%, indicating that the company generated 15.87 cents of operating profit for every dollar of revenue. This represents an improvement from the previous year when the margin was 11.84%.
In 2021, the company experienced a negative operating profit margin of -7.30%, suggesting that its operating expenses exceeded its revenue, leading to operating losses. The margin further deteriorated in 2020 to -18.37%, indicating significant challenges in controlling costs and generating profits from its operations.
However, in 2019, the company achieved a positive operating profit margin of 5.34%, demonstrating its ability to generate profits from its core business activities. Overall, the fluctuating operating profit margins reflect the company's performance in managing its costs and generating profits over the past five years.
Peer comparison
Dec 31, 2023