Liberty Oilfield Services Inc (LBRT)

Operating 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
Operating income (ttm)	US$ in thousands	760,579	835,289	813,045	717,171	495,890	233,991	11,442	-135,166	-181,224	-172,157	-187,993	-225,531	-177,026	-140,985	-59,013	65,732	103,597	163,471	219,146	282,154
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
Operating profit margin		16.02%	17.05%	16.69%	15.53%	11.95%	6.49%	0.37%	-4.98%	-7.33%	-8.42%	-12.22%	-21.57%	-18.33%	-12.75%	-4.00%	3.41%	5.20%	7.91%	10.39%	12.85%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $760,579K ÷ $4,747,930K
= 16.02%

The operating profit margin of Liberty Energy Inc has been showing a generally improving trend over the past eight quarters, reflecting the company's ability to generate profits from its core business operations. The margins have increased steadily from 11.84% in Q4 2022 to 15.87% in Q4 2023, indicating a positive trajectory.

The company's operating efficiency has been on the rise, with margins consistently improving over the quarters. The significant jump in Q1 2023 to 16.51% from 15.34% in Q4 2022 suggests an enhancement in cost management and revenue generation strategies.

While there was a minor dip in Q3 2023, the overall trend is positive, showcasing the company's ability to effectively control costs and optimize its operations. The fact that even the lowest margin recorded in recent quarters, in Q1 2022 at -4.76%, has improved significantly, hinting at Liberty Energy Inc's commitment to enhancing profitability.