Liberty Oilfield Services Inc (LBRT)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 389,468 | 488,298 | 586,247 | 650,892 | 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 |
| Revenue (ttm) | US$ in thousands | 4,315,154 | 4,446,540 | 4,523,860 | 4,558,970 | 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 |
| Operating profit margin | 9.03% | 10.98% | 12.96% | 14.28% | 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% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $389,468K ÷ $4,315,154K
= 9.03%
Liberty Oilfield Services Inc's operating profit margin has shown a fluctuating trend over the years based on the provided data. The company's operating profit margin was negative in the first half of 2020, indicating that its operating expenses exceeded its gross profit during that period.
From March 31, 2021, to December 31, 2021, the operating profit margin continued to decline, reaching a low of -21.57% in Q1 2021. This suggests that the company faced challenges in controlling its operating expenses relative to its revenue generation during this time.
However, starting from the second quarter of 2022, Liberty Oilfield Services Inc began to show signs of improvement in its operating profit margin. The margin turned positive in June 2022, indicating that the company's operating expenses were more efficiently managed or decreased while revenue increased.
The positive trend continued through the end of 2024, with the operating profit margin steadily increasing to 9.03% by December 31, 2024. This improvement suggests that the company implemented strategies to enhance operational efficiency, control costs, or increase revenue during this period.
Overall, Liberty Oilfield Services Inc's operating profit margin experienced a challenging period followed by a recovery and improvement, reflecting the company's efforts to enhance its operational performance and financial health. It will be essential for the company to maintain this positive trajectory and continue implementing effective operational strategies to sustain and further improve its operating profit margin in the future.
Peer comparison
Dec 31, 2024