Liberty Oilfield Services Inc (LBRT)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 734,799 | 398,802 | -170,028 | -146,440 | 53,055 |
| Revenue | US$ in thousands | 4,747,930 | 4,149,230 | 2,470,780 | 965,787 | 1,990,350 |
| Pretax margin | 15.48% | 9.61% | -6.88% | -15.16% | 2.67% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $734,799K ÷ $4,747,930K
= 15.48%
The pretax margin of Liberty Energy Inc has shown fluctuating trends over the past five years. In 2023, the pretax margin improved to 15.48%, reflecting an increase compared to the previous year. In 2022, the pretax margin was 9.63%, indicating a moderate performance. However, in 2021 and 2020, the company reported negative pretax margins of -7.20% and -19.83% respectively, suggesting financial losses before tax during those years. On a positive note, in 2019, the company had a pretax margin of 4.47%, indicating profitability before tax. Overall, the pretax margin performance of Liberty Energy Inc has displayed variability, with a mix of positive and negative margins in recent years.
Peer comparison
Dec 31, 2023