Liberty Oilfield Services Inc (LBRT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 403,299 | 464,552 | 566,999 | 626,031 | 734,799 | 764,024 | 715,098 | 620,486 | 398,802 | 194,595 | 6,933 | -133,012 | -170,071 | -161,109 | -167,446 | -190,026 | -146,440 | -114,870 | -55,394 | 30,855 |
| 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 |
| Pretax margin | 9.35% | 10.45% | 12.53% | 13.73% | 15.48% | 15.60% | 14.68% | 13.43% | 9.61% | 5.39% | 0.23% | -4.91% | -6.88% | -7.88% | -10.88% | -18.18% | -15.16% | -10.38% | -3.76% | 1.60% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $403,299K ÷ $4,315,154K
= 9.35%
The pretax margin of Liberty Oilfield Services Inc has shown a fluctuating trend over the past few years, indicating varying levels of profitability before taxes. The company experienced negative pretax margins in the period from June 2020 to March 2022, with the lowest point reaching -18.18% in March 2021. However, the pretax margin started to improve from June 2022 onwards, turning positive with a gradual increase. By December 2024, the pretax margin reached 9.35%, reflecting a significant recovery and improved profitability compared to the earlier periods. The positive trend suggests that the company's operations have become more efficient and profitable over time.
Peer comparison
Dec 31, 2024