Liberty Oilfield Services Inc (LBRT)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 24.39% | 24.65% | 23.92% | 22.72% | 19.63% | 15.07% | 10.03% | 5.58% | 3.75% | 3.95% | 2.66% | -1.70% | 0.32% | 2.66% | 7.39% | 11.85% | 13.38% | 14.97% | 16.98% | 18.88% |
| 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% |
| Pretax margin | 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% | 2.67% | 4.43% | 5.82% | 7.25% |
| Net profit margin | 11.72% | 12.59% | 12.63% | 12.29% | 9.63% | 5.30% | 0.17% | -5.55% | -7.25% | -7.86% | -10.16% | -14.49% | -11.97% | -8.20% | -3.07% | 1.17% | 1.96% | 3.40% | 4.42% | 5.50% |
Liberty Energy Inc's profitability ratios have demonstrated an upward trend over the quarters, reflecting improving efficiency and financial performance. The gross profit margin has gradually increased from 24.11% in Q4 2022 to 29.46% in Q4 2023, indicating enhanced control over production costs.
Similarly, the operating profit margin has shown a consistent improvement, moving from 11.84% in Q4 2022 to 15.87% in Q4 2023. This signals effective management of operating expenses and increased profitability from core business activities.
The pretax margin has also witnessed steady growth, rising from 9.63% in Q4 2022 to 15.48% in Q4 2023. This suggests that Liberty Energy is efficiently managing its pre-tax earnings and controlling overhead expenses.
Lastly, the net profit margin has exhibited a positive trajectory, increasing from 5.30% in Q4 2022 to 11.72% in Q4 2023. This improvement implies that the company is effectively converting its revenue into net income, enhancing overall profitability.
Overall, Liberty Energy Inc's profitability ratios showcase a promising trend of increasing margins, indicating the company's enhanced financial performance and potential for sustained profitability in the future.
Return on investment
| 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 return on assets (Operating ROA) | 25.07% | 27.04% | 27.80% | 25.98% | 19.25% | 9.27% | 0.49% | -6.17% | -8.88% | -8.76% | -9.52% | -11.77% | -9.37% | -13.32% | -5.61% | 5.06% | 8.07% | 12.62% | 16.81% | 22.24% |
| Return on assets (ROA) | 18.34% | 19.97% | 21.03% | 20.56% | 15.51% | 7.57% | 0.23% | -6.87% | -8.78% | -8.17% | -7.91% | -7.90% | -6.12% | -8.57% | -4.30% | 1.74% | 3.04% | 5.42% | 7.15% | 9.52% |
| Return on total capital | 38.38% | 41.52% | 41.44% | 39.84% | 28.96% | 14.12% | 0.73% | -9.36% | -13.25% | -12.04% | -11.94% | -13.39% | -10.50% | -16.45% | -6.47% | 6.80% | 10.25% | 16.76% | 23.82% | 31.29% |
| Return on equity (ROE) | 30.21% | 34.49% | 36.75% | 35.70% | 26.73% | 13.61% | 0.40% | -12.22% | -14.77% | -13.62% | -12.84% | -12.58% | -10.05% | -17.87% | -8.50% | 4.07% | 7.03% | 13.26% | 19.77% | 26.85% |
Liberty Energy Inc's profitability ratios have shown a consistent improvement over the past few quarters. The company's Operating Return on Assets (Operating ROA) has been steadily increasing, reaching a peak of 27.49% in Q2 2023, indicating that the company is efficiently generating profits from its assets. Similarly, the Return on Assets (ROA) has also been on an upward trend, reaching 21.03% in Q2 2023, demonstrating the company's ability to generate earnings from its total assets.
Furthermore, the Return on Total Capital has shown a significant improvement, reaching 40.07% in Q2 2023. This ratio reflects the company's efficiency in generating profits from both debt and equity capital. Additionally, the Return on Equity (ROE) has been consistently increasing, with a peak of 36.75% in Q3 2023. This demonstrates the company's ability to generate a high return for its shareholders' equity.
Overall, Liberty Energy Inc's profitability ratios indicate strong performance and efficient utilization of assets, capital, and equity to generate profits. This trend suggests that the company is managing its resources effectively and is on a path to sustainable growth and profitability.