Liberty Oilfield Services Inc (LBRT)
Return on equity (ROE)
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Net income | US$ in thousands | 556,317 | 399,602 | -179,244 | -115,583 | 39,003 |
Total stockholders’ equity | US$ in thousands | 1,841,410 | 1,495,020 | 1,213,240 | 1,150,640 | 554,827 |
ROE | 30.21% | 26.73% | -14.77% | -10.05% | 7.03% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $556,317K ÷ $1,841,410K
= 30.21%
The Return on Equity (ROE) for Liberty Energy Inc has shown fluctuating trends over the past five years. In 2019, the ROE was at 7.03%, indicating that the company generated a 7.03% return for every dollar of shareholders' equity. This figure improved significantly in 2020 to -10.05%, reflecting a negative return, suggesting that the company's net income could not cover the shareholder's equity, resulting in a loss.
The ROE further declined in 2021 to -14.77%, indicating a worsening trend in the company's ability to generate returns on equity. However, there was a notable turnaround in 2022, with the ROE increasing to 26.73%, suggesting a significant improvement in the company's profitability and efficiency in generating returns for shareholders.
The most recent data for 2023 shows a further improvement in ROE to 30.21%, indicating that the company performed well in utilizing shareholders' equity to generate profits. Overall, there has been a mix of positive and negative ROE figures, with recent years showing a positive trend in profitability and shareholder return for Liberty Energy Inc.
Peer comparison
Dec 31, 2023