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.