Liberty Oilfield Services Inc (LBRT)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 316,010 | 356,500 | 431,304 | 475,554 | 556,317 | 616,803 | 615,148 | 567,633 | 399,602 | 191,144 | 5,301 | -150,415 | -179,244 | -160,685 | -156,297 | -151,508 | -115,583 | -90,701 | -45,201 | 22,602 |
| Total stockholders’ equity | US$ in thousands | 1,978,870 | 1,969,000 | 1,936,900 | 1,884,480 | 1,841,410 | 1,788,560 | 1,673,940 | 1,590,120 | 1,495,020 | 1,404,740 | 1,327,570 | 1,231,260 | 1,213,240 | 1,179,700 | 1,216,810 | 1,204,550 | 1,150,640 | 507,602 | 531,831 | 555,371 |
| ROE | 15.97% | 18.11% | 22.27% | 25.24% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $316,010K ÷ $1,978,870K
= 15.97%
Liberty Oilfield Services Inc's return on equity (ROE) has shown a fluctuating trend over the last few years, based on the provided data. The ROE was negative for most quarters in 2020 and 2021, indicating that the company was generating less profit relative to its equity base during those periods. However, there has been a notable improvement in ROE starting from the second half of 2022, with the metric turning positive and steadily increasing through the end of 2024.
Specifically, the ROE increased from 0.40% for June 30, 2022, to 15.97% for December 31, 2024, showcasing a significant improvement in the company's profitability relative to its shareholders' equity. This positive trend indicates that Liberty Oilfield Services Inc might have implemented successful strategies to enhance its earnings generation efficiency and effectively utilize its equity capital during this period.
Overall, the recent positive trend in ROE reflects a potentially improved financial performance and operational efficiency for Liberty Oilfield Services Inc, which could be positive signals for investors and stakeholders evaluating the company's financial health and management effectiveness.
Peer comparison
Dec 31, 2024