Liberty Oilfield Services Inc (LBRT)
Return on total capital
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 275,176 | 313,793 | 357,512 | 435,963 | 495,800 | 597,007 | 654,801 | 764,383 | 793,585 | 744,435 | 648,043 | 422,224 | 214,070 | 22,843 | -120,292 | -162,185 | -163,903 | -184,647 | -225,421 | -176,466 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,069,660 | 2,034,980 | 1,974,110 | 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 |
| Return on total capital | 13.30% | 15.42% | 18.11% | 22.03% | 25.18% | 30.82% | 34.75% | 41.51% | 44.37% | 44.47% | 40.75% | 28.24% | 15.24% | 1.72% | -9.77% | -13.37% | -13.89% | -15.17% | -18.71% | -15.34% |
September 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $275,176K ÷ ($—K + $2,069,660K)
= 13.30%
Peer comparison
Sep 30, 2025
Company name
Symbol
Return on total capital
Liberty Oilfield Services Inc
LBRT
13.30%
Baker Hughes Co
BKR
14.34%
Halliburton Company
HAL
20.62%
Schlumberger NV
SLB
14.47%
TechnipFMC PLC
FTI
37.49%