Liberty Energy Inc. - Understand $lbrt stock

$LBRT Market Cap: $2.994 Billion

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Financial Snapshot

Revenue

$4.447B

TTM

Gross Margin

27.23%

TTM

Net Earnings

$356.5M

TTM

Current Assets

$922.5M

Q3 2024

Current Liabilities

$748.6M

Q3 2024

Current Ratio

123.24%

Q3 2024

Total Assets

$3.273B

Q3 2024

Total Liabilities

$1.304B

Q3 2024

Book Value

$1.969B

Q3 2024

Cash

$23.00M

Q3 2024

P/E

8.398

Nov 29, 2024 EST

Free Cash Flow

$361.2M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$4.748B	$4.149B	$2.471B	$965.8M	$1.990B	$2.155B	$1.490B	$374.8M	$455.4M
YoY Change	14.43%	67.93%	155.83%	-51.48%	-7.65%	44.65%	297.54%	-17.7%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$4.748B	$4.149B	$2.471B	$965.8M	$1.990B	$2.155B	$1.490B	$374.8M	$455.4M
Cost Of Revenue	$3.349B	$3.149B	$2.250B	$858.0M	$1.621B	$1.629B	$1.147B	$354.7M	$393.3M
Gross Profit	$1.399B	$1.000B	$220.9M	$107.8M	$369.2M	$526.4M	$342.8M	$20.04M	$62.10M
Gross Profit Margin	29.46%	24.11%	8.94%	11.16%	18.55%	24.42%	23.01%	5.35%	13.64%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin	$221.4M	$180.0M	$123.4M	$79.20M	$97.60M	$99.10M	$80.10M	$35.80M	$28.80M
YoY Change	22.98%	45.89%	55.82%	-18.85%	-1.51%	23.72%	123.74%	24.31%
% of Gross Profit	15.83%	18.0%	55.88%	73.47%	26.44%	18.83%	23.36%	178.61%	46.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$421.5M	$323.0M	$262.8M	$180.1M	$165.4M	$125.1M	$81.47M	$41.36M	$36.40M
YoY Change	30.49%	22.94%	45.91%	8.89%	32.19%	53.56%	96.98%	13.63%
% of Gross Profit	30.14%	32.3%	118.97%	167.04%	44.8%	23.77%	23.76%	206.36%	58.62%
Operating Expenses	$642.9M	$503.1M	$386.2M	$259.3M	$262.9M	$224.1M	$161.6M	$77.20M	$65.30M
YoY Change	27.8%	30.27%	48.93%	-1.37%	17.31%	38.68%	109.33%	18.22%
Operating Profit	$755.6M	$497.1M	-$181.2M	-$177.0M	$103.6M	$306.6M	$181.1M	-$54.43M	-$3.200M
YoY Change	52.0%	-374.31%	2.37%	-270.88%	-66.21%	69.24%	-432.76%	1601.06%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	-$27.51M	-$20.19M	-$15.60M	$14.51M	$14.68M	$17.15M	$12.64M	$6.126M	-$5.500M
YoY Change	36.24%	29.4%	-207.57%	-1.2%	-14.37%	35.68%	106.27%	-211.38%
% of Operating Profit	-3.64%	-4.06%			14.17%	5.59%	6.98%
Other Income/Expense, Net	-$25.69M	-$96.38M	$3.436M	-$14.51M	-$14.68M
YoY Change	-73.35%	-2905.03%	-123.69%	-1.2%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	$734.9M	$399.5M	-$177.8M	-$191.5M	$88.92M	$289.4M	$168.5M	-$60.60M	-$9.100M
YoY Change	83.95%	-324.71%	-7.18%	-315.41%	-69.28%	71.75%	-378.05%	565.93%
Income Tax	$178.5M	-$793.0K	$9.200M	-$30.86M	$14.05M	$40.39M	$0.00	$0.00	$0.00
% Of Pretax Income	24.29%	-0.2%			15.8%	13.95%	0.0%
Net Earnings	$556.3M	$399.6M	-$179.2M	-$115.6M	$39.00M	$126.3M	$0.00	$0.00	-$9.100M
YoY Change	39.22%	-322.94%	55.08%	-396.34%	-69.13%			-100.0%
Net Earnings / Revenue	11.72%	9.63%	-7.25%	-11.97%	1.96%	5.86%	0.0%	0.0%	-2.0%
Basic Earnings Per Share	$3.24	$2.17	-$1.03	-$1.36	$0.54	$1.84
Diluted Earnings Per Share	$3.15	$2.110M	-$1.03	-$1.36	$0.53	$1.81	$1.426M	-$521.5K	-$78.31K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments	$36.78M	$43.68M	$20.00M	$69.00M	$112.7M	$103.3M	$16.30M	$11.50M	$0.00
YoY Change	-15.78%	118.4%	-71.02%	-38.78%	9.1%	533.74%	41.74%
Cash & Equivalents	$36.78M	$43.68M	$20.00M	$69.00M	$112.7M	$103.3M	$16.30M	$11.50M	$0.00
Short-Term Investments
Other Short-Term Assets	$124.1M	$112.5M	$68.33M	$65.60M	$34.80M	$49.90M	$21.40M	$5.900M	$2.900M
YoY Change	10.31%	64.68%	4.16%	88.51%	-30.26%	133.18%	262.71%	103.45%
Inventory	$205.9M	$214.5M	$134.6M	$118.6M	$88.50M	$60.00M	$55.50M	$28.10M	$16.50M
Prepaid Expenses
Receivables	$587.5M	$586.0M	$407.5M	$313.9M	$243.3M	$232.8M	$254.8M	$123.5M	$82.30M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$9.600M	$15.20M	$4.000M	$5.100M	$5.500M
Total Short-Term Assets	$954.3M	$956.7M	$630.4M	$567.1M	$489.0M	$461.2M	$352.0M	$174.1M	$107.2M
YoY Change	-0.25%	51.76%	11.16%	15.97%	6.03%	31.02%	102.18%	62.41%
Property, Plant & Equipment	$1.920B	$1.501B	$1.327B	$1.236B	$760.1M	$627.1M	$494.8M	$277.4M	$189.8M
YoY Change	27.91%	13.11%	7.43%	62.56%	21.21%	26.74%	78.37%	46.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$159.0M	$117.9M	$75.80M	$33.20M	$34.30M	$28.20M	$5.300M	$400.0K	$0.00
YoY Change	34.85%	55.54%	128.3%	-3.21%	21.63%	432.08%	1225.0%
Total Long-Term Assets	$2.079B	$1.619B	$1.410B	$1.323B	$794.4M	$655.3M	$500.1M	$277.7M	$189.8M
YoY Change	28.41%	14.82%	6.61%	66.52%	21.23%	31.03%	80.09%	46.31%
Total Assets	$3.034B	$2.576B	$2.041B	$1.890B	$1.283B	$1.117B	$852.1M	$451.8M	$297.0M
YoY Change
Accounts Payable	$572.0M	$609.8M	$288.8M	$193.3M	$117.6M	$80.50M	$66.80M	$42.90M	$28.60M
YoY Change	-6.19%	111.15%	49.41%	64.37%	46.09%	20.51%	55.71%	50.0%
Accrued Expenses	$67.40M	$38.69M	$266.1M	$141.9M	$124.8M	$138.9M	$144.4M	$76.10M	$24.10M
YoY Change	74.21%	-85.46%	87.56%	13.7%	-10.15%	-3.81%	89.75%	215.77%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$1.020M	$9.750M	$20.90M	$24.10M	$400.0K	$0.00	$12.80M	$22.80M
YoY Change	-100.0%	-89.54%	-53.35%	-13.28%	5925.0%		-100.0%	-43.86%
Total Short-Term Liabilities	$639.4M	$649.5M	$569.2M	$356.1M	$266.5M	$219.7M	$220.5M	$131.8M	$75.50M
YoY Change	-1.55%	14.1%	59.86%	33.62%	21.3%	-0.36%	67.3%	74.57%
Long-Term Debt	$140.0M	$217.4M	$125.9M	$116.7M	$130.6M	$106.1M	$196.3M	$91.10M	$87.40M
YoY Change	-35.61%	72.71%	7.87%	-10.64%	23.09%	-45.95%	115.48%	4.23%
Other Long-Term Liabilities	$310.4M	$210.7M	$114.5M	$107.0M	$85.20M	$16.80M
YoY Change	47.34%	83.95%	7.03%	25.59%	407.14%
Total Long-Term Liabilities	$450.4M	$428.1M	$240.4M	$223.7M	$215.8M	$122.9M	$196.3M	$91.10M	$87.40M
YoY Change	5.21%	78.06%	7.47%	3.66%	75.59%	-37.39%	115.48%	4.23%
Total Liabilities	$1.192B	$1.081B	$827.4M	$739.3M	$728.6M	$683.4M	$416.9M	$222.9M	$162.9M
YoY Change	10.29%	30.64%	11.92%	1.47%	6.61%	63.92%	87.03%	36.83%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018
Basic Shares Outstanding	171.8M shares	184.3M shares	174.0M shares	85.24M shares	72.33M shares	68.84M shares
Diluted Shares Outstanding	176.4M shares	189.3M shares	174.0M shares	85.24M shares	105.3M shares	117.8M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.9938 Billion

About Liberty Energy Inc.

Liberty Energy, Inc. engages in the provision of hydraulic fracturing services to onshore oil and natural gas exploration for production companies in North America. The company is headquartered in Denver, Colorado and currently employs 5,500 full-time employees. The company went IPO on 2018-01-12. The firm is focused on providing hydraulic services and related technologies to onshore oil and natural gas exploration and production companies in North America. The company offers customers hydraulic fracturing services, together with complementary services, including wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas delivery, data analytics, related goods (including its sand mine operations), and technologies. The company primarily provides its services in the Permian Basin, the Williston Basin, the Eagle Ford Shale, the Haynesville Shale, the Appalachian Basin (Marcellus Shale and Utica Shale), the Western Canadian Sedimentary Basin, the Denver-Julesburg Basin, and the Anadarko Basin. The process of hydraulic fracturing involves pumping a pressurized stream of fracturing fluid (typically a mixture of water, chemicals and proppant) into a well casing or tubing.

Industry: Oil & Gas Field Services, NEC Peers: ChampionX Corp Baker Hughes Co Cactus, Inc. NEXTIER OILFIELD SOLUTIONS INC. NOV Inc. ProFrac Holding Corp. RPC INC SCHLUMBERGER LIMITED/NV USA Compression Partners, LP Weatherford International plc