LBRT Liberty Energy margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 26

Gross margin

18%

Operating margin

1.7%

EBITDA margin

12.2%

Net margin

0.9%

For the latest period, Liberty Energy has a gross margin of 18%, an operating margin of 1.7%, an EBITDA margin of 12.2%, and a net margin of 0.9%. Each available margin deteriorated from the same period last year. EBITDA margin recorded the strongest contraction, dropping by 7.9 percentage points.

LBRT margin history

Gross, operating, EBITDA and net margin trends

Liberty Energy's margins averaged 23.79% gross, 6.96% operating, 20.17% EBITDA, and 6.18% net during the last 3 years. Currently, all four current margins are below their three-year averages.

LBRT margin expansion

Year-over-year margin changes in percentage points

Compared with last year, gross, operating, EBITDA, and net margins all declined, with EBITDA margin showing the largest decrease at 7.9 percentage points.

Gross margin expansion

-3.1pp

Operating margin expansion

-0.3pp

EBITDA margin expansion

-7.9pp

Net margin expansion

-3.9pp

LBRT Gross margin

Liberty Energy's gross margin averaged 23.79% during the last 3 years. Compared with its three-year average, Liberty Energy's current gross margin is 18% and is 5.8 percentage points below its three-year average. Over the last 3 years, Liberty Energy's gross margin peaked at 29.5% in Dec 2023 and reached a low of 18% in Sep 2026.

LBRT Operating margin

Liberty Energy recorded an average operating margin of 6.96% across the last 3 years. Liberty Energy's current operating margin is 1.7% and is 5.3 percentage points below its three-year average. The highest operating margin for Liberty Energy was 16% in Dec 2023, while the lowest was 1.3% in Jun 2026.

LBRT EBITDA margin

Over the last 3 years, Liberty Energy's EBITDA margin averaged 20.17%. The current EBITDA margin of 12.2% is 8 percentage points below its three-year average. During this period, EBITDA margin reached a high of 25% in Dec 2023 and a low of 12.2% in Sep 2026.

LBRT Net margin

Over the last 3 years, the average net margin for Liberty Energy was 6.18%. Liberty Energy currently reports a net margin of 0.9%, 5.3 percentage points below its three-year average. Liberty Energy's net margin ranged from a low of 0.9% in Sep 2026 to a high of 11.7% in Dec 2023.

LBRT margin group comparison

Margins compared with peer-group, industry and sector averages

Liberty Energy's gross margin of 18% is below the Energy sector and the industry average. Compared to its Energy sector average of 42.5%, Liberty Energy's gross margin is 58% lower.

LBRT margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Liberty Energy's gross margin?

The current gross margin for LBRT is 18% as of Sep 30, 2026.

What is Liberty Energy's operating margin?

The current operating margin for LBRT is 1.7% as of Sep 30, 2026.

What is Liberty Energy's EBITDA margin?

For the period ending Sep 30, 2026, LBRT recorded an EBITDA margin of 12.2%.

What is Liberty Energy's net margin?

As of Sep 30, 2026, LBRT has a net margin of 0.9%.

What are the average margins of LBRT?

The three-year average margins for LBRT were 23.8% gross, 7.0% operating, 20.2% EBITDA, and 6.2% net.

What are the highest historical margins of LBRT?

Across the 5-year period, LBRT posted its highest margins at 29.5% gross in Dec 2023, 17.1% operating in Sep 2023, 25% EBITDA in Dec 2023, and 12.6% net in Sep 2023.

What are the lowest historical margins of LBRT?

Over this 5-year history, Liberty Energy's margins fell as low as 8.9% gross in Dec 2021, -7.3% operating in Dec 2021, 4.4% EBITDA in Dec 2021, and -7.3% net in Dec 2021.