Liberty Energy Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.01B | $4.32B | $4.75B | $4.15B | $2.47B | $965.8M | $1.99B | $2.16B |
| Cost of Revenue | $3.17B | $3.20B | $3.35B | $3.15B | $2.25B | $858.0M | $1.62B | $1.63B |
| Gross Profit | $838.0M | $1.11B | $1.40B | $1.00B | $220.9M | $107.8M | $369.2M | $526.4M |
| Gross Margin | 20.9% | 25.8% | 29.5% | 24.1% | 8.9% | 11.2% | 18.5% | 24.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $247.4M | $225.5M | $221.4M | $180.0M | $123.4M | $84.1M | $97.6M | $98.4M |
| Operating Income | $72.7M | $389.5M | $760.6M | $495.9M | $-181.2M | $-177.0M | $103.6M | $306.6M |
| Operating Margin | 1.8% | 9.0% | 16.0% | 12.0% | -7.3% | -18.3% | 5.2% | 14.2% |
| Interest Expense | — | — | — | — | — | $14.5M | $14.7M | $17.1M |
| Pretax Income | $195.2M | $403.3M | $734.9M | $399.5M | $-177.8M | $-191.5M | $88.9M | — |
| Income Tax Expense | $47.3M | $87.3M | $178.5M | $-793.0K | $9.2M | $-30.9M | $14.1M | $40.4M |
| Net Income | $147.9M | $316.0M | $556.3M | $399.6M | $-179.2M | $-115.6M | $39.0M | $126.3M |
| Net Margin | 3.7% | 7.3% | 11.7% | 9.6% | -7.3% | -12.0% | 2.0% | 5.9% |
| EPS (Basic) | $0.91 | $1.91 | $3.24 | $2.17 | $-1.03 | $-0.68 | $0.27 | $0.92 |
| EPS (Diluted) | $0.89 | $1.87 | $3.15 | $2.11 | $-1.03 | $-0.68 | $0.27 | $0.91 |
| Shares Outstanding (Basic) | 161.9M | 165.0M | 171.8M | 184.3M | 174.0M | 170.5M | 144.7M | 137.7M |
| Shares Outstanding (Diluted) | 165.4M | 169.4M | 176.4M | 189.3M | 174.0M | 170.5M | 210.5M | 235.7M |
| Dividends Per Share | $0.33 | $0.29 | $0.22 | $0.05 | — | $0.03 | $0.10 | — |