Liberty Energy (LBRT)
Market Price (12/18/2025): $17.055 | Market Cap: $2.8 BilSector: Energy | Industry: Oil & Gas Equipment & Services
Liberty Energy (LBRT)
Market Price (12/18/2025): $17.055Market Cap: $2.8 BilSector: EnergyIndustry: Oil & Gas Equipment & Services
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.8% | Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -47% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg QQuarterly Revenue Change % is -17% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15% | Key risksLBRT key risks include [1] execution challenges and significant capital expenditures from its aggressive diversification into the power generation market, Show more. | |
| Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US Oilfield Technologies, and US LNG. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.8% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US Oilfield Technologies, and US LNG. |
| Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -47% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg QQuarterly Revenue Change % is -17% |
| Key risksLBRT key risks include [1] execution challenges and significant capital expenditures from its aggressive diversification into the power generation market, Show more. |
Valuation, Metrics & Events
LBRT Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Below are key points that highlight factors influencing Liberty Energy's stock movement:
1. Increased Quarterly Cash Dividend
Liberty Energy Inc. announced a 13% increase in its quarterly cash dividend, with payment scheduled for December 18, 2025. This move reflects confidence in future financial performance and often attracts income-focused investors.
2. Strategic Focus on Clean Energy Technology and Innovation
The company has been making strategic shifts towards clean energy and innovative technologies, such as the deployment of digiFrac™ pumps and digiFleets™, which aim for high performance, low emissions, and increased efficiency. These advancements position Liberty Energy for long-term growth and operational efficiency in the evolving energy sector.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LBRT Return | -7% | -6% | 66% | 15% | 11% | -7% | 72% |
| Peers Return | � | � | � | -25% | -13% | -14% | � |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| LBRT Win Rate | 67% | 58% | 67% | 42% | 58% | 42% | |
| Peers Win Rate | � | � | 67% | 32% | 43% | 45% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| LBRT Max Drawdown | -80% | -15% | 0% | -27% | -7% | -49% | |
| Peers Max Drawdown | � | � | � | -40% | -29% | -38% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HAL, SLB, PTEN, ACDC, PUMP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/17/2025 (YTD)
How Low Can It Go
| Event | LBRT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -50.0% | -25.4% |
| % Gain to Breakeven | 99.9% | 34.1% |
| Time to Breakeven | 138 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -80.1% | -33.9% |
| % Gain to Breakeven | 403.1% | 51.3% |
| Time to Breakeven | 279 days | 148 days |
| 2018 Correction | ||
| % Loss | -65.4% | -19.8% |
| % Gain to Breakeven | 189.1% | 24.7% |
| Time to Breakeven | 1,638 days | 120 days |
Compare to WFRD, RIG, WHD, PTEN, HMH
In The Past
Liberty Energy's stock fell -50.0% during the 2022 Inflation Shock from a high on 6/4/2021. A -50.0% loss requires a 99.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to LBRT. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WHD | Cactus | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.8% | 6.8% | 0.0% |
| 10172025 | OVV | Ovintiv | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.4% | 4.4% | 0.0% |
| 10102025 | COP | ConocoPhillips | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.5% | 4.5% | -2.3% |
| 10102025 | HAL | Halliburton | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 24.5% | 24.5% | -0.7% |
| 10102025 | OXY | Occidental Petroleum | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -7.1% | -7.1% | -7.1% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WHD | Cactus | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.8% | 6.8% | 0.0% |
| 10172025 | OVV | Ovintiv | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.4% | 4.4% | 0.0% |
| 10102025 | COP | ConocoPhillips | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.5% | 4.5% | -2.3% |
| 10102025 | HAL | Halliburton | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 24.5% | 24.5% | -0.7% |
| 10102025 | OXY | Occidental Petroleum | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -7.1% | -7.1% | -7.1% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Liberty Energy
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 13.07 |
| Mkt Cap | 1.6 |
| Rev LTM | 4,374 |
| Op Inc LTM | 50 |
| FCF LTM | 164 |
| FCF 3Y Avg | 317 |
| CFO LTM | 735 |
| CFO 3Y Avg | 924 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -11.8% |
| Rev Chg 3Y Avg | 6.2% |
| Rev Chg Q | -15.1% |
| QoQ Delta Rev Chg LTM | -4.1% |
| Op Mgn LTM | 2.0% |
| Op Mgn 3Y Avg | 8.6% |
| QoQ Delta Op Mgn LTM | -1.1% |
| CFO/Rev LTM | 14.8% |
| CFO/Rev 3Y Avg | 18.2% |
| FCF/Rev LTM | 4.5% |
| FCF/Rev 3Y Avg | 7.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.6 |
| P/S | 0.4 |
| P/EBIT | 0.0 |
| P/E | -1.0 |
| P/CFO | 2.9 |
| Total Yield | 3.0% |
| Dividend Yield | 2.7% |
| FCF Yield 3Y Avg | 8.5% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.5% |
| 3M Rtn | 18.5% |
| 6M Rtn | 17.7% |
| 12M Rtn | -4.5% |
| 3Y Rtn | -16.5% |
| 1M Excs Rtn | 3.8% |
| 3M Excs Rtn | 17.0% |
| 6M Excs Rtn | 5.3% |
| 12M Excs Rtn | -15.5% |
| 3Y Excs Rtn | -82.8% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/17/2025 | 3.5% | 7.0% | 5.1% |
| 7/25/2025 | -0.6% | -11.6% | -14.2% |
| 4/17/2025 | -4.5% | 0.7% | -0.9% |
| 1/29/2025 | -7.1% | -14.1% | -16.4% |
| 10/16/2024 | -8.9% | -14.5% | -13.7% |
| 7/17/2024 | 1.6% | -3.9% | -6.7% |
| 4/18/2024 | 1.3% | 4.1% | 7.1% |
| 1/24/2024 | 6.4% | 13.1% | 13.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 13 | 13 |
| # Negative | 16 | 12 | 12 |
| Median Positive | 1.6% | 2.2% | 6.0% |
| Median Negative | -2.8% | -9.7% | -10.5% |
| Max Positive | 6.4% | 13.1% | 54.9% |
| Max Negative | -8.9% | -17.4% | -52.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10172025 | 10-Q 9/30/2025 |
| 6302025 | 7252025 | 10-Q 6/30/2025 |
| 3312025 | 4172025 | 10-Q 3/31/2025 |
| 12312024 | 2062025 | 10-K 12/31/2024 |
| 9302024 | 10172024 | 10-Q 9/30/2024 |
| 6302024 | 7182024 | 10-Q 6/30/2024 |
| 3312024 | 4182024 | 10-Q 3/31/2024 |
| 12312023 | 2092024 | 10-K 12/31/2023 |
| 9302023 | 10192023 | 10-Q 9/30/2023 |
| 6302023 | 7212023 | 10-Q 6/30/2023 |
| 3312023 | 4212023 | 10-Q 3/31/2023 |
| 12312022 | 2102023 | 10-K 12/31/2022 |
| 9302022 | 10212022 | 10-Q 9/30/2022 |
| 6302022 | 7272022 | 10-Q 6/30/2022 |
| 3312022 | 4252022 | 10-Q 3/31/2022 |
| 12312021 | 2222022 | 10-K 12/31/2021 |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |