Liberty Energy (LBRT) Cost of Revenue (2017 - 2026)
Liberty Energy (LBRT) posted Cost of Revenue of $980.3 million for Q2 2026, up 16.17% on a QoQ basis from $843.8 million in Q1 2026, and up 20.71% year-over-year from $812.1 million in Q2 2025.
Analysis
Liberty Energy (LBRT) Cost of Revenue (2017 - 2026) Analysis & Trends
Liberty Energy has reported Cost of Revenue for 10 years, with the latest figure at $980.3 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 20.71% year-over-year to $980.3 million in Q2 2026; TTM through Jun 2026 was $3.4 billion, a 8.32% increase from a year earlier, with the FY2025 full-year figure at $3.2 billion, down 1.01% from the prior year.
- Cost of Revenue was $980.3 million for Q2 2026 at Liberty Energy, up from $843.8 million in the prior quarter.
- The five-year high for Cost of Revenue was $980.3 million in Q2 2026, with the low at $670.0 million in Q1 2022.
- Average Cost of Revenue over 5 years is $816.2 million, with a median of $829.0 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue jumped 47.29% in 2022, then slipped 12.75% in 2023.
- Over 5 years, Cost of Revenue stood at $890.8 million in 2022, then retreated by 12.75% to $777.3 million in 2023, then fell by 4.57% to $741.8 million in 2024, then grew by 11.17% to $824.6 million in 2025, then advanced by 18.87% to $980.3 million in 2026.
- The last three Cost of Revenue figures came in at $980.3 million (Q2 2026), $843.8 million (Q1 2026), and $824.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.07 Bn | 81.00 Bn | 4.63 Bn | 4.34 Bn |
| 2 | Baker Hughes | 63.03 Bn | 47.30 Bn | 1.58 Bn | 5.16 Bn |
| 3 | Halliburton | 31.08 Bn | 29.03 Bn | 2.10 Bn | 3.61 Bn |
| 4 | Weatherford International | 6.68 Bn | 5.54 Bn | 662.00 Mn | 443.00 Mn |
| 5 | Kodiak Gas Services | 6.11 Bn | 5.98 Bn | 246.76 Mn | 144.36 Mn |
| 6 | Tidewater | 4.62 Bn | 4.01 Bn | 161.54 Mn | 180.75 Mn |
| 7 | USA Compression Partners | 4.01 Bn | 4.00 Bn | 217.36 Mn | 124.79 Mn |
| 8 | Liberty Energy | 3.59 Bn | 3.04 Bn | 208.34 Mn | 980.26 Mn |
| 9 | National Energy Services Reunited | 3.50 Bn | 3.31 Bn | 81.29 Mn | 439.46 Mn |
| 10 | Select Water Solutions | 2.78 Bn | 2.74 Bn | 76.84 Mn | 318.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 980.26 Mn |
| Mar 31, 2026 | 843.82 Mn |
| Dec 31, 2025 | 824.63 Mn |
| Sep 30, 2025 | 769.76 Mn |
| Jun 30, 2025 | 812.11 Mn |
| Mar 31, 2025 | 761.62 Mn |
| Dec 31, 2024 | 741.75 Mn |
| Sep 30, 2024 | 840.27 Mn |
| Jun 30, 2024 | 835.80 Mn |
| Mar 31, 2024 | 782.68 Mn |
| Dec 31, 2023 | 777.25 Mn |
| Sep 30, 2023 | 850.25 Mn |
| Jun 30, 2023 | 833.46 Mn |
| Mar 31, 2023 | 888.42 Mn |
| Dec 31, 2022 | 890.85 Mn |
| Sep 30, 2022 | 874.45 Mn |
| Jun 30, 2022 | 713.72 Mn |
| Mar 31, 2022 | 670.02 Mn |
| Dec 31, 2021 | 635.35 Mn |
| Sep 30, 2021 | 593.68 Mn |