Liberty Energy (LBRT) Cost of Revenue (2017 - 2026)
Liberty Energy (LBRT) posted quarterly Cost of Revenue of $980.3 million for Q2 2026, up 20.71% year-over-year from $812.1 million in Q2 2025, and up 16.17% quarter-over-quarter from $843.8 million in Q1 2026.
Liberty Energy (LBRT) Cost of Revenue (2017 - 2026) Analysis & Trends
Liberty Energy's Cost of Revenue history runs 10 years deep, the most recent figure standing at $980.3 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 20.71% year-over-year to $980.3 million; the TTM figure through Jun 2026 stood at $3.4 billion (up 8.32% YoY), while the FY2025 annual figure was $3.2 billion, down 1.01% from the prior year.
- Cost of Revenue for Q2 2026 stood at $980.3 million, 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.
- The 5-year median for Cost of Revenue is $829.0 million (2023), against an average of $816.2 million.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue surged 47.29% in 2022, then retreated 12.75% in 2023.
- Liberty Energy's Cost of Revenue stood at $890.8 million in 2022, then declined by 12.75% to $777.3 million in 2023, then dropped by 4.57% to $741.8 million in 2024, then advanced by 11.17% to $824.6 million in 2025, then rose by 18.87% to $980.3 million in 2026.
- Business Quant data shows LBRT's Cost of Revenue at $980.3 million in Q2 2026, $843.8 million in Q1 2026, and $824.6 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 4.34 Bn |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 5.16 Bn |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | 1,981.97 |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 1.36 Bn |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 3.61 Bn |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 1.61 Bn |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 443.00 Mn |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 144.36 Mn |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 126.73 Mn |
| 10 | Liberty Energy | 3.14 Bn | 2.59 Bn | 208.34 Mn | 980.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 980.26 Mn |
| Jun 30, 2026 | 980.26 Mn |
| Mar 31, 2026 | 843.82 Mn |
| Mar 31, 2026 | 843.82 Mn |
| Dec 31, 2025 | 824.63 Mn |
| Dec 31, 2025 | 824.63 Mn |
| Sep 30, 2025 | 769.76 Mn |
| Sep 30, 2025 | 769.76 Mn |
| Jun 30, 2025 | 812.11 Mn |
| Jun 30, 2025 | 812.11 Mn |
| Mar 31, 2025 | 761.62 Mn |
| Mar 31, 2025 | 761.62 Mn |
| Dec 31, 2024 | 741.75 Mn |
| Dec 31, 2024 | 741.75 Mn |
| Sep 30, 2024 | 840.27 Mn |
| Sep 30, 2024 | 840.27 Mn |
| Jun 30, 2024 | 835.80 Mn |
| Jun 30, 2024 | 835.80 Mn |
| Mar 31, 2024 | 782.68 Mn |
| Mar 31, 2024 | 782.68 Mn |