Liberty Energy (LBRT) Gross Margin (2017 - 2026)

Liberty Energy's (LBRT) quarterly Gross Margin came in at 17.37% in Q1 2026, down 471.0% year-on-year from 4.68% in Q1 2025, and down 15.74% quarter-over-quarter from 20.61% in Q4 2025.

Liberty Energy (LBRT) Gross Margin (2017 - 2026) Analysis & Trends

Liberty Energy's Gross Margin history runs 10 years deep, the most recent figure standing at 17.37% for Q1 2026.

  • On a quarterly basis, Gross Margin fell 471.0% year-over-year to 17.37% in Q1 2026; TTM through Mar 2026 was 19.74%, a 491.0% decrease from a year earlier, with the FY2025 full-year figure at 20.92%, down 491.0% from the prior year.
  • Gross Margin declined to 17.37% in Q1 2026 per LBRT's latest filing, from 20.61% in the prior quarter.
  • Across five years, Gross Margin topped out at 30.25% in Q2 2023 and bottomed at 6951.17% in Q1 2024.
  • The 5-year median for Gross Margin is 24.28% (2022), against an average of 386.24%.
  • Across the five-year window, Gross Margin soared 4219567 bps in 2022 and tumbled 698078 bps in 2024, its largest moves.
  • Year by year, Gross Margin stood at 27.31% in 2022, then grew by 1 bps to 27.69% in 2023, then slipped by 23 bps to 21.39% in 2024, then slipped by 4 bps to 20.61% in 2025, then retreated by 16 bps to 17.37% in 2026.
  • Per Business Quant, the three latest LBRT Gross Margin figures stand at 17.37% (Q1 2026), 20.61% (Q4 2025), and 18.75% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Slb 78.08 Bn 74.69 Bn 5.38 Bn 61.69%
2 Tenaris 58.18 Bn 46.31 Bn 1.05 Bn 33.87%
3 TechnipFMC 30.64 Bn 29.36 Bn 1.64 Bn 65.69%
4 Halliburton 27.87 Bn 25.86 Bn 2.04 Bn 37.69%
5 Nov 7.48 Bn 6.14 Bn 379.00 Mn 18.47%
6 Weatherford International 6.35 Bn 5.21 Bn 776.00 Mn 70.23%
7 Archrock 6.34 Bn 6.34 Bn 247.42 Mn 66.20%
8 Oceaneering International 5.28 Bn 4.67 Bn 127.27 Mn 18.38%
9 Kodiak Gas Services 5.09 Bn 4.99 Bn 222.88 Mn 64.46%
10 Liberty Energy 2.84 Bn 2.14 Bn 177.37 Mn 17.37%

Historic Data

Download Data
DateValue
Mar 31, 2026 17.37%
Dec 31, 2025 20.61%
Sep 30, 2025 18.75%
Jun 30, 2025 22.10%
Mar 31, 2025 22.08%
Dec 31, 2024 21.39%
Sep 30, 2024 26.20%
Jun 30, 2024 27.94%
Mar 31, 2024 -6,951.17%
Dec 31, 2023 27.69%
Sep 30, 2023 30.07%
Jun 30, 2023 30.25%
Mar 31, 2023 29.61%
Dec 31, 2022 27.31%
Sep 30, 2022 26.41%
Jun 30, 2022 24.28%
Mar 31, 2022 13.04%
Dec 31, 2021 74.20%
Sep 30, 2021 9.18%
Jun 30, 2021 10.21%