Liberty Energy (LBRT) Gross Margin (2017 - 2026)
Liberty Energy (LBRT) posted Gross Margin of 17.53% for Q2 2026, up 0.92% on a QoQ basis from 17.37% in Q1 2026, and down 457.0% year-over-year from 4.91% in Q2 2025.
Analysis
Liberty Energy (LBRT) Gross Margin (2017 - 2026) Analysis & Trends
Liberty Energy has reported Gross Margin for 10 years, with the latest figure at 17.53% in Q2 2026.
- On a quarterly basis, Gross Margin fell 457.0% year-over-year to 17.53% in Q2 2026; TTM through Jun 2026 was 18.53%, a 454.0% decrease from a year earlier, with the FY2025 full-year figure at 20.92%, down 491.0% from the prior year.
- Gross Margin was 17.53% for Q2 2026 at Liberty Energy, up from 17.37% in the prior quarter.
- The five-year high for Gross Margin was 30.25% in Q2 2023, with the low at 15.48% in Q1 2022.
- Average Gross Margin over 5 years is 24.01%, with a median of 25.24% recorded in 2022.
- The sharpest annual moves came in 2022 and 2025: Gross Margin surged 2024 bps in 2022, then sank 745 bps in 2025.
- Over 5 years, Gross Margin stood at 27.31% in 2022, then increased by 1 bps to 27.69% in 2023, then dropped by 23 bps to 21.39% in 2024, then dropped by 4 bps to 20.61% in 2025, then dropped by 15 bps to 17.53% in 2026.
- The last three Gross Margin figures came in at 17.53% (Q2 2026), 17.37% (Q1 2026), and 20.61% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.96 Bn | 78.89 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 58.89 Bn | 43.16 Bn | 1.58 Bn | 23.46% |
| 3 | Halliburton | 30.15 Bn | 28.11 Bn | 2.10 Bn | 36.80% |
| 4 | Weatherford International | 6.45 Bn | 5.32 Bn | 662.00 Mn | 59.91% |
| 5 | Kodiak Gas Services | 6.11 Bn | 5.97 Bn | 246.76 Mn | 63.09% |
| 6 | Tidewater | 4.57 Bn | 3.95 Bn | 161.54 Mn | 47.19% |
| 7 | USA Compression Partners | 4.02 Bn | 4.01 Bn | 217.36 Mn | 63.53% |
| 8 | Liberty Energy | 3.44 Bn | 2.89 Bn | 208.34 Mn | 17.53% |
| 9 | National Energy Services Reunited | 3.39 Bn | 3.21 Bn | 81.29 Mn | 15.61% |
| 10 | Select Water Solutions | 2.80 Bn | 2.77 Bn | 76.84 Mn | 19.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.53% |
| 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 | 27.07% |
| 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 | 15.48% |
| Dec 31, 2021 | 7.08% |
| Sep 30, 2021 | 9.18% |