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| Date | Value |
|---|---|
| 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% |