Liberty Energy (LBRT) Gross Margin (2017 - 2026)
Liberty Energy (LBRT) recorded Gross Margin of 16.81% in Q3 2026, down 1.94 percentage points from 18.75% a year earlier and down 0.72 percentage points from the prior quarter.
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Analysis
Liberty Energy (LBRT) Gross Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Liberty Energy's Gross Margin came in at 18.02% as of Sep 30, 2026, down 3.09 percentage points year-over-year; for FY2025, it came in at 20.92%, down 4.91 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +9.76 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 25.83% in FY2024 (-3.63 pp), 29.46% in FY2023 (+5.35 pp), 24.11% in FY2022 (+15.17 pp) and 8.94% in FY2021 (-2.22 pp).
- The Q3 2026 figure is the lowest quarterly Gross Margin since Q1 2022.
- On a year-over-year basis, Gross Margin has declined for 11 consecutive quarters, with an average year-over-year change of -4.57 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 20.24 percentage points in Q4 2022, against a drop of 7.45 percentage points in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 17.53% (Q2 2026), 17.37% (Q1 2026) and 20.61% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 73.67 Bn | 71.28 Bn | 1.57 Bn | 16.57% |
| 2 | Baker Hughes | 47.44 Bn | 9.59 Bn | 1.96 Bn | 24.39% |
| 3 | Halliburton | 26.34 Bn | 18.29 Bn | 840.00 Mn | 14.73% |
| 4 | TechnipFMC | 25.18 Bn | 21.15 Bn | 728.70 Mn | 25.16% |
| 5 | Noble | 6.56 Bn | 4.64 Bn | 228.22 Mn | 31.32% |
| 6 | Nov | 6.31 Bn | 1.25 Bn | 439.00 Mn | 19.72% |
| 7 | Weatherford International | 6.11 Bn | 1.89 Bn | 374.00 Mn | 32.72% |
| 8 | Transocean | 5.79 Bn | 3.83 Bn | 348.00 Mn | 37.14% |
| 9 | Valaris | 5.48 Bn | 3.23 Bn | 176.30 Mn | 29.70% |
| 10 | Liberty Energy | 2.04 Bn | 638.74 Mn | 201.11 Mn | 16.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16.81% |
| 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% |
API Access
Liberty Energy Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=LBRT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "LBRT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=LBRT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();