Liberty Energy (LBRT) Operating Margin (2017 - 2026)
Liberty Energy (LBRT) posted Operating Margin of 1.07% for Q2 2026, down 50.96% on a QoQ basis from 2.18% in Q1 2026, and down 249.0% year-over-year from 0.72% in Q2 2025.
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Liberty Energy (LBRT) Operating Margin (2017 - 2026) Analysis & Trends
Liberty Energy has reported Operating Margin for 10 years, with the latest figure at 1.07% in Q2 2026.
- On a quarterly basis, Operating Margin fell 249.0% year-over-year to 1.07% in Q2 2026; TTM through Jun 2026 was 1.25%, a 332.0% decrease from a year earlier, with the FY2025 full-year figure at 1.81%, down 721.0% from the prior year.
- Operating Margin was 1.07% for Q2 2026 at Liberty Energy, down from 2.18% in the prior quarter.
- The five-year high for Operating Margin was 17.84% in Q1 2023, with the low at 0.26% in Q3 2025.
- Average Operating Margin over 5 years is 8.48%, with a median of 10.09% recorded in 2024.
- The sharpest annual moves came in 2022 and 2025: Operating Margin surged 2547 bps in 2022, then sank 968 bps in 2025.
- Over 5 years, Operating Margin stood at 16.19% in 2022, then declined by 29 bps to 11.51% in 2023, then slumped by 77 bps to 2.64% in 2024, then slipped by 28 bps to 1.91% in 2025, then plunged by 44 bps to 1.07% in 2026.
- The last three Operating Margin figures came in at 1.07% (Q2 2026), 2.18% (Q1 2026), and 1.91% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.35 Bn | 82.46 Bn | 4.63 Bn | 48.02% |
| 2 | Baker Hughes | 63.03 Bn | 47.48 Bn | 1.58 Bn | 12.74% |
| 3 | Halliburton | 30.89 Bn | 28.89 Bn | 2.10 Bn | 13.62% |
| 4 | Weatherford International | 6.88 Bn | 5.75 Bn | 662.00 Mn | 9.68% |
| 5 | Kodiak Gas Services | 6.31 Bn | 6.18 Bn | 246.76 Mn | 31.76% |
| 6 | Tidewater | 4.69 Bn | 4.07 Bn | 161.54 Mn | 18.27% |
| 7 | USA Compression Partners | 3.95 Bn | 3.94 Bn | 217.36 Mn | 29.34% |
| 8 | National Energy Services Reunited | 3.50 Bn | 3.32 Bn | 81.29 Mn | 12.45% |
| 9 | Liberty Energy | 3.36 Bn | 2.80 Bn | 208.34 Mn | 1.07% |
| 10 | Select Water Solutions | 2.55 Bn | 2.61 Bn | 76.84 Mn | 8.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.07% |
| Mar 31, 2026 | 2.18% |
| Dec 31, 2025 | 1.91% |
| Sep 30, 2025 | -0.26% |
| Jun 30, 2025 | 3.56% |
| Mar 31, 2025 | 1.86% |
| Dec 31, 2024 | 2.64% |
| Sep 30, 2024 | 9.42% |
| Jun 30, 2024 | 12.23% |
| Mar 31, 2024 | 10.76% |
| Dec 31, 2023 | 11.51% |
| Sep 30, 2023 | 16.88% |
| Jun 30, 2023 | 17.28% |
| Mar 31, 2023 | 17.84% |
| Dec 31, 2022 | 16.19% |
| Sep 30, 2022 | 15.40% |
| Jun 30, 2022 | 11.73% |
| Mar 31, 2022 | 0.48% |
| Dec 31, 2021 | -9.28% |
| Sep 30, 2021 | -6.05% |