Liberty Energy (LBRT) Return on Capital Employed [ROCE] (2018 - 2026)
Liberty Energy (LBRT) posted Return on Capital Employed [ROCE] of 1.43% for Q2 2026, down 5.77 percentage points from 7.20% a year earlier and down 0.94 percentage points from the prior quarter.
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Analysis
Liberty Energy (LBRT) Return on Capital Employed [ROCE] (2018 - 2026) Analysis & Trends
For FY2025, Liberty Energy's Return on Capital Employed [ROCE] came in at 2.69%, down 12.90 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] shows a five-year change of +17.07 percentage points (FY2020 to FY2025).
- In prior years, Liberty Energy's Return on Capital Employed [ROCE] was 15.59% in FY2024 (-19.54 pp), 35.13% in FY2023 (+5.23 pp), 29.89% in FY2022 (+42.88 pp) and -12.98% in FY2021 (+1.40 pp).
- The Q2 2026 figure stands as the lowest quarterly Return on Capital Employed [ROCE] since Q2 2022.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined in each of the last ten quarters, with an average year-over-year change of -13.90 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q1 2023, with a gain of 46.54 percentage points; the weakest was Q3 2024, with a drop of 18.28 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was 2.37% (Q1 2026), 2.59% (Q4 2025) and 2.78% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 72.34 Bn | 69.45 Bn | 1.40 Bn | 11.42% |
| 2 | Baker Hughes | 55.59 Bn | 18.87 Bn | 1.58 Bn | 9.65% |
| 3 | TechnipFMC | 27.02 Bn | 23.17 Bn | 684.70 Mn | -133.92% |
| 4 | Halliburton | 26.54 Bn | 18.29 Bn | 804.00 Mn | 13.06% |
| 5 | Nov | 6.72 Bn | 1.51 Bn | 521.00 Mn | 5.00% |
| 6 | Noble | 6.50 Bn | 4.43 Bn | 239.27 Mn | 5.17% |
| 7 | Transocean | 5.76 Bn | 3.47 Bn | 358.00 Mn | -7.15% |
| 8 | Weatherford International | 5.72 Bn | 1.66 Bn | 333.00 Mn | 16.47% |
| 9 | Kodiak Gas Services | 5.48 Bn | 5.25 Bn | 246.76 Mn | 8.25% |
| 10 | Liberty Energy | 3.15 Bn | 1.86 Bn | 208.34 Mn | 1.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.43% |
| Mar 31, 2026 | 2.37% |
| Dec 31, 2025 | 2.59% |
| Sep 30, 2025 | 2.78% |
| Jun 30, 2025 | 7.20% |
| Mar 31, 2025 | 11.20% |
| Dec 31, 2024 | 14.88% |
| Sep 30, 2024 | 19.47% |
| Jun 30, 2024 | 24.17% |
| Mar 31, 2024 | 27.08% |
| Dec 31, 2023 | 31.40% |
| Sep 30, 2023 | 37.74% |
| Jun 30, 2023 | 38.75% |
| Mar 31, 2023 | 37.48% |
| Dec 31, 2022 | 26.09% |
| Sep 30, 2022 | 13.56% |
| Jun 30, 2022 | 0.70% |
| Mar 31, 2022 | -9.06% |
| Dec 31, 2021 | -12.64% |
| Sep 30, 2021 | -11.78% |
API Access
Liberty Energy Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=LBRT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=LBRT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();