Liberty Energy (LBRT) Return on Invested Capital [ROIC] (2018 - 2026)
Liberty Energy's Return on Invested Capital [ROIC] was 1.27% in Q2 2026, down 5.43 percentage points from 6.70% a year earlier and down 0.82 percentage points from the prior quarter.
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Analysis
Liberty Energy (LBRT) Return on Invested Capital [ROIC] (2018 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Liberty Energy came in at 2.45%, down 12.25 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now declined for three consecutive years, though with a five-year change of +15.35 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 14.71% in FY2024 (-16.45 pp), 31.15% in FY2023 (-1.17 pp), 32.32% in FY2022 (+45.41 pp) and -13.09% in FY2021 (-0.20 pp).
- The Q2 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] since Q2 2022.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for 11 straight quarters, with an average year-over-year change of -12.56 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q1 2023 (a gain of 46.98 percentage points); the worst was Q3 2024 (a drop of 16.00 percentage points).
- Per Business Quant data, LBRT's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was 2.09% (Q1 2026), 2.37% (Q4 2025) and 2.71% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 72.34 Bn | 69.45 Bn | 1.40 Bn | 9.52% |
| 2 | Baker Hughes | 55.59 Bn | 18.87 Bn | 1.58 Bn | 8.85% |
| 3 | TechnipFMC | 27.02 Bn | 23.17 Bn | 684.70 Mn | -134.40% |
| 4 | Halliburton | 26.54 Bn | 18.29 Bn | 804.00 Mn | 17.98% |
| 5 | Nov | 6.72 Bn | 1.51 Bn | 521.00 Mn | 1.65% |
| 6 | Noble | 6.50 Bn | 4.43 Bn | 239.27 Mn | 4.10% |
| 7 | Transocean | 5.76 Bn | 3.47 Bn | 358.00 Mn | -7.40% |
| 8 | Weatherford International | 5.72 Bn | 1.66 Bn | 333.00 Mn | 15.72% |
| 9 | Kodiak Gas Services | 5.48 Bn | 5.25 Bn | 246.76 Mn | 6.19% |
| 10 | Liberty Energy | 3.15 Bn | 1.86 Bn | 208.34 Mn | 1.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.27% |
| Mar 31, 2026 | 2.09% |
| Dec 31, 2025 | 2.37% |
| Sep 30, 2025 | 2.71% |
| Jun 30, 2025 | 6.70% |
| Mar 31, 2025 | 10.57% |
| Dec 31, 2024 | 14.32% |
| Sep 30, 2024 | 17.94% |
| Jun 30, 2024 | 21.57% |
| Mar 31, 2024 | 24.53% |
| Dec 31, 2023 | 28.84% |
| Sep 30, 2023 | 33.94% |
| Jun 30, 2023 | 37.18% |
| Mar 31, 2023 | 37.32% |
| Dec 31, 2022 | 29.37% |
| Sep 30, 2022 | 14.16% |
| Jun 30, 2022 | 0.53% |
| Mar 31, 2022 | -9.66% |
| Dec 31, 2021 | -13.59% |
| Sep 30, 2021 | -12.97% |
API Access
Liberty Energy Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=LBRT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=LBRT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();