Liberty Energy (LBRT) Return on Invested Capital [ROIC] (2018 - 2026)
Liberty Energy's Return on Invested Capital [ROIC] was 1.79% in Q3 2026, down 0.93 percentage points from 2.71% a year earlier but up 0.52 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).
- Quarterly Return on Invested Capital [ROIC] has moved between -13.59% (Q4 2021) and 37.32% (Q1 2023) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for 12 straight quarters, with an average year-over-year change of -10.67 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 Q3 2026 was 1.27% (Q2 2026), 2.09% (Q1 2026) and 2.37% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 73.67 Bn | 71.28 Bn | 1.57 Bn | 9.30% |
| 2 | Baker Hughes | 47.44 Bn | 9.59 Bn | 1.96 Bn | 13.18% |
| 3 | Halliburton | 26.34 Bn | 18.29 Bn | 840.00 Mn | 13.16% |
| 4 | TechnipFMC | 25.18 Bn | 21.15 Bn | 728.70 Mn | 35.01% |
| 5 | Noble | 6.56 Bn | 4.64 Bn | 228.22 Mn | 1.51% |
| 6 | Nov | 6.31 Bn | 1.25 Bn | 439.00 Mn | 2.34% |
| 7 | Weatherford International | 6.11 Bn | 1.89 Bn | 374.00 Mn | 16.40% |
| 8 | Transocean | 5.79 Bn | 3.83 Bn | 348.00 Mn | 6.10% |
| 9 | Valaris | 5.48 Bn | 3.23 Bn | 176.30 Mn | 4.43% |
| 10 | Liberty Energy | 2.04 Bn | 638.74 Mn | 201.11 Mn | 1.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.79% |
| 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% |
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();