Liberty Energy Inc. Financial Ratios — 2LO Stock

Profitability (USD)

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	30.6	7.9	-13.55	-15.17	29.51	33.35	16.54	7.29
Return on Assets (%)	- -	- -	- -	12.84	3.25	-7.28	-9.12	17.31	19.83	9.98	4.31
Return on Capital (%)	- -	- -	2.75	3.82	1.95	- -	- -	- -	28.27	14.36	6.85
Return on Invested Capital (%)	- -	- -	39.31	36.73	9.51	- -	- -	- -	28.02	12.65	2.09
Gross Margin (%)	5.63	-5.69	17.54	18.62	10.24	-7.48	-1.7	16.32	20.58	14.13	8.43
EBITDA Margin (%)	7.22	-3.49	17.63	20.03	13.51	0.32	3.3	19.74	24.9	20.73	14.3
Operating Margin (%)	-0.69	-15.24	12.17	14.05	5.34	-16.19	-6.69	11.98	15.92	8.9	2.25
Incremental Operating Margin (%)	- -	66.93	21.38	18.27	119.34	25.63	- -	39.47	43.18	85.84	95.1
Pretax Margin (%)	-1.99	-16.16	11.31	13.43	4.47	-19.83	-7.2	9.63	15.48	9.35	4.87
Profit Margin (%)	-1.99	- -	- -	5.86	1.96	-11.97	-7.25	9.63	11.72	7.32	3.69
Net Income to Common Margin (%)	-1.99	- -	- -	5.86	1.96	-11.97	-7.25	9.63	11.72	7.32	3.69
Effective Tax Rate (%)	- -	- -	- -	13.95	15.8	- -	- -	- -	24.29	21.64	24.24
Dvd Payout Ratio (%)	- -	- -	- -	1.9	13.34	-2.15	-0.09	2.29	6.77	15.29	36.84
Sustainable Growth Rate (%)	- -	- -	- -	30.02	6.84	-13.85	-15.18	28.84	31.09	14.01	4.6

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	110	104	196	107	207	212	244	349	405	534	618
ST Debt	23	13	- -	- -	40	44	41	40	67	95	122
LT Debt	87	91	196	106	167	167	203	309	338	438	497
Total Debt/EBITDA	3.35	-7.95	0.75	0.25	0.77	69.19	2.99	0.43	0.34	0.6	1.08
Net Debt/EBITDA	3.18	-7.06	0.69	0.01	-0.02	12.03	1.26	0.21	0.09	0.19	0.38
Total Debt/EBIT	-30.96	-1.91	1.08	0.35	2	-1.2	-1.34	0.7	0.53	1.37	8.5
Net Debt/EBIT	-29.38	-1.7	0.99	0.01	-0.06	-0.21	-0.57	0.35	0.14	0.44	3.01
EBITDA to Interest Expense	5.98	-2.13	20.7	24.63	15.38	0.21	5.23	36.05	40.08	27.36	14.22
EBITDA-CapEx/Interest Expense	-1.02	-2.13	20.7	24.63	4.22	-6.81	-8.36	15.83	19.62	7.45	-0.56
EBIT to Interest Expense	-0.57	-9.32	14.29	17.28	6.07	-10.59	-10.59	21.89	25.62	11.75	2.24
Interest Expense	6	6	13	18	17	15	16	23	29	33	40
Common Equity/Total Assets	45.14	50.67	46.09	38.79	43.23	60.88	59.45	58.04	60.7	60.03	58.42
Long-Term Debt/Equity (%)	65.23	39.78	49.99	14.33	21.41	12.76	16.49	20.65	18.35	22.15	23.89
Long-Term Debt/Capital (%)	35.79	27.36	33.33	12.53	16.92	10.99	13.76	16.75	15.04	17.45	18.41
Long-Term Debt/Total Assets (%)	29.44	20.16	23.04	9.51	13.04	8.84	9.94	12	11.14	13.3	13.96
Total Debt/Equity (%)	82.23	45.39	49.99	14.38	26.52	16.15	19.8	23.3	22.01	26.97	29.74
Total Debt/Capital (%)	45.12	31.22	33.33	12.57	20.96	13.91	16.53	18.9	18.04	21.24	22.92
Total Debt/Total Assets (%)	37.12	23	23.04	9.54	16.15	11.2	11.94	13.55	13.36	16.19	17.38
Net Debt to Equity	78.02	40.32	45.84	0.43	-0.84	2.81	8.33	11.67	5.61	8.62	10.54
Net Debt/Capital (%)	42.81	28.72	31.43	0.43	-0.75	2.53	7.05	9.7	4.67	6.84	8.21
EBITDA	33	-13	263	432	269	3	82	819	1,182	895	573
EBITDA-CapEx	-6	-13	263	432	74	-101	-130	360	579	243	-22
Operating Income (Loss)	-3	-57	181	303	106	-156	-165	497	756	384	90

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	4.29	10.25	12.33	11.12	4.3	9.1	11.71	12	11.8	11.41
Days Sales Outstanding	- -	85.11	35.61	29.6	32.83	84.82	40.11	31.18	30.42	30.94	31.99
Inventory Turnover	- -	17.76	29.37	30.36	24.05	10.02	19.85	19.89	17.94	18.11	18.74
Days Inventory Outstanding	- -	20.55	12.43	12.02	15.18	36.41	18.39	18.35	20.34	20.16	19.48
Accounts Payable Turnover	- -	11.41	22.89	23.87	18.32	6.87	10.49	11.54	12.13	12.18	10.86
Accounts Payable Turnover Days	- -	31.98	15.94	15.29	19.92	53.13	34.8	31.63	30.1	29.96	33.61
Cash Conversion Cycle	- -	73.68	32.1	26.33	28.08	68.1	23.7	17.89	20.66	21.14	17.86
Inventory to Cash Days	- -	64.56	23.18	17.58	17.65	48.4	21.72	12.83	10.08	10.78	12.5
Inventories	16	28	56	60	89	119	135	214	206	203	188
Raw Materials	13	18	41	33	24	30	41	64	34	28	28
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	4	10	14	27	64	88	93	151	172	175	160

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	- -	11	16	103	113	69	20	44	37	20	28
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	308	227	159	17	2	- -	- -	- -
+ Total Debt	110	104	196	107	207	212	244	349	405	534	618
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	244	333	589	847	989	1,522	1,474	1,846	2,247	2,512	2,697
Total Debt/Capital (%)	45.12	31.22	33.33	12.57	20.96	13.91	16.53	18.9	18.04	21.24	22.92
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	455	375	1,490	2,155	1,990	966	2,471	4,149	4,748	4,315	4,006
TTM EBITDA	33	-13	263	432	269	3	82	819	1,182	895	573
TTM Operating Income	-3	-57	181	303	106	-156	-165	497	756	384	90
TTM Cash Flow to Firm	- -	- -	208	366	276	- -	- -	- -	1,037	855	640
TTM Free Cash Flow to Firm	- -	- -	208	366	81	- -	- -	- -	434	204	45

No data availableFinancial data will appear here once available

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	56	56	69	68	82	158	183	179	167	162	162
Diluted Weighted Avg Shares	118	118	69	118	105	85	174	189	176	169	162
Basic Weighted Avg Shares	68	68	69	69	72	85	174	184	172	165	162
Revenue per Share	6.72	5.53	21.6	31.31	27.52	11.33	14.2	22.51	27.63	26.15	24.73
EBITDA per Share	0.48	-0.19	3.81	6.27	3.72	0.04	0.47	4.44	6.88	5.42	3.54
Operating Income per Share	-0.05	-0.84	2.63	4.4	1.47	-1.83	-0.95	2.7	4.4	2.33	0.56
Basic EPS, GAAP	-0.13	- -	- -	1.84	0.54	-1.36	-1.03	2.17	3.24	1.91	0.91
Basic EPS from Cont Ops	-0.13	-0.89	2.44	3.62	1.03	-1.88	-1.07	2.17	3.24	1.91	0.91
Diluted EPS, GAAP	-0.08	- -	- -	1.07	0.37	-1.36	-1.03	2.11	3.15	1.87	0.91
Diluted EPS from Cont Ops	-0.08	-0.51	2.44	2.11	0.71	-1.88	-1.07	2.11	3.15	1.87	0.91
Dividend per Share	- -	- -	- -	0.1	0.2	0.05	- -	0.05	0.22	0.29	0.34
Cash Flow per Share	0.09	-0.6	2.83	5.1	3.61	1	0.78	2.88	5.9	5.03	3.76
Free Cash Flow per Basic Share	-0.48	-0.6	2.83	5.1	0.91	-0.21	-0.44	0.39	2.39	1.08	0.09
Cash & Equivalents per Share	- -	0.2	0.24	1.51	1.38	0.44	0.11	0.24	0.22	0.12	0.17
Book Value per Share	2.39	4.08	5.69	6.34	6.78	7.28	6.62	8.36	11.05	12.23	12.83
Tangible Book Value per Share	2.39	4.08	5.69	6.34	6.78	7.28	6.62	8.36	11.05	12.23	12.83