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Liberty Energy (LBRT) operating margin by quarter

Liberty Energy's operating margin was 1.1% in Q2 2026 (second quarter 2026), -1.1 pts from Q1 2026. Over the last 5 quarters it ranged from 1.1% (Q2 2026) to 3.6% (Q2 2025).

Liberty Energy operating margin by quarterLiberty Energy operating margin by quarter1.9%Q1 20253.6%Q2 20251.9%Q4 20252.2%Q1 20261.1%Q2 2026
QuarterOperating marginQ/QY/Y
Q2 20261.1%-1.1 pts-2.5 pts
Q1 20262.2%+0.3 pts+0.3 pts
Q4 20251.9%-1.6 pts—
Q2 20253.6%+1.7 pts—
Q1 20251.9%——

Q2 2026 at a glance

Liberty Energy, Q2 2026: revenue $1.2B (+14% year over year), operating margin 1.1%, net earnings $43.1M, operating cash flow $133M. The chart follows the revenue to costs, profit and cash.

Questions

What is Liberty Energy's operating margin?

Liberty Energy's operating margin was 1.1% in Q2 2026 (second quarter 2026), -1.1 pts from Q1 2026.

How has Liberty Energy's operating margin changed?

Over the last 5 quarters it ranged from 1.1% (Q2 2026) to 3.6% (Q2 2025).

Q2 2026 results → · How Liberty Energy makes money →