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Liberty Global

LBTYA Nasdaq Cable & Satellite Financials FY2016–FY2025

Liberty Global's revenue rose 12.4% to $4.9 billion in fiscal 2025. Its operating margin was −0.5%, up from −1.4% a year earlier. Free cash flow was −$132 million, against $1.1 billion a year earlier. It paid out $192 million in dividends and buybacks. The diluted share count fell 8.8%.

Last close · Oct 23, 2026

$7.86

3.4%
Value it Compare
Revenue Total sales reported in the income statement.
$4.9B
12.4% vs prior year
Operating margin Operating income as a share of revenue.
−0.5%
0.9 pts
Net income Profit after all expenses, interest and tax.
−$7.1B
549.5%
Free cash flow Cash from operations minus capital spending.
−$132M
111.7%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
−0.1%
0.2 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$2.7B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
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What Liberty Global does

No business description yet.

Legal name
Liberty Global Ltd.
Fiscal year ends
December 31, 2025
Latest annual report
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Accession · CIK
0001570585-26-000014
0001570585

Revenue and margins

Liberty Global had $4.9B of revenue in fiscal 2025, up 12.4% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was −$132M in fiscal 2025, −2.7% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Liberty Global returned $192M to shareholders in fiscal 2025. The diluted share count fell 8.8%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Liberty Global yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

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Adds net cash of −$6.4B and divides by 342.3M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably Liberty Global can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $3.2B$4.3B$3.4B$2.2B$2.2B
Debt incl. finance leases $14.8B$13.8B$9.3B$9.1B$8.6B
Net debt / EBITDA 3.2x7.8x6.5x7.4x6.3x
Debt / equity 0.6x0.6x0.5x0.7x0.9x
Interest coverage 1.5x0.2x−0.4x−0.1x−0.1x
Current ratio 1.5x1.6x1.3x1.1x1.1x
Quick ratio 1.5x1.6x1.3x1.1x1.1x
Total assets $46.9B$42.9B$42.1B$25.4B$22.6B
Total liabilities $21.3B$20.3B$23.1B$12.9B$12.7B
Shareholders' equity $25.9B$22.4B$19.1B$12.4B$9.7B
Net debt (− = net cash) $11.6B$9.4B$5.9B$6.9B$6.4B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$5.1M

4 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Jun 16, 2026 Wargo J DavidDirector Sold 55,000 $11.54 $0.6M Form 4
Jun 11, 2026 Charles H R BrackenEVP & CFO Sold 115,459 $11.80 $1.4M Form 4
May 5, 2026 Jason WaldronSVP & CAO Sold 26,311 $11.75 $0.3M Form 4
Mar 20, 2026 Paul A GouldDirector Sold 20,000 $11.49 $0.2M Form 4
Mar 19, 2026 Paul A GouldDirector Sold 25,000 $11.81 $0.3M Form 4
Mar 18, 2026 Paul A GouldDirector Sold 55,000 $11.99 $0.7M Form 4
Mar 17, 2026 Paul A GouldDirector Sold 100,000 $12.19 $1.2M Form 4
Dec 8, 2025 Charles H R BrackenEVP & CFO Sold 33,220 $11.18 $0.4M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✕ ✓ ✕
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✕
Current ratio rose ✕ ✕ ✓
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✕ ✕ ✕
Revenue rose relative to assets ✓ ✓ ✓
F-score 5 / 96 / 95 / 9
Accruals ratio −14.6%−1.3%−34.8%
Altman Z'' 2.222.621.62

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Liberty Global LBTYA $2.7B 12.4% −0.5% −2.7% −0.1% — 5
Versant Media Group VSNT $4.4B −5.3% 19.0% 27.7% 8.7% — — Compare →
Charter Communications CHTR $13.2B −0.6% 23.6% 8.1% 8.7% 2.8x 6 Compare →
Comcast CMCSA $80.8B −0.0% 16.7% 17.7% 8.9% 7.2x 7 Compare →
Roblox RBLX $37.9B 35.8% −25.2% 27.7% — — 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $13.7B $11.3B $12.0B $11.5B $11.5B $10.3B $4.0B $4.1B $4.3B $4.9B
Gross profit $10.2B $8.3B $8.7B $8.4B $8.2B $7.3B $3.0B $2.8B $2.9B $3.2B
Operating income $1.6B $792M $839M $660M $2.0B $1.3B $110M −$314M −$60.1M −$23.3M
Interest expense $1.9B $1.4B $1.5B $1.4B $1.2B $882M $589M $908M $575M $498M
Pretax income $243M −$2.1B $162M −$1.2B −$1.8B $14.0B $1.2B −$3.4B $1.8B −$7.2B
Income tax −$1.4B $239M $1.6B $234M −$276M $473M $407M $213M −$30.8M −$75.8M
Net income $1.7B −$2.8B $725M $11.5B −$1.6B $13.4B $1.5B −$4.1B $1.6B −$7.1B
Diluted EPS $1.81 −$2.86 −$1.97 $16.32 −$2.70 $23.59 $2.96 −$9.52 $4.23 −$20.86
Diluted shares 0.90B 0.85B 0.78B 0.71B 0.60B 0.57B 0.50B 0.43B 0.38B 0.34B
Cash flow
Cash from operations $5.9B $5.7B $6.0B $4.6B $4.2B $3.5B $2.8B $2.2B $2.0B $1.2B
Capital expenditure $1.5B $1.3B $1.5B $1.2B $1.3B $1.4B $891M $922M $909M $1.3B
Free cash flow $4.4B $4.5B $4.5B $3.4B $2.9B $2.1B $1.9B $1.2B $1.1B −$132M
Depreciation and amortization $4.1B $3.8B $3.9B $3.5B $2.2B $2.4B $1.1B $1.2B $1.0B $1.0B
Stock-based compensation $268M $162M $206M $306M $348M $308M $163M $205M $168M $169M
Acquisitions $1.4B $414M $82.5M $23.1M $5.3B $70.8M $0.0M $0.0M $199M $0.0M
Share buybacks $2.0B $3.0B $2.0B $3.2B $1.1B $1.6B $1.7B $1.5B $690M $192M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $2.0B $3.0B $2.0B $3.2B $1.1B $1.6B $1.7B $1.5B $690M $192M
Balance sheet
Cash and short-term investments $1.1B $1.7B $1.5B $8.1B $2.9B $3.2B $4.3B $3.4B $2.2B $2.2B
Total debt $36.3B $32.0B $29.2B $27.6B $14.4B $14.3B $13.3B $9.2B $9.1B $8.6B
Finance lease liabilities $0.0M $0.0M $0.0M $617M $550M $484M $436M $26.0M $34.1M $33.1M
Current assets $7.1B $4.3B $4.1B $10.6B $5.8B $5.9B $6.3B $5.6B $3.3B $3.4B
Current liabilities $9.7B $10.0B $10.3B $8.7B $4.5B $4.1B $3.9B $4.3B $3.1B $3.2B
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $17.2B $14.1B $13.9B $13.8B $7.6B $7.0B $6.5B $4.4B $4.3B $5.3B
Total assets $68.7B $57.6B $53.2B $49.0B $59.1B $46.9B $42.9B $42.1B $25.4B $22.6B
Total liabilities $54.0B $51.2B $49.0B $35.8B $45.8B $21.3B $20.3B $23.1B $12.9B $12.7B
Shareholders' equity $13.8B $6.8B $4.7B $13.6B $13.7B $25.9B $22.4B $19.1B $12.4B $9.7B
Margins
Gross margin 74.5% 73.6% 72.9% 72.9% 71.2% 70.7% 73.5% 68.8% 66.6% 65.8%
Operating margin 11.4% 7.0% 7.0% 5.7% 17.6% 12.8% 2.7% −7.6% −1.4% −0.5%
EBITDA margin 41.4% 40.6% 39.3% 36.4% 36.9% 35.6% 30.0% 21.9% 21.7% 20.8%
Net margin 12.4% −24.6% 6.1% 99.8% −14.1% 130.2% 36.7% −98.4% 36.6% −146.3%
FCF margin 32.1% 39.5% 37.7% 29.6% 25.1% 20.8% 48.5% 30.2% 25.9% −2.7%
Returns
Return on capital 3.0% 1.4% 1.2% 1.6% 5.5% 4.1% 0.2% −0.9% −0.3% −0.1%
Return on capital employed 2.7% 1.5% 1.9% 1.6% 4.3% 2.7% 0.3% −0.8% −0.2% −0.1%
Return on equity 14.0% −27.0% 12.6% 126.0% −11.9% 67.8% 6.1% −19.5% 10.1% −64.6%
Return on assets 2.5% −4.4% 1.3% 22.6% −3.0% 25.3% 3.3% −9.5% 4.7% −29.7%
Growth
Revenue growth −19.5% −17.9% 6.0% −3.5% 0.0% −10.7% −61.0% 2.5% 5.5% 12.4%
Net income growth — −262.9% — 1,488.5% −114.1% — −89.0% −375.0% — −549.5%
EPS growth — −258.0% — — −116.5% — −87.5% −421.6% — −593.1%
FCF growth 27.2% 1.3% 1.2% −24.2% −15.3% −26.0% −9.1% −36.1% −9.6% −111.7%
Share count change — −5.8% −8.2% −9.4% −14.7% −5.5% −12.7% −14.4% −11.9% −8.8%
Financial health
Net debt / EBITDA 6.2x 6.6x 5.9x 4.8x 2.8x 3.2x 7.8x 6.5x 7.4x 6.3x
Debt / equity 2.6x 4.7x 6.2x 2.1x 1.1x 0.6x 0.6x 0.5x 0.7x 0.9x
Interest coverage 0.8x 0.6x 0.6x 0.5x 1.7x 1.5x 0.2x −0.4x −0.1x −0.1x
Current ratio 0.7x 0.4x 0.4x 1.2x 1.3x 1.5x 1.6x 1.3x 1.1x 1.1x
Quick ratio 0.7x 0.4x 0.4x 1.2x 1.3x 1.5x 1.6x 1.3x 1.1x 1.1x
Capital allocation
Capex / revenue 11.2% 11.1% 12.2% 10.1% 11.2% 13.7% 22.2% 22.4% 20.9% 27.5%
Stock comp / revenue 2.0% 1.4% 1.7% 2.7% 3.0% 3.0% 4.1% 5.0% 3.9% 3.5%
Payouts / FCF 44.7% 66.8% 44.6% 94.2% 37.1% 73.8% 87.5% 120.2% 61.4% —
Quality scores
Piotroski F-score — 4.0 6.0 7.0 6.0 5.0 6.0 5.0 6.0 5.0
Altman Z'' 0.0 −0.8 −0.9 1.2 0.9 3.0 3.0 2.2 2.6 1.6
Accruals ratio −6.2% −13.4% −9.5% 13.6% −10.8% 18.6% −3.0% −14.6% −1.3% −34.8%

Source: SEC EDGAR XBRL filings (CIK 0001570585). Data updated October 12, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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