Liberty Energy vs Weatherford International
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The short version
- Weatherford International is the larger business, with $4.9B of revenue in fiscal 2025 against $4.0B for Liberty Energy.
- Liberty Energy grew revenue faster (−7.2%, against −10.8%).
- Weatherford International kept more of each dollar of sales as operating profit (15.4% operating margin, against 1.8%).
- Weatherford International turned more of its sales into free cash flow (9.2% FCF margin, against 0.4%).
- Weatherford International earned a higher return on the capital invested in it (29.7%, against 2.2%).
- Investors pay more for each dollar of Liberty Energy’s earnings: a P/E of 65.0x against 15.5x for Weatherford International.
| Latest fiscal year | LBRT · FY25 | WFRD · FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.5B | $6.3B |
| Revenue | $4.0B | $4.9B |
| Free cash flow | $14.1M | $450M |
| Net income | $148M | $431M |
| Growth | ||
| Revenue growth | −7.2% | −10.8% |
| 5-year growth | 32.9% | 5.9% |
| Share count change | −2.4% | −3.1% |
| Profitability | ||
| Gross margin | 20.9% | — |
| Operating margin | 1.8% | 15.4% |
| Net margin | 3.7% | 8.8% |
| FCF margin | 0.4% | 9.2% |
| Return on capital | 2.2% | 29.7% |
| Return on equity | 7.3% | 28.9% |
| Balance sheet | ||
| Net debt | $527M | $498M |
| Net debt / EBITDA | 0.9x | 0.5x |
| Dividends and buybacks | $79.4M | $173M |
| Valuation & quality | ||
| P/E | 65.0x | 15.5x |
| Piotroski F-score | 4 | 6 |
Revenue
FY16
LBRT $375M
WFRD $5.7B
FY17
LBRT $1.5B
WFRD $5.7B
FY18
LBRT $2.2B
WFRD $5.7B
FY19
LBRT $2.0B
WFRD $5.0B
FY20
LBRT $966M
WFRD $3.7B
FY21
LBRT $2.5B
WFRD $3.6B
FY22
LBRT $4.1B
WFRD $4.3B
FY23
LBRT $4.7B
WFRD $5.1B
FY24
LBRT $4.3B
WFRD $5.5B
FY25
LBRT $4.0B
WFRD $4.9B
LBRT
WFRD
Operating margin
FY16
LBRT −14.5%
WFRD −39.1%
FY17
LBRT 12.2%
WFRD −38.1%
FY18
LBRT 14.2%
WFRD −36.3%
FY19
LBRT 5.2%
WFRD −23.9%
FY20
LBRT −18.3%
WFRD −40.3%
FY21
LBRT −7.3%
WFRD 3.2%
FY22
LBRT 12.0%
WFRD 9.5%
FY23
LBRT 16.0%
WFRD 16.0%
FY24
LBRT 9.0%
WFRD 17.0%
FY25
LBRT 1.8%
WFRD 15.4%
LBRT
WFRD
Free cash flow
FY16
LBRT −$143M
WFRD −$508M
FY17
LBRT −$117M
WFRD −$613M
FY18
LBRT $92.4M
WFRD −$428M
FY19
LBRT $65.9M
WFRD −$997M
FY20
LBRT −$18.2M
WFRD $56.0M
FY21
LBRT −$63.3M
WFRD $237M
FY22
LBRT $78.5M
WFRD $217M
FY23
LBRT $411M
WFRD $623M
FY24
LBRT $178M
WFRD $493M
FY25
LBRT $14.1M
WFRD $450M
LBRT
WFRD
Return on capital
FY16
LBRT —
WFRD −17.8%
FY17
LBRT —
WFRD −22.7%
FY18
LBRT 35.3%
WFRD −33.3%
FY19
LBRT 11.1%
WFRD —
FY20
LBRT −12.7%
WFRD —
FY21
LBRT −10.5%
WFRD 4.2%
FY22
LBRT 32.5%
WFRD 10.8%
FY23
LBRT 30.1%
WFRD 39.0%
FY24
LBRT 13.5%
WFRD 36.3%
FY25
LBRT 2.2%
WFRD 29.7%
LBRT
WFRD
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.