Liberty Energy vs NOV
NOV is the larger business, with $8.74bn of revenue in fiscal 2025 against $4.01bn for Liberty Energy (2.2 times as much). NOV grew faster (-1.4% against -7.2%). Liberty Energy kept more of each dollar of sales as profit: a net margin of 3.7% against 1.7%. Liberty Energy carries less debt relative to equity (11.9% against 27.6%).
| Latest fiscal year | Liberty EnergyLBRT, 2025 | NOVNOV, 2025 |
|---|---|---|
| Revenue | $4.01bn | $8.74bn |
| Revenue growth | -7.2% | -1.4% |
| Net income | $148m | $145m |
| Operating margin | 1.8% | 5.6% |
| Net margin | 3.7% | 1.7% |
| Return on equity | 7.3% | 2.3% |
| Free cash flow | $14.1m | $876m |
| Cash | $27.6m | $1.55bn |
| Total debt | $247m | $1.73bn |
| Debt to equity | 11.9% | 27.6% |
| Dividend per share | $0.33 | $0.51 |
| Dividend yield | 2.5% | 2.3% |
| Share buybacks | $24.9m | $315m |
| Employees | — | — |
| Market value | $2.45bn | $6.67bn |
| Price vs our value range | — | Below our value range |
| Moat score | 26 (Weak) | 32 (Weak) |
| Insider trades, 12 months | 3 buys, 13 sales | 2 buys, 6 sales |