Invesaro

Stocks Comparison

Liberty Energy vs Select Water Solutions: revenue, profit, margins and growth compared

Liberty Energy brought in $4B of revenue in fiscal 2025, Select Water Solutions $1.4B in fiscal 2025. Revenue changed by -7.2% at Liberty Energy and -3.1% at Select Water Solutions on the year before, so Select Water Solutions grew faster. Liberty Energy kept 3.7% of its revenue as net profit, Select Water Solutions 1.5%. Free cash flow was $14.1M at Liberty Energy and -$79.9M at Select Water Solutions.

Side by side, latest fiscal year

LBRTWTTR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4B$1.4B
Revenue growth-7.2%-3.1%
Net income$147.9M$21.2M
Net margin3.7%1.5%
Free cash flow$14.1M-$79.9M
Free cash flow margin0.4%-5.7%
Earnings per share (diluted)$0.89n/a
Cash$27.6M$18.1M
Debt$246.6M$320M
Price to earnings21.3n/a
Market value$3.1B$2.7B
Dividend yield1.74%n/a
Rank by revenue in sector#35 of 129 · Energy#69 of 129 · Energy

Over the years

Revenue
LBRT FY2018: $2.2BLBRT FY2019: $2BLBRT FY2020: $965.8MLBRT FY2021: $2.5BLBRT FY2022: $4.1BLBRT FY2023: $4.7BLBRT FY2024: $4.3BLBRT FY2025: $4BWTTR FY2018: $1.5BWTTR FY2019: $1.3BWTTR FY2020: $605.1MWTTR FY2021: $764.6MWTTR FY2022: $1.4BWTTR FY2023: $1.6BWTTR FY2024: $1.5BWTTR FY2025: $1.4BFY18FY19FY20FY21FY22FY23FY24FY25
LBRT $4BWTTR $1.4B
Net income
LBRT FY2018: $126.3MLBRT FY2019: $39MLBRT FY2020: -$115.6MLBRT FY2021: -$179.2MLBRT FY2022: $399.6MLBRT FY2023: $556.3MLBRT FY2024: $316MLBRT FY2025: $147.9MWTTR FY2018: $36.5MWTTR FY2019: $2.8MWTTR FY2020: -$338.7MWTTR FY2021: -$42.2MWTTR FY2022: $48.3MWTTR FY2023: $74.4MWTTR FY2024: $30.6MWTTR FY2025: $21.2MFY18FY19FY20FY21FY22FY23FY24FY25
LBRT $147.9MWTTR $21.2M
Net margin
LBRT FY2018: 5.9%LBRT FY2019: 2.0%LBRT FY2020: -12.0%LBRT FY2021: -7.3%LBRT FY2022: 9.6%LBRT FY2023: 11.7%LBRT FY2024: 7.3%LBRT FY2025: 3.7%WTTR FY2018: 2.4%WTTR FY2019: 0.2%WTTR FY2020: -56.0%WTTR FY2021: -5.5%WTTR FY2022: 3.5%WTTR FY2023: 4.7%WTTR FY2024: 2.1%WTTR FY2025: 1.5%FY18FY19FY20FY21FY22FY23FY24FY25
LBRT 3.7%WTTR 1.5%
Revenue growth
LBRT FY2019: -7.6%LBRT FY2020: -51.5%LBRT FY2021: +155.8%LBRT FY2022: +67.9%LBRT FY2023: +14.4%LBRT FY2024: -9.1%LBRT FY2025: -7.2%WTTR FY2019: -15.5%WTTR FY2020: -53.2%WTTR FY2021: +26.4%WTTR FY2022: +81.5%WTTR FY2023: +14.3%WTTR FY2024: -8.4%WTTR FY2025: -3.1%FY19FY20FY21FY22FY23FY24FY25
LBRT -7.2%WTTR -3.1%
Free cash flow
LBRT FY2018: $92.4MLBRT FY2019: $65.9MLBRT FY2020: -$18.2MLBRT FY2021: -$63.3MLBRT FY2022: $78.5MLBRT FY2023: $411.3MLBRT FY2024: $178.3MLBRT FY2025: $14.1MWTTR FY2018: $67MWTTR FY2019: $93.8MWTTR FY2020: $84.6MWTTR FY2021: -$56.2MWTTR FY2022: -$38.7MWTTR FY2023: $149.5MWTTR FY2024: $61.7MWTTR FY2025: -$79.9MFY18FY19FY20FY21FY22FY23FY24FY25
LBRT $14.1MWTTR -$79.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Liberty Energy and Select Water Solutions

Which is bigger by revenue, Liberty Energy or Select Water Solutions?

Liberty Energy is bigger by revenue: $4B in fiscal 2025, against $1.4B for Select Water Solutions in fiscal 2025.

Which keeps more of its revenue as profit, Liberty Energy or Select Water Solutions?

Liberty Energy had a net margin of 3.7% in fiscal 2025; Select Water Solutions had 1.5% in fiscal 2025.

Which grew revenue faster, Liberty Energy or Select Water Solutions?

In their latest fiscal years revenue changed by -7.2% at Liberty Energy and -3.1% at Select Water Solutions.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies