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Held by 367 of 5,944 reporting institutions (95th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.01B 100.0% | $4.32B 100.0% | $4.75B 100.0% | $4.15B 100.0% | $2.47B 100.0% | $965.8M 100.0% | $1.99B 100.0% | $2.16B 100.0% | $1.49B 100.0% | $374.8M 100.0% |
| Cost of Revenue | $3.17B 79.1% | $3.20B 74.2% | $3.35B 70.5% | $3.15B 75.9% | $2.25B 91.1% | $858.0M 88.8% | $1.62B 81.5% | $1.63B 75.6% | $1.15B 77.0% | $354.7M 94.7% |
| Selling, General & Admin | $247.4M 6.2% | $225.5M 5.2% | $221.4M 4.7% | $180.0M 4.3% | $123.4M 5.0% | $84.1M 8.7% | $97.6M 4.9% | $98.4M 4.6% | $80.1M 5.4% | $35.8M 9.5% |
| Total Operating Expenses | $3.93B 98.2% | $3.93B 91.0% | $3.99B 84.0% | $3.65B 88.0% | $2.65B 107.3% | $1.14B 118.3% | $1.89B 94.8% | $1.85B 85.8% | $1.31B 87.8% | $429.2M 114.5% |
| Operating Income | $72.7M 1.8% | $389.5M 9.0% | $760.6M 16.0% | $495.9M 12.0% | -$181.2M -7.3% | -$177.0M -18.3% | $103.6M 5.2% | $306.6M 14.2% | $181.1M 12.2% | -$54.4M -14.5% |
| Interest Expense | $40.3M 1.0% | $32.7M 0.8% | $29.5M 0.6% | $22.7M 0.5% | — | $14.5M 1.5% | $14.7M 0.7% | $17.1M 0.8% | $12.6M 0.8% | $6.1M 1.6% |
| Interest & Investment Income | $0 0.0% | $478K 0.0% | $2.0M 0.0% | $0 0.0% | $0 0.0% | $297K 0.0% | $983K 0.0% | $382K 0.0% | $53K 0.0% | — |
| Other Income (Expense), net | $122.5M 3.1% | $13.8M 0.3% | -$25.7M -0.5% | -$96.4M -2.3% | $3.4M 0.1% | -$14.5M -1.5% | -$14.7M -0.7% | — | — | — |
| Pretax Income | $195.2M 4.9% | $403.3M 9.3% | $734.9M 15.5% | $399.5M 9.6% | -$177.8M -7.2% | -$191.5M -19.8% | $88.9M 4.5% | — | — | — |
| Income Tax Expense | $47.3M 1.2% | $87.3M 2.0% | $178.5M 3.8% | -$793K -0.0% | $9.2M 0.4% | -$30.9M -3.2% | $14.1M 0.7% | $40.4M 1.9% | $0 0.0% | $0 0.0% |
| Net Income | $147.9M 3.7% | $316.0M 7.3% | $556.3M 11.7% | $399.6M 9.6% | -$179.2M -7.3% | -$115.6M -12.0% | $39.0M 2.0% | $126.3M 5.9% | $0 0.0% | $0 0.0% |
| Per Share | ||||||||||
| EPS (Basic) | $0.91 | $1.91 | $3.24 | $2.17 | $-1.03 | $-1.36 | $0.54 | $1.84 | — | — |
| EPS (Diluted) | $0.89 | $1.87 | $3.15 | $2.11 | $-1.03 | $-1.36 | $0.53 | $1.81 | — | — |
| Weighted Avg Shares (Basic) | 161.9M | 165.0M | 171.8M | 184.3M | 174.0M | 85.2M | 72.3M | 68.8M | — | — |
| Weighted Avg Shares (Diluted) | 165.4M | 169.4M | 176.4M | 189.3M | 174.0M | 85.2M | 105.3M | 117.8M | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $19.11 today, the market must believe free cash flow compounds 5.1%/yr for a decade (off $201M normalized FCF).
The market's 5.1% is more optimistic than its 7-yr track record.
2-stage DCF · 0.16B shares · net debt $219M
mean 23.8% · volatility σ 227% · implied rate exceeded in 1/5 yrs
Central path = implied 5.1%/yr growth; shaded band = ±1σ (227%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend exceeds free cash flow (386%) — funded from the balance sheet or debt, a red flag if it persists. Last year: $54M dividends + $25M buybacks = $79M returned on $14M FCF.
4 consecutive years of dividend increases · 19%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 6%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $28M covers the $17M due within a year 1.6× over. Scheduled principal only (excludes interest & revolver draws). As of 2026-06-30 (10-Q).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~16.3% on $247M of debt.
Cash of $28M fully covers short-term debt of $5M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Ranked against 238 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XOM | $682.5B | 24.4× | — | 2.0× | -5.0% | — | 8.7% | 11.1% | 10.7% | — | 4,568 |
| SHEL | $544.5B | — | — | — | — | — | — | — | — | — | 1,521 |
| CVX | $391.1B | 31.9× | — | 2.1× | -6.8% | 42.8% | 6.5% | 6.6% | 6.6% | — | 4,121 |
| TTE | $200.4B | — | — | — | — | — | — | — | — | — | 951 |
| COP | $165.9B | 20.9× | — | 2.8× | 7.7% | 62.1% | 13.6% | 12.4% | 12.2% | — | 2,450 |
| PBR | $155.6B | — | — | — | — | — | — | — | — | — | 524 |
| MPC | $126.2B | 31.3× | 10.8× | 0.9× | -4.4% | 10.0% | 3.0% | 23.4% | 20.6% | 0.2× | 1,802 |
| VLO | $124.6B | 53.3× | 23.6× | 1.0× | -5.5% | 4.4% | 1.9% | 9.9% | 7.1% | 1.7× | 1,781 |
| BP | $116.9B | — | — | — | — | — | — | — | — | — | 1,220 |
| EQNR | $110.5B | — | — | — | — | — | — | — | — | — | 398 |
| PSX | $107.4B | 24.5× | — | 0.8× | -7.5% | 12.3% | 3.3% | 15.1% | 14.6% | — | 2,041 |
| WMB | $86.6B | 33.1× | 17.6× | 7.2× | 13.8% | — | 21.9% | 20.4% | 6.3% | 4.4× | 1,736 |
| EPD | $83.3B | — | 12.5× | 1.6× | -6.4% | 26.7% | 11.0% | — | — | 3.7× | 1,573 |
| EOG | $78.7B | 15.9× | 7.7× | 3.5× | -4.5% | — | 22.0% | 16.7% | 13.2% | 0.7× | 1,525 |
| SLB | $78.2B | 22.3× | — | 2.2× | -1.6% | — | 9.4% | 12.9% | 9.4% | — | 1,624 |
| ET | $72.7B | — | 9.8× | 0.8× | 3.5% | 25.8% | 5.2% | 9.0% | 3.8% | 4.8× | 1,244 |
| KMI | $68.4B | 22.4× | 14.0× | 4.0× | 12.2% | — | 18.0% | 9.8% | 4.8% | 4.5× | 1,745 |
| TRGP | $61.1B | 33.5× | 16.2× | 3.6× | 3.9% | 38.3% | 11.3% | 62.7% | 9.4% | 3.6× | 979 |
| TS | $60.4B | — | — | — | — | — | — | — | — | — | 248 |
| LNG | $58.8B | 11.1× | 7.7× | 2.9× | 27.2% | — | 26.7% | 67.3% | 17.3% | 2.2× | 1,303 |
| MPLX | $58.7B | — | — | 4.5× | 8.9% | — | 38.1% | — | — | — | 622 |
| OXY | $58.5B | 36.9× | — | 2.7× | -1.9% | — | 11.0% | 6.6% | 4.2% | — | 1,250 |
| OKE | $58.4B | 17.1× | 12.4× | 1.7× | 55.0% | 30.5% | 10.1% | 15.1% | 6.3% | 4.4× | 1,622 |
| BKR | $55.9B | — | — | 2.0× | -0.3% | — | 9.3% | 13.7% | 13.3% | — | 1,095 |
| FANG | $55.4B | 34.0× | 11.1× | 3.7× | 35.8% | — | 11.1% | 4.5% | 3.2% | 2.3× | 1,141 |
| LBRT | $3.1B | 21.6× | 5.8× | 0.8× | -7.2% | 20.9% | 3.7% | 7.1% | 6.4% | 0.4× | 367 |
Peers = companies sharing LBRT's sector (Energy) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
No material risks flagged.
Where each multiple sits in its own 8-yr range · 78th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 8-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 11.4× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 75.6 | 81.5 | 88.8 | 91.1 | 75.9 | 70.5 | 74.2 | 79.1 |
| SG&A | 4.6 | 4.9 | 8.7 | 5.0 | 4.3 | 4.7 | 5.2 | 6.2 |
| Operating Income | 14.2 | 5.2 | -18.3 | -7.3 | 12.0 | 16.0 | 9.0 | 1.8 |
| Income Tax | 1.9 | 0.7 | -3.2 | 0.4 | -0.0 | 3.8 | 2.0 | 1.2 |
| Net Income | 5.9 | 2.0 | -12.0 | -7.3 | 9.6 | 11.7 | 7.3 | 3.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LBRT: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.