The Filing Desk

Liberty Energy vs Oceaneering International

Liberty Energy LBRT · Oceaneering International OII · Oil & Gas Equipment & Services

Liberty Energy reported revenue of $4.0 billion in fiscal 2025, 1.4 times Oceaneering International's $2.8 billion in fiscal 2025. Liberty Energy's revenue fell 7.2% in its latest year, and Oceaneering International's grew 4.6%. Liberty Energy had an operating margin of 1.8%, against 10.9% at Oceaneering International. Free cash flow was $14 million at Liberty Energy and $208 million at Oceaneering International.

Side by side

Liberty EnergyOceaneering International
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$4.0B$2.8B
Revenue growth−7.2%4.6%
Revenue growth a year, last 5 years32.9%8.8%
Gross margin20.9%20.4%
Operating margin1.8%10.9%
Net margin3.7%12.7%
Free cash flow$14M$208M
Free cash flow margin0.3%7.5%
Return on capital2.2%38.9%
Net debt to EBITDA0.9x−0.5x
Dividends and buybacks$79M$40M
Change in diluted share count−2.4%−1.1%
Last close$16.07$40.24
P/E at the last close67.0×12.3×
Insider trades, last 12 monthsbought $500,057, sold $3.2 millionsold $11.0 million
Piotroski F-score4 of 98 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Liberty EnergyOceaneering International
Operating margin
Percent of revenue
Liberty EnergyOceaneering International
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Liberty EnergyOceaneering International

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Liberty Energy and Oceaneering International pages.