Liberty Energy Inc. — Earnings Quality Grade F
LBRT · Energy
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 32 days, change +2 days YoY
AR outpaced revenue for 2 consecutive years
Revenue -7.2%, CFFO -26.5%. Cash follows revenue
Expense Quality
Inventory -7.5% vs COGS -1.0%. Normal
CapEx growth -8.5% vs revenue -7.2%. Normal
SG&A/Gross Profit = 73.3%, exceeds 70%
Gross margin swung -5.7pp (14.1% → 8.4%)
Cash Flow Quality
CFFO/NI = 4.12. Profits backed by cash
FCF $0.0B, FCF/NI = 0.10
Accruals ratio = -13.0%. Low accruals
Cash $0.0B covers only 4% of debt $0.6B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 0.8x. Healthy
Other assets grew 23.8% vs revenue -7.2%
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -2.76 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25