Name: Return on Assets (ROA)

Definition: ROA shows how efficiently the company turns everything it owns — its entire asset base — into net profit after all costs and taxes. A higher ROA means the business squeezes more profit from its assets. Lower ROA might reflect poor asset utilization or heavy reliance on expensive financing.

Interpretation:
• In '2021', LBRT's return on assets was -8.8%, representing returns generated from total assets. Industry average for Oilfield Services/Equipment in '2021' stood at -6.7%.
• In '2022', LBRT's return on assets was 17.3%, representing returns generated from total assets. The increase since '2021' reflects strengthening financial performance. Industry average for Oilfield Services/Equipment in '2022' stood at 4.1%. Industry average increased by 10.9% compared to previous year.
• In '2023', LBRT's return on assets was 19.8%, representing returns generated from total assets. The increase since '2022' reflects strengthening financial performance. Industry average for Oilfield Services/Equipment in '2023' stood at 3.3%. Industry average declined by 0.9% from previous year.
• In '2024', LBRT's return on assets was 10.0%, representing returns generated from total assets. The decline from '2023' may indicate some operational or financial challenges. Industry average for Oilfield Services/Equipment in '2024' stood at -0.3%. Industry average declined by 3.5% from previous year.
Overall, LBRT's return on assets has been volatile but showed an upward trend over the past 4 years.

Formula: ROA = Net Income / Total Assets

Good Range: Commonly 5%-15%.