LBTYANasdaqCable & Other Pay Television ServicesFiscal year ends December 31Also trades as LBTYB, LBTYK
Liberty Global Ltd.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 24, 2026
$7.50−0.30 (-3.85%)
Close on Oct 19, 2026
- Market cap
- $2.55B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
65.8%−5.5 pts over 5 years
Operating margin
-0.5%−18.1 pts over 5 years
Net margin
-146.3%−132.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.4% | +6.7% | -15.8% | -11.8% | |
| Gross profit | +11.0% | +2.8% | -17.2% | -13.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 14.0% | -11.9% | -64.6% | |
| Return on assets | 2.5% | -3.0% | -29.7% | |
| Current ratio | 0.73 | 1.29 | 1.08 | |
| Debt to equity | 2.73 | 1.09 | 0.88 | |
| Net debt to EBITDA | 6.41× | 3.20× | 6.41× | |
| Interest coverage | 0.8× | 1.7× | -0.0× | |
| Capex to revenue | 11.2% | 11.2% | 27.5% | |
| Diluted shares | 900M | 602M | 342M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Liberty Global generated $11.80B from operations and spent $11.13B on capital expenditure, dividends and share buybacks. 49% of that went back into the business.
Generated
$11.80B
Used
$11.13B
Capital expenditure$5.47B49%Dividends$00%Share buybacks$5.66B51%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-146.3%
×Asset turnover0.20×
×Equity multiplier2.17×
=Return on equity, FY2025-64.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -146.3% | 0.20× | 2.17× | -64.6% |
| FY2024 | 36.6% | 0.13× | 2.15× | 10.1% |
| FY2023 | -98.4% | 0.10× | 2.05× | -19.5% |
| FY2022 | 36.7% | 0.09× | 1.86× | 6.1% |
| FY2021 | 130.2% | 0.19× | 2.68× | 67.8% |
| FY2020 | -14.1% | 0.21× | 3.97× | -11.9% |
| FY2019 | 103.6% | 0.22× | 5.59× | 126.0% |
| FY2018 | 6.1% | 0.22× | 9.64× | 12.6% |
| FY2017 | -24.6% | 0.18× | 6.14× | -27.0% |
| FY2016 | 12.4% | 0.20× | 5.58× | 14.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$7.14B
- Cash generatingOperating cash flow above zero$1.21B
- Return on assets improvedROA up on the prior year3.8% → -28.1%
- Earnings backed by cashOperating cash flow above net income$1.21B vs -$7.14B
- Less leverageLong-term debt to assets fell32.2% → 34.7%
- Better liquidityCurrent ratio rose1.05 → 1.08
- No dilutionShare count did not rise375M → 342M
- Gross margin improvedGross margin up on the prior year66.59% → 65.76%
- More efficientAsset turnover rose0.10 → 0.19