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Side-by-side financial comparison of Ameren (AEE) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Ameren is the larger business by last-quarter revenue ($1.8B vs $1.0B, roughly 1.7× Liberty Energy Inc.). Ameren runs the higher net margin — 14.2% vs 2.2%, a 12.0% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs -8.2%). Over the past eight quarters, Ameren's revenue compounded faster (-0.9% CAGR vs -6.2%).
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. It primarily generates electricity through coal, nucle...
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
AEE vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $1.0B |
| Net Profit | $253.0M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 20.2% | 2.2% |
| Net Margin | 14.2% | 2.2% |
| Revenue YoY | -8.2% | 4.5% |
| Net Profit YoY | 21.6% | — |
| EPS (diluted) | $0.92 | $0.14 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.8B | $1.0B | ||
| Q3 25 | $2.7B | $947.4M | ||
| Q2 25 | $2.2B | $1.0B | ||
| Q1 25 | $2.1B | $977.5M | ||
| Q4 24 | $1.9B | $943.6M | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $1.7B | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $253.0M | $13.7M | ||
| Q3 25 | $641.0M | $43.1M | ||
| Q2 25 | $277.0M | $71.0M | ||
| Q1 25 | $290.0M | $20.1M | ||
| Q4 24 | $208.0M | $51.9M | ||
| Q3 24 | $457.0M | $73.8M | ||
| Q2 24 | $260.0M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 20.2% | 1.9% | ||
| Q3 25 | 30.6% | -0.3% | ||
| Q2 25 | 18.5% | 3.6% | ||
| Q1 25 | 20.5% | 1.9% | ||
| Q4 24 | 10.2% | 2.6% | ||
| Q3 24 | 27.0% | 9.4% | ||
| Q2 24 | 21.3% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 14.2% | 1.3% | ||
| Q3 25 | 23.7% | 4.5% | ||
| Q2 25 | 12.5% | 6.8% | ||
| Q1 25 | 13.8% | 2.1% | ||
| Q4 24 | 10.7% | 5.5% | ||
| Q3 24 | 21.0% | 6.5% | ||
| Q2 24 | 15.4% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.92 | $0.08 | ||
| Q3 25 | $2.35 | $0.26 | ||
| Q2 25 | $1.01 | $0.43 | ||
| Q1 25 | $1.07 | $0.12 | ||
| Q4 24 | $0.77 | $0.31 | ||
| Q3 24 | $1.70 | $0.44 | ||
| Q2 24 | $0.97 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.0M | $699.1M |
| Total DebtLower is stronger | $19.4B | $7.1M |
| Stockholders' EquityBook value | $13.4B | $1.9B |
| Total Assets | $48.5B | $4.4B |
| Debt / EquityLower = less leverage | 1.45× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $13.0M | $27.6M | ||
| Q3 25 | $9.0M | $13.5M | ||
| Q2 25 | $11.0M | $19.6M | ||
| Q1 25 | $23.0M | $24.1M | ||
| Q4 24 | $7.0M | $20.0M | ||
| Q3 24 | $17.0M | $23.0M | ||
| Q2 24 | $19.0M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $19.4B | $246.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.8B | $190.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $13.4B | $2.1B | ||
| Q3 25 | $12.8B | $2.1B | ||
| Q2 25 | $12.3B | $2.0B | ||
| Q1 25 | $12.2B | $2.0B | ||
| Q4 24 | $12.1B | $2.0B | ||
| Q3 24 | $11.8B | $2.0B | ||
| Q2 24 | $11.5B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $48.5B | $3.6B | ||
| Q3 25 | $47.4B | $3.5B | ||
| Q2 25 | $46.6B | $3.4B | ||
| Q1 25 | $45.7B | $3.4B | ||
| Q4 24 | $44.6B | $3.3B | ||
| Q3 24 | $43.3B | $3.3B | ||
| Q2 24 | $42.3B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 1.45× | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.47× | 0.10× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $956.0M | — |
| Free Cash FlowOCF − Capex | $-54.0M | — |
| FCF MarginFCF / Revenue | -3.0% | — |
| Capex IntensityCapex / Revenue | 56.7% | 13.1% |
| Cash ConversionOCF / Net Profit | 3.78× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-775.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $956.0M | $195.4M | ||
| Q3 25 | $1.1B | $51.5M | ||
| Q2 25 | $862.0M | $170.6M | ||
| Q1 25 | $431.0M | $192.1M | ||
| Q4 24 | $817.0M | $177.3M | ||
| Q3 24 | $897.0M | $244.5M | ||
| Q2 24 | $557.0M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-54.0M | $-10.0M | ||
| Q3 25 | $116.0M | $-67.2M | ||
| Q2 25 | $-204.0M | $33.1M | ||
| Q1 25 | $-633.0M | $58.2M | ||
| Q4 24 | $-473.0M | $-26.2M | ||
| Q3 24 | $-240.0M | $77.9M | ||
| Q2 24 | $-445.0M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | -3.0% | -1.0% | ||
| Q3 25 | 4.3% | -7.1% | ||
| Q2 25 | -9.2% | 3.2% | ||
| Q1 25 | -30.2% | 6.0% | ||
| Q4 24 | -24.4% | -2.8% | ||
| Q3 24 | -11.0% | 6.8% | ||
| Q2 24 | -26.3% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 56.7% | 19.8% | ||
| Q3 25 | 36.6% | 12.5% | ||
| Q2 25 | 48.0% | 13.2% | ||
| Q1 25 | 50.7% | 13.7% | ||
| Q4 24 | 66.5% | 21.6% | ||
| Q3 24 | 52.3% | 14.6% | ||
| Q2 24 | 59.2% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.78× | 14.28× | ||
| Q3 25 | 1.72× | 1.20× | ||
| Q2 25 | 3.11× | 2.40× | ||
| Q1 25 | 1.49× | 9.55× | ||
| Q4 24 | 3.93× | 3.42× | ||
| Q3 24 | 1.96× | 3.31× | ||
| Q2 24 | 2.14× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
