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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Bath & Body Works, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.0B, roughly 1.6× Liberty Energy Inc.). Bath & Body Works, Inc. runs the higher net margin — 4.8% vs 2.2%, a 2.6% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs -1.0%). Over the past eight quarters, Liberty Energy Inc.'s revenue compounded faster (-6.2% CAGR vs -26.0%).
Bath & Body Works, Inc. is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works, posted $7.4 billion in revenue in 2023, and was listed as 481 on the 2024 Fortune 500 list of largest United States companies by revenue.
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.
BBWI vs LBRT — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.0B |
| Net Profit | $77.0M | $22.6M |
| Gross Margin | 41.3% | — |
| Operating Margin | 10.1% | 2.2% |
| Net Margin | 4.8% | 2.2% |
| Revenue YoY | -1.0% | 4.5% |
| Net Profit YoY | -27.4% | 64.8% |
| EPS (diluted) | $0.37 | $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 | $1.6B | $1.0B | ||
| Q3 25 | $1.5B | $947.4M | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $2.8B | $977.5M | ||
| Q4 24 | $1.6B | $943.6M | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.4B | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $77.0M | $13.7M | ||
| Q3 25 | $64.0M | $43.1M | ||
| Q2 25 | $105.0M | $71.0M | ||
| Q1 25 | $453.0M | $20.1M | ||
| Q4 24 | $106.0M | $51.9M | ||
| Q3 24 | $152.0M | $73.8M | ||
| Q2 24 | $87.0M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | 41.3% | 20.6% | ||
| Q3 25 | 41.3% | 18.7% | ||
| Q2 25 | 45.4% | 22.1% | ||
| Q1 25 | 46.7% | 22.1% | ||
| Q4 24 | 43.5% | 21.4% | ||
| Q3 24 | 41.0% | 26.2% | ||
| Q2 24 | 43.8% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 10.1% | 1.9% | ||
| Q3 25 | 10.1% | -0.3% | ||
| Q2 25 | 14.7% | 3.6% | ||
| Q1 25 | 24.3% | 1.9% | ||
| Q4 24 | 13.5% | 2.6% | ||
| Q3 24 | 12.0% | 9.4% | ||
| Q2 24 | 13.5% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 4.8% | 1.3% | ||
| Q3 25 | 4.1% | 4.5% | ||
| Q2 25 | 7.4% | 6.8% | ||
| Q1 25 | 16.3% | 2.1% | ||
| Q4 24 | 6.6% | 5.5% | ||
| Q3 24 | 10.0% | 6.5% | ||
| Q2 24 | 6.3% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.37 | $0.08 | ||
| Q3 25 | $0.30 | $0.26 | ||
| Q2 25 | $0.49 | $0.43 | ||
| Q1 25 | $2.06 | $0.12 | ||
| Q4 24 | $0.49 | $0.31 | ||
| Q3 24 | $0.68 | $0.44 | ||
| Q2 24 | $0.38 | $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 | $236.0M | $699.1M |
| Total DebtLower is stronger | $3.9B | $7.1M |
| Stockholders' EquityBook value | $-1.6B | $1.9B |
| Total Assets | $5.0B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $236.0M | $27.6M | ||
| Q3 25 | $364.0M | $13.5M | ||
| Q2 25 | $636.0M | $19.6M | ||
| Q1 25 | $674.0M | $24.1M | ||
| Q4 24 | $191.0M | $20.0M | ||
| Q3 24 | $514.0M | $23.0M | ||
| Q2 24 | $855.0M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $3.9B | $246.6M | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $4.2B | $190.5M | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $-1.6B | $2.1B | ||
| Q3 25 | $-1.5B | $2.1B | ||
| Q2 25 | $-1.5B | $2.0B | ||
| Q1 25 | $-1.4B | $2.0B | ||
| Q4 24 | $-1.7B | $2.0B | ||
| Q3 24 | $-1.7B | $2.0B | ||
| Q2 24 | $-1.7B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $5.0B | $3.6B | ||
| Q3 25 | $4.8B | $3.5B | ||
| Q2 25 | $4.9B | $3.4B | ||
| Q1 25 | $4.9B | $3.4B | ||
| Q4 24 | $5.0B | $3.3B | ||
| Q3 24 | $4.9B | $3.3B | ||
| Q2 24 | $5.2B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 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 | $80.0M | — |
| Free Cash FlowOCF − Capex | $-1.0M | — |
| FCF MarginFCF / Revenue | -0.1% | — |
| Capex IntensityCapex / Revenue | 5.1% | 13.1% |
| Cash ConversionOCF / Net Profit | 1.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $946.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $80.0M | $195.4M | ||
| Q3 25 | $-43.0M | $51.5M | ||
| Q2 25 | $188.0M | $170.6M | ||
| Q1 25 | $955.0M | $192.1M | ||
| Q4 24 | $-99.0M | $177.3M | ||
| Q3 24 | $-46.0M | $244.5M | ||
| Q2 24 | $76.0M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.0M | $-10.0M | ||
| Q3 25 | $-99.0M | $-67.2M | ||
| Q2 25 | $151.0M | $33.1M | ||
| Q1 25 | $895.0M | $58.2M | ||
| Q4 24 | $-164.0M | $-26.2M | ||
| Q3 24 | $-101.0M | $77.9M | ||
| Q2 24 | $30.0M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | -0.1% | -1.0% | ||
| Q3 25 | -6.4% | -7.1% | ||
| Q2 25 | 10.6% | 3.2% | ||
| Q1 25 | 32.1% | 6.0% | ||
| Q4 24 | -10.2% | -2.8% | ||
| Q3 24 | -6.6% | 6.8% | ||
| Q2 24 | 2.2% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 5.1% | 19.8% | ||
| Q3 25 | 3.6% | 12.5% | ||
| Q2 25 | 2.6% | 13.2% | ||
| Q1 25 | 2.2% | 13.7% | ||
| Q4 24 | 4.0% | 21.6% | ||
| Q3 24 | 3.6% | 14.6% | ||
| Q2 24 | 3.3% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.04× | 14.28× | ||
| Q3 25 | -0.67× | 1.20× | ||
| Q2 25 | 1.79× | 2.40× | ||
| Q1 25 | 2.11× | 9.55× | ||
| Q4 24 | -0.93× | 3.42× | ||
| Q3 24 | -0.30× | 3.31× | ||
| Q2 24 | 0.87× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BBWI
| Bath Body Works Stores | $1.2B | 77% |
| Bath Body Works Direct | $299.0M | 19% |
| Bath Body Works International | $73.0M | 5% |
LBRT
Segment breakdown not available.
