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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $975.0M, roughly 1.0× BREAD FINANCIAL HOLDINGS, INC.). On growth, BREAD FINANCIAL HOLDINGS, INC. posted the faster year-over-year revenue change (5.4% vs 4.5%). Over the past eight quarters, BREAD FINANCIAL HOLDINGS, INC.'s revenue compounded faster (-0.8% CAGR vs -6.2%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
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.
BFH vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $1.0B |
| Net Profit | — | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 4.9% | 2.2% |
| Net Margin | — | 2.2% |
| Revenue YoY | 5.4% | 4.5% |
| Net Profit YoY | — | — |
| EPS (diluted) | $1.21 | $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 | $975.0M | $1.0B | ||
| Q3 25 | $971.0M | $947.4M | ||
| Q2 25 | $929.0M | $1.0B | ||
| Q1 25 | $970.0M | $977.5M | ||
| Q4 24 | $925.0M | $943.6M | ||
| Q3 24 | $983.0M | $1.1B | ||
| Q2 24 | $939.0M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | — | $13.7M | ||
| Q3 25 | $188.0M | $43.1M | ||
| Q2 25 | $139.0M | $71.0M | ||
| Q1 25 | $138.0M | $20.1M | ||
| Q4 24 | — | $51.9M | ||
| Q3 24 | $2.0M | $73.8M | ||
| Q2 24 | $133.0M | $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 | 4.9% | 1.9% | ||
| Q3 25 | 20.2% | -0.3% | ||
| Q2 25 | 18.7% | 3.6% | ||
| Q1 25 | 20.3% | 1.9% | ||
| Q4 24 | -2.9% | 2.6% | ||
| Q3 24 | 4.1% | 9.4% | ||
| Q2 24 | 19.2% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | — | 1.3% | ||
| Q3 25 | 19.4% | 4.5% | ||
| Q2 25 | 15.0% | 6.8% | ||
| Q1 25 | 14.2% | 2.1% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | 0.2% | 6.5% | ||
| Q2 24 | 14.2% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $1.21 | $0.08 | ||
| Q3 25 | $3.96 | $0.26 | ||
| Q2 25 | $2.94 | $0.43 | ||
| Q1 25 | $2.78 | $0.12 | ||
| Q4 24 | $0.08 | $0.31 | ||
| Q3 24 | $0.05 | $0.44 | ||
| Q2 24 | $2.66 | $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 | $3.6B | $699.1M |
| Total DebtLower is stronger | $4.3B | $7.1M |
| Stockholders' EquityBook value | $3.3B | $1.9B |
| Total Assets | $22.7B | $4.4B |
| Debt / EquityLower = less leverage | 1.29× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $3.6B | $27.6M | ||
| Q3 25 | $3.8B | $13.5M | ||
| Q2 25 | $3.8B | $19.6M | ||
| Q1 25 | $4.2B | $24.1M | ||
| Q4 24 | $4.0B | $20.0M | ||
| Q3 24 | $3.5B | $23.0M | ||
| Q2 24 | $4.1B | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $4.3B | $246.6M | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.6B | $190.5M | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $3.3B | $2.1B | ||
| Q3 25 | $3.3B | $2.1B | ||
| Q2 25 | $3.2B | $2.0B | ||
| Q1 25 | $3.1B | $2.0B | ||
| Q4 24 | $3.1B | $2.0B | ||
| Q3 24 | $3.1B | $2.0B | ||
| Q2 24 | $3.2B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $22.7B | $3.6B | ||
| Q3 25 | $21.7B | $3.5B | ||
| Q2 25 | $21.8B | $3.4B | ||
| Q1 25 | $22.4B | $3.4B | ||
| Q4 24 | $22.9B | $3.3B | ||
| Q3 24 | $21.7B | $3.3B | ||
| Q2 24 | $22.1B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 1.29× | 0.12× | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.82× | 0.10× | ||
| Q3 24 | 1.47× | — | ||
| 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 | $568.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 13.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $568.0M | $195.4M | ||
| Q3 25 | $605.0M | $51.5M | ||
| Q2 25 | $526.0M | $170.6M | ||
| Q1 25 | $393.0M | $192.1M | ||
| Q4 24 | $479.0M | $177.3M | ||
| Q3 24 | $456.0M | $244.5M | ||
| Q2 24 | $477.0M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-10.0M | ||
| Q3 25 | — | $-67.2M | ||
| Q2 25 | — | $33.1M | ||
| Q1 25 | — | $58.2M | ||
| Q4 24 | — | $-26.2M | ||
| Q3 24 | — | $77.9M | ||
| Q2 24 | — | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.0% | ||
| Q3 25 | — | -7.1% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.28× | ||
| Q3 25 | 3.22× | 1.20× | ||
| Q2 25 | 3.78× | 2.40× | ||
| Q1 25 | 2.85× | 9.55× | ||
| Q4 24 | — | 3.42× | ||
| Q3 24 | 228.00× | 3.31× | ||
| Q2 24 | 3.59× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
