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Side-by-side financial comparison of BENCHMARK ELECTRONICS INC (BHE) 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 $725.8M, roughly 1.4× BENCHMARK ELECTRONICS INC). On growth, BENCHMARK ELECTRONICS INC posted the faster year-over-year revenue change (6.2% vs 4.5%). Over the past eight quarters, BENCHMARK ELECTRONICS INC's revenue compounded faster (1.1% CAGR vs -6.2%).
Benchmark Electronics Inc is an EMS, ODM, and OEM company based in Tempe, Arizona in the Phoenix metropolitan area. It provides contract manufacturing services.
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.
BHE vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $725.8M | $1.0B |
| Net Profit | — | $22.6M |
| Gross Margin | 10.2% | — |
| Operating Margin | 2.8% | 2.2% |
| Net Margin | — | 2.2% |
| Revenue YoY | 6.2% | 4.5% |
| Net Profit YoY | — | 64.8% |
| EPS (diluted) | $0.16 | $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 | $725.8M | $1.0B | ||
| Q3 25 | $702.6M | $947.4M | ||
| Q2 25 | $665.7M | $1.0B | ||
| Q1 25 | $654.6M | $977.5M | ||
| Q4 24 | $683.6M | $943.6M | ||
| Q3 24 | $680.0M | $1.1B | ||
| Q2 24 | $686.7M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | — | $13.7M | ||
| Q3 25 | $14.3M | $43.1M | ||
| Q2 25 | $972.0K | $71.0M | ||
| Q1 25 | $3.6M | $20.1M | ||
| Q4 24 | — | $51.9M | ||
| Q3 24 | $15.4M | $73.8M | ||
| Q2 24 | $15.5M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | 20.6% | ||
| Q3 25 | 9.7% | 18.7% | ||
| Q2 25 | 9.7% | 22.1% | ||
| Q1 25 | 9.7% | 22.1% | ||
| Q4 24 | 9.9% | 21.4% | ||
| Q3 24 | 9.8% | 26.2% | ||
| Q2 24 | 9.9% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 2.8% | 1.9% | ||
| Q3 25 | 3.4% | -0.3% | ||
| Q2 25 | 3.1% | 3.6% | ||
| Q1 25 | 1.8% | 1.9% | ||
| Q4 24 | 4.2% | 2.6% | ||
| Q3 24 | 4.1% | 9.4% | ||
| Q2 24 | 4.0% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | — | 1.3% | ||
| Q3 25 | 2.0% | 4.5% | ||
| Q2 25 | 0.1% | 6.8% | ||
| Q1 25 | 0.6% | 2.1% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | 2.3% | 6.5% | ||
| Q2 24 | 2.3% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.16 | $0.08 | ||
| Q3 25 | $0.39 | $0.26 | ||
| Q2 25 | $0.03 | $0.43 | ||
| Q1 25 | $0.10 | $0.12 | ||
| Q4 24 | $0.43 | $0.31 | ||
| Q3 24 | $0.42 | $0.44 | ||
| Q2 24 | $0.43 | $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 | $322.1M | $699.1M |
| Total DebtLower is stronger | $206.8M | $7.1M |
| Stockholders' EquityBook value | $1.1B | $1.9B |
| Total Assets | $2.1B | $4.4B |
| Debt / EquityLower = less leverage | 0.19× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $322.1M | $27.6M | ||
| Q3 25 | $285.4M | $13.5M | ||
| Q2 25 | $264.6M | $19.6M | ||
| Q1 25 | $355.3M | $24.1M | ||
| Q4 24 | $315.2M | $20.0M | ||
| Q3 24 | $324.4M | $23.0M | ||
| Q2 24 | $309.3M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $206.8M | $246.6M | ||
| Q3 25 | $212.6M | — | ||
| Q2 25 | $203.4M | — | ||
| Q1 25 | $268.9M | — | ||
| Q4 24 | $250.5M | $190.5M | ||
| Q3 24 | $272.0M | — | ||
| Q2 24 | $283.6M | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $1.1B | $2.1B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $1.1B | $2.0B | ||
| Q4 24 | $1.1B | $2.0B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.1B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $2.1B | $3.6B | ||
| Q3 25 | $2.1B | $3.5B | ||
| Q2 25 | $2.0B | $3.4B | ||
| Q1 25 | $2.1B | $3.4B | ||
| Q4 24 | $2.1B | $3.3B | ||
| Q3 24 | $2.1B | $3.3B | ||
| Q2 24 | $2.2B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.19× | 0.12× | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.23× | 0.10× | ||
| Q3 24 | 0.25× | — | ||
| Q2 24 | 0.26× | — |
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 | $58.7M | — |
| Free Cash FlowOCF − Capex | $48.2M | — |
| FCF MarginFCF / Revenue | 6.6% | — |
| Capex IntensityCapex / Revenue | 1.4% | 13.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $88.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $58.7M | $195.4M | ||
| Q3 25 | $36.6M | $51.5M | ||
| Q2 25 | $-2.8M | $170.6M | ||
| Q1 25 | $31.5M | $192.1M | ||
| Q4 24 | $45.9M | $177.3M | ||
| Q3 24 | $39.0M | $244.5M | ||
| Q2 24 | $55.8M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $48.2M | $-10.0M | ||
| Q3 25 | $25.8M | $-67.2M | ||
| Q2 25 | $-13.8M | $33.1M | ||
| Q1 25 | $28.1M | $58.2M | ||
| Q4 24 | $37.2M | $-26.2M | ||
| Q3 24 | $29.2M | $77.9M | ||
| Q2 24 | $48.2M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | -1.0% | ||
| Q3 25 | 3.7% | -7.1% | ||
| Q2 25 | -2.1% | 3.2% | ||
| Q1 25 | 4.3% | 6.0% | ||
| Q4 24 | 5.4% | -2.8% | ||
| Q3 24 | 4.3% | 6.8% | ||
| Q2 24 | 7.0% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 1.4% | 19.8% | ||
| Q3 25 | 1.5% | 12.5% | ||
| Q2 25 | 1.7% | 13.2% | ||
| Q1 25 | 0.5% | 13.7% | ||
| Q4 24 | 1.3% | 21.6% | ||
| Q3 24 | 1.4% | 14.6% | ||
| Q2 24 | 1.1% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.28× | ||
| Q3 25 | 2.57× | 1.20× | ||
| Q2 25 | -2.90× | 2.40× | ||
| Q1 25 | 8.65× | 9.55× | ||
| Q4 24 | — | 3.42× | ||
| Q3 24 | 2.54× | 3.31× | ||
| Q2 24 | 3.59× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BHE
| Other | $384.9M | 53% |
| Aerospace And Defense Sector | $107.6M | 15% |
| Healthcare Sector | $81.7M | 11% |
| Advanced Computing And Communications Sector | $70.0M | 10% |
| Semi Cap Sector | $45.4M | 6% |
| Industrial Sector | $25.2M | 3% |
| Intersegment Sales | $11.0M | 2% |
LBRT
Segment breakdown not available.
