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Side-by-side financial comparison of Chefs' Warehouse, Inc. (CHEF) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.

Chefs' Warehouse, Inc. is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.0× Liberty Energy Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs 1.6%, a 0.6% gap on every dollar of revenue. On growth, Chefs' Warehouse, Inc. posted the faster year-over-year revenue change (11.4% vs 4.5%). Over the past eight quarters, Chefs' Warehouse, Inc.'s revenue compounded faster (5.3% CAGR vs -6.2%).

Chefs' Warehouse, Inc. is a leading North American specialty food distributor that primarily serves independent restaurants, fine dining venues, hotels, catering firms, and other foodservice operators. It offers a curated portfolio of over 150,000 products including artisanal ingredients, specialty meats, seafood, dairy, pastries, and imported gourmet goods tailored for professional chefs.

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.

CHEF vs LBRT — Head-to-Head

Bigger by revenue
CHEF
CHEF
1.0× larger
CHEF
$1.1B
$1.0B
LBRT
Growing faster (revenue YoY)
CHEF
CHEF
+6.9% gap
CHEF
11.4%
4.5%
LBRT
Higher net margin
LBRT
LBRT
0.6% more per $
LBRT
2.2%
1.6%
CHEF
Faster 2-yr revenue CAGR
CHEF
CHEF
Annualised
CHEF
5.3%
-6.2%
LBRT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CHEF
CHEF
LBRT
LBRT
Revenue
$1.1B
$1.0B
Net Profit
$17.4M
$22.6M
Gross Margin
24.3%
Operating Margin
3.1%
2.2%
Net Margin
1.6%
2.2%
Revenue YoY
11.4%
4.5%
Net Profit YoY
68.8%
EPS (diluted)
$0.40
$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.

Revenue
CHEF
CHEF
LBRT
LBRT
Q1 26
$1.1B
$1.0B
Q4 25
$1.1B
$1.0B
Q3 25
$1.0B
$947.4M
Q2 25
$1.0B
$1.0B
Q1 25
$950.7M
$977.5M
Q4 24
$1.0B
$943.6M
Q3 24
$931.5M
$1.1B
Q2 24
$954.7M
$1.2B
Net Profit
CHEF
CHEF
LBRT
LBRT
Q1 26
$17.4M
$22.6M
Q4 25
$21.7M
$13.7M
Q3 25
$19.1M
$43.1M
Q2 25
$21.2M
$71.0M
Q1 25
$10.3M
$20.1M
Q4 24
$23.9M
$51.9M
Q3 24
$14.1M
$73.8M
Q2 24
$15.5M
$108.4M
Gross Margin
CHEF
CHEF
LBRT
LBRT
Q1 26
24.3%
Q4 25
24.2%
20.6%
Q3 25
24.2%
18.7%
Q2 25
24.6%
22.1%
Q1 25
23.8%
22.1%
Q4 24
24.3%
21.4%
Q3 24
24.1%
26.2%
Q2 24
24.0%
27.9%
Operating Margin
CHEF
CHEF
LBRT
LBRT
Q1 26
3.1%
2.2%
Q4 25
3.8%
1.9%
Q3 25
3.8%
-0.3%
Q2 25
3.9%
3.6%
Q1 25
2.4%
1.9%
Q4 24
4.5%
2.6%
Q3 24
3.4%
9.4%
Q2 24
3.5%
12.2%
Net Margin
CHEF
CHEF
LBRT
LBRT
Q1 26
1.6%
2.2%
Q4 25
1.9%
1.3%
Q3 25
1.9%
4.5%
Q2 25
2.1%
6.8%
Q1 25
1.1%
2.1%
Q4 24
2.3%
5.5%
Q3 24
1.5%
6.5%
Q2 24
1.6%
9.3%
EPS (diluted)
CHEF
CHEF
LBRT
LBRT
Q1 26
$0.40
$0.14
Q4 25
$0.50
$0.08
Q3 25
$0.44
$0.26
Q2 25
$0.49
$0.43
Q1 25
$0.25
$0.12
Q4 24
$0.56
$0.31
Q3 24
$0.34
$0.44
Q2 24
$0.37
$0.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CHEF
CHEF
LBRT
LBRT
Cash + ST InvestmentsLiquidity on hand
$122.7M
$699.1M
Total DebtLower is stronger
$750.4M
$7.1M
Stockholders' EquityBook value
$608.6M
$1.9B
Total Assets
$2.0B
$4.4B
Debt / EquityLower = less leverage
1.23×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHEF
CHEF
LBRT
LBRT
Q1 26
$122.7M
$699.1M
Q4 25
$121.0M
$27.6M
Q3 25
$65.1M
$13.5M
Q2 25
$96.9M
$19.6M
Q1 25
$116.5M
$24.1M
Q4 24
$114.7M
$20.0M
Q3 24
$50.7M
$23.0M
Q2 24
$38.3M
$30.0M
Total Debt
CHEF
CHEF
LBRT
LBRT
Q1 26
$750.4M
$7.1M
Q4 25
$720.3M
$246.6M
Q3 25
$711.7M
Q2 25
$690.2M
Q1 25
$681.1M
Q4 24
$688.7M
$190.5M
Q3 24
$666.6M
Q2 24
$660.8M
Stockholders' Equity
CHEF
CHEF
LBRT
LBRT
Q1 26
$608.6M
$1.9B
Q4 25
$604.3M
$2.1B
Q3 25
$576.6M
$2.1B
Q2 25
$557.7M
$2.0B
Q1 25
$541.6M
$2.0B
Q4 24
$537.6M
$2.0B
Q3 24
$480.3M
$2.0B
Q2 24
$461.9M
$1.9B
Total Assets
CHEF
CHEF
LBRT
LBRT
Q1 26
$2.0B
$4.4B
Q4 25
$2.0B
$3.6B
Q3 25
$1.9B
$3.5B
Q2 25
$1.9B
$3.4B
Q1 25
$1.8B
$3.4B
Q4 24
$1.9B
$3.3B
Q3 24
$1.8B
$3.3B
Q2 24
$1.7B
$3.2B
Debt / Equity
CHEF
CHEF
LBRT
LBRT
Q1 26
1.23×
0.00×
Q4 25
1.19×
0.12×
Q3 25
1.23×
Q2 25
1.24×
Q1 25
1.26×
Q4 24
1.28×
0.10×
Q3 24
1.39×
Q2 24
1.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CHEF
CHEF
LBRT
LBRT
Operating Cash FlowLast quarter
$38.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.7%
13.1%
Cash ConversionOCF / Net Profit
2.20×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHEF
CHEF
LBRT
LBRT
Q1 26
$38.3M
Q4 25
$73.9M
$195.4M
Q3 25
$-8.7M
$51.5M
Q2 25
$14.5M
$170.6M
Q1 25
$49.6M
$192.1M
Q4 24
$73.0M
$177.3M
Q3 24
$19.8M
$244.5M
Q2 24
$29.3M
$248.2M
Free Cash Flow
CHEF
CHEF
LBRT
LBRT
Q1 26
Q4 25
$65.8M
$-10.0M
Q3 25
$-19.7M
$-67.2M
Q2 25
$4.5M
$33.1M
Q1 25
$37.2M
$58.2M
Q4 24
$64.6M
$-26.2M
Q3 24
$11.8M
$77.9M
Q2 24
$13.3M
$112.2M
FCF Margin
CHEF
CHEF
LBRT
LBRT
Q1 26
Q4 25
5.8%
-1.0%
Q3 25
-1.9%
-7.1%
Q2 25
0.4%
3.2%
Q1 25
3.9%
6.0%
Q4 24
6.3%
-2.8%
Q3 24
1.3%
6.8%
Q2 24
1.4%
9.7%
Capex Intensity
CHEF
CHEF
LBRT
LBRT
Q1 26
0.7%
13.1%
Q4 25
0.7%
19.8%
Q3 25
1.1%
12.5%
Q2 25
1.0%
13.2%
Q1 25
1.3%
13.7%
Q4 24
0.8%
21.6%
Q3 24
0.9%
14.6%
Q2 24
1.7%
11.7%
Cash Conversion
CHEF
CHEF
LBRT
LBRT
Q1 26
2.20×
Q4 25
3.41×
14.28×
Q3 25
-0.46×
1.20×
Q2 25
0.68×
2.40×
Q1 25
4.82×
9.55×
Q4 24
3.05×
3.42×
Q3 24
1.41×
3.31×
Q2 24
1.89×
2.29×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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