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Side-by-side financial comparison of COMERICA INC (CMA) 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 $838.0M, roughly 1.2× COMERICA INC). COMERICA INC runs the higher net margin — 21.0% vs 2.2%, a 18.8% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs 3.3%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs -6.2%).

Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.

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.

CMA vs LBRT — Head-to-Head

Bigger by revenue
LBRT
LBRT
1.2× larger
LBRT
$1.0B
$838.0M
CMA
Growing faster (revenue YoY)
LBRT
LBRT
+1.1% gap
LBRT
4.5%
3.3%
CMA
Higher net margin
CMA
CMA
18.8% more per $
CMA
21.0%
2.2%
LBRT
Faster 2-yr revenue CAGR
CMA
CMA
Annualised
CMA
108.9%
-6.2%
LBRT

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
CMA
CMA
LBRT
LBRT
Revenue
$838.0M
$1.0B
Net Profit
$176.0M
$22.6M
Gross Margin
Operating Margin
2.2%
Net Margin
21.0%
2.2%
Revenue YoY
3.3%
4.5%
Net Profit YoY
-4.3%
64.8%
EPS (diluted)
$1.35
$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
CMA
CMA
LBRT
LBRT
Q1 26
$1.0B
Q4 25
$1.0B
Q3 25
$838.0M
$947.4M
Q2 25
$849.0M
$1.0B
Q1 25
$829.0M
$977.5M
Q4 24
$825.0M
$943.6M
Q3 24
$811.0M
$1.1B
Q2 24
$824.0M
$1.2B
Net Profit
CMA
CMA
LBRT
LBRT
Q1 26
$22.6M
Q4 25
$13.7M
Q3 25
$176.0M
$43.1M
Q2 25
$199.0M
$71.0M
Q1 25
$172.0M
$20.1M
Q4 24
$170.0M
$51.9M
Q3 24
$184.0M
$73.8M
Q2 24
$206.0M
$108.4M
Gross Margin
CMA
CMA
LBRT
LBRT
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%
Operating Margin
CMA
CMA
LBRT
LBRT
Q1 26
2.2%
Q4 25
1.9%
Q3 25
-0.3%
Q2 25
3.6%
Q1 25
1.9%
Q4 24
2.6%
Q3 24
9.4%
Q2 24
12.2%
Net Margin
CMA
CMA
LBRT
LBRT
Q1 26
2.2%
Q4 25
1.3%
Q3 25
21.0%
4.5%
Q2 25
23.4%
6.8%
Q1 25
20.7%
2.1%
Q4 24
20.6%
5.5%
Q3 24
22.7%
6.5%
Q2 24
25.0%
9.3%
EPS (diluted)
CMA
CMA
LBRT
LBRT
Q1 26
$0.14
Q4 25
$0.08
Q3 25
$1.35
$0.26
Q2 25
$1.42
$0.43
Q1 25
$1.25
$0.12
Q4 24
$1.22
$0.31
Q3 24
$1.33
$0.44
Q2 24
$1.49
$0.64

Balance Sheet & Financial Strength

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

Metric
CMA
CMA
LBRT
LBRT
Cash + ST InvestmentsLiquidity on hand
$699.1M
Total DebtLower is stronger
$5.4B
$7.1M
Stockholders' EquityBook value
$7.4B
$1.9B
Total Assets
$77.4B
$4.4B
Debt / EquityLower = less leverage
0.73×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMA
CMA
LBRT
LBRT
Q1 26
$699.1M
Q4 25
$27.6M
Q3 25
$13.5M
Q2 25
$19.6M
Q1 25
$24.1M
Q4 24
$20.0M
Q3 24
$23.0M
Q2 24
$30.0M
Total Debt
CMA
CMA
LBRT
LBRT
Q1 26
$7.1M
Q4 25
$246.6M
Q3 25
$5.4B
Q2 25
$5.8B
Q1 25
$5.7B
Q4 24
$6.7B
$190.5M
Q3 24
$6.8B
Q2 24
$7.1B
Stockholders' Equity
CMA
CMA
LBRT
LBRT
Q1 26
$1.9B
Q4 25
$2.1B
Q3 25
$7.4B
$2.1B
Q2 25
$6.9B
$2.0B
Q1 25
$7.1B
$2.0B
Q4 24
$6.5B
$2.0B
Q3 24
$7.4B
$2.0B
Q2 24
$6.2B
$1.9B
Total Assets
CMA
CMA
LBRT
LBRT
Q1 26
$4.4B
Q4 25
$3.6B
Q3 25
$77.4B
$3.5B
Q2 25
$78.0B
$3.4B
Q1 25
$77.6B
$3.4B
Q4 24
$79.3B
$3.3B
Q3 24
$79.7B
$3.3B
Q2 24
$79.6B
$3.2B
Debt / Equity
CMA
CMA
LBRT
LBRT
Q1 26
0.00×
Q4 25
0.12×
Q3 25
0.73×
Q2 25
0.84×
Q1 25
0.81×
Q4 24
1.02×
0.10×
Q3 24
0.92×
Q2 24
1.15×

Cash Flow & Capital Efficiency

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

Metric
CMA
CMA
LBRT
LBRT
Operating Cash FlowLast quarter
$-270.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
13.1%
Cash ConversionOCF / Net Profit
-1.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMA
CMA
LBRT
LBRT
Q1 26
Q4 25
$195.4M
Q3 25
$-270.0M
$51.5M
Q2 25
$476.0M
$170.6M
Q1 25
$273.0M
$192.1M
Q4 24
$601.0M
$177.3M
Q3 24
$1.0B
$244.5M
Q2 24
$111.0M
$248.2M
Free Cash Flow
CMA
CMA
LBRT
LBRT
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
FCF Margin
CMA
CMA
LBRT
LBRT
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%
Capex Intensity
CMA
CMA
LBRT
LBRT
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%
Cash Conversion
CMA
CMA
LBRT
LBRT
Q1 26
Q4 25
14.28×
Q3 25
-1.53×
1.20×
Q2 25
2.39×
2.40×
Q1 25
1.59×
9.55×
Q4 24
3.54×
3.42×
Q3 24
5.70×
3.31×
Q2 24
0.54×
2.29×

Financial Flow Comparison

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

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