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Side-by-side financial comparison of CME Group (CME) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.

CME Group is the larger business by last-quarter revenue ($1.9B vs $1.0B, roughly 1.8× Liberty Energy Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs 0.1%, a 2.1% gap on every dollar of revenue. On growth, CME Group posted the faster year-over-year revenue change (14.5% vs 4.5%). Over the past eight quarters, CME Group's revenue compounded faster (10.8% CAGR vs -6.2%).

CME Group Inc. is an American financial services company based in Chicago, Illinois. It operates financial derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX), and the Commodity Exchange (COMEX). The company owns 27% of S&P Dow Jones Indices. It is the world's largest operator of financial derivatives exchanges. Its exchanges are platforms for trading in agricultural products, currencies, energy, i...

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.

CME vs LBRT — Head-to-Head

Bigger by revenue
CME
CME
1.8× larger
CME
$1.9B
$1.0B
LBRT
Growing faster (revenue YoY)
CME
CME
+10.0% gap
CME
14.5%
4.5%
LBRT
Higher net margin
LBRT
LBRT
2.1% more per $
LBRT
2.2%
0.1%
CME
Faster 2-yr revenue CAGR
CME
CME
Annualised
CME
10.8%
-6.2%
LBRT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CME
CME
LBRT
LBRT
Revenue
$1.9B
$1.0B
Net Profit
$1.2M
$22.6M
Gross Margin
Operating Margin
0.1%
2.2%
Net Margin
0.1%
2.2%
Revenue YoY
14.5%
4.5%
Net Profit YoY
20.7%
64.8%
EPS (diluted)
$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
CME
CME
LBRT
LBRT
Q1 26
$1.9B
$1.0B
Q4 25
$1.6B
$1.0B
Q3 25
$1.5B
$947.4M
Q2 25
$1.7B
$1.0B
Q1 25
$1.6B
$977.5M
Q4 24
$1.5B
$943.6M
Q3 24
$1.6B
$1.1B
Q2 24
$1.5B
$1.2B
Net Profit
CME
CME
LBRT
LBRT
Q1 26
$1.2M
$22.6M
Q4 25
$1.2B
$13.7M
Q3 25
$908.0M
$43.1M
Q2 25
$1.0B
$71.0M
Q1 25
$956.2M
$20.1M
Q4 24
$874.6M
$51.9M
Q3 24
$912.8M
$73.8M
Q2 24
$883.2M
$108.4M
Gross Margin
CME
CME
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
CME
CME
LBRT
LBRT
Q1 26
0.1%
2.2%
Q4 25
61.8%
1.9%
Q3 25
63.3%
-0.3%
Q2 25
66.7%
3.6%
Q1 25
67.5%
1.9%
Q4 24
62.1%
2.6%
Q3 24
64.6%
9.4%
Q2 24
65.3%
12.2%
Net Margin
CME
CME
LBRT
LBRT
Q1 26
0.1%
2.2%
Q4 25
71.7%
1.3%
Q3 25
59.1%
4.5%
Q2 25
60.6%
6.8%
Q1 25
58.2%
2.1%
Q4 24
57.3%
5.5%
Q3 24
57.6%
6.5%
Q2 24
57.6%
9.3%
EPS (diluted)
CME
CME
LBRT
LBRT
Q1 26
$0.14
Q4 25
$3.24
$0.08
Q3 25
$2.49
$0.26
Q2 25
$2.81
$0.43
Q1 25
$2.62
$0.12
Q4 24
$2.40
$0.31
Q3 24
$2.50
$0.44
Q2 24
$2.42
$0.64

Balance Sheet & Financial Strength

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

Metric
CME
CME
LBRT
LBRT
Cash + ST InvestmentsLiquidity on hand
$2.4B
$699.1M
Total DebtLower is stronger
$3.4B
$7.1M
Stockholders' EquityBook value
$1.9B
Total Assets
$202.0B
$4.4B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CME
CME
LBRT
LBRT
Q1 26
$2.4B
$699.1M
Q4 25
$4.5B
$27.6M
Q3 25
$2.6B
$13.5M
Q2 25
$2.1B
$19.6M
Q1 25
$1.5B
$24.1M
Q4 24
$3.0B
$20.0M
Q3 24
$2.4B
$23.0M
Q2 24
$1.9B
$30.0M
Total Debt
CME
CME
LBRT
LBRT
Q1 26
$3.4B
$7.1M
Q4 25
$246.6M
Q3 25
Q2 25
Q1 25
Q4 24
$190.5M
Q3 24
Q2 24
Stockholders' Equity
CME
CME
LBRT
LBRT
Q1 26
$1.9B
Q4 25
$28.7B
$2.1B
Q3 25
$28.2B
$2.1B
Q2 25
$27.7B
$2.0B
Q1 25
$27.0B
$2.0B
Q4 24
$26.5B
$2.0B
Q3 24
$28.2B
$2.0B
Q2 24
$27.6B
$1.9B
Total Assets
CME
CME
LBRT
LBRT
Q1 26
$202.0B
$4.4B
Q4 25
$198.4B
$3.6B
Q3 25
$187.1B
$3.5B
Q2 25
$179.9B
$3.4B
Q1 25
$157.8B
$3.4B
Q4 24
$137.4B
$3.3B
Q3 24
$137.8B
$3.3B
Q2 24
$123.4B
$3.2B
Debt / Equity
CME
CME
LBRT
LBRT
Q1 26
0.00×
Q4 25
0.12×
Q3 25
Q2 25
Q1 25
Q4 24
0.10×
Q3 24
Q2 24

Financial Flow Comparison

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

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