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Side-by-side financial comparison of AMERICOLD REALTY TRUST (COLD) and Liberty Global Ltd. (LBTYA). Click either name above to swap in a different company.

Liberty Global Ltd. is the larger business by last-quarter revenue ($1.2B vs $643.1M, roughly 1.9× AMERICOLD REALTY TRUST). AMERICOLD REALTY TRUST runs the higher net margin — -13.7% vs -237.0%, a 223.2% gap on every dollar of revenue. On growth, Liberty Global Ltd. posted the faster year-over-year revenue change (187.2% vs -0.7%). Liberty Global Ltd. produced more free cash flow last quarter ($193.3M vs $-12.2M). Over the past eight quarters, AMERICOLD REALTY TRUST's revenue compounded faster (-0.6% CAGR vs -20.4%).

Americold Realty Trust, Inc. is an American temperature controlled warehousing and transportation company based in Atlanta, Georgia, United States. It is in the business of modern commercialized temperature controlled warehousing for the storage of perishable goods via a cold chain, one of the forms of food preservation. Americold is the 2nd largest temperature-controlled warehousing and distribution services provider in the world.

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

COLD vs LBTYA — Head-to-Head

Bigger by revenue
LBTYA
LBTYA
1.9× larger
LBTYA
$1.2B
$643.1M
COLD
Growing faster (revenue YoY)
LBTYA
LBTYA
+187.8% gap
LBTYA
187.2%
-0.7%
COLD
Higher net margin
COLD
COLD
223.2% more per $
COLD
-13.7%
-237.0%
LBTYA
More free cash flow
LBTYA
LBTYA
$205.5M more FCF
LBTYA
$193.3M
$-12.2M
COLD
Faster 2-yr revenue CAGR
COLD
COLD
Annualised
COLD
-0.6%
-20.4%
LBTYA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COLD
COLD
LBTYA
LBTYA
Revenue
$643.1M
$1.2B
Net Profit
$-88.3M
$-2.9B
Gross Margin
31.3%
66.8%
Operating Margin
-10.8%
-8.6%
Net Margin
-13.7%
-237.0%
Revenue YoY
-0.7%
187.2%
Net Profit YoY
-143.9%
-230.0%
EPS (diluted)
$-0.31
$-8.66

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
COLD
COLD
LBTYA
LBTYA
Q4 25
$643.1M
$1.2B
Q3 25
$649.0M
$1.2B
Q2 25
$635.1M
$1.3B
Q1 25
$613.7M
$1.2B
Q4 24
$647.4M
$-1.4B
Q3 24
$660.4M
$1.9B
Q2 24
$645.6M
$1.9B
Q1 24
$651.4M
$1.9B
Net Profit
COLD
COLD
LBTYA
LBTYA
Q4 25
$-88.3M
$-2.9B
Q3 25
$-11.4M
$-90.7M
Q2 25
$1.5M
$-2.8B
Q1 25
$-16.4M
$-1.3B
Q4 24
$-36.2M
$2.2B
Q3 24
$-3.7M
$-1.4B
Q2 24
$-64.1M
$268.1M
Q1 24
$9.7M
$510.0M
Gross Margin
COLD
COLD
LBTYA
LBTYA
Q4 25
31.3%
66.8%
Q3 25
29.3%
67.5%
Q2 25
30.9%
63.3%
Q1 25
31.1%
65.6%
Q4 24
29.7%
Q3 24
29.6%
69.4%
Q2 24
31.0%
68.5%
Q1 24
30.3%
65.4%
Operating Margin
COLD
COLD
LBTYA
LBTYA
Q4 25
-10.8%
-8.6%
Q3 25
2.6%
-0.7%
Q2 25
5.9%
2.3%
Q1 25
3.6%
5.2%
Q4 24
-1.8%
Q3 24
4.6%
5.2%
Q2 24
9.8%
1.0%
Q1 24
6.4%
1.2%
Net Margin
COLD
COLD
LBTYA
LBTYA
Q4 25
-13.7%
-237.0%
Q3 25
-1.8%
-7.5%
Q2 25
0.2%
-220.1%
Q1 25
-2.7%
-114.2%
Q4 24
-5.6%
-158.9%
Q3 24
-0.6%
-74.1%
Q2 24
-9.9%
14.3%
Q1 24
1.5%
26.2%
EPS (diluted)
COLD
COLD
LBTYA
LBTYA
Q4 25
$-0.31
$-8.66
Q3 25
$-0.04
$-0.27
Q2 25
$0.01
$-8.09
Q1 25
$-0.06
$-3.84
Q4 24
$-0.12
$6.15
Q3 24
$-0.01
$-3.95
Q2 24
$-0.23
$0.71
Q1 24
$0.03
$1.32

Balance Sheet & Financial Strength

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

Metric
COLD
COLD
LBTYA
LBTYA
Cash + ST InvestmentsLiquidity on hand
$136.9M
$2.2B
Total DebtLower is stronger
$7.8B
Stockholders' EquityBook value
$2.9B
$9.7B
Total Assets
$8.1B
$22.6B
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLD
COLD
LBTYA
LBTYA
Q4 25
$136.9M
$2.2B
Q3 25
$33.3M
$1.7B
Q2 25
$101.4M
$3.1B
Q1 25
$38.9M
$2.0B
Q4 24
$47.7M
$2.2B
Q3 24
$61.3M
$3.3B
Q2 24
$44.2M
$3.2B
Q1 24
$59.2M
$2.8B
Total Debt
COLD
COLD
LBTYA
LBTYA
Q4 25
$7.8B
Q3 25
$7.8B
Q2 25
$7.8B
Q1 25
$8.2B
Q4 24
$8.2B
Q3 24
$14.9B
Q2 24
$14.7B
Q1 24
$14.8B
Stockholders' Equity
COLD
COLD
LBTYA
LBTYA
Q4 25
$2.9B
$9.7B
Q3 25
$3.0B
$12.7B
Q2 25
$3.1B
$13.0B
Q1 25
$3.2B
$12.6B
Q4 24
$3.3B
$12.4B
Q3 24
$3.4B
$18.7B
Q2 24
$3.4B
$18.3B
Q1 24
$3.6B
$18.4B
Total Assets
COLD
COLD
LBTYA
LBTYA
Q4 25
$8.1B
$22.6B
Q3 25
$8.1B
$25.4B
Q2 25
$8.1B
$27.2B
Q1 25
$7.8B
$26.0B
Q4 24
$7.7B
$25.4B
Q3 24
$7.9B
$41.8B
Q2 24
$7.8B
$40.8B
Q1 24
$7.8B
$40.6B
Debt / Equity
COLD
COLD
LBTYA
LBTYA
Q4 25
0.80×
Q3 25
0.61×
Q2 25
0.60×
Q1 25
0.65×
Q4 24
0.66×
Q3 24
0.80×
Q2 24
0.80×
Q1 24
0.80×

Cash Flow & Capital Efficiency

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

Metric
COLD
COLD
LBTYA
LBTYA
Operating Cash FlowLast quarter
$130.2M
$630.9M
Free Cash FlowOCF − Capex
$-12.2M
$193.3M
FCF MarginFCF / Revenue
-1.9%
15.7%
Capex IntensityCapex / Revenue
22.1%
35.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-217.2M
$-132.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLD
COLD
LBTYA
LBTYA
Q4 25
$130.2M
$630.9M
Q3 25
$78.9M
$301.8M
Q2 25
$120.3M
$149.2M
Q1 25
$30.2M
$129.2M
Q4 24
$162.6M
$791.6M
Q3 24
$50.6M
$449.5M
Q2 24
$136.7M
$546.1M
Q1 24
$62.0M
$245.7M
Free Cash Flow
COLD
COLD
LBTYA
LBTYA
Q4 25
$-12.2M
$193.3M
Q3 25
$-65.4M
$-41.1M
Q2 25
$-57.4M
$-170.1M
Q1 25
$-82.3M
$-114.1M
Q4 24
$57.4M
$712.9M
Q3 24
$-44.5M
$102.4M
Q2 24
$73.3M
$256.8M
Q1 24
$16.2M
$-105.1M
FCF Margin
COLD
COLD
LBTYA
LBTYA
Q4 25
-1.9%
15.7%
Q3 25
-10.1%
-3.4%
Q2 25
-9.0%
-13.4%
Q1 25
-13.4%
-9.7%
Q4 24
8.9%
-50.5%
Q3 24
-6.7%
5.3%
Q2 24
11.4%
13.7%
Q1 24
2.5%
-5.4%
Capex Intensity
COLD
COLD
LBTYA
LBTYA
Q4 25
22.1%
35.5%
Q3 25
22.2%
28.4%
Q2 25
28.0%
25.2%
Q1 25
18.3%
20.8%
Q4 24
16.3%
-5.6%
Q3 24
14.4%
17.9%
Q2 24
9.8%
15.4%
Q1 24
7.0%
18.0%
Cash Conversion
COLD
COLD
LBTYA
LBTYA
Q4 25
Q3 25
Q2 25
78.18×
Q1 25
Q4 24
0.35×
Q3 24
Q2 24
2.04×
Q1 24
6.36×
0.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

COLD
COLD

Warehouse Services$269.0M42%
Warehouse Rent And Storage$199.9M31%
Other Facilities Costs$60.0M9%
Transportation Segment$48.3M8%
Power$34.7M5%
Transportation$22.0M3%
Third Party Managed Segment$9.5M1%
Third Party Managed$2.4M0%

LBTYA
LBTYA

Segment breakdown not available.

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