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Side-by-side financial comparison of CARTERS INC (CRI) 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 $757.8M, roughly 1.3× CARTERS INC). Liberty Energy Inc. runs the higher net margin — 2.2% vs 1.5%, a 0.7% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs -0.1%).
Carter's, Inc. is a major American designer and marketer of children's apparel. It was founded in 1865 by William Carter.
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.
CRI vs LBRT — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $757.8M | $1.0B |
| Net Profit | $11.6M | $22.6M |
| Gross Margin | 45.1% | — |
| Operating Margin | 3.8% | 2.2% |
| Net Margin | 1.5% | 2.2% |
| Revenue YoY | -0.1% | 4.5% |
| Net Profit YoY | -80.1% | 64.8% |
| EPS (diluted) | $0.32 | $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 | — | $1.0B | ||
| Q3 25 | $757.8M | $947.4M | ||
| Q2 25 | $585.3M | $1.0B | ||
| Q1 25 | $629.8M | $977.5M | ||
| Q4 24 | — | $943.6M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | — | $13.7M | ||
| Q3 25 | $11.6M | $43.1M | ||
| Q2 25 | $446.0K | $71.0M | ||
| Q1 25 | $15.5M | $20.1M | ||
| Q4 24 | — | $51.9M | ||
| Q3 24 | — | $73.8M | ||
| Q2 24 | — | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | 45.1% | 18.7% | ||
| Q2 25 | 48.1% | 22.1% | ||
| Q1 25 | 46.2% | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | — | 1.9% | ||
| Q3 25 | 3.8% | -0.3% | ||
| Q2 25 | 0.7% | 3.6% | ||
| Q1 25 | 4.1% | 1.9% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 9.4% | ||
| Q2 24 | — | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | — | 1.3% | ||
| Q3 25 | 1.5% | 4.5% | ||
| Q2 25 | 0.1% | 6.8% | ||
| Q1 25 | 2.5% | 2.1% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | — | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | — | $0.08 | ||
| Q3 25 | $0.32 | $0.26 | ||
| Q2 25 | $0.01 | $0.43 | ||
| Q1 25 | $0.43 | $0.12 | ||
| Q4 24 | — | $0.31 | ||
| Q3 24 | — | $0.44 | ||
| Q2 24 | — | $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 | $184.2M | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $864.6M | $1.9B |
| Total Assets | $2.5B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | — | $27.6M | ||
| Q3 25 | $184.2M | $13.5M | ||
| Q2 25 | $338.2M | $19.6M | ||
| Q1 25 | $320.8M | $24.1M | ||
| Q4 24 | — | $20.0M | ||
| Q3 24 | — | $23.0M | ||
| Q2 24 | — | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | — | $246.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $190.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | $864.6M | $2.1B | ||
| Q2 25 | $853.9M | $2.0B | ||
| Q1 25 | $847.2M | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | $2.5B | $3.5B | ||
| Q2 25 | $2.5B | $3.4B | ||
| Q1 25 | $2.3B | $3.4B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-128.0M | — |
| Free Cash FlowOCF − Capex | $-144.1M | — |
| FCF MarginFCF / Revenue | -19.0% | — |
| Capex IntensityCapex / Revenue | 2.1% | 13.1% |
| Cash ConversionOCF / Net Profit | -11.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $195.4M | ||
| Q3 25 | $-128.0M | $51.5M | ||
| Q2 25 | $40.3M | $170.6M | ||
| Q1 25 | $-48.6M | $192.1M | ||
| Q4 24 | — | $177.3M | ||
| Q3 24 | — | $244.5M | ||
| Q2 24 | — | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-10.0M | ||
| Q3 25 | $-144.1M | $-67.2M | ||
| Q2 25 | $24.1M | $33.1M | ||
| Q1 25 | $-59.0M | $58.2M | ||
| Q4 24 | — | $-26.2M | ||
| Q3 24 | — | $77.9M | ||
| Q2 24 | — | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.0% | ||
| Q3 25 | -19.0% | -7.1% | ||
| Q2 25 | 4.1% | 3.2% | ||
| Q1 25 | -9.4% | 6.0% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | 2.1% | 12.5% | ||
| Q2 25 | 2.8% | 13.2% | ||
| Q1 25 | 1.6% | 13.7% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.28× | ||
| Q3 25 | -11.04× | 1.20× | ||
| Q2 25 | 90.37× | 2.40× | ||
| Q1 25 | -3.13× | 9.55× | ||
| Q4 24 | — | 3.42× | ||
| Q3 24 | — | 3.31× | ||
| Q2 24 | — | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRI
| Sales Channel Directly To Consumer | $362.3M | 48% |
| Sales Channel Through Intermediary | $283.8M | 37% |
| Other | $110.4M | 15% |
| Gift Cards | $1.3M | 0% |
LBRT
Segment breakdown not available.
