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Side-by-side financial comparison of CrowdStrike (CRWD) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
CrowdStrike is the larger business by last-quarter revenue ($1.2B vs $1.0B, roughly 1.2× Liberty Energy Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs -2.8%, a 5.0% gap on every dollar of revenue. On growth, CrowdStrike posted the faster year-over-year revenue change (22.2% vs 4.5%). Over the past eight quarters, CrowdStrike's revenue compounded faster (20.8% CAGR vs -6.2%).
CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas. It provides endpoint security, threat intelligence, and cyberattack response services.
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.
CRWD vs LBRT — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.0B |
| Net Profit | $-34.0M | $22.6M |
| Gross Margin | 75.1% | — |
| Operating Margin | -5.6% | 2.2% |
| Net Margin | -2.8% | 2.2% |
| Revenue YoY | 22.2% | 4.5% |
| Net Profit YoY | -102.1% | 64.8% |
| EPS (diluted) | $-0.14 | $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 | $1.2B | $1.0B | ||
| Q3 25 | $1.2B | $947.4M | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.1B | $977.5M | ||
| Q4 24 | $1.0B | $943.6M | ||
| Q3 24 | $963.9M | $1.1B | ||
| Q2 24 | $921.0M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-34.0M | $13.7M | ||
| Q3 25 | $-77.7M | $43.1M | ||
| Q2 25 | $-110.2M | $71.0M | ||
| Q1 25 | $-92.3M | $20.1M | ||
| Q4 24 | $-16.8M | $51.9M | ||
| Q3 24 | $47.0M | $73.8M | ||
| Q2 24 | $42.8M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | 75.1% | 20.6% | ||
| Q3 25 | 73.5% | 18.7% | ||
| Q2 25 | 73.8% | 22.1% | ||
| Q1 25 | 74.1% | 22.1% | ||
| Q4 24 | 74.7% | 21.4% | ||
| Q3 24 | 75.4% | 26.2% | ||
| Q2 24 | 75.6% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -5.6% | 1.9% | ||
| Q3 25 | -9.7% | -0.3% | ||
| Q2 25 | -11.3% | 3.6% | ||
| Q1 25 | -8.1% | 1.9% | ||
| Q4 24 | -5.5% | 2.6% | ||
| Q3 24 | 1.4% | 9.4% | ||
| Q2 24 | 0.8% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -2.8% | 1.3% | ||
| Q3 25 | -6.6% | 4.5% | ||
| Q2 25 | -10.0% | 6.8% | ||
| Q1 25 | -8.7% | 2.1% | ||
| Q4 24 | -1.7% | 5.5% | ||
| Q3 24 | 4.9% | 6.5% | ||
| Q2 24 | 4.6% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.14 | $0.08 | ||
| Q3 25 | $-0.31 | $0.26 | ||
| Q2 25 | $-0.44 | $0.43 | ||
| Q1 25 | $-0.37 | $0.12 | ||
| Q4 24 | $-0.07 | $0.31 | ||
| Q3 24 | $0.19 | $0.44 | ||
| Q2 24 | $0.17 | $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 | $4.8B | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $4.0B | $1.9B |
| Total Assets | $10.0B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $4.8B | $27.6M | ||
| Q3 25 | $5.0B | $13.5M | ||
| Q2 25 | $4.6B | $19.6M | ||
| Q1 25 | $4.3B | $24.1M | ||
| Q4 24 | $4.3B | $20.0M | ||
| Q3 24 | $4.0B | $23.0M | ||
| Q2 24 | $3.7B | $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 | $4.0B | $2.1B | ||
| Q3 25 | $3.8B | $2.1B | ||
| Q2 25 | $3.5B | $2.0B | ||
| Q1 25 | $3.3B | $2.0B | ||
| Q4 24 | $3.1B | $2.0B | ||
| Q3 24 | $2.9B | $2.0B | ||
| Q2 24 | $2.5B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $10.0B | $3.6B | ||
| Q3 25 | $9.3B | $3.5B | ||
| Q2 25 | $8.7B | $3.4B | ||
| Q1 25 | $8.7B | $3.4B | ||
| Q4 24 | $7.8B | $3.3B | ||
| Q3 24 | $7.2B | $3.3B | ||
| Q2 24 | $6.8B | $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 | $397.5M | — |
| Free Cash FlowOCF − Capex | $314.1M | — |
| FCF MarginFCF / Revenue | 25.5% | — |
| Capex IntensityCapex / Revenue | 6.8% | 13.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $397.5M | $195.4M | ||
| Q3 25 | $332.8M | $51.5M | ||
| Q2 25 | $384.1M | $170.6M | ||
| Q1 25 | $345.7M | $192.1M | ||
| Q4 24 | $326.1M | $177.3M | ||
| Q3 24 | $326.6M | $244.5M | ||
| Q2 24 | $383.2M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $314.1M | $-10.0M | ||
| Q3 25 | $302.3M | $-67.2M | ||
| Q2 25 | $298.4M | $33.1M | ||
| Q1 25 | $258.5M | $58.2M | ||
| Q4 24 | $247.4M | $-26.2M | ||
| Q3 24 | $287.4M | $77.9M | ||
| Q2 24 | $333.5M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | -1.0% | ||
| Q3 25 | 25.9% | -7.1% | ||
| Q2 25 | 27.0% | 3.2% | ||
| Q1 25 | 24.4% | 6.0% | ||
| Q4 24 | 24.5% | -2.8% | ||
| Q3 24 | 29.8% | 6.8% | ||
| Q2 24 | 36.2% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 6.8% | 19.8% | ||
| Q3 25 | 2.6% | 12.5% | ||
| Q2 25 | 7.8% | 13.2% | ||
| Q1 25 | 8.2% | 13.7% | ||
| Q4 24 | 7.8% | 21.6% | ||
| Q3 24 | 4.1% | 14.6% | ||
| Q2 24 | 5.4% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.28× | ||
| Q3 25 | — | 1.20× | ||
| Q2 25 | — | 2.40× | ||
| Q1 25 | — | 9.55× | ||
| Q4 24 | — | 3.42× | ||
| Q3 24 | 6.95× | 3.31× | ||
| Q2 24 | 8.95× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRWD
| Subscription And Circulation | $1.2B | 95% |
| Professional Services | $65.5M | 5% |
LBRT
Segment breakdown not available.
