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Side-by-side financial comparison of Everus Construction Group, Inc. (ECG) 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 $1.0B, roughly 1.0× Everus Construction Group, Inc.). Everus Construction Group, Inc. runs the higher net margin — 5.5% vs 2.2%, a 3.3% gap on every dollar of revenue. On growth, Everus Construction Group, Inc. posted the faster year-over-year revenue change (33.2% vs 4.5%). Over the past eight quarters, Everus Construction Group, Inc.'s revenue compounded faster (27.1% CAGR vs -6.2%).

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.

ECG vs LBRT — Head-to-Head

Bigger by revenue
LBRT
LBRT
1.0× larger
LBRT
$1.0B
$1.0B
ECG
Growing faster (revenue YoY)
ECG
ECG
+28.7% gap
ECG
33.2%
4.5%
LBRT
Higher net margin
ECG
ECG
3.3% more per $
ECG
5.5%
2.2%
LBRT
Faster 2-yr revenue CAGR
ECG
ECG
Annualised
ECG
27.1%
-6.2%
LBRT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ECG
ECG
LBRT
LBRT
Revenue
$1.0B
$1.0B
Net Profit
$55.3M
$22.6M
Gross Margin
11.6%
Operating Margin
6.8%
2.2%
Net Margin
5.5%
2.2%
Revenue YoY
33.2%
4.5%
Net Profit YoY
60.4%
EPS (diluted)
$1.09
$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
ECG
ECG
LBRT
LBRT
Q1 26
$1.0B
Q4 25
$1.0B
$1.0B
Q3 25
$986.8M
$947.4M
Q2 25
$921.5M
$1.0B
Q1 25
$826.6M
$977.5M
Q4 24
$759.6M
$943.6M
Q3 24
$761.0M
$1.1B
Q2 24
$703.4M
$1.2B
Net Profit
ECG
ECG
LBRT
LBRT
Q1 26
$22.6M
Q4 25
$55.3M
$13.7M
Q3 25
$57.0M
$43.1M
Q2 25
$52.8M
$71.0M
Q1 25
$36.7M
$20.1M
Q4 24
$34.5M
$51.9M
Q3 24
$41.8M
$73.8M
Q2 24
$39.0M
$108.4M
Gross Margin
ECG
ECG
LBRT
LBRT
Q1 26
Q4 25
11.6%
20.6%
Q3 25
12.6%
18.7%
Q2 25
13.0%
22.1%
Q1 25
11.2%
22.1%
Q4 24
11.4%
21.4%
Q3 24
11.8%
26.2%
Q2 24
12.6%
27.9%
Operating Margin
ECG
ECG
LBRT
LBRT
Q1 26
2.2%
Q4 25
6.8%
1.9%
Q3 25
7.3%
-0.3%
Q2 25
7.9%
3.6%
Q1 25
6.2%
1.9%
Q4 24
6.1%
2.6%
Q3 24
7.1%
9.4%
Q2 24
7.3%
12.2%
Net Margin
ECG
ECG
LBRT
LBRT
Q1 26
2.2%
Q4 25
5.5%
1.3%
Q3 25
5.8%
4.5%
Q2 25
5.7%
6.8%
Q1 25
4.4%
2.1%
Q4 24
4.5%
5.5%
Q3 24
5.5%
6.5%
Q2 24
5.5%
9.3%
EPS (diluted)
ECG
ECG
LBRT
LBRT
Q1 26
$0.14
Q4 25
$1.09
$0.08
Q3 25
$1.11
$0.26
Q2 25
$1.03
$0.43
Q1 25
$0.72
$0.12
Q4 24
$0.68
$0.31
Q3 24
$0.82
$0.44
Q2 24
$0.76
$0.64

Balance Sheet & Financial Strength

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

Metric
ECG
ECG
LBRT
LBRT
Cash + ST InvestmentsLiquidity on hand
$699.1M
Total DebtLower is stronger
$281.5M
$7.1M
Stockholders' EquityBook value
$629.8M
$1.9B
Total Assets
$1.7B
$4.4B
Debt / EquityLower = less leverage
0.45×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECG
ECG
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
$553.0K
$23.0M
Q2 24
$30.0M
Total Debt
ECG
ECG
LBRT
LBRT
Q1 26
$7.1M
Q4 25
$281.5M
$246.6M
Q3 25
$285.1M
Q2 25
$288.6M
Q1 25
$292.1M
Q4 24
$295.6M
$190.5M
Q3 24
Q2 24
Stockholders' Equity
ECG
ECG
LBRT
LBRT
Q1 26
$1.9B
Q4 25
$629.8M
$2.1B
Q3 25
$573.0M
$2.1B
Q2 25
$514.4M
$2.0B
Q1 25
$460.2M
$2.0B
Q4 24
$422.6M
$2.0B
Q3 24
$453.3M
$2.0B
Q2 24
$490.0M
$1.9B
Total Assets
ECG
ECG
LBRT
LBRT
Q1 26
$4.4B
Q4 25
$1.7B
$3.6B
Q3 25
$1.6B
$3.5B
Q2 25
$1.5B
$3.4B
Q1 25
$1.4B
$3.4B
Q4 24
$1.3B
$3.3B
Q3 24
$1.3B
$3.3B
Q2 24
$3.2B
Debt / Equity
ECG
ECG
LBRT
LBRT
Q1 26
0.00×
Q4 25
0.45×
0.12×
Q3 25
0.50×
Q2 25
0.56×
Q1 25
0.63×
Q4 24
0.70×
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
ECG
ECG
LBRT
LBRT
Operating Cash FlowLast quarter
$48.2M
Free Cash FlowOCF − Capex
$23.5M
FCF MarginFCF / Revenue
2.3%
Capex IntensityCapex / Revenue
2.4%
13.1%
Cash ConversionOCF / Net Profit
0.87×
TTM Free Cash FlowTrailing 4 quarters
$90.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECG
ECG
LBRT
LBRT
Q1 26
Q4 25
$48.2M
$195.4M
Q3 25
$76.2M
$51.5M
Q2 25
$25.3M
$170.6M
Q1 25
$7.1M
$192.1M
Q4 24
$177.3M
Q3 24
$78.9M
$244.5M
Q2 24
$248.2M
Free Cash Flow
ECG
ECG
LBRT
LBRT
Q1 26
Q4 25
$23.5M
$-10.0M
Q3 25
$65.7M
$-67.2M
Q2 25
$12.3M
$33.1M
Q1 25
$-11.4M
$58.2M
Q4 24
$-26.2M
Q3 24
$60.9M
$77.9M
Q2 24
$112.2M
FCF Margin
ECG
ECG
LBRT
LBRT
Q1 26
Q4 25
2.3%
-1.0%
Q3 25
6.7%
-7.1%
Q2 25
1.3%
3.2%
Q1 25
-1.4%
6.0%
Q4 24
-2.8%
Q3 24
8.0%
6.8%
Q2 24
9.7%
Capex Intensity
ECG
ECG
LBRT
LBRT
Q1 26
13.1%
Q4 25
2.4%
19.8%
Q3 25
1.1%
12.5%
Q2 25
1.4%
13.2%
Q1 25
2.2%
13.7%
Q4 24
21.6%
Q3 24
2.4%
14.6%
Q2 24
11.7%
Cash Conversion
ECG
ECG
LBRT
LBRT
Q1 26
Q4 25
0.87×
14.28×
Q3 25
1.34×
1.20×
Q2 25
0.48×
2.40×
Q1 25
0.19×
9.55×
Q4 24
3.42×
Q3 24
1.89×
3.31×
Q2 24
2.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECG
ECG

Commercial$594.5M59%
Utility$203.5M20%
Industrial$82.8M8%
Institutional$66.1M7%
Service And Other$28.4M3%
Transportation$24.2M2%
Renewables$19.8M2%

LBRT
LBRT

Segment breakdown not available.

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