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Side-by-side financial comparison of EnerSys (ENS) 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 $919.1M, roughly 1.1× EnerSys). EnerSys runs the higher net margin — 9.8% vs 2.2%, a 7.6% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs 1.4%). Over the past eight quarters, EnerSys's revenue compounded faster (0.5% CAGR vs -6.2%).
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
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.
ENS vs LBRT — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $919.1M | $1.0B |
| Net Profit | $90.4M | $22.6M |
| Gross Margin | 30.1% | — |
| Operating Margin | 13.5% | 2.2% |
| Net Margin | 9.8% | 2.2% |
| Revenue YoY | 1.4% | 4.5% |
| Net Profit YoY | -21.3% | — |
| EPS (diluted) | $2.40 | $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 | $919.1M | $1.0B | ||
| Q3 25 | $951.3M | $947.4M | ||
| Q2 25 | $893.0M | $1.0B | ||
| Q1 25 | $974.8M | $977.5M | ||
| Q4 24 | $906.2M | $943.6M | ||
| Q3 24 | $883.7M | $1.1B | ||
| Q2 24 | $852.9M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $90.4M | $13.7M | ||
| Q3 25 | $68.4M | $43.1M | ||
| Q2 25 | $57.5M | $71.0M | ||
| Q1 25 | $96.5M | $20.1M | ||
| Q4 24 | $114.8M | $51.9M | ||
| Q3 24 | $82.3M | $73.8M | ||
| Q2 24 | $70.1M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | 30.1% | 20.6% | ||
| Q3 25 | 29.1% | 18.7% | ||
| Q2 25 | 28.4% | 22.1% | ||
| Q1 25 | 31.2% | 22.1% | ||
| Q4 24 | 32.9% | 21.4% | ||
| Q3 24 | 28.5% | 26.2% | ||
| Q2 24 | 27.9% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 13.5% | 1.9% | ||
| Q3 25 | 9.7% | -0.3% | ||
| Q2 25 | 9.7% | 3.6% | ||
| Q1 25 | 13.5% | 1.9% | ||
| Q4 24 | 15.7% | 2.6% | ||
| Q3 24 | 11.2% | 9.4% | ||
| Q2 24 | 10.7% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 9.8% | 1.3% | ||
| Q3 25 | 7.2% | 4.5% | ||
| Q2 25 | 6.4% | 6.8% | ||
| Q1 25 | 9.9% | 2.1% | ||
| Q4 24 | 12.7% | 5.5% | ||
| Q3 24 | 9.3% | 6.5% | ||
| Q2 24 | 8.2% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $2.40 | $0.08 | ||
| Q3 25 | $1.80 | $0.26 | ||
| Q2 25 | $1.46 | $0.43 | ||
| Q1 25 | $2.39 | $0.12 | ||
| Q4 24 | $2.88 | $0.31 | ||
| Q3 24 | $2.01 | $0.44 | ||
| Q2 24 | $1.71 | $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 | $450.1M | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $1.9B | $1.9B |
| Total Assets | $4.0B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $450.1M | $27.6M | ||
| Q3 25 | $388.6M | $13.5M | ||
| Q2 25 | $346.7M | $19.6M | ||
| Q1 25 | $343.1M | $24.1M | ||
| Q4 24 | $463.2M | $20.0M | ||
| Q3 24 | $407.9M | $23.0M | ||
| Q2 24 | $344.1M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | — | $246.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | — | $190.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.9B | $2.0B | ||
| Q4 24 | $1.8B | $2.0B | ||
| Q3 24 | $1.8B | $2.0B | ||
| Q2 24 | $1.8B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $4.0B | $3.6B | ||
| Q3 25 | $4.1B | $3.5B | ||
| Q2 25 | $4.1B | $3.4B | ||
| Q1 25 | $4.0B | $3.4B | ||
| Q4 24 | $4.0B | $3.3B | ||
| Q3 24 | $4.0B | $3.3B | ||
| Q2 24 | $3.6B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.57× | — | ||
| 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 | $184.6M | — |
| Free Cash FlowOCF − Capex | $171.3M | — |
| FCF MarginFCF / Revenue | 18.6% | — |
| Capex IntensityCapex / Revenue | 1.4% | 13.1% |
| Cash ConversionOCF / Net Profit | 2.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $441.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $184.6M | $195.4M | ||
| Q3 25 | $218.0M | $51.5M | ||
| Q2 25 | $968.0K | $170.6M | ||
| Q1 25 | $135.2M | $192.1M | ||
| Q4 24 | $81.1M | $177.3M | ||
| Q3 24 | $33.6M | $244.5M | ||
| Q2 24 | $10.4M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $171.3M | $-10.0M | ||
| Q3 25 | $197.1M | $-67.2M | ||
| Q2 25 | $-32.1M | $33.1M | ||
| Q1 25 | $104.9M | $58.2M | ||
| Q4 24 | $56.8M | $-26.2M | ||
| Q3 24 | $3.3M | $77.9M | ||
| Q2 24 | $-25.7M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 18.6% | -1.0% | ||
| Q3 25 | 20.7% | -7.1% | ||
| Q2 25 | -3.6% | 3.2% | ||
| Q1 25 | 10.8% | 6.0% | ||
| Q4 24 | 6.3% | -2.8% | ||
| Q3 24 | 0.4% | 6.8% | ||
| Q2 24 | -3.0% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 1.4% | 19.8% | ||
| Q3 25 | 2.2% | 12.5% | ||
| Q2 25 | 3.7% | 13.2% | ||
| Q1 25 | 3.1% | 13.7% | ||
| Q4 24 | 2.7% | 21.6% | ||
| Q3 24 | 3.4% | 14.6% | ||
| Q2 24 | 4.2% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.04× | 14.28× | ||
| Q3 25 | 3.19× | 1.20× | ||
| Q2 25 | 0.02× | 2.40× | ||
| Q1 25 | 1.40× | 9.55× | ||
| Q4 24 | 0.71× | 3.42× | ||
| Q3 24 | 0.41× | 3.31× | ||
| Q2 24 | 0.15× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
LBRT
Segment breakdown not available.
