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Side-by-side financial comparison of Edwards Lifesciences (EW) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.

Edwards Lifesciences is the larger business by last-quarter revenue ($1.6B vs $1.0B, roughly 1.6× Liberty Energy Inc.). Edwards Lifesciences runs the higher net margin — 23.1% vs 2.2%, a 20.9% gap on every dollar of revenue. On growth, Edwards Lifesciences posted the faster year-over-year revenue change (16.7% vs 4.5%). Over the past eight quarters, Edwards Lifesciences's revenue compounded faster (9.7% CAGR vs -6.2%).

Edwards Lifesciences Corporation is an American medical technology company headquartered in Irvine, California, specializing in artificial heart valves and hemodynamic monitoring. It developed the Sapien transcatheter aortic heart valve made of cow tissue within a balloon-expandable, cobalt-chromium frame, deployed via catheter.

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.

EW vs LBRT — Head-to-Head

Bigger by revenue
EW
EW
1.6× larger
EW
$1.6B
$1.0B
LBRT
Growing faster (revenue YoY)
EW
EW
+12.2% gap
EW
16.7%
4.5%
LBRT
Higher net margin
EW
EW
20.9% more per $
EW
23.1%
2.2%
LBRT
Faster 2-yr revenue CAGR
EW
EW
Annualised
EW
9.7%
-6.2%
LBRT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EW
EW
LBRT
LBRT
Revenue
$1.6B
$1.0B
Net Profit
$380.7M
$22.6M
Gross Margin
78.0%
Operating Margin
1.8%
2.2%
Net Margin
23.1%
2.2%
Revenue YoY
16.7%
4.5%
Net Profit YoY
6.8%
EPS (diluted)
$0.66
$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
EW
EW
LBRT
LBRT
Q1 26
$1.6B
$1.0B
Q4 25
$1.6B
$1.0B
Q3 25
$1.6B
$947.4M
Q2 25
$1.5B
$1.0B
Q1 25
$1.4B
$977.5M
Q4 24
$1.4B
$943.6M
Q3 24
$1.4B
$1.1B
Q2 24
$1.4B
$1.2B
Net Profit
EW
EW
LBRT
LBRT
Q1 26
$380.7M
$22.6M
Q4 25
$91.2M
$13.7M
Q3 25
$291.1M
$43.1M
Q2 25
$333.2M
$71.0M
Q1 25
$358.0M
$20.1M
Q4 24
$385.6M
$51.9M
Q3 24
$3.1B
$73.8M
Q2 24
$366.3M
$108.4M
Gross Margin
EW
EW
LBRT
LBRT
Q1 26
78.0%
Q4 25
78.1%
20.6%
Q3 25
77.8%
18.7%
Q2 25
77.5%
22.1%
Q1 25
78.7%
22.1%
Q4 24
78.9%
21.4%
Q3 24
80.6%
26.2%
Q2 24
79.9%
27.9%
Operating Margin
EW
EW
LBRT
LBRT
Q1 26
1.8%
2.2%
Q4 25
9.6%
1.9%
Q3 25
19.8%
-0.3%
Q2 25
26.8%
3.6%
Q1 25
27.9%
1.9%
Q4 24
22.6%
2.6%
Q3 24
25.9%
9.4%
Q2 24
26.8%
12.2%
Net Margin
EW
EW
LBRT
LBRT
Q1 26
23.1%
2.2%
Q4 25
5.8%
1.3%
Q3 25
18.7%
4.5%
Q2 25
21.7%
6.8%
Q1 25
25.3%
2.1%
Q4 24
27.8%
5.5%
Q3 24
226.7%
6.5%
Q2 24
26.7%
9.3%
EPS (diluted)
EW
EW
LBRT
LBRT
Q1 26
$0.66
$0.14
Q4 25
$0.16
$0.08
Q3 25
$0.50
$0.26
Q2 25
$0.56
$0.43
Q1 25
$0.61
$0.12
Q4 24
$0.65
$0.31
Q3 24
$5.13
$0.44
Q2 24
$0.61
$0.64

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EW
EW
LBRT
LBRT
Q1 26
$699.1M
Q4 25
$4.2B
$27.6M
Q3 25
$3.8B
$13.5M
Q2 25
$4.1B
$19.6M
Q1 25
$3.9B
$24.1M
Q4 24
$4.0B
$20.0M
Q3 24
$4.4B
$23.0M
Q2 24
$2.0B
$30.0M
Total Debt
EW
EW
LBRT
LBRT
Q1 26
$7.1M
Q4 25
$246.6M
Q3 25
Q2 25
Q1 25
Q4 24
$190.5M
Q3 24
Q2 24
Stockholders' Equity
EW
EW
LBRT
LBRT
Q1 26
$1.9B
Q4 25
$10.3B
$2.1B
Q3 25
$10.2B
$2.1B
Q2 25
$10.5B
$2.0B
Q1 25
$10.1B
$2.0B
Q4 24
$10.0B
$2.0B
Q3 24
$9.5B
$2.0B
Q2 24
$7.4B
$1.9B
Total Assets
EW
EW
LBRT
LBRT
Q1 26
$4.4B
Q4 25
$13.7B
$3.6B
Q3 25
$13.3B
$3.5B
Q2 25
$13.5B
$3.4B
Q1 25
$13.0B
$3.4B
Q4 24
$13.1B
$3.3B
Q3 24
$13.0B
$3.3B
Q2 24
$10.1B
$3.2B
Debt / Equity
EW
EW
LBRT
LBRT
Q1 26
0.00×
Q4 25
0.12×
Q3 25
Q2 25
Q1 25
Q4 24
0.10×
Q3 24
Q2 24

Financial Flow Comparison

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

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