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Side-by-side financial comparison of F5, Inc. (FFIV) 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 $811.7M, roughly 1.3× F5, Inc.). F5, Inc. runs the higher net margin — 18.2% vs 2.2%, a 16.0% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (11.0% vs 4.5%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% CAGR vs -6.2%).
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
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.
FFIV vs LBRT — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $811.7M | $1.0B |
| Net Profit | $148.0M | $22.6M |
| Gross Margin | 81.4% | — |
| Operating Margin | 22.1% | 2.2% |
| Net Margin | 18.2% | 2.2% |
| Revenue YoY | 11.0% | 4.5% |
| Net Profit YoY | 1.5% | — |
| EPS (diluted) | $2.58 | $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 | $811.7M | $1.0B | ||
| Q4 25 | $822.5M | $1.0B | ||
| Q3 25 | $810.1M | $947.4M | ||
| Q2 25 | $780.4M | $1.0B | ||
| Q1 25 | $731.1M | $977.5M | ||
| Q4 24 | $766.5M | $943.6M | ||
| Q3 24 | $746.7M | $1.1B | ||
| Q2 24 | $695.5M | $1.2B |
| Q1 26 | $148.0M | $22.6M | ||
| Q4 25 | $180.1M | $13.7M | ||
| Q3 25 | $190.5M | $43.1M | ||
| Q2 25 | $189.9M | $71.0M | ||
| Q1 25 | $145.5M | $20.1M | ||
| Q4 24 | $166.4M | $51.9M | ||
| Q3 24 | $165.3M | $73.8M | ||
| Q2 24 | $144.1M | $108.4M |
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.5% | 20.6% | ||
| Q3 25 | 82.2% | 18.7% | ||
| Q2 25 | 81.0% | 22.1% | ||
| Q1 25 | 80.7% | 22.1% | ||
| Q4 24 | 81.7% | 21.4% | ||
| Q3 24 | 80.8% | 26.2% | ||
| Q2 24 | 80.4% | 27.9% |
| Q1 26 | 22.1% | 2.2% | ||
| Q4 25 | 26.0% | 1.9% | ||
| Q3 25 | 25.4% | -0.3% | ||
| Q2 25 | 25.2% | 3.6% | ||
| Q1 25 | 21.7% | 1.9% | ||
| Q4 24 | 26.8% | 2.6% | ||
| Q3 24 | 25.6% | 9.4% | ||
| Q2 24 | 23.4% | 12.2% |
| Q1 26 | 18.2% | 2.2% | ||
| Q4 25 | 21.9% | 1.3% | ||
| Q3 25 | 23.5% | 4.5% | ||
| Q2 25 | 24.3% | 6.8% | ||
| Q1 25 | 19.9% | 2.1% | ||
| Q4 24 | 21.7% | 5.5% | ||
| Q3 24 | 22.1% | 6.5% | ||
| Q2 24 | 20.7% | 9.3% |
| Q1 26 | $2.58 | $0.14 | ||
| Q4 25 | $3.10 | $0.08 | ||
| Q3 25 | $3.25 | $0.26 | ||
| Q2 25 | $3.25 | $0.43 | ||
| Q1 25 | $2.48 | $0.12 | ||
| Q4 24 | $2.82 | $0.31 | ||
| Q3 24 | $2.79 | $0.44 | ||
| Q2 24 | $2.44 | $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 | $1.4B | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $3.6B | $1.9B |
| Total Assets | $6.5B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | $699.1M | ||
| Q4 25 | $1.2B | $27.6M | ||
| Q3 25 | $1.3B | $13.5M | ||
| Q2 25 | $1.4B | $19.6M | ||
| Q1 25 | $1.3B | $24.1M | ||
| Q4 24 | $1.2B | $20.0M | ||
| Q3 24 | $1.1B | $23.0M | ||
| Q2 24 | $935.6M | $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 | $3.6B | $1.9B | ||
| Q4 25 | $3.5B | $2.1B | ||
| Q3 25 | $3.6B | $2.1B | ||
| Q2 25 | $3.5B | $2.0B | ||
| Q1 25 | $3.3B | $2.0B | ||
| Q4 24 | $3.2B | $2.0B | ||
| Q3 24 | $3.1B | $2.0B | ||
| Q2 24 | $3.0B | $1.9B |
| Q1 26 | $6.5B | $4.4B | ||
| Q4 25 | $6.3B | $3.6B | ||
| Q3 25 | $6.3B | $3.5B | ||
| Q2 25 | $6.1B | $3.4B | ||
| Q1 25 | $5.9B | $3.4B | ||
| Q4 24 | $5.9B | $3.3B | ||
| Q3 24 | $5.6B | $3.3B | ||
| Q2 24 | $5.4B | $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 | $525.1M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 13.1% |
| Cash ConversionOCF / Net Profit | 3.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $195.4M | ||
| Q3 25 | $208.1M | $51.5M | ||
| Q2 25 | $282.2M | $170.6M | ||
| Q1 25 | $256.6M | $192.1M | ||
| Q4 24 | $202.8M | $177.3M | ||
| Q3 24 | $246.5M | $244.5M | ||
| Q2 24 | $159.0M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $-10.0M | ||
| Q3 25 | $191.9M | $-67.2M | ||
| Q2 25 | $273.7M | $33.1M | ||
| Q1 25 | $246.1M | $58.2M | ||
| Q4 24 | $194.7M | $-26.2M | ||
| Q3 24 | $240.4M | $77.9M | ||
| Q2 24 | $153.1M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | -1.0% | ||
| Q3 25 | 23.7% | -7.1% | ||
| Q2 25 | 35.1% | 3.2% | ||
| Q1 25 | 33.7% | 6.0% | ||
| Q4 24 | 25.4% | -2.8% | ||
| Q3 24 | 32.2% | 6.8% | ||
| Q2 24 | 22.0% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 1.2% | 19.8% | ||
| Q3 25 | 2.0% | 12.5% | ||
| Q2 25 | 1.1% | 13.2% | ||
| Q1 25 | 1.4% | 13.7% | ||
| Q4 24 | 1.1% | 21.6% | ||
| Q3 24 | 0.8% | 14.6% | ||
| Q2 24 | 0.8% | 11.7% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | 14.28× | ||
| Q3 25 | 1.09× | 1.20× | ||
| Q2 25 | 1.49× | 2.40× | ||
| Q1 25 | 1.76× | 9.55× | ||
| Q4 24 | 1.22× | 3.42× | ||
| Q3 24 | 1.49× | 3.31× | ||
| Q2 24 | 1.10× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
