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Side-by-side financial comparison of Fabrinet (FN) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.1× Liberty Energy Inc.). Fabrinet runs the higher net margin — 9.9% vs 2.2%, a 7.7% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 4.5%). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs -6.2%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
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.
FN vs LBRT — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.0B |
| Net Profit | $112.6M | $22.6M |
| Gross Margin | 12.2% | — |
| Operating Margin | 10.1% | 2.2% |
| Net Margin | 9.9% | 2.2% |
| Revenue YoY | 35.9% | 4.5% |
| Net Profit YoY | 30.0% | — |
| EPS (diluted) | $3.11 | $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 | $1.1B | $1.0B | ||
| Q3 25 | $978.1M | $947.4M | ||
| Q2 25 | $909.7M | $1.0B | ||
| Q1 25 | $871.8M | $977.5M | ||
| Q4 24 | $833.6M | $943.6M | ||
| Q3 24 | $804.2M | $1.1B | ||
| Q2 24 | $753.3M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $112.6M | $13.7M | ||
| Q3 25 | $95.9M | $43.1M | ||
| Q2 25 | $87.2M | $71.0M | ||
| Q1 25 | $81.3M | $20.1M | ||
| Q4 24 | $86.6M | $51.9M | ||
| Q3 24 | $77.4M | $73.8M | ||
| Q2 24 | $81.1M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | 20.6% | ||
| Q3 25 | 11.9% | 18.7% | ||
| Q2 25 | 12.2% | 22.1% | ||
| Q1 25 | 11.7% | 22.1% | ||
| Q4 24 | 12.1% | 21.4% | ||
| Q3 24 | 12.3% | 26.2% | ||
| Q2 24 | 12.3% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 10.1% | 1.9% | ||
| Q3 25 | 9.6% | -0.3% | ||
| Q2 25 | 9.8% | 3.6% | ||
| Q1 25 | 9.0% | 1.9% | ||
| Q4 24 | 9.5% | 2.6% | ||
| Q3 24 | 9.6% | 9.4% | ||
| Q2 24 | 9.7% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 9.9% | 1.3% | ||
| Q3 25 | 9.8% | 4.5% | ||
| Q2 25 | 9.6% | 6.8% | ||
| Q1 25 | 9.3% | 2.1% | ||
| Q4 24 | 10.4% | 5.5% | ||
| Q3 24 | 9.6% | 6.5% | ||
| Q2 24 | 10.8% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $3.11 | $0.08 | ||
| Q3 25 | $2.66 | $0.26 | ||
| Q2 25 | $2.41 | $0.43 | ||
| Q1 25 | $2.25 | $0.12 | ||
| Q4 24 | $2.38 | $0.31 | ||
| Q3 24 | $2.13 | $0.44 | ||
| Q2 24 | $2.22 | $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 | $960.8M | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $2.2B | $1.9B |
| Total Assets | $3.3B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $960.8M | $27.6M | ||
| Q3 25 | $968.8M | $13.5M | ||
| Q2 25 | $934.2M | $19.6M | ||
| Q1 25 | $950.7M | $24.1M | ||
| Q4 24 | $934.6M | $20.0M | ||
| Q3 24 | $908.9M | $23.0M | ||
| Q2 24 | $858.6M | $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 | — | $1.9B | ||
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | $2.0B | $2.0B | ||
| Q1 25 | $1.9B | $2.0B | ||
| Q4 24 | $1.8B | $2.0B | ||
| Q3 24 | $1.8B | $2.0B | ||
| Q2 24 | $1.7B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $3.3B | $3.6B | ||
| Q3 25 | $3.0B | $3.5B | ||
| Q2 25 | $2.8B | $3.4B | ||
| Q1 25 | $2.6B | $3.4B | ||
| Q4 24 | $2.5B | $3.3B | ||
| Q3 24 | $2.4B | $3.3B | ||
| Q2 24 | $2.3B | $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 | $46.3M | — |
| Free Cash FlowOCF − Capex | $-5.3M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | 4.6% | 13.1% |
| Cash ConversionOCF / Net Profit | 0.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $46.3M | $195.4M | ||
| Q3 25 | $102.6M | $51.5M | ||
| Q2 25 | $55.1M | $170.6M | ||
| Q1 25 | $74.2M | $192.1M | ||
| Q4 24 | $115.9M | $177.3M | ||
| Q3 24 | $83.2M | $244.5M | ||
| Q2 24 | $83.1M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-5.3M | $-10.0M | ||
| Q3 25 | $57.3M | $-67.2M | ||
| Q2 25 | $4.7M | $33.1M | ||
| Q1 25 | $45.7M | $58.2M | ||
| Q4 24 | $94.0M | $-26.2M | ||
| Q3 24 | $62.9M | $77.9M | ||
| Q2 24 | $70.4M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | -1.0% | ||
| Q3 25 | 5.9% | -7.1% | ||
| Q2 25 | 0.5% | 3.2% | ||
| Q1 25 | 5.2% | 6.0% | ||
| Q4 24 | 11.3% | -2.8% | ||
| Q3 24 | 7.8% | 6.8% | ||
| Q2 24 | 9.3% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 4.6% | 19.8% | ||
| Q3 25 | 4.6% | 12.5% | ||
| Q2 25 | 5.5% | 13.2% | ||
| Q1 25 | 3.3% | 13.7% | ||
| Q4 24 | 2.6% | 21.6% | ||
| Q3 24 | 2.5% | 14.6% | ||
| Q2 24 | 1.7% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.41× | 14.28× | ||
| Q3 25 | 1.07× | 1.20× | ||
| Q2 25 | 0.63× | 2.40× | ||
| Q1 25 | 0.91× | 9.55× | ||
| Q4 24 | 1.34× | 3.42× | ||
| Q3 24 | 1.07× | 3.31× | ||
| Q2 24 | 1.02× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
LBRT
Segment breakdown not available.
