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Side-by-side financial comparison of Grab Holdings Ltd (GRAB) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.

Grab Holdings Ltd is the larger business by last-quarter revenue ($1.5B vs $1.0B, roughly 1.4× Liberty Energy Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs 1.8%, a 0.5% gap on every dollar of revenue.

Grab Holdings Inc. is a Singaporean multinational technology company headquartered in one-north, Singapore. It is the developer of a super-app for ride-hailing, food delivery, and digital payment services on mobile devices. It operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.

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.

GRAB vs LBRT — Head-to-Head

Bigger by revenue
GRAB
GRAB
1.4× larger
GRAB
$1.5B
$1.0B
LBRT
Higher net margin
LBRT
LBRT
0.5% more per $
LBRT
2.2%
1.8%
GRAB

Income Statement — Q4 FY2024 vs Q1 FY2026

Metric
GRAB
GRAB
LBRT
LBRT
Revenue
$1.5B
$1.0B
Net Profit
$26.0M
$22.6M
Gross Margin
43.1%
Operating Margin
-2.5%
2.2%
Net Margin
1.8%
2.2%
Revenue YoY
4.5%
Net Profit YoY
64.8%
EPS (diluted)
$0.01
$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
GRAB
GRAB
LBRT
LBRT
Q1 26
$1.0B
Q4 25
$1.0B
Q3 25
$947.4M
Q2 25
$1.0B
Q1 25
$977.5M
Q4 24
$1.5B
$943.6M
Q3 24
$1.1B
Q2 24
$1.2B
Net Profit
GRAB
GRAB
LBRT
LBRT
Q1 26
$22.6M
Q4 25
$13.7M
Q3 25
$43.1M
Q2 25
$71.0M
Q1 25
$20.1M
Q4 24
$26.0M
$51.9M
Q3 24
$73.8M
Q2 24
$108.4M
Gross Margin
GRAB
GRAB
LBRT
LBRT
Q1 26
Q4 25
20.6%
Q3 25
18.7%
Q2 25
22.1%
Q1 25
22.1%
Q4 24
43.1%
21.4%
Q3 24
26.2%
Q2 24
27.9%
Operating Margin
GRAB
GRAB
LBRT
LBRT
Q1 26
2.2%
Q4 25
1.9%
Q3 25
-0.3%
Q2 25
3.6%
Q1 25
1.9%
Q4 24
-2.5%
2.6%
Q3 24
9.4%
Q2 24
12.2%
Net Margin
GRAB
GRAB
LBRT
LBRT
Q1 26
2.2%
Q4 25
1.3%
Q3 25
4.5%
Q2 25
6.8%
Q1 25
2.1%
Q4 24
1.8%
5.5%
Q3 24
6.5%
Q2 24
9.3%
EPS (diluted)
GRAB
GRAB
LBRT
LBRT
Q1 26
$0.14
Q4 25
$0.08
Q3 25
$0.26
Q2 25
$0.43
Q1 25
$0.12
Q4 24
$0.01
$0.31
Q3 24
$0.44
Q2 24
$0.64

Balance Sheet & Financial Strength

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

Metric
GRAB
GRAB
LBRT
LBRT
Cash + ST InvestmentsLiquidity on hand
$3.0B
$699.1M
Total DebtLower is stronger
$7.1M
Stockholders' EquityBook value
$6.4B
$1.9B
Total Assets
$9.3B
$4.4B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRAB
GRAB
LBRT
LBRT
Q1 26
$699.1M
Q4 25
$27.6M
Q3 25
$13.5M
Q2 25
$19.6M
Q1 25
$24.1M
Q4 24
$3.0B
$20.0M
Q3 24
$23.0M
Q2 24
$30.0M
Total Debt
GRAB
GRAB
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
GRAB
GRAB
LBRT
LBRT
Q1 26
$1.9B
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$6.4B
$2.0B
Q3 24
$2.0B
Q2 24
$1.9B
Total Assets
GRAB
GRAB
LBRT
LBRT
Q1 26
$4.4B
Q4 25
$3.6B
Q3 25
$3.5B
Q2 25
$3.4B
Q1 25
$3.4B
Q4 24
$9.3B
$3.3B
Q3 24
$3.3B
Q2 24
$3.2B
Debt / Equity
GRAB
GRAB
LBRT
LBRT
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
GRAB
GRAB
LBRT
LBRT
Operating Cash FlowLast quarter
$591.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
13.1%
Cash ConversionOCF / Net Profit
22.73×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRAB
GRAB
LBRT
LBRT
Q1 26
Q4 25
$195.4M
Q3 25
$51.5M
Q2 25
$170.6M
Q1 25
$192.1M
Q4 24
$591.0M
$177.3M
Q3 24
$244.5M
Q2 24
$248.2M
Free Cash Flow
GRAB
GRAB
LBRT
LBRT
Q1 26
Q4 25
$-10.0M
Q3 25
$-67.2M
Q2 25
$33.1M
Q1 25
$58.2M
Q4 24
$-26.2M
Q3 24
$77.9M
Q2 24
$112.2M
FCF Margin
GRAB
GRAB
LBRT
LBRT
Q1 26
Q4 25
-1.0%
Q3 25
-7.1%
Q2 25
3.2%
Q1 25
6.0%
Q4 24
-2.8%
Q3 24
6.8%
Q2 24
9.7%
Capex Intensity
GRAB
GRAB
LBRT
LBRT
Q1 26
13.1%
Q4 25
19.8%
Q3 25
12.5%
Q2 25
13.2%
Q1 25
13.7%
Q4 24
21.6%
Q3 24
14.6%
Q2 24
11.7%
Cash Conversion
GRAB
GRAB
LBRT
LBRT
Q1 26
Q4 25
14.28×
Q3 25
1.20×
Q2 25
2.40×
Q1 25
9.55×
Q4 24
22.73×
3.42×
Q3 24
3.31×
Q2 24
2.29×

Financial Flow Comparison

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

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