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Side-by-side financial comparison of Garmin (GRMN) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Garmin is the larger business by last-quarter revenue ($1.8B vs $1.0B, roughly 1.7× Liberty Energy Inc.). Garmin runs the higher net margin — 23.1% vs 2.2%, a 20.9% gap on every dollar of revenue. On growth, Garmin posted the faster year-over-year revenue change (14.0% vs 4.5%). Over the past eight quarters, Garmin's revenue compounded faster (7.9% CAGR vs -6.2%).
Garmin Ltd. is an American multinational technology company based in Olathe, Kansas. The company designs, develops, manufactures, markets, and distributes GPS-enabled products and other navigation, communication, sensor-based, and information products to the automotive, aviation, marine, outdoors, and sport markets.
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.
GRMN vs LBRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $1.0B |
| Net Profit | $405.1M | $22.6M |
| Gross Margin | 59.4% | — |
| Operating Margin | 24.6% | 2.2% |
| Net Margin | 23.1% | 2.2% |
| Revenue YoY | 14.0% | 4.5% |
| Net Profit YoY | 21.7% | — |
| EPS (diluted) | $2.09 | $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 | $1.8B | $1.0B | ||
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $1.8B | $947.4M | ||
| Q2 25 | $1.8B | $1.0B | ||
| Q1 25 | $1.5B | $977.5M | ||
| Q4 24 | $1.8B | $943.6M | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.5B | $1.2B |
| Q1 26 | $405.1M | $22.6M | ||
| Q4 25 | $528.7M | $13.7M | ||
| Q3 25 | $401.6M | $43.1M | ||
| Q2 25 | $400.8M | $71.0M | ||
| Q1 25 | $332.8M | $20.1M | ||
| Q4 24 | $435.7M | $51.9M | ||
| Q3 24 | $399.1M | $73.8M | ||
| Q2 24 | $300.6M | $108.4M |
| Q1 26 | 59.4% | — | ||
| Q4 25 | 59.2% | 20.6% | ||
| Q3 25 | 59.1% | 18.7% | ||
| Q2 25 | 58.8% | 22.1% | ||
| Q1 25 | 57.6% | 22.1% | ||
| Q4 24 | 59.3% | 21.4% | ||
| Q3 24 | 60.0% | 26.2% | ||
| Q2 24 | 57.3% | 27.9% |
| Q1 26 | 24.6% | 2.2% | ||
| Q4 25 | 28.9% | 1.9% | ||
| Q3 25 | 25.8% | -0.3% | ||
| Q2 25 | 26.0% | 3.6% | ||
| Q1 25 | 21.7% | 1.9% | ||
| Q4 24 | 28.3% | 2.6% | ||
| Q3 24 | 27.6% | 9.4% | ||
| Q2 24 | 22.7% | 12.2% |
| Q1 26 | 23.1% | 2.2% | ||
| Q4 25 | 24.9% | 1.3% | ||
| Q3 25 | 22.7% | 4.5% | ||
| Q2 25 | 22.1% | 6.8% | ||
| Q1 25 | 21.7% | 2.1% | ||
| Q4 24 | 23.9% | 5.5% | ||
| Q3 24 | 25.2% | 6.5% | ||
| Q2 24 | 20.0% | 9.3% |
| Q1 26 | $2.09 | $0.14 | ||
| Q4 25 | $2.72 | $0.08 | ||
| Q3 25 | $2.08 | $0.26 | ||
| Q2 25 | $2.07 | $0.43 | ||
| Q1 25 | $1.72 | $0.12 | ||
| Q4 24 | $2.24 | $0.31 | ||
| Q3 24 | $2.07 | $0.44 | ||
| Q2 24 | $1.56 | $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 | $2.3B | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | — | $1.9B |
| Total Assets | $11.0B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3B | $699.1M | ||
| Q4 25 | $2.3B | $27.6M | ||
| Q3 25 | $2.1B | $13.5M | ||
| Q2 25 | $2.1B | $19.6M | ||
| Q1 25 | $2.2B | $24.1M | ||
| Q4 24 | $2.1B | $20.0M | ||
| Q3 24 | $2.0B | $23.0M | ||
| Q2 24 | $1.9B | $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 | $9.0B | $2.1B | ||
| Q3 25 | $8.5B | $2.1B | ||
| Q2 25 | $8.1B | $2.0B | ||
| Q1 25 | $8.2B | $2.0B | ||
| Q4 24 | $7.8B | $2.0B | ||
| Q3 24 | $7.5B | $2.0B | ||
| Q2 24 | $7.0B | $1.9B |
| Q1 26 | $11.0B | $4.4B | ||
| Q4 25 | $11.0B | $3.6B | ||
| Q3 25 | $10.5B | $3.5B | ||
| Q2 25 | $10.3B | $3.4B | ||
| Q1 25 | $9.8B | $3.4B | ||
| Q4 24 | $9.6B | $3.3B | ||
| Q3 24 | $9.3B | $3.3B | ||
| Q2 24 | $8.9B | $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 | $536.0M | — |
| Free Cash FlowOCF − Capex | $469.4M | — |
| FCF MarginFCF / Revenue | 26.8% | — |
| Capex IntensityCapex / Revenue | — | 13.1% |
| Cash ConversionOCF / Net Profit | 1.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $536.0M | — | ||
| Q4 25 | $553.8M | $195.4M | ||
| Q3 25 | $485.6M | $51.5M | ||
| Q2 25 | $173.2M | $170.6M | ||
| Q1 25 | $420.8M | $192.1M | ||
| Q4 24 | $483.9M | $177.3M | ||
| Q3 24 | $258.0M | $244.5M | ||
| Q2 24 | $255.3M | $248.2M |
| Q1 26 | $469.4M | — | ||
| Q4 25 | $429.6M | $-10.0M | ||
| Q3 25 | $425.1M | $-67.2M | ||
| Q2 25 | $127.5M | $33.1M | ||
| Q1 25 | $380.7M | $58.2M | ||
| Q4 24 | $399.2M | $-26.2M | ||
| Q3 24 | $219.4M | $77.9M | ||
| Q2 24 | $218.2M | $112.2M |
| Q1 26 | 26.8% | — | ||
| Q4 25 | 20.2% | -1.0% | ||
| Q3 25 | 24.0% | -7.1% | ||
| Q2 25 | 7.0% | 3.2% | ||
| Q1 25 | 24.8% | 6.0% | ||
| Q4 24 | 21.9% | -2.8% | ||
| Q3 24 | 13.8% | 6.8% | ||
| Q2 24 | 14.5% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 5.8% | 19.8% | ||
| Q3 25 | 3.4% | 12.5% | ||
| Q2 25 | 2.5% | 13.2% | ||
| Q1 25 | 2.6% | 13.7% | ||
| Q4 24 | 4.6% | 21.6% | ||
| Q3 24 | 2.4% | 14.6% | ||
| Q2 24 | 2.5% | 11.7% |
| Q1 26 | 1.32× | — | ||
| Q4 25 | 1.05× | 14.28× | ||
| Q3 25 | 1.21× | 1.20× | ||
| Q2 25 | 0.43× | 2.40× | ||
| Q1 25 | 1.26× | 9.55× | ||
| Q4 24 | 1.11× | 3.42× | ||
| Q3 24 | 0.65× | 3.31× | ||
| Q2 24 | 0.85× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
