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Side-by-side financial comparison of Hillenbrand, Inc. (HI) 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 $550.2M, roughly 1.9× Hillenbrand, Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs -0.4%, a 2.6% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs -22.2%). Over the past eight quarters, Liberty Energy Inc.'s revenue compounded faster (-6.2% CAGR vs -16.3%).
Hillenbrand, Inc. is a global diversified industrial firm that designs, manufactures, and distributes specialized processing equipment and durable industrial solutions. It serves food & beverage, agriculture, manufacturing, waste management sectors, with operations across North America, Europe, and APAC.
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.
HI vs LBRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $550.2M | $1.0B |
| Net Profit | $-2.2M | $22.6M |
| Gross Margin | 33.4% | — |
| Operating Margin | -2.2% | 2.2% |
| Net Margin | -0.4% | 2.2% |
| Revenue YoY | -22.2% | 4.5% |
| Net Profit YoY | -134.4% | 64.8% |
| EPS (diluted) | — | $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 | $550.2M | $1.0B | ||
| Q3 25 | $652.1M | $947.4M | ||
| Q2 25 | $598.9M | $1.0B | ||
| Q1 25 | $715.9M | $977.5M | ||
| Q4 24 | $706.9M | $943.6M | ||
| Q3 24 | $837.6M | $1.1B | ||
| Q2 24 | $786.6M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-2.2M | $13.7M | ||
| Q3 25 | $75.7M | $43.1M | ||
| Q2 25 | $1.9M | $71.0M | ||
| Q1 25 | $-40.9M | $20.1M | ||
| Q4 24 | $6.4M | $51.9M | ||
| Q3 24 | $14.6M | $73.8M | ||
| Q2 24 | $-248.9M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | 33.4% | 20.6% | ||
| Q3 25 | 34.8% | 18.7% | ||
| Q2 25 | 33.8% | 22.1% | ||
| Q1 25 | 33.0% | 22.1% | ||
| Q4 24 | 33.2% | 21.4% | ||
| Q3 24 | 34.4% | 26.2% | ||
| Q2 24 | 33.9% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -2.2% | 1.9% | ||
| Q3 25 | — | -0.3% | ||
| Q2 25 | 1.8% | 3.6% | ||
| Q1 25 | -6.2% | 1.9% | ||
| Q4 24 | 2.2% | 2.6% | ||
| Q3 24 | — | 9.4% | ||
| Q2 24 | -32.7% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -0.4% | 1.3% | ||
| Q3 25 | 11.6% | 4.5% | ||
| Q2 25 | 0.3% | 6.8% | ||
| Q1 25 | -5.7% | 2.1% | ||
| Q4 24 | 0.9% | 5.5% | ||
| Q3 24 | 1.7% | 6.5% | ||
| Q2 24 | -31.6% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | — | $0.08 | ||
| Q3 25 | $1.07 | $0.26 | ||
| Q2 25 | $0.03 | $0.43 | ||
| Q1 25 | $-0.58 | $0.12 | ||
| Q4 24 | $0.09 | $0.31 | ||
| Q3 24 | $0.20 | $0.44 | ||
| Q2 24 | $-3.53 | $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 | $173.1M | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $1.4B | $1.9B |
| Total Assets | $4.5B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $173.1M | $27.6M | ||
| Q3 25 | $164.8M | $13.5M | ||
| Q2 25 | $162.8M | $19.6M | ||
| Q1 25 | $458.4M | $24.1M | ||
| Q4 24 | $208.0M | $20.0M | ||
| Q3 24 | $199.3M | $23.0M | ||
| Q2 24 | $223.8M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | — | $246.6M | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | $190.5M | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $2.1B | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.4B | $2.0B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.4B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $4.5B | $3.6B | ||
| Q3 25 | $4.5B | $3.5B | ||
| Q2 25 | $4.7B | $3.4B | ||
| Q1 25 | $4.8B | $3.4B | ||
| Q4 24 | $5.1B | $3.3B | ||
| Q3 24 | $5.2B | $3.3B | ||
| Q2 24 | $5.3B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.27× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.38× | 0.10× | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.48× | — |
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 | $-27.4M | — |
| Free Cash FlowOCF − Capex | $-31.6M | — |
| FCF MarginFCF / Revenue | -5.7% | — |
| Capex IntensityCapex / Revenue | 0.8% | 13.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-27.4M | $195.4M | ||
| Q3 25 | $67.7M | $51.5M | ||
| Q2 25 | $-1.5M | $170.6M | ||
| Q1 25 | $1.3M | $192.1M | ||
| Q4 24 | $-11.3M | $177.3M | ||
| Q3 24 | $166.5M | $244.5M | ||
| Q2 24 | $45.6M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-31.6M | $-10.0M | ||
| Q3 25 | $58.6M | $-67.2M | ||
| Q2 25 | $-11.2M | $33.1M | ||
| Q1 25 | $-8.0M | $58.2M | ||
| Q4 24 | $-21.5M | $-26.2M | ||
| Q3 24 | $153.4M | $77.9M | ||
| Q2 24 | $29.7M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | -5.7% | -1.0% | ||
| Q3 25 | 9.0% | -7.1% | ||
| Q2 25 | -1.9% | 3.2% | ||
| Q1 25 | -1.1% | 6.0% | ||
| Q4 24 | -3.0% | -2.8% | ||
| Q3 24 | 18.3% | 6.8% | ||
| Q2 24 | 3.8% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 0.8% | 19.8% | ||
| Q3 25 | 1.4% | 12.5% | ||
| Q2 25 | 1.6% | 13.2% | ||
| Q1 25 | 1.3% | 13.7% | ||
| Q4 24 | 1.4% | 21.6% | ||
| Q3 24 | 1.6% | 14.6% | ||
| Q2 24 | 2.0% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.28× | ||
| Q3 25 | 0.89× | 1.20× | ||
| Q2 25 | -0.79× | 2.40× | ||
| Q1 25 | — | 9.55× | ||
| Q4 24 | -1.77× | 3.42× | ||
| Q3 24 | 11.40× | 3.31× | ||
| Q2 24 | — | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HI
| Transferred At Point In Time | $256.5M | 47% |
| Transferred Over Time | $207.1M | 38% |
| Molding Technology Solutions | $86.6M | 16% |
LBRT
Segment breakdown not available.
