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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
HERTZ GLOBAL HOLDINGS, INC is the larger business by last-quarter revenue ($2.0B vs $1.0B, roughly 2.0× Liberty Energy Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs -9.6%, a 11.8% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs -0.6%). Over the past eight quarters, HERTZ GLOBAL HOLDINGS, INC's revenue compounded faster (-1.3% CAGR vs -6.2%).
Hertz Global Holdings, Inc., known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental, and Thrifty Car Rental.
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.
HTZ vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.0B |
| Net Profit | $-194.0M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | -11.0% | 2.2% |
| Net Margin | -9.6% | 2.2% |
| Revenue YoY | -0.6% | 4.5% |
| Net Profit YoY | 59.5% | 64.8% |
| EPS (diluted) | $-0.46 | $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 | $2.0B | $1.0B | ||
| Q3 25 | $2.5B | $947.4M | ||
| Q2 25 | $2.2B | $1.0B | ||
| Q1 25 | $1.8B | $977.5M | ||
| Q4 24 | $2.0B | $943.6M | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.4B | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-194.0M | $13.7M | ||
| Q3 25 | $184.0M | $43.1M | ||
| Q2 25 | $-294.0M | $71.0M | ||
| Q1 25 | $-443.0M | $20.1M | ||
| Q4 24 | $-479.0M | $51.9M | ||
| Q3 24 | $-1.3B | $73.8M | ||
| Q2 24 | $-865.0M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -11.0% | 1.9% | ||
| Q3 25 | 9.4% | -0.3% | ||
| Q2 25 | -14.5% | 3.6% | ||
| Q1 25 | -29.0% | 1.9% | ||
| Q4 24 | -27.6% | 2.6% | ||
| Q3 24 | -62.9% | 9.4% | ||
| Q2 24 | -20.1% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -9.6% | 1.3% | ||
| Q3 25 | 7.4% | 4.5% | ||
| Q2 25 | -13.5% | 6.8% | ||
| Q1 25 | -24.4% | 2.1% | ||
| Q4 24 | -23.5% | 5.5% | ||
| Q3 24 | -51.7% | 6.5% | ||
| Q2 24 | -36.8% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.46 | $0.08 | ||
| Q3 25 | $0.42 | $0.26 | ||
| Q2 25 | $-0.95 | $0.43 | ||
| Q1 25 | $-1.44 | $0.12 | ||
| Q4 24 | $-1.57 | $0.31 | ||
| Q3 24 | $-4.34 | $0.44 | ||
| Q2 24 | $-2.82 | $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 | $565.0M | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $-459.0M | $1.9B |
| Total Assets | $22.3B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $565.0M | $27.6M | ||
| Q3 25 | $1.1B | $13.5M | ||
| Q2 25 | $503.0M | $19.6M | ||
| Q1 25 | $626.0M | $24.1M | ||
| Q4 24 | $592.0M | $20.0M | ||
| Q3 24 | $501.0M | $23.0M | ||
| Q2 24 | $568.0M | $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 | $-459.0M | $2.1B | ||
| Q3 25 | $-317.0M | $2.1B | ||
| Q2 25 | $-504.0M | $2.0B | ||
| Q1 25 | $-262.0M | $2.0B | ||
| Q4 24 | $153.0M | $2.0B | ||
| Q3 24 | $681.0M | $2.0B | ||
| Q2 24 | $2.0B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $22.3B | $3.6B | ||
| Q3 25 | $23.0B | $3.5B | ||
| Q2 25 | $23.1B | $3.4B | ||
| Q1 25 | $22.0B | $3.4B | ||
| Q4 24 | $21.8B | $3.3B | ||
| Q3 24 | $23.0B | $3.3B | ||
| Q2 24 | $25.2B | $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 | $193.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 13.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $193.0M | $195.4M | ||
| Q3 25 | $835.0M | $51.5M | ||
| Q2 25 | $346.0M | $170.6M | ||
| Q1 25 | $251.0M | $192.1M | ||
| Q4 24 | $414.0M | $177.3M | ||
| Q3 24 | $894.0M | $244.5M | ||
| Q2 24 | $546.0M | $248.2M |
| 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 |
| 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% |
| 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% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.28× | ||
| Q3 25 | 4.54× | 1.20× | ||
| Q2 25 | — | 2.40× | ||
| Q1 25 | — | 9.55× | ||
| Q4 24 | — | 3.42× | ||
| Q3 24 | — | 3.31× | ||
| Q2 24 | — | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
