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Side-by-side financial comparison of Interactive Brokers Group, Inc. (IBKR) 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 $667.0M, roughly 1.5× Interactive Brokers Group, Inc.). Interactive Brokers Group, Inc. runs the higher net margin — 180.1% vs 2.2%, a 177.9% gap on every dollar of revenue. On growth, Interactive Brokers Group, Inc. posted the faster year-over-year revenue change (19.5% vs 4.5%). Over the past eight quarters, Interactive Brokers Group, Inc.'s revenue compounded faster (23.4% CAGR vs -6.2%).

Interactive Brokers, Inc. is an American multinational brokerage firm headquartered in Greenwich, Connecticut. It operates the largest electronic trading platform in the United States by number of daily average revenue trades. In 2024, the platform processed an average of 2.6 million trades per trading day. Interactive Brokers is the largest foreign exchange market broker and is one of the largest prime brokers servicing commodity brokers. The company brokers stocks, options, futures contract...

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.

IBKR vs LBRT — Head-to-Head

Bigger by revenue
LBRT
LBRT
1.5× larger
LBRT
$1.0B
$667.0M
IBKR
Growing faster (revenue YoY)
IBKR
IBKR
+15.1% gap
IBKR
19.5%
4.5%
LBRT
Higher net margin
IBKR
IBKR
177.9% more per $
IBKR
180.1%
2.2%
LBRT
Faster 2-yr revenue CAGR
IBKR
IBKR
Annualised
IBKR
23.4%
-6.2%
LBRT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IBKR
IBKR
LBRT
LBRT
Revenue
$667.0M
$1.0B
Net Profit
$1.2B
$22.6M
Gross Margin
Operating Margin
2.2%
Net Margin
180.1%
2.2%
Revenue YoY
19.5%
4.5%
Net Profit YoY
23.9%
EPS (diluted)
$-0.82
$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
IBKR
IBKR
LBRT
LBRT
Q1 26
$1.0B
Q4 25
$667.0M
$1.0B
Q3 25
$603.0M
$947.4M
Q2 25
$578.0M
$1.0B
Q1 25
$592.0M
$977.5M
Q4 24
$558.0M
$943.6M
Q3 24
$507.0M
$1.1B
Q2 24
$474.0M
$1.2B
Net Profit
IBKR
IBKR
LBRT
LBRT
Q1 26
$22.6M
Q4 25
$1.2B
$13.7M
Q3 25
$1.2B
$43.1M
Q2 25
$1.0B
$71.0M
Q1 25
$964.0M
$20.1M
Q4 24
$969.0M
$51.9M
Q3 24
$834.0M
$73.8M
Q2 24
$809.0M
$108.4M
Gross Margin
IBKR
IBKR
LBRT
LBRT
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%
Operating Margin
IBKR
IBKR
LBRT
LBRT
Q1 26
2.2%
Q4 25
1.9%
Q3 25
-0.3%
Q2 25
3.6%
Q1 25
1.9%
Q4 24
2.6%
Q3 24
9.4%
Q2 24
12.2%
Net Margin
IBKR
IBKR
LBRT
LBRT
Q1 26
2.2%
Q4 25
180.1%
1.3%
Q3 25
196.7%
4.5%
Q2 25
174.0%
6.8%
Q1 25
162.8%
2.1%
Q4 24
173.7%
5.5%
Q3 24
164.5%
6.5%
Q2 24
170.7%
9.3%
EPS (diluted)
IBKR
IBKR
LBRT
LBRT
Q1 26
$0.14
Q4 25
$-0.82
$0.08
Q3 25
$0.59
$0.26
Q2 25
$0.51
$0.43
Q1 25
$1.94
$0.12
Q4 24
$2.00
$0.31
Q3 24
$1.67
$0.44
Q2 24
$1.65
$0.64

Balance Sheet & Financial Strength

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

Metric
IBKR
IBKR
LBRT
LBRT
Cash + ST InvestmentsLiquidity on hand
$5.0B
$699.1M
Total DebtLower is stronger
$7.1M
Stockholders' EquityBook value
$5.4B
$1.9B
Total Assets
$203.2B
$4.4B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBKR
IBKR
LBRT
LBRT
Q1 26
$699.1M
Q4 25
$5.0B
$27.6M
Q3 25
$5.1B
$13.5M
Q2 25
$4.7B
$19.6M
Q1 25
$3.5B
$24.1M
Q4 24
$3.6B
$20.0M
Q3 24
$3.6B
$23.0M
Q2 24
$3.9B
$30.0M
Total Debt
IBKR
IBKR
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
IBKR
IBKR
LBRT
LBRT
Q1 26
$1.9B
Q4 25
$5.4B
$2.1B
Q3 25
$5.1B
$2.1B
Q2 25
$4.8B
$2.0B
Q1 25
$4.5B
$2.0B
Q4 24
$4.3B
$2.0B
Q3 24
$4.1B
$2.0B
Q2 24
$3.9B
$1.9B
Total Assets
IBKR
IBKR
LBRT
LBRT
Q1 26
$4.4B
Q4 25
$203.2B
$3.6B
Q3 25
$200.2B
$3.5B
Q2 25
$181.5B
$3.4B
Q1 25
$157.7B
$3.4B
Q4 24
$150.1B
$3.3B
Q3 24
$148.5B
$3.3B
Q2 24
$136.6B
$3.2B
Debt / Equity
IBKR
IBKR
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
IBKR
IBKR
LBRT
LBRT
Operating Cash FlowLast quarter
$1.6B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
13.1%
Cash ConversionOCF / Net Profit
1.34×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBKR
IBKR
LBRT
LBRT
Q1 26
Q4 25
$1.6B
$195.4M
Q3 25
$4.5B
$51.5M
Q2 25
$7.1B
$170.6M
Q1 25
$2.6B
$192.1M
Q4 24
$1.8B
$177.3M
Q3 24
$3.6B
$244.5M
Q2 24
$1.6B
$248.2M
Free Cash Flow
IBKR
IBKR
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
IBKR
IBKR
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
IBKR
IBKR
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
IBKR
IBKR
LBRT
LBRT
Q1 26
Q4 25
1.34×
14.28×
Q3 25
3.78×
1.20×
Q2 25
7.10×
2.40×
Q1 25
2.68×
9.55×
Q4 24
1.90×
3.42×
Q3 24
4.29×
3.31×
Q2 24
2.00×
2.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IBKR
IBKR

Commissions$582.0M87%
Risk Exposure Fees$21.0M3%
Market Data Fees$20.0M3%
Payments For Order Flow$17.0M3%
Other$17.0M3%
Fdic Sweep Fees$10.0M1%

LBRT
LBRT

Segment breakdown not available.

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