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Side-by-side financial comparison of Invesco (IVZ) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Invesco is the larger business by last-quarter revenue ($1.7B vs $1.0B, roughly 1.7× Liberty Energy Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs -58.9%, a 61.1% gap on every dollar of revenue. On growth, Invesco posted the faster year-over-year revenue change (6.2% vs 4.5%). Over the past eight quarters, Invesco's revenue compounded faster (7.1% CAGR vs -6.2%).
Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.
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.
IVZ vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.0B |
| Net Profit | $-995.9M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | -86.2% | 2.2% |
| Net Margin | -58.9% | 2.2% |
| Revenue YoY | 6.2% | 4.5% |
| Net Profit YoY | -575.8% | 64.8% |
| EPS (diluted) | $-2.61 | $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 | $1.7B | $1.0B | ||
| Q3 25 | $1.6B | $947.4M | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.5B | $977.5M | ||
| Q4 24 | $1.6B | $943.6M | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.5B | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-995.9M | $13.7M | ||
| Q3 25 | $356.4M | $43.1M | ||
| Q2 25 | $197.4M | $71.0M | ||
| Q1 25 | $171.1M | $20.1M | ||
| Q4 24 | $209.3M | $51.9M | ||
| Q3 24 | $55.0M | $73.8M | ||
| Q2 24 | $132.2M | $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 | -86.2% | 1.9% | ||
| Q3 25 | 16.5% | -0.3% | ||
| Q2 25 | 14.1% | 3.6% | ||
| Q1 25 | 18.1% | 1.9% | ||
| Q4 24 | 19.6% | 2.6% | ||
| Q3 24 | 6.6% | 9.4% | ||
| Q2 24 | 13.9% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -58.9% | 1.3% | ||
| Q3 25 | 21.7% | 4.5% | ||
| Q2 25 | 13.0% | 6.8% | ||
| Q1 25 | 11.2% | 2.1% | ||
| Q4 24 | 13.1% | 5.5% | ||
| Q3 24 | 3.6% | 6.5% | ||
| Q2 24 | 8.9% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-2.61 | $0.08 | ||
| Q3 25 | $0.66 | $0.26 | ||
| Q2 25 | $-0.03 | $0.43 | ||
| Q1 25 | $0.38 | $0.12 | ||
| Q4 24 | $0.46 | $0.31 | ||
| Q3 24 | $0.12 | $0.44 | ||
| Q2 24 | $0.29 | $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 | $1.0B | $699.1M |
| Total DebtLower is stronger | $1.8B | $7.1M |
| Stockholders' EquityBook value | $12.2B | $1.9B |
| Total Assets | $27.1B | $4.4B |
| Debt / EquityLower = less leverage | 0.15× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $1.0B | $27.6M | ||
| Q3 25 | $973.1M | $13.5M | ||
| Q2 25 | $922.7M | $19.6M | ||
| Q1 25 | $821.7M | $24.1M | ||
| Q4 24 | $986.5M | $20.0M | ||
| Q3 24 | $1.0B | $23.0M | ||
| Q2 24 | $878.5M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $1.8B | $246.6M | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $964.8M | — | ||
| Q4 24 | $890.6M | $190.5M | ||
| Q3 24 | $890.3M | — | ||
| Q2 24 | $890.1M | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $12.2B | $2.1B | ||
| Q3 25 | $14.0B | $2.1B | ||
| Q2 25 | $13.9B | $2.0B | ||
| Q1 25 | $14.7B | $2.0B | ||
| Q4 24 | $14.6B | $2.0B | ||
| Q3 24 | $14.8B | $2.0B | ||
| Q2 24 | $14.6B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $27.1B | $3.6B | ||
| Q3 25 | $28.4B | $3.5B | ||
| Q2 25 | $28.5B | $3.4B | ||
| Q1 25 | $28.1B | $3.4B | ||
| Q4 24 | $27.0B | $3.3B | ||
| Q3 24 | $27.5B | $3.3B | ||
| Q2 24 | $27.2B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.15× | 0.12× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.06× | 0.10× | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.06× | — |
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 | $455.8M | — |
| Free Cash FlowOCF − Capex | $432.2M | — |
| FCF MarginFCF / Revenue | 25.5% | — |
| Capex IntensityCapex / Revenue | 1.4% | 13.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $455.8M | $195.4M | ||
| Q3 25 | $606.2M | $51.5M | ||
| Q2 25 | $547.9M | $170.6M | ||
| Q1 25 | $-84.6M | $192.1M | ||
| Q4 24 | $316.9M | $177.3M | ||
| Q3 24 | $438.4M | $244.5M | ||
| Q2 24 | $489.1M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $432.2M | $-10.0M | ||
| Q3 25 | $586.4M | $-67.2M | ||
| Q2 25 | $530.4M | $33.1M | ||
| Q1 25 | $-108.0M | $58.2M | ||
| Q4 24 | $309.9M | $-26.2M | ||
| Q3 24 | $410.0M | $77.9M | ||
| Q2 24 | $462.4M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | -1.0% | ||
| Q3 25 | 35.7% | -7.1% | ||
| Q2 25 | 35.0% | 3.2% | ||
| Q1 25 | -7.1% | 6.0% | ||
| Q4 24 | 19.5% | -2.8% | ||
| Q3 24 | 27.1% | 6.8% | ||
| Q2 24 | 31.2% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 1.4% | 19.8% | ||
| Q3 25 | 1.2% | 12.5% | ||
| Q2 25 | 1.2% | 13.2% | ||
| Q1 25 | 1.5% | 13.7% | ||
| Q4 24 | 0.4% | 21.6% | ||
| Q3 24 | 1.9% | 14.6% | ||
| Q2 24 | 1.8% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.28× | ||
| Q3 25 | 1.70× | 1.20× | ||
| Q2 25 | 2.78× | 2.40× | ||
| Q1 25 | -0.49× | 9.55× | ||
| Q4 24 | 1.51× | 3.42× | ||
| Q3 24 | 7.97× | 3.31× | ||
| Q2 24 | 3.70× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
LBRT
Segment breakdown not available.
