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Side-by-side financial comparison of JANUS HENDERSON GROUP PLC (JHG) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
JANUS HENDERSON GROUP PLC is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.1× Liberty Energy Inc.). JANUS HENDERSON GROUP PLC runs the higher net margin — 35.3% vs 2.2%, a 33.1% gap on every dollar of revenue. On growth, JANUS HENDERSON GROUP PLC posted the faster year-over-year revenue change (61.3% vs 4.5%). Over the past eight quarters, JANUS HENDERSON GROUP PLC's revenue compounded faster (43.9% CAGR vs -6.2%).
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
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.
JHG vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.0B |
| Net Profit | $403.2M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 42.7% | 2.2% |
| Net Margin | 35.3% | 2.2% |
| Revenue YoY | 61.3% | 4.5% |
| Net Profit YoY | 231.0% | — |
| EPS (diluted) | $2.59 | $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 | $1.1B | $1.0B | ||
| Q3 25 | $700.4M | $947.4M | ||
| Q2 25 | $633.2M | $1.0B | ||
| Q1 25 | $621.4M | $977.5M | ||
| Q4 24 | $708.3M | $943.6M | ||
| Q3 24 | $624.8M | $1.1B | ||
| Q2 24 | $588.4M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $403.2M | $13.7M | ||
| Q3 25 | $142.1M | $43.1M | ||
| Q2 25 | $149.9M | $71.0M | ||
| Q1 25 | $120.7M | $20.1M | ||
| Q4 24 | $121.8M | $51.9M | ||
| Q3 24 | $27.3M | $73.8M | ||
| Q2 24 | $129.7M | $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 | 42.7% | 1.9% | ||
| Q3 25 | 24.6% | -0.3% | ||
| Q2 25 | 25.9% | 3.6% | ||
| Q1 25 | 24.7% | 1.9% | ||
| Q4 24 | 27.9% | 2.6% | ||
| Q3 24 | 26.4% | 9.4% | ||
| Q2 24 | 27.9% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 35.3% | 1.3% | ||
| Q3 25 | 20.3% | 4.5% | ||
| Q2 25 | 23.7% | 6.8% | ||
| Q1 25 | 19.4% | 2.1% | ||
| Q4 24 | 17.2% | 5.5% | ||
| Q3 24 | 4.4% | 6.5% | ||
| Q2 24 | 22.0% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $2.59 | $0.08 | ||
| Q3 25 | $0.92 | $0.26 | ||
| Q2 25 | $0.95 | $0.43 | ||
| Q1 25 | $0.77 | $0.12 | ||
| Q4 24 | $0.77 | $0.31 | ||
| Q3 24 | $0.17 | $0.44 | ||
| Q2 24 | $0.81 | $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 | $1.6B | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $5.1B | $1.9B |
| Total Assets | $8.3B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $1.6B | $27.6M | ||
| Q3 25 | $1.4B | $13.5M | ||
| Q2 25 | $1.3B | $19.6M | ||
| Q1 25 | $1.4B | $24.1M | ||
| Q4 24 | $1.6B | $20.0M | ||
| Q3 24 | $1.8B | $23.0M | ||
| Q2 24 | $1.3B | $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 | $5.1B | $2.1B | ||
| Q3 25 | $4.8B | $2.1B | ||
| Q2 25 | $4.8B | $2.0B | ||
| Q1 25 | $4.7B | $2.0B | ||
| Q4 24 | $4.6B | $2.0B | ||
| Q3 24 | $4.6B | $2.0B | ||
| Q2 24 | $4.5B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $8.3B | $3.6B | ||
| Q3 25 | $7.6B | $3.5B | ||
| Q2 25 | $7.5B | $3.4B | ||
| Q1 25 | $7.1B | $3.4B | ||
| Q4 24 | $7.0B | $3.3B | ||
| Q3 24 | $7.3B | $3.3B | ||
| Q2 24 | $6.4B | $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 | $322.7M | — |
| Free Cash FlowOCF − Capex | $320.4M | — |
| FCF MarginFCF / Revenue | 28.0% | — |
| Capex IntensityCapex / Revenue | 0.2% | 13.1% |
| Cash ConversionOCF / Net Profit | 0.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | $710.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $322.7M | $195.4M | ||
| Q3 25 | $258.8M | $51.5M | ||
| Q2 25 | $135.2M | $170.6M | ||
| Q1 25 | $2.8M | $192.1M | ||
| Q4 24 | $247.3M | $177.3M | ||
| Q3 24 | $228.5M | $244.5M | ||
| Q2 24 | $223.8M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $320.4M | $-10.0M | ||
| Q3 25 | $256.4M | $-67.2M | ||
| Q2 25 | $133.2M | $33.1M | ||
| Q1 25 | $900.0K | $58.2M | ||
| Q4 24 | $243.5M | $-26.2M | ||
| Q3 24 | $225.9M | $77.9M | ||
| Q2 24 | $221.9M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 28.0% | -1.0% | ||
| Q3 25 | 36.6% | -7.1% | ||
| Q2 25 | 21.0% | 3.2% | ||
| Q1 25 | 0.1% | 6.0% | ||
| Q4 24 | 34.4% | -2.8% | ||
| Q3 24 | 36.2% | 6.8% | ||
| Q2 24 | 37.7% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 0.2% | 19.8% | ||
| Q3 25 | 0.3% | 12.5% | ||
| Q2 25 | 0.3% | 13.2% | ||
| Q1 25 | 0.3% | 13.7% | ||
| Q4 24 | 0.5% | 21.6% | ||
| Q3 24 | 0.4% | 14.6% | ||
| Q2 24 | 0.3% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 14.28× | ||
| Q3 25 | 1.82× | 1.20× | ||
| Q2 25 | 0.90× | 2.40× | ||
| Q1 25 | 0.02× | 9.55× | ||
| Q4 24 | 2.03× | 3.42× | ||
| Q3 24 | 8.37× | 3.31× | ||
| Q2 24 | 1.73× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
LBRT
Segment breakdown not available.
