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Side-by-side financial comparison of KENNAMETAL INC (KMT) 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 $529.5M, roughly 1.9× KENNAMETAL INC). KENNAMETAL INC runs the higher net margin — 6.4% vs 2.2%, a 4.2% gap on every dollar of revenue. On growth, KENNAMETAL INC posted the faster year-over-year revenue change (9.8% vs 4.5%). Over the past eight quarters, KENNAMETAL INC's revenue compounded faster (1.3% CAGR vs -6.2%).
Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
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.
KMT vs LBRT — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $529.5M | $1.0B |
| Net Profit | $33.9M | $22.6M |
| Gross Margin | 32.8% | — |
| Operating Margin | 9.9% | 2.2% |
| Net Margin | 6.4% | 2.2% |
| Revenue YoY | 9.8% | 4.5% |
| Net Profit YoY | 89.0% | — |
| EPS (diluted) | $0.44 | $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 | $529.5M | $1.0B | ||
| Q3 25 | $498.0M | $947.4M | ||
| Q2 25 | $516.4M | $1.0B | ||
| Q1 25 | $486.4M | $977.5M | ||
| Q4 24 | $482.1M | $943.6M | ||
| Q3 24 | $481.9M | $1.1B | ||
| Q2 24 | $543.3M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $33.9M | $13.7M | ||
| Q3 25 | $23.3M | $43.1M | ||
| Q2 25 | $21.6M | $71.0M | ||
| Q1 25 | $31.5M | $20.1M | ||
| Q4 24 | $17.9M | $51.9M | ||
| Q3 24 | $22.1M | $73.8M | ||
| Q2 24 | $37.2M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | 32.8% | 20.6% | ||
| Q3 25 | 31.0% | 18.7% | ||
| Q2 25 | 28.2% | 22.1% | ||
| Q1 25 | 32.1% | 22.1% | ||
| Q4 24 | 30.1% | 21.4% | ||
| Q3 24 | 31.3% | 26.2% | ||
| Q2 24 | 31.5% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 9.9% | 1.9% | ||
| Q3 25 | 7.5% | -0.3% | ||
| Q2 25 | 6.1% | 3.6% | ||
| Q1 25 | 9.1% | 1.9% | ||
| Q4 24 | 6.6% | 2.6% | ||
| Q3 24 | 7.5% | 9.4% | ||
| Q2 24 | 11.3% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 6.4% | 1.3% | ||
| Q3 25 | 4.7% | 4.5% | ||
| Q2 25 | 4.2% | 6.8% | ||
| Q1 25 | 6.5% | 2.1% | ||
| Q4 24 | 3.7% | 5.5% | ||
| Q3 24 | 4.6% | 6.5% | ||
| Q2 24 | 6.8% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.44 | $0.08 | ||
| Q3 25 | $0.30 | $0.26 | ||
| Q2 25 | $0.28 | $0.43 | ||
| Q1 25 | $0.41 | $0.12 | ||
| Q4 24 | $0.23 | $0.31 | ||
| Q3 24 | $0.28 | $0.44 | ||
| Q2 24 | $0.47 | $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 | $129.3M | $699.1M |
| Total DebtLower is stronger | $597.2M | $7.1M |
| Stockholders' EquityBook value | $1.3B | $1.9B |
| Total Assets | $2.6B | $4.4B |
| Debt / EquityLower = less leverage | 0.45× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $129.3M | $27.6M | ||
| Q3 25 | $103.5M | $13.5M | ||
| Q2 25 | $140.5M | $19.6M | ||
| Q1 25 | $97.5M | $24.1M | ||
| Q4 24 | $121.2M | $20.0M | ||
| Q3 24 | $119.6M | $23.0M | ||
| Q2 24 | $128.0M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $597.2M | $246.6M | ||
| Q3 25 | $597.0M | — | ||
| Q2 25 | $596.8M | — | ||
| Q1 25 | $596.6M | — | ||
| Q4 24 | $596.4M | $190.5M | ||
| Q3 24 | $596.2M | — | ||
| Q2 24 | $596.0M | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.3B | $2.1B | ||
| Q3 25 | $1.3B | $2.1B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $1.2B | $2.0B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $1.2B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $2.6B | $3.6B | ||
| Q3 25 | $2.5B | $3.5B | ||
| Q2 25 | $2.5B | $3.4B | ||
| Q1 25 | $2.5B | $3.4B | ||
| Q4 24 | $2.4B | $3.3B | ||
| Q3 24 | $2.5B | $3.3B | ||
| Q2 24 | $2.5B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.45× | 0.12× | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.49× | 0.10× | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.48× | — |
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 | $55.1M | — |
| Free Cash FlowOCF − Capex | $42.4M | — |
| FCF MarginFCF / Revenue | 8.0% | — |
| Capex IntensityCapex / Revenue | 2.4% | 13.1% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $99.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $55.1M | $195.4M | ||
| Q3 25 | $17.5M | $51.5M | ||
| Q2 25 | $78.6M | $170.6M | ||
| Q1 25 | $28.8M | $192.1M | ||
| Q4 24 | $55.2M | $177.3M | ||
| Q3 24 | $45.7M | $244.5M | ||
| Q2 24 | $113.6M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $42.4M | $-10.0M | ||
| Q3 25 | $-5.5M | $-67.2M | ||
| Q2 25 | $57.1M | $33.1M | ||
| Q1 25 | $5.3M | $58.2M | ||
| Q4 24 | $35.9M | $-26.2M | ||
| Q3 24 | $21.0M | $77.9M | ||
| Q2 24 | $90.3M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | -1.0% | ||
| Q3 25 | -1.1% | -7.1% | ||
| Q2 25 | 11.1% | 3.2% | ||
| Q1 25 | 1.1% | 6.0% | ||
| Q4 24 | 7.5% | -2.8% | ||
| Q3 24 | 4.4% | 6.8% | ||
| Q2 24 | 16.6% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 2.4% | 19.8% | ||
| Q3 25 | 4.6% | 12.5% | ||
| Q2 25 | 4.2% | 13.2% | ||
| Q1 25 | 4.8% | 13.7% | ||
| Q4 24 | 4.0% | 21.6% | ||
| Q3 24 | 5.1% | 14.6% | ||
| Q2 24 | 4.3% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 14.28× | ||
| Q3 25 | 0.75× | 1.20× | ||
| Q2 25 | 3.64× | 2.40× | ||
| Q1 25 | 0.92× | 9.55× | ||
| Q4 24 | 3.08× | 3.42× | ||
| Q3 24 | 2.07× | 3.31× | ||
| Q2 24 | 3.06× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
LBRT
Segment breakdown not available.
