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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.0B, roughly 1.3× Liberty Energy Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs -7.3%, a 9.5% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs 3.1%).
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
LBRT vs LINE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.4B |
| Net Profit | $22.6M | $-100.0M |
| Gross Margin | — | 32.3% |
| Operating Margin | 2.2% | 2.5% |
| Net Margin | 2.2% | -7.3% |
| Revenue YoY | 4.5% | 3.1% |
| Net Profit YoY | — | 79.4% |
| EPS (diluted) | $0.14 | $-0.44 |
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 | $1.0B | — | ||
| Q3 25 | $947.4M | $1.4B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $977.5M | $1.3B | ||
| Q4 24 | $943.6M | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.2B | $1.3B |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | — | ||
| Q3 25 | $43.1M | $-100.0M | ||
| Q2 25 | $71.0M | $-6.0M | ||
| Q1 25 | $20.1M | $0 | ||
| Q4 24 | $51.9M | $-71.0M | ||
| Q3 24 | $73.8M | $-485.0M | ||
| Q2 24 | $108.4M | $-68.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | — | ||
| Q3 25 | 18.7% | 32.3% | ||
| Q2 25 | 22.1% | 31.9% | ||
| Q1 25 | 22.1% | 32.2% | ||
| Q4 24 | 21.4% | 32.3% | ||
| Q3 24 | 26.2% | 32.8% | ||
| Q2 24 | 27.9% | 33.4% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | -0.3% | 2.5% | ||
| Q2 25 | 3.6% | 1.7% | ||
| Q1 25 | 1.9% | 4.3% | ||
| Q4 24 | 2.6% | -1.6% | ||
| Q3 24 | 9.4% | -38.6% | ||
| Q2 24 | 12.2% | 5.5% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | — | ||
| Q3 25 | 4.5% | -7.3% | ||
| Q2 25 | 6.8% | -0.4% | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 5.5% | -5.3% | ||
| Q3 24 | 6.5% | -36.3% | ||
| Q2 24 | 9.3% | -5.1% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | — | ||
| Q3 25 | $0.26 | $-0.44 | ||
| Q2 25 | $0.43 | $-0.03 | ||
| Q1 25 | $0.12 | $0.01 | ||
| Q4 24 | $0.31 | $-0.52 | ||
| Q3 24 | $0.44 | $-2.44 | ||
| Q2 24 | $0.64 | $-0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $699.1M | — |
| Total DebtLower is stronger | $7.1M | — |
| Stockholders' EquityBook value | $1.9B | $8.4B |
| Total Assets | $4.4B | $19.2B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | — | ||
| Q3 25 | $13.5M | — | ||
| Q2 25 | $19.6M | — | ||
| Q1 25 | $24.1M | — | ||
| Q4 24 | $20.0M | $173.0M | ||
| Q3 24 | $23.0M | $409.0M | ||
| Q2 24 | $30.0M | $73.0M |
| 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 | $2.1B | — | ||
| Q3 25 | $2.1B | $8.4B | ||
| Q2 25 | $2.0B | $8.6B | ||
| Q1 25 | $2.0B | $8.6B | ||
| Q4 24 | $2.0B | $8.6B | ||
| Q3 24 | $2.0B | $9.0B | ||
| Q2 24 | $1.9B | $4.9B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.5B | $19.2B | ||
| Q2 25 | $3.4B | $19.4B | ||
| Q1 25 | $3.4B | $18.8B | ||
| Q4 24 | $3.3B | $18.7B | ||
| Q3 24 | $3.3B | $19.3B | ||
| Q2 24 | $3.2B | $18.8B |
| 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 | — | $230.0M |
| Free Cash FlowOCF − Capex | — | $35.0M |
| FCF MarginFCF / Revenue | — | 2.5% |
| Capex IntensityCapex / Revenue | 13.1% | 14.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | — | ||
| Q3 25 | $51.5M | $230.0M | ||
| Q2 25 | $170.6M | $258.0M | ||
| Q1 25 | $192.1M | $139.0M | ||
| Q4 24 | $177.3M | — | ||
| Q3 24 | $244.5M | $186.0M | ||
| Q2 24 | $248.2M | $155.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | — | ||
| Q3 25 | $-67.2M | $35.0M | ||
| Q2 25 | $33.1M | $95.0M | ||
| Q1 25 | $58.2M | $-12.0M | ||
| Q4 24 | $-26.2M | — | ||
| Q3 24 | $77.9M | $33.0M | ||
| Q2 24 | $112.2M | $-31.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | — | ||
| Q3 25 | -7.1% | 2.5% | ||
| Q2 25 | 3.2% | 7.0% | ||
| Q1 25 | 6.0% | -0.9% | ||
| Q4 24 | -2.8% | — | ||
| Q3 24 | 6.8% | 2.5% | ||
| Q2 24 | 9.7% | -2.3% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | — | ||
| Q3 25 | 12.5% | 14.2% | ||
| Q2 25 | 13.2% | 12.1% | ||
| Q1 25 | 13.7% | 11.7% | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 14.6% | 11.5% | ||
| Q2 24 | 11.7% | 13.9% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | — | ||
| Q3 25 | 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.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
