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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and Life Time Group Holdings, Inc. (LTH). Click either name above to swap in a different company.

Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $745.1M, roughly 1.4× Life Time Group Holdings, Inc.). Life Time Group Holdings, Inc. runs the higher net margin — 16.5% vs 2.2%, a 14.3% gap on every dollar of revenue. On growth, Life Time Group Holdings, Inc. posted the faster year-over-year revenue change (12.3% vs 4.5%). Over the past eight quarters, Life Time Group Holdings, Inc.'s revenue compounded faster (11.7% CAGR vs -6.2%).

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.

Life Time Group Holdings, Inc. operates a network of premium athletic, fitness and wellness destinations across the United States. It offers diverse services including state-of-the-art gym facilities, group exercise classes, personal training, spa treatments, nutrition coaching, youth programs and co-working spaces for consumers pursuing holistic healthy lifestyles.

LBRT vs LTH — Head-to-Head

Bigger by revenue
LBRT
LBRT
1.4× larger
LBRT
$1.0B
$745.1M
LTH
Growing faster (revenue YoY)
LTH
LTH
+7.9% gap
LTH
12.3%
4.5%
LBRT
Higher net margin
LTH
LTH
14.3% more per $
LTH
16.5%
2.2%
LBRT
Faster 2-yr revenue CAGR
LTH
LTH
Annualised
LTH
11.7%
-6.2%
LBRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LBRT
LBRT
LTH
LTH
Revenue
$1.0B
$745.1M
Net Profit
$22.6M
$123.0M
Gross Margin
49.1%
Operating Margin
2.2%
17.4%
Net Margin
2.2%
16.5%
Revenue YoY
4.5%
12.3%
Net Profit YoY
64.8%
231.0%
EPS (diluted)
$0.14
$0.55

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
LBRT
LBRT
LTH
LTH
Q1 26
$1.0B
Q4 25
$1.0B
$745.1M
Q3 25
$947.4M
$782.6M
Q2 25
$1.0B
$761.5M
Q1 25
$977.5M
$706.0M
Q4 24
$943.6M
$663.3M
Q3 24
$1.1B
$693.2M
Q2 24
$1.2B
$667.8M
Net Profit
LBRT
LBRT
LTH
LTH
Q1 26
$22.6M
Q4 25
$13.7M
$123.0M
Q3 25
$43.1M
$102.4M
Q2 25
$71.0M
$72.1M
Q1 25
$20.1M
$76.1M
Q4 24
$51.9M
$37.2M
Q3 24
$73.8M
$41.4M
Q2 24
$108.4M
$52.8M
Gross Margin
LBRT
LBRT
LTH
LTH
Q1 26
Q4 25
20.6%
49.1%
Q3 25
18.7%
47.1%
Q2 25
22.1%
47.0%
Q1 25
22.1%
47.5%
Q4 24
21.4%
48.2%
Q3 24
26.2%
46.5%
Q2 24
27.9%
46.8%
Operating Margin
LBRT
LBRT
LTH
LTH
Q1 26
2.2%
Q4 25
1.9%
17.4%
Q3 25
-0.3%
17.3%
Q2 25
3.6%
14.2%
Q1 25
1.9%
15.2%
Q4 24
2.6%
13.1%
Q3 24
9.4%
13.5%
Q2 24
12.2%
15.7%
Net Margin
LBRT
LBRT
LTH
LTH
Q1 26
2.2%
Q4 25
1.3%
16.5%
Q3 25
4.5%
13.1%
Q2 25
6.8%
9.5%
Q1 25
2.1%
10.8%
Q4 24
5.5%
5.6%
Q3 24
6.5%
6.0%
Q2 24
9.3%
7.9%
EPS (diluted)
LBRT
LBRT
LTH
LTH
Q1 26
$0.14
Q4 25
$0.08
$0.55
Q3 25
$0.26
$0.45
Q2 25
$0.43
$0.32
Q1 25
$0.12
$0.34
Q4 24
$0.31
$0.17
Q3 24
$0.44
$0.19
Q2 24
$0.64
$0.26

Balance Sheet & Financial Strength

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

Metric
LBRT
LBRT
LTH
LTH
Cash + ST InvestmentsLiquidity on hand
$699.1M
$204.8M
Total DebtLower is stronger
$7.1M
$1.5B
Stockholders' EquityBook value
$1.9B
$3.1B
Total Assets
$4.4B
$8.0B
Debt / EquityLower = less leverage
0.00×
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LBRT
LBRT
LTH
LTH
Q1 26
$699.1M
Q4 25
$27.6M
$204.8M
Q3 25
$13.5M
$218.9M
Q2 25
$19.6M
$175.5M
Q1 25
$24.1M
$59.0M
Q4 24
$20.0M
$10.9M
Q3 24
$23.0M
$120.9M
Q2 24
$30.0M
$34.5M
Total Debt
LBRT
LBRT
LTH
LTH
Q1 26
$7.1M
Q4 25
$246.6M
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$190.5M
$1.5B
Q3 24
$1.7B
Q2 24
$1.8B
Stockholders' Equity
LBRT
LBRT
LTH
LTH
Q1 26
$1.9B
Q4 25
$2.1B
$3.1B
Q3 25
$2.1B
$3.0B
Q2 25
$2.0B
$2.9B
Q1 25
$2.0B
$2.7B
Q4 24
$2.0B
$2.6B
Q3 24
$2.0B
$2.6B
Q2 24
$1.9B
$2.4B
Total Assets
LBRT
LBRT
LTH
LTH
Q1 26
$4.4B
Q4 25
$3.6B
$8.0B
Q3 25
$3.5B
$7.8B
Q2 25
$3.4B
$7.6B
Q1 25
$3.4B
$7.3B
Q4 24
$3.3B
$7.2B
Q3 24
$3.3B
$7.2B
Q2 24
$3.2B
$7.1B
Debt / Equity
LBRT
LBRT
LTH
LTH
Q1 26
0.00×
Q4 25
0.12×
0.48×
Q3 25
0.51×
Q2 25
0.53×
Q1 25
0.56×
Q4 24
0.10×
0.59×
Q3 24
0.64×
Q2 24
0.78×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LBRT
LBRT
LTH
LTH
Operating Cash FlowLast quarter
$239.9M
Free Cash FlowOCF − Capex
$-64.6M
FCF MarginFCF / Revenue
-8.7%
Capex IntensityCapex / Revenue
13.1%
40.9%
Cash ConversionOCF / Net Profit
1.95×
TTM Free Cash FlowTrailing 4 quarters
$-21.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LBRT
LBRT
LTH
LTH
Q1 26
Q4 25
$195.4M
$239.9M
Q3 25
$51.5M
$251.1M
Q2 25
$170.6M
$195.7M
Q1 25
$192.1M
$183.9M
Q4 24
$177.3M
$163.1M
Q3 24
$244.5M
$151.1M
Q2 24
$248.2M
$170.4M
Free Cash Flow
LBRT
LBRT
LTH
LTH
Q1 26
Q4 25
$-10.0M
$-64.6M
Q3 25
$-67.2M
$28.6M
Q2 25
$33.1M
$-26.3M
Q1 25
$58.2M
$41.4M
Q4 24
$-26.2M
$26.8M
Q3 24
$77.9M
$64.0M
Q2 24
$112.2M
$26.1M
FCF Margin
LBRT
LBRT
LTH
LTH
Q1 26
Q4 25
-1.0%
-8.7%
Q3 25
-7.1%
3.7%
Q2 25
3.2%
-3.5%
Q1 25
6.0%
5.9%
Q4 24
-2.8%
4.0%
Q3 24
6.8%
9.2%
Q2 24
9.7%
3.9%
Capex Intensity
LBRT
LBRT
LTH
LTH
Q1 26
13.1%
Q4 25
19.8%
40.9%
Q3 25
12.5%
28.4%
Q2 25
13.2%
29.2%
Q1 25
13.7%
20.2%
Q4 24
21.6%
20.6%
Q3 24
14.6%
12.6%
Q2 24
11.7%
21.6%
Cash Conversion
LBRT
LBRT
LTH
LTH
Q1 26
Q4 25
14.28×
1.95×
Q3 25
1.20×
2.45×
Q2 25
2.40×
2.71×
Q1 25
9.55×
2.41×
Q4 24
3.42×
4.39×
Q3 24
3.31×
3.65×
Q2 24
2.29×
3.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LBRT
LBRT

Segment breakdown not available.

LTH
LTH

Membership$535.1M72%
In Center$191.2M26%
Other$18.8M3%

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