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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and Magnera Corp (MAGN). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $792.0M, roughly 1.3× Magnera Corp). Liberty Energy Inc. runs the higher net margin — 2.2% vs -4.3%, a 6.5% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 4.5%). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% 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.
LBRT vs MAGN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $792.0M |
| Net Profit | $22.6M | $-34.0M |
| Gross Margin | — | 12.2% |
| Operating Margin | 2.2% | 1.8% |
| Net Margin | 2.2% | -4.3% |
| Revenue YoY | 4.5% | 12.8% |
| Net Profit YoY | — | 43.3% |
| EPS (diluted) | $0.14 | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $947.4M | — | ||
| Q2 25 | $1.0B | $839.0M | ||
| Q1 25 | $977.5M | $824.0M | ||
| Q4 24 | $943.6M | $702.0M | ||
| Q3 24 | $1.1B | $332.1M | ||
| Q2 24 | $1.2B | $556.0M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $-34.0M | ||
| Q3 25 | $43.1M | — | ||
| Q2 25 | $71.0M | $-18.0M | ||
| Q1 25 | $20.1M | $-41.0M | ||
| Q4 24 | $51.9M | $-60.0M | ||
| Q3 24 | $73.8M | $-15.2M | ||
| Q2 24 | $108.4M | $19.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 12.2% | ||
| Q3 25 | 18.7% | — | ||
| Q2 25 | 22.1% | 10.7% | ||
| Q1 25 | 22.1% | 10.7% | ||
| Q4 24 | 21.4% | 10.1% | ||
| Q3 24 | 26.2% | 10.7% | ||
| Q2 24 | 27.9% | 6.6% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 1.8% | ||
| Q3 25 | -0.3% | — | ||
| Q2 25 | 3.6% | 1.5% | ||
| Q1 25 | 1.9% | 0.5% | ||
| Q4 24 | 2.6% | -3.1% | ||
| Q3 24 | 9.4% | 0.9% | ||
| Q2 24 | 12.2% | 3.1% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | -4.3% | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 6.8% | -2.1% | ||
| Q1 25 | 2.1% | -5.0% | ||
| Q4 24 | 5.5% | -8.5% | ||
| Q3 24 | 6.5% | -4.6% | ||
| Q2 24 | 9.3% | 3.4% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $-0.95 | ||
| Q3 25 | $0.26 | — | ||
| Q2 25 | $0.43 | $-0.51 | ||
| Q1 25 | $0.12 | $-1.15 | ||
| Q4 24 | $0.31 | $-1.69 | ||
| Q3 24 | $0.44 | $-0.33 | ||
| Q2 24 | $0.64 | $0.60 |
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 | $264.0M |
| Total DebtLower is stronger | $7.1M | $1.9B |
| Stockholders' EquityBook value | $1.9B | $1.0B |
| Total Assets | $4.4B | $3.9B |
| Debt / EquityLower = less leverage | 0.00× | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $264.0M | ||
| Q3 25 | $13.5M | — | ||
| Q2 25 | $19.6M | $276.0M | ||
| Q1 25 | $24.1M | $282.0M | ||
| Q4 24 | $20.0M | $215.0M | ||
| Q3 24 | $23.0M | $230.0M | ||
| Q2 24 | $30.0M | $33.9M |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $190.5M | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $877.4M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $2.0B | $1.1B | ||
| Q4 24 | $2.0B | $1.1B | ||
| Q3 24 | $2.0B | $2.1B | ||
| Q2 24 | $1.9B | $2.4B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $3.9B | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $3.4B | $4.1B | ||
| Q1 25 | $3.4B | $4.1B | ||
| Q4 24 | $3.3B | $4.0B | ||
| Q3 24 | $3.3B | $2.8B | ||
| Q2 24 | $3.2B | $1.5B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 1.86× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | 0.10× | 1.80× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.37× |
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 | — | $2.0M |
| Free Cash FlowOCF − Capex | — | $-13.0M |
| FCF MarginFCF / Revenue | — | -1.6% |
| Capex IntensityCapex / Revenue | 13.1% | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $2.0M | ||
| Q3 25 | $51.5M | — | ||
| Q2 25 | $170.6M | $0 | ||
| Q1 25 | $192.1M | $65.0M | ||
| Q4 24 | $177.3M | $-58.0M | ||
| Q3 24 | $244.5M | $12.2M | ||
| Q2 24 | $248.2M | $38.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $-13.0M | ||
| Q3 25 | $-67.2M | — | ||
| Q2 25 | $33.1M | — | ||
| Q1 25 | $58.2M | $42.0M | ||
| Q4 24 | $-26.2M | $-74.0M | ||
| Q3 24 | $77.9M | $3.6M | ||
| Q2 24 | $112.2M | $23.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | -1.6% | ||
| Q3 25 | -7.1% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 6.0% | 5.1% | ||
| Q4 24 | -2.8% | -10.5% | ||
| Q3 24 | 6.8% | 1.1% | ||
| Q2 24 | 9.7% | 4.1% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 1.9% | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 13.2% | 1.5% | ||
| Q1 25 | 13.7% | 2.8% | ||
| Q4 24 | 21.6% | 2.3% | ||
| Q3 24 | 14.6% | 2.6% | ||
| Q2 24 | 11.7% | 2.7% |
| 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× | 2.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
