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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and Microchip Technology (MCHP). Click either name above to swap in a different company.
Microchip Technology is the larger business by last-quarter revenue ($1.2B vs $1.0B, roughly 1.2× Liberty Energy Inc.). Microchip Technology runs the higher net margin — 5.3% vs 2.2%, a 3.1% gap on every dollar of revenue. On growth, Microchip Technology posted the faster year-over-year revenue change (15.6% vs 4.5%). Over the past eight quarters, Microchip Technology's revenue compounded faster (-5.4% 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.
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
LBRT vs MCHP — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.2B |
| Net Profit | $22.6M | $62.7M |
| Gross Margin | — | 59.6% |
| Operating Margin | 2.2% | 12.8% |
| Net Margin | 2.2% | 5.3% |
| Revenue YoY | 4.5% | 15.6% |
| Net Profit YoY | — | 217.0% |
| EPS (diluted) | $0.14 | $0.06 |
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 | $1.2B | ||
| Q3 25 | $947.4M | $1.1B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $977.5M | $970.5M | ||
| Q4 24 | $943.6M | $1.0B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $62.7M | ||
| Q3 25 | $43.1M | $41.7M | ||
| Q2 25 | $71.0M | $-18.6M | ||
| Q1 25 | $20.1M | $-154.6M | ||
| Q4 24 | $51.9M | $-53.6M | ||
| Q3 24 | $73.8M | $78.4M | ||
| Q2 24 | $108.4M | $129.3M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 59.6% | ||
| Q3 25 | 18.7% | 55.9% | ||
| Q2 25 | 22.1% | 53.6% | ||
| Q1 25 | 22.1% | 51.6% | ||
| Q4 24 | 21.4% | 54.7% | ||
| Q3 24 | 26.2% | 57.4% | ||
| Q2 24 | 27.9% | 59.4% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 12.8% | ||
| Q3 25 | -0.3% | 7.8% | ||
| Q2 25 | 3.6% | 3.0% | ||
| Q1 25 | 1.9% | -10.3% | ||
| Q4 24 | 2.6% | 3.0% | ||
| Q3 24 | 9.4% | 12.6% | ||
| Q2 24 | 12.2% | 17.7% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 5.3% | ||
| Q3 25 | 4.5% | 3.7% | ||
| Q2 25 | 6.8% | -1.7% | ||
| Q1 25 | 2.1% | -15.9% | ||
| Q4 24 | 5.5% | -5.2% | ||
| Q3 24 | 6.5% | 6.7% | ||
| Q2 24 | 9.3% | 10.4% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $0.06 | ||
| Q3 25 | $0.26 | $0.03 | ||
| Q2 25 | $0.43 | $-0.09 | ||
| Q1 25 | $0.12 | $-0.29 | ||
| Q4 24 | $0.31 | $-0.10 | ||
| Q3 24 | $0.44 | $0.14 | ||
| Q2 24 | $0.64 | $0.24 |
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 | $250.7M |
| Total DebtLower is stronger | $7.1M | $5.4B |
| Stockholders' EquityBook value | $1.9B | $6.6B |
| Total Assets | $4.4B | $14.3B |
| Debt / EquityLower = less leverage | 0.00× | 0.82× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $250.7M | ||
| Q3 25 | $13.5M | $236.8M | ||
| Q2 25 | $19.6M | $566.5M | ||
| Q1 25 | $24.1M | $771.7M | ||
| Q4 24 | $20.0M | $586.0M | ||
| Q3 24 | $23.0M | $286.1M | ||
| Q2 24 | $30.0M | $315.1M |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $5.4B | ||
| Q3 25 | — | $5.4B | ||
| Q2 25 | — | $5.5B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | $190.5M | $6.7B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $6.6B | ||
| Q3 25 | $2.1B | $6.7B | ||
| Q2 25 | $2.0B | $6.9B | ||
| Q1 25 | $2.0B | $7.1B | ||
| Q4 24 | $2.0B | $6.0B | ||
| Q3 24 | $2.0B | $6.3B | ||
| Q2 24 | $1.9B | $6.4B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $14.3B | ||
| Q3 25 | $3.5B | $14.5B | ||
| Q2 25 | $3.4B | $15.0B | ||
| Q1 25 | $3.4B | $15.4B | ||
| Q4 24 | $3.3B | $15.6B | ||
| Q3 24 | $3.3B | $15.6B | ||
| Q2 24 | $3.2B | $15.8B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 0.82× | ||
| Q3 25 | — | 0.80× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | 0.10× | 1.12× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 0.96× |
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 | — | $341.4M |
| Free Cash FlowOCF − Capex | — | $318.9M |
| FCF MarginFCF / Revenue | — | 26.9% |
| Capex IntensityCapex / Revenue | 13.1% | 1.9% |
| Cash ConversionOCF / Net Profit | — | 5.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $819.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $341.4M | ||
| Q3 25 | $51.5M | $88.1M | ||
| Q2 25 | $170.6M | $275.6M | ||
| Q1 25 | $192.1M | $205.9M | ||
| Q4 24 | $177.3M | $271.5M | ||
| Q3 24 | $244.5M | $43.6M | ||
| Q2 24 | $248.2M | $377.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $318.9M | ||
| Q3 25 | $-67.2M | $51.6M | ||
| Q2 25 | $33.1M | $257.7M | ||
| Q1 25 | $58.2M | $191.7M | ||
| Q4 24 | $-26.2M | $253.4M | ||
| Q3 24 | $77.9M | $22.8M | ||
| Q2 24 | $112.2M | $304.2M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 26.9% | ||
| Q3 25 | -7.1% | 4.5% | ||
| Q2 25 | 3.2% | 24.0% | ||
| Q1 25 | 6.0% | 19.8% | ||
| Q4 24 | -2.8% | 24.7% | ||
| Q3 24 | 6.8% | 2.0% | ||
| Q2 24 | 9.7% | 24.5% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 1.9% | ||
| Q3 25 | 12.5% | 3.2% | ||
| Q2 25 | 13.2% | 1.7% | ||
| Q1 25 | 13.7% | 1.5% | ||
| Q4 24 | 21.6% | 1.8% | ||
| Q3 24 | 14.6% | 1.8% | ||
| Q2 24 | 11.7% | 5.9% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 5.44× | ||
| Q3 25 | 1.20× | 2.11× | ||
| Q2 25 | 2.40× | — | ||
| Q1 25 | 9.55× | — | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 3.31× | 0.56× | ||
| Q2 24 | 2.29× | 2.92× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
