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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
MERCURY GENERAL CORP is the larger business by last-quarter revenue ($1.5B vs $1.0B, roughly 1.5× Liberty Energy Inc.). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs 2.2%, a 11.0% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs 4.5%). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% 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.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
LBRT vs MCY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.5B |
| Net Profit | $22.6M | $202.5M |
| Gross Margin | — | 99.7% |
| Operating Margin | 2.2% | 16.2% |
| Net Margin | 2.2% | 13.2% |
| Revenue YoY | 4.5% | 12.4% |
| Net Profit YoY | — | 100.4% |
| EPS (diluted) | $0.14 | $3.66 |
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 | $1.5B | ||
| Q3 25 | $947.4M | $1.6B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $977.5M | $1.4B | ||
| Q4 24 | $943.6M | $1.4B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.2B | $1.3B |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $202.5M | ||
| Q3 25 | $43.1M | $280.4M | ||
| Q2 25 | $71.0M | $166.5M | ||
| Q1 25 | $20.1M | $-108.3M | ||
| Q4 24 | $51.9M | $101.1M | ||
| Q3 24 | $73.8M | $230.9M | ||
| Q2 24 | $108.4M | $62.6M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 99.7% | ||
| Q3 25 | 18.7% | 99.8% | ||
| Q2 25 | 22.1% | 99.8% | ||
| Q1 25 | 22.1% | 99.7% | ||
| Q4 24 | 21.4% | 99.7% | ||
| Q3 24 | 26.2% | 99.8% | ||
| Q2 24 | 27.9% | 99.8% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 16.2% | ||
| Q3 25 | -0.3% | 22.1% | ||
| Q2 25 | 3.6% | 14.0% | ||
| Q1 25 | 1.9% | -10.2% | ||
| Q4 24 | 2.6% | 9.0% | ||
| Q3 24 | 9.4% | 18.8% | ||
| Q2 24 | 12.2% | 5.8% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 13.2% | ||
| Q3 25 | 4.5% | 17.7% | ||
| Q2 25 | 6.8% | 11.3% | ||
| Q1 25 | 2.1% | -7.8% | ||
| Q4 24 | 5.5% | 7.4% | ||
| Q3 24 | 6.5% | 15.1% | ||
| Q2 24 | 9.3% | 4.8% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $3.66 | ||
| Q3 25 | $0.26 | $5.06 | ||
| Q2 25 | $0.43 | $3.01 | ||
| Q1 25 | $0.12 | $-1.96 | ||
| Q4 24 | $0.31 | $1.82 | ||
| Q3 24 | $0.44 | $4.17 | ||
| Q2 24 | $0.64 | $1.13 |
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 | $575.0M |
| Stockholders' EquityBook value | $1.9B | $2.4B |
| Total Assets | $4.4B | $9.6B |
| Debt / EquityLower = less leverage | 0.00× | 0.24× |
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 | — | ||
| Q3 24 | $23.0M | — | ||
| Q2 24 | $30.0M | — |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $575.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $190.5M | $575.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $2.4B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $2.0B | $2.0B | ||
| Q1 25 | $2.0B | $1.8B | ||
| Q4 24 | $2.0B | $1.9B | ||
| Q3 24 | $2.0B | $1.9B | ||
| Q2 24 | $1.9B | $1.6B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $9.6B | ||
| Q3 25 | $3.5B | $9.4B | ||
| Q2 25 | $3.4B | $9.1B | ||
| Q1 25 | $3.4B | $9.0B | ||
| Q4 24 | $3.3B | $8.3B | ||
| Q3 24 | $3.3B | $8.2B | ||
| Q2 24 | $3.2B | $7.7B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | 0.30× | ||
| 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 | — | $287.9M |
| Free Cash FlowOCF − Capex | — | $273.9M |
| FCF MarginFCF / Revenue | — | 17.8% |
| Capex IntensityCapex / Revenue | 13.1% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $287.9M | ||
| Q3 25 | $51.5M | $496.4M | ||
| Q2 25 | $170.6M | $371.6M | ||
| Q1 25 | $192.1M | $-68.7M | ||
| Q4 24 | $177.3M | $248.3M | ||
| Q3 24 | $244.5M | $318.1M | ||
| Q2 24 | $248.2M | $278.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $273.9M | ||
| Q3 25 | $-67.2M | $479.5M | ||
| Q2 25 | $33.1M | $357.2M | ||
| Q1 25 | $58.2M | $-81.9M | ||
| Q4 24 | $-26.2M | $236.0M | ||
| Q3 24 | $77.9M | $306.2M | ||
| Q2 24 | $112.2M | $266.5M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 17.8% | ||
| Q3 25 | -7.1% | 30.3% | ||
| Q2 25 | 3.2% | 24.2% | ||
| Q1 25 | 6.0% | -5.9% | ||
| Q4 24 | -2.8% | 17.3% | ||
| Q3 24 | 6.8% | 20.0% | ||
| Q2 24 | 9.7% | 20.4% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 0.9% | ||
| Q3 25 | 12.5% | 1.1% | ||
| Q2 25 | 13.2% | 1.0% | ||
| Q1 25 | 13.7% | 0.9% | ||
| Q4 24 | 21.6% | 0.9% | ||
| Q3 24 | 14.6% | 0.8% | ||
| Q2 24 | 11.7% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 1.42× | ||
| Q3 25 | 1.20× | 1.77× | ||
| Q2 25 | 2.40× | 2.23× | ||
| Q1 25 | 9.55× | — | ||
| Q4 24 | 3.42× | 2.46× | ||
| Q3 24 | 3.31× | 1.38× | ||
| Q2 24 | 2.29× | 4.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
