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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $822.5M, roughly 1.2× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 2.2%, a 32.4% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 4.5%). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% 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.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
LBRT vs MSCI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $822.5M |
| Net Profit | $22.6M | $284.7M |
| Gross Margin | — | — |
| Operating Margin | 2.2% | 56.4% |
| Net Margin | 2.2% | 34.6% |
| Revenue YoY | 4.5% | 10.6% |
| Net Profit YoY | — | -6.8% |
| EPS (diluted) | $0.14 | $3.81 |
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 | $822.5M | ||
| Q3 25 | $947.4M | $793.4M | ||
| Q2 25 | $1.0B | $772.7M | ||
| Q1 25 | $977.5M | $745.8M | ||
| Q4 24 | $943.6M | $743.5M | ||
| Q3 24 | $1.1B | $724.7M | ||
| Q2 24 | $1.2B | $707.9M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $284.7M | ||
| Q3 25 | $43.1M | $325.4M | ||
| Q2 25 | $71.0M | $303.6M | ||
| Q1 25 | $20.1M | $288.6M | ||
| Q4 24 | $51.9M | $305.5M | ||
| Q3 24 | $73.8M | $280.9M | ||
| Q2 24 | $108.4M | $266.8M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | — | ||
| Q3 25 | 18.7% | — | ||
| Q2 25 | 22.1% | — | ||
| Q1 25 | 22.1% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 27.9% | — |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 56.4% | ||
| Q3 25 | -0.3% | 56.4% | ||
| Q2 25 | 3.6% | 55.0% | ||
| Q1 25 | 1.9% | 50.6% | ||
| Q4 24 | 2.6% | 54.5% | ||
| Q3 24 | 9.4% | 55.4% | ||
| Q2 24 | 12.2% | 54.0% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 34.6% | ||
| Q3 25 | 4.5% | 41.0% | ||
| Q2 25 | 6.8% | 39.3% | ||
| Q1 25 | 2.1% | 38.7% | ||
| Q4 24 | 5.5% | 41.1% | ||
| Q3 24 | 6.5% | 38.8% | ||
| Q2 24 | 9.3% | 37.7% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $3.81 | ||
| Q3 25 | $0.26 | $4.25 | ||
| Q2 25 | $0.43 | $3.92 | ||
| Q1 25 | $0.12 | $3.71 | ||
| Q4 24 | $0.31 | $3.89 | ||
| Q3 24 | $0.44 | $3.57 | ||
| Q2 24 | $0.64 | $3.37 |
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 | $515.3M |
| Total DebtLower is stronger | $7.1M | $6.2B |
| Stockholders' EquityBook value | $1.9B | $-2.7B |
| Total Assets | $4.4B | $5.7B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $515.3M | ||
| Q3 25 | $13.5M | $400.1M | ||
| Q2 25 | $19.6M | $347.3M | ||
| Q1 25 | $24.1M | $360.7M | ||
| Q4 24 | $20.0M | $409.4M | ||
| Q3 24 | $23.0M | $501.0M | ||
| Q2 24 | $30.0M | $451.4M |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $6.2B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | $190.5M | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.5B |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $-2.7B | ||
| Q3 25 | $2.1B | $-1.9B | ||
| Q2 25 | $2.0B | $-886.2M | ||
| Q1 25 | $2.0B | $-958.6M | ||
| Q4 24 | $2.0B | $-940.0M | ||
| Q3 24 | $2.0B | $-751.0M | ||
| Q2 24 | $1.9B | $-734.5M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $5.7B | ||
| Q3 25 | $3.5B | $5.4B | ||
| Q2 25 | $3.4B | $5.4B | ||
| Q1 25 | $3.4B | $5.3B | ||
| Q4 24 | $3.3B | $5.4B | ||
| Q3 24 | $3.3B | $5.4B | ||
| Q2 24 | $3.2B | $5.5B |
| 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 | — | $501.1M |
| Free Cash FlowOCF − Capex | — | $488.7M |
| FCF MarginFCF / Revenue | — | 59.4% |
| Capex IntensityCapex / Revenue | 13.1% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $501.1M | ||
| Q3 25 | $51.5M | $449.4M | ||
| Q2 25 | $170.6M | $336.1M | ||
| Q1 25 | $192.1M | $301.7M | ||
| Q4 24 | $177.3M | $430.6M | ||
| Q3 24 | $244.5M | $421.6M | ||
| Q2 24 | $248.2M | $349.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $488.7M | ||
| Q3 25 | $-67.2M | $445.5M | ||
| Q2 25 | $33.1M | $324.7M | ||
| Q1 25 | $58.2M | $290.2M | ||
| Q4 24 | $-26.2M | $416.4M | ||
| Q3 24 | $77.9M | $415.0M | ||
| Q2 24 | $112.2M | $340.6M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 59.4% | ||
| Q3 25 | -7.1% | 56.2% | ||
| Q2 25 | 3.2% | 42.0% | ||
| Q1 25 | 6.0% | 38.9% | ||
| Q4 24 | -2.8% | 56.0% | ||
| Q3 24 | 6.8% | 57.3% | ||
| Q2 24 | 9.7% | 48.1% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 1.5% | ||
| Q3 25 | 12.5% | 0.5% | ||
| Q2 25 | 13.2% | 1.5% | ||
| Q1 25 | 13.7% | 1.5% | ||
| Q4 24 | 21.6% | 1.9% | ||
| Q3 24 | 14.6% | 0.9% | ||
| Q2 24 | 11.7% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 1.76× | ||
| Q3 25 | 1.20× | 1.38× | ||
| Q2 25 | 2.40× | 1.11× | ||
| Q1 25 | 9.55× | 1.05× | ||
| Q4 24 | 3.42× | 1.41× | ||
| Q3 24 | 3.31× | 1.50× | ||
| Q2 24 | 2.29× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
