vs
Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and NCR Atleos Corp (NATL). Click either name above to swap in a different company.
NCR Atleos Corp is the larger business by last-quarter revenue ($1.2B vs $1.0B, roughly 1.1× Liberty Energy Inc.). NCR Atleos Corp runs the higher net margin — 7.2% vs 2.2%, a 5.0% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs 4.0%). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% 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.
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.
LBRT vs NATL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.2B |
| Net Profit | $22.6M | $83.0M |
| Gross Margin | — | — |
| Operating Margin | 2.2% | 13.5% |
| Net Margin | 2.2% | 7.2% |
| Revenue YoY | 4.5% | 4.0% |
| Net Profit YoY | — | 102.4% |
| EPS (diluted) | $0.14 | $1.09 |
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 | $979.0M | ||
| Q4 24 | $943.6M | $1.1B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $83.0M | ||
| Q3 25 | $43.1M | $26.0M | ||
| Q2 25 | $71.0M | $39.0M | ||
| Q1 25 | $20.1M | $14.0M | ||
| Q4 24 | $51.9M | $41.0M | ||
| Q3 24 | $73.8M | $21.0M | ||
| Q2 24 | $108.4M | $27.0M |
| 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% | 13.5% | ||
| Q3 25 | -0.3% | 9.8% | ||
| Q2 25 | 3.6% | 10.8% | ||
| Q1 25 | 1.9% | 9.5% | ||
| Q4 24 | 2.6% | 13.4% | ||
| Q3 24 | 9.4% | 10.6% | ||
| Q2 24 | 12.2% | 9.8% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 7.2% | ||
| Q3 25 | 4.5% | 2.3% | ||
| Q2 25 | 6.8% | 3.5% | ||
| Q1 25 | 2.1% | 1.4% | ||
| Q4 24 | 5.5% | 3.7% | ||
| Q3 24 | 6.5% | 2.0% | ||
| Q2 24 | 9.3% | 2.5% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $1.09 | ||
| Q3 25 | $0.26 | $0.34 | ||
| Q2 25 | $0.43 | $0.52 | ||
| Q1 25 | $0.12 | $0.19 | ||
| Q4 24 | $0.31 | $0.56 | ||
| Q3 24 | $0.44 | $0.28 | ||
| Q2 24 | $0.64 | $0.37 |
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 | $456.0M |
| Total DebtLower is stronger | $7.1M | $2.7B |
| Stockholders' EquityBook value | $1.9B | $403.0M |
| Total Assets | $4.4B | $5.7B |
| Debt / EquityLower = less leverage | 0.00× | 6.63× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $456.0M | ||
| Q3 25 | $13.5M | $412.0M | ||
| Q2 25 | $19.6M | $357.0M | ||
| Q1 25 | $24.1M | $352.0M | ||
| Q4 24 | $20.0M | $419.0M | ||
| Q3 24 | $23.0M | $395.0M | ||
| Q2 24 | $30.0M | $374.0M |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | — | ||
| Q4 24 | $190.5M | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $403.0M | ||
| Q3 25 | $2.1B | $330.0M | ||
| Q2 25 | $2.0B | $350.0M | ||
| Q1 25 | $2.0B | $275.0M | ||
| Q4 24 | $2.0B | $219.0M | ||
| Q3 24 | $2.0B | $264.0M | ||
| Q2 24 | $1.9B | $250.0M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $5.7B | ||
| Q3 25 | $3.5B | $5.7B | ||
| Q2 25 | $3.4B | $5.8B | ||
| Q1 25 | $3.4B | $5.7B | ||
| Q4 24 | $3.3B | $5.5B | ||
| Q3 24 | $3.3B | $5.7B | ||
| Q2 24 | $3.2B | $5.8B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 6.63× | ||
| Q3 25 | — | 8.45× | ||
| Q2 25 | — | 8.05× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | 13.05× | ||
| 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 | — | $231.0M |
| Free Cash FlowOCF − Capex | — | $194.0M |
| FCF MarginFCF / Revenue | — | 16.8% |
| Capex IntensityCapex / Revenue | 13.1% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | $239.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $231.0M | ||
| Q3 25 | $51.5M | $25.0M | ||
| Q2 25 | $170.6M | $-23.0M | ||
| Q1 25 | $192.1M | $123.0M | ||
| Q4 24 | $177.3M | $80.0M | ||
| Q3 24 | $244.5M | $107.0M | ||
| Q2 24 | $248.2M | $9.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $194.0M | ||
| Q3 25 | $-67.2M | $-5.0M | ||
| Q2 25 | $33.1M | $-44.0M | ||
| Q1 25 | $58.2M | $94.0M | ||
| Q4 24 | $-26.2M | $62.0M | ||
| Q3 24 | $77.9M | $85.0M | ||
| Q2 24 | $112.2M | $-14.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 16.8% | ||
| Q3 25 | -7.1% | -0.4% | ||
| Q2 25 | 3.2% | -4.0% | ||
| Q1 25 | 6.0% | 9.6% | ||
| Q4 24 | -2.8% | 5.6% | ||
| Q3 24 | 6.8% | 7.9% | ||
| Q2 24 | 9.7% | -1.3% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 3.2% | ||
| Q3 25 | 12.5% | 2.7% | ||
| Q2 25 | 13.2% | 1.9% | ||
| Q1 25 | 13.7% | 3.0% | ||
| Q4 24 | 21.6% | 1.6% | ||
| Q3 24 | 14.6% | 2.1% | ||
| Q2 24 | 11.7% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 2.78× | ||
| Q3 25 | 1.20× | 0.96× | ||
| Q2 25 | 2.40× | -0.59× | ||
| Q1 25 | 9.55× | 8.79× | ||
| Q4 24 | 3.42× | 1.95× | ||
| Q3 24 | 3.31× | 5.10× | ||
| Q2 24 | 2.29× | 0.33× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
