vs
Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and North American Construction Group Ltd. (NOA). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $860.2M, roughly 1.2× North American Construction Group Ltd.). North American Construction Group Ltd. runs the higher net margin — 4.7% vs 2.2%, a 2.5% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% 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.
Shanghai Construction (Group) Corporation (SCG) is a Chinese construction and engineering company, ranked as the 16th largest construction company in the world based on 2011 revenues.
LBRT vs NOA — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $860.2M |
| Net Profit | $22.6M | $40.5M |
| Gross Margin | — | 19.7% |
| Operating Margin | 2.2% | 15.4% |
| Net Margin | 2.2% | 4.7% |
| Revenue YoY | 4.5% | — |
| Net Profit YoY | 64.8% | — |
| EPS (diluted) | $0.14 | — |
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 | — | ||
| Q3 25 | $947.4M | $860.2M | ||
| Q2 25 | $1.0B | $573.3M | ||
| Q1 25 | $977.5M | $297.0M | ||
| Q4 24 | $943.6M | — | ||
| Q3 24 | $1.1B | $636.4M | ||
| Q2 24 | $1.2B | $439.5M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | — | ||
| Q3 25 | $43.1M | $40.5M | ||
| Q2 25 | $71.0M | $26.0M | ||
| Q1 25 | $20.1M | $11.5M | ||
| Q4 24 | $51.9M | — | ||
| Q3 24 | $73.8M | $45.5M | ||
| Q2 24 | $108.4M | $34.1M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | — | ||
| Q3 25 | 18.7% | 19.7% | ||
| Q2 25 | 22.1% | 18.1% | ||
| Q1 25 | 22.1% | 18.0% | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 26.2% | 14.0% | ||
| Q2 24 | 27.9% | 14.3% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | -0.3% | 15.4% | ||
| Q2 25 | 3.6% | 13.6% | ||
| Q1 25 | 1.9% | 13.0% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 9.4% | 7.9% | ||
| Q2 24 | 12.2% | 8.2% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | — | ||
| Q3 25 | 4.5% | 4.7% | ||
| Q2 25 | 6.8% | 4.5% | ||
| Q1 25 | 2.1% | 3.9% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 6.5% | 7.1% | ||
| Q2 24 | 9.3% | 7.8% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | — | ||
| Q3 25 | $0.26 | — | ||
| Q2 25 | $0.43 | — | ||
| Q1 25 | $0.12 | — | ||
| Q4 24 | $0.31 | — | ||
| Q3 24 | $0.44 | — | ||
| Q2 24 | $0.64 | — |
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 | — |
| Stockholders' EquityBook value | $1.9B | — |
| Total Assets | $4.4B | $1.7B |
| Debt / EquityLower = less leverage | 0.00× | — |
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 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $190.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.5B | $1.7B | ||
| Q2 25 | $3.4B | $1.7B | ||
| Q1 25 | $3.4B | $1.7B | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | $1.5B | ||
| Q2 24 | $3.2B | $1.5B |
| 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 | — | $140.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 13.1% | — |
| Cash ConversionOCF / Net Profit | — | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | — | ||
| Q3 25 | $51.5M | $140.7M | ||
| Q2 25 | $170.6M | $85.4M | ||
| Q1 25 | $192.1M | $19.0M | ||
| Q4 24 | $177.3M | — | ||
| Q3 24 | $244.5M | $109.5M | ||
| Q2 24 | $248.2M | $72.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | — | ||
| Q3 25 | $-67.2M | — | ||
| Q2 25 | $33.1M | — | ||
| Q1 25 | $58.2M | — | ||
| Q4 24 | $-26.2M | — | ||
| Q3 24 | $77.9M | — | ||
| Q2 24 | $112.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | — | ||
| Q3 25 | -7.1% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 6.0% | — | ||
| Q4 24 | -2.8% | — | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 9.7% | — |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | — | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 13.2% | — | ||
| Q1 25 | 13.7% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 14.6% | — | ||
| Q2 24 | 11.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | — | ||
| Q3 25 | 1.20× | 3.47× | ||
| Q2 25 | 2.40× | 3.28× | ||
| Q1 25 | 9.55× | 1.65× | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 3.31× | 2.41× | ||
| Q2 24 | 2.29× | 2.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
