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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and nVent Electric plc (NVT). Click either name above to swap in a different company.

nVent Electric plc is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.0× Liberty Energy Inc.). nVent Electric plc runs the higher net margin — 11.1% vs 2.2%, a 8.9% gap on every dollar of revenue. On growth, nVent Electric plc posted the faster year-over-year revenue change (127.3% vs 4.5%). Over the past eight quarters, nVent Electric plc's revenue compounded faster (10.4% 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.

NVent Electric plc is an American-British multinational company providing electrical connection and enclosure products. The company designs, manufactures, markets, and services products used to connect, protect, and manage electrical systems in commercial, industrial, residential, infrastructure, and data center applications.

LBRT vs NVT — Head-to-Head

Bigger by revenue
NVT
NVT
1.0× larger
NVT
$1.1B
$1.0B
LBRT
Growing faster (revenue YoY)
NVT
NVT
+122.9% gap
NVT
127.3%
4.5%
LBRT
Higher net margin
NVT
NVT
8.9% more per $
NVT
11.1%
2.2%
LBRT
Faster 2-yr revenue CAGR
NVT
NVT
Annualised
NVT
10.4%
-6.2%
LBRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LBRT
LBRT
NVT
NVT
Revenue
$1.0B
$1.1B
Net Profit
$22.6M
$118.8M
Gross Margin
36.5%
Operating Margin
2.2%
15.4%
Net Margin
2.2%
11.1%
Revenue YoY
4.5%
127.3%
Net Profit YoY
1010.3%
EPS (diluted)
$0.14
$0.74

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.

Revenue
LBRT
LBRT
NVT
NVT
Q1 26
$1.0B
Q4 25
$1.0B
$1.1B
Q3 25
$947.4M
$1.1B
Q2 25
$1.0B
$963.1M
Q1 25
$977.5M
$809.3M
Q4 24
$943.6M
$469.2M
Q3 24
$1.1B
$782.0M
Q2 24
$1.2B
$880.3M
Net Profit
LBRT
LBRT
NVT
NVT
Q1 26
$22.6M
Q4 25
$13.7M
$118.8M
Q3 25
$43.1M
$121.2M
Q2 25
$71.0M
$109.5M
Q1 25
$20.1M
$360.7M
Q4 24
$51.9M
$10.7M
Q3 24
$73.8M
$105.0M
Q2 24
$108.4M
$111.0M
Gross Margin
LBRT
LBRT
NVT
NVT
Q1 26
Q4 25
20.6%
36.5%
Q3 25
18.7%
37.4%
Q2 25
22.1%
38.6%
Q1 25
22.1%
38.8%
Q4 24
21.4%
37.1%
Q3 24
26.2%
39.8%
Q2 24
27.9%
41.8%
Operating Margin
LBRT
LBRT
NVT
NVT
Q1 26
2.2%
Q4 25
1.9%
15.4%
Q3 25
-0.3%
15.8%
Q2 25
3.6%
16.3%
Q1 25
1.9%
16.1%
Q4 24
2.6%
14.3%
Q3 24
9.4%
17.0%
Q2 24
12.2%
19.1%
Net Margin
LBRT
LBRT
NVT
NVT
Q1 26
2.2%
Q4 25
1.3%
11.1%
Q3 25
4.5%
11.5%
Q2 25
6.8%
11.4%
Q1 25
2.1%
44.6%
Q4 24
5.5%
2.3%
Q3 24
6.5%
13.4%
Q2 24
9.3%
12.6%
EPS (diluted)
LBRT
LBRT
NVT
NVT
Q1 26
$0.14
Q4 25
$0.08
$0.74
Q3 25
$0.26
$0.74
Q2 25
$0.43
$0.67
Q1 25
$0.12
$2.16
Q4 24
$0.31
$0.07
Q3 24
$0.44
$0.62
Q2 24
$0.64
$0.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LBRT
LBRT
NVT
NVT
Cash + ST InvestmentsLiquidity on hand
$699.1M
Total DebtLower is stronger
$7.1M
$1.6B
Stockholders' EquityBook value
$1.9B
$3.7B
Total Assets
$4.4B
$6.9B
Debt / EquityLower = less leverage
0.00×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LBRT
LBRT
NVT
NVT
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
Total Debt
LBRT
LBRT
NVT
NVT
Q1 26
$7.1M
Q4 25
$246.6M
$1.6B
Q3 25
$1.6B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$190.5M
$2.2B
Q3 24
$2.3B
Q2 24
$1.8B
Stockholders' Equity
LBRT
LBRT
NVT
NVT
Q1 26
$1.9B
Q4 25
$2.1B
$3.7B
Q3 25
$2.1B
$3.6B
Q2 25
$2.0B
$3.5B
Q1 25
$2.0B
$3.6B
Q4 24
$2.0B
$3.2B
Q3 24
$2.0B
$3.3B
Q2 24
$1.9B
$3.3B
Total Assets
LBRT
LBRT
NVT
NVT
Q1 26
$4.4B
Q4 25
$3.6B
$6.9B
Q3 25
$3.5B
$6.8B
Q2 25
$3.4B
$6.7B
Q1 25
$3.4B
$6.7B
Q4 24
$3.3B
$6.7B
Q3 24
$3.3B
$6.9B
Q2 24
$3.2B
$6.2B
Debt / Equity
LBRT
LBRT
NVT
NVT
Q1 26
0.00×
Q4 25
0.12×
0.42×
Q3 25
0.44×
Q2 25
0.50×
Q1 25
0.49×
Q4 24
0.10×
0.67×
Q3 24
0.69×
Q2 24
0.54×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LBRT
LBRT
NVT
NVT
Operating Cash FlowLast quarter
$202.4M
Free Cash FlowOCF − Capex
$165.7M
FCF MarginFCF / Revenue
15.5%
Capex IntensityCapex / Revenue
13.1%
3.4%
Cash ConversionOCF / Net Profit
1.70×
TTM Free Cash FlowTrailing 4 quarters
$371.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LBRT
LBRT
NVT
NVT
Q1 26
Q4 25
$195.4M
$202.4M
Q3 25
$51.5M
$219.5M
Q2 25
$170.6M
$-16.9M
Q1 25
$192.1M
$60.2M
Q4 24
$177.3M
$224.6M
Q3 24
$244.5M
$197.7M
Q2 24
$248.2M
$130.8M
Free Cash Flow
LBRT
LBRT
NVT
NVT
Q1 26
Q4 25
$-10.0M
$165.7M
Q3 25
$-67.2M
$200.9M
Q2 25
$33.1M
$-33.8M
Q1 25
$58.2M
$39.1M
Q4 24
$-26.2M
$198.1M
Q3 24
$77.9M
$184.8M
Q2 24
$112.2M
$112.3M
FCF Margin
LBRT
LBRT
NVT
NVT
Q1 26
Q4 25
-1.0%
15.5%
Q3 25
-7.1%
19.1%
Q2 25
3.2%
-3.5%
Q1 25
6.0%
4.8%
Q4 24
-2.8%
42.2%
Q3 24
6.8%
23.6%
Q2 24
9.7%
12.8%
Capex Intensity
LBRT
LBRT
NVT
NVT
Q1 26
13.1%
Q4 25
19.8%
3.4%
Q3 25
12.5%
1.8%
Q2 25
13.2%
1.8%
Q1 25
13.7%
2.6%
Q4 24
21.6%
5.6%
Q3 24
14.6%
1.6%
Q2 24
11.7%
2.1%
Cash Conversion
LBRT
LBRT
NVT
NVT
Q1 26
Q4 25
14.28×
1.70×
Q3 25
1.20×
1.81×
Q2 25
2.40×
-0.15×
Q1 25
9.55×
0.17×
Q4 24
3.42×
20.99×
Q3 24
3.31×
1.88×
Q2 24
2.29×
1.18×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LBRT
LBRT

Segment breakdown not available.

NVT
NVT

Industrial Sector$554.0M52%
Electricaland Fastening Solutions Segment$278.0M26%
Energy Sector$235.0M22%

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