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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and Old Dominion (ODFL). Click either name above to swap in a different company.
Old Dominion is the larger business by last-quarter revenue ($1.3B vs $1.0B, roughly 1.3× Liberty Energy Inc.). Old Dominion runs the higher net margin — 17.6% vs 2.2%, a 15.3% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs -5.7%). Over the past eight quarters, Old Dominion's revenue compounded faster (-5.4% 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.
Old Dominion Freight Line, Inc. (ODFL) is an American regional, inter-regional and national less than truckload shipping (LTL) company. In addition to its core LTL services, the company offers expedited, logistics and household moving services.
LBRT vs ODFL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.3B |
| Net Profit | $22.6M | $229.5M |
| Gross Margin | — | — |
| Operating Margin | 2.2% | 23.3% |
| Net Margin | 2.2% | 17.6% |
| Revenue YoY | 4.5% | -5.7% |
| Net Profit YoY | 64.8% | -12.8% |
| EPS (diluted) | $0.14 | $1.10 |
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 | $1.3B | ||
| Q3 25 | $947.4M | $1.4B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $977.5M | $1.4B | ||
| Q4 24 | $943.6M | $1.4B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.2B | $1.5B |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $229.5M | ||
| Q3 25 | $43.1M | $270.9M | ||
| Q2 25 | $71.0M | $268.6M | ||
| Q1 25 | $20.1M | $254.7M | ||
| Q4 24 | $51.9M | $263.1M | ||
| Q3 24 | $73.8M | $308.6M | ||
| Q2 24 | $108.4M | $322.0M |
| 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% | 23.3% | ||
| Q3 25 | -0.3% | 25.7% | ||
| Q2 25 | 3.6% | 25.4% | ||
| Q1 25 | 1.9% | 24.6% | ||
| Q4 24 | 2.6% | 24.1% | ||
| Q3 24 | 9.4% | 27.3% | ||
| Q2 24 | 12.2% | 28.1% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 17.6% | ||
| Q3 25 | 4.5% | 19.3% | ||
| Q2 25 | 6.8% | 19.1% | ||
| Q1 25 | 2.1% | 18.5% | ||
| Q4 24 | 5.5% | 19.0% | ||
| Q3 24 | 6.5% | 21.0% | ||
| Q2 24 | 9.3% | 21.5% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $1.10 | ||
| Q3 25 | $0.26 | $1.28 | ||
| Q2 25 | $0.43 | $1.27 | ||
| Q1 25 | $0.12 | $1.19 | ||
| Q4 24 | $0.31 | $1.23 | ||
| Q3 24 | $0.44 | $1.43 | ||
| Q2 24 | $0.64 | $1.48 |
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 | $120.1M |
| Total DebtLower is stronger | $7.1M | $20.0M |
| Stockholders' EquityBook value | $1.9B | $4.3B |
| Total Assets | $4.4B | $5.5B |
| Debt / EquityLower = less leverage | 0.00× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $120.1M | ||
| Q3 25 | $13.5M | $46.6M | ||
| Q2 25 | $19.6M | $24.1M | ||
| Q1 25 | $24.1M | $97.2M | ||
| Q4 24 | $20.0M | $108.7M | ||
| Q3 24 | $23.0M | $74.2M | ||
| Q2 24 | $30.0M | $104.6M |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $20.0M | ||
| Q3 25 | — | $65.0M | ||
| Q2 25 | — | $150.0M | ||
| Q1 25 | — | $40.0M | ||
| Q4 24 | $190.5M | $40.0M | ||
| Q3 24 | — | $40.0M | ||
| Q2 24 | — | $40.0M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $4.3B | ||
| Q3 25 | $2.1B | $4.3B | ||
| Q2 25 | $2.0B | $4.2B | ||
| Q1 25 | $2.0B | $4.2B | ||
| Q4 24 | $2.0B | $4.2B | ||
| Q3 24 | $2.0B | $4.2B | ||
| Q2 24 | $1.9B | $4.1B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $5.5B | ||
| Q3 25 | $3.5B | $5.5B | ||
| Q2 25 | $3.4B | $5.6B | ||
| Q1 25 | $3.4B | $5.5B | ||
| Q4 24 | $3.3B | $5.5B | ||
| Q3 24 | $3.3B | $5.4B | ||
| Q2 24 | $3.2B | $5.3B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 0.00× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | 0.10× | 0.01× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× |
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 | — | $310.3M |
| Free Cash FlowOCF − Capex | — | $264.5M |
| FCF MarginFCF / Revenue | — | 20.2% |
| Capex IntensityCapex / Revenue | 13.1% | 3.5% |
| Cash ConversionOCF / Net Profit | — | 1.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | $955.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $310.3M | ||
| Q3 25 | $51.5M | $437.5M | ||
| Q2 25 | $170.6M | $285.8M | ||
| Q1 25 | $192.1M | $336.5M | ||
| Q4 24 | $177.3M | $401.1M | ||
| Q3 24 | $244.5M | $446.5M | ||
| Q2 24 | $248.2M | $387.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $264.5M | ||
| Q3 25 | $-67.2M | $343.5M | ||
| Q2 25 | $33.1M | $98.7M | ||
| Q1 25 | $58.2M | $248.4M | ||
| Q4 24 | $-26.2M | $230.1M | ||
| Q3 24 | $77.9M | $203.7M | ||
| Q2 24 | $112.2M | $149.7M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 20.2% | ||
| Q3 25 | -7.1% | 24.4% | ||
| Q2 25 | 3.2% | 7.0% | ||
| Q1 25 | 6.0% | 18.1% | ||
| Q4 24 | -2.8% | 16.6% | ||
| Q3 24 | 6.8% | 13.9% | ||
| Q2 24 | 9.7% | 10.0% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 3.5% | ||
| Q3 25 | 12.5% | 6.7% | ||
| Q2 25 | 13.2% | 13.3% | ||
| Q1 25 | 13.7% | 6.4% | ||
| Q4 24 | 21.6% | 12.3% | ||
| Q3 24 | 14.6% | 16.5% | ||
| Q2 24 | 11.7% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 1.35× | ||
| Q3 25 | 1.20× | 1.61× | ||
| Q2 25 | 2.40× | 1.06× | ||
| Q1 25 | 9.55× | 1.32× | ||
| Q4 24 | 3.42× | 1.52× | ||
| Q3 24 | 3.31× | 1.45× | ||
| Q2 24 | 2.29× | 1.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
ODFL
| LTL Service Revenue | $1.3B | 99% |
| Other Service Revenue | $11.4M | 1% |
