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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $692.4M, roughly 1.5× OCEANEERING INTERNATIONAL INC). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs 2.2%, a 3.0% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs 2.7%). Over the past eight quarters, OCEANEERING INTERNATIONAL INC's revenue compounded faster (1.8% 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.
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
LBRT vs OII — Head-to-Head
Income Statement — Q1 2026 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $692.4M |
| Net Profit | $22.6M | $36.1M |
| Gross Margin | — | — |
| Operating Margin | 2.2% | — |
| Net Margin | 2.2% | 5.2% |
| Revenue YoY | 4.5% | 2.7% |
| Net Profit YoY | 64.8% | -79.7% |
| EPS (diluted) | $0.14 | $0.36 |
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 | $692.4M | ||
| Q4 25 | $1.0B | $668.6M | ||
| Q3 25 | $947.4M | $742.9M | ||
| Q2 25 | $1.0B | $698.2M | ||
| Q1 25 | $977.5M | $674.5M | ||
| Q4 24 | $943.6M | $713.5M | ||
| Q3 24 | $1.1B | $679.8M | ||
| Q2 24 | $1.2B | $668.8M |
| Q1 26 | $22.6M | $36.1M | ||
| Q4 25 | $13.7M | $177.7M | ||
| Q3 25 | $43.1M | $71.3M | ||
| Q2 25 | $71.0M | $54.4M | ||
| Q1 25 | $20.1M | $50.4M | ||
| Q4 24 | $51.9M | $56.1M | ||
| Q3 24 | $73.8M | $41.2M | ||
| Q2 24 | $108.4M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 19.8% | ||
| Q3 25 | 18.7% | 20.6% | ||
| Q2 25 | 22.1% | 21.3% | ||
| Q1 25 | 22.1% | 20.0% | ||
| Q4 24 | 21.4% | 19.9% | ||
| Q3 24 | 26.2% | 19.3% | ||
| Q2 24 | 27.9% | 18.0% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 9.8% | ||
| Q3 25 | -0.3% | 11.6% | ||
| Q2 25 | 3.6% | 11.3% | ||
| Q1 25 | 1.9% | 10.9% | ||
| Q4 24 | 2.6% | 10.9% | ||
| Q3 24 | 9.4% | 10.5% | ||
| Q2 24 | 12.2% | 9.0% |
| Q1 26 | 2.2% | 5.2% | ||
| Q4 25 | 1.3% | 26.6% | ||
| Q3 25 | 4.5% | 9.6% | ||
| Q2 25 | 6.8% | 7.8% | ||
| Q1 25 | 2.1% | 7.5% | ||
| Q4 24 | 5.5% | 7.9% | ||
| Q3 24 | 6.5% | 6.1% | ||
| Q2 24 | 9.3% | 5.2% |
| Q1 26 | $0.14 | $0.36 | ||
| Q4 25 | $0.08 | $1.75 | ||
| Q3 25 | $0.26 | $0.71 | ||
| Q2 25 | $0.43 | $0.54 | ||
| Q1 25 | $0.12 | $0.49 | ||
| Q4 24 | $0.31 | $0.55 | ||
| Q3 24 | $0.44 | $0.40 | ||
| Q2 24 | $0.64 | $0.34 |
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 | $488.8M |
| Stockholders' EquityBook value | $1.9B | $1.1B |
| Total Assets | $4.4B | $2.6B |
| Debt / EquityLower = less leverage | 0.00× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $695.9M | ||
| Q3 25 | $13.5M | $7.0M | ||
| Q2 25 | $19.6M | $7.0M | ||
| Q1 25 | $24.1M | $7.0M | ||
| Q4 24 | $20.0M | $504.5M | ||
| Q3 24 | $23.0M | — | ||
| Q2 24 | $30.0M | — |
| Q1 26 | $7.1M | $488.8M | ||
| Q4 25 | $246.6M | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $190.5M | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.9B | $1.1B | ||
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $2.1B | $907.7M | ||
| Q2 25 | $2.0B | $842.1M | ||
| Q1 25 | $2.0B | $773.1M | ||
| Q4 24 | $2.0B | $714.3M | ||
| Q3 24 | $2.0B | $698.0M | ||
| Q2 24 | $1.9B | $651.0M |
| Q1 26 | $4.4B | $2.6B | ||
| Q4 25 | $3.6B | $2.7B | ||
| Q3 25 | $3.5B | $2.5B | ||
| Q2 25 | $3.4B | $2.3B | ||
| Q1 25 | $3.4B | $2.3B | ||
| Q4 24 | $3.3B | $2.3B | ||
| Q3 24 | $3.3B | $2.4B | ||
| Q2 24 | $3.2B | $2.3B |
| Q1 26 | 0.00× | 0.44× | ||
| Q4 25 | 0.12× | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | 0.67× | ||
| 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 | — | — |
| Free Cash FlowOCF − Capex | — | $-76.5M |
| FCF MarginFCF / Revenue | — | -11.1% |
| Capex IntensityCapex / Revenue | 13.1% | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $221.1M | ||
| Q3 25 | $51.5M | $101.3M | ||
| Q2 25 | $170.6M | $77.2M | ||
| Q1 25 | $192.1M | $-80.7M | ||
| Q4 24 | $177.3M | $128.4M | ||
| Q3 24 | $244.5M | $91.9M | ||
| Q2 24 | $248.2M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $-10.0M | $190.7M | ||
| Q3 25 | $-67.2M | $77.0M | ||
| Q2 25 | $33.1M | $46.9M | ||
| Q1 25 | $58.2M | $-106.8M | ||
| Q4 24 | $-26.2M | $94.5M | ||
| Q3 24 | $77.9M | $67.0M | ||
| Q2 24 | $112.2M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | -1.0% | 28.5% | ||
| Q3 25 | -7.1% | 10.4% | ||
| Q2 25 | 3.2% | 6.7% | ||
| Q1 25 | 6.0% | -15.8% | ||
| Q4 24 | -2.8% | 13.2% | ||
| Q3 24 | 6.8% | 9.9% | ||
| Q2 24 | 9.7% | 4.5% |
| Q1 26 | 13.1% | 2.5% | ||
| Q4 25 | 19.8% | 4.6% | ||
| Q3 25 | 12.5% | 3.3% | ||
| Q2 25 | 13.2% | 4.3% | ||
| Q1 25 | 13.7% | 3.9% | ||
| Q4 24 | 21.6% | 4.7% | ||
| Q3 24 | 14.6% | 3.7% | ||
| Q2 24 | 11.7% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 1.24× | ||
| Q3 25 | 1.20× | 1.42× | ||
| Q2 25 | 2.40× | 1.42× | ||
| Q1 25 | 9.55× | -1.60× | ||
| Q4 24 | 3.42× | 2.29× | ||
| Q3 24 | 3.31× | 2.23× | ||
| Q2 24 | 2.29× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
OII
| Backlog at end of period | $492.0M | 71% |
| Other | $162.8M | 24% |
| ROV days available | $22.5M | 3% |
| ROV days utilized | $15.1M | 2% |
