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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and OLD NATIONAL BANCORP (ONB). Click either name above to swap in a different company.

Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $702.8M, roughly 1.5× OLD NATIONAL BANCORP). OLD NATIONAL BANCORP runs the higher net margin — 33.3% vs 2.2%, a 31.0% gap on every dollar of revenue. On growth, OLD NATIONAL BANCORP posted the faster year-over-year revenue change (44.4% vs 4.5%). Over the past eight quarters, OLD NATIONAL BANCORP's revenue compounded faster (34.5% 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 National Bank is an American regional bank with nearly 200 retail branches operated by Old National Bancorp and based in Chicago and Evansville, Indiana. With assets at $48.5 billion and 250 banking centers, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and one of the top 30 banking companies in the U.S. Old National Bank has locations in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Tennessee, and Wisconsin.

LBRT vs ONB — Head-to-Head

Bigger by revenue
LBRT
LBRT
1.5× larger
LBRT
$1.0B
$702.8M
ONB
Growing faster (revenue YoY)
ONB
ONB
+39.9% gap
ONB
44.4%
4.5%
LBRT
Higher net margin
ONB
ONB
31.0% more per $
ONB
33.3%
2.2%
LBRT
Faster 2-yr revenue CAGR
ONB
ONB
Annualised
ONB
34.5%
-6.2%
LBRT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
LBRT
LBRT
ONB
ONB
Revenue
$1.0B
$702.8M
Net Profit
$22.6M
$233.7M
Gross Margin
Operating Margin
2.2%
Net Margin
2.2%
33.3%
Revenue YoY
4.5%
44.4%
Net Profit YoY
61.5%
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.

Revenue
LBRT
LBRT
ONB
ONB
Q1 26
$1.0B
$702.8M
Q4 25
$1.0B
$580.8M
Q3 25
$947.4M
$574.6M
Q2 25
$1.0B
$514.8M
Q1 25
$977.5M
$387.6M
Q4 24
$943.6M
$394.2M
Q3 24
$1.1B
$391.7M
Q2 24
$1.2B
$388.4M
Net Profit
LBRT
LBRT
ONB
ONB
Q1 26
$22.6M
$233.7M
Q4 25
$13.7M
$216.6M
Q3 25
$43.1M
$182.6M
Q2 25
$71.0M
$125.4M
Q1 25
$20.1M
$144.7M
Q4 24
$51.9M
$153.9M
Q3 24
$73.8M
$143.8M
Q2 24
$108.4M
$121.2M
Gross Margin
LBRT
LBRT
ONB
ONB
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%
Operating Margin
LBRT
LBRT
ONB
ONB
Q1 26
2.2%
Q4 25
1.9%
46.7%
Q3 25
-0.3%
40.5%
Q2 25
3.6%
30.2%
Q1 25
1.9%
46.8%
Q4 24
2.6%
47.2%
Q3 24
9.4%
47.2%
Q2 24
12.2%
40.3%
Net Margin
LBRT
LBRT
ONB
ONB
Q1 26
2.2%
33.3%
Q4 25
1.3%
37.3%
Q3 25
4.5%
31.8%
Q2 25
6.8%
24.4%
Q1 25
2.1%
37.3%
Q4 24
5.5%
39.0%
Q3 24
6.5%
36.7%
Q2 24
9.3%
31.2%
EPS (diluted)
LBRT
LBRT
ONB
ONB
Q1 26
$0.14
Q4 25
$0.08
$0.55
Q3 25
$0.26
$0.46
Q2 25
$0.43
$0.34
Q1 25
$0.12
$0.44
Q4 24
$0.31
$0.47
Q3 24
$0.44
$0.44
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
LBRT
LBRT
ONB
ONB
Cash + ST InvestmentsLiquidity on hand
$699.1M
Total DebtLower is stronger
$7.1M
Stockholders' EquityBook value
$1.9B
$8.5B
Total Assets
$4.4B
$73.0B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LBRT
LBRT
ONB
ONB
Q1 26
$699.1M
Q4 25
$27.6M
$1.8B
Q3 25
$13.5M
$1.7B
Q2 25
$19.6M
$1.8B
Q1 25
$24.1M
$1.2B
Q4 24
$20.0M
$1.2B
Q3 24
$23.0M
$1.2B
Q2 24
$30.0M
$1.2B
Total Debt
LBRT
LBRT
ONB
ONB
Q1 26
$7.1M
Q4 25
$246.6M
Q3 25
Q2 25
Q1 25
Q4 24
$190.5M
Q3 24
Q2 24
Stockholders' Equity
LBRT
LBRT
ONB
ONB
Q1 26
$1.9B
$8.5B
Q4 25
$2.1B
$8.5B
Q3 25
$2.1B
$8.3B
Q2 25
$2.0B
$8.1B
Q1 25
$2.0B
$6.5B
Q4 24
$2.0B
$6.3B
Q3 24
$2.0B
$6.4B
Q2 24
$1.9B
$6.1B
Total Assets
LBRT
LBRT
ONB
ONB
Q1 26
$4.4B
$73.0B
Q4 25
$3.6B
$72.2B
Q3 25
$3.5B
$71.2B
Q2 25
$3.4B
$71.0B
Q1 25
$3.4B
$53.9B
Q4 24
$3.3B
$53.6B
Q3 24
$3.3B
$53.6B
Q2 24
$3.2B
$53.1B
Debt / Equity
LBRT
LBRT
ONB
ONB
Q1 26
0.00×
Q4 25
0.12×
Q3 25
Q2 25
Q1 25
Q4 24
0.10×
Q3 24
Q2 24

Financial Flow Comparison

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

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