vs
Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and PHINIA INC. (PHIN). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $889.0M, roughly 1.1× PHINIA INC.). On growth, PHINIA INC. posted the faster year-over-year revenue change (6.7% vs 4.5%). Over the past eight quarters, PHINIA INC.'s revenue compounded faster (1.5% 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.
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
LBRT vs PHIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $889.0M |
| Net Profit | $22.6M | — |
| Gross Margin | — | 21.7% |
| Operating Margin | 2.2% | 7.8% |
| Net Margin | 2.2% | — |
| Revenue YoY | 4.5% | 6.7% |
| Net Profit YoY | 64.8% | — |
| EPS (diluted) | $0.14 | $1.14 |
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 | $889.0M | ||
| Q3 25 | $947.4M | $908.0M | ||
| Q2 25 | $1.0B | $890.0M | ||
| Q1 25 | $977.5M | $796.0M | ||
| Q4 24 | $943.6M | $833.0M | ||
| Q3 24 | $1.1B | $839.0M | ||
| Q2 24 | $1.2B | $868.0M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | — | ||
| Q3 25 | $43.1M | $13.0M | ||
| Q2 25 | $71.0M | $46.0M | ||
| Q1 25 | $20.1M | $26.0M | ||
| Q4 24 | $51.9M | — | ||
| Q3 24 | $73.8M | $31.0M | ||
| Q2 24 | $108.4M | $14.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 21.7% | ||
| Q3 25 | 18.7% | 22.0% | ||
| Q2 25 | 22.1% | 22.1% | ||
| Q1 25 | 22.1% | 21.6% | ||
| Q4 24 | 21.4% | 22.7% | ||
| Q3 24 | 26.2% | 22.3% | ||
| Q2 24 | 27.9% | 21.7% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 7.8% | ||
| Q3 25 | -0.3% | 3.7% | ||
| Q2 25 | 3.6% | 10.0% | ||
| Q1 25 | 1.9% | 7.8% | ||
| Q4 24 | 2.6% | 6.1% | ||
| Q3 24 | 9.4% | 7.9% | ||
| Q2 24 | 12.2% | 8.2% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | — | ||
| Q3 25 | 4.5% | 1.4% | ||
| Q2 25 | 6.8% | 5.2% | ||
| Q1 25 | 2.1% | 3.3% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 6.5% | 3.7% | ||
| Q2 24 | 9.3% | 1.6% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $1.14 | ||
| Q3 25 | $0.26 | $0.33 | ||
| Q2 25 | $0.43 | $1.14 | ||
| Q1 25 | $0.12 | $0.63 | ||
| Q4 24 | $0.31 | $0.13 | ||
| Q3 24 | $0.44 | $0.70 | ||
| Q2 24 | $0.64 | $0.31 |
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 | $359.0M |
| Total DebtLower is stronger | $7.1M | $970.0M |
| Stockholders' EquityBook value | $1.9B | $1.6B |
| Total Assets | $4.4B | $3.8B |
| Debt / EquityLower = less leverage | 0.00× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $359.0M | ||
| Q3 25 | $13.5M | $349.0M | ||
| Q2 25 | $19.6M | $347.0M | ||
| Q1 25 | $24.1M | $373.0M | ||
| Q4 24 | $20.0M | $484.0M | ||
| Q3 24 | $23.0M | $477.0M | ||
| Q2 24 | $30.0M | $339.0M |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $970.0M | ||
| Q3 25 | — | $990.0M | ||
| Q2 25 | — | $990.0M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | $190.5M | $988.0M | ||
| Q3 24 | — | $987.0M | ||
| Q2 24 | — | $821.0M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $2.0B | $1.6B | ||
| Q1 25 | $2.0B | $1.5B | ||
| Q4 24 | $2.0B | $1.6B | ||
| Q3 24 | $2.0B | $1.7B | ||
| Q2 24 | $1.9B | $1.7B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $3.8B | ||
| Q3 25 | $3.5B | $4.0B | ||
| Q2 25 | $3.4B | $3.9B | ||
| Q1 25 | $3.4B | $3.7B | ||
| Q4 24 | $3.3B | $3.8B | ||
| Q3 24 | $3.3B | $4.0B | ||
| Q2 24 | $3.2B | $3.9B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 0.61× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | 0.10× | 0.63× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.47× |
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 | — | $96.0M |
| Free Cash FlowOCF − Capex | — | $67.0M |
| FCF MarginFCF / Revenue | — | 7.5% |
| Capex IntensityCapex / Revenue | 13.1% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $188.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $96.0M | ||
| Q3 25 | $51.5M | $119.0M | ||
| Q2 25 | $170.6M | $57.0M | ||
| Q1 25 | $192.1M | $40.0M | ||
| Q4 24 | $177.3M | $73.0M | ||
| Q3 24 | $244.5M | $95.0M | ||
| Q2 24 | $248.2M | $109.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $67.0M | ||
| Q3 25 | $-67.2M | $93.0M | ||
| Q2 25 | $33.1M | $23.0M | ||
| Q1 25 | $58.2M | $5.0M | ||
| Q4 24 | $-26.2M | $53.0M | ||
| Q3 24 | $77.9M | $70.0M | ||
| Q2 24 | $112.2M | $92.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 7.5% | ||
| Q3 25 | -7.1% | 10.2% | ||
| Q2 25 | 3.2% | 2.6% | ||
| Q1 25 | 6.0% | 0.6% | ||
| Q4 24 | -2.8% | 6.4% | ||
| Q3 24 | 6.8% | 8.3% | ||
| Q2 24 | 9.7% | 10.6% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 3.3% | ||
| Q3 25 | 12.5% | 2.9% | ||
| Q2 25 | 13.2% | 3.8% | ||
| Q1 25 | 13.7% | 4.4% | ||
| Q4 24 | 21.6% | 2.4% | ||
| Q3 24 | 14.6% | 3.0% | ||
| Q2 24 | 11.7% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | — | ||
| Q3 25 | 1.20× | 9.15× | ||
| Q2 25 | 2.40× | 1.24× | ||
| Q1 25 | 9.55× | 1.54× | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 3.31× | 3.06× | ||
| Q2 24 | 2.29× | 7.79× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
