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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and PLEXUS CORP (PLXS). Click either name above to swap in a different company.

PLEXUS CORP is the larger business by last-quarter revenue ($1.2B vs $1.0B, roughly 1.1× Liberty Energy Inc.). PLEXUS CORP runs the higher net margin — 4.3% vs 2.2%, a 2.1% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (18.7% vs 4.5%). Over the past eight quarters, PLEXUS CORP's revenue compounded faster (7.2% 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.

Plex Systems, Inc. is an American software company based in Troy, Michigan. The company develops and markets the Plex Manufacturing Cloud, a software as a service (SaaS) or cloud computing ERP for manufacturing.

LBRT vs PLXS — Head-to-Head

Bigger by revenue
PLXS
PLXS
1.1× larger
PLXS
$1.2B
$1.0B
LBRT
Growing faster (revenue YoY)
PLXS
PLXS
+14.3% gap
PLXS
18.7%
4.5%
LBRT
Higher net margin
PLXS
PLXS
2.1% more per $
PLXS
4.3%
2.2%
LBRT
Faster 2-yr revenue CAGR
PLXS
PLXS
Annualised
PLXS
7.2%
-6.2%
LBRT

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
LBRT
LBRT
PLXS
PLXS
Revenue
$1.0B
$1.2B
Net Profit
$22.6M
$49.8M
Gross Margin
10.2%
Operating Margin
2.2%
5.3%
Net Margin
2.2%
4.3%
Revenue YoY
4.5%
18.7%
Net Profit YoY
27.5%
EPS (diluted)
$0.14
$1.82

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
PLXS
PLXS
Q1 26
$1.0B
$1.1B
Q4 25
$1.0B
Q3 25
$947.4M
Q2 25
$1.0B
Q1 25
$977.5M
Q4 24
$943.6M
Q3 24
$1.1B
Q2 24
$1.2B
Net Profit
LBRT
LBRT
PLXS
PLXS
Q1 26
$22.6M
$41.2M
Q4 25
$13.7M
Q3 25
$43.1M
Q2 25
$71.0M
Q1 25
$20.1M
Q4 24
$51.9M
Q3 24
$73.8M
Q2 24
$108.4M
Gross Margin
LBRT
LBRT
PLXS
PLXS
Q1 26
9.9%
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
PLXS
PLXS
Q1 26
2.2%
5.1%
Q4 25
1.9%
Q3 25
-0.3%
Q2 25
3.6%
Q1 25
1.9%
Q4 24
2.6%
Q3 24
9.4%
Q2 24
12.2%
Net Margin
LBRT
LBRT
PLXS
PLXS
Q1 26
2.2%
3.8%
Q4 25
1.3%
Q3 25
4.5%
Q2 25
6.8%
Q1 25
2.1%
Q4 24
5.5%
Q3 24
6.5%
Q2 24
9.3%
EPS (diluted)
LBRT
LBRT
PLXS
PLXS
Q1 26
$0.14
$1.51
Q4 25
$0.08
Q3 25
$0.26
Q2 25
$0.43
Q1 25
$0.12
Q4 24
$0.31
Q3 24
$0.44
Q2 24
$0.64

Balance Sheet & Financial Strength

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

Metric
LBRT
LBRT
PLXS
PLXS
Cash + ST InvestmentsLiquidity on hand
$699.1M
$303.1M
Total DebtLower is stronger
$7.1M
Stockholders' EquityBook value
$1.9B
$1.5B
Total Assets
$4.4B
$3.4B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LBRT
LBRT
PLXS
PLXS
Q1 26
$699.1M
$248.8M
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
PLXS
PLXS
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
PLXS
PLXS
Q1 26
$1.9B
$1.5B
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$2.0B
Q2 24
$1.9B
Total Assets
LBRT
LBRT
PLXS
PLXS
Q1 26
$4.4B
$3.2B
Q4 25
$3.6B
Q3 25
$3.5B
Q2 25
$3.4B
Q1 25
$3.4B
Q4 24
$3.3B
Q3 24
$3.3B
Q2 24
$3.2B
Debt / Equity
LBRT
LBRT
PLXS
PLXS
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.

Revenue Breakdown by Segment

LBRT
LBRT

Segment breakdown not available.

PLXS
PLXS

Asia-Pacific$652.0M56%
Americas$397.0M34%
Europe, Middle East and Africa$116.0M10%

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