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

Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $853.7M, roughly 1.2× Primerica, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs 2.2%, a 20.9% gap on every dollar of revenue. On growth, Primerica, Inc. posted the faster year-over-year revenue change (11.0% vs 4.5%). Over the past eight quarters, Primerica, Inc.'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.

Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.

LBRT vs PRI — Head-to-Head

Bigger by revenue
LBRT
LBRT
1.2× larger
LBRT
$1.0B
$853.7M
PRI
Growing faster (revenue YoY)
PRI
PRI
+6.6% gap
PRI
11.0%
4.5%
LBRT
Higher net margin
PRI
PRI
20.9% more per $
PRI
23.1%
2.2%
LBRT
Faster 2-yr revenue CAGR
PRI
PRI
Annualised
PRI
7.2%
-6.2%
LBRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LBRT
LBRT
PRI
PRI
Revenue
$1.0B
$853.7M
Net Profit
$22.6M
$197.0M
Gross Margin
Operating Margin
2.2%
28.9%
Net Margin
2.2%
23.1%
Revenue YoY
4.5%
11.0%
Net Profit YoY
64.8%
17.9%
EPS (diluted)
$0.14
$6.11

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
PRI
PRI
Q1 26
$1.0B
Q4 25
$1.0B
$853.7M
Q3 25
$947.4M
$839.9M
Q2 25
$1.0B
$793.3M
Q1 25
$977.5M
$804.8M
Q4 24
$943.6M
$768.8M
Q3 24
$1.1B
$774.1M
Q2 24
$1.2B
$803.4M
Net Profit
LBRT
LBRT
PRI
PRI
Q1 26
$22.6M
Q4 25
$13.7M
$197.0M
Q3 25
$43.1M
$206.8M
Q2 25
$71.0M
$178.3M
Q1 25
$20.1M
$169.1M
Q4 24
$51.9M
$167.1M
Q3 24
$73.8M
$164.4M
Q2 24
$108.4M
$1.2M
Gross Margin
LBRT
LBRT
PRI
PRI
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%
98.0%
Operating Margin
LBRT
LBRT
PRI
PRI
Q1 26
2.2%
Q4 25
1.9%
28.9%
Q3 25
-0.3%
32.3%
Q2 25
3.6%
29.6%
Q1 25
1.9%
27.5%
Q4 24
2.6%
64.7%
Q3 24
9.4%
32.9%
Q2 24
12.2%
1.0%
Net Margin
LBRT
LBRT
PRI
PRI
Q1 26
2.2%
Q4 25
1.3%
23.1%
Q3 25
4.5%
24.6%
Q2 25
6.8%
22.5%
Q1 25
2.1%
21.0%
Q4 24
5.5%
21.7%
Q3 24
6.5%
21.2%
Q2 24
9.3%
0.1%
EPS (diluted)
LBRT
LBRT
PRI
PRI
Q1 26
$0.14
Q4 25
$0.08
$6.11
Q3 25
$0.26
$6.35
Q2 25
$0.43
$5.40
Q1 25
$0.12
$5.05
Q4 24
$0.31
$4.92
Q3 24
$0.44
$4.83
Q2 24
$0.64
$0.03

Balance Sheet & Financial Strength

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

Metric
LBRT
LBRT
PRI
PRI
Cash + ST InvestmentsLiquidity on hand
$699.1M
$756.2M
Total DebtLower is stronger
$7.1M
Stockholders' EquityBook value
$1.9B
$2.4B
Total Assets
$4.4B
$15.0B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LBRT
LBRT
PRI
PRI
Q1 26
$699.1M
Q4 25
$27.6M
$756.2M
Q3 25
$13.5M
$644.9M
Q2 25
$19.6M
$621.2M
Q1 25
$24.1M
$625.1M
Q4 24
$20.0M
$687.8M
Q3 24
$23.0M
$550.1M
Q2 24
$30.0M
$627.3M
Total Debt
LBRT
LBRT
PRI
PRI
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
PRI
PRI
Q1 26
$1.9B
Q4 25
$2.1B
$2.4B
Q3 25
$2.1B
$2.3B
Q2 25
$2.0B
$2.3B
Q1 25
$2.0B
$2.3B
Q4 24
$2.0B
$2.3B
Q3 24
$2.0B
$1.9B
Q2 24
$1.9B
$2.1B
Total Assets
LBRT
LBRT
PRI
PRI
Q1 26
$4.4B
Q4 25
$3.6B
$15.0B
Q3 25
$3.5B
$14.8B
Q2 25
$3.4B
$14.8B
Q1 25
$3.4B
$14.6B
Q4 24
$3.3B
$14.6B
Q3 24
$3.3B
$14.8B
Q2 24
$3.2B
$14.6B
Debt / Equity
LBRT
LBRT
PRI
PRI
Q1 26
0.00×
Q4 25
0.12×
Q3 25
Q2 25
Q1 25
Q4 24
0.10×
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
LBRT
LBRT
PRI
PRI
Operating Cash FlowLast quarter
$338.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
13.1%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LBRT
LBRT
PRI
PRI
Q1 26
Q4 25
$195.4M
$338.2M
Q3 25
$51.5M
$202.9M
Q2 25
$170.6M
$162.6M
Q1 25
$192.1M
$197.5M
Q4 24
$177.3M
$270.6M
Q3 24
$244.5M
$207.3M
Q2 24
$248.2M
$173.3M
Free Cash Flow
LBRT
LBRT
PRI
PRI
Q1 26
Q4 25
$-10.0M
Q3 25
$-67.2M
Q2 25
$33.1M
Q1 25
$58.2M
Q4 24
$-26.2M
Q3 24
$77.9M
Q2 24
$112.2M
FCF Margin
LBRT
LBRT
PRI
PRI
Q1 26
Q4 25
-1.0%
Q3 25
-7.1%
Q2 25
3.2%
Q1 25
6.0%
Q4 24
-2.8%
Q3 24
6.8%
Q2 24
9.7%
Capex Intensity
LBRT
LBRT
PRI
PRI
Q1 26
13.1%
Q4 25
19.8%
Q3 25
12.5%
Q2 25
13.2%
Q1 25
13.7%
Q4 24
21.6%
Q3 24
14.6%
Q2 24
11.7%
Cash Conversion
LBRT
LBRT
PRI
PRI
Q1 26
Q4 25
14.28×
1.72×
Q3 25
1.20×
0.98×
Q2 25
2.40×
0.91×
Q1 25
9.55×
1.17×
Q4 24
3.42×
1.62×
Q3 24
3.31×
1.26×
Q2 24
2.29×
147.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LBRT
LBRT

Segment breakdown not available.

PRI
PRI

Revenues From Sources Other Than Contracts With Customers$445.9M52%
Investment And Savings Products Segment Revenues$340.3M40%
Other$56.5M7%
Segment Revenues From Contracts With Customers$11.0M1%

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