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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
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $190.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| 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 |
| 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 |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 | — |
| 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% | — |
| 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% | — |
| 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
Segment breakdown not available.
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |