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

Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $425.8M, roughly 2.4× RPC INC). Liberty Energy Inc. runs the higher net margin — 2.2% vs -0.7%, a 2.9% gap on every dollar of revenue. On growth, RPC INC posted the faster year-over-year revenue change (27.0% vs 4.5%). Over the past eight quarters, RPC INC's revenue compounded faster (6.2% 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.

RPC Group plc is based in the United Kingdom, and is one of Europe's largest supplier of plastic packaging. Its headquarters are in Rushden in Northamptonshire. It was listed on the London Stock Exchange until it was acquired in 2019 by Berry Global Group Inc, which in turn was acquired by Amcor in 2025.

LBRT vs RES — Head-to-Head

Bigger by revenue
LBRT
LBRT
2.4× larger
LBRT
$1.0B
$425.8M
RES
Growing faster (revenue YoY)
RES
RES
+22.5% gap
RES
27.0%
4.5%
LBRT
Higher net margin
LBRT
LBRT
2.9% more per $
LBRT
2.2%
-0.7%
RES
Faster 2-yr revenue CAGR
RES
RES
Annualised
RES
6.2%
-6.2%
LBRT

Income Statement — Q1 2026 vs Q4 2025

Metric
LBRT
LBRT
RES
RES
Revenue
$1.0B
$425.8M
Net Profit
$22.6M
$-3.1M
Gross Margin
21.0%
Operating Margin
2.2%
-0.9%
Net Margin
2.2%
-0.7%
Revenue YoY
4.5%
27.0%
Net Profit YoY
64.8%
-124.0%
EPS (diluted)
$0.14
$-0.02

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
RES
RES
Q1 26
$1.0B
Q4 25
$1.0B
$425.8M
Q3 25
$947.4M
$447.1M
Q2 25
$1.0B
$420.8M
Q1 25
$977.5M
$332.9M
Q4 24
$943.6M
$335.4M
Q3 24
$1.1B
$337.7M
Q2 24
$1.2B
$364.2M
Net Profit
LBRT
LBRT
RES
RES
Q1 26
$22.6M
Q4 25
$13.7M
$-3.1M
Q3 25
$43.1M
$13.0M
Q2 25
$71.0M
$10.1M
Q1 25
$20.1M
$12.0M
Q4 24
$51.9M
$12.8M
Q3 24
$73.8M
$18.8M
Q2 24
$108.4M
$32.4M
Gross Margin
LBRT
LBRT
RES
RES
Q1 26
Q4 25
20.6%
21.0%
Q3 25
18.7%
25.1%
Q2 25
22.1%
24.5%
Q1 25
22.1%
26.7%
Q4 24
21.4%
25.4%
Q3 24
26.2%
26.7%
Q2 24
27.9%
28.0%
Operating Margin
LBRT
LBRT
RES
RES
Q1 26
2.2%
Q4 25
1.9%
-0.9%
Q3 25
-0.3%
4.7%
Q2 25
3.6%
3.7%
Q1 25
1.9%
3.7%
Q4 24
2.6%
3.1%
Q3 24
9.4%
5.7%
Q2 24
12.2%
9.7%
Net Margin
LBRT
LBRT
RES
RES
Q1 26
2.2%
Q4 25
1.3%
-0.7%
Q3 25
4.5%
2.9%
Q2 25
6.8%
2.4%
Q1 25
2.1%
3.6%
Q4 24
5.5%
3.8%
Q3 24
6.5%
5.6%
Q2 24
9.3%
8.9%
EPS (diluted)
LBRT
LBRT
RES
RES
Q1 26
$0.14
Q4 25
$0.08
$-0.02
Q3 25
$0.26
$0.06
Q2 25
$0.43
$0.05
Q1 25
$0.12
$0.06
Q4 24
$0.31
$0.06
Q3 24
$0.44
$0.09
Q2 24
$0.64
$0.15

Balance Sheet & Financial Strength

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

Metric
LBRT
LBRT
RES
RES
Cash + ST InvestmentsLiquidity on hand
$699.1M
$210.0M
Total DebtLower is stronger
$7.1M
Stockholders' EquityBook value
$1.9B
$1.1B
Total Assets
$4.4B
$1.5B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LBRT
LBRT
RES
RES
Q1 26
$699.1M
Q4 25
$27.6M
$210.0M
Q3 25
$13.5M
$163.5M
Q2 25
$19.6M
$162.1M
Q1 25
$24.1M
$326.7M
Q4 24
$20.0M
$326.0M
Q3 24
$23.0M
$276.9M
Q2 24
$30.0M
$261.5M
Total Debt
LBRT
LBRT
RES
RES
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
RES
RES
Q1 26
$1.9B
Q4 25
$2.1B
$1.1B
Q3 25
$2.1B
$1.1B
Q2 25
$2.0B
$1.1B
Q1 25
$2.0B
$1.1B
Q4 24
$2.0B
$1.1B
Q3 24
$2.0B
$1.1B
Q2 24
$1.9B
$1.1B
Total Assets
LBRT
LBRT
RES
RES
Q1 26
$4.4B
Q4 25
$3.6B
$1.5B
Q3 25
$3.5B
$1.5B
Q2 25
$3.4B
$1.5B
Q1 25
$3.4B
$1.3B
Q4 24
$3.3B
$1.4B
Q3 24
$3.3B
$1.3B
Q2 24
$3.2B
$1.3B
Debt / Equity
LBRT
LBRT
RES
RES
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
RES
RES
Operating Cash FlowLast quarter
$61.9M
Free Cash FlowOCF − Capex
$31.2M
FCF MarginFCF / Revenue
7.3%
Capex IntensityCapex / Revenue
13.1%
7.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$52.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LBRT
LBRT
RES
RES
Q1 26
Q4 25
$195.4M
$61.9M
Q3 25
$51.5M
$46.5M
Q2 25
$170.6M
$53.1M
Q1 25
$192.1M
$39.9M
Q4 24
$177.3M
$94.2M
Q3 24
$244.5M
$70.7M
Q2 24
$248.2M
$127.9M
Free Cash Flow
LBRT
LBRT
RES
RES
Q1 26
Q4 25
$-10.0M
$31.2M
Q3 25
$-67.2M
$4.1M
Q2 25
$33.1M
$10.0M
Q1 25
$58.2M
$7.6M
Q4 24
$-26.2M
$53.7M
Q3 24
$77.9M
$19.1M
Q2 24
$112.2M
$52.9M
FCF Margin
LBRT
LBRT
RES
RES
Q1 26
Q4 25
-1.0%
7.3%
Q3 25
-7.1%
0.9%
Q2 25
3.2%
2.4%
Q1 25
6.0%
2.3%
Q4 24
-2.8%
16.0%
Q3 24
6.8%
5.6%
Q2 24
9.7%
14.5%
Capex Intensity
LBRT
LBRT
RES
RES
Q1 26
13.1%
Q4 25
19.8%
7.2%
Q3 25
12.5%
9.5%
Q2 25
13.2%
10.2%
Q1 25
13.7%
9.7%
Q4 24
21.6%
12.1%
Q3 24
14.6%
15.3%
Q2 24
11.7%
20.6%
Cash Conversion
LBRT
LBRT
RES
RES
Q1 26
Q4 25
14.28×
Q3 25
1.20×
3.59×
Q2 25
2.40×
5.23×
Q1 25
9.55×
3.31×
Q4 24
3.42×
7.38×
Q3 24
3.31×
3.76×
Q2 24
2.29×
3.95×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LBRT
LBRT

Segment breakdown not available.

RES
RES

Technical Service$405.2M95%
Other$8.8M2%
Nitrogen$6.6M2%

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