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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $809.5M, roughly 1.3× Construction Partners, Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs 2.1%, a 0.1% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 4.5%). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% 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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
LBRT vs ROAD — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $809.5M |
| Net Profit | $22.6M | $17.2M |
| Gross Margin | — | 15.0% |
| Operating Margin | 2.2% | 6.2% |
| Net Margin | 2.2% | 2.1% |
| Revenue YoY | 4.5% | 44.1% |
| Net Profit YoY | 64.8% | 663.9% |
| EPS (diluted) | $0.14 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $947.4M | $899.8M | ||
| Q2 25 | $1.0B | $779.3M | ||
| Q1 25 | $977.5M | $571.6M | ||
| Q4 24 | $943.6M | $561.6M | ||
| Q3 24 | $1.1B | $538.2M | ||
| Q2 24 | $1.2B | $517.8M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $17.2M | ||
| Q3 25 | $43.1M | $56.6M | ||
| Q2 25 | $71.0M | $44.0M | ||
| Q1 25 | $20.1M | $4.2M | ||
| Q4 24 | $51.9M | $-3.1M | ||
| Q3 24 | $73.8M | $29.3M | ||
| Q2 24 | $108.4M | $30.9M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 15.0% | ||
| Q3 25 | 18.7% | 17.7% | ||
| Q2 25 | 22.1% | 16.9% | ||
| Q1 25 | 22.1% | 12.5% | ||
| Q4 24 | 21.4% | 13.6% | ||
| Q3 24 | 26.2% | 15.6% | ||
| Q2 24 | 27.9% | 16.1% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 6.2% | ||
| Q3 25 | -0.3% | 11.2% | ||
| Q2 25 | 3.6% | 10.6% | ||
| Q1 25 | 1.9% | 4.8% | ||
| Q4 24 | 2.6% | 2.5% | ||
| Q3 24 | 9.4% | 8.5% | ||
| Q2 24 | 12.2% | 8.8% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 2.1% | ||
| Q3 25 | 4.5% | 6.3% | ||
| Q2 25 | 6.8% | 5.7% | ||
| Q1 25 | 2.1% | 0.7% | ||
| Q4 24 | 5.5% | -0.5% | ||
| Q3 24 | 6.5% | 5.4% | ||
| Q2 24 | 9.3% | 6.0% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $0.31 | ||
| Q3 25 | $0.26 | $1.03 | ||
| Q2 25 | $0.43 | $0.79 | ||
| Q1 25 | $0.12 | $0.08 | ||
| Q4 24 | $0.31 | $-0.06 | ||
| Q3 24 | $0.44 | $0.55 | ||
| Q2 24 | $0.64 | $0.59 |
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 | $104.1M |
| Total DebtLower is stronger | $7.1M | — |
| Stockholders' EquityBook value | $1.9B | $969.1M |
| Total Assets | $4.4B | $3.4B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $104.1M | ||
| Q3 25 | $13.5M | $156.1M | ||
| Q2 25 | $19.6M | $114.3M | ||
| Q1 25 | $24.1M | $101.9M | ||
| Q4 24 | $20.0M | $132.5M | ||
| Q3 24 | $23.0M | $74.7M | ||
| Q2 24 | $30.0M | $56.3M |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $190.5M | — | ||
| Q3 24 | — | $515.0M | ||
| Q2 24 | — | — |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $969.1M | ||
| Q3 25 | $2.1B | $912.0M | ||
| Q2 25 | $2.0B | $853.3M | ||
| Q1 25 | $2.0B | $807.9M | ||
| Q4 24 | $2.0B | $811.1M | ||
| Q3 24 | $2.0B | $573.7M | ||
| Q2 24 | $1.9B | $552.9M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $3.4B | ||
| Q3 25 | $3.5B | $3.2B | ||
| Q2 25 | $3.4B | $2.9B | ||
| Q1 25 | $3.4B | $2.8B | ||
| Q4 24 | $3.3B | $2.6B | ||
| Q3 24 | $3.3B | $1.5B | ||
| Q2 24 | $3.2B | $1.4B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | — | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | 0.90× | ||
| 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 | — | $82.6M |
| Free Cash FlowOCF − Capex | — | $47.1M |
| FCF MarginFCF / Revenue | — | 5.8% |
| Capex IntensityCapex / Revenue | 13.1% | 4.4% |
| Cash ConversionOCF / Net Profit | — | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $82.6M | ||
| Q3 25 | $51.5M | $112.0M | ||
| Q2 25 | $170.6M | $83.0M | ||
| Q1 25 | $192.1M | $55.6M | ||
| Q4 24 | $177.3M | $40.7M | ||
| Q3 24 | $244.5M | $95.9M | ||
| Q2 24 | $248.2M | $34.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $47.1M | ||
| Q3 25 | $-67.2M | $78.9M | ||
| Q2 25 | $33.1M | $46.4M | ||
| Q1 25 | $58.2M | $14.2M | ||
| Q4 24 | $-26.2M | $13.8M | ||
| Q3 24 | $77.9M | $78.4M | ||
| Q2 24 | $112.2M | $19.7M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 5.8% | ||
| Q3 25 | -7.1% | 8.8% | ||
| Q2 25 | 3.2% | 5.9% | ||
| Q1 25 | 6.0% | 2.5% | ||
| Q4 24 | -2.8% | 2.5% | ||
| Q3 24 | 6.8% | 14.6% | ||
| Q2 24 | 9.7% | 3.8% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 4.4% | ||
| Q3 25 | 12.5% | 3.7% | ||
| Q2 25 | 13.2% | 4.7% | ||
| Q1 25 | 13.7% | 7.2% | ||
| Q4 24 | 21.6% | 4.8% | ||
| Q3 24 | 14.6% | 3.3% | ||
| Q2 24 | 11.7% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 4.80× | ||
| Q3 25 | 1.20× | 1.98× | ||
| Q2 25 | 2.40× | 1.88× | ||
| Q1 25 | 9.55× | 13.20× | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 3.31× | 3.27× | ||
| Q2 24 | 2.29× | 1.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
