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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.0B, roughly 1.4× Liberty Energy Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs -3.1%, a 5.3% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs -11.9%). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
LBRT vs RXO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.5B |
| Net Profit | $22.6M | $-46.0M |
| Gross Margin | — | — |
| Operating Margin | 2.2% | -2.9% |
| Net Margin | 2.2% | -3.1% |
| Revenue YoY | 4.5% | -11.9% |
| Net Profit YoY | — | -84.0% |
| EPS (diluted) | $0.14 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $947.4M | $1.4B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $977.5M | $1.4B | ||
| Q4 24 | $943.6M | $1.7B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.2B | $930.0M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $-46.0M | ||
| Q3 25 | $43.1M | $-14.0M | ||
| Q2 25 | $71.0M | $-9.0M | ||
| Q1 25 | $20.1M | $-31.0M | ||
| Q4 24 | $51.9M | $-25.0M | ||
| Q3 24 | $73.8M | $-243.0M | ||
| Q2 24 | $108.4M | $-7.0M |
| 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% | — |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | -2.9% | ||
| Q3 25 | -0.3% | -0.5% | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 1.9% | -2.1% | ||
| Q4 24 | 2.6% | -1.4% | ||
| Q3 24 | 9.4% | -1.9% | ||
| Q2 24 | 12.2% | — |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | -3.1% | ||
| Q3 25 | 4.5% | -1.0% | ||
| Q2 25 | 6.8% | -0.6% | ||
| Q1 25 | 2.1% | -2.2% | ||
| Q4 24 | 5.5% | -1.5% | ||
| Q3 24 | 6.5% | -23.4% | ||
| Q2 24 | 9.3% | -0.8% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $-0.28 | ||
| Q3 25 | $0.26 | $-0.08 | ||
| Q2 25 | $0.43 | $-0.05 | ||
| Q1 25 | $0.12 | $-0.18 | ||
| Q4 24 | $0.31 | $-0.17 | ||
| Q3 24 | $0.44 | $-1.81 | ||
| Q2 24 | $0.64 | $-0.06 |
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 | $17.0M |
| Total DebtLower is stronger | $7.1M | $387.0M |
| Stockholders' EquityBook value | $1.9B | $1.5B |
| Total Assets | $4.4B | $3.3B |
| Debt / EquityLower = less leverage | 0.00× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $17.0M | ||
| Q3 25 | $13.5M | $25.0M | ||
| Q2 25 | $19.6M | $18.0M | ||
| Q1 25 | $24.1M | $16.0M | ||
| Q4 24 | $20.0M | $35.0M | ||
| Q3 24 | $23.0M | $55.0M | ||
| Q2 24 | $30.0M | $7.0M |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | $190.5M | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $2.0B | $1.6B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | $2.0B | $1.6B | ||
| Q3 24 | $2.0B | $1.7B | ||
| Q2 24 | $1.9B | $579.0M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $3.3B | ||
| Q3 25 | $3.5B | $3.2B | ||
| Q2 25 | $3.4B | $3.2B | ||
| Q1 25 | $3.4B | $3.3B | ||
| Q4 24 | $3.3B | $3.4B | ||
| Q3 24 | $3.3B | $3.4B | ||
| Q2 24 | $3.2B | $1.8B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 0.10× | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× |
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 | — | $7.0M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -0.6% |
| Capex IntensityCapex / Revenue | 13.1% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $7.0M | ||
| Q3 25 | $51.5M | $23.0M | ||
| Q2 25 | $170.6M | $23.0M | ||
| Q1 25 | $192.1M | $-2.0M | ||
| Q4 24 | $177.3M | $-7.0M | ||
| Q3 24 | $244.5M | $-7.0M | ||
| Q2 24 | $248.2M | $-5.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $-9.0M | ||
| Q3 25 | $-67.2M | $9.0M | ||
| Q2 25 | $33.1M | $9.0M | ||
| Q1 25 | $58.2M | $-17.0M | ||
| Q4 24 | $-26.2M | $-19.0M | ||
| Q3 24 | $77.9M | $-18.0M | ||
| Q2 24 | $112.2M | $-16.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | -0.6% | ||
| Q3 25 | -7.1% | 0.6% | ||
| Q2 25 | 3.2% | 0.6% | ||
| Q1 25 | 6.0% | -1.2% | ||
| Q4 24 | -2.8% | -1.1% | ||
| Q3 24 | 6.8% | -1.7% | ||
| Q2 24 | 9.7% | -1.7% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 1.1% | ||
| Q3 25 | 12.5% | 1.0% | ||
| Q2 25 | 13.2% | 1.0% | ||
| Q1 25 | 13.7% | 1.0% | ||
| Q4 24 | 21.6% | 0.7% | ||
| Q3 24 | 14.6% | 1.1% | ||
| Q2 24 | 11.7% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 2.40× | — | ||
| Q1 25 | 9.55× | — | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 3.31× | — | ||
| Q2 24 | 2.29× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
