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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $836.0M, roughly 1.2× Sinclair, Inc.). Sinclair, Inc. runs the higher net margin — 13.0% vs 2.2%, a 10.8% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs -16.7%). Over the past eight quarters, Sinclair, Inc.'s revenue compounded faster (2.4% 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.
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...
LBRT vs SBGI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $836.0M |
| Net Profit | $22.6M | $109.0M |
| Gross Margin | — | — |
| Operating Margin | 2.2% | 9.6% |
| Net Margin | 2.2% | 13.0% |
| Revenue YoY | 4.5% | -16.7% |
| Net Profit YoY | 64.8% | -38.1% |
| EPS (diluted) | $0.14 | $1.62 |
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 | $836.0M | ||
| Q3 25 | $947.4M | $773.0M | ||
| Q2 25 | $1.0B | $784.0M | ||
| Q1 25 | $977.5M | $776.0M | ||
| Q4 24 | $943.6M | $1.0B | ||
| Q3 24 | $1.1B | $917.0M | ||
| Q2 24 | $1.2B | $829.0M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $109.0M | ||
| Q3 25 | $43.1M | $-1.0M | ||
| Q2 25 | $71.0M | $-64.0M | ||
| Q1 25 | $20.1M | $-156.0M | ||
| Q4 24 | $51.9M | $176.0M | ||
| Q3 24 | $73.8M | $94.0M | ||
| Q2 24 | $108.4M | $17.0M |
| 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% | 9.6% | ||
| Q3 25 | -0.3% | 7.5% | ||
| Q2 25 | 3.6% | 2.7% | ||
| Q1 25 | 1.9% | 1.8% | ||
| Q4 24 | 2.6% | 26.5% | ||
| Q3 24 | 9.4% | 19.5% | ||
| Q2 24 | 12.2% | 7.7% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 13.0% | ||
| Q3 25 | 4.5% | -0.1% | ||
| Q2 25 | 6.8% | -8.2% | ||
| Q1 25 | 2.1% | -20.1% | ||
| Q4 24 | 5.5% | 17.5% | ||
| Q3 24 | 6.5% | 10.3% | ||
| Q2 24 | 9.3% | 2.1% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $1.62 | ||
| Q3 25 | $0.26 | $-0.02 | ||
| Q2 25 | $0.43 | $-0.91 | ||
| Q1 25 | $0.12 | $-2.30 | ||
| Q4 24 | $0.31 | $2.64 | ||
| Q3 24 | $0.44 | $1.43 | ||
| Q2 24 | $0.64 | $0.27 |
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 | $866.0M |
| Total DebtLower is stronger | $7.1M | $4.4B |
| Stockholders' EquityBook value | $1.9B | $443.0M |
| Total Assets | $4.4B | $5.9B |
| Debt / EquityLower = less leverage | 0.00× | 9.84× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $866.0M | ||
| Q3 25 | $13.5M | $526.0M | ||
| Q2 25 | $19.6M | $616.0M | ||
| Q1 25 | $24.1M | $631.0M | ||
| Q4 24 | $20.0M | $697.0M | ||
| Q3 24 | $23.0M | $536.0M | ||
| Q2 24 | $30.0M | $378.0M |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $4.4B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $190.5M | $4.1B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $443.0M | ||
| Q3 25 | $2.1B | $347.0M | ||
| Q2 25 | $2.0B | $361.0M | ||
| Q1 25 | $2.0B | $436.0M | ||
| Q4 24 | $2.0B | $583.0M | ||
| Q3 24 | $2.0B | $415.0M | ||
| Q2 24 | $1.9B | $340.0M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $5.9B | ||
| Q3 25 | $3.5B | $5.6B | ||
| Q2 25 | $3.4B | $5.7B | ||
| Q1 25 | $3.4B | $5.8B | ||
| Q4 24 | $3.3B | $5.9B | ||
| Q3 24 | $3.3B | $5.8B | ||
| Q2 24 | $3.2B | $5.7B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 9.84× | ||
| Q3 25 | — | 11.75× | ||
| Q2 25 | — | 11.30× | ||
| Q1 25 | — | 9.56× | ||
| Q4 24 | 0.10× | 7.02× | ||
| Q3 24 | — | 9.86× | ||
| Q2 24 | — | 12.08× |
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 | — | $98.0M |
| Free Cash FlowOCF − Capex | — | $79.0M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | 13.1% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 0.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $115.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $98.0M | ||
| Q3 25 | $51.5M | $-36.0M | ||
| Q2 25 | $170.6M | $122.0M | ||
| Q1 25 | $192.1M | $5.0M | ||
| Q4 24 | $177.3M | $198.0M | ||
| Q3 24 | $244.5M | $210.0M | ||
| Q2 24 | $248.2M | $-306.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $79.0M | ||
| Q3 25 | $-67.2M | $-58.0M | ||
| Q2 25 | $33.1M | $105.0M | ||
| Q1 25 | $58.2M | $-11.0M | ||
| Q4 24 | $-26.2M | $175.0M | ||
| Q3 24 | $77.9M | $193.0M | ||
| Q2 24 | $112.2M | $-329.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 9.4% | ||
| Q3 25 | -7.1% | -7.5% | ||
| Q2 25 | 3.2% | 13.4% | ||
| Q1 25 | 6.0% | -1.4% | ||
| Q4 24 | -2.8% | 17.4% | ||
| Q3 24 | 6.8% | 21.0% | ||
| Q2 24 | 9.7% | -39.7% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 2.3% | ||
| Q3 25 | 12.5% | 2.8% | ||
| Q2 25 | 13.2% | 2.2% | ||
| Q1 25 | 13.7% | 2.1% | ||
| Q4 24 | 21.6% | 2.3% | ||
| Q3 24 | 14.6% | 1.9% | ||
| Q2 24 | 11.7% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 0.90× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 2.40× | — | ||
| Q1 25 | 9.55× | — | ||
| Q4 24 | 3.42× | 1.13× | ||
| Q3 24 | 3.31× | 2.23× | ||
| Q2 24 | 2.29× | -18.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
SBGI
| Distribution Revenue | $384.0M | 46% |
| Core Advertising Revenue | $312.0M | 37% |
| Tennis Segment | $62.0M | 7% |
| Other | $40.0M | 5% |
| Other Media Non Media Revenuesand Intercompany Revenues | $24.0M | 3% |
| Political Advertising Revenue | $14.0M | 2% |
