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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and Sally Beauty Holdings, Inc. (SBH). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $943.2M, roughly 1.1× Sally Beauty Holdings, Inc.). Sally Beauty Holdings, Inc. runs the higher net margin — 4.8% vs 2.2%, a 2.6% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs 0.6%). Over the past eight quarters, Sally Beauty Holdings, Inc.'s revenue compounded faster (1.9% 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.
Sally Beauty Holdings, Inc. is an American international specialty retailer and distributor of professional beauty supplies with revenues of more than $3.9 billion annually.
LBRT vs SBH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $943.2M |
| Net Profit | $22.6M | $45.6M |
| Gross Margin | — | 51.2% |
| Operating Margin | 2.2% | 8.1% |
| Net Margin | 2.2% | 4.8% |
| Revenue YoY | 4.5% | 0.6% |
| Net Profit YoY | — | -25.3% |
| EPS (diluted) | $0.14 | $0.45 |
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 | $943.2M | ||
| Q3 25 | $947.4M | $947.1M | ||
| Q2 25 | $1.0B | $933.3M | ||
| Q1 25 | $977.5M | $883.1M | ||
| Q4 24 | $943.6M | $937.9M | ||
| Q3 24 | $1.1B | $935.0M | ||
| Q2 24 | $1.2B | $942.3M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $45.6M | ||
| Q3 25 | $43.1M | $49.9M | ||
| Q2 25 | $71.0M | $45.7M | ||
| Q1 25 | $20.1M | $39.2M | ||
| Q4 24 | $51.9M | $61.0M | ||
| Q3 24 | $73.8M | $48.1M | ||
| Q2 24 | $108.4M | $37.7M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 51.2% | ||
| Q3 25 | 18.7% | 52.2% | ||
| Q2 25 | 22.1% | 51.5% | ||
| Q1 25 | 22.1% | 52.0% | ||
| Q4 24 | 21.4% | 50.8% | ||
| Q3 24 | 26.2% | 51.2% | ||
| Q2 24 | 27.9% | 51.0% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 8.1% | ||
| Q3 25 | -0.3% | 8.4% | ||
| Q2 25 | 3.6% | 8.4% | ||
| Q1 25 | 1.9% | 7.9% | ||
| Q4 24 | 2.6% | 10.7% | ||
| Q3 24 | 9.4% | 8.8% | ||
| Q2 24 | 12.2% | 7.6% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 4.8% | ||
| Q3 25 | 4.5% | 5.3% | ||
| Q2 25 | 6.8% | 4.9% | ||
| Q1 25 | 2.1% | 4.4% | ||
| Q4 24 | 5.5% | 6.5% | ||
| Q3 24 | 6.5% | 5.1% | ||
| Q2 24 | 9.3% | 4.0% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $0.45 | ||
| Q3 25 | $0.26 | $0.49 | ||
| Q2 25 | $0.43 | $0.44 | ||
| Q1 25 | $0.12 | $0.38 | ||
| Q4 24 | $0.31 | $0.58 | ||
| Q3 24 | $0.44 | $0.45 | ||
| Q2 24 | $0.64 | $0.36 |
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 | $157.2M |
| Total DebtLower is stronger | $7.1M | $842.5M |
| Stockholders' EquityBook value | $1.9B | $823.6M |
| Total Assets | $4.4B | $2.9B |
| Debt / EquityLower = less leverage | 0.00× | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $157.2M | ||
| Q3 25 | $13.5M | $149.2M | ||
| Q2 25 | $19.6M | $112.8M | ||
| Q1 25 | $24.1M | $92.2M | ||
| Q4 24 | $20.0M | $105.5M | ||
| Q3 24 | $23.0M | $108.0M | ||
| Q2 24 | $30.0M | $97.4M |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $842.5M | ||
| Q3 25 | — | $862.0M | ||
| Q2 25 | — | $882.4M | ||
| Q1 25 | — | $902.8M | ||
| Q4 24 | $190.5M | $938.1M | ||
| Q3 24 | — | $978.3M | ||
| Q2 24 | — | $978.9M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $823.6M | ||
| Q3 25 | $2.1B | $794.2M | ||
| Q2 25 | $2.0B | $762.9M | ||
| Q1 25 | $2.0B | $699.8M | ||
| Q4 24 | $2.0B | $656.5M | ||
| Q3 24 | $2.0B | $628.5M | ||
| Q2 24 | $1.9B | $577.7M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $2.9B | ||
| Q3 25 | $3.5B | $2.9B | ||
| Q2 25 | $3.4B | $2.7B | ||
| Q1 25 | $3.4B | $2.7B | ||
| Q4 24 | $3.3B | $2.7B | ||
| Q3 24 | $3.3B | $2.8B | ||
| Q2 24 | $3.2B | $2.7B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 1.02× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | 0.10× | 1.43× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | — | 1.69× |
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 | — | $93.2M |
| Free Cash FlowOCF − Capex | — | $57.5M |
| FCF MarginFCF / Revenue | — | 6.1% |
| Capex IntensityCapex / Revenue | 13.1% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 2.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | $216.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $93.2M | ||
| Q3 25 | $51.5M | $120.9M | ||
| Q2 25 | $170.6M | $69.4M | ||
| Q1 25 | $192.1M | $51.1M | ||
| Q4 24 | $177.3M | $33.5M | ||
| Q3 24 | $244.5M | $110.7M | ||
| Q2 24 | $248.2M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $57.5M | ||
| Q3 25 | $-67.2M | $78.0M | ||
| Q2 25 | $33.1M | $49.1M | ||
| Q1 25 | $58.2M | $32.2M | ||
| Q4 24 | $-26.2M | $13.4M | ||
| Q3 24 | $77.9M | $73.3M | ||
| Q2 24 | $112.2M | $28.7M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 6.1% | ||
| Q3 25 | -7.1% | 8.2% | ||
| Q2 25 | 3.2% | 5.3% | ||
| Q1 25 | 6.0% | 3.6% | ||
| Q4 24 | -2.8% | 1.4% | ||
| Q3 24 | 6.8% | 7.8% | ||
| Q2 24 | 9.7% | 3.1% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 3.8% | ||
| Q3 25 | 12.5% | 4.5% | ||
| Q2 25 | 13.2% | 2.2% | ||
| Q1 25 | 13.7% | 2.1% | ||
| Q4 24 | 21.6% | 2.1% | ||
| Q3 24 | 14.6% | 4.0% | ||
| Q2 24 | 11.7% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 2.05× | ||
| Q3 25 | 1.20× | 2.42× | ||
| Q2 25 | 2.40× | 1.52× | ||
| Q1 25 | 9.55× | 1.30× | ||
| Q4 24 | 3.42× | 0.55× | ||
| Q3 24 | 3.31× | 2.30× | ||
| Q2 24 | 2.29× | 1.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
