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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.0B, roughly 1.4× Liberty Energy Inc.). SEALED AIR CORP runs the higher net margin — 3.1% vs 2.2%, a 0.9% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs 2.6%). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% 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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
LBRT vs SEE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.4B |
| Net Profit | $22.6M | $43.8M |
| Gross Margin | — | 28.6% |
| Operating Margin | 2.2% | 11.4% |
| Net Margin | 2.2% | 3.1% |
| Revenue YoY | 4.5% | 2.6% |
| Net Profit YoY | 64.8% | 700.0% |
| EPS (diluted) | $0.14 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $947.4M | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $977.5M | $1.3B | ||
| Q4 24 | $943.6M | $1.4B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.2B | $1.3B |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $43.8M | ||
| Q3 25 | $43.1M | $255.1M | ||
| Q2 25 | $71.0M | $93.1M | ||
| Q1 25 | $20.1M | $113.5M | ||
| Q4 24 | $51.9M | $-7.3M | ||
| Q3 24 | $73.8M | $91.7M | ||
| Q2 24 | $108.4M | $98.3M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 28.6% | ||
| Q3 25 | 18.7% | 29.8% | ||
| Q2 25 | 22.1% | 30.7% | ||
| Q1 25 | 22.1% | 30.9% | ||
| Q4 24 | 21.4% | 30.0% | ||
| Q3 24 | 26.2% | 30.1% | ||
| Q2 24 | 27.9% | 31.2% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 11.4% | ||
| Q3 25 | -0.3% | 13.8% | ||
| Q2 25 | 3.6% | 15.0% | ||
| Q1 25 | 1.9% | 14.5% | ||
| Q4 24 | 2.6% | 11.7% | ||
| Q3 24 | 9.4% | 13.9% | ||
| Q2 24 | 12.2% | 15.4% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 3.1% | ||
| Q3 25 | 4.5% | 19.0% | ||
| Q2 25 | 6.8% | 7.0% | ||
| Q1 25 | 2.1% | 9.0% | ||
| Q4 24 | 5.5% | -0.5% | ||
| Q3 24 | 6.5% | 6.9% | ||
| Q2 24 | 9.3% | 7.4% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $0.30 | ||
| Q3 25 | $0.26 | $1.73 | ||
| Q2 25 | $0.43 | $0.63 | ||
| Q1 25 | $0.12 | $0.77 | ||
| Q4 24 | $0.31 | $-0.05 | ||
| Q3 24 | $0.44 | $0.63 | ||
| Q2 24 | $0.64 | $0.67 |
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 | $344.0M |
| Total DebtLower is stronger | $7.1M | $3.3B |
| Stockholders' EquityBook value | $1.9B | $1.2B |
| Total Assets | $4.4B | $7.0B |
| Debt / EquityLower = less leverage | 0.00× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $344.0M | ||
| Q3 25 | $13.5M | $282.5M | ||
| Q2 25 | $19.6M | $354.4M | ||
| Q1 25 | $24.1M | $335.2M | ||
| Q4 24 | $20.0M | $371.8M | ||
| Q3 24 | $23.0M | $386.0M | ||
| Q2 24 | $30.0M | $388.6M |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $190.5M | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $2.0B | $953.1M | ||
| Q1 25 | $2.0B | $797.9M | ||
| Q4 24 | $2.0B | $624.5M | ||
| Q3 24 | $2.0B | $771.2M | ||
| Q2 24 | $1.9B | $650.1M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $7.0B | ||
| Q3 25 | $3.5B | $7.1B | ||
| Q2 25 | $3.4B | $7.2B | ||
| Q1 25 | $3.4B | $7.0B | ||
| Q4 24 | $3.3B | $7.0B | ||
| Q3 24 | $3.3B | $7.3B | ||
| Q2 24 | $3.2B | $7.3B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | 0.10× | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× |
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 | — | $293.6M |
| Free Cash FlowOCF − Capex | — | $257.7M |
| FCF MarginFCF / Revenue | — | 18.5% |
| Capex IntensityCapex / Revenue | 13.1% | 2.6% |
| Cash ConversionOCF / Net Profit | — | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $293.6M | ||
| Q3 25 | $51.5M | $165.9M | ||
| Q2 25 | $170.6M | $136.6M | ||
| Q1 25 | $192.1M | $31.9M | ||
| Q4 24 | $177.3M | $244.2M | ||
| Q3 24 | $244.5M | $170.5M | ||
| Q2 24 | $248.2M | $188.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $257.7M | ||
| Q3 25 | $-67.2M | $119.6M | ||
| Q2 25 | $33.1M | $93.2M | ||
| Q1 25 | $58.2M | $-12.0M | ||
| Q4 24 | $-26.2M | $185.1M | ||
| Q3 24 | $77.9M | $115.2M | ||
| Q2 24 | $112.2M | $129.5M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 18.5% | ||
| Q3 25 | -7.1% | 8.9% | ||
| Q2 25 | 3.2% | 7.0% | ||
| Q1 25 | 6.0% | -0.9% | ||
| Q4 24 | -2.8% | 13.6% | ||
| Q3 24 | 6.8% | 8.6% | ||
| Q2 24 | 9.7% | 9.7% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 2.6% | ||
| Q3 25 | 12.5% | 3.4% | ||
| Q2 25 | 13.2% | 3.3% | ||
| Q1 25 | 13.7% | 3.5% | ||
| Q4 24 | 21.6% | 4.4% | ||
| Q3 24 | 14.6% | 4.1% | ||
| Q2 24 | 11.7% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 6.70× | ||
| Q3 25 | 1.20× | 0.65× | ||
| Q2 25 | 2.40× | 1.47× | ||
| Q1 25 | 9.55× | 0.28× | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 3.31× | 1.86× | ||
| Q2 24 | 2.29× | 1.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
