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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and Snap-on (SNA). Click either name above to swap in a different company.
Snap-on is the larger business by last-quarter revenue ($1.2B vs $1.0B, roughly 1.2× Liberty Energy Inc.). Snap-on runs the higher net margin — 21.3% vs 2.2%, a 19.1% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs 2.7%). Over the past eight quarters, Snap-on's revenue compounded faster (2.0% 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.
Snap-on Incorporated is an American designer, manufacturer, and marketer of high-end tools and equipment for professional use in the transportation industry, including the automotive, heavy duty, equipment, marine, aviation, and railroad industries. Headquartered in Kenosha, Wisconsin, since 1930, Snap-on also distributes lower-end tools under the brand name Blue-Point. Their primary competitors include Matco, Mac Tools, and Cornwell Tools.
LBRT vs SNA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.2B |
| Net Profit | $22.6M | $260.7M |
| Gross Margin | — | — |
| Operating Margin | 2.2% | 27.8% |
| Net Margin | 2.2% | 21.3% |
| Revenue YoY | 4.5% | 2.7% |
| Net Profit YoY | — | 1.0% |
| EPS (diluted) | $0.14 | $4.94 |
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 | $1.2B | ||
| Q3 25 | $947.4M | $1.2B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $977.5M | $1.1B | ||
| Q4 24 | $943.6M | $1.2B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.2B | $1.2B |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $260.7M | ||
| Q3 25 | $43.1M | $265.4M | ||
| Q2 25 | $71.0M | $250.3M | ||
| Q1 25 | $20.1M | $240.5M | ||
| Q4 24 | $51.9M | $258.1M | ||
| Q3 24 | $73.8M | $251.1M | ||
| Q2 24 | $108.4M | $271.2M |
| 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% | 27.8% | ||
| Q3 25 | -0.3% | 29.4% | ||
| Q2 25 | 3.6% | 28.0% | ||
| Q1 25 | 1.9% | 27.7% | ||
| Q4 24 | 2.6% | 27.9% | ||
| Q3 24 | 9.4% | 28.4% | ||
| Q2 24 | 12.2% | 29.9% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 21.3% | ||
| Q3 25 | 4.5% | 22.5% | ||
| Q2 25 | 6.8% | 21.4% | ||
| Q1 25 | 2.1% | 21.2% | ||
| Q4 24 | 5.5% | 21.7% | ||
| Q3 24 | 6.5% | 22.0% | ||
| Q2 24 | 9.3% | 23.1% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $4.94 | ||
| Q3 25 | $0.26 | $5.02 | ||
| Q2 25 | $0.43 | $4.72 | ||
| Q1 25 | $0.12 | $4.51 | ||
| Q4 24 | $0.31 | $4.83 | ||
| Q3 24 | $0.44 | $4.70 | ||
| Q2 24 | $0.64 | $5.07 |
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 | — |
| Total DebtLower is stronger | $7.1M | — |
| Stockholders' EquityBook value | $1.9B | — |
| Total Assets | $4.4B | — |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | — | ||
| Q3 25 | $13.5M | $1.5B | ||
| Q2 25 | $19.6M | $1.5B | ||
| Q1 25 | $24.1M | $1.4B | ||
| Q4 24 | $20.0M | $1.4B | ||
| Q3 24 | $23.0M | $1.3B | ||
| Q2 24 | $30.0M | $1.2B |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | — | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | $190.5M | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $2.0B | $5.7B | ||
| Q1 25 | $2.0B | $5.5B | ||
| Q4 24 | $2.0B | $5.4B | ||
| Q3 24 | $2.0B | $5.5B | ||
| Q2 24 | $1.9B | $5.3B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.5B | $8.4B | ||
| Q2 25 | $3.4B | $8.2B | ||
| Q1 25 | $3.4B | $8.1B | ||
| Q4 24 | $3.3B | $7.9B | ||
| Q3 24 | $3.3B | $8.0B | ||
| Q2 24 | $3.2B | $7.8B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | — | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | 0.22× | ||
| Q3 24 | — | — | ||
| 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 | — | $268.1M |
| Free Cash FlowOCF − Capex | — | $254.6M |
| FCF MarginFCF / Revenue | — | 20.8% |
| Capex IntensityCapex / Revenue | 13.1% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 1.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $268.1M | ||
| Q3 25 | $51.5M | $277.9M | ||
| Q2 25 | $170.6M | $237.2M | ||
| Q1 25 | $192.1M | $298.5M | ||
| Q4 24 | $177.3M | $293.5M | ||
| Q3 24 | $244.5M | $274.2M | ||
| Q2 24 | $248.2M | $301.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $254.6M | ||
| Q3 25 | $-67.2M | $258.0M | ||
| Q2 25 | $33.1M | $217.5M | ||
| Q1 25 | $58.2M | $275.6M | ||
| Q4 24 | $-26.2M | $275.4M | ||
| Q3 24 | $77.9M | $253.8M | ||
| Q2 24 | $112.2M | $277.9M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 20.8% | ||
| Q3 25 | -7.1% | 21.8% | ||
| Q2 25 | 3.2% | 18.6% | ||
| Q1 25 | 6.0% | 24.3% | ||
| Q4 24 | -2.8% | 23.1% | ||
| Q3 24 | 6.8% | 22.3% | ||
| Q2 24 | 9.7% | 23.7% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 1.1% | ||
| Q3 25 | 12.5% | 1.7% | ||
| Q2 25 | 13.2% | 1.7% | ||
| Q1 25 | 13.7% | 2.0% | ||
| Q4 24 | 21.6% | 1.5% | ||
| Q3 24 | 14.6% | 1.8% | ||
| Q2 24 | 11.7% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 1.03× | ||
| Q3 25 | 1.20× | 1.05× | ||
| Q2 25 | 2.40× | 0.95× | ||
| Q1 25 | 9.55× | 1.24× | ||
| Q4 24 | 3.42× | 1.14× | ||
| Q3 24 | 3.31× | 1.09× | ||
| Q2 24 | 2.29× | 1.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
