vs
Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.
Snowflake Inc. is the larger business by last-quarter revenue ($1.2B vs $1.0B, roughly 1.2× Liberty Energy Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs -24.2%, a 26.4% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs 4.5%). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% 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.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
LBRT vs SNOW — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.2B |
| Net Profit | $22.6M | $-294.0M |
| Gross Margin | — | 67.8% |
| Operating Margin | 2.2% | -27.2% |
| Net Margin | 2.2% | -24.2% |
| Revenue YoY | 4.5% | 28.7% |
| Net Profit YoY | — | 9.4% |
| EPS (diluted) | $0.14 | $-0.87 |
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 | $1.1B | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $977.5M | $986.8M | ||
| Q4 24 | $943.6M | $942.1M | ||
| Q3 24 | $1.1B | $868.8M | ||
| Q2 24 | $1.2B | $828.7M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $-294.0M | ||
| Q3 25 | $43.1M | $-298.0M | ||
| Q2 25 | $71.0M | $-430.1M | ||
| Q1 25 | $20.1M | $-327.5M | ||
| Q4 24 | $51.9M | $-324.3M | ||
| Q3 24 | $73.8M | $-316.9M | ||
| Q2 24 | $108.4M | $-317.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 67.8% | ||
| Q3 25 | 18.7% | 67.5% | ||
| Q2 25 | 22.1% | 66.5% | ||
| Q1 25 | 22.1% | 66.2% | ||
| Q4 24 | 21.4% | 65.9% | ||
| Q3 24 | 26.2% | 66.8% | ||
| Q2 24 | 27.9% | 67.1% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | -27.2% | ||
| Q3 25 | -0.3% | -29.7% | ||
| Q2 25 | 3.6% | -42.9% | ||
| Q1 25 | 1.9% | -39.2% | ||
| Q4 24 | 2.6% | -38.8% | ||
| Q3 24 | 9.4% | -40.9% | ||
| Q2 24 | 12.2% | -42.1% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | -24.2% | ||
| Q3 25 | 4.5% | -26.0% | ||
| Q2 25 | 6.8% | -41.3% | ||
| Q1 25 | 2.1% | -33.2% | ||
| Q4 24 | 5.5% | -34.4% | ||
| Q3 24 | 6.5% | -36.5% | ||
| Q2 24 | 9.3% | -38.3% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $-0.87 | ||
| Q3 25 | $0.26 | $-0.89 | ||
| Q2 25 | $0.43 | $-1.29 | ||
| Q1 25 | $0.12 | $-0.98 | ||
| Q4 24 | $0.31 | $-0.98 | ||
| Q3 24 | $0.44 | $-0.95 | ||
| Q2 24 | $0.64 | $-0.95 |
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 | $1.9B |
| Total DebtLower is stronger | $7.1M | — |
| Stockholders' EquityBook value | $1.9B | $2.1B |
| Total Assets | $4.4B | $8.2B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $1.9B | ||
| Q3 25 | $13.5M | $1.9B | ||
| Q2 25 | $19.6M | $2.2B | ||
| Q1 25 | $24.1M | $2.6B | ||
| Q4 24 | $20.0M | $2.1B | ||
| Q3 24 | $23.0M | $1.3B | ||
| Q2 24 | $30.0M | $1.3B |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $190.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $2.1B | ||
| Q3 25 | $2.1B | $2.4B | ||
| Q2 25 | $2.0B | $2.4B | ||
| Q1 25 | $2.0B | $3.0B | ||
| Q4 24 | $2.0B | $2.9B | ||
| Q3 24 | $2.0B | $4.1B | ||
| Q2 24 | $1.9B | $4.6B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $8.2B | ||
| Q3 25 | $3.5B | $8.2B | ||
| Q2 25 | $3.4B | $8.2B | ||
| Q1 25 | $3.4B | $9.0B | ||
| Q4 24 | $3.3B | $8.2B | ||
| Q3 24 | $3.3B | $6.9B | ||
| Q2 24 | $3.2B | $7.3B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| 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 | — | $137.5M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | 13.1% | 2.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $137.5M | ||
| Q3 25 | $51.5M | $74.9M | ||
| Q2 25 | $170.6M | $228.4M | ||
| Q1 25 | $192.1M | $432.7M | ||
| Q4 24 | $177.3M | $101.7M | ||
| Q3 24 | $244.5M | $69.9M | ||
| Q2 24 | $248.2M | $355.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $113.6M | ||
| Q3 25 | $-67.2M | $58.2M | ||
| Q2 25 | $33.1M | $183.4M | ||
| Q1 25 | $58.2M | $421.4M | ||
| Q4 24 | $-26.2M | $88.3M | ||
| Q3 24 | $77.9M | $64.8M | ||
| Q2 24 | $112.2M | $338.9M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 9.4% | ||
| Q3 25 | -7.1% | 5.1% | ||
| Q2 25 | 3.2% | 17.6% | ||
| Q1 25 | 6.0% | 42.7% | ||
| Q4 24 | -2.8% | 9.4% | ||
| Q3 24 | 6.8% | 7.5% | ||
| Q2 24 | 9.7% | 40.9% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 2.0% | ||
| Q3 25 | 12.5% | 1.5% | ||
| Q2 25 | 13.2% | 4.3% | ||
| Q1 25 | 13.7% | 1.1% | ||
| Q4 24 | 21.6% | 1.4% | ||
| Q3 24 | 14.6% | 0.6% | ||
| Q2 24 | 11.7% | 2.0% |
| 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.
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
