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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and Teradyne (TER). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.1× Liberty Energy Inc.). Teradyne runs the higher net margin — 23.7% vs 2.2%, a 21.5% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (43.9% vs 4.5%). Over the past eight quarters, Teradyne's revenue compounded faster (34.4% 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.
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
LBRT vs TER — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.1B |
| Net Profit | $22.6M | $257.2M |
| Gross Margin | — | 57.2% |
| Operating Margin | 2.2% | 27.1% |
| Net Margin | 2.2% | 23.7% |
| Revenue YoY | 4.5% | 43.9% |
| Net Profit YoY | 64.8% | 75.9% |
| 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 | $1.1B | ||
| Q3 25 | $947.4M | $769.2M | ||
| Q2 25 | $1.0B | $651.8M | ||
| Q1 25 | $977.5M | $685.7M | ||
| Q4 24 | $943.6M | $752.9M | ||
| Q3 24 | $1.1B | $737.3M | ||
| Q2 24 | $1.2B | $729.9M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $257.2M | ||
| Q3 25 | $43.1M | $119.6M | ||
| Q2 25 | $71.0M | $78.4M | ||
| Q1 25 | $20.1M | $98.9M | ||
| Q4 24 | $51.9M | $146.3M | ||
| Q3 24 | $73.8M | $145.6M | ||
| Q2 24 | $108.4M | $186.3M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 57.2% | ||
| Q3 25 | 18.7% | 58.4% | ||
| Q2 25 | 22.1% | 57.2% | ||
| Q1 25 | 22.1% | 60.6% | ||
| Q4 24 | 21.4% | 59.4% | ||
| Q3 24 | 26.2% | 59.2% | ||
| Q2 24 | 27.9% | 58.3% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 27.1% | ||
| Q3 25 | -0.3% | 18.9% | ||
| Q2 25 | 3.6% | 13.9% | ||
| Q1 25 | 1.9% | 17.6% | ||
| Q4 24 | 2.6% | 20.4% | ||
| Q3 24 | 9.4% | 20.6% | ||
| Q2 24 | 12.2% | 28.8% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 23.7% | ||
| Q3 25 | 4.5% | 15.5% | ||
| Q2 25 | 6.8% | 12.0% | ||
| Q1 25 | 2.1% | 14.4% | ||
| Q4 24 | 5.5% | 19.4% | ||
| Q3 24 | 6.5% | 19.8% | ||
| Q2 24 | 9.3% | 25.5% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $1.62 | ||
| Q3 25 | $0.26 | $0.75 | ||
| Q2 25 | $0.43 | $0.49 | ||
| Q1 25 | $0.12 | $0.61 | ||
| Q4 24 | $0.31 | $0.89 | ||
| Q3 24 | $0.44 | $0.89 | ||
| Q2 24 | $0.64 | $1.14 |
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 | $293.8M |
| Total DebtLower is stronger | $7.1M | — |
| Stockholders' EquityBook value | $1.9B | $2.8B |
| Total Assets | $4.4B | $4.2B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $293.8M | ||
| Q3 25 | $13.5M | $272.7M | ||
| Q2 25 | $19.6M | $339.3M | ||
| Q1 25 | $24.1M | $475.6M | ||
| Q4 24 | $20.0M | $553.4M | ||
| Q3 24 | $23.0M | $510.0M | ||
| Q2 24 | $30.0M | $421.9M |
| 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 | $2.8B | ||
| Q3 25 | $2.1B | $2.7B | ||
| Q2 25 | $2.0B | $2.8B | ||
| Q1 25 | $2.0B | $2.8B | ||
| Q4 24 | $2.0B | $2.8B | ||
| Q3 24 | $2.0B | $2.9B | ||
| Q2 24 | $1.9B | $2.7B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $4.2B | ||
| Q3 25 | $3.5B | $4.0B | ||
| Q2 25 | $3.4B | $3.8B | ||
| Q1 25 | $3.4B | $3.7B | ||
| Q4 24 | $3.3B | $3.7B | ||
| Q3 24 | $3.3B | $3.8B | ||
| Q2 24 | $3.2B | $3.6B |
| 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 | — | $281.6M |
| Free Cash FlowOCF − Capex | — | $218.8M |
| FCF MarginFCF / Revenue | — | 20.2% |
| Capex IntensityCapex / Revenue | 13.1% | 5.8% |
| Cash ConversionOCF / Net Profit | — | 1.09× |
| TTM Free Cash FlowTrailing 4 quarters | — | $450.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $281.6M | ||
| Q3 25 | $51.5M | $49.0M | ||
| Q2 25 | $170.6M | $182.1M | ||
| Q1 25 | $192.1M | $161.6M | ||
| Q4 24 | $177.3M | $282.6M | ||
| Q3 24 | $244.5M | $166.3M | ||
| Q2 24 | $248.2M | $216.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $218.8M | ||
| Q3 25 | $-67.2M | $2.4M | ||
| Q2 25 | $33.1M | $131.7M | ||
| Q1 25 | $58.2M | $97.6M | ||
| Q4 24 | $-26.2M | $225.2M | ||
| Q3 24 | $77.9M | $114.4M | ||
| Q2 24 | $112.2M | $171.2M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 20.2% | ||
| Q3 25 | -7.1% | 0.3% | ||
| Q2 25 | 3.2% | 20.2% | ||
| Q1 25 | 6.0% | 14.2% | ||
| Q4 24 | -2.8% | 29.9% | ||
| Q3 24 | 6.8% | 15.5% | ||
| Q2 24 | 9.7% | 23.5% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 5.8% | ||
| Q3 25 | 12.5% | 6.1% | ||
| Q2 25 | 13.2% | 7.7% | ||
| Q1 25 | 13.7% | 9.3% | ||
| Q4 24 | 21.6% | 7.6% | ||
| Q3 24 | 14.6% | 7.0% | ||
| Q2 24 | 11.7% | 6.1% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 1.09× | ||
| Q3 25 | 1.20× | 0.41× | ||
| Q2 25 | 2.40× | 2.32× | ||
| Q1 25 | 9.55× | 1.63× | ||
| Q4 24 | 3.42× | 1.93× | ||
| Q3 24 | 3.31× | 1.14× | ||
| Q2 24 | 2.29× | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
