vs
Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and WERNER ENTERPRISES INC (WERN). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $808.6M, roughly 1.3× WERNER ENTERPRISES INC). Liberty Energy Inc. runs the higher net margin — 2.2% vs -0.5%, a 2.7% gap on every dollar of revenue. On growth, WERNER ENTERPRISES INC posted the faster year-over-year revenue change (13.6% vs 4.5%). Over the past eight quarters, WERNER ENTERPRISES INC's revenue compounded faster (4.3% 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.
Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. Werner Enterprises stated that it had 2023 revenues of $3.28 billion and over 14,000 employees and contractors.
LBRT vs WERN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $808.6M |
| Net Profit | $22.6M | $-4.3M |
| Gross Margin | — | — |
| Operating Margin | 2.2% | — |
| Net Margin | 2.2% | -0.5% |
| Revenue YoY | 4.5% | 13.6% |
| Net Profit YoY | 64.8% | 57.8% |
| EPS (diluted) | $0.14 | $-0.07 |
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 | $808.6M | ||
| Q4 25 | $1.0B | $719.9M | ||
| Q3 25 | $947.4M | $752.2M | ||
| Q2 25 | $1.0B | $734.1M | ||
| Q1 25 | $977.5M | $693.4M | ||
| Q4 24 | $943.6M | $736.6M | ||
| Q3 24 | $1.1B | $726.3M | ||
| Q2 24 | $1.2B | $742.7M |
| Q1 26 | $22.6M | $-4.3M | ||
| Q4 25 | $13.7M | $-27.8M | ||
| Q3 25 | $43.1M | $-20.6M | ||
| Q2 25 | $71.0M | $44.1M | ||
| Q1 25 | $20.1M | $-10.1M | ||
| Q4 24 | $51.9M | $11.9M | ||
| Q3 24 | $73.8M | $6.6M | ||
| Q2 24 | $108.4M | $9.5M |
| 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% | -5.0% | ||
| Q3 25 | -0.3% | -1.7% | ||
| Q2 25 | 3.6% | 9.0% | ||
| Q1 25 | 1.9% | -0.8% | ||
| Q4 24 | 2.6% | 1.8% | ||
| Q3 24 | 9.4% | 2.4% | ||
| Q2 24 | 12.2% | 2.6% |
| Q1 26 | 2.2% | -0.5% | ||
| Q4 25 | 1.3% | -3.9% | ||
| Q3 25 | 4.5% | -2.7% | ||
| Q2 25 | 6.8% | 6.0% | ||
| Q1 25 | 2.1% | -1.5% | ||
| Q4 24 | 5.5% | 1.6% | ||
| Q3 24 | 6.5% | 0.9% | ||
| Q2 24 | 9.3% | 1.3% |
| Q1 26 | $0.14 | $-0.07 | ||
| Q4 25 | $0.08 | $-0.46 | ||
| Q3 25 | $0.26 | $-0.34 | ||
| Q2 25 | $0.43 | $0.72 | ||
| Q1 25 | $0.12 | $-0.16 | ||
| Q4 24 | $0.31 | $0.19 | ||
| Q3 24 | $0.44 | $0.11 | ||
| Q2 24 | $0.64 | $0.15 |
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 | $61.5M |
| Total DebtLower is stronger | $7.1M | $878.2M |
| Stockholders' EquityBook value | $1.9B | $1.4B |
| Total Assets | $4.4B | $3.3B |
| Debt / EquityLower = less leverage | 0.00× | 0.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | $61.5M | ||
| Q4 25 | $27.6M | $59.9M | ||
| Q3 25 | $13.5M | $51.0M | ||
| Q2 25 | $19.6M | $51.4M | ||
| Q1 25 | $24.1M | $52.0M | ||
| Q4 24 | $20.0M | $40.8M | ||
| Q3 24 | $23.0M | $54.7M | ||
| Q2 24 | $30.0M | $70.4M |
| Q1 26 | $7.1M | $878.2M | ||
| Q4 25 | $246.6M | $752.0M | ||
| Q3 25 | — | $725.0M | ||
| Q2 25 | — | $725.0M | ||
| Q1 25 | — | $640.0M | ||
| Q4 24 | $190.5M | $650.0M | ||
| Q3 24 | — | $690.0M | ||
| Q2 24 | — | $670.0M |
| Q1 26 | $1.9B | $1.4B | ||
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $2.0B | $1.5B | ||
| Q3 24 | $2.0B | $1.4B | ||
| Q2 24 | $1.9B | $1.5B |
| Q1 26 | $4.4B | $3.3B | ||
| Q4 25 | $3.6B | $2.9B | ||
| Q3 25 | $3.5B | $3.0B | ||
| Q2 25 | $3.4B | $2.9B | ||
| Q1 25 | $3.4B | $3.0B | ||
| Q4 24 | $3.3B | $3.1B | ||
| Q3 24 | $3.3B | $3.1B | ||
| Q2 24 | $3.2B | $3.1B |
| Q1 26 | 0.00× | 0.65× | ||
| Q4 25 | 0.12× | 0.55× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | 0.10× | 0.45× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
