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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and EXPRO GROUP HOLDINGS N.V. (XPRO). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $382.1M, roughly 2.7× EXPRO GROUP HOLDINGS N.V.). Liberty Energy Inc. runs the higher net margin — 2.2% vs 1.5%, a 0.7% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs -12.5%). Over the past eight quarters, EXPRO GROUP HOLDINGS N.V.'s revenue compounded faster (-0.2% 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.
Expro is an energy services provider headquartered in Houston, Texas, United States.
LBRT vs XPRO — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $382.1M |
| Net Profit | $22.6M | $5.8M |
| Gross Margin | — | — |
| Operating Margin | 2.2% | 3.1% |
| Net Margin | 2.2% | 1.5% |
| Revenue YoY | 4.5% | -12.5% |
| Net Profit YoY | 64.8% | -74.9% |
| EPS (diluted) | $0.14 | $0.05 |
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 | $382.1M | ||
| Q3 25 | $947.4M | $411.4M | ||
| Q2 25 | $1.0B | $422.7M | ||
| Q1 25 | $977.5M | $390.9M | ||
| Q4 24 | $943.6M | $436.8M | ||
| Q3 24 | $1.1B | $422.8M | ||
| Q2 24 | $1.2B | $469.6M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $5.8M | ||
| Q3 25 | $43.1M | $14.0M | ||
| Q2 25 | $71.0M | $18.0M | ||
| Q1 25 | $20.1M | $13.9M | ||
| Q4 24 | $51.9M | $23.0M | ||
| Q3 24 | $73.8M | $16.3M | ||
| Q2 24 | $108.4M | $15.3M |
| 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% | 3.1% | ||
| Q3 25 | -0.3% | 6.4% | ||
| Q2 25 | 3.6% | 7.7% | ||
| Q1 25 | 1.9% | 2.6% | ||
| Q4 24 | 2.6% | 7.3% | ||
| Q3 24 | 9.4% | 6.2% | ||
| Q2 24 | 12.2% | 5.9% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 1.5% | ||
| Q3 25 | 4.5% | 3.4% | ||
| Q2 25 | 6.8% | 4.3% | ||
| Q1 25 | 2.1% | 3.6% | ||
| Q4 24 | 5.5% | 5.3% | ||
| Q3 24 | 6.5% | 3.8% | ||
| Q2 24 | 9.3% | 3.3% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $0.05 | ||
| Q3 25 | $0.26 | $0.12 | ||
| Q2 25 | $0.43 | $0.16 | ||
| Q1 25 | $0.12 | $0.12 | ||
| Q4 24 | $0.31 | $0.20 | ||
| Q3 24 | $0.44 | $0.14 | ||
| Q2 24 | $0.64 | $0.13 |
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 | $196.1M |
| Total DebtLower is stronger | $7.1M | $79.1M |
| Stockholders' EquityBook value | $1.9B | $1.5B |
| Total Assets | $4.4B | $2.3B |
| Debt / EquityLower = less leverage | 0.00× | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $196.1M | ||
| Q3 25 | $13.5M | $197.9M | ||
| Q2 25 | $19.6M | $206.8M | ||
| Q1 25 | $24.1M | $179.3M | ||
| Q4 24 | $20.0M | $183.0M | ||
| Q3 24 | $23.0M | $165.7M | ||
| Q2 24 | $30.0M | $133.5M |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $79.1M | ||
| Q3 25 | — | $99.1M | ||
| Q2 25 | — | $121.1M | ||
| Q1 25 | — | $121.1M | ||
| Q4 24 | $190.5M | $121.1M | ||
| Q3 24 | — | $121.1M | ||
| Q2 24 | — | $121.1M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | $2.0B | $1.5B | ||
| Q4 24 | $2.0B | $1.5B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $1.9B | $1.5B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $2.3B | ||
| Q3 25 | $3.5B | $2.3B | ||
| Q2 25 | $3.4B | $2.3B | ||
| Q1 25 | $3.4B | $2.3B | ||
| Q4 24 | $3.3B | $2.3B | ||
| Q3 24 | $3.3B | $2.3B | ||
| Q2 24 | $3.2B | $2.3B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 0.05× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | 0.10× | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× |
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 | — | $57.1M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 6.1% |
| Capex IntensityCapex / Revenue | 13.1% | 8.9% |
| Cash ConversionOCF / Net Profit | — | 9.89× |
| TTM Free Cash FlowTrailing 4 quarters | — | $97.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $57.1M | ||
| Q3 25 | $51.5M | $63.2M | ||
| Q2 25 | $170.6M | $48.4M | ||
| Q1 25 | $192.1M | $41.5M | ||
| Q4 24 | $177.3M | $97.4M | ||
| Q3 24 | $244.5M | $55.3M | ||
| Q2 24 | $248.2M | $-13.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $23.2M | ||
| Q3 25 | $-67.2M | $39.0M | ||
| Q2 25 | $33.1M | $27.2M | ||
| Q1 25 | $58.2M | $8.4M | ||
| Q4 24 | $-26.2M | $53.0M | ||
| Q3 24 | $77.9M | $23.3M | ||
| Q2 24 | $112.2M | $-49.5M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 6.1% | ||
| Q3 25 | -7.1% | 9.5% | ||
| Q2 25 | 3.2% | 6.4% | ||
| Q1 25 | 6.0% | 2.1% | ||
| Q4 24 | -2.8% | 12.1% | ||
| Q3 24 | 6.8% | 5.5% | ||
| Q2 24 | 9.7% | -10.5% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 8.9% | ||
| Q3 25 | 12.5% | 5.9% | ||
| Q2 25 | 13.2% | 5.0% | ||
| Q1 25 | 13.7% | 8.5% | ||
| Q4 24 | 21.6% | 10.2% | ||
| Q3 24 | 14.6% | 7.6% | ||
| Q2 24 | 11.7% | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 9.89× | ||
| Q3 25 | 1.20× | 4.52× | ||
| Q2 25 | 2.40× | 2.69× | ||
| Q1 25 | 9.55× | 2.98× | ||
| Q4 24 | 3.42× | 4.23× | ||
| Q3 24 | 3.31× | 3.40× | ||
| Q2 24 | 2.29× | -0.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
