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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and ZILLOW GROUP, INC. (ZG). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $654.0M, roughly 1.6× ZILLOW GROUP, INC.). Liberty Energy Inc. runs the higher net margin — 2.2% vs 0.5%, a 1.8% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs 4.5%). Over the past eight quarters, ZILLOW GROUP, INC.'s revenue compounded faster (11.2% 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.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.
LBRT vs ZG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $654.0M |
| Net Profit | $22.6M | $3.0M |
| Gross Margin | — | 72.8% |
| Operating Margin | 2.2% | -1.7% |
| Net Margin | 2.2% | 0.5% |
| Revenue YoY | 4.5% | 18.1% |
| Net Profit YoY | 64.8% | 105.8% |
| EPS (diluted) | $0.14 | $0.01 |
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 | $654.0M | ||
| Q3 25 | $947.4M | $676.0M | ||
| Q2 25 | $1.0B | $655.0M | ||
| Q1 25 | $977.5M | $598.0M | ||
| Q4 24 | $943.6M | $554.0M | ||
| Q3 24 | $1.1B | $581.0M | ||
| Q2 24 | $1.2B | $572.0M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $3.0M | ||
| Q3 25 | $43.1M | $10.0M | ||
| Q2 25 | $71.0M | $2.0M | ||
| Q1 25 | $20.1M | $8.0M | ||
| Q4 24 | $51.9M | $-52.0M | ||
| Q3 24 | $73.8M | $-20.0M | ||
| Q2 24 | $108.4M | $-17.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 72.8% | ||
| Q3 25 | 18.7% | 72.6% | ||
| Q2 25 | 22.1% | 74.7% | ||
| Q1 25 | 22.1% | 76.8% | ||
| Q4 24 | 21.4% | 75.8% | ||
| Q3 24 | 26.2% | 75.9% | ||
| Q2 24 | 27.9% | 77.3% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | -1.7% | ||
| Q3 25 | -0.3% | -0.4% | ||
| Q2 25 | 3.6% | -1.7% | ||
| Q1 25 | 1.9% | -1.5% | ||
| Q4 24 | 2.6% | -12.5% | ||
| Q3 24 | 9.4% | -7.7% | ||
| Q2 24 | 12.2% | -6.6% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 0.5% | ||
| Q3 25 | 4.5% | 1.5% | ||
| Q2 25 | 6.8% | 0.3% | ||
| Q1 25 | 2.1% | 1.3% | ||
| Q4 24 | 5.5% | -9.4% | ||
| Q3 24 | 6.5% | -3.4% | ||
| Q2 24 | 9.3% | -3.0% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $0.01 | ||
| Q3 25 | $0.26 | $0.04 | ||
| Q2 25 | $0.43 | $0.01 | ||
| Q1 25 | $0.12 | $0.03 | ||
| Q4 24 | $0.31 | $-0.23 | ||
| Q3 24 | $0.44 | $-0.08 | ||
| Q2 24 | $0.64 | $-0.07 |
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 | $768.0M |
| Total DebtLower is stronger | $7.1M | — |
| Stockholders' EquityBook value | $1.9B | $4.9B |
| Total Assets | $4.4B | $5.7B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $768.0M | ||
| Q3 25 | $13.5M | $874.0M | ||
| Q2 25 | $19.6M | $587.0M | ||
| Q1 25 | $24.1M | $914.0M | ||
| Q4 24 | $20.0M | $1.1B | ||
| Q3 24 | $23.0M | $1.1B | ||
| Q2 24 | $30.0M | $1.2B |
| 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 | $4.9B | ||
| Q3 25 | $2.1B | $5.0B | ||
| Q2 25 | $2.0B | $4.7B | ||
| Q1 25 | $2.0B | $4.8B | ||
| Q4 24 | $2.0B | $4.8B | ||
| Q3 24 | $2.0B | $4.7B | ||
| Q2 24 | $1.9B | $4.5B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $5.7B | ||
| Q3 25 | $3.5B | $5.7B | ||
| Q2 25 | $3.4B | $5.4B | ||
| Q1 25 | $3.4B | $5.7B | ||
| Q4 24 | $3.3B | $5.8B | ||
| Q3 24 | $3.3B | $6.2B | ||
| Q2 24 | $3.2B | $6.6B |
| 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 | — | $72.0M |
| Free Cash FlowOCF − Capex | — | $44.0M |
| FCF MarginFCF / Revenue | — | 6.7% |
| Capex IntensityCapex / Revenue | 13.1% | 4.3% |
| Cash ConversionOCF / Net Profit | — | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $72.0M | ||
| Q3 25 | $51.5M | $105.0M | ||
| Q2 25 | $170.6M | $87.0M | ||
| Q1 25 | $192.1M | $104.0M | ||
| Q4 24 | $177.3M | $122.0M | ||
| Q3 24 | $244.5M | $171.0M | ||
| Q2 24 | $248.2M | $55.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $44.0M | ||
| Q3 25 | $-67.2M | $73.0M | ||
| Q2 25 | $33.1M | $50.0M | ||
| Q1 25 | $58.2M | $68.0M | ||
| Q4 24 | $-26.2M | $88.0M | ||
| Q3 24 | $77.9M | $138.0M | ||
| Q2 24 | $112.2M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 6.7% | ||
| Q3 25 | -7.1% | 10.8% | ||
| Q2 25 | 3.2% | 7.6% | ||
| Q1 25 | 6.0% | 11.4% | ||
| Q4 24 | -2.8% | 15.9% | ||
| Q3 24 | 6.8% | 23.8% | ||
| Q2 24 | 9.7% | 3.1% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 4.3% | ||
| Q3 25 | 12.5% | 4.7% | ||
| Q2 25 | 13.2% | 5.6% | ||
| Q1 25 | 13.7% | 6.0% | ||
| Q4 24 | 21.6% | 6.1% | ||
| Q3 24 | 14.6% | 5.7% | ||
| Q2 24 | 11.7% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 24.00× | ||
| Q3 25 | 1.20× | 10.50× | ||
| Q2 25 | 2.40× | 43.50× | ||
| Q1 25 | 9.55× | 13.00× | ||
| 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.
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
