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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $891.0M, roughly 1.1× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 2.2%, a 27.3% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs 4.5%). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% 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.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
LBRT vs ZION — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $891.0M |
| Net Profit | $22.6M | $263.0M |
| Gross Margin | — | — |
| Operating Margin | 2.2% | — |
| Net Margin | 2.2% | 29.5% |
| Revenue YoY | 4.5% | 8.7% |
| Net Profit YoY | — | 21.8% |
| EPS (diluted) | $0.14 | $1.77 |
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 | $891.0M | ||
| Q3 25 | $947.4M | $861.0M | ||
| Q2 25 | $1.0B | $838.0M | ||
| Q1 25 | $977.5M | $795.0M | ||
| Q4 24 | $943.6M | $820.0M | ||
| Q3 24 | $1.1B | $792.0M | ||
| Q2 24 | $1.2B | $777.0M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $263.0M | ||
| Q3 25 | $43.1M | $222.0M | ||
| Q2 25 | $71.0M | $244.0M | ||
| Q1 25 | $20.1M | $170.0M | ||
| Q4 24 | $51.9M | $216.0M | ||
| Q3 24 | $73.8M | $214.0M | ||
| Q2 24 | $108.4M | $201.0M |
| 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% | — | ||
| Q3 25 | -0.3% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 9.4% | — | ||
| Q2 24 | 12.2% | — |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 29.5% | ||
| Q3 25 | 4.5% | 25.8% | ||
| Q2 25 | 6.8% | 29.1% | ||
| Q1 25 | 2.1% | 21.4% | ||
| Q4 24 | 5.5% | 26.3% | ||
| Q3 24 | 6.5% | 27.0% | ||
| Q2 24 | 9.3% | 25.9% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $1.77 | ||
| Q3 25 | $0.26 | $1.48 | ||
| Q2 25 | $0.43 | $1.63 | ||
| Q1 25 | $0.12 | $1.13 | ||
| Q4 24 | $0.31 | $1.34 | ||
| Q3 24 | $0.44 | $1.37 | ||
| Q2 24 | $0.64 | $1.28 |
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 | — |
| Total DebtLower is stronger | $7.1M | $1.5B |
| Stockholders' EquityBook value | $1.9B | $7.2B |
| Total Assets | $4.4B | $89.0B |
| Debt / EquityLower = less leverage | 0.00× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | — | ||
| Q3 25 | $13.5M | — | ||
| Q2 25 | $19.6M | — | ||
| Q1 25 | $24.1M | — | ||
| Q4 24 | $20.0M | — | ||
| Q3 24 | $23.0M | — | ||
| Q2 24 | $30.0M | — |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $970.0M | ||
| Q1 25 | — | $964.0M | ||
| Q4 24 | $190.5M | $950.0M | ||
| Q3 24 | — | $548.0M | ||
| Q2 24 | — | $546.0M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $7.2B | ||
| Q3 25 | $2.1B | $6.9B | ||
| Q2 25 | $2.0B | $6.6B | ||
| Q1 25 | $2.0B | $6.3B | ||
| Q4 24 | $2.0B | $6.1B | ||
| Q3 24 | $2.0B | $6.4B | ||
| Q2 24 | $1.9B | $6.0B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $89.0B | ||
| Q3 25 | $3.5B | $88.5B | ||
| Q2 25 | $3.4B | $88.9B | ||
| Q1 25 | $3.4B | $88.0B | ||
| Q4 24 | $3.3B | $88.8B | ||
| Q3 24 | $3.3B | $87.0B | ||
| Q2 24 | $3.2B | $87.6B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | 0.10× | 0.16× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.09× |
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 | — | $1.1B |
| Free Cash FlowOCF − Capex | — | $952.0M |
| FCF MarginFCF / Revenue | — | 106.8% |
| Capex IntensityCapex / Revenue | 13.1% | 13.6% |
| Cash ConversionOCF / Net Profit | — | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $1.1B | ||
| Q3 25 | $51.5M | $438.0M | ||
| Q2 25 | $170.6M | $-62.0M | ||
| Q1 25 | $192.1M | $179.0M | ||
| Q4 24 | $177.3M | $1.1B | ||
| Q3 24 | $244.5M | $119.0M | ||
| Q2 24 | $248.2M | $251.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $952.0M | ||
| Q3 25 | $-67.2M | $413.0M | ||
| Q2 25 | $33.1M | $-93.0M | ||
| Q1 25 | $58.2M | $152.0M | ||
| Q4 24 | $-26.2M | $1.1B | ||
| Q3 24 | $77.9M | $97.0M | ||
| Q2 24 | $112.2M | $234.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 106.8% | ||
| Q3 25 | -7.1% | 48.0% | ||
| Q2 25 | 3.2% | -11.1% | ||
| Q1 25 | 6.0% | 19.1% | ||
| Q4 24 | -2.8% | 128.2% | ||
| Q3 24 | 6.8% | 12.2% | ||
| Q2 24 | 9.7% | 30.1% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 13.6% | ||
| Q3 25 | 12.5% | 2.9% | ||
| Q2 25 | 13.2% | 3.7% | ||
| Q1 25 | 13.7% | 3.4% | ||
| Q4 24 | 21.6% | 11.8% | ||
| Q3 24 | 14.6% | 2.8% | ||
| Q2 24 | 11.7% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 4.08× | ||
| Q3 25 | 1.20× | 1.97× | ||
| Q2 25 | 2.40× | -0.25× | ||
| Q1 25 | 9.55× | 1.05× | ||
| Q4 24 | 3.42× | 5.31× | ||
| Q3 24 | 3.31× | 0.56× | ||
| Q2 24 | 2.29× | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
