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Side-by-side financial comparison of Liberty Global Ltd. (LBTYA) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.

Liberty Global Ltd. is the larger business by last-quarter revenue ($2.4B vs $932.7M, roughly 2.6× LCI INDUSTRIES). Liberty Global Ltd. runs the higher net margin — 15.0% vs 2.0%, a 13.0% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs -3.6%). Over the past eight quarters, Liberty Global Ltd.'s revenue compounded faster (12.9% CAGR vs -1.8%).

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.

LBTYA vs LCII — Head-to-Head

Bigger by revenue
LBTYA
LBTYA
2.6× larger
LBTYA
$2.4B
$932.7M
LCII
Growing faster (revenue YoY)
LCII
LCII
+19.8% gap
LCII
16.1%
-3.6%
LBTYA
Higher net margin
LBTYA
LBTYA
13.0% more per $
LBTYA
15.0%
2.0%
LCII
Faster 2-yr revenue CAGR
LBTYA
LBTYA
Annualised
LBTYA
12.9%
-1.8%
LCII

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LBTYA
LBTYA
LCII
LCII
Revenue
$2.4B
$932.7M
Net Profit
$358.2M
$18.7M
Gross Margin
22.1%
Operating Margin
1.0%
3.8%
Net Margin
15.0%
2.0%
Revenue YoY
-3.6%
16.1%
Net Profit YoY
127.1%
95.7%
EPS (diluted)
$0.79

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.

Revenue
LBTYA
LBTYA
LCII
LCII
Q1 26
$2.4B
Q4 25
$1.2B
$932.7M
Q3 25
$1.2B
$1.0B
Q2 25
$1.3B
$1.1B
Q1 25
$1.2B
$1.0B
Q4 24
$-1.4B
$803.1M
Q3 24
$1.9B
$915.5M
Q2 24
$1.9B
$1.1B
Net Profit
LBTYA
LBTYA
LCII
LCII
Q1 26
$358.2M
Q4 25
$-2.9B
$18.7M
Q3 25
$-90.7M
$62.5M
Q2 25
$-2.8B
$57.6M
Q1 25
$-1.3B
$49.4M
Q4 24
$2.2B
$9.5M
Q3 24
$-1.4B
$35.6M
Q2 24
$268.1M
$61.2M
Gross Margin
LBTYA
LBTYA
LCII
LCII
Q1 26
Q4 25
66.8%
22.1%
Q3 25
67.5%
24.4%
Q2 25
63.3%
24.4%
Q1 25
65.6%
24.1%
Q4 24
21.1%
Q3 24
69.4%
24.0%
Q2 24
68.5%
25.3%
Operating Margin
LBTYA
LBTYA
LCII
LCII
Q1 26
1.0%
Q4 25
-8.6%
3.8%
Q3 25
-0.7%
7.3%
Q2 25
2.3%
7.9%
Q1 25
5.2%
7.8%
Q4 24
2.0%
Q3 24
5.2%
5.9%
Q2 24
1.0%
8.6%
Net Margin
LBTYA
LBTYA
LCII
LCII
Q1 26
15.0%
Q4 25
-237.0%
2.0%
Q3 25
-7.5%
6.0%
Q2 25
-220.1%
5.2%
Q1 25
-114.2%
4.7%
Q4 24
-158.9%
1.2%
Q3 24
-74.1%
3.9%
Q2 24
14.3%
5.8%
EPS (diluted)
LBTYA
LBTYA
LCII
LCII
Q1 26
Q4 25
$-8.66
$0.79
Q3 25
$-0.27
$2.55
Q2 25
$-8.09
$2.29
Q1 25
$-3.84
$1.94
Q4 24
$6.15
$0.37
Q3 24
$-3.95
$1.39
Q2 24
$0.71
$2.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LBTYA
LBTYA
LCII
LCII
Cash + ST InvestmentsLiquidity on hand
$-387.3M
$222.6M
Total DebtLower is stronger
$945.2M
Stockholders' EquityBook value
$1.4B
Total Assets
$3.2B
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LBTYA
LBTYA
LCII
LCII
Q1 26
$-387.3M
Q4 25
$2.2B
$222.6M
Q3 25
$1.7B
$199.7M
Q2 25
$3.1B
$191.9M
Q1 25
$2.0B
$231.2M
Q4 24
$2.2B
$165.8M
Q3 24
$3.3B
$161.2M
Q2 24
$3.2B
$130.4M
Total Debt
LBTYA
LBTYA
LCII
LCII
Q1 26
Q4 25
$7.8B
$945.2M
Q3 25
$7.8B
$947.8M
Q2 25
$7.8B
$948.0M
Q1 25
$8.2B
$938.3M
Q4 24
$8.2B
$757.3M
Q3 24
$14.9B
$822.5M
Q2 24
$14.7B
$829.7M
Stockholders' Equity
LBTYA
LBTYA
LCII
LCII
Q1 26
Q4 25
$9.7B
$1.4B
Q3 25
$12.7B
$1.4B
Q2 25
$13.0B
$1.4B
Q1 25
$12.6B
$1.4B
Q4 24
$12.4B
$1.4B
Q3 24
$18.7B
$1.4B
Q2 24
$18.3B
$1.4B
Total Assets
LBTYA
LBTYA
LCII
LCII
Q1 26
Q4 25
$22.6B
$3.2B
Q3 25
$25.4B
$3.2B
Q2 25
$27.2B
$3.2B
Q1 25
$26.0B
$3.1B
Q4 24
$25.4B
$2.9B
Q3 24
$41.8B
$3.0B
Q2 24
$40.8B
$3.0B
Debt / Equity
LBTYA
LBTYA
LCII
LCII
Q1 26
Q4 25
0.80×
0.69×
Q3 25
0.61×
0.70×
Q2 25
0.60×
0.68×
Q1 25
0.65×
0.69×
Q4 24
0.66×
0.55×
Q3 24
0.80×
0.58×
Q2 24
0.80×
0.60×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LBTYA
LBTYA
LCII
LCII
Operating Cash FlowLast quarter
$107.6M
$78.9M
Free Cash FlowOCF − Capex
$64.3M
FCF MarginFCF / Revenue
6.9%
Capex IntensityCapex / Revenue
1.5%
1.6%
Cash ConversionOCF / Net Profit
0.30×
4.22×
TTM Free Cash FlowTrailing 4 quarters
$278.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LBTYA
LBTYA
LCII
LCII
Q1 26
$107.6M
Q4 25
$630.9M
$78.9M
Q3 25
$301.8M
$97.2M
Q2 25
$149.2M
$112.2M
Q1 25
$129.2M
$42.7M
Q4 24
$791.6M
$106.6M
Q3 24
$449.5M
$78.4M
Q2 24
$546.1M
$192.9M
Free Cash Flow
LBTYA
LBTYA
LCII
LCII
Q1 26
Q4 25
$193.3M
$64.3M
Q3 25
$-41.1M
$80.9M
Q2 25
$-170.1M
$99.5M
Q1 25
$-114.1M
$33.7M
Q4 24
$712.9M
$95.7M
Q3 24
$102.4M
$68.3M
Q2 24
$256.8M
$180.2M
FCF Margin
LBTYA
LBTYA
LCII
LCII
Q1 26
Q4 25
15.7%
6.9%
Q3 25
-3.4%
7.8%
Q2 25
-13.4%
9.0%
Q1 25
-9.7%
3.2%
Q4 24
-50.5%
11.9%
Q3 24
5.3%
7.5%
Q2 24
13.7%
17.1%
Capex Intensity
LBTYA
LBTYA
LCII
LCII
Q1 26
1.5%
Q4 25
35.5%
1.6%
Q3 25
28.4%
1.6%
Q2 25
25.2%
1.2%
Q1 25
20.8%
0.9%
Q4 24
-5.6%
1.4%
Q3 24
17.9%
1.1%
Q2 24
15.4%
1.2%
Cash Conversion
LBTYA
LBTYA
LCII
LCII
Q1 26
0.30×
Q4 25
4.22×
Q3 25
1.55×
Q2 25
1.95×
Q1 25
0.86×
Q4 24
0.35×
11.17×
Q3 24
2.20×
Q2 24
2.04×
3.15×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LBTYA
LBTYA

Mobile Service$775.2M32%
Fixed Service$772.0M32%
Business$308.7M13%
Wholesale$256.9M11%
Business Service$233.2M10%

LCII
LCII

Travel Trailer And Fifth Wheels$378.4M41%
Chassis Chassis Partsand Slideout Mechanisms$206.1M22%
Furnitureand Mattresses$120.4M13%
Appliances$69.9M7%
Other Products$69.1M7%
Axlesand Suspension Solutions$62.3M7%
Motorhomes$34.2M4%

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