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Liberty Energy Inc.（LBRT）与明晟（MSCI）财务数据对比。点击上方公司名可切换其他公司
Liberty Energy Inc.的季度营收约是明晟的1.2倍（$1.0B vs $822.5M），明晟净利率更高（34.6% vs 2.2%，领先32.4%），明晟同比增速更快（10.6% vs 4.5%），过去两年明晟的营收复合增速更高（10.0% vs -6.2%）
Liberty Energy Inc.是北美领先的能源服务供应商，专注为油气运营企业提供水力压裂及完井解决方案，服务覆盖美国主要页岩产区，供应低排放作业设备及定制化支持，帮助提升油气井生产效率。
MSCI（明晟）是总部位于美国纽约的金融服务企业，为全球市场提供股票、固定收益、房地产指数、多资产组合分析工具及ESG、气候金融相关产品，旗下运营MSCI全球指数、MSCI新兴市场指数、MSCI全球所有国家（ACWI）指数等多款知名指数产品。
LBRT vs MSCI — 直观对比
营收规模更大
LBRT
是对方的1.2倍
$822.5M
营收增速更快
MSCI
高出6.2%
4.5%
净利率更高
MSCI
高出32.4%
2.2%
两年增速更快
MSCI
近两年复合增速
-6.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $822.5M |
| 净利润 | $22.6M | $284.7M |
| 毛利率 | — | — |
| 营业利润率 | 2.2% | 56.4% |
| 净利率 | 2.2% | 34.6% |
| 营收同比 | 4.5% | 10.6% |
| 净利润同比 | — | -6.8% |
| 每股收益（稀释后） | $0.14 | $3.81 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LBRTMSCI
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $822.5M | ||
| Q3 25 | $947.4M | $793.4M | ||
| Q2 25 | $1.0B | $772.7M | ||
| Q1 25 | $977.5M | $745.8M | ||
| Q4 24 | $943.6M | $743.5M | ||
| Q3 24 | $1.1B | $724.7M | ||
| Q2 24 | $1.2B | $707.9M |
净利润LBRTMSCI
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $284.7M | ||
| Q3 25 | $43.1M | $325.4M | ||
| Q2 25 | $71.0M | $303.6M | ||
| Q1 25 | $20.1M | $288.6M | ||
| Q4 24 | $51.9M | $305.5M | ||
| Q3 24 | $73.8M | $280.9M | ||
| Q2 24 | $108.4M | $266.8M |
毛利率LBRTMSCI
| 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% | — |
营业利润率LBRTMSCI
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 56.4% | ||
| Q3 25 | -0.3% | 56.4% | ||
| Q2 25 | 3.6% | 55.0% | ||
| Q1 25 | 1.9% | 50.6% | ||
| Q4 24 | 2.6% | 54.5% | ||
| Q3 24 | 9.4% | 55.4% | ||
| Q2 24 | 12.2% | 54.0% |
净利率LBRTMSCI
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 34.6% | ||
| Q3 25 | 4.5% | 41.0% | ||
| Q2 25 | 6.8% | 39.3% | ||
| Q1 25 | 2.1% | 38.7% | ||
| Q4 24 | 5.5% | 41.1% | ||
| Q3 24 | 6.5% | 38.8% | ||
| Q2 24 | 9.3% | 37.7% |
每股收益（稀释后）LBRTMSCI
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $3.81 | ||
| Q3 25 | $0.26 | $4.25 | ||
| Q2 25 | $0.43 | $3.92 | ||
| Q1 25 | $0.12 | $3.71 | ||
| Q4 24 | $0.31 | $3.89 | ||
| Q3 24 | $0.44 | $3.57 | ||
| Q2 24 | $0.64 | $3.37 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $699.1M | $515.3M |
| 总债务越低越好 | $7.1M | $6.2B |
| 股东权益账面价值 | $1.9B | $-2.7B |
| 总资产 | $4.4B | $5.7B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资LBRTMSCI
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $515.3M | ||
| Q3 25 | $13.5M | $400.1M | ||
| Q2 25 | $19.6M | $347.3M | ||
| Q1 25 | $24.1M | $360.7M | ||
| Q4 24 | $20.0M | $409.4M | ||
| Q3 24 | $23.0M | $501.0M | ||
| Q2 24 | $30.0M | $451.4M |
总债务LBRTMSCI
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $6.2B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | $190.5M | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.5B |
股东权益LBRTMSCI
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $-2.7B | ||
| Q3 25 | $2.1B | $-1.9B | ||
| Q2 25 | $2.0B | $-886.2M | ||
| Q1 25 | $2.0B | $-958.6M | ||
| Q4 24 | $2.0B | $-940.0M | ||
| Q3 24 | $2.0B | $-751.0M | ||
| Q2 24 | $1.9B | $-734.5M |
总资产LBRTMSCI
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $5.7B | ||
| Q3 25 | $3.5B | $5.4B | ||
| Q2 25 | $3.4B | $5.4B | ||
| Q1 25 | $3.4B | $5.3B | ||
| Q4 24 | $3.3B | $5.4B | ||
| Q3 24 | $3.3B | $5.4B | ||
| Q2 24 | $3.2B | $5.5B |
负债/权益比LBRTMSCI
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $501.1M |
| 自由现金流经营现金流 - 资本支出 | — | $488.7M |
| 自由现金流率自由现金流/营收 | — | 59.4% |
| 资本支出强度资本支出/营收 | 13.1% | 1.5% |
| 现金转化率经营现金流/净利润 | — | 1.76× |
| 过去12个月自由现金流最近4个季度 | — | $1.5B |
8季度趋势，按日历期对齐
经营现金流LBRTMSCI
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $501.1M | ||
| Q3 25 | $51.5M | $449.4M | ||
| Q2 25 | $170.6M | $336.1M | ||
| Q1 25 | $192.1M | $301.7M | ||
| Q4 24 | $177.3M | $430.6M | ||
| Q3 24 | $244.5M | $421.6M | ||
| Q2 24 | $248.2M | $349.2M |
自由现金流LBRTMSCI
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $488.7M | ||
| Q3 25 | $-67.2M | $445.5M | ||
| Q2 25 | $33.1M | $324.7M | ||
| Q1 25 | $58.2M | $290.2M | ||
| Q4 24 | $-26.2M | $416.4M | ||
| Q3 24 | $77.9M | $415.0M | ||
| Q2 24 | $112.2M | $340.6M |
自由现金流率LBRTMSCI
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 59.4% | ||
| Q3 25 | -7.1% | 56.2% | ||
| Q2 25 | 3.2% | 42.0% | ||
| Q1 25 | 6.0% | 38.9% | ||
| Q4 24 | -2.8% | 56.0% | ||
| Q3 24 | 6.8% | 57.3% | ||
| Q2 24 | 9.7% | 48.1% |
资本支出强度LBRTMSCI
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 1.5% | ||
| Q3 25 | 12.5% | 0.5% | ||
| Q2 25 | 13.2% | 1.5% | ||
| Q1 25 | 13.7% | 1.5% | ||
| Q4 24 | 21.6% | 1.9% | ||
| Q3 24 | 14.6% | 0.9% | ||
| Q2 24 | 11.7% | 1.2% |
现金转化率LBRTMSCI
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 1.76× | ||
| Q3 25 | 1.20× | 1.38× | ||
| Q2 25 | 2.40× | 1.11× | ||
| Q1 25 | 9.55× | 1.05× | ||
| Q4 24 | 3.42× | 1.41× | ||
| Q3 24 | 3.31× | 1.50× | ||
| Q2 24 | 2.29× | 1.31× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LBRT
暂无分部数据
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
