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Liberty Energy Inc.（LBRT）与罗塞塔石碑（STEP）财务数据对比。点击上方公司名可切换其他公司
Liberty Energy Inc.的季度营收约是罗塞塔石碑的1.7倍（$1.0B vs $586.5M），Liberty Energy Inc.净利率更高（2.2% vs -21.0%，领先23.3%），罗塞塔石碑同比增速更快（73.0% vs 4.5%），过去两年罗塞塔石碑的营收复合增速更高（28.2% 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。
罗塞塔石碑是美国教育科技软件企业，开发语言学习、读写能力提升及脑训练类软件，旗下语言学习产品知名度极高。2013年公司收购Livemocha、Lexia Learning等品牌拓展教育科技业务矩阵，2021年正式成为IXL Learning的子公司。
LBRT vs STEP — 直观对比
营收规模更大
LBRT
是对方的1.7倍
$586.5M
营收增速更快
STEP
高出68.5%
4.5%
净利率更高
LBRT
高出23.3%
-21.0%
两年增速更快
STEP
近两年复合增速
-6.2%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $586.5M |
| 净利润 | $22.6M | $-123.5M |
| 毛利率 | — | — |
| 营业利润率 | 2.2% | -33.2% |
| 净利率 | 2.2% | -21.0% |
| 营收同比 | 4.5% | 73.0% |
| 净利润同比 | 64.8% | 35.7% |
| 每股收益（稀释后） | $0.14 | $-1.55 |
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LBRTSTEP
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $586.5M | ||
| Q3 25 | $947.4M | $454.2M | ||
| Q2 25 | $1.0B | $364.3M | ||
| Q1 25 | $977.5M | $377.7M | ||
| Q4 24 | $943.6M | $339.0M | ||
| Q3 24 | $1.1B | $271.7M | ||
| Q2 24 | $1.2B | $186.4M |
净利润LBRTSTEP
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $-123.5M | ||
| Q3 25 | $43.1M | $-366.1M | ||
| Q2 25 | $71.0M | $-38.4M | ||
| Q1 25 | $20.1M | $-18.5M | ||
| Q4 24 | $51.9M | $-192.0M | ||
| Q3 24 | $73.8M | $17.6M | ||
| Q2 24 | $108.4M | $13.3M |
毛利率LBRTSTEP
| 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LBRTSTEP
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | -33.2% | ||
| Q3 25 | -0.3% | -148.8% | ||
| Q2 25 | 3.6% | -5.6% | ||
| Q1 25 | 1.9% | 2.6% | ||
| Q4 24 | 2.6% | -101.7% | ||
| Q3 24 | 9.4% | 21.3% | ||
| Q2 24 | 12.2% | 29.4% |
净利率LBRTSTEP
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | -21.0% | ||
| Q3 25 | 4.5% | -80.6% | ||
| Q2 25 | 6.8% | -10.5% | ||
| Q1 25 | 2.1% | -4.9% | ||
| Q4 24 | 5.5% | -56.6% | ||
| Q3 24 | 6.5% | 6.5% | ||
| Q2 24 | 9.3% | 7.2% |
每股收益（稀释后）LBRTSTEP
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $-1.55 | ||
| Q3 25 | $0.26 | $-4.66 | ||
| Q2 25 | $0.43 | $-0.49 | ||
| Q1 25 | $0.12 | $-0.37 | ||
| Q4 24 | $0.31 | $-2.61 | ||
| Q3 24 | $0.44 | $0.26 | ||
| Q2 24 | $0.64 | $0.20 |
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 | — |
| 总债务越低越好 | $7.1M | $270.2M |
| 股东权益账面价值 | $1.9B | $-378.8M |
| 总资产 | $4.4B | $5.2B |
| 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LBRTSTEP
| 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 | — |
总债务LBRTSTEP
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $270.2M | ||
| Q3 25 | — | $269.9M | ||
| Q2 25 | — | $269.6M | ||
| Q1 25 | — | $269.3M | ||
| Q4 24 | $190.5M | $168.9M | ||
| Q3 24 | — | $172.3M | ||
| Q2 24 | — | $172.1M |
股东权益LBRTSTEP
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $-378.8M | ||
| Q3 25 | $2.1B | $-233.5M | ||
| Q2 25 | $2.0B | $153.9M | ||
| Q1 25 | $2.0B | $179.4M | ||
| Q4 24 | $2.0B | $209.8M | ||
| Q3 24 | $2.0B | $397.5M | ||
| Q2 24 | $1.9B | $366.9M |
总资产LBRTSTEP
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $5.2B | ||
| Q3 25 | $3.5B | $5.3B | ||
| Q2 25 | $3.4B | $4.8B | ||
| Q1 25 | $3.4B | $4.6B | ||
| Q4 24 | $3.3B | $4.3B | ||
| Q3 24 | $3.3B | $4.0B | ||
| Q2 24 | $3.2B | $3.8B |
负债/权益比LBRTSTEP
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | 0.10× | 0.81× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.47× |
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 | — | $27.2M |
| 自由现金流经营现金流 - 资本支出 | — | $26.7M |
| 自由现金流率自由现金流/营收 | — | 4.6% |
| 资本支出强度资本支出/营收 | 13.1% | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $18.6M |
8季度趋势，按日历期对齐
经营现金流LBRTSTEP
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $27.2M | ||
| Q3 25 | $51.5M | $16.2M | ||
| Q2 25 | $170.6M | $46.3M | ||
| Q1 25 | $192.1M | $-66.5M | ||
| Q4 24 | $177.3M | $27.6M | ||
| Q3 24 | $244.5M | $53.7M | ||
| Q2 24 | $248.2M | $50.2M |
自由现金流LBRTSTEP
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $26.7M | ||
| Q3 25 | $-67.2M | $15.9M | ||
| Q2 25 | $33.1M | $45.2M | ||
| Q1 25 | $58.2M | $-69.2M | ||
| Q4 24 | $-26.2M | $27.0M | ||
| Q3 24 | $77.9M | $52.4M | ||
| Q2 24 | $112.2M | $49.6M |
自由现金流率LBRTSTEP
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 4.6% | ||
| Q3 25 | -7.1% | 3.5% | ||
| Q2 25 | 3.2% | 12.4% | ||
| Q1 25 | 6.0% | -18.3% | ||
| Q4 24 | -2.8% | 8.0% | ||
| Q3 24 | 6.8% | 19.3% | ||
| Q2 24 | 9.7% | 26.6% |
资本支出强度LBRTSTEP
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 0.1% | ||
| Q3 25 | 12.5% | 0.1% | ||
| Q2 25 | 13.2% | 0.3% | ||
| Q1 25 | 13.7% | 0.7% | ||
| Q4 24 | 21.6% | 0.2% | ||
| Q3 24 | 14.6% | 0.5% | ||
| Q2 24 | 11.7% | 0.3% |
现金转化率LBRTSTEP
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 2.40× | — | ||
| Q1 25 | 9.55× | — | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 3.31× | 3.05× | ||
| Q2 24 | 2.29× | 3.76× |
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
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
