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Liberty Energy vs ProFrac Holding: LBRT and ACDC compared
Liberty Energy is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $511M for ProFrac Holding (Q3 2026). ProFrac Holding is growing faster (+27% against +26% a year earlier). Liberty Energy is more profitable, with an operating margin of 1.6% against -6.7%.
Where the money goes: LBRT and ACDC
Liberty Energy (LBRT) · Q3 2026
Liberty Energy, Q3 2026: revenue $1.2B (+26% year over year), operating margin 1.6%, net loss $39.1M, operating cash flow $223M. The chart follows the revenue to costs, profit and cash.
ProFrac Holding (ACDC) · Q3 2026
ProFrac Holding, Q3 2026: revenue $511M (+27% year over year), operating margin -6.7%, net loss $74.0M, operating cash flow $51.1M. The chart follows the revenue to costs, profit and cash.
| Liberty Energy (LBRT) | ProFrac Holding (ACDC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.2B | $511M |
| Revenue growth, Y/Y | +26% | +27% |
| Operating margin | 1.6% | -6.7% |
| Net earnings | −$39.1M | −$74.0M |
| Net margin | -3.3% | -14.5% |
| Operating cash flow | $223M | $51.1M |
| Free cash flow | — | $13.5M |
| Market value | $1.9B | $547M |
| P/E | 49.7× | — |
| Analysts’ mean target | $26.79 | $5.49 |
Where the revenue comes from
ProFrac Holding
- Service: $432M (84%)
- Product: $79.6M (16%)
Questions
Which is bigger, Liberty Energy or ProFrac Holding?
Liberty Energy is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $511M for ProFrac Holding (Q3 2026).
Is Liberty Energy or ProFrac Holding growing faster?
ProFrac Holding is growing faster (+27% against +26% a year earlier).
Which is more profitable, Liberty Energy or ProFrac Holding?
Liberty Energy is more profitable, with an operating margin of 1.6% against -6.7%.
More: Liberty Energy earnings · how Liberty Energy makes money · ProFrac Holding earnings · how ProFrac Holding makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 22, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.