vs
Side-by-side financial comparison of Automatic Data Processing (ADP) and Installed Building Products, Inc. (IBP). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.4B vs $747.5M, roughly 7.2× Installed Building Products, Inc.). Automatic Data Processing runs the higher net margin — 19.8% vs 10.2%, a 9.6% gap on every dollar of revenue. On growth, Automatic Data Processing posted the faster year-over-year revenue change (6.2% vs -0.4%). Over the past eight quarters, Installed Building Products, Inc.'s revenue compounded faster (3.9% CAGR vs 1.0%).
Automatic Data Processing, Inc. (ADP) is an American multinational provider of cloud-based human resources management, payroll processing, and professional employer organization (PEO) services, headquartered in Roseland, New Jersey.
Installed Building Products, Inc. is a leading US-based provider of professional installation services for building products. Core offerings include insulation, gutters, garage doors, fire protection systems and window treatments, serving residential new construction, repair & remodel, and commercial construction segments across most US regions.
ADP vs IBP — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $747.5M |
| Net Profit | $1.1B | $76.6M |
| Gross Margin | 46.1% | 35.0% |
| Operating Margin | 25.8% | 14.6% |
| Net Margin | 19.8% | 10.2% |
| Revenue YoY | 6.2% | -0.4% |
| Net Profit YoY | 10.3% | 14.5% |
| EPS (diluted) | $2.62 | $2.81 |
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.
| Q4 25 | $5.4B | $747.5M | ||
| Q3 25 | $5.2B | $778.2M | ||
| Q2 25 | $5.1B | $760.3M | ||
| Q1 25 | $5.6B | $684.8M | ||
| Q4 24 | $5.0B | $750.2M | ||
| Q3 24 | $4.8B | $760.6M | ||
| Q2 24 | $4.8B | $737.6M | ||
| Q1 24 | $5.3B | $692.9M |
| Q4 25 | $1.1B | $76.6M | ||
| Q3 25 | $1.0B | $74.4M | ||
| Q2 25 | $910.7M | $69.0M | ||
| Q1 25 | $1.2B | $45.4M | ||
| Q4 24 | $963.2M | $66.9M | ||
| Q3 24 | $956.3M | $68.6M | ||
| Q2 24 | $829.3M | $65.2M | ||
| Q1 24 | $1.2B | $55.9M |
| Q4 25 | 46.1% | 35.0% | ||
| Q3 25 | 45.2% | 34.0% | ||
| Q2 25 | 45.1% | 34.2% | ||
| Q1 25 | 47.7% | 32.7% | ||
| Q4 24 | 45.7% | 33.6% | ||
| Q3 24 | 45.5% | 33.8% | ||
| Q2 24 | 44.8% | 34.1% | ||
| Q1 24 | 47.3% | 33.8% |
| Q4 25 | 25.8% | 14.6% | ||
| Q3 25 | 25.3% | 13.7% | ||
| Q2 25 | 23.2% | 13.3% | ||
| Q1 25 | 29.2% | 10.2% | ||
| Q4 24 | 25.0% | 13.1% | ||
| Q3 24 | 25.6% | 13.3% | ||
| Q2 24 | 22.8% | 12.9% | ||
| Q1 24 | 29.4% | 12.7% |
| Q4 25 | 19.8% | 10.2% | ||
| Q3 25 | 19.6% | 9.6% | ||
| Q2 25 | 17.8% | 9.1% | ||
| Q1 25 | 22.5% | 6.6% | ||
| Q4 24 | 19.1% | 8.9% | ||
| Q3 24 | 19.8% | 9.0% | ||
| Q2 24 | 17.4% | 8.8% | ||
| Q1 24 | 22.6% | 8.1% |
| Q4 25 | $2.62 | $2.81 | ||
| Q3 25 | $2.49 | $2.74 | ||
| Q2 25 | $2.23 | $2.52 | ||
| Q1 25 | $3.06 | $1.64 | ||
| Q4 24 | $2.35 | $2.39 | ||
| Q3 24 | $2.34 | $2.44 | ||
| Q2 24 | $2.01 | $2.30 | ||
| Q1 24 | $2.88 | $1.97 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.5B | $321.9M |
| Total DebtLower is stronger | — | $886.6M |
| Stockholders' EquityBook value | $6.4B | $709.9M |
| Total Assets | $84.6B | $2.1B |
| Debt / EquityLower = less leverage | — | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.5B | $321.9M | ||
| Q3 25 | $7.9B | $333.3M | ||
| Q2 25 | $7.8B | $305.2M | ||
| Q1 25 | $2.7B | $298.7M | ||
| Q4 24 | $2.2B | $327.6M | ||
| Q3 24 | $7.3B | $406.2M | ||
| Q2 24 | $3.3B | $380.3M | ||
| Q1 24 | $3.3B | $399.9M |
| Q4 25 | — | $886.6M | ||
| Q3 25 | — | $880.8M | ||
| Q2 25 | — | $876.1M | ||
| Q1 25 | — | $872.4M | ||
| Q4 24 | — | $874.8M | ||
| Q3 24 | — | $872.3M | ||
| Q2 24 | — | $875.8M | ||
| Q1 24 | — | $875.0M |
| Q4 25 | $6.4B | $709.9M | ||
| Q3 25 | $6.4B | $678.6M | ||
| Q2 25 | $6.2B | $664.5M | ||
| Q1 25 | $5.9B | $660.9M | ||
| Q4 24 | $5.1B | $705.3M | ||
| Q3 24 | $5.3B | $716.4M | ||
| Q2 24 | $4.5B | $685.3M | ||
| Q1 24 | $4.6B | $679.2M |
| Q4 25 | $84.6B | $2.1B | ||
| Q3 25 | $54.3B | $2.1B | ||
| Q2 25 | $53.4B | $2.0B | ||
| Q1 25 | $56.4B | $2.0B | ||
| Q4 24 | $64.1B | $2.1B | ||
| Q3 24 | $49.5B | $2.1B | ||
| Q2 24 | $54.4B | $2.0B | ||
| Q1 24 | $64.2B | $2.0B |
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.32× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.24× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 1.29× |
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 | $64.9M |
| Free Cash FlowOCF − Capex | — | $49.3M |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | 1.07× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $64.9M | ||
| Q3 25 | $642.3M | $124.0M | ||
| Q2 25 | $1.4B | $90.4M | ||
| Q1 25 | $1.5B | $92.1M | ||
| Q4 24 | $1.2B | $74.8M | ||
| Q3 24 | $824.4M | $101.4M | ||
| Q2 24 | $1.3B | $79.0M | ||
| Q1 24 | $1.5B | $84.8M |
| Q4 25 | — | $49.3M | ||
| Q3 25 | — | $104.8M | ||
| Q2 25 | — | $74.8M | ||
| Q1 25 | — | $71.9M | ||
| Q4 24 | — | $52.9M | ||
| Q3 24 | — | $77.3M | ||
| Q2 24 | — | $58.2M | ||
| Q1 24 | — | $63.0M |
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 10.2% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | — | 9.1% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 3.1% |
| Q4 25 | 1.07× | 0.85× | ||
| Q3 25 | 0.63× | 1.67× | ||
| Q2 25 | 1.58× | 1.31× | ||
| Q1 25 | 1.22× | 2.03× | ||
| Q4 24 | 1.19× | 1.12× | ||
| Q3 24 | 0.86× | 1.48× | ||
| Q2 24 | 1.57× | 1.21× | ||
| Q1 24 | 1.26× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADP
| HCM | $2.2B | 42% |
| PEO Zero Margin Benefits Pass Throughs | $1.1B | 21% |
| HRO | $979.3M | 18% |
| Global | $709.3M | 13% |
| Interest On Funds Held For Clients | $308.6M | 6% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
