vs
Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and Installed Building Products, Inc. (IBP). Click either name above to swap in a different company.
Installed Building Products, Inc. is the larger business by last-quarter revenue ($747.5M vs $564.0M, roughly 1.3× American Healthcare REIT, Inc.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 1.9%, a 8.3% gap on every dollar of revenue. On growth, American Healthcare REIT, Inc. posted the faster year-over-year revenue change (13.5% vs -0.4%). Over the past eight quarters, American Healthcare REIT, Inc.'s revenue compounded faster (11.7% CAGR vs 3.9%).
Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...
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.
AHR vs IBP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $564.0M | $747.5M |
| Net Profit | $10.8M | $76.6M |
| Gross Margin | 14.8% | 35.0% |
| Operating Margin | 19.8% | 14.6% |
| Net Margin | 1.9% | 10.2% |
| Revenue YoY | 13.5% | -0.4% |
| Net Profit YoY | 133.9% | 14.5% |
| EPS (diluted) | $0.07 | $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 | $564.0M | $747.5M | ||
| Q3 25 | $532.1M | $778.2M | ||
| Q2 25 | $501.3M | $760.3M | ||
| Q1 25 | $497.2M | $684.8M | ||
| Q4 24 | $496.8M | $750.2M | ||
| Q3 24 | $476.8M | $760.6M | ||
| Q2 24 | $458.0M | $737.6M | ||
| Q1 24 | $452.1M | $692.9M |
| Q4 25 | $10.8M | $76.6M | ||
| Q3 25 | $55.9M | $74.4M | ||
| Q2 25 | $9.9M | $69.0M | ||
| Q1 25 | $-6.8M | $45.4M | ||
| Q4 24 | $-31.8M | $66.9M | ||
| Q3 24 | $-4.1M | $68.6M | ||
| Q2 24 | $2.0M | $65.2M | ||
| Q1 24 | $-3.9M | $55.9M |
| Q4 25 | 14.8% | 35.0% | ||
| Q3 25 | 14.6% | 34.0% | ||
| Q2 25 | 15.0% | 34.2% | ||
| Q1 25 | 13.0% | 32.7% | ||
| Q4 24 | 13.3% | 33.6% | ||
| Q3 24 | 12.5% | 33.8% | ||
| Q2 24 | 12.1% | 34.1% | ||
| Q1 24 | 10.7% | 33.8% |
| Q4 25 | 19.8% | 14.6% | ||
| Q3 25 | 19.9% | 13.7% | ||
| Q2 25 | 20.6% | 13.3% | ||
| Q1 25 | 19.0% | 10.2% | ||
| Q4 24 | 20.0% | 13.1% | ||
| Q3 24 | 19.6% | 13.3% | ||
| Q2 24 | 19.4% | 12.9% | ||
| Q1 24 | 18.2% | 12.7% |
| Q4 25 | 1.9% | 10.2% | ||
| Q3 25 | 10.5% | 9.6% | ||
| Q2 25 | 2.0% | 9.1% | ||
| Q1 25 | -1.4% | 6.6% | ||
| Q4 24 | -6.4% | 8.9% | ||
| Q3 24 | -0.9% | 9.0% | ||
| Q2 24 | 0.4% | 8.8% | ||
| Q1 24 | -0.9% | 8.1% |
| Q4 25 | $0.07 | $2.81 | ||
| Q3 25 | $0.33 | $2.74 | ||
| Q2 25 | $0.06 | $2.52 | ||
| Q1 25 | $-0.04 | $1.64 | ||
| Q4 24 | $-0.23 | $2.39 | ||
| Q3 24 | $-0.03 | $2.44 | ||
| Q2 24 | $0.01 | $2.30 | ||
| Q1 24 | $-0.04 | $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 | $114.8M | $321.9M |
| Total DebtLower is stronger | — | $886.6M |
| Stockholders' EquityBook value | $3.3B | $709.9M |
| Total Assets | $5.4B | $2.1B |
| Debt / EquityLower = less leverage | — | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.8M | $321.9M | ||
| Q3 25 | $147.4M | $333.3M | ||
| Q2 25 | $133.5M | $305.2M | ||
| Q1 25 | $86.1M | $298.7M | ||
| Q4 24 | $76.7M | $327.6M | ||
| Q3 24 | $67.8M | $406.2M | ||
| Q2 24 | $52.1M | $380.3M | ||
| Q1 24 | $77.0M | $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 | $3.3B | $709.9M | ||
| Q3 25 | $2.7B | $678.6M | ||
| Q2 25 | $2.4B | $664.5M | ||
| Q1 25 | $2.3B | $660.9M | ||
| Q4 24 | $2.3B | $705.3M | ||
| Q3 24 | $2.2B | $716.4M | ||
| Q2 24 | $1.9B | $685.3M | ||
| Q1 24 | $2.0B | $679.2M |
| Q4 25 | $5.4B | $2.1B | ||
| Q3 25 | $4.8B | $2.1B | ||
| Q2 25 | $4.5B | $2.0B | ||
| Q1 25 | $4.5B | $2.0B | ||
| Q4 24 | $4.5B | $2.1B | ||
| Q3 24 | $4.7B | $2.1B | ||
| Q2 24 | $4.6B | $2.0B | ||
| Q1 24 | $4.7B | $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 | $55.2M | $64.9M |
| Free Cash FlowOCF − Capex | — | $49.3M |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | 5.12× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.2M | $64.9M | ||
| Q3 25 | $107.2M | $124.0M | ||
| Q2 25 | $71.5M | $90.4M | ||
| Q1 25 | $60.6M | $92.1M | ||
| Q4 24 | $59.5M | $74.8M | ||
| Q3 24 | $63.1M | $101.4M | ||
| Q2 24 | $59.4M | $79.0M | ||
| Q1 24 | $-6.0M | $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 | 5.12× | 0.85× | ||
| Q3 25 | 1.92× | 1.67× | ||
| Q2 25 | 7.21× | 1.31× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | 30.02× | 1.21× | ||
| Q1 24 | — | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHR
| Integrated Senior Health Campuses | $467.0M | 83% |
| SHOP | $97.0M | 17% |
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% |
