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Side-by-side financial comparison of BELDEN INC. (BDC) 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 $696.4M, roughly 1.1× BELDEN INC.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 7.3%, a 2.9% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs -0.4%). Installed Building Products, Inc. produced more free cash flow last quarter ($49.3M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs 3.9%).
Belden Inc. is an American, multinational, publicly traded company specializing in the design, manufacture, and distribution of end-to-end networking, security and connectivity products. The company serves the Industrial Automation Solutions, Smart Buildings and Broadband & 5G markets.
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.
BDC vs IBP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $747.5M |
| Net Profit | $51.0M | $76.6M |
| Gross Margin | 37.1% | 35.0% |
| Operating Margin | 11.2% | 14.6% |
| Net Margin | 7.3% | 10.2% |
| Revenue YoY | 11.4% | -0.4% |
| Net Profit YoY | -1.8% | 14.5% |
| EPS (diluted) | $1.30 | $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.
| Q1 26 | $696.4M | — | ||
| Q4 25 | $720.1M | $747.5M | ||
| Q3 25 | $698.2M | $778.2M | ||
| Q2 25 | $672.0M | $760.3M | ||
| Q1 25 | $624.9M | $684.8M | ||
| Q4 24 | $666.0M | $750.2M | ||
| Q3 24 | $654.9M | $760.6M | ||
| Q2 24 | $604.3M | $737.6M |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $76.6M | ||
| Q3 25 | $56.7M | $74.4M | ||
| Q2 25 | $61.0M | $69.0M | ||
| Q1 25 | $51.9M | $45.4M | ||
| Q4 24 | $58.4M | $66.9M | ||
| Q3 24 | $53.7M | $68.6M | ||
| Q2 24 | $49.0M | $65.2M |
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | 35.0% | ||
| Q3 25 | 37.7% | 34.0% | ||
| Q2 25 | 38.5% | 34.2% | ||
| Q1 25 | 39.3% | 32.7% | ||
| Q4 24 | 37.5% | 33.6% | ||
| Q3 24 | 37.3% | 33.8% | ||
| Q2 24 | 37.5% | 34.1% |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 14.6% | ||
| Q3 25 | 10.9% | 13.7% | ||
| Q2 25 | 11.8% | 13.3% | ||
| Q1 25 | 11.6% | 10.2% | ||
| Q4 24 | 10.4% | 13.1% | ||
| Q3 24 | 11.5% | 13.3% | ||
| Q2 24 | 11.4% | 12.9% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 10.2% | ||
| Q3 25 | 8.1% | 9.6% | ||
| Q2 25 | 9.1% | 9.1% | ||
| Q1 25 | 8.3% | 6.6% | ||
| Q4 24 | 8.8% | 8.9% | ||
| Q3 24 | 8.2% | 9.0% | ||
| Q2 24 | 8.1% | 8.8% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $2.81 | ||
| Q3 25 | $1.41 | $2.74 | ||
| Q2 25 | $1.53 | $2.52 | ||
| Q1 25 | $1.27 | $1.64 | ||
| Q4 24 | $1.41 | $2.39 | ||
| Q3 24 | $1.30 | $2.44 | ||
| Q2 24 | $1.19 | $2.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $272.2M | $321.9M |
| Total DebtLower is stronger | $1.3B | $886.6M |
| Stockholders' EquityBook value | $1.3B | $709.9M |
| Total Assets | — | $2.1B |
| Debt / EquityLower = less leverage | 0.98× | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $321.9M | ||
| Q3 25 | $314.3M | $333.3M | ||
| Q2 25 | $301.5M | $305.2M | ||
| Q1 25 | $259.0M | $298.7M | ||
| Q4 24 | $370.3M | $327.6M | ||
| Q3 24 | $323.0M | $406.2M | ||
| Q2 24 | $564.8M | $380.3M |
| Q1 26 | $1.3B | — | ||
| 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 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $709.9M | ||
| Q3 25 | $1.2B | $678.6M | ||
| Q2 25 | $1.2B | $664.5M | ||
| Q1 25 | $1.2B | $660.9M | ||
| Q4 24 | $1.3B | $705.3M | ||
| Q3 24 | $1.2B | $716.4M | ||
| Q2 24 | $1.2B | $685.3M |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $2.1B | ||
| Q3 25 | $3.4B | $2.1B | ||
| Q2 25 | $3.4B | $2.0B | ||
| Q1 25 | $3.3B | $2.0B | ||
| Q4 24 | $3.3B | $2.1B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $3.5B | $2.0B |
| Q1 26 | 0.98× | — | ||
| 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× |
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 | — | $64.9M |
| Free Cash FlowOCF − Capex | $-63.1M | $49.3M |
| FCF MarginFCF / Revenue | -9.1% | 6.6% |
| Capex IntensityCapex / Revenue | 6.4% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $64.9M | ||
| Q3 25 | $105.0M | $124.0M | ||
| Q2 25 | $82.0M | $90.4M | ||
| Q1 25 | $7.4M | $92.1M | ||
| Q4 24 | $174.7M | $74.8M | ||
| Q3 24 | $91.7M | $101.4M | ||
| Q2 24 | $83.0M | $79.0M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $49.3M | ||
| Q3 25 | $65.3M | $104.8M | ||
| Q2 25 | $56.9M | $74.8M | ||
| Q1 25 | $-24.8M | $71.9M | ||
| Q4 24 | $116.4M | $52.9M | ||
| Q3 24 | $67.2M | $77.3M | ||
| Q2 24 | $61.0M | $58.2M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 6.6% | ||
| Q3 25 | 9.4% | 13.5% | ||
| Q2 25 | 8.5% | 9.8% | ||
| Q1 25 | -4.0% | 10.5% | ||
| Q4 24 | 17.5% | 7.1% | ||
| Q3 24 | 10.3% | 10.2% | ||
| Q2 24 | 10.1% | 7.9% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 2.1% | ||
| Q3 25 | 5.7% | 2.5% | ||
| Q2 25 | 3.7% | 2.1% | ||
| Q1 25 | 5.2% | 2.9% | ||
| Q4 24 | 8.8% | 2.9% | ||
| Q3 24 | 3.7% | 3.2% | ||
| Q2 24 | 3.6% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 0.85× | ||
| Q3 25 | 1.85× | 1.67× | ||
| Q2 25 | 1.34× | 1.31× | ||
| Q1 25 | 0.14× | 2.03× | ||
| Q4 24 | 2.99× | 1.12× | ||
| Q3 24 | 1.71× | 1.48× | ||
| Q2 24 | 1.69× | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
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% |
