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Side-by-side financial comparison of Chefs' Warehouse, Inc. (CHEF) and Installed Building Products, Inc. (IBP). Click either name above to swap in a different company.
Chefs' Warehouse, Inc. is the larger business by last-quarter revenue ($1.1B vs $747.5M, roughly 1.5× Installed Building Products, 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, Chefs' Warehouse, Inc. posted the faster year-over-year revenue change (10.5% vs -0.4%). Chefs' Warehouse, Inc. produced more free cash flow last quarter ($65.8M vs $49.3M). Over the past eight quarters, Chefs' Warehouse, Inc.'s revenue compounded faster (14.3% CAGR vs 3.9%).
Chefs' Warehouse, Inc. is a leading North American specialty food distributor that primarily serves independent restaurants, fine dining venues, hotels, catering firms, and other foodservice operators. It offers a curated portfolio of over 150,000 products including artisanal ingredients, specialty meats, seafood, dairy, pastries, and imported gourmet goods tailored for professional chefs.
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.
CHEF vs IBP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $747.5M |
| Net Profit | $21.7M | $76.6M |
| Gross Margin | 24.2% | 35.0% |
| Operating Margin | 3.8% | 14.6% |
| Net Margin | 1.9% | 10.2% |
| Revenue YoY | 10.5% | -0.4% |
| Net Profit YoY | -9.4% | 14.5% |
| EPS (diluted) | $0.50 | $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 | $1.1B | $747.5M | ||
| Q3 25 | $1.0B | $778.2M | ||
| Q2 25 | $1.0B | $760.3M | ||
| Q1 25 | $950.7M | $684.8M | ||
| Q4 24 | $1.0B | $750.2M | ||
| Q3 24 | $931.5M | $760.6M | ||
| Q2 24 | $954.7M | $737.6M | ||
| Q1 24 | $874.5M | $692.9M |
| Q4 25 | $21.7M | $76.6M | ||
| Q3 25 | $19.1M | $74.4M | ||
| Q2 25 | $21.2M | $69.0M | ||
| Q1 25 | $10.3M | $45.4M | ||
| Q4 24 | $23.9M | $66.9M | ||
| Q3 24 | $14.1M | $68.6M | ||
| Q2 24 | $15.5M | $65.2M | ||
| Q1 24 | $1.9M | $55.9M |
| Q4 25 | 24.2% | 35.0% | ||
| Q3 25 | 24.2% | 34.0% | ||
| Q2 25 | 24.6% | 34.2% | ||
| Q1 25 | 23.8% | 32.7% | ||
| Q4 24 | 24.3% | 33.6% | ||
| Q3 24 | 24.1% | 33.8% | ||
| Q2 24 | 24.0% | 34.1% | ||
| Q1 24 | 23.9% | 33.8% |
| Q4 25 | 3.8% | 14.6% | ||
| Q3 25 | 3.8% | 13.7% | ||
| Q2 25 | 3.9% | 13.3% | ||
| Q1 25 | 2.4% | 10.2% | ||
| Q4 24 | 4.5% | 13.1% | ||
| Q3 24 | 3.4% | 13.3% | ||
| Q2 24 | 3.5% | 12.9% | ||
| Q1 24 | 1.8% | 12.7% |
| Q4 25 | 1.9% | 10.2% | ||
| Q3 25 | 1.9% | 9.6% | ||
| Q2 25 | 2.1% | 9.1% | ||
| Q1 25 | 1.1% | 6.6% | ||
| Q4 24 | 2.3% | 8.9% | ||
| Q3 24 | 1.5% | 9.0% | ||
| Q2 24 | 1.6% | 8.8% | ||
| Q1 24 | 0.2% | 8.1% |
| Q4 25 | $0.50 | $2.81 | ||
| Q3 25 | $0.44 | $2.74 | ||
| Q2 25 | $0.49 | $2.52 | ||
| Q1 25 | $0.25 | $1.64 | ||
| Q4 24 | $0.56 | $2.39 | ||
| Q3 24 | $0.34 | $2.44 | ||
| Q2 24 | $0.37 | $2.30 | ||
| Q1 24 | $0.05 | $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 | $121.0M | $321.9M |
| Total DebtLower is stronger | $720.3M | $886.6M |
| Stockholders' EquityBook value | $604.3M | $709.9M |
| Total Assets | $2.0B | $2.1B |
| Debt / EquityLower = less leverage | 1.19× | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0M | $321.9M | ||
| Q3 25 | $65.1M | $333.3M | ||
| Q2 25 | $96.9M | $305.2M | ||
| Q1 25 | $116.5M | $298.7M | ||
| Q4 24 | $114.7M | $327.6M | ||
| Q3 24 | $50.7M | $406.2M | ||
| Q2 24 | $38.3M | $380.3M | ||
| Q1 24 | $42.3M | $399.9M |
| Q4 25 | $720.3M | $886.6M | ||
| Q3 25 | $711.7M | $880.8M | ||
| Q2 25 | $690.2M | $876.1M | ||
| Q1 25 | $681.1M | $872.4M | ||
| Q4 24 | $688.7M | $874.8M | ||
| Q3 24 | $666.6M | $872.3M | ||
| Q2 24 | $660.8M | $875.8M | ||
| Q1 24 | $667.3M | $875.0M |
| Q4 25 | $604.3M | $709.9M | ||
| Q3 25 | $576.6M | $678.6M | ||
| Q2 25 | $557.7M | $664.5M | ||
| Q1 25 | $541.6M | $660.9M | ||
| Q4 24 | $537.6M | $705.3M | ||
| Q3 24 | $480.3M | $716.4M | ||
| Q2 24 | $461.9M | $685.3M | ||
| Q1 24 | $447.8M | $679.2M |
| Q4 25 | $2.0B | $2.1B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.8B | $2.0B | ||
| Q4 24 | $1.9B | $2.1B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.7B | $2.0B | ||
| Q1 24 | $1.7B | $2.0B |
| Q4 25 | 1.19× | 1.25× | ||
| Q3 25 | 1.23× | 1.30× | ||
| Q2 25 | 1.24× | 1.32× | ||
| Q1 25 | 1.26× | 1.32× | ||
| Q4 24 | 1.28× | 1.24× | ||
| Q3 24 | 1.39× | 1.22× | ||
| Q2 24 | 1.43× | 1.28× | ||
| Q1 24 | 1.49× | 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 | $73.9M | $64.9M |
| Free Cash FlowOCF − Capex | $65.8M | $49.3M |
| FCF MarginFCF / Revenue | 5.8% | 6.6% |
| Capex IntensityCapex / Revenue | 0.7% | 2.1% |
| Cash ConversionOCF / Net Profit | 3.41× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $87.8M | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.9M | $64.9M | ||
| Q3 25 | $-8.7M | $124.0M | ||
| Q2 25 | $14.5M | $90.4M | ||
| Q1 25 | $49.6M | $92.1M | ||
| Q4 24 | $73.0M | $74.8M | ||
| Q3 24 | $19.8M | $101.4M | ||
| Q2 24 | $29.3M | $79.0M | ||
| Q1 24 | $30.9M | $84.8M |
| Q4 25 | $65.8M | $49.3M | ||
| Q3 25 | $-19.7M | $104.8M | ||
| Q2 25 | $4.5M | $74.8M | ||
| Q1 25 | $37.2M | $71.9M | ||
| Q4 24 | $64.6M | $52.9M | ||
| Q3 24 | $11.8M | $77.3M | ||
| Q2 24 | $13.3M | $58.2M | ||
| Q1 24 | $13.8M | $63.0M |
| Q4 25 | 5.8% | 6.6% | ||
| Q3 25 | -1.9% | 13.5% | ||
| Q2 25 | 0.4% | 9.8% | ||
| Q1 25 | 3.9% | 10.5% | ||
| Q4 24 | 6.3% | 7.1% | ||
| Q3 24 | 1.3% | 10.2% | ||
| Q2 24 | 1.4% | 7.9% | ||
| Q1 24 | 1.6% | 9.1% |
| Q4 25 | 0.7% | 2.1% | ||
| Q3 25 | 1.1% | 2.5% | ||
| Q2 25 | 1.0% | 2.1% | ||
| Q1 25 | 1.3% | 2.9% | ||
| Q4 24 | 0.8% | 2.9% | ||
| Q3 24 | 0.9% | 3.2% | ||
| Q2 24 | 1.7% | 2.8% | ||
| Q1 24 | 2.0% | 3.1% |
| Q4 25 | 3.41× | 0.85× | ||
| Q3 25 | -0.46× | 1.67× | ||
| Q2 25 | 0.68× | 1.31× | ||
| Q1 25 | 4.82× | 2.03× | ||
| Q4 24 | 3.05× | 1.12× | ||
| Q3 24 | 1.41× | 1.48× | ||
| Q2 24 | 1.89× | 1.21× | ||
| Q1 24 | 16.00× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHEF
| Center Of The Plate Product | $459.1M | 40% |
| Dry Goods Product | $175.7M | 15% |
| Pastry Product | $160.5M | 14% |
| Produce | $147.9M | 13% |
| Cheese And Charcuterie Product | $75.3M | 7% |
| Dairy And Eggs Product | $69.2M | 6% |
| Oils And Vinegar Product | $32.4M | 3% |
| Kitchen Supplies Product | $22.4M | 2% |
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% |
