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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) 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 $487.7M, roughly 1.5× CLOVER HEALTH INVESTMENTS, CORP.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs -10.1%, a 20.4% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs -0.4%). Installed Building Products, Inc. produced more free cash flow last quarter ($49.3M vs $-69.0M). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 3.9%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
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.
CLOV vs IBP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $747.5M |
| Net Profit | $-49.3M | $76.6M |
| Gross Margin | — | 35.0% |
| Operating Margin | -10.1% | 14.6% |
| Net Margin | -10.1% | 10.2% |
| Revenue YoY | 44.7% | -0.4% |
| Net Profit YoY | -123.2% | 14.5% |
| EPS (diluted) | — | $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 | $487.7M | $747.5M | ||
| Q3 25 | $496.6M | $778.2M | ||
| Q2 25 | $477.6M | $760.3M | ||
| Q1 25 | $462.3M | $684.8M | ||
| Q4 24 | $337.0M | $750.2M | ||
| Q3 24 | $331.0M | $760.6M | ||
| Q2 24 | $356.3M | $737.6M | ||
| Q1 24 | $346.9M | $692.9M |
| Q4 25 | $-49.3M | $76.6M | ||
| Q3 25 | $-24.4M | $74.4M | ||
| Q2 25 | $-10.6M | $69.0M | ||
| Q1 25 | $-1.3M | $45.4M | ||
| Q4 24 | $-22.1M | $66.9M | ||
| Q3 24 | $-9.2M | $68.6M | ||
| Q2 24 | $7.4M | $65.2M | ||
| Q1 24 | $-19.2M | $55.9M |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 34.2% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | 24.5% | 33.8% | ||
| Q2 24 | 30.3% | 34.1% | ||
| Q1 24 | 23.6% | 33.8% |
| Q4 25 | -10.1% | 14.6% | ||
| Q3 25 | -4.9% | 13.7% | ||
| Q2 25 | -2.2% | 13.3% | ||
| Q1 25 | -0.3% | 10.2% | ||
| Q4 24 | -6.4% | 13.1% | ||
| Q3 24 | -2.7% | 13.3% | ||
| Q2 24 | 2.0% | 12.9% | ||
| Q1 24 | -6.5% | 12.7% |
| Q4 25 | -10.1% | 10.2% | ||
| Q3 25 | -4.9% | 9.6% | ||
| Q2 25 | -2.2% | 9.1% | ||
| Q1 25 | -0.3% | 6.6% | ||
| Q4 24 | -6.6% | 8.9% | ||
| Q3 24 | -2.8% | 9.0% | ||
| Q2 24 | 2.1% | 8.8% | ||
| Q1 24 | -5.5% | 8.1% |
| Q4 25 | — | $2.81 | ||
| Q3 25 | — | $2.74 | ||
| Q2 25 | — | $2.52 | ||
| Q1 25 | — | $1.64 | ||
| Q4 24 | — | $2.39 | ||
| Q3 24 | — | $2.44 | ||
| Q2 24 | — | $2.30 | ||
| Q1 24 | — | $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 | $78.3M | $321.9M |
| Total DebtLower is stronger | — | $886.6M |
| Stockholders' EquityBook value | $308.7M | $709.9M |
| Total Assets | $541.0M | $2.1B |
| Debt / EquityLower = less leverage | — | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.3M | $321.9M | ||
| Q3 25 | — | $333.3M | ||
| Q2 25 | — | $305.2M | ||
| Q1 25 | — | $298.7M | ||
| Q4 24 | $194.5M | $327.6M | ||
| Q3 24 | $288.0M | $406.2M | ||
| Q2 24 | $254.8M | $380.3M | ||
| Q1 24 | $208.3M | $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 | $308.7M | $709.9M | ||
| Q3 25 | $340.9M | $678.6M | ||
| Q2 25 | $344.2M | $664.5M | ||
| Q1 25 | $336.1M | $660.9M | ||
| Q4 24 | $341.1M | $705.3M | ||
| Q3 24 | $342.2M | $716.4M | ||
| Q2 24 | $324.9M | $685.3M | ||
| Q1 24 | $292.5M | $679.2M |
| Q4 25 | $541.0M | $2.1B | ||
| Q3 25 | $559.7M | $2.1B | ||
| Q2 25 | $575.0M | $2.0B | ||
| Q1 25 | $583.7M | $2.0B | ||
| Q4 24 | $580.7M | $2.1B | ||
| Q3 24 | $653.0M | $2.1B | ||
| Q2 24 | $674.2M | $2.0B | ||
| Q1 24 | $671.8M | $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 | $-66.9M | $64.9M |
| Free Cash FlowOCF − Capex | $-69.0M | $49.3M |
| FCF MarginFCF / Revenue | -14.1% | 6.6% |
| Capex IntensityCapex / Revenue | 0.4% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $-69.2M | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-66.9M | $64.9M | ||
| Q3 25 | $12.1M | $124.0M | ||
| Q2 25 | $5.4M | $90.4M | ||
| Q1 25 | $-16.3M | $92.1M | ||
| Q4 24 | $34.8M | $74.8M | ||
| Q3 24 | $50.0M | $101.4M | ||
| Q2 24 | $44.8M | $79.0M | ||
| Q1 24 | $25.9M | $84.8M |
| Q4 25 | $-69.0M | $49.3M | ||
| Q3 25 | $11.4M | $104.8M | ||
| Q2 25 | $4.8M | $74.8M | ||
| Q1 25 | $-16.5M | $71.9M | ||
| Q4 24 | $33.3M | $52.9M | ||
| Q3 24 | $49.6M | $77.3M | ||
| Q2 24 | $44.4M | $58.2M | ||
| Q1 24 | $25.5M | $63.0M |
| Q4 25 | -14.1% | 6.6% | ||
| Q3 25 | 2.3% | 13.5% | ||
| Q2 25 | 1.0% | 9.8% | ||
| Q1 25 | -3.6% | 10.5% | ||
| Q4 24 | 9.9% | 7.1% | ||
| Q3 24 | 15.0% | 10.2% | ||
| Q2 24 | 12.5% | 7.9% | ||
| Q1 24 | 7.3% | 9.1% |
| Q4 25 | 0.4% | 2.1% | ||
| Q3 25 | 0.1% | 2.5% | ||
| Q2 25 | 0.1% | 2.1% | ||
| Q1 25 | 0.0% | 2.9% | ||
| Q4 24 | 0.5% | 2.9% | ||
| Q3 24 | 0.1% | 3.2% | ||
| Q2 24 | 0.1% | 2.8% | ||
| Q1 24 | 0.1% | 3.1% |
| Q4 25 | — | 0.85× | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | 6.04× | 1.21× | ||
| Q1 24 | — | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLOV
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% |
