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Side-by-side financial comparison of CNA FINANCIAL CORP (CNA) 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 $389.0M, roughly 1.9× CNA FINANCIAL CORP). CNA FINANCIAL CORP runs the higher net margin — 77.6% vs 10.2%, a 67.4% gap on every dollar of revenue. On growth, Installed Building Products, Inc. posted the faster year-over-year revenue change (-0.4% vs -2.0%). CNA FINANCIAL CORP produced more free cash flow last quarter ($542.0M vs $49.3M). Over the past eight quarters, Installed Building Products, Inc.'s revenue compounded faster (3.9% CAGR vs -2.2%).

CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.

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.

CNA vs IBP — Head-to-Head

Bigger by revenue
IBP
IBP
1.9× larger
IBP
$747.5M
$389.0M
CNA
Growing faster (revenue YoY)
IBP
IBP
+1.7% gap
IBP
-0.4%
-2.0%
CNA
Higher net margin
CNA
CNA
67.4% more per $
CNA
77.6%
10.2%
IBP
More free cash flow
CNA
CNA
$492.7M more FCF
CNA
$542.0M
$49.3M
IBP
Faster 2-yr revenue CAGR
IBP
IBP
Annualised
IBP
3.9%
-2.2%
CNA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNA
CNA
IBP
IBP
Revenue
$389.0M
$747.5M
Net Profit
$302.0M
$76.6M
Gross Margin
35.0%
Operating Margin
97.2%
14.6%
Net Margin
77.6%
10.2%
Revenue YoY
-2.0%
-0.4%
Net Profit YoY
1338.1%
14.5%
EPS (diluted)
$1.11
$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.

Revenue
CNA
CNA
IBP
IBP
Q4 25
$389.0M
$747.5M
Q3 25
$393.0M
$778.2M
Q2 25
$398.0M
$760.3M
Q1 25
$397.0M
$684.8M
Q4 24
$397.0M
$750.2M
Q3 24
$401.0M
$760.6M
Q2 24
$404.0M
$737.6M
Q1 24
$407.0M
$692.9M
Net Profit
CNA
CNA
IBP
IBP
Q4 25
$302.0M
$76.6M
Q3 25
$403.0M
$74.4M
Q2 25
$299.0M
$69.0M
Q1 25
$274.0M
$45.4M
Q4 24
$21.0M
$66.9M
Q3 24
$283.0M
$68.6M
Q2 24
$317.0M
$65.2M
Q1 24
$338.0M
$55.9M
Gross Margin
CNA
CNA
IBP
IBP
Q4 25
35.0%
Q3 25
34.0%
Q2 25
34.2%
Q1 25
32.7%
Q4 24
33.6%
Q3 24
33.8%
Q2 24
34.1%
Q1 24
33.8%
Operating Margin
CNA
CNA
IBP
IBP
Q4 25
97.2%
14.6%
Q3 25
13.7%
Q2 25
95.5%
13.3%
Q1 25
87.9%
10.2%
Q4 24
5.3%
13.1%
Q3 24
90.0%
13.3%
Q2 24
99.5%
12.9%
Q1 24
12.7%
Net Margin
CNA
CNA
IBP
IBP
Q4 25
77.6%
10.2%
Q3 25
102.5%
9.6%
Q2 25
75.1%
9.1%
Q1 25
69.0%
6.6%
Q4 24
5.3%
8.9%
Q3 24
70.6%
9.0%
Q2 24
78.5%
8.8%
Q1 24
83.0%
8.1%
EPS (diluted)
CNA
CNA
IBP
IBP
Q4 25
$1.11
$2.81
Q3 25
$1.48
$2.74
Q2 25
$1.10
$2.52
Q1 25
$1.00
$1.64
Q4 24
$0.07
$2.39
Q3 24
$1.04
$2.44
Q2 24
$1.17
$2.30
Q1 24
$1.24
$1.97

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNA
CNA
IBP
IBP
Cash + ST InvestmentsLiquidity on hand
$321.9M
Total DebtLower is stronger
$3.0B
$886.6M
Stockholders' EquityBook value
$11.6B
$709.9M
Total Assets
$69.4B
$2.1B
Debt / EquityLower = less leverage
0.26×
1.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNA
CNA
IBP
IBP
Q4 25
$321.9M
Q3 25
$333.3M
Q2 25
$305.2M
Q1 25
$298.7M
Q4 24
$327.6M
Q3 24
$406.2M
Q2 24
$380.3M
Q1 24
$399.9M
Total Debt
CNA
CNA
IBP
IBP
Q4 25
$3.0B
$886.6M
Q3 25
$880.8M
Q2 25
$876.1M
Q1 25
$872.4M
Q4 24
$3.0B
$874.8M
Q3 24
$872.3M
Q2 24
$875.8M
Q1 24
$875.0M
Stockholders' Equity
CNA
CNA
IBP
IBP
Q4 25
$11.6B
$709.9M
Q3 25
$11.3B
$678.6M
Q2 25
$10.7B
$664.5M
Q1 25
$10.3B
$660.9M
Q4 24
$10.5B
$705.3M
Q3 24
$10.8B
$716.4M
Q2 24
$9.9B
$685.3M
Q1 24
$9.7B
$679.2M
Total Assets
CNA
CNA
IBP
IBP
Q4 25
$69.4B
$2.1B
Q3 25
$69.8B
$2.1B
Q2 25
$68.9B
$2.0B
Q1 25
$67.3B
$2.0B
Q4 24
$66.5B
$2.1B
Q3 24
$67.4B
$2.1B
Q2 24
$65.2B
$2.0B
Q1 24
$65.1B
$2.0B
Debt / Equity
CNA
CNA
IBP
IBP
Q4 25
0.26×
1.25×
Q3 25
1.30×
Q2 25
1.32×
Q1 25
1.32×
Q4 24
0.28×
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
CNA
CNA
IBP
IBP
Operating Cash FlowLast quarter
$570.0M
$64.9M
Free Cash FlowOCF − Capex
$542.0M
$49.3M
FCF MarginFCF / Revenue
139.3%
6.6%
Capex IntensityCapex / Revenue
7.2%
2.1%
Cash ConversionOCF / Net Profit
1.89×
0.85×
TTM Free Cash FlowTrailing 4 quarters
$2.4B
$300.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNA
CNA
IBP
IBP
Q4 25
$570.0M
$64.9M
Q3 25
$720.0M
$124.0M
Q2 25
$562.0M
$90.4M
Q1 25
$638.0M
$92.1M
Q4 24
$703.0M
$74.8M
Q3 24
$748.0M
$101.4M
Q2 24
$616.0M
$79.0M
Q1 24
$504.0M
$84.8M
Free Cash Flow
CNA
CNA
IBP
IBP
Q4 25
$542.0M
$49.3M
Q3 25
$704.0M
$104.8M
Q2 25
$538.0M
$74.8M
Q1 25
$620.0M
$71.9M
Q4 24
$665.0M
$52.9M
Q3 24
$730.0M
$77.3M
Q2 24
$597.0M
$58.2M
Q1 24
$484.0M
$63.0M
FCF Margin
CNA
CNA
IBP
IBP
Q4 25
139.3%
6.6%
Q3 25
179.1%
13.5%
Q2 25
135.2%
9.8%
Q1 25
156.2%
10.5%
Q4 24
167.5%
7.1%
Q3 24
182.0%
10.2%
Q2 24
147.8%
7.9%
Q1 24
118.9%
9.1%
Capex Intensity
CNA
CNA
IBP
IBP
Q4 25
7.2%
2.1%
Q3 25
4.1%
2.5%
Q2 25
6.0%
2.1%
Q1 25
4.5%
2.9%
Q4 24
9.6%
2.9%
Q3 24
4.5%
3.2%
Q2 24
4.7%
2.8%
Q1 24
4.9%
3.1%
Cash Conversion
CNA
CNA
IBP
IBP
Q4 25
1.89×
0.85×
Q3 25
1.79×
1.67×
Q2 25
1.88×
1.31×
Q1 25
2.33×
2.03×
Q4 24
33.48×
1.12×
Q3 24
2.64×
1.48×
Q2 24
1.94×
1.21×
Q1 24
1.49×
1.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CNA
CNA

Segment breakdown not available.

IBP
IBP

Residential New Construction$488.6M65%
Other Customer Installation$67.8M9%
Shower Doors Shelving And Mirrors$53.5M7%
Other Building Products$47.7M6%
Fireproofing And Firestopping$37.6M5%
Rain Gutters$31.3M4%
Window Blinds$18.0M2%
Related Party$6.7M1%

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