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Side-by-side financial comparison of DELUXE CORP (DLX) 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 $535.2M, roughly 1.4× DELUXE CORP). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 2.2%, a 8.0% gap on every dollar of revenue. On growth, DELUXE CORP posted the faster year-over-year revenue change (2.8% vs -0.4%). Over the past eight quarters, Installed Building Products, Inc.'s revenue compounded faster (3.9% CAGR vs 0.0%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
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.
DLX vs IBP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $747.5M |
| Net Profit | $12.0M | $76.6M |
| Gross Margin | 52.2% | 35.0% |
| Operating Margin | 8.9% | 14.6% |
| Net Margin | 2.2% | 10.2% |
| Revenue YoY | 2.8% | -0.4% |
| Net Profit YoY | -5.0% | 14.5% |
| EPS (diluted) | $0.25 | $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 | $535.2M | $747.5M | ||
| Q3 25 | $540.2M | $778.2M | ||
| Q2 25 | $521.3M | $760.3M | ||
| Q1 25 | $536.5M | $684.8M | ||
| Q4 24 | $520.6M | $750.2M | ||
| Q3 24 | $528.4M | $760.6M | ||
| Q2 24 | $537.8M | $737.6M | ||
| Q1 24 | $535.0M | $692.9M |
| Q4 25 | $12.0M | $76.6M | ||
| Q3 25 | $33.7M | $74.4M | ||
| Q2 25 | $22.4M | $69.0M | ||
| Q1 25 | $14.0M | $45.4M | ||
| Q4 24 | $12.6M | $66.9M | ||
| Q3 24 | $8.9M | $68.6M | ||
| Q2 24 | $20.5M | $65.2M | ||
| Q1 24 | $10.8M | $55.9M |
| Q4 25 | 52.2% | 35.0% | ||
| Q3 25 | 53.9% | 34.0% | ||
| Q2 25 | 53.6% | 34.2% | ||
| Q1 25 | 52.4% | 32.7% | ||
| Q4 24 | 52.3% | 33.6% | ||
| Q3 24 | 53.3% | 33.8% | ||
| Q2 24 | 53.7% | 34.1% | ||
| Q1 24 | 53.0% | 33.8% |
| Q4 25 | 8.9% | 14.6% | ||
| Q3 25 | 14.0% | 13.7% | ||
| Q2 25 | 11.7% | 13.3% | ||
| Q1 25 | 9.0% | 10.2% | ||
| Q4 24 | 9.0% | 13.1% | ||
| Q3 24 | 7.9% | 13.3% | ||
| Q2 24 | 11.0% | 12.9% | ||
| Q1 24 | 8.3% | 12.7% |
| Q4 25 | 2.2% | 10.2% | ||
| Q3 25 | 6.2% | 9.6% | ||
| Q2 25 | 4.3% | 9.1% | ||
| Q1 25 | 2.6% | 6.6% | ||
| Q4 24 | 2.4% | 8.9% | ||
| Q3 24 | 1.7% | 9.0% | ||
| Q2 24 | 3.8% | 8.8% | ||
| Q1 24 | 2.0% | 8.1% |
| Q4 25 | $0.25 | $2.81 | ||
| Q3 25 | $0.74 | $2.74 | ||
| Q2 25 | $0.50 | $2.52 | ||
| Q1 25 | $0.31 | $1.64 | ||
| Q4 24 | $0.28 | $2.39 | ||
| Q3 24 | $0.20 | $2.44 | ||
| Q2 24 | $0.46 | $2.30 | ||
| Q1 24 | $0.24 | $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 | $36.9M | $321.9M |
| Total DebtLower is stronger | — | $886.6M |
| Stockholders' EquityBook value | $680.7M | $709.9M |
| Total Assets | $2.9B | $2.1B |
| Debt / EquityLower = less leverage | — | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.9M | $321.9M | ||
| Q3 25 | $25.8M | $333.3M | ||
| Q2 25 | $26.0M | $305.2M | ||
| Q1 25 | $30.3M | $298.7M | ||
| Q4 24 | $34.4M | $327.6M | ||
| Q3 24 | $41.3M | $406.2M | ||
| Q2 24 | $23.1M | $380.3M | ||
| Q1 24 | $23.5M | $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 | $680.7M | $709.9M | ||
| Q3 25 | $664.1M | $678.6M | ||
| Q2 25 | $638.7M | $664.5M | ||
| Q1 25 | $622.5M | $660.9M | ||
| Q4 24 | $620.9M | $705.3M | ||
| Q3 24 | $612.7M | $716.4M | ||
| Q2 24 | $620.5M | $685.3M | ||
| Q1 24 | $608.4M | $679.2M |
| Q4 25 | $2.9B | $2.1B | ||
| Q3 25 | $2.6B | $2.1B | ||
| Q2 25 | $2.5B | $2.0B | ||
| Q1 25 | $2.6B | $2.0B | ||
| Q4 24 | $2.8B | $2.1B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.7B | $2.0B | ||
| Q1 24 | $2.7B | $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 | $102.1M | $64.9M |
| Free Cash FlowOCF − Capex | — | $49.3M |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | 8.53× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $102.1M | $64.9M | ||
| Q3 25 | $67.1M | $124.0M | ||
| Q2 25 | $51.1M | $90.4M | ||
| Q1 25 | $50.3M | $92.1M | ||
| Q4 24 | $60.2M | $74.8M | ||
| Q3 24 | $67.9M | $101.4M | ||
| Q2 24 | $39.6M | $79.0M | ||
| Q1 24 | $26.6M | $84.8M |
| Q4 25 | — | $49.3M | ||
| Q3 25 | — | $104.8M | ||
| Q2 25 | $27.8M | $74.8M | ||
| Q1 25 | $24.3M | $71.9M | ||
| Q4 24 | — | $52.9M | ||
| Q3 24 | $46.7M | $77.3M | ||
| Q2 24 | $11.4M | $58.2M | ||
| Q1 24 | $6.1M | $63.0M |
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | 5.3% | 9.8% | ||
| Q1 25 | 4.5% | 10.5% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | 8.8% | 10.2% | ||
| Q2 24 | 2.1% | 7.9% | ||
| Q1 24 | 1.1% | 9.1% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | 4.5% | 2.1% | ||
| Q1 25 | 4.8% | 2.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | 4.0% | 3.2% | ||
| Q2 24 | 5.2% | 2.8% | ||
| Q1 24 | 3.8% | 3.1% |
| Q4 25 | 8.53× | 0.85× | ||
| Q3 25 | 1.99× | 1.67× | ||
| Q2 25 | 2.28× | 1.31× | ||
| Q1 25 | 3.59× | 2.03× | ||
| Q4 24 | 4.77× | 1.12× | ||
| Q3 24 | 7.60× | 1.48× | ||
| Q2 24 | 1.94× | 1.21× | ||
| Q1 24 | 2.46× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
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% |
