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Side-by-side financial comparison of National Vision Holdings, Inc. (EYE) 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 $487.3M, roughly 1.5× National Vision Holdings, Inc.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 0.7%, a 9.6% gap on every dollar of revenue. On growth, National Vision Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs -0.4%). Installed Building Products, Inc. produced more free cash flow last quarter ($49.3M vs $30.3M). Over the past eight quarters, National Vision Holdings, Inc.'s revenue compounded faster (7.6% CAGR vs 3.9%).
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
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.
EYE vs IBP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $487.3M | $747.5M |
| Net Profit | $3.4M | $76.6M |
| Gross Margin | — | 35.0% |
| Operating Margin | 2.0% | 14.6% |
| Net Margin | 0.7% | 10.2% |
| Revenue YoY | 7.9% | -0.4% |
| Net Profit YoY | 139.8% | 14.5% |
| EPS (diluted) | $0.04 | $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 | — | $747.5M | ||
| Q3 25 | $487.3M | $778.2M | ||
| Q2 25 | $486.4M | $760.3M | ||
| Q1 25 | $510.3M | $684.8M | ||
| Q4 24 | $437.3M | $750.2M | ||
| Q3 24 | $451.5M | $760.6M | ||
| Q2 24 | $451.7M | $737.6M | ||
| Q1 24 | $482.8M | $692.9M |
| Q4 25 | — | $76.6M | ||
| Q3 25 | $3.4M | $74.4M | ||
| Q2 25 | $8.7M | $69.0M | ||
| Q1 25 | $14.2M | $45.4M | ||
| Q4 24 | $-28.6M | $66.9M | ||
| Q3 24 | $-8.5M | $68.6M | ||
| Q2 24 | $-3.1M | $65.2M | ||
| Q1 24 | $11.7M | $55.9M |
| 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% |
| Q4 25 | — | 14.6% | ||
| Q3 25 | 2.0% | 13.7% | ||
| Q2 25 | 3.4% | 13.3% | ||
| Q1 25 | 5.1% | 10.2% | ||
| Q4 24 | -5.8% | 13.1% | ||
| Q3 24 | -2.0% | 13.3% | ||
| Q2 24 | 0.1% | 12.9% | ||
| Q1 24 | 4.9% | 12.7% |
| Q4 25 | — | 10.2% | ||
| Q3 25 | 0.7% | 9.6% | ||
| Q2 25 | 1.8% | 9.1% | ||
| Q1 25 | 2.8% | 6.6% | ||
| Q4 24 | -6.5% | 8.9% | ||
| Q3 24 | -1.9% | 9.0% | ||
| Q2 24 | -0.7% | 8.8% | ||
| Q1 24 | 2.4% | 8.1% |
| Q4 25 | — | $2.81 | ||
| Q3 25 | $0.04 | $2.74 | ||
| Q2 25 | $0.11 | $2.52 | ||
| Q1 25 | $0.18 | $1.64 | ||
| Q4 24 | $-0.36 | $2.39 | ||
| Q3 24 | $-0.11 | $2.44 | ||
| Q2 24 | $-0.04 | $2.30 | ||
| Q1 24 | $0.15 | $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 | $56.0M | $321.9M |
| Total DebtLower is stronger | $236.5M | $886.6M |
| Stockholders' EquityBook value | $858.8M | $709.9M |
| Total Assets | $2.0B | $2.1B |
| Debt / EquityLower = less leverage | 0.28× | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $321.9M | ||
| Q3 25 | $56.0M | $333.3M | ||
| Q2 25 | $48.5M | $305.2M | ||
| Q1 25 | $80.0M | $298.7M | ||
| Q4 24 | $73.9M | $327.6M | ||
| Q3 24 | $81.2M | $406.2M | ||
| Q2 24 | $179.5M | $380.3M | ||
| Q1 24 | $150.1M | $399.9M |
| Q4 25 | — | $886.6M | ||
| Q3 25 | $236.5M | $880.8M | ||
| Q2 25 | $255.6M | $876.1M | ||
| Q1 25 | $244.7M | $872.4M | ||
| Q4 24 | $248.6M | $874.8M | ||
| Q3 24 | $252.8M | $872.3M | ||
| Q2 24 | $143.9M | $875.8M | ||
| Q1 24 | $448.6M | $875.0M |
| Q4 25 | — | $709.9M | ||
| Q3 25 | $858.8M | $678.6M | ||
| Q2 25 | $850.6M | $664.5M | ||
| Q1 25 | $836.2M | $660.9M | ||
| Q4 24 | $816.3M | $705.3M | ||
| Q3 24 | $840.0M | $716.4M | ||
| Q2 24 | $843.4M | $685.3M | ||
| Q1 24 | $841.3M | $679.2M |
| Q4 25 | — | $2.1B | ||
| Q3 25 | $2.0B | $2.1B | ||
| Q2 25 | $2.0B | $2.0B | ||
| Q1 25 | $2.0B | $2.0B | ||
| Q4 24 | $2.0B | $2.1B | ||
| Q3 24 | $2.0B | $2.1B | ||
| Q2 24 | $2.1B | $2.0B | ||
| Q1 24 | $2.2B | $2.0B |
| Q4 25 | — | 1.25× | ||
| Q3 25 | 0.28× | 1.30× | ||
| Q2 25 | 0.30× | 1.32× | ||
| Q1 25 | 0.29× | 1.32× | ||
| Q4 24 | 0.30× | 1.24× | ||
| Q3 24 | 0.30× | 1.22× | ||
| Q2 24 | 0.17× | 1.28× | ||
| Q1 24 | 0.53× | 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 | $46.6M | $64.9M |
| Free Cash FlowOCF − Capex | $30.3M | $49.3M |
| FCF MarginFCF / Revenue | 6.2% | 6.6% |
| Capex IntensityCapex / Revenue | 3.4% | 2.1% |
| Cash ConversionOCF / Net Profit | 13.83× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $83.0M | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $64.9M | ||
| Q3 25 | $46.6M | $124.0M | ||
| Q2 25 | $54.3M | $90.4M | ||
| Q1 25 | $32.2M | $92.1M | ||
| Q4 24 | $30.3M | $74.8M | ||
| Q3 24 | $27.9M | $101.4M | ||
| Q2 24 | $51.5M | $79.0M | ||
| Q1 24 | $24.0M | $84.8M |
| Q4 25 | — | $49.3M | ||
| Q3 25 | $30.3M | $104.8M | ||
| Q2 25 | $42.4M | $74.8M | ||
| Q1 25 | $12.0M | $71.9M | ||
| Q4 24 | $-1.7M | $52.9M | ||
| Q3 24 | $4.1M | $77.3M | ||
| Q2 24 | $31.9M | $58.2M | ||
| Q1 24 | $4.0M | $63.0M |
| Q4 25 | — | 6.6% | ||
| Q3 25 | 6.2% | 13.5% | ||
| Q2 25 | 8.7% | 9.8% | ||
| Q1 25 | 2.4% | 10.5% | ||
| Q4 24 | -0.4% | 7.1% | ||
| Q3 24 | 0.9% | 10.2% | ||
| Q2 24 | 7.1% | 7.9% | ||
| Q1 24 | 0.8% | 9.1% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | 3.4% | 2.5% | ||
| Q2 25 | 2.4% | 2.1% | ||
| Q1 25 | 4.0% | 2.9% | ||
| Q4 24 | 7.3% | 2.9% | ||
| Q3 24 | 5.3% | 3.2% | ||
| Q2 24 | 4.3% | 2.8% | ||
| Q1 24 | 4.1% | 3.1% |
| Q4 25 | — | 0.85× | ||
| Q3 25 | 13.83× | 1.67× | ||
| Q2 25 | 6.22× | 1.31× | ||
| Q1 25 | 2.27× | 2.03× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.21× | ||
| Q1 24 | 2.05× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EYE
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% |
