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Side-by-side financial comparison of F5, Inc. (FFIV) and Installed Building Products, Inc. (IBP). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($822.5M vs $747.5M, roughly 1.1× Installed Building Products, Inc.). F5, Inc. runs the higher net margin — 21.9% vs 10.2%, a 11.6% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (7.3% vs -0.4%). F5, Inc. produced more free cash flow last quarter ($149.5M vs $49.3M). Over the past eight quarters, F5, Inc.'s revenue compounded faster (9.9% CAGR vs 3.9%).
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
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.
FFIV vs IBP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $747.5M |
| Net Profit | $180.1M | $76.6M |
| Gross Margin | 81.5% | 35.0% |
| Operating Margin | 26.0% | 14.6% |
| Net Margin | 21.9% | 10.2% |
| Revenue YoY | 7.3% | -0.4% |
| Net Profit YoY | 8.2% | 14.5% |
| EPS (diluted) | $3.10 | $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 | $822.5M | $747.5M | ||
| Q3 25 | $810.1M | $778.2M | ||
| Q2 25 | $780.4M | $760.3M | ||
| Q1 25 | $731.1M | $684.8M | ||
| Q4 24 | $766.5M | $750.2M | ||
| Q3 24 | $746.7M | $760.6M | ||
| Q2 24 | $695.5M | $737.6M | ||
| Q1 24 | $681.4M | $692.9M |
| Q4 25 | $180.1M | $76.6M | ||
| Q3 25 | $190.5M | $74.4M | ||
| Q2 25 | $189.9M | $69.0M | ||
| Q1 25 | $145.5M | $45.4M | ||
| Q4 24 | $166.4M | $66.9M | ||
| Q3 24 | $165.3M | $68.6M | ||
| Q2 24 | $144.1M | $65.2M | ||
| Q1 24 | $119.0M | $55.9M |
| Q4 25 | 81.5% | 35.0% | ||
| Q3 25 | 82.2% | 34.0% | ||
| Q2 25 | 81.0% | 34.2% | ||
| Q1 25 | 80.7% | 32.7% | ||
| Q4 24 | 81.7% | 33.6% | ||
| Q3 24 | 80.8% | 33.8% | ||
| Q2 24 | 80.4% | 34.1% | ||
| Q1 24 | 79.3% | 33.8% |
| Q4 25 | 26.0% | 14.6% | ||
| Q3 25 | 25.4% | 13.7% | ||
| Q2 25 | 25.2% | 13.3% | ||
| Q1 25 | 21.7% | 10.2% | ||
| Q4 24 | 26.8% | 13.1% | ||
| Q3 24 | 25.6% | 13.3% | ||
| Q2 24 | 23.4% | 12.9% | ||
| Q1 24 | 20.5% | 12.7% |
| Q4 25 | 21.9% | 10.2% | ||
| Q3 25 | 23.5% | 9.6% | ||
| Q2 25 | 24.3% | 9.1% | ||
| Q1 25 | 19.9% | 6.6% | ||
| Q4 24 | 21.7% | 8.9% | ||
| Q3 24 | 22.1% | 9.0% | ||
| Q2 24 | 20.7% | 8.8% | ||
| Q1 24 | 17.5% | 8.1% |
| Q4 25 | $3.10 | $2.81 | ||
| Q3 25 | $3.25 | $2.74 | ||
| Q2 25 | $3.25 | $2.52 | ||
| Q1 25 | $2.48 | $1.64 | ||
| Q4 24 | $2.82 | $2.39 | ||
| Q3 24 | $2.79 | $2.44 | ||
| Q2 24 | $2.44 | $2.30 | ||
| Q1 24 | $2.00 | $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 | $1.2B | $321.9M |
| Total DebtLower is stronger | — | $886.6M |
| Stockholders' EquityBook value | $3.5B | $709.9M |
| Total Assets | $6.3B | $2.1B |
| Debt / EquityLower = less leverage | — | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $321.9M | ||
| Q3 25 | $1.3B | $333.3M | ||
| Q2 25 | $1.4B | $305.2M | ||
| Q1 25 | $1.3B | $298.7M | ||
| Q4 24 | $1.2B | $327.6M | ||
| Q3 24 | $1.1B | $406.2M | ||
| Q2 24 | $935.6M | $380.3M | ||
| Q1 24 | $903.5M | $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 | $3.5B | $709.9M | ||
| Q3 25 | $3.6B | $678.6M | ||
| Q2 25 | $3.5B | $664.5M | ||
| Q1 25 | $3.3B | $660.9M | ||
| Q4 24 | $3.2B | $705.3M | ||
| Q3 24 | $3.1B | $716.4M | ||
| Q2 24 | $3.0B | $685.3M | ||
| Q1 24 | $2.9B | $679.2M |
| Q4 25 | $6.3B | $2.1B | ||
| Q3 25 | $6.3B | $2.1B | ||
| Q2 25 | $6.1B | $2.0B | ||
| Q1 25 | $5.9B | $2.0B | ||
| Q4 24 | $5.9B | $2.1B | ||
| Q3 24 | $5.6B | $2.1B | ||
| Q2 24 | $5.4B | $2.0B | ||
| Q1 24 | $5.4B | $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 | $159.2M | $64.9M |
| Free Cash FlowOCF − Capex | $149.5M | $49.3M |
| FCF MarginFCF / Revenue | 18.2% | 6.6% |
| Capex IntensityCapex / Revenue | 1.2% | 2.1% |
| Cash ConversionOCF / Net Profit | 0.88× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $861.2M | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $159.2M | $64.9M | ||
| Q3 25 | $208.1M | $124.0M | ||
| Q2 25 | $282.2M | $90.4M | ||
| Q1 25 | $256.6M | $92.1M | ||
| Q4 24 | $202.8M | $74.8M | ||
| Q3 24 | $246.5M | $101.4M | ||
| Q2 24 | $159.0M | $79.0M | ||
| Q1 24 | $221.6M | $84.8M |
| Q4 25 | $149.5M | $49.3M | ||
| Q3 25 | $191.9M | $104.8M | ||
| Q2 25 | $273.7M | $74.8M | ||
| Q1 25 | $246.1M | $71.9M | ||
| Q4 24 | $194.7M | $52.9M | ||
| Q3 24 | $240.4M | $77.3M | ||
| Q2 24 | $153.1M | $58.2M | ||
| Q1 24 | $212.2M | $63.0M |
| Q4 25 | 18.2% | 6.6% | ||
| Q3 25 | 23.7% | 13.5% | ||
| Q2 25 | 35.1% | 9.8% | ||
| Q1 25 | 33.7% | 10.5% | ||
| Q4 24 | 25.4% | 7.1% | ||
| Q3 24 | 32.2% | 10.2% | ||
| Q2 24 | 22.0% | 7.9% | ||
| Q1 24 | 31.1% | 9.1% |
| Q4 25 | 1.2% | 2.1% | ||
| Q3 25 | 2.0% | 2.5% | ||
| Q2 25 | 1.1% | 2.1% | ||
| Q1 25 | 1.4% | 2.9% | ||
| Q4 24 | 1.1% | 2.9% | ||
| Q3 24 | 0.8% | 3.2% | ||
| Q2 24 | 0.8% | 2.8% | ||
| Q1 24 | 1.4% | 3.1% |
| Q4 25 | 0.88× | 0.85× | ||
| Q3 25 | 1.09× | 1.67× | ||
| Q2 25 | 1.49× | 1.31× | ||
| Q1 25 | 1.76× | 2.03× | ||
| Q4 24 | 1.22× | 1.12× | ||
| Q3 24 | 1.49× | 1.48× | ||
| Q2 24 | 1.10× | 1.21× | ||
| Q1 24 | 1.86× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
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% |
