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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and Installed Building Products, Inc. (IBP). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $747.5M, roughly 1.2× Installed Building Products, Inc.). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 10.2%, a 19.1% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs -0.4%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $49.3M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 3.9%).
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
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.
FHN vs IBP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $747.5M |
| Net Profit | $261.0M | $76.6M |
| Gross Margin | — | 35.0% |
| Operating Margin | 38.5% | 14.6% |
| Net Margin | 29.4% | 10.2% |
| Revenue YoY | 21.8% | -0.4% |
| Net Profit YoY | 57.2% | 14.5% |
| EPS (diluted) | $0.51 | $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 | $888.0M | $747.5M | ||
| Q3 25 | $889.0M | $778.2M | ||
| Q2 25 | $830.0M | $760.3M | ||
| Q1 25 | $812.0M | $684.8M | ||
| Q4 24 | $729.0M | $750.2M | ||
| Q3 24 | $827.0M | $760.6M | ||
| Q2 24 | — | $737.6M | ||
| Q1 24 | $819.0M | $692.9M |
| Q4 25 | $261.0M | $76.6M | ||
| Q3 25 | $262.0M | $74.4M | ||
| Q2 25 | $241.0M | $69.0M | ||
| Q1 25 | $218.0M | $45.4M | ||
| Q4 24 | $166.0M | $66.9M | ||
| Q3 24 | $218.0M | $68.6M | ||
| Q2 24 | — | $65.2M | ||
| Q1 24 | $192.0M | $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 | 38.5% | 14.6% | ||
| Q3 25 | 38.7% | 13.7% | ||
| Q2 25 | 37.2% | 13.3% | ||
| Q1 25 | 35.1% | 10.2% | ||
| Q4 24 | 28.8% | 13.1% | ||
| Q3 24 | 34.0% | 13.3% | ||
| Q2 24 | — | 12.9% | ||
| Q1 24 | 31.0% | 12.7% |
| Q4 25 | 29.4% | 10.2% | ||
| Q3 25 | 29.5% | 9.6% | ||
| Q2 25 | 29.0% | 9.1% | ||
| Q1 25 | 26.8% | 6.6% | ||
| Q4 24 | 22.8% | 8.9% | ||
| Q3 24 | 26.4% | 9.0% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | 23.4% | 8.1% |
| Q4 25 | $0.51 | $2.81 | ||
| Q3 25 | $0.50 | $2.74 | ||
| Q2 25 | $0.45 | $2.52 | ||
| Q1 25 | $0.41 | $1.64 | ||
| Q4 24 | $0.29 | $2.39 | ||
| Q3 24 | $0.40 | $2.44 | ||
| Q2 24 | — | $2.30 | ||
| Q1 24 | $0.33 | $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 | — | $321.9M |
| Total DebtLower is stronger | — | $886.6M |
| Stockholders' EquityBook value | $8.8B | $709.9M |
| Total Assets | $83.9B | $2.1B |
| Debt / EquityLower = less leverage | — | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| 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 |
| 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 | $8.8B | $709.9M | ||
| Q3 25 | $8.9B | $678.6M | ||
| Q2 25 | $9.0B | $664.5M | ||
| Q1 25 | $8.7B | $660.9M | ||
| Q4 24 | $8.8B | $705.3M | ||
| Q3 24 | $9.0B | $716.4M | ||
| Q2 24 | — | $685.3M | ||
| Q1 24 | $8.9B | $679.2M |
| Q4 25 | $83.9B | $2.1B | ||
| Q3 25 | $83.2B | $2.1B | ||
| Q2 25 | $82.1B | $2.0B | ||
| Q1 25 | $81.5B | $2.0B | ||
| Q4 24 | $82.2B | $2.1B | ||
| Q3 24 | $82.6B | $2.1B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | $81.8B | $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 | $396.0M | $64.9M |
| Free Cash FlowOCF − Capex | $389.0M | $49.3M |
| FCF MarginFCF / Revenue | 43.8% | 6.6% |
| Capex IntensityCapex / Revenue | 0.8% | 2.1% |
| Cash ConversionOCF / Net Profit | 1.52× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $64.9M | ||
| Q3 25 | $-200.0M | $124.0M | ||
| Q2 25 | $83.0M | $90.4M | ||
| Q1 25 | $349.0M | $92.1M | ||
| Q4 24 | $191.0M | $74.8M | ||
| Q3 24 | $389.0M | $101.4M | ||
| Q2 24 | — | $79.0M | ||
| Q1 24 | $838.0M | $84.8M |
| Q4 25 | $389.0M | $49.3M | ||
| Q3 25 | $-208.0M | $104.8M | ||
| Q2 25 | $74.0M | $74.8M | ||
| Q1 25 | $340.0M | $71.9M | ||
| Q4 24 | $174.0M | $52.9M | ||
| Q3 24 | $383.0M | $77.3M | ||
| Q2 24 | — | $58.2M | ||
| Q1 24 | $828.0M | $63.0M |
| Q4 25 | 43.8% | 6.6% | ||
| Q3 25 | -23.4% | 13.5% | ||
| Q2 25 | 8.9% | 9.8% | ||
| Q1 25 | 41.9% | 10.5% | ||
| Q4 24 | 23.9% | 7.1% | ||
| Q3 24 | 46.3% | 10.2% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | 101.1% | 9.1% |
| Q4 25 | 0.8% | 2.1% | ||
| Q3 25 | 0.9% | 2.5% | ||
| Q2 25 | 1.1% | 2.1% | ||
| Q1 25 | 1.1% | 2.9% | ||
| Q4 24 | 2.3% | 2.9% | ||
| Q3 24 | 0.7% | 3.2% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | 1.2% | 3.1% |
| Q4 25 | 1.52× | 0.85× | ||
| Q3 25 | -0.76× | 1.67× | ||
| Q2 25 | 0.34× | 1.31× | ||
| Q1 25 | 1.60× | 2.03× | ||
| Q4 24 | 1.15× | 1.12× | ||
| Q3 24 | 1.78× | 1.48× | ||
| Q2 24 | — | 1.21× | ||
| Q1 24 | 4.36× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
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% |
