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Side-by-side financial comparison of Fidelis Insurance Holdings Ltd (FIHL) 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 $651.9M, roughly 1.1× Fidelis Insurance Holdings Ltd). Fidelis Insurance Holdings Ltd runs the higher net margin — 20.0% vs 10.2%, a 9.8% gap on every dollar of revenue. On growth, Installed Building Products, Inc. posted the faster year-over-year revenue change (-0.4% vs -5.0%). Fidelis Insurance Holdings Ltd produced more free cash flow last quarter ($154.6M vs $49.3M).

Fidelis Insurance Holdings Ltd is a global specialty insurance and reinsurance firm headquartered in Bermuda. It offers tailored coverage solutions across property, casualty, marine, aviation, and specialty risk segments, serving corporate and institutional clients across North America, Europe, and other international markets.

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.

FIHL vs IBP — Head-to-Head

Bigger by revenue
IBP
IBP
1.1× larger
IBP
$747.5M
$651.9M
FIHL
Growing faster (revenue YoY)
IBP
IBP
+4.6% gap
IBP
-0.4%
-5.0%
FIHL
Higher net margin
FIHL
FIHL
9.8% more per $
FIHL
20.0%
10.2%
IBP
More free cash flow
FIHL
FIHL
$105.3M more FCF
FIHL
$154.6M
$49.3M
IBP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FIHL
FIHL
IBP
IBP
Revenue
$651.9M
$747.5M
Net Profit
$130.5M
$76.6M
Gross Margin
35.0%
Operating Margin
24.7%
14.6%
Net Margin
20.0%
10.2%
Revenue YoY
-5.0%
-0.4%
Net Profit YoY
29.7%
14.5%
EPS (diluted)
$1.24
$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
FIHL
FIHL
IBP
IBP
Q4 25
$747.5M
Q3 25
$651.9M
$778.2M
Q2 25
$589.3M
$760.3M
Q1 25
$658.4M
$684.8M
Q4 24
$750.2M
Q3 24
$686.1M
$760.6M
Q2 24
$540.1M
$737.6M
Q1 24
$520.0M
$692.9M
Net Profit
FIHL
FIHL
IBP
IBP
Q4 25
$76.6M
Q3 25
$130.5M
$74.4M
Q2 25
$19.7M
$69.0M
Q1 25
$-42.5M
$45.4M
Q4 24
$66.9M
Q3 24
$100.6M
$68.6M
Q2 24
$53.7M
$65.2M
Q1 24
$81.2M
$55.9M
Gross Margin
FIHL
FIHL
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
FIHL
FIHL
IBP
IBP
Q4 25
14.6%
Q3 25
24.7%
13.7%
Q2 25
3.8%
13.3%
Q1 25
-7.6%
10.2%
Q4 24
13.1%
Q3 24
17.2%
13.3%
Q2 24
11.6%
12.9%
Q1 24
18.3%
12.7%
Net Margin
FIHL
FIHL
IBP
IBP
Q4 25
10.2%
Q3 25
20.0%
9.6%
Q2 25
3.3%
9.1%
Q1 25
-6.5%
6.6%
Q4 24
8.9%
Q3 24
14.7%
9.0%
Q2 24
9.9%
8.8%
Q1 24
15.6%
8.1%
EPS (diluted)
FIHL
FIHL
IBP
IBP
Q4 25
$2.81
Q3 25
$1.24
$2.74
Q2 25
$0.18
$2.52
Q1 25
$-0.38
$1.64
Q4 24
$2.39
Q3 24
$0.88
$2.44
Q2 24
$0.46
$2.30
Q1 24
$0.69
$1.97

Balance Sheet & Financial Strength

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

Metric
FIHL
FIHL
IBP
IBP
Cash + ST InvestmentsLiquidity on hand
$892.5M
$321.9M
Total DebtLower is stronger
$842.9M
$886.6M
Stockholders' EquityBook value
$2.4B
$709.9M
Total Assets
$12.5B
$2.1B
Debt / EquityLower = less leverage
0.35×
1.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIHL
FIHL
IBP
IBP
Q4 25
$321.9M
Q3 25
$892.5M
$333.3M
Q2 25
$919.4M
$305.2M
Q1 25
$733.4M
$298.7M
Q4 24
$327.6M
Q3 24
$806.8M
$406.2M
Q2 24
$628.6M
$380.3M
Q1 24
$671.7M
$399.9M
Total Debt
FIHL
FIHL
IBP
IBP
Q4 25
$886.6M
Q3 25
$842.9M
$880.8M
Q2 25
$842.6M
$876.1M
Q1 25
$449.1M
$872.4M
Q4 24
$874.8M
Q3 24
$448.8M
$872.3M
Q2 24
$448.6M
$875.8M
Q1 24
$448.4M
$875.0M
Stockholders' Equity
FIHL
FIHL
IBP
IBP
Q4 25
$709.9M
Q3 25
$2.4B
$678.6M
Q2 25
$2.3B
$664.5M
Q1 25
$2.4B
$660.9M
Q4 24
$705.3M
Q3 24
$2.6B
$716.4M
Q2 24
$2.5B
$685.3M
Q1 24
$2.5B
$679.2M
Total Assets
FIHL
FIHL
IBP
IBP
Q4 25
$2.1B
Q3 25
$12.5B
$2.1B
Q2 25
$13.0B
$2.0B
Q1 25
$12.8B
$2.0B
Q4 24
$2.1B
Q3 24
$11.7B
$2.1B
Q2 24
$11.9B
$2.0B
Q1 24
$11.3B
$2.0B
Debt / Equity
FIHL
FIHL
IBP
IBP
Q4 25
1.25×
Q3 25
0.35×
1.30×
Q2 25
0.36×
1.32×
Q1 25
0.19×
1.32×
Q4 24
1.24×
Q3 24
0.17×
1.22×
Q2 24
0.18×
1.28×
Q1 24
0.18×
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
FIHL
FIHL
IBP
IBP
Operating Cash FlowLast quarter
$155.2M
$64.9M
Free Cash FlowOCF − Capex
$154.6M
$49.3M
FCF MarginFCF / Revenue
23.7%
6.6%
Capex IntensityCapex / Revenue
0.1%
2.1%
Cash ConversionOCF / Net Profit
1.19×
0.85×
TTM Free Cash FlowTrailing 4 quarters
$-320.9M
$300.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIHL
FIHL
IBP
IBP
Q4 25
$64.9M
Q3 25
$155.2M
$124.0M
Q2 25
$-359.2M
$90.4M
Q1 25
$-433.1M
$92.1M
Q4 24
$74.8M
Q3 24
$318.9M
$101.4M
Q2 24
$208.5M
$79.0M
Q1 24
$-35.3M
$84.8M
Free Cash Flow
FIHL
FIHL
IBP
IBP
Q4 25
$49.3M
Q3 25
$154.6M
$104.8M
Q2 25
$-359.3M
$74.8M
Q1 25
$-433.4M
$71.9M
Q4 24
$52.9M
Q3 24
$317.2M
$77.3M
Q2 24
$206.6M
$58.2M
Q1 24
$-35.6M
$63.0M
FCF Margin
FIHL
FIHL
IBP
IBP
Q4 25
6.6%
Q3 25
23.7%
13.5%
Q2 25
-61.0%
9.8%
Q1 25
-65.8%
10.5%
Q4 24
7.1%
Q3 24
46.2%
10.2%
Q2 24
38.3%
7.9%
Q1 24
-6.8%
9.1%
Capex Intensity
FIHL
FIHL
IBP
IBP
Q4 25
2.1%
Q3 25
0.1%
2.5%
Q2 25
0.0%
2.1%
Q1 25
0.0%
2.9%
Q4 24
2.9%
Q3 24
0.2%
3.2%
Q2 24
0.4%
2.8%
Q1 24
0.1%
3.1%
Cash Conversion
FIHL
FIHL
IBP
IBP
Q4 25
0.85×
Q3 25
1.19×
1.67×
Q2 25
-18.23×
1.31×
Q1 25
2.03×
Q4 24
1.12×
Q3 24
3.17×
1.48×
Q2 24
3.88×
1.21×
Q1 24
-0.43×
1.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FIHL
FIHL

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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