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Side-by-side financial comparison of Fabrinet (FN) and Installed Building Products, Inc. (IBP). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $747.5M, roughly 1.5× Installed Building Products, Inc.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 9.9%, a 0.3% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs -0.4%). Installed Building Products, Inc. produced more free cash flow last quarter ($49.3M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 3.9%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
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.
FN vs IBP — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $747.5M |
| Net Profit | $112.6M | $76.6M |
| Gross Margin | 12.2% | 35.0% |
| Operating Margin | 10.1% | 14.6% |
| Net Margin | 9.9% | 10.2% |
| Revenue YoY | 35.9% | -0.4% |
| Net Profit YoY | 30.0% | 14.5% |
| EPS (diluted) | $3.11 | $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 | $1.1B | $747.5M | ||
| Q3 25 | $978.1M | $778.2M | ||
| Q2 25 | $909.7M | $760.3M | ||
| Q1 25 | $871.8M | $684.8M | ||
| Q4 24 | $833.6M | $750.2M | ||
| Q3 24 | $804.2M | $760.6M | ||
| Q2 24 | $753.3M | $737.6M | ||
| Q1 24 | $731.5M | $692.9M |
| Q4 25 | $112.6M | $76.6M | ||
| Q3 25 | $95.9M | $74.4M | ||
| Q2 25 | $87.2M | $69.0M | ||
| Q1 25 | $81.3M | $45.4M | ||
| Q4 24 | $86.6M | $66.9M | ||
| Q3 24 | $77.4M | $68.6M | ||
| Q2 24 | $81.1M | $65.2M | ||
| Q1 24 | $80.9M | $55.9M |
| Q4 25 | 12.2% | 35.0% | ||
| Q3 25 | 11.9% | 34.0% | ||
| Q2 25 | 12.2% | 34.2% | ||
| Q1 25 | 11.7% | 32.7% | ||
| Q4 24 | 12.1% | 33.6% | ||
| Q3 24 | 12.3% | 33.8% | ||
| Q2 24 | 12.3% | 34.1% | ||
| Q1 24 | 12.4% | 33.8% |
| Q4 25 | 10.1% | 14.6% | ||
| Q3 25 | 9.6% | 13.7% | ||
| Q2 25 | 9.8% | 13.3% | ||
| Q1 25 | 9.0% | 10.2% | ||
| Q4 24 | 9.5% | 13.1% | ||
| Q3 24 | 9.6% | 13.3% | ||
| Q2 24 | 9.7% | 12.9% | ||
| Q1 24 | 9.7% | 12.7% |
| Q4 25 | 9.9% | 10.2% | ||
| Q3 25 | 9.8% | 9.6% | ||
| Q2 25 | 9.6% | 9.1% | ||
| Q1 25 | 9.3% | 6.6% | ||
| Q4 24 | 10.4% | 8.9% | ||
| Q3 24 | 9.6% | 9.0% | ||
| Q2 24 | 10.8% | 8.8% | ||
| Q1 24 | 11.1% | 8.1% |
| Q4 25 | $3.11 | $2.81 | ||
| Q3 25 | $2.66 | $2.74 | ||
| Q2 25 | $2.41 | $2.52 | ||
| Q1 25 | $2.25 | $1.64 | ||
| Q4 24 | $2.38 | $2.39 | ||
| Q3 24 | $2.13 | $2.44 | ||
| Q2 24 | $2.22 | $2.30 | ||
| Q1 24 | $2.21 | $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 | $960.8M | $321.9M |
| Total DebtLower is stronger | — | $886.6M |
| Stockholders' EquityBook value | $2.2B | $709.9M |
| Total Assets | $3.3B | $2.1B |
| Debt / EquityLower = less leverage | — | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | $321.9M | ||
| Q3 25 | $968.8M | $333.3M | ||
| Q2 25 | $934.2M | $305.2M | ||
| Q1 25 | $950.7M | $298.7M | ||
| Q4 24 | $934.6M | $327.6M | ||
| Q3 24 | $908.9M | $406.2M | ||
| Q2 24 | $858.6M | $380.3M | ||
| Q1 24 | $794.0M | $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 | $2.2B | $709.9M | ||
| Q3 25 | $2.1B | $678.6M | ||
| Q2 25 | $2.0B | $664.5M | ||
| Q1 25 | $1.9B | $660.9M | ||
| Q4 24 | $1.8B | $705.3M | ||
| Q3 24 | $1.8B | $716.4M | ||
| Q2 24 | $1.7B | $685.3M | ||
| Q1 24 | $1.7B | $679.2M |
| Q4 25 | $3.3B | $2.1B | ||
| Q3 25 | $3.0B | $2.1B | ||
| Q2 25 | $2.8B | $2.0B | ||
| Q1 25 | $2.6B | $2.0B | ||
| Q4 24 | $2.5B | $2.1B | ||
| Q3 24 | $2.4B | $2.1B | ||
| Q2 24 | $2.3B | $2.0B | ||
| Q1 24 | $2.2B | $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 | $46.3M | $64.9M |
| Free Cash FlowOCF − Capex | $-5.3M | $49.3M |
| FCF MarginFCF / Revenue | -0.5% | 6.6% |
| Capex IntensityCapex / Revenue | 4.6% | 2.1% |
| Cash ConversionOCF / Net Profit | 0.41× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.3M | $64.9M | ||
| Q3 25 | $102.6M | $124.0M | ||
| Q2 25 | $55.1M | $90.4M | ||
| Q1 25 | $74.2M | $92.1M | ||
| Q4 24 | $115.9M | $74.8M | ||
| Q3 24 | $83.2M | $101.4M | ||
| Q2 24 | $83.1M | $79.0M | ||
| Q1 24 | $100.9M | $84.8M |
| Q4 25 | $-5.3M | $49.3M | ||
| Q3 25 | $57.3M | $104.8M | ||
| Q2 25 | $4.7M | $74.8M | ||
| Q1 25 | $45.7M | $71.9M | ||
| Q4 24 | $94.0M | $52.9M | ||
| Q3 24 | $62.9M | $77.3M | ||
| Q2 24 | $70.4M | $58.2M | ||
| Q1 24 | $87.3M | $63.0M |
| Q4 25 | -0.5% | 6.6% | ||
| Q3 25 | 5.9% | 13.5% | ||
| Q2 25 | 0.5% | 9.8% | ||
| Q1 25 | 5.2% | 10.5% | ||
| Q4 24 | 11.3% | 7.1% | ||
| Q3 24 | 7.8% | 10.2% | ||
| Q2 24 | 9.3% | 7.9% | ||
| Q1 24 | 11.9% | 9.1% |
| Q4 25 | 4.6% | 2.1% | ||
| Q3 25 | 4.6% | 2.5% | ||
| Q2 25 | 5.5% | 2.1% | ||
| Q1 25 | 3.3% | 2.9% | ||
| Q4 24 | 2.6% | 2.9% | ||
| Q3 24 | 2.5% | 3.2% | ||
| Q2 24 | 1.7% | 2.8% | ||
| Q1 24 | 1.9% | 3.1% |
| Q4 25 | 0.41× | 0.85× | ||
| Q3 25 | 1.07× | 1.67× | ||
| Q2 25 | 0.63× | 1.31× | ||
| Q1 25 | 0.91× | 2.03× | ||
| Q4 24 | 1.34× | 1.12× | ||
| Q3 24 | 1.07× | 1.48× | ||
| Q2 24 | 1.02× | 1.21× | ||
| Q1 24 | 1.25× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
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% |
