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Side-by-side financial comparison of HALOZYME THERAPEUTICS, INC. (HALO) 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 $451.8M, roughly 1.7× HALOZYME THERAPEUTICS, INC.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs -31.3%, a 41.6% gap on every dollar of revenue. On growth, HALOZYME THERAPEUTICS, INC. posted the faster year-over-year revenue change (51.6% vs -0.4%). HALOZYME THERAPEUTICS, INC. produced more free cash flow last quarter ($217.6M vs $49.3M). Over the past eight quarters, HALOZYME THERAPEUTICS, INC.'s revenue compounded faster (51.9% CAGR vs 3.9%).
Halozyme Therapeutics, Inc. is an American biotechnology company. It develops oncology therapies designed to target the tumor microenvironment.
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.
HALO vs IBP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $451.8M | $747.5M |
| Net Profit | $-141.6M | $76.6M |
| Gross Margin | 82.6% | 35.0% |
| Operating Margin | -20.6% | 14.6% |
| Net Margin | -31.3% | 10.2% |
| Revenue YoY | 51.6% | -0.4% |
| Net Profit YoY | -203.3% | 14.5% |
| EPS (diluted) | $-1.13 | $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 | $451.8M | $747.5M | ||
| Q3 25 | $354.3M | $778.2M | ||
| Q2 25 | $325.7M | $760.3M | ||
| Q1 25 | $264.9M | $684.8M | ||
| Q4 24 | $298.0M | $750.2M | ||
| Q3 24 | $290.1M | $760.6M | ||
| Q2 24 | $231.4M | $737.6M | ||
| Q1 24 | $195.9M | $692.9M |
| Q4 25 | $-141.6M | $76.6M | ||
| Q3 25 | $175.2M | $74.4M | ||
| Q2 25 | $165.2M | $69.0M | ||
| Q1 25 | $118.1M | $45.4M | ||
| Q4 24 | $137.0M | $66.9M | ||
| Q3 24 | $137.0M | $68.6M | ||
| Q2 24 | $93.2M | $65.2M | ||
| Q1 24 | $76.8M | $55.9M |
| Q4 25 | 82.6% | 35.0% | ||
| Q3 25 | 84.4% | 34.0% | ||
| Q2 25 | 85.8% | 34.2% | ||
| Q1 25 | 81.7% | 32.7% | ||
| Q4 24 | 85.9% | 33.6% | ||
| Q3 24 | 83.0% | 33.8% | ||
| Q2 24 | 82.9% | 34.1% | ||
| Q1 24 | 85.5% | 33.8% |
| Q4 25 | -20.6% | 14.6% | ||
| Q3 25 | 61.5% | 13.7% | ||
| Q2 25 | 62.2% | 13.3% | ||
| Q1 25 | 53.4% | 10.2% | ||
| Q4 24 | 58.9% | 13.1% | ||
| Q3 24 | 56.3% | 13.3% | ||
| Q2 24 | 50.7% | 12.9% | ||
| Q1 24 | 48.8% | 12.7% |
| Q4 25 | -31.3% | 10.2% | ||
| Q3 25 | 49.5% | 9.6% | ||
| Q2 25 | 50.7% | 9.1% | ||
| Q1 25 | 44.6% | 6.6% | ||
| Q4 24 | 46.0% | 8.9% | ||
| Q3 24 | 47.2% | 9.0% | ||
| Q2 24 | 40.3% | 8.8% | ||
| Q1 24 | 39.2% | 8.1% |
| Q4 25 | $-1.13 | $2.81 | ||
| Q3 25 | $1.43 | $2.74 | ||
| Q2 25 | $1.33 | $2.52 | ||
| Q1 25 | $0.93 | $1.64 | ||
| Q4 24 | $1.06 | $2.39 | ||
| Q3 24 | $1.05 | $2.44 | ||
| Q2 24 | $0.72 | $2.30 | ||
| Q1 24 | $0.60 | $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 | $133.8M | $321.9M |
| Total DebtLower is stronger | $2.1B | $886.6M |
| Stockholders' EquityBook value | $48.8M | $709.9M |
| Total Assets | $2.5B | $2.1B |
| Debt / EquityLower = less leverage | 43.89× | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $133.8M | $321.9M | ||
| Q3 25 | $419.7M | $333.3M | ||
| Q2 25 | $61.9M | $305.2M | ||
| Q1 25 | $176.3M | $298.7M | ||
| Q4 24 | $115.8M | $327.6M | ||
| Q3 24 | $154.3M | $406.2M | ||
| Q2 24 | $187.9M | $380.3M | ||
| Q1 24 | $164.6M | $399.9M |
| Q4 25 | $2.1B | $886.6M | ||
| Q3 25 | $1.5B | $880.8M | ||
| Q2 25 | $1.5B | $876.1M | ||
| Q1 25 | $1.5B | $872.4M | ||
| Q4 24 | $1.5B | $874.8M | ||
| Q3 24 | $1.5B | $872.3M | ||
| Q2 24 | $1.5B | $875.8M | ||
| Q1 24 | $1.5B | $875.0M |
| Q4 25 | $48.8M | $709.9M | ||
| Q3 25 | $503.9M | $678.6M | ||
| Q2 25 | $332.7M | $664.5M | ||
| Q1 25 | $482.3M | $660.9M | ||
| Q4 24 | $363.8M | $705.3M | ||
| Q3 24 | $452.7M | $716.4M | ||
| Q2 24 | $289.4M | $685.3M | ||
| Q1 24 | $177.8M | $679.2M |
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.1B | $2.0B | ||
| Q1 25 | $2.2B | $2.0B | ||
| Q4 24 | $2.1B | $2.1B | ||
| Q3 24 | $2.1B | $2.1B | ||
| Q2 24 | $2.0B | $2.0B | ||
| Q1 24 | $1.8B | $2.0B |
| Q4 25 | 43.89× | 1.25× | ||
| Q3 25 | 3.00× | 1.30× | ||
| Q2 25 | 4.54× | 1.32× | ||
| Q1 25 | 3.13× | 1.32× | ||
| Q4 24 | 4.14× | 1.24× | ||
| Q3 24 | 3.32× | 1.22× | ||
| Q2 24 | 5.19× | 1.28× | ||
| Q1 24 | 8.44× | 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 | $219.0M | $64.9M |
| Free Cash FlowOCF − Capex | $217.6M | $49.3M |
| FCF MarginFCF / Revenue | 48.2% | 6.6% |
| Capex IntensityCapex / Revenue | 0.3% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $644.6M | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $219.0M | $64.9M | ||
| Q3 25 | $178.6M | $124.0M | ||
| Q2 25 | $99.7M | $90.4M | ||
| Q1 25 | $154.2M | $92.1M | ||
| Q4 24 | $178.5M | $74.8M | ||
| Q3 24 | $115.4M | $101.4M | ||
| Q2 24 | $55.8M | $79.0M | ||
| Q1 24 | $129.4M | $84.8M |
| Q4 25 | $217.6M | $49.3M | ||
| Q3 25 | $175.6M | $104.8M | ||
| Q2 25 | $98.1M | $74.8M | ||
| Q1 25 | $153.3M | $71.9M | ||
| Q4 24 | $175.4M | $52.9M | ||
| Q3 24 | $113.9M | $77.3M | ||
| Q2 24 | $53.2M | $58.2M | ||
| Q1 24 | $125.9M | $63.0M |
| Q4 25 | 48.2% | 6.6% | ||
| Q3 25 | 49.6% | 13.5% | ||
| Q2 25 | 30.1% | 9.8% | ||
| Q1 25 | 57.9% | 10.5% | ||
| Q4 24 | 58.9% | 7.1% | ||
| Q3 24 | 39.3% | 10.2% | ||
| Q2 24 | 23.0% | 7.9% | ||
| Q1 24 | 64.3% | 9.1% |
| Q4 25 | 0.3% | 2.1% | ||
| Q3 25 | 0.9% | 2.5% | ||
| Q2 25 | 0.5% | 2.1% | ||
| Q1 25 | 0.4% | 2.9% | ||
| Q4 24 | 1.0% | 2.9% | ||
| Q3 24 | 0.5% | 3.2% | ||
| Q2 24 | 1.1% | 2.8% | ||
| Q1 24 | 1.8% | 3.1% |
| Q4 25 | — | 0.85× | ||
| Q3 25 | 1.02× | 1.67× | ||
| Q2 25 | 0.60× | 1.31× | ||
| Q1 25 | 1.31× | 2.03× | ||
| Q4 24 | 1.30× | 1.12× | ||
| Q3 24 | 0.84× | 1.48× | ||
| Q2 24 | 0.60× | 1.21× | ||
| Q1 24 | 1.68× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HALO
| Royalty | $258.0M | 57% |
| Products | $122.7M | 27% |
| Proprietary Products Sales | $59.6M | 13% |
| Device Partnered Products | $12.9M | 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% |
