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Side-by-side financial comparison of INTERNATIONAL BANCSHARES CORP (IBOC) and WORTHINGTON ENTERPRISES, INC. (WOR). Click either name above to swap in a different company.

WORTHINGTON ENTERPRISES, INC. is the larger business by last-quarter revenue ($327.5M vs $217.7M, roughly 1.5× INTERNATIONAL BANCSHARES CORP). INTERNATIONAL BANCSHARES CORP runs the higher net margin — 62.3% vs 8.3%, a 54.0% gap on every dollar of revenue. On growth, WORTHINGTON ENTERPRISES, INC. posted the faster year-over-year revenue change (19.5% vs 4.5%). INTERNATIONAL BANCSHARES CORP produced more free cash flow last quarter ($472.9M vs $39.1M).

International Bancshares Corporation is a bank holding company based in Laredo, Texas whose primary subsidiary is International Bank of Commerce. Through its bank subsidiaries, it has 217 banking offices and 315 automated teller machines serving 88 communities in the U.S. states of Texas and Oklahoma.

Worthington Enterprises, Inc. is an American industrial manufacturing company headquartered in Columbus, Ohio. The company is composed of two business segments, consumer products and building products. Within these segments, the company designs and manufactures pressure vessels such as propane, oxygen and helium tanks, refrigerant and industrial cylinders, camping and residential use cylinders, water system tanks for storage, treatment, heating, expansion and flow control, as well as a variet...

IBOC vs WOR — Head-to-Head

Bigger by revenue
WOR
WOR
1.5× larger
WOR
$327.5M
$217.7M
IBOC
Growing faster (revenue YoY)
WOR
WOR
+14.9% gap
WOR
19.5%
4.5%
IBOC
Higher net margin
IBOC
IBOC
54.0% more per $
IBOC
62.3%
8.3%
WOR
More free cash flow
IBOC
IBOC
$433.9M more FCF
IBOC
$472.9M
$39.1M
WOR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
IBOC
IBOC
WOR
WOR
Revenue
$217.7M
$327.5M
Net Profit
$106.9M
$27.3M
Gross Margin
25.8%
Operating Margin
62.8%
3.7%
Net Margin
62.3%
8.3%
Revenue YoY
4.5%
19.5%
Net Profit YoY
-7.1%
-3.3%
EPS (diluted)
$1.71
$0.55

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
IBOC
IBOC
WOR
WOR
Q4 25
$217.7M
$327.5M
Q3 25
$218.1M
$303.7M
Q2 25
$208.2M
Q1 25
$198.2M
Q4 24
$208.3M
Q3 24
$211.8M
Q2 24
$207.8M
Q1 24
$205.8M
Net Profit
IBOC
IBOC
WOR
WOR
Q4 25
$106.9M
$27.3M
Q3 25
$108.4M
$35.1M
Q2 25
$100.1M
Q1 25
$96.9M
Q4 24
$115.1M
Q3 24
$99.8M
Q2 24
$97.0M
Q1 24
$97.3M
Gross Margin
IBOC
IBOC
WOR
WOR
Q4 25
25.8%
Q3 25
27.1%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
IBOC
IBOC
WOR
WOR
Q4 25
62.8%
3.7%
Q3 25
62.6%
3.0%
Q2 25
60.5%
Q1 25
61.1%
Q4 24
64.2%
Q3 24
60.0%
Q2 24
60.1%
Q1 24
59.9%
Net Margin
IBOC
IBOC
WOR
WOR
Q4 25
62.3%
8.3%
Q3 25
49.7%
11.6%
Q2 25
48.1%
Q1 25
48.9%
Q4 24
71.5%
Q3 24
47.1%
Q2 24
46.7%
Q1 24
47.3%
EPS (diluted)
IBOC
IBOC
WOR
WOR
Q4 25
$1.71
$0.55
Q3 25
$1.74
$0.70
Q2 25
$1.61
Q1 25
$1.56
Q4 24
$1.85
Q3 24
$1.60
Q2 24
$1.56
Q1 24
$1.56

Balance Sheet & Financial Strength

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

Metric
IBOC
IBOC
WOR
WOR
Cash + ST InvestmentsLiquidity on hand
$5.5B
$180.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.3B
$962.6M
Total Assets
$16.6B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBOC
IBOC
WOR
WOR
Q4 25
$5.5B
$180.3M
Q3 25
$5.6B
$167.1M
Q2 25
$5.8B
Q1 25
$5.6B
Q4 24
$5.4B
Q3 24
$5.8B
Q2 24
$5.7B
Q1 24
$5.7B
Stockholders' Equity
IBOC
IBOC
WOR
WOR
Q4 25
$3.3B
$962.6M
Q3 25
$3.1B
$959.1M
Q2 25
$3.0B
Q1 25
$2.9B
Q4 24
$2.8B
Q3 24
$2.7B
Q2 24
$2.6B
Q1 24
$2.5B
Total Assets
IBOC
IBOC
WOR
WOR
Q4 25
$16.6B
$1.8B
Q3 25
$16.6B
$1.7B
Q2 25
$16.5B
Q1 25
$16.3B
Q4 24
$15.7B
Q3 24
$15.9B
Q2 24
$15.5B
Q1 24
$15.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IBOC
IBOC
WOR
WOR
Operating Cash FlowLast quarter
$491.1M
$51.5M
Free Cash FlowOCF − Capex
$472.9M
$39.1M
FCF MarginFCF / Revenue
217.2%
11.9%
Capex IntensityCapex / Revenue
8.3%
3.8%
Cash ConversionOCF / Net Profit
4.59×
1.89×
TTM Free Cash FlowTrailing 4 quarters
$809.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBOC
IBOC
WOR
WOR
Q4 25
$491.1M
$51.5M
Q3 25
$115.2M
$41.1M
Q2 25
$95.5M
Q1 25
$140.5M
Q4 24
$473.9M
Q3 24
$116.5M
Q2 24
$107.2M
Q1 24
$135.4M
Free Cash Flow
IBOC
IBOC
WOR
WOR
Q4 25
$472.9M
$39.1M
Q3 25
$112.2M
$27.9M
Q2 25
$91.6M
Q1 25
$133.1M
Q4 24
$459.8M
Q3 24
$109.6M
Q2 24
$104.9M
Q1 24
$128.9M
FCF Margin
IBOC
IBOC
WOR
WOR
Q4 25
217.2%
11.9%
Q3 25
51.5%
9.2%
Q2 25
44.0%
Q1 25
67.1%
Q4 24
220.8%
Q3 24
51.7%
Q2 24
50.5%
Q1 24
62.6%
Capex Intensity
IBOC
IBOC
WOR
WOR
Q4 25
8.3%
3.8%
Q3 25
1.3%
4.3%
Q2 25
1.9%
Q1 25
3.7%
Q4 24
6.8%
Q3 24
3.3%
Q2 24
1.1%
Q1 24
3.2%
Cash Conversion
IBOC
IBOC
WOR
WOR
Q4 25
4.59×
1.89×
Q3 25
1.06×
1.17×
Q2 25
0.95×
Q1 25
1.45×
Q4 24
4.12×
Q3 24
1.17×
Q2 24
1.11×
Q1 24
1.39×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IBOC
IBOC

Segment breakdown not available.

WOR
WOR

Building Products$207.5M63%
Equity Method Investment Nonconsolidated Investee Other$120.7M37%

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