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Side-by-side financial comparison of Installed Building Products, Inc. (IBP) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $747.5M, roughly 1.1× Installed Building Products, Inc.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs -5.9%, a 16.1% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs -0.4%). Installed Building Products, Inc. produced more free cash flow last quarter ($49.3M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 3.9%).
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.
Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...
IBP vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $747.5M | $805.0M |
| Net Profit | $76.6M | $-47.4M |
| Gross Margin | 35.0% | 23.1% |
| Operating Margin | 14.6% | 11.1% |
| Net Margin | 10.2% | -5.9% |
| Revenue YoY | -0.4% | 30.5% |
| Net Profit YoY | 14.5% | -215.6% |
| EPS (diluted) | $2.81 | $-0.90 |
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 | $747.5M | $805.0M | ||
| Q3 25 | $778.2M | $738.9M | ||
| Q2 25 | $760.3M | $682.8M | ||
| Q1 25 | $684.8M | $647.2M | ||
| Q4 24 | $750.2M | $616.8M | ||
| Q3 24 | $760.6M | $658.0M | ||
| Q2 24 | $737.6M | $661.5M | ||
| Q1 24 | $692.9M | $603.5M |
| Q4 25 | $76.6M | $-47.4M | ||
| Q3 25 | $74.4M | $44.4M | ||
| Q2 25 | $69.0M | $51.2M | ||
| Q1 25 | $45.4M | $49.6M | ||
| Q4 24 | $66.9M | $41.0M | ||
| Q3 24 | $68.6M | $46.1M | ||
| Q2 24 | $65.2M | $47.3M | ||
| Q1 24 | $55.9M | $25.8M |
| Q4 25 | 35.0% | 23.1% | ||
| Q3 25 | 34.0% | 22.3% | ||
| Q2 25 | 34.2% | 24.2% | ||
| Q1 25 | 32.7% | 25.6% | ||
| Q4 24 | 33.6% | 24.3% | ||
| Q3 24 | 33.8% | 25.2% | ||
| Q2 24 | 34.1% | 24.6% | ||
| Q1 24 | 33.8% | 22.4% |
| Q4 25 | 14.6% | 11.1% | ||
| Q3 25 | 13.7% | 9.9% | ||
| Q2 25 | 13.3% | 11.1% | ||
| Q1 25 | 10.2% | 11.5% | ||
| Q4 24 | 13.1% | 9.6% | ||
| Q3 24 | 13.3% | 11.4% | ||
| Q2 24 | 12.9% | 11.2% | ||
| Q1 24 | 12.7% | 7.8% |
| Q4 25 | 10.2% | -5.9% | ||
| Q3 25 | 9.6% | 6.0% | ||
| Q2 25 | 9.1% | 7.5% | ||
| Q1 25 | 6.6% | 7.7% | ||
| Q4 24 | 8.9% | 6.6% | ||
| Q3 24 | 9.0% | 7.0% | ||
| Q2 24 | 8.8% | 7.2% | ||
| Q1 24 | 8.1% | 4.3% |
| Q4 25 | $2.81 | $-0.90 | ||
| Q3 25 | $2.74 | $0.83 | ||
| Q2 25 | $2.52 | $0.95 | ||
| Q1 25 | $1.64 | $0.92 | ||
| Q4 24 | $2.39 | $0.76 | ||
| Q3 24 | $2.44 | $0.86 | ||
| Q2 24 | $2.30 | $0.88 | ||
| Q1 24 | $1.97 | $0.48 |
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 | $98.7M |
| Total DebtLower is stronger | $886.6M | $570.7M |
| Stockholders' EquityBook value | $709.9M | $1.1B |
| Total Assets | $2.1B | $2.5B |
| Debt / EquityLower = less leverage | 1.25× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $321.9M | $98.7M | ||
| Q3 25 | $333.3M | $83.8M | ||
| Q2 25 | $305.2M | $124.5M | ||
| Q1 25 | $298.7M | $71.6M | ||
| Q4 24 | $327.6M | $83.8M | ||
| Q3 24 | $406.2M | $78.6M | ||
| Q2 24 | $380.3M | $72.9M | ||
| Q1 24 | $399.9M | $60.1M |
| Q4 25 | $886.6M | $570.7M | ||
| Q3 25 | $880.8M | $525.8M | ||
| Q2 25 | $876.1M | $482.1M | ||
| Q1 25 | $872.4M | $296.7M | ||
| Q4 24 | $874.8M | $330.0M | ||
| Q3 24 | $872.3M | $359.1M | ||
| Q2 24 | $875.8M | $405.7M | ||
| Q1 24 | $875.0M | $399.9M |
| Q4 25 | $709.9M | $1.1B | ||
| Q3 25 | $678.6M | $1.1B | ||
| Q2 25 | $664.5M | $1.0B | ||
| Q1 25 | $660.9M | $910.2M | ||
| Q4 24 | $705.3M | $855.1M | ||
| Q3 24 | $716.4M | $858.8M | ||
| Q2 24 | $685.3M | $788.4M | ||
| Q1 24 | $679.2M | $747.6M |
| Q4 25 | $2.1B | $2.5B | ||
| Q3 25 | $2.1B | $2.4B | ||
| Q2 25 | $2.0B | $2.2B | ||
| Q1 25 | $2.0B | $1.9B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.1B | $1.9B | ||
| Q2 24 | $2.0B | $1.9B | ||
| Q1 24 | $2.0B | $1.9B |
| Q4 25 | 1.25× | 0.51× | ||
| Q3 25 | 1.30× | 0.50× | ||
| Q2 25 | 1.32× | 0.48× | ||
| Q1 25 | 1.32× | 0.33× | ||
| Q4 24 | 1.24× | 0.39× | ||
| Q3 24 | 1.22× | 0.42× | ||
| Q2 24 | 1.28× | 0.51× | ||
| Q1 24 | 1.29× | 0.53× |
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 | $64.9M | $24.7M |
| Free Cash FlowOCF − Capex | $49.3M | $-17.1M |
| FCF MarginFCF / Revenue | 6.6% | -2.1% |
| Capex IntensityCapex / Revenue | 2.1% | 5.2% |
| Cash ConversionOCF / Net Profit | 0.85× | — |
| TTM Free Cash FlowTrailing 4 quarters | $300.8M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.9M | $24.7M | ||
| Q3 25 | $124.0M | $1.4M | ||
| Q2 25 | $90.4M | $27.7M | ||
| Q1 25 | $92.1M | $54.8M | ||
| Q4 24 | $74.8M | $60.7M | ||
| Q3 24 | $101.4M | $57.3M | ||
| Q2 24 | $79.0M | $40.5M | ||
| Q1 24 | $84.8M | $39.6M |
| Q4 25 | $49.3M | $-17.1M | ||
| Q3 25 | $104.8M | $-30.5M | ||
| Q2 25 | $74.8M | $200.0K | ||
| Q1 25 | $71.9M | $27.1M | ||
| Q4 24 | $52.9M | $44.7M | ||
| Q3 24 | $77.3M | $43.8M | ||
| Q2 24 | $58.2M | $13.7M | ||
| Q1 24 | $63.0M | $-4.3M |
| Q4 25 | 6.6% | -2.1% | ||
| Q3 25 | 13.5% | -4.1% | ||
| Q2 25 | 9.8% | 0.0% | ||
| Q1 25 | 10.5% | 4.2% | ||
| Q4 24 | 7.1% | 7.2% | ||
| Q3 24 | 10.2% | 6.7% | ||
| Q2 24 | 7.9% | 2.1% | ||
| Q1 24 | 9.1% | -0.7% |
| Q4 25 | 2.1% | 5.2% | ||
| Q3 25 | 2.5% | 4.3% | ||
| Q2 25 | 2.1% | 4.0% | ||
| Q1 25 | 2.9% | 4.3% | ||
| Q4 24 | 2.9% | 2.6% | ||
| Q3 24 | 3.2% | 2.1% | ||
| Q2 24 | 2.8% | 4.1% | ||
| Q1 24 | 3.1% | 7.3% |
| Q4 25 | 0.85× | — | ||
| Q3 25 | 1.67× | 0.03× | ||
| Q2 25 | 1.31× | 0.54× | ||
| Q1 25 | 2.03× | 1.10× | ||
| Q4 24 | 1.12× | 1.48× | ||
| Q3 24 | 1.48× | 1.24× | ||
| Q2 24 | 1.21× | 0.86× | ||
| Q1 24 | 1.52× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
