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Side-by-side financial comparison of Installed Building Products, Inc. (IBP) and Envista Holdings Corp (NVST). Click either name above to swap in a different company.

Envista Holdings Corp is the larger business by last-quarter revenue ($750.6M vs $747.5M, roughly 1.0× Installed Building Products, Inc.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 4.4%, a 5.9% gap on every dollar of revenue. On growth, Envista Holdings Corp posted the faster year-over-year revenue change (15.0% vs -0.4%). Envista Holdings Corp produced more free cash flow last quarter ($91.7M vs $49.3M). Over the past eight quarters, Envista Holdings Corp's revenue compounded faster (9.7% 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.

Envista Forensics is a United States based company that provides forensic engineering and recovery solutions for the insurance, legal, and risk management industries in the United States and internationally. Originally LWG Consulting, Inc., The company rebranded itself as Envista Forensics in 2017.

IBP vs NVST — Head-to-Head

Bigger by revenue
NVST
NVST
1.0× larger
NVST
$750.6M
$747.5M
IBP
Growing faster (revenue YoY)
NVST
NVST
+15.3% gap
NVST
15.0%
-0.4%
IBP
Higher net margin
IBP
IBP
5.9% more per $
IBP
10.2%
4.4%
NVST
More free cash flow
NVST
NVST
$42.4M more FCF
NVST
$91.7M
$49.3M
IBP
Faster 2-yr revenue CAGR
NVST
NVST
Annualised
NVST
9.7%
3.9%
IBP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IBP
IBP
NVST
NVST
Revenue
$747.5M
$750.6M
Net Profit
$76.6M
$32.9M
Gross Margin
35.0%
54.7%
Operating Margin
14.6%
9.8%
Net Margin
10.2%
4.4%
Revenue YoY
-0.4%
15.0%
Net Profit YoY
14.5%
2641.7%
EPS (diluted)
$2.81
$0.20

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
IBP
IBP
NVST
NVST
Q4 25
$747.5M
$750.6M
Q3 25
$778.2M
$669.9M
Q2 25
$760.3M
$682.1M
Q1 25
$684.8M
$616.9M
Q4 24
$750.2M
$652.9M
Q3 24
$760.6M
$601.0M
Q2 24
$737.6M
$633.1M
Q1 24
$692.9M
$623.6M
Net Profit
IBP
IBP
NVST
NVST
Q4 25
$76.6M
$32.9M
Q3 25
$74.4M
$-30.3M
Q2 25
$69.0M
$26.4M
Q1 25
$45.4M
$18.0M
Q4 24
$66.9M
$1.2M
Q3 24
$68.6M
$8.2M
Q2 24
$65.2M
$-1.2B
Q1 24
$55.9M
$23.6M
Gross Margin
IBP
IBP
NVST
NVST
Q4 25
35.0%
54.7%
Q3 25
34.0%
55.3%
Q2 25
34.2%
54.2%
Q1 25
32.7%
54.5%
Q4 24
33.6%
57.1%
Q3 24
33.8%
52.8%
Q2 24
34.1%
51.6%
Q1 24
33.8%
57.1%
Operating Margin
IBP
IBP
NVST
NVST
Q4 25
14.6%
9.8%
Q3 25
13.7%
8.6%
Q2 25
13.3%
6.8%
Q1 25
10.2%
6.3%
Q4 24
13.1%
7.1%
Q3 24
13.3%
3.5%
Q2 24
12.9%
-182.2%
Q1 24
12.7%
7.7%
Net Margin
IBP
IBP
NVST
NVST
Q4 25
10.2%
4.4%
Q3 25
9.6%
-4.5%
Q2 25
9.1%
3.9%
Q1 25
6.6%
2.9%
Q4 24
8.9%
0.2%
Q3 24
9.0%
1.4%
Q2 24
8.8%
-181.9%
Q1 24
8.1%
3.8%
EPS (diluted)
IBP
IBP
NVST
NVST
Q4 25
$2.81
$0.20
Q3 25
$2.74
$-0.18
Q2 25
$2.52
$0.16
Q1 25
$1.64
$0.10
Q4 24
$2.39
$0.00
Q3 24
$2.44
$0.05
Q2 24
$2.30
$-6.69
Q1 24
$1.97
$0.14

Balance Sheet & Financial Strength

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

Metric
IBP
IBP
NVST
NVST
Cash + ST InvestmentsLiquidity on hand
$321.9M
$1.2B
Total DebtLower is stronger
$886.6M
$1.4B
Stockholders' EquityBook value
$709.9M
$3.1B
Total Assets
$2.1B
$5.7B
Debt / EquityLower = less leverage
1.25×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBP
IBP
NVST
NVST
Q4 25
$321.9M
$1.2B
Q3 25
$333.3M
$1.1B
Q2 25
$305.2M
$1.1B
Q1 25
$298.7M
$1.1B
Q4 24
$327.6M
$1.1B
Q3 24
$406.2M
$991.3M
Q2 24
$380.3M
$1.0B
Q1 24
$399.9M
$948.5M
Total Debt
IBP
IBP
NVST
NVST
Q4 25
$886.6M
$1.4B
Q3 25
$880.8M
$1.4B
Q2 25
$876.1M
$1.4B
Q1 25
$872.4M
$1.4B
Q4 24
$874.8M
$1.4B
Q3 24
$872.3M
$1.4B
Q2 24
$875.8M
$1.5B
Q1 24
$875.0M
$1.5B
Stockholders' Equity
IBP
IBP
NVST
NVST
Q4 25
$709.9M
$3.1B
Q3 25
$678.6M
$3.1B
Q2 25
$664.5M
$3.1B
Q1 25
$660.9M
$3.0B
Q4 24
$705.3M
$2.9B
Q3 24
$716.4M
$3.1B
Q2 24
$685.3M
$3.0B
Q1 24
$679.2M
$4.1B
Total Assets
IBP
IBP
NVST
NVST
Q4 25
$2.1B
$5.7B
Q3 25
$2.1B
$5.6B
Q2 25
$2.0B
$5.7B
Q1 25
$2.0B
$5.5B
Q4 24
$2.1B
$5.4B
Q3 24
$2.1B
$5.5B
Q2 24
$2.0B
$5.4B
Q1 24
$2.0B
$6.6B
Debt / Equity
IBP
IBP
NVST
NVST
Q4 25
1.25×
0.47×
Q3 25
1.30×
0.47×
Q2 25
1.32×
0.46×
Q1 25
1.32×
0.47×
Q4 24
1.24×
0.48×
Q3 24
1.22×
0.46×
Q2 24
1.28×
0.51×
Q1 24
1.29×
0.36×

Cash Flow & Capital Efficiency

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

Metric
IBP
IBP
NVST
NVST
Operating Cash FlowLast quarter
$64.9M
$108.0M
Free Cash FlowOCF − Capex
$49.3M
$91.7M
FCF MarginFCF / Revenue
6.6%
12.2%
Capex IntensityCapex / Revenue
2.1%
2.2%
Cash ConversionOCF / Net Profit
0.85×
3.28×
TTM Free Cash FlowTrailing 4 quarters
$300.8M
$230.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBP
IBP
NVST
NVST
Q4 25
$64.9M
$108.0M
Q3 25
$124.0M
$78.7M
Q2 25
$90.4M
$88.7M
Q1 25
$92.1M
$300.0K
Q4 24
$74.8M
$132.4M
Q3 24
$101.4M
$70.7M
Q2 24
$79.0M
$93.1M
Q1 24
$84.8M
$40.3M
Free Cash Flow
IBP
IBP
NVST
NVST
Q4 25
$49.3M
$91.7M
Q3 25
$104.8M
$67.9M
Q2 25
$74.8M
$76.4M
Q1 25
$71.9M
$-5.6M
Q4 24
$52.9M
$123.8M
Q3 24
$77.3M
$63.3M
Q2 24
$58.2M
$86.3M
Q1 24
$63.0M
$29.3M
FCF Margin
IBP
IBP
NVST
NVST
Q4 25
6.6%
12.2%
Q3 25
13.5%
10.1%
Q2 25
9.8%
11.2%
Q1 25
10.5%
-0.9%
Q4 24
7.1%
19.0%
Q3 24
10.2%
10.5%
Q2 24
7.9%
13.6%
Q1 24
9.1%
4.7%
Capex Intensity
IBP
IBP
NVST
NVST
Q4 25
2.1%
2.2%
Q3 25
2.5%
1.6%
Q2 25
2.1%
1.8%
Q1 25
2.9%
1.0%
Q4 24
2.9%
1.3%
Q3 24
3.2%
1.2%
Q2 24
2.8%
1.1%
Q1 24
3.1%
1.8%
Cash Conversion
IBP
IBP
NVST
NVST
Q4 25
0.85×
3.28×
Q3 25
1.67×
Q2 25
1.31×
3.36×
Q1 25
2.03×
0.02×
Q4 24
1.12×
110.33×
Q3 24
1.48×
8.62×
Q2 24
1.21×
Q1 24
1.52×
1.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

NVST
NVST

Other$375.8M50%
Specialty Productsand Technologies$188.4M25%
Equipmentand Consumables$186.4M25%

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