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Side-by-side financial comparison of Installed Building Products, Inc. (IBP) and PEGASYSTEMS INC (PEGA). 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 $430.0M, roughly 1.7× PEGASYSTEMS INC). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 7.6%, a 2.6% gap on every dollar of revenue. On growth, Installed Building Products, Inc. posted the faster year-over-year revenue change (-0.4% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $49.3M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
IBP vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $747.5M | $430.0M |
| Net Profit | $76.6M | $32.8M |
| Gross Margin | 35.0% | 75.2% |
| Operating Margin | 14.6% | 8.6% |
| Net Margin | 10.2% | 7.6% |
| Revenue YoY | -0.4% | -9.6% |
| Net Profit YoY | 14.5% | -61.6% |
| EPS (diluted) | $2.81 | $0.18 |
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.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $747.5M | $504.3M | ||
| Q3 25 | $778.2M | $381.4M | ||
| Q2 25 | $760.3M | $384.5M | ||
| Q1 25 | $684.8M | $475.6M | ||
| Q4 24 | $750.2M | $490.8M | ||
| Q3 24 | $760.6M | $325.1M | ||
| Q2 24 | $737.6M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $76.6M | $234.6M | ||
| Q3 25 | $74.4M | $43.4M | ||
| Q2 25 | $69.0M | $30.1M | ||
| Q1 25 | $45.4M | $85.4M | ||
| Q4 24 | $66.9M | $119.1M | ||
| Q3 24 | $68.6M | $-14.4M | ||
| Q2 24 | $65.2M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 35.0% | 79.5% | ||
| Q3 25 | 34.0% | 72.2% | ||
| Q2 25 | 34.2% | 71.5% | ||
| Q1 25 | 32.7% | 78.5% | ||
| Q4 24 | 33.6% | 79.1% | ||
| Q3 24 | 33.8% | 70.2% | ||
| Q2 24 | 34.1% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 14.6% | 20.7% | ||
| Q3 25 | 13.7% | 3.8% | ||
| Q2 25 | 13.3% | 4.5% | ||
| Q1 25 | 10.2% | 26.7% | ||
| Q4 24 | 13.1% | 29.1% | ||
| Q3 24 | 13.3% | -3.6% | ||
| Q2 24 | 12.9% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 10.2% | 46.5% | ||
| Q3 25 | 9.6% | 11.4% | ||
| Q2 25 | 9.1% | 7.8% | ||
| Q1 25 | 6.6% | 18.0% | ||
| Q4 24 | 8.9% | 24.3% | ||
| Q3 24 | 9.0% | -4.4% | ||
| Q2 24 | 8.8% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $2.81 | $0.81 | ||
| Q3 25 | $2.74 | $0.24 | ||
| Q2 25 | $2.52 | $0.17 | ||
| Q1 25 | $1.64 | $0.91 | ||
| Q4 24 | $2.39 | $1.35 | ||
| Q3 24 | $2.44 | $-0.17 | ||
| Q2 24 | $2.30 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | $886.6M | — |
| Stockholders' EquityBook value | $709.9M | $705.9M |
| Total Assets | $2.1B | $1.6B |
| Debt / EquityLower = less leverage | 1.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $321.9M | $425.8M | ||
| Q3 25 | $333.3M | $351.4M | ||
| Q2 25 | $305.2M | $411.6M | ||
| Q1 25 | $298.7M | $371.7M | ||
| Q4 24 | $327.6M | $740.0M | ||
| Q3 24 | $406.2M | $703.0M | ||
| Q2 24 | $380.3M | $665.1M |
| Q1 26 | — | — | ||
| 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 26 | — | $705.9M | ||
| Q4 25 | $709.9M | $787.4M | ||
| Q3 25 | $678.6M | $596.8M | ||
| Q2 25 | $664.5M | $624.5M | ||
| Q1 25 | $660.9M | $611.3M | ||
| Q4 24 | $705.3M | $585.5M | ||
| Q3 24 | $716.4M | $473.0M | ||
| Q2 24 | $685.3M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.0B | $1.3B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.1B | $1.6B | ||
| Q2 24 | $2.0B | $1.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | $49.3M | $206.5M |
| FCF MarginFCF / Revenue | 6.6% | 48.0% |
| Capex IntensityCapex / Revenue | 2.1% | — |
| Cash ConversionOCF / Net Profit | 0.85× | — |
| TTM Free Cash FlowTrailing 4 quarters | $300.8M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $64.9M | $158.4M | ||
| Q3 25 | $124.0M | $56.3M | ||
| Q2 25 | $90.4M | $86.3M | ||
| Q1 25 | $92.1M | $204.2M | ||
| Q4 24 | $74.8M | $95.2M | ||
| Q3 24 | $101.4M | $30.5M | ||
| Q2 24 | $79.0M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $49.3M | $152.4M | ||
| Q3 25 | $104.8M | $51.8M | ||
| Q2 25 | $74.8M | $84.1M | ||
| Q1 25 | $71.9M | $202.3M | ||
| Q4 24 | $52.9M | $92.4M | ||
| Q3 24 | $77.3M | $27.4M | ||
| Q2 24 | $58.2M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 6.6% | 30.2% | ||
| Q3 25 | 13.5% | 13.6% | ||
| Q2 25 | 9.8% | 21.9% | ||
| Q1 25 | 10.5% | 42.5% | ||
| Q4 24 | 7.1% | 18.8% | ||
| Q3 24 | 10.2% | 8.4% | ||
| Q2 24 | 7.9% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 1.2% | ||
| Q3 25 | 2.5% | 1.2% | ||
| Q2 25 | 2.1% | 0.6% | ||
| Q1 25 | 2.9% | 0.4% | ||
| Q4 24 | 2.9% | 0.6% | ||
| Q3 24 | 3.2% | 0.9% | ||
| Q2 24 | 2.8% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.85× | 0.68× | ||
| Q3 25 | 1.67× | 1.30× | ||
| Q2 25 | 1.31× | 2.87× | ||
| Q1 25 | 2.03× | 2.39× | ||
| Q4 24 | 1.12× | 0.80× | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 1.21× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
