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Side-by-side financial comparison of Installed Building Products, Inc. (IBP) and QuidelOrtho Corp (QDEL). 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 $619.8M, roughly 1.2× QuidelOrtho Corp). Installed Building Products, Inc. runs the higher net margin — 10.2% vs -14.8%, a 25.1% gap on every dollar of revenue. On growth, Installed Building Products, Inc. posted the faster year-over-year revenue change (-0.4% vs -10.5%). Over the past eight quarters, Installed Building Products, Inc.'s revenue compounded faster (3.9% CAGR vs -6.6%).
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.
QuidelOrtho Corporation is an American manufacturer of diagnostic healthcare products that are sold worldwide.
IBP vs QDEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2027
| Metric | | |
|---|---|---|
| Revenue | $747.5M | $619.8M |
| Net Profit | $76.6M | $-91.8M |
| Gross Margin | 35.0% | — |
| Operating Margin | 14.6% | — |
| Net Margin | 10.2% | -14.8% |
| Revenue YoY | -0.4% | -10.5% |
| Net Profit YoY | 14.5% | — |
| EPS (diluted) | $2.81 | $-1.35 |
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 | — | $619.8M | ||
| Q4 25 | $747.5M | — | ||
| Q3 25 | $778.2M | $699.9M | ||
| Q2 25 | $760.3M | $613.9M | ||
| Q1 25 | $684.8M | $692.8M | ||
| Q4 24 | $750.2M | $707.8M | ||
| Q3 24 | $760.6M | $727.1M | ||
| Q2 24 | $737.6M | $637.0M |
| Q1 26 | — | $-91.8M | ||
| Q4 25 | $76.6M | — | ||
| Q3 25 | $74.4M | $-733.0M | ||
| Q2 25 | $69.0M | $-255.4M | ||
| Q1 25 | $45.4M | $-12.7M | ||
| Q4 24 | $66.9M | $-178.4M | ||
| Q3 24 | $68.6M | $-19.9M | ||
| Q2 24 | $65.2M | $-147.7M |
| Q1 26 | — | — | ||
| Q4 25 | 35.0% | — | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 34.2% | — | ||
| Q1 25 | 32.7% | — | ||
| Q4 24 | 33.6% | — | ||
| Q3 24 | 33.8% | — | ||
| Q2 24 | 34.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 14.6% | — | ||
| Q3 25 | 13.7% | -100.7% | ||
| Q2 25 | 13.3% | -29.4% | ||
| Q1 25 | 10.2% | 4.7% | ||
| Q4 24 | 13.1% | -14.2% | ||
| Q3 24 | 13.3% | 2.1% | ||
| Q2 24 | 12.9% | -18.4% |
| Q1 26 | — | -14.8% | ||
| Q4 25 | 10.2% | — | ||
| Q3 25 | 9.6% | -104.7% | ||
| Q2 25 | 9.1% | -41.6% | ||
| Q1 25 | 6.6% | -1.8% | ||
| Q4 24 | 8.9% | -25.2% | ||
| Q3 24 | 9.0% | -2.7% | ||
| Q2 24 | 8.8% | -23.2% |
| Q1 26 | — | $-1.35 | ||
| Q4 25 | $2.81 | — | ||
| Q3 25 | $2.74 | $-10.78 | ||
| Q2 25 | $2.52 | $-3.77 | ||
| Q1 25 | $1.64 | $-0.19 | ||
| Q4 24 | $2.39 | $-2.54 | ||
| Q3 24 | $2.44 | $-0.30 | ||
| Q2 24 | $2.30 | $-2.20 |
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 | $140.4M |
| Total DebtLower is stronger | $886.6M | $2.5B |
| Stockholders' EquityBook value | $709.9M | $1.9B |
| Total Assets | $2.1B | $5.6B |
| Debt / EquityLower = less leverage | 1.25× | 1.33× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $140.4M | ||
| Q4 25 | $321.9M | — | ||
| Q3 25 | $333.3M | $98.1M | ||
| Q2 25 | $305.2M | $151.7M | ||
| Q1 25 | $298.7M | $127.1M | ||
| Q4 24 | $327.6M | $98.3M | ||
| Q3 24 | $406.2M | $143.7M | ||
| Q2 24 | $380.3M | $107.0M |
| Q1 26 | — | $2.5B | ||
| Q4 25 | $886.6M | — | ||
| Q3 25 | $880.8M | $2.5B | ||
| Q2 25 | $876.1M | $2.1B | ||
| Q1 25 | $872.4M | $2.1B | ||
| Q4 24 | $874.8M | $2.1B | ||
| Q3 24 | $872.3M | $2.2B | ||
| Q2 24 | $875.8M | $2.2B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $709.9M | — | ||
| Q3 25 | $678.6M | $2.0B | ||
| Q2 25 | $664.5M | $2.8B | ||
| Q1 25 | $660.9M | $3.0B | ||
| Q4 24 | $705.3M | $3.0B | ||
| Q3 24 | $716.4M | $3.2B | ||
| Q2 24 | $685.3M | $3.2B |
| Q1 26 | — | $5.6B | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $5.7B | ||
| Q2 25 | $2.0B | $6.4B | ||
| Q1 25 | $2.0B | $6.5B | ||
| Q4 24 | $2.1B | $6.4B | ||
| Q3 24 | $2.1B | $6.8B | ||
| Q2 24 | $2.0B | $6.7B |
| Q1 26 | — | 1.33× | ||
| Q4 25 | 1.25× | — | ||
| Q3 25 | 1.30× | 1.23× | ||
| Q2 25 | 1.32× | 0.74× | ||
| Q1 25 | 1.32× | 0.70× | ||
| Q4 24 | 1.24× | 0.72× | ||
| Q3 24 | 1.22× | 0.68× | ||
| Q2 24 | 1.28× | 0.70× |
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 | — |
| FCF MarginFCF / Revenue | 6.6% | — |
| Capex IntensityCapex / Revenue | 2.1% | — |
| Cash ConversionOCF / Net Profit | 0.85× | — |
| TTM Free Cash FlowTrailing 4 quarters | $300.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $64.9M | — | ||
| Q3 25 | $124.0M | $-45.5M | ||
| Q2 25 | $90.4M | $-46.8M | ||
| Q1 25 | $92.1M | $65.6M | ||
| Q4 24 | $74.8M | $63.7M | ||
| Q3 24 | $101.4M | $117.9M | ||
| Q2 24 | $79.0M | $-97.9M |
| Q1 26 | — | — | ||
| Q4 25 | $49.3M | — | ||
| Q3 25 | $104.8M | $-94.7M | ||
| Q2 25 | $74.8M | $-84.3M | ||
| Q1 25 | $71.9M | $9.4M | ||
| Q4 24 | $52.9M | $16.5M | ||
| Q3 24 | $77.3M | $71.4M | ||
| Q2 24 | $58.2M | $-133.2M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 13.5% | -13.5% | ||
| Q2 25 | 9.8% | -13.7% | ||
| Q1 25 | 10.5% | 1.4% | ||
| Q4 24 | 7.1% | 2.3% | ||
| Q3 24 | 10.2% | 9.8% | ||
| Q2 24 | 7.9% | -20.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.5% | 7.0% | ||
| Q2 25 | 2.1% | 6.1% | ||
| Q1 25 | 2.9% | 8.1% | ||
| Q4 24 | 2.9% | 6.7% | ||
| Q3 24 | 3.2% | 6.4% | ||
| Q2 24 | 2.8% | 5.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.85× | — | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 2.03× | — | ||
| Q4 24 | 1.12× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 1.21× | — |
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% |
QDEL
| Labs | $353.1M | 57% |
| Immunohematology | $138.3M | 22% |
| Point of Care | $112.8M | 18% |
| Molecular Diagnostics | $7.8M | 1% |
