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Side-by-side financial comparison of Installed Building Products, Inc. (IBP) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
Sinclair, Inc. is the larger business by last-quarter revenue ($807.0M vs $747.5M, roughly 1.1× Installed Building Products, Inc.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 2.5%, a 7.8% gap on every dollar of revenue. On growth, Sinclair, Inc. posted the faster year-over-year revenue change (4.0% vs -0.4%). Over the past eight quarters, Installed Building Products, Inc.'s revenue compounded faster (3.9% CAGR vs -1.3%).
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.
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...
IBP vs SBGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $747.5M | $807.0M |
| Net Profit | $76.6M | $20.0M |
| Gross Margin | 35.0% | — |
| Operating Margin | 14.6% | 0.0% |
| Net Margin | 10.2% | 2.5% |
| Revenue YoY | -0.4% | 4.0% |
| Net Profit YoY | 14.5% | — |
| EPS (diluted) | $2.81 | $0.28 |
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 | — | $807.0M | ||
| Q4 25 | $747.5M | $836.0M | ||
| Q3 25 | $778.2M | $773.0M | ||
| Q2 25 | $760.3M | $784.0M | ||
| Q1 25 | $684.8M | $776.0M | ||
| Q4 24 | $750.2M | $1.0B | ||
| Q3 24 | $760.6M | $917.0M | ||
| Q2 24 | $737.6M | $829.0M |
| Q1 26 | — | $20.0M | ||
| Q4 25 | $76.6M | $109.0M | ||
| Q3 25 | $74.4M | $-1.0M | ||
| Q2 25 | $69.0M | $-64.0M | ||
| Q1 25 | $45.4M | $-156.0M | ||
| Q4 24 | $66.9M | $176.0M | ||
| Q3 24 | $68.6M | $94.0M | ||
| Q2 24 | $65.2M | $17.0M |
| 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 | — | 0.0% | ||
| Q4 25 | 14.6% | 9.6% | ||
| Q3 25 | 13.7% | 7.5% | ||
| Q2 25 | 13.3% | 2.7% | ||
| Q1 25 | 10.2% | 1.8% | ||
| Q4 24 | 13.1% | 26.5% | ||
| Q3 24 | 13.3% | 19.5% | ||
| Q2 24 | 12.9% | 7.7% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 10.2% | 13.0% | ||
| Q3 25 | 9.6% | -0.1% | ||
| Q2 25 | 9.1% | -8.2% | ||
| Q1 25 | 6.6% | -20.1% | ||
| Q4 24 | 8.9% | 17.5% | ||
| Q3 24 | 9.0% | 10.3% | ||
| Q2 24 | 8.8% | 2.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $2.81 | $1.62 | ||
| Q3 25 | $2.74 | $-0.02 | ||
| Q2 25 | $2.52 | $-0.91 | ||
| Q1 25 | $1.64 | $-2.30 | ||
| Q4 24 | $2.39 | $2.64 | ||
| Q3 24 | $2.44 | $1.43 | ||
| Q2 24 | $2.30 | $0.27 |
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 | — |
| Total DebtLower is stronger | $886.6M | — |
| Stockholders' EquityBook value | $709.9M | — |
| Total Assets | $2.1B | — |
| Debt / EquityLower = less leverage | 1.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $321.9M | $866.0M | ||
| Q3 25 | $333.3M | $526.0M | ||
| Q2 25 | $305.2M | $616.0M | ||
| Q1 25 | $298.7M | $631.0M | ||
| Q4 24 | $327.6M | $697.0M | ||
| Q3 24 | $406.2M | $536.0M | ||
| Q2 24 | $380.3M | $378.0M |
| Q1 26 | — | — | ||
| Q4 25 | $886.6M | $4.4B | ||
| Q3 25 | $880.8M | $4.1B | ||
| Q2 25 | $876.1M | $4.1B | ||
| Q1 25 | $872.4M | $4.2B | ||
| Q4 24 | $874.8M | $4.1B | ||
| Q3 24 | $872.3M | $4.1B | ||
| Q2 24 | $875.8M | $4.1B |
| Q1 26 | — | — | ||
| Q4 25 | $709.9M | $443.0M | ||
| Q3 25 | $678.6M | $347.0M | ||
| Q2 25 | $664.5M | $361.0M | ||
| Q1 25 | $660.9M | $436.0M | ||
| Q4 24 | $705.3M | $583.0M | ||
| Q3 24 | $716.4M | $415.0M | ||
| Q2 24 | $685.3M | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $5.9B | ||
| Q3 25 | $2.1B | $5.6B | ||
| Q2 25 | $2.0B | $5.7B | ||
| Q1 25 | $2.0B | $5.8B | ||
| Q4 24 | $2.1B | $5.9B | ||
| Q3 24 | $2.1B | $5.8B | ||
| Q2 24 | $2.0B | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 9.84× | ||
| Q3 25 | 1.30× | 11.75× | ||
| Q2 25 | 1.32× | 11.30× | ||
| Q1 25 | 1.32× | 9.56× | ||
| Q4 24 | 1.24× | 7.02× | ||
| Q3 24 | 1.22× | 9.86× | ||
| Q2 24 | 1.28× | 12.08× |
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% | 1.7% |
| 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 | $98.0M | ||
| Q3 25 | $124.0M | $-36.0M | ||
| Q2 25 | $90.4M | $122.0M | ||
| Q1 25 | $92.1M | $5.0M | ||
| Q4 24 | $74.8M | $198.0M | ||
| Q3 24 | $101.4M | $210.0M | ||
| Q2 24 | $79.0M | $-306.0M |
| Q1 26 | — | — | ||
| Q4 25 | $49.3M | $79.0M | ||
| Q3 25 | $104.8M | $-58.0M | ||
| Q2 25 | $74.8M | $105.0M | ||
| Q1 25 | $71.9M | $-11.0M | ||
| Q4 24 | $52.9M | $175.0M | ||
| Q3 24 | $77.3M | $193.0M | ||
| Q2 24 | $58.2M | $-329.0M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 9.4% | ||
| Q3 25 | 13.5% | -7.5% | ||
| Q2 25 | 9.8% | 13.4% | ||
| Q1 25 | 10.5% | -1.4% | ||
| Q4 24 | 7.1% | 17.4% | ||
| Q3 24 | 10.2% | 21.0% | ||
| Q2 24 | 7.9% | -39.7% |
| Q1 26 | — | 1.7% | ||
| Q4 25 | 2.1% | 2.3% | ||
| Q3 25 | 2.5% | 2.8% | ||
| Q2 25 | 2.1% | 2.2% | ||
| Q1 25 | 2.9% | 2.1% | ||
| Q4 24 | 2.9% | 2.3% | ||
| Q3 24 | 3.2% | 1.9% | ||
| Q2 24 | 2.8% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.85× | 0.90× | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 2.03× | — | ||
| Q4 24 | 1.12× | 1.13× | ||
| Q3 24 | 1.48× | 2.23× | ||
| Q2 24 | 1.21× | -18.00× |
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% |
SBGI
| Media revenue | $701.0M | 87% |
| Other | $82.0M | 10% |
| Political advertising revenue | $18.0M | 2% |
| Non-media revenue | $6.0M | 1% |
