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Side-by-side financial comparison of Installed Building Products, Inc. (IBP) and Sally Beauty Holdings, Inc. (SBH). Click either name above to swap in a different company.
Sally Beauty Holdings, Inc. is the larger business by last-quarter revenue ($943.2M vs $747.5M, roughly 1.3× Installed Building Products, Inc.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 4.8%, a 5.4% gap on every dollar of revenue. On growth, Sally Beauty Holdings, Inc. posted the faster year-over-year revenue change (0.6% vs -0.4%). Sally Beauty Holdings, Inc. produced more free cash flow last quarter ($57.5M vs $49.3M). Over the past eight quarters, Installed Building Products, Inc.'s revenue compounded faster (3.9% CAGR vs 1.9%).
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.
Sally Beauty Holdings, Inc. is an American international specialty retailer and distributor of professional beauty supplies with revenues of more than $3.9 billion annually.
IBP vs SBH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $747.5M | $943.2M |
| Net Profit | $76.6M | $45.6M |
| Gross Margin | 35.0% | 51.2% |
| Operating Margin | 14.6% | 8.1% |
| Net Margin | 10.2% | 4.8% |
| Revenue YoY | -0.4% | 0.6% |
| Net Profit YoY | 14.5% | -25.3% |
| EPS (diluted) | $2.81 | $0.45 |
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 | $943.2M | ||
| Q3 25 | $778.2M | $947.1M | ||
| Q2 25 | $760.3M | $933.3M | ||
| Q1 25 | $684.8M | $883.1M | ||
| Q4 24 | $750.2M | $937.9M | ||
| Q3 24 | $760.6M | $935.0M | ||
| Q2 24 | $737.6M | $942.3M | ||
| Q1 24 | $692.9M | $908.4M |
| Q4 25 | $76.6M | $45.6M | ||
| Q3 25 | $74.4M | $49.9M | ||
| Q2 25 | $69.0M | $45.7M | ||
| Q1 25 | $45.4M | $39.2M | ||
| Q4 24 | $66.9M | $61.0M | ||
| Q3 24 | $68.6M | $48.1M | ||
| Q2 24 | $65.2M | $37.7M | ||
| Q1 24 | $55.9M | $29.2M |
| Q4 25 | 35.0% | 51.2% | ||
| Q3 25 | 34.0% | 52.2% | ||
| Q2 25 | 34.2% | 51.5% | ||
| Q1 25 | 32.7% | 52.0% | ||
| Q4 24 | 33.6% | 50.8% | ||
| Q3 24 | 33.8% | 51.2% | ||
| Q2 24 | 34.1% | 51.0% | ||
| Q1 24 | 33.8% | 51.0% |
| Q4 25 | 14.6% | 8.1% | ||
| Q3 25 | 13.7% | 8.4% | ||
| Q2 25 | 13.3% | 8.4% | ||
| Q1 25 | 10.2% | 7.9% | ||
| Q4 24 | 13.1% | 10.7% | ||
| Q3 24 | 13.3% | 8.8% | ||
| Q2 24 | 12.9% | 7.6% | ||
| Q1 24 | 12.7% | 6.6% |
| Q4 25 | 10.2% | 4.8% | ||
| Q3 25 | 9.6% | 5.3% | ||
| Q2 25 | 9.1% | 4.9% | ||
| Q1 25 | 6.6% | 4.4% | ||
| Q4 24 | 8.9% | 6.5% | ||
| Q3 24 | 9.0% | 5.1% | ||
| Q2 24 | 8.8% | 4.0% | ||
| Q1 24 | 8.1% | 3.2% |
| Q4 25 | $2.81 | $0.45 | ||
| Q3 25 | $2.74 | $0.49 | ||
| Q2 25 | $2.52 | $0.44 | ||
| Q1 25 | $1.64 | $0.38 | ||
| Q4 24 | $2.39 | $0.58 | ||
| Q3 24 | $2.44 | $0.45 | ||
| Q2 24 | $2.30 | $0.36 | ||
| Q1 24 | $1.97 | $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 | $157.2M |
| Total DebtLower is stronger | $886.6M | $842.5M |
| Stockholders' EquityBook value | $709.9M | $823.6M |
| Total Assets | $2.1B | $2.9B |
| Debt / EquityLower = less leverage | 1.25× | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $321.9M | $157.2M | ||
| Q3 25 | $333.3M | $149.2M | ||
| Q2 25 | $305.2M | $112.8M | ||
| Q1 25 | $298.7M | $92.2M | ||
| Q4 24 | $327.6M | $105.5M | ||
| Q3 24 | $406.2M | $108.0M | ||
| Q2 24 | $380.3M | $97.4M | ||
| Q1 24 | $399.9M | $97.2M |
| Q4 25 | $886.6M | $842.5M | ||
| Q3 25 | $880.8M | $862.0M | ||
| Q2 25 | $876.1M | $882.4M | ||
| Q1 25 | $872.4M | $902.8M | ||
| Q4 24 | $874.8M | $938.1M | ||
| Q3 24 | $872.3M | $978.3M | ||
| Q2 24 | $875.8M | $978.9M | ||
| Q1 24 | $875.0M | $978.4M |
| Q4 25 | $709.9M | $823.6M | ||
| Q3 25 | $678.6M | $794.2M | ||
| Q2 25 | $664.5M | $762.9M | ||
| Q1 25 | $660.9M | $699.8M | ||
| Q4 24 | $705.3M | $656.5M | ||
| Q3 24 | $716.4M | $628.5M | ||
| Q2 24 | $685.3M | $577.7M | ||
| Q1 24 | $679.2M | $550.9M |
| Q4 25 | $2.1B | $2.9B | ||
| Q3 25 | $2.1B | $2.9B | ||
| Q2 25 | $2.0B | $2.7B | ||
| Q1 25 | $2.0B | $2.7B | ||
| Q4 24 | $2.1B | $2.7B | ||
| Q3 24 | $2.1B | $2.8B | ||
| Q2 24 | $2.0B | $2.7B | ||
| Q1 24 | $2.0B | $2.7B |
| Q4 25 | 1.25× | 1.02× | ||
| Q3 25 | 1.30× | 1.09× | ||
| Q2 25 | 1.32× | 1.16× | ||
| Q1 25 | 1.32× | 1.29× | ||
| Q4 24 | 1.24× | 1.43× | ||
| Q3 24 | 1.22× | 1.56× | ||
| Q2 24 | 1.28× | 1.69× | ||
| Q1 24 | 1.29× | 1.78× |
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 | $93.2M |
| Free Cash FlowOCF − Capex | $49.3M | $57.5M |
| FCF MarginFCF / Revenue | 6.6% | 6.1% |
| Capex IntensityCapex / Revenue | 2.1% | 3.8% |
| Cash ConversionOCF / Net Profit | 0.85× | 2.05× |
| TTM Free Cash FlowTrailing 4 quarters | $300.8M | $216.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.9M | $93.2M | ||
| Q3 25 | $124.0M | $120.9M | ||
| Q2 25 | $90.4M | $69.4M | ||
| Q1 25 | $92.1M | $51.1M | ||
| Q4 24 | $74.8M | $33.5M | ||
| Q3 24 | $101.4M | $110.7M | ||
| Q2 24 | $79.0M | $47.9M | ||
| Q1 24 | $84.8M | $36.9M |
| Q4 25 | $49.3M | $57.5M | ||
| Q3 25 | $104.8M | $78.0M | ||
| Q2 25 | $74.8M | $49.1M | ||
| Q1 25 | $71.9M | $32.2M | ||
| Q4 24 | $52.9M | $13.4M | ||
| Q3 24 | $77.3M | $73.3M | ||
| Q2 24 | $58.2M | $28.7M | ||
| Q1 24 | $63.0M | $22.8M |
| Q4 25 | 6.6% | 6.1% | ||
| Q3 25 | 13.5% | 8.2% | ||
| Q2 25 | 9.8% | 5.3% | ||
| Q1 25 | 10.5% | 3.6% | ||
| Q4 24 | 7.1% | 1.4% | ||
| Q3 24 | 10.2% | 7.8% | ||
| Q2 24 | 7.9% | 3.1% | ||
| Q1 24 | 9.1% | 2.5% |
| Q4 25 | 2.1% | 3.8% | ||
| Q3 25 | 2.5% | 4.5% | ||
| Q2 25 | 2.1% | 2.2% | ||
| Q1 25 | 2.9% | 2.1% | ||
| Q4 24 | 2.9% | 2.1% | ||
| Q3 24 | 3.2% | 4.0% | ||
| Q2 24 | 2.8% | 2.0% | ||
| Q1 24 | 3.1% | 1.6% |
| Q4 25 | 0.85× | 2.05× | ||
| Q3 25 | 1.67× | 2.42× | ||
| Q2 25 | 1.31× | 1.52× | ||
| Q1 25 | 2.03× | 1.30× | ||
| Q4 24 | 1.12× | 0.55× | ||
| Q3 24 | 1.48× | 2.30× | ||
| Q2 24 | 1.21× | 1.27× | ||
| Q1 24 | 1.52× | 1.26× |
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% |
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
