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Side-by-side financial comparison of Installed Building Products, Inc. (IBP) and Shake Shack Inc. (SHAK). 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 $366.7M, roughly 2.0× Shake Shack Inc.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs -0.1%, a 10.3% gap on every dollar of revenue. On growth, Shake Shack Inc. posted the faster year-over-year revenue change (14.3% vs -0.4%). Over the past eight quarters, Shake Shack Inc.'s revenue compounded faster (7.6% 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.
Shake Shack is an American multinational fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew. In 2004, it received a permit to open a permanent kiosk within the park, expanding its menu from New York–style hot dogs to one with hamburgers, hot dogs, fries and its namesake milkshakes.
IBP vs SHAK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $747.5M | $366.7M |
| Net Profit | $76.6M | $-294.0K |
| Gross Margin | 35.0% | — |
| Operating Margin | 14.6% | — |
| Net Margin | 10.2% | -0.1% |
| Revenue YoY | -0.4% | 14.3% |
| Net Profit YoY | 14.5% | — |
| EPS (diluted) | $2.81 | $-0.01 |
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 | — | $366.7M | ||
| Q4 25 | $747.5M | $400.5M | ||
| Q3 25 | $778.2M | $367.4M | ||
| Q2 25 | $760.3M | $356.5M | ||
| Q1 25 | $684.8M | $320.9M | ||
| Q4 24 | $750.2M | $328.7M | ||
| Q3 24 | $760.6M | $316.9M | ||
| Q2 24 | $737.6M | $316.5M |
| Q1 26 | — | $-294.0K | ||
| Q4 25 | $76.6M | $11.8M | ||
| Q3 25 | $74.4M | $12.5M | ||
| Q2 25 | $69.0M | $17.1M | ||
| Q1 25 | $45.4M | $4.2M | ||
| Q4 24 | $66.9M | $8.7M | ||
| Q3 24 | $68.6M | $-10.2M | ||
| Q2 24 | $65.2M | $9.7M |
| 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% | 4.7% | ||
| Q3 25 | 13.7% | 5.0% | ||
| Q2 25 | 13.3% | 6.3% | ||
| Q1 25 | 10.2% | 0.9% | ||
| Q4 24 | 13.1% | 3.1% | ||
| Q3 24 | 13.3% | -5.7% | ||
| Q2 24 | 12.9% | 3.4% |
| Q1 26 | — | -0.1% | ||
| Q4 25 | 10.2% | 3.0% | ||
| Q3 25 | 9.6% | 3.4% | ||
| Q2 25 | 9.1% | 4.8% | ||
| Q1 25 | 6.6% | 1.3% | ||
| Q4 24 | 8.9% | 2.6% | ||
| Q3 24 | 9.0% | -3.2% | ||
| Q2 24 | 8.8% | 3.1% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $2.81 | $0.28 | ||
| Q3 25 | $2.74 | $0.30 | ||
| Q2 25 | $2.52 | $0.41 | ||
| Q1 25 | $1.64 | $0.10 | ||
| Q4 24 | $2.39 | $0.22 | ||
| Q3 24 | $2.44 | $-0.26 | ||
| Q2 24 | $2.30 | $0.23 |
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 | $313.6M |
| Total DebtLower is stronger | $886.6M | $248.0M |
| Stockholders' EquityBook value | $709.9M | $554.6M |
| Total Assets | $2.1B | $1.9B |
| Debt / EquityLower = less leverage | 1.25× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $313.6M | ||
| Q4 25 | $321.9M | $360.1M | ||
| Q3 25 | $333.3M | $357.8M | ||
| Q2 25 | $305.2M | $336.8M | ||
| Q1 25 | $298.7M | $312.9M | ||
| Q4 24 | $327.6M | $320.7M | ||
| Q3 24 | $406.2M | $310.9M | ||
| Q2 24 | $380.3M | $304.4M |
| Q1 26 | — | $248.0M | ||
| Q4 25 | $886.6M | $247.7M | ||
| Q3 25 | $880.8M | $247.5M | ||
| Q2 25 | $876.1M | $247.2M | ||
| Q1 25 | $872.4M | $246.9M | ||
| Q4 24 | $874.8M | $246.7M | ||
| Q3 24 | $872.3M | $246.4M | ||
| Q2 24 | $875.8M | $246.2M |
| Q1 26 | — | $554.6M | ||
| Q4 25 | $709.9M | $525.3M | ||
| Q3 25 | $678.6M | $509.0M | ||
| Q2 25 | $664.5M | $494.1M | ||
| Q1 25 | $660.9M | $473.3M | ||
| Q4 24 | $705.3M | $470.0M | ||
| Q3 24 | $716.4M | $456.1M | ||
| Q2 24 | $685.3M | $462.4M |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $2.1B | $1.8B | ||
| Q2 25 | $2.0B | $1.8B | ||
| Q1 25 | $2.0B | $1.7B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.1B | $1.7B | ||
| Q2 24 | $2.0B | $1.7B |
| Q1 26 | — | 0.45× | ||
| Q4 25 | 1.25× | 0.47× | ||
| Q3 25 | 1.30× | 0.49× | ||
| Q2 25 | 1.32× | 0.50× | ||
| Q1 25 | 1.32× | 0.52× | ||
| Q4 24 | 1.24× | 0.52× | ||
| Q3 24 | 1.22× | 0.54× | ||
| Q2 24 | 1.28× | 0.53× |
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 | $8.5M |
| 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 | — | $8.5M | ||
| Q4 25 | $64.9M | $63.1M | ||
| Q3 25 | $124.0M | $63.0M | ||
| Q2 25 | $90.4M | $65.0M | ||
| Q1 25 | $92.1M | $31.2M | ||
| Q4 24 | $74.8M | $45.1M | ||
| Q3 24 | $101.4M | $41.9M | ||
| Q2 24 | $79.0M | $53.5M |
| Q1 26 | — | — | ||
| Q4 25 | $49.3M | $4.0M | ||
| Q3 25 | $104.8M | $23.7M | ||
| Q2 25 | $74.8M | $26.9M | ||
| Q1 25 | $71.9M | $1.9M | ||
| Q4 24 | $52.9M | $10.4M | ||
| Q3 24 | $77.3M | $7.1M | ||
| Q2 24 | $58.2M | $20.6M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 1.0% | ||
| Q3 25 | 13.5% | 6.5% | ||
| Q2 25 | 9.8% | 7.5% | ||
| Q1 25 | 10.5% | 0.6% | ||
| Q4 24 | 7.1% | 3.2% | ||
| Q3 24 | 10.2% | 2.2% | ||
| Q2 24 | 7.9% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 14.8% | ||
| Q3 25 | 2.5% | 10.7% | ||
| Q2 25 | 2.1% | 10.7% | ||
| Q1 25 | 2.9% | 9.1% | ||
| Q4 24 | 2.9% | 10.6% | ||
| Q3 24 | 3.2% | 11.0% | ||
| Q2 24 | 2.8% | 10.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.85× | 5.34× | ||
| Q3 25 | 1.67× | 5.04× | ||
| Q2 25 | 1.31× | 3.79× | ||
| Q1 25 | 2.03× | 7.36× | ||
| Q4 24 | 1.12× | 5.18× | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 1.21× | 5.54× |
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% |
SHAK
Segment breakdown not available.
