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Side-by-side financial comparison of Installed Building Products, Inc. (IBP) and Skyward Specialty Insurance Group, Inc. (SKWD). 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 $385.6M, roughly 1.9× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 10.2%, a 1.0% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs -0.4%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $49.3M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% 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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
IBP vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $747.5M | $385.6M |
| Net Profit | $76.6M | $43.2M |
| Gross Margin | 35.0% | — |
| Operating Margin | 14.6% | 14.2% |
| Net Margin | 10.2% | 11.2% |
| Revenue YoY | -0.4% | 26.7% |
| Net Profit YoY | 14.5% | 200.1% |
| EPS (diluted) | $2.81 | $1.03 |
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 | $385.6M | ||
| Q3 25 | $778.2M | $382.5M | ||
| Q2 25 | $760.3M | $319.9M | ||
| Q1 25 | $684.8M | $328.5M | ||
| Q4 24 | $750.2M | $304.4M | ||
| Q3 24 | $760.6M | $300.9M | ||
| Q2 24 | $737.6M | $279.9M | ||
| Q1 24 | $692.9M | $265.0M |
| Q4 25 | $76.6M | $43.2M | ||
| Q3 25 | $74.4M | $45.9M | ||
| Q2 25 | $69.0M | $38.8M | ||
| Q1 25 | $45.4M | $42.1M | ||
| Q4 24 | $66.9M | $14.4M | ||
| Q3 24 | $68.6M | $36.7M | ||
| Q2 24 | $65.2M | $31.0M | ||
| Q1 24 | $55.9M | $36.8M |
| 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 24 | 33.8% | — |
| Q4 25 | 14.6% | 14.2% | ||
| Q3 25 | 13.7% | 15.8% | ||
| Q2 25 | 13.3% | 15.6% | ||
| Q1 25 | 10.2% | 15.7% | ||
| Q4 24 | 13.1% | 6.1% | ||
| Q3 24 | 13.3% | 15.6% | ||
| Q2 24 | 12.9% | 14.4% | ||
| Q1 24 | 12.7% | 17.7% |
| Q4 25 | 10.2% | 11.2% | ||
| Q3 25 | 9.6% | 12.0% | ||
| Q2 25 | 9.1% | 12.1% | ||
| Q1 25 | 6.6% | 12.8% | ||
| Q4 24 | 8.9% | 4.7% | ||
| Q3 24 | 9.0% | 12.2% | ||
| Q2 24 | 8.8% | 11.1% | ||
| Q1 24 | 8.1% | 13.9% |
| Q4 25 | $2.81 | $1.03 | ||
| Q3 25 | $2.74 | $1.10 | ||
| Q2 25 | $2.52 | $0.93 | ||
| Q1 25 | $1.64 | $1.01 | ||
| Q4 24 | $2.39 | $0.33 | ||
| Q3 24 | $2.44 | $0.89 | ||
| Q2 24 | $2.30 | $0.75 | ||
| Q1 24 | $1.97 | $0.90 |
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 | $168.5M |
| Total DebtLower is stronger | $886.6M | — |
| Stockholders' EquityBook value | $709.9M | $1.0B |
| Total Assets | $2.1B | $4.8B |
| Debt / EquityLower = less leverage | 1.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $321.9M | $168.5M | ||
| Q3 25 | $333.3M | $160.1M | ||
| Q2 25 | $305.2M | $136.6M | ||
| Q1 25 | $298.7M | $112.9M | ||
| Q4 24 | $327.6M | $121.6M | ||
| Q3 24 | $406.2M | $105.6M | ||
| Q2 24 | $380.3M | $73.0M | ||
| Q1 24 | $399.9M | $85.1M |
| 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 24 | $875.0M | — |
| Q4 25 | $709.9M | $1.0B | ||
| Q3 25 | $678.6M | $961.4M | ||
| Q2 25 | $664.5M | $899.9M | ||
| Q1 25 | $660.9M | $850.7M | ||
| Q4 24 | $705.3M | $794.0M | ||
| Q3 24 | $716.4M | $797.5M | ||
| Q2 24 | $685.3M | $723.6M | ||
| Q1 24 | $679.2M | $692.3M |
| Q4 25 | $2.1B | $4.8B | ||
| Q3 25 | $2.1B | $4.6B | ||
| Q2 25 | $2.0B | $4.3B | ||
| Q1 25 | $2.0B | $4.0B | ||
| Q4 24 | $2.1B | $3.7B | ||
| Q3 24 | $2.1B | $3.6B | ||
| Q2 24 | $2.0B | $3.4B | ||
| Q1 24 | $2.0B | $3.2B |
| 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× | — | ||
| Q1 24 | 1.29× | — |
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 | $408.1M |
| Free Cash FlowOCF − Capex | $49.3M | $402.6M |
| FCF MarginFCF / Revenue | 6.6% | 104.4% |
| Capex IntensityCapex / Revenue | 2.1% | 1.4% |
| Cash ConversionOCF / Net Profit | 0.85× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | $300.8M | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.9M | $408.1M | ||
| Q3 25 | $124.0M | $171.4M | ||
| Q2 25 | $90.4M | $88.2M | ||
| Q1 25 | $92.1M | $96.8M | ||
| Q4 24 | $74.8M | $305.1M | ||
| Q3 24 | $101.4M | $168.0M | ||
| Q2 24 | $79.0M | $21.0M | ||
| Q1 24 | $84.8M | $94.3M |
| Q4 25 | $49.3M | $402.6M | ||
| Q3 25 | $104.8M | $168.9M | ||
| Q2 25 | $74.8M | $87.1M | ||
| Q1 25 | $71.9M | $96.6M | ||
| Q4 24 | $52.9M | $300.9M | ||
| Q3 24 | $77.3M | $167.6M | ||
| Q2 24 | $58.2M | $18.4M | ||
| Q1 24 | $63.0M | $94.0M |
| Q4 25 | 6.6% | 104.4% | ||
| Q3 25 | 13.5% | 44.2% | ||
| Q2 25 | 9.8% | 27.2% | ||
| Q1 25 | 10.5% | 29.4% | ||
| Q4 24 | 7.1% | 98.8% | ||
| Q3 24 | 10.2% | 55.7% | ||
| Q2 24 | 7.9% | 6.6% | ||
| Q1 24 | 9.1% | 35.5% |
| Q4 25 | 2.1% | 1.4% | ||
| Q3 25 | 2.5% | 0.6% | ||
| Q2 25 | 2.1% | 0.3% | ||
| Q1 25 | 2.9% | 0.1% | ||
| Q4 24 | 2.9% | 1.4% | ||
| Q3 24 | 3.2% | 0.1% | ||
| Q2 24 | 2.8% | 0.9% | ||
| Q1 24 | 3.1% | 0.1% |
| Q4 25 | 0.85× | 9.44× | ||
| Q3 25 | 1.67× | 3.73× | ||
| Q2 25 | 1.31× | 2.27× | ||
| Q1 25 | 2.03× | 2.30× | ||
| Q4 24 | 1.12× | 21.18× | ||
| Q3 24 | 1.48× | 4.58× | ||
| Q2 24 | 1.21× | 0.68× | ||
| Q1 24 | 1.52× | 2.56× |
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% |
SKWD
Segment breakdown not available.
