vs
Side-by-side financial comparison of Installed Building Products, Inc. (IBP) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
Trade Desk (The) is the larger business by last-quarter revenue ($846.8M vs $747.5M, roughly 1.1× Installed Building Products, Inc.). Trade Desk (The) runs the higher net margin — 22.1% vs 10.2%, a 11.8% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs -0.4%). Trade Desk (The) produced more free cash flow last quarter ($285.3M vs $49.3M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% 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.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
IBP vs TTD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $747.5M | $846.8M |
| Net Profit | $76.6M | $186.9M |
| Gross Margin | 35.0% | 80.7% |
| Operating Margin | 14.6% | 30.3% |
| Net Margin | 10.2% | 22.1% |
| Revenue YoY | -0.4% | 14.3% |
| Net Profit YoY | 14.5% | 2.6% |
| EPS (diluted) | $2.81 | $0.39 |
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 | $846.8M | ||
| Q3 25 | $778.2M | $739.4M | ||
| Q2 25 | $760.3M | $694.0M | ||
| Q1 25 | $684.8M | $616.0M | ||
| Q4 24 | $750.2M | $741.0M | ||
| Q3 24 | $760.6M | $628.0M | ||
| Q2 24 | $737.6M | $584.5M | ||
| Q1 24 | $692.9M | $491.3M |
| Q4 25 | $76.6M | $186.9M | ||
| Q3 25 | $74.4M | $115.5M | ||
| Q2 25 | $69.0M | $90.1M | ||
| Q1 25 | $45.4M | $50.7M | ||
| Q4 24 | $66.9M | $182.2M | ||
| Q3 24 | $68.6M | $94.2M | ||
| Q2 24 | $65.2M | $85.0M | ||
| Q1 24 | $55.9M | $31.7M |
| Q4 25 | 35.0% | 80.7% | ||
| Q3 25 | 34.0% | 78.1% | ||
| Q2 25 | 34.2% | 78.2% | ||
| Q1 25 | 32.7% | 76.8% | ||
| Q4 24 | 33.6% | 81.7% | ||
| Q3 24 | 33.8% | 80.5% | ||
| Q2 24 | 34.1% | 81.1% | ||
| Q1 24 | 33.8% | 78.9% |
| Q4 25 | 14.6% | 30.3% | ||
| Q3 25 | 13.7% | 21.8% | ||
| Q2 25 | 13.3% | 16.8% | ||
| Q1 25 | 10.2% | 8.8% | ||
| Q4 24 | 13.1% | 26.4% | ||
| Q3 24 | 13.3% | 17.3% | ||
| Q2 24 | 12.9% | 16.2% | ||
| Q1 24 | 12.7% | 5.8% |
| Q4 25 | 10.2% | 22.1% | ||
| Q3 25 | 9.6% | 15.6% | ||
| Q2 25 | 9.1% | 13.0% | ||
| Q1 25 | 6.6% | 8.2% | ||
| Q4 24 | 8.9% | 24.6% | ||
| Q3 24 | 9.0% | 15.0% | ||
| Q2 24 | 8.8% | 14.5% | ||
| Q1 24 | 8.1% | 6.4% |
| Q4 25 | $2.81 | $0.39 | ||
| Q3 25 | $2.74 | $0.23 | ||
| Q2 25 | $2.52 | $0.18 | ||
| Q1 25 | $1.64 | $0.10 | ||
| Q4 24 | $2.39 | $0.36 | ||
| Q3 24 | $2.44 | $0.19 | ||
| Q2 24 | $2.30 | $0.17 | ||
| Q1 24 | $1.97 | $0.06 |
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 | $1.3B |
| Total DebtLower is stronger | $886.6M | — |
| Stockholders' EquityBook value | $709.9M | $2.5B |
| Total Assets | $2.1B | $6.2B |
| Debt / EquityLower = less leverage | 1.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $321.9M | $1.3B | ||
| Q3 25 | $333.3M | $1.4B | ||
| Q2 25 | $305.2M | $1.7B | ||
| Q1 25 | $298.7M | $1.7B | ||
| Q4 24 | $327.6M | $1.9B | ||
| Q3 24 | $406.2M | $1.7B | ||
| Q2 24 | $380.3M | $1.5B | ||
| Q1 24 | $399.9M | $1.4B |
| 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 | $2.5B | ||
| Q3 25 | $678.6M | $2.6B | ||
| Q2 25 | $664.5M | $2.7B | ||
| Q1 25 | $660.9M | $2.7B | ||
| Q4 24 | $705.3M | $2.9B | ||
| Q3 24 | $716.4M | $2.6B | ||
| Q2 24 | $685.3M | $2.4B | ||
| Q1 24 | $679.2M | $2.2B |
| Q4 25 | $2.1B | $6.2B | ||
| Q3 25 | $2.1B | $5.9B | ||
| Q2 25 | $2.0B | $6.0B | ||
| Q1 25 | $2.0B | $5.7B | ||
| Q4 24 | $2.1B | $6.1B | ||
| Q3 24 | $2.1B | $5.5B | ||
| Q2 24 | $2.0B | $5.2B | ||
| Q1 24 | $2.0B | $4.7B |
| 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 | $311.6M |
| Free Cash FlowOCF − Capex | $49.3M | $285.3M |
| FCF MarginFCF / Revenue | 6.6% | 33.7% |
| Capex IntensityCapex / Revenue | 2.1% | 3.1% |
| Cash ConversionOCF / Net Profit | 0.85× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $300.8M | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.9M | $311.6M | ||
| Q3 25 | $124.0M | $224.7M | ||
| Q2 25 | $90.4M | $165.0M | ||
| Q1 25 | $92.1M | $291.4M | ||
| Q4 24 | $74.8M | $199.4M | ||
| Q3 24 | $101.4M | $273.3M | ||
| Q2 24 | $79.0M | $81.3M | ||
| Q1 24 | $84.8M | $185.5M |
| Q4 25 | $49.3M | $285.3M | ||
| Q3 25 | $104.8M | $158.3M | ||
| Q2 25 | $74.8M | $119.8M | ||
| Q1 25 | $71.9M | $232.3M | ||
| Q4 24 | $52.9M | $179.2M | ||
| Q3 24 | $77.3M | $224.6M | ||
| Q2 24 | $58.2M | $59.1M | ||
| Q1 24 | $63.0M | $178.2M |
| Q4 25 | 6.6% | 33.7% | ||
| Q3 25 | 13.5% | 21.4% | ||
| Q2 25 | 9.8% | 17.3% | ||
| Q1 25 | 10.5% | 37.7% | ||
| Q4 24 | 7.1% | 24.2% | ||
| Q3 24 | 10.2% | 35.8% | ||
| Q2 24 | 7.9% | 10.1% | ||
| Q1 24 | 9.1% | 36.3% |
| Q4 25 | 2.1% | 3.1% | ||
| Q3 25 | 2.5% | 9.0% | ||
| Q2 25 | 2.1% | 6.5% | ||
| Q1 25 | 2.9% | 9.6% | ||
| Q4 24 | 2.9% | 2.7% | ||
| Q3 24 | 3.2% | 7.8% | ||
| Q2 24 | 2.8% | 3.8% | ||
| Q1 24 | 3.1% | 1.5% |
| Q4 25 | 0.85× | 1.67× | ||
| Q3 25 | 1.67× | 1.94× | ||
| Q2 25 | 1.31× | 1.83× | ||
| Q1 25 | 2.03× | 5.75× | ||
| Q4 24 | 1.12× | 1.09× | ||
| Q3 24 | 1.48× | 2.90× | ||
| Q2 24 | 1.21× | 0.96× | ||
| Q1 24 | 1.52× | 5.86× |
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% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
