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Side-by-side financial comparison of Installed Building Products, Inc. (IBP) and VIASAT INC (VSAT). Click either name above to swap in a different company.
VIASAT INC is the larger business by last-quarter revenue ($1.2B vs $747.5M, roughly 1.5× Installed Building Products, Inc.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 2.2%, a 8.1% gap on every dollar of revenue. On growth, VIASAT INC posted the faster year-over-year revenue change (3.0% vs -0.4%). Over the past eight quarters, Installed Building Products, Inc.'s revenue compounded faster (3.9% CAGR vs 0.3%).
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.
Viasat, Inc. is an American communications company based in Carlsbad, California, with additional operations across the United States and worldwide. Viasat is a provider of high-speed satellite broadband services and secure networking systems covering military and commercial markets.
IBP vs VSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $747.5M | $1.2B |
| Net Profit | $76.6M | $25.0M |
| Gross Margin | 35.0% | — |
| Operating Margin | 14.6% | 2.3% |
| Net Margin | 10.2% | 2.2% |
| Revenue YoY | -0.4% | 3.0% |
| Net Profit YoY | 14.5% | 115.8% |
| EPS (diluted) | $2.81 | $0.18 |
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 | $1.2B | ||
| Q3 25 | $778.2M | $1.1B | ||
| Q2 25 | $760.3M | $1.2B | ||
| Q1 25 | $684.8M | $1.1B | ||
| Q4 24 | $750.2M | $1.1B | ||
| Q3 24 | $760.6M | $1.1B | ||
| Q2 24 | $737.6M | $1.1B | ||
| Q1 24 | $692.9M | $1.2B |
| Q4 25 | $76.6M | $25.0M | ||
| Q3 25 | $74.4M | $-61.4M | ||
| Q2 25 | $69.0M | $-56.4M | ||
| Q1 25 | $45.4M | $-246.1M | ||
| Q4 24 | $66.9M | $-158.4M | ||
| Q3 24 | $68.6M | $-137.6M | ||
| Q2 24 | $65.2M | $-32.9M | ||
| Q1 24 | $55.9M | $-100.3M |
| 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% | 2.3% | ||
| Q3 25 | 13.7% | 3.1% | ||
| Q2 25 | 13.3% | 4.0% | ||
| Q1 25 | 10.2% | -13.4% | ||
| Q4 24 | 13.1% | 1.9% | ||
| Q3 24 | 13.3% | -2.2% | ||
| Q2 24 | 12.9% | 5.3% | ||
| Q1 24 | 12.7% | 0.0% |
| Q4 25 | 10.2% | 2.2% | ||
| Q3 25 | 9.6% | -5.4% | ||
| Q2 25 | 9.1% | -4.8% | ||
| Q1 25 | 6.6% | -21.5% | ||
| Q4 24 | 8.9% | -14.1% | ||
| Q3 24 | 9.0% | -12.3% | ||
| Q2 24 | 8.8% | -2.9% | ||
| Q1 24 | 8.1% | -8.7% |
| Q4 25 | $2.81 | $0.18 | ||
| Q3 25 | $2.74 | $-0.45 | ||
| Q2 25 | $2.52 | $-0.43 | ||
| Q1 25 | $1.64 | $-1.92 | ||
| Q4 24 | $2.39 | $-1.23 | ||
| Q3 24 | $2.44 | $-1.07 | ||
| Q2 24 | $2.30 | $-0.26 | ||
| Q1 24 | $1.97 | $-1.14 |
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 | $6.2B |
| Stockholders' EquityBook value | $709.9M | $4.6B |
| Total Assets | $2.1B | $14.9B |
| Debt / EquityLower = less leverage | 1.25× | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $321.9M | $1.3B | ||
| Q3 25 | $333.3M | $1.2B | ||
| Q2 25 | $305.2M | $1.2B | ||
| Q1 25 | $298.7M | $1.6B | ||
| Q4 24 | $327.6M | $1.6B | ||
| Q3 24 | $406.2M | $3.5B | ||
| Q2 24 | $380.3M | $1.8B | ||
| Q1 24 | $399.9M | $1.9B |
| Q4 25 | $886.6M | $6.2B | ||
| Q3 25 | $880.8M | $6.5B | ||
| Q2 25 | $876.1M | $6.5B | ||
| Q1 25 | $872.4M | $6.5B | ||
| Q4 24 | $874.8M | $6.5B | ||
| Q3 24 | $872.3M | $6.4B | ||
| Q2 24 | $875.8M | $7.1B | ||
| Q1 24 | $875.0M | $7.1B |
| Q4 25 | $709.9M | $4.6B | ||
| Q3 25 | $678.6M | $4.5B | ||
| Q2 25 | $664.5M | $4.6B | ||
| Q1 25 | $660.9M | $4.6B | ||
| Q4 24 | $705.3M | $4.8B | ||
| Q3 24 | $716.4M | $4.9B | ||
| Q2 24 | $685.3M | $5.0B | ||
| Q1 24 | $679.2M | $5.0B |
| Q4 25 | $2.1B | $14.9B | ||
| Q3 25 | $2.1B | $14.8B | ||
| Q2 25 | $2.0B | $14.9B | ||
| Q1 25 | $2.0B | $15.4B | ||
| Q4 24 | $2.1B | $15.6B | ||
| Q3 24 | $2.1B | $17.8B | ||
| Q2 24 | $2.0B | $16.1B | ||
| Q1 24 | $2.0B | $16.3B |
| Q4 25 | 1.25× | 1.37× | ||
| Q3 25 | 1.30× | 1.44× | ||
| Q2 25 | 1.32× | 1.43× | ||
| Q1 25 | 1.32× | 1.43× | ||
| Q4 24 | 1.24× | 1.37× | ||
| Q3 24 | 1.22× | 1.30× | ||
| Q2 24 | 1.28× | 1.42× | ||
| Q1 24 | 1.29× | 1.42× |
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 | $726.9M |
| Free Cash FlowOCF − Capex | $49.3M | — |
| FCF MarginFCF / Revenue | 6.6% | — |
| Capex IntensityCapex / Revenue | 2.1% | — |
| Cash ConversionOCF / Net Profit | 0.85× | 29.11× |
| TTM Free Cash FlowTrailing 4 quarters | $300.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.9M | $726.9M | ||
| Q3 25 | $124.0M | $282.2M | ||
| Q2 25 | $90.4M | $258.5M | ||
| Q1 25 | $92.1M | $298.4M | ||
| Q4 24 | $74.8M | $219.5M | ||
| Q3 24 | $101.4M | $239.2M | ||
| Q2 24 | $79.0M | $151.1M | ||
| Q1 24 | $84.8M | $232.0M |
| Q4 25 | $49.3M | — | ||
| Q3 25 | $104.8M | — | ||
| Q2 25 | $74.8M | — | ||
| Q1 25 | $71.9M | — | ||
| Q4 24 | $52.9M | — | ||
| Q3 24 | $77.3M | — | ||
| Q2 24 | $58.2M | — | ||
| Q1 24 | $63.0M | — |
| Q4 25 | 6.6% | — | ||
| Q3 25 | 13.5% | — | ||
| Q2 25 | 9.8% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 7.1% | — | ||
| Q3 24 | 10.2% | — | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | 9.1% | — |
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 3.1% | — |
| Q4 25 | 0.85× | 29.11× | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 2.03× | — | ||
| Q4 24 | 1.12× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 1.21× | — | ||
| Q1 24 | 1.52× | — |
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% |
VSAT
| Products | $334.2M | 29% |
| Aviation Services | $303.7M | 26% |
| Government Satcom Services | $202.4M | 17% |
| Maritime Services | $114.9M | 10% |
| Information Security And Cyber Defense Products | $97.0M | 8% |
| Tactical Networking Products | $93.9M | 8% |
| Navarino Uk And Jsat Mobile | $15.5M | 1% |
| Advanced Technologies And Other Products | $6.1M | 1% |
