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Side-by-side financial comparison of Installed Building Products, Inc. (IBP) and EXPRO GROUP HOLDINGS N.V. (XPRO). 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 $382.1M, roughly 2.0× EXPRO GROUP HOLDINGS N.V.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 1.5%, a 8.7% gap on every dollar of revenue. On growth, Installed Building Products, Inc. posted the faster year-over-year revenue change (-0.4% vs -12.5%). Installed Building Products, Inc. produced more free cash flow last quarter ($49.3M vs $23.2M). Over the past eight quarters, Installed Building Products, Inc.'s revenue compounded faster (3.9% CAGR vs -0.2%).

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.

Expro is an energy services provider headquartered in Houston, Texas, United States.

IBP vs XPRO — Head-to-Head

Bigger by revenue
IBP
IBP
2.0× larger
IBP
$747.5M
$382.1M
XPRO
Growing faster (revenue YoY)
IBP
IBP
+12.2% gap
IBP
-0.4%
-12.5%
XPRO
Higher net margin
IBP
IBP
8.7% more per $
IBP
10.2%
1.5%
XPRO
More free cash flow
IBP
IBP
$26.1M more FCF
IBP
$49.3M
$23.2M
XPRO
Faster 2-yr revenue CAGR
IBP
IBP
Annualised
IBP
3.9%
-0.2%
XPRO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IBP
IBP
XPRO
XPRO
Revenue
$747.5M
$382.1M
Net Profit
$76.6M
$5.8M
Gross Margin
35.0%
Operating Margin
14.6%
3.1%
Net Margin
10.2%
1.5%
Revenue YoY
-0.4%
-12.5%
Net Profit YoY
14.5%
-74.9%
EPS (diluted)
$2.81
$0.05

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.

Revenue
IBP
IBP
XPRO
XPRO
Q4 25
$747.5M
$382.1M
Q3 25
$778.2M
$411.4M
Q2 25
$760.3M
$422.7M
Q1 25
$684.8M
$390.9M
Q4 24
$750.2M
$436.8M
Q3 24
$760.6M
$422.8M
Q2 24
$737.6M
$469.6M
Q1 24
$692.9M
$383.5M
Net Profit
IBP
IBP
XPRO
XPRO
Q4 25
$76.6M
$5.8M
Q3 25
$74.4M
$14.0M
Q2 25
$69.0M
$18.0M
Q1 25
$45.4M
$13.9M
Q4 24
$66.9M
$23.0M
Q3 24
$68.6M
$16.3M
Q2 24
$65.2M
$15.3M
Q1 24
$55.9M
$-2.7M
Gross Margin
IBP
IBP
XPRO
XPRO
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%
Operating Margin
IBP
IBP
XPRO
XPRO
Q4 25
14.6%
3.1%
Q3 25
13.7%
6.4%
Q2 25
13.3%
7.7%
Q1 25
10.2%
2.6%
Q4 24
13.1%
7.3%
Q3 24
13.3%
6.2%
Q2 24
12.9%
5.9%
Q1 24
12.7%
2.2%
Net Margin
IBP
IBP
XPRO
XPRO
Q4 25
10.2%
1.5%
Q3 25
9.6%
3.4%
Q2 25
9.1%
4.3%
Q1 25
6.6%
3.6%
Q4 24
8.9%
5.3%
Q3 24
9.0%
3.8%
Q2 24
8.8%
3.3%
Q1 24
8.1%
-0.7%
EPS (diluted)
IBP
IBP
XPRO
XPRO
Q4 25
$2.81
$0.05
Q3 25
$2.74
$0.12
Q2 25
$2.52
$0.16
Q1 25
$1.64
$0.12
Q4 24
$2.39
$0.20
Q3 24
$2.44
$0.14
Q2 24
$2.30
$0.13
Q1 24
$1.97
$-0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IBP
IBP
XPRO
XPRO
Cash + ST InvestmentsLiquidity on hand
$321.9M
$196.1M
Total DebtLower is stronger
$886.6M
$79.1M
Stockholders' EquityBook value
$709.9M
$1.5B
Total Assets
$2.1B
$2.3B
Debt / EquityLower = less leverage
1.25×
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBP
IBP
XPRO
XPRO
Q4 25
$321.9M
$196.1M
Q3 25
$333.3M
$197.9M
Q2 25
$305.2M
$206.8M
Q1 25
$298.7M
$179.3M
Q4 24
$327.6M
$183.0M
Q3 24
$406.2M
$165.7M
Q2 24
$380.3M
$133.5M
Q1 24
$399.9M
$163.2M
Total Debt
IBP
IBP
XPRO
XPRO
Q4 25
$886.6M
$79.1M
Q3 25
$880.8M
$99.1M
Q2 25
$876.1M
$121.1M
Q1 25
$872.4M
$121.1M
Q4 24
$874.8M
$121.1M
Q3 24
$872.3M
$121.1M
Q2 24
$875.8M
$121.1M
Q1 24
$875.0M
$40.0M
Stockholders' Equity
IBP
IBP
XPRO
XPRO
Q4 25
$709.9M
$1.5B
Q3 25
$678.6M
$1.5B
Q2 25
$664.5M
$1.5B
Q1 25
$660.9M
$1.5B
Q4 24
$705.3M
$1.5B
Q3 24
$716.4M
$1.5B
Q2 24
$685.3M
$1.5B
Q1 24
$679.2M
$1.3B
Total Assets
IBP
IBP
XPRO
XPRO
Q4 25
$2.1B
$2.3B
Q3 25
$2.1B
$2.3B
Q2 25
$2.0B
$2.3B
Q1 25
$2.0B
$2.3B
Q4 24
$2.1B
$2.3B
Q3 24
$2.1B
$2.3B
Q2 24
$2.0B
$2.3B
Q1 24
$2.0B
$2.0B
Debt / Equity
IBP
IBP
XPRO
XPRO
Q4 25
1.25×
0.05×
Q3 25
1.30×
0.07×
Q2 25
1.32×
0.08×
Q1 25
1.32×
0.08×
Q4 24
1.24×
0.08×
Q3 24
1.22×
0.08×
Q2 24
1.28×
0.08×
Q1 24
1.29×
0.03×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IBP
IBP
XPRO
XPRO
Operating Cash FlowLast quarter
$64.9M
$57.1M
Free Cash FlowOCF − Capex
$49.3M
$23.2M
FCF MarginFCF / Revenue
6.6%
6.1%
Capex IntensityCapex / Revenue
2.1%
8.9%
Cash ConversionOCF / Net Profit
0.85×
9.89×
TTM Free Cash FlowTrailing 4 quarters
$300.8M
$97.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBP
IBP
XPRO
XPRO
Q4 25
$64.9M
$57.1M
Q3 25
$124.0M
$63.2M
Q2 25
$90.4M
$48.4M
Q1 25
$92.1M
$41.5M
Q4 24
$74.8M
$97.4M
Q3 24
$101.4M
$55.3M
Q2 24
$79.0M
$-13.2M
Q1 24
$84.8M
$29.9M
Free Cash Flow
IBP
IBP
XPRO
XPRO
Q4 25
$49.3M
$23.2M
Q3 25
$104.8M
$39.0M
Q2 25
$74.8M
$27.2M
Q1 25
$71.9M
$8.4M
Q4 24
$52.9M
$53.0M
Q3 24
$77.3M
$23.3M
Q2 24
$58.2M
$-49.5M
Q1 24
$63.0M
$-801.0K
FCF Margin
IBP
IBP
XPRO
XPRO
Q4 25
6.6%
6.1%
Q3 25
13.5%
9.5%
Q2 25
9.8%
6.4%
Q1 25
10.5%
2.1%
Q4 24
7.1%
12.1%
Q3 24
10.2%
5.5%
Q2 24
7.9%
-10.5%
Q1 24
9.1%
-0.2%
Capex Intensity
IBP
IBP
XPRO
XPRO
Q4 25
2.1%
8.9%
Q3 25
2.5%
5.9%
Q2 25
2.1%
5.0%
Q1 25
2.9%
8.5%
Q4 24
2.9%
10.2%
Q3 24
3.2%
7.6%
Q2 24
2.8%
7.7%
Q1 24
3.1%
8.0%
Cash Conversion
IBP
IBP
XPRO
XPRO
Q4 25
0.85×
9.89×
Q3 25
1.67×
4.52×
Q2 25
1.31×
2.69×
Q1 25
2.03×
2.98×
Q4 24
1.12×
4.23×
Q3 24
1.48×
3.40×
Q2 24
1.21×
-0.86×
Q1 24
1.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IBP
IBP

Residential New Construction$488.6M65%
Other Customer Installation$67.8M9%
Shower Doors Shelving And Mirrors$53.5M7%
Other Building Products$47.7M6%
Fireproofing And Firestopping$37.6M5%
Rain Gutters$31.3M4%
Window Blinds$18.0M2%
Related Party$6.7M1%

XPRO
XPRO

NLA$130.3M34%
ESSA$116.3M30%
MENA$93.0M24%
Other$42.5M11%

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