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Side-by-side financial comparison of Installed Building Products, Inc. (IBP) and OLYMPIC STEEL INC (ZEUS). 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 $490.7M, roughly 1.5× OLYMPIC STEEL INC). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 0.4%, a 9.8% gap on every dollar of revenue. On growth, OLYMPIC STEEL INC posted the faster year-over-year revenue change (4.4% vs -0.4%). Installed Building Products, Inc. produced more free cash flow last quarter ($49.3M vs $-12.9M). Over the past eight quarters, Installed Building Products, Inc.'s revenue compounded faster (3.9% CAGR vs 0.1%).
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.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
IBP vs ZEUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $747.5M | $490.7M |
| Net Profit | $76.6M | $2.2M |
| Gross Margin | 35.0% | — |
| Operating Margin | 14.6% | 1.5% |
| Net Margin | 10.2% | 0.4% |
| Revenue YoY | -0.4% | 4.4% |
| Net Profit YoY | 14.5% | -21.2% |
| 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 | — | ||
| Q3 25 | $778.2M | $490.7M | ||
| Q2 25 | $760.3M | $496.5M | ||
| Q1 25 | $684.8M | $492.9M | ||
| Q4 24 | $750.2M | $418.8M | ||
| Q3 24 | $760.6M | $470.0M | ||
| Q2 24 | $737.6M | $526.3M | ||
| Q1 24 | $692.9M | $526.6M |
| Q4 25 | $76.6M | — | ||
| Q3 25 | $74.4M | $2.2M | ||
| Q2 25 | $69.0M | $5.2M | ||
| Q1 25 | $45.4M | $2.5M | ||
| Q4 24 | $66.9M | $3.9M | ||
| Q3 24 | $68.6M | $2.7M | ||
| Q2 24 | $65.2M | $7.7M | ||
| Q1 24 | $55.9M | $8.7M |
| 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% | — | ||
| Q3 25 | 13.7% | 1.5% | ||
| Q2 25 | 13.3% | 2.3% | ||
| Q1 25 | 10.2% | 1.6% | ||
| Q4 24 | 13.1% | 2.1% | ||
| Q3 24 | 13.3% | 1.7% | ||
| Q2 24 | 12.9% | 2.9% | ||
| Q1 24 | 12.7% | 3.0% |
| Q4 25 | 10.2% | — | ||
| Q3 25 | 9.6% | 0.4% | ||
| Q2 25 | 9.1% | 1.1% | ||
| Q1 25 | 6.6% | 0.5% | ||
| Q4 24 | 8.9% | 0.9% | ||
| Q3 24 | 9.0% | 0.6% | ||
| Q2 24 | 8.8% | 1.5% | ||
| Q1 24 | 8.1% | 1.7% |
| Q4 25 | $2.81 | — | ||
| Q3 25 | $2.74 | $0.18 | ||
| Q2 25 | $2.52 | $0.45 | ||
| Q1 25 | $1.64 | $0.21 | ||
| Q4 24 | $2.39 | $0.33 | ||
| Q3 24 | $2.44 | $0.23 | ||
| Q2 24 | $2.30 | $0.66 | ||
| Q1 24 | $1.97 | $0.75 |
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 | $7.5M |
| Total DebtLower is stronger | $886.6M | $240.9M |
| Stockholders' EquityBook value | $709.9M | $579.1M |
| Total Assets | $2.1B | $1.1B |
| Debt / EquityLower = less leverage | 1.25× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $321.9M | — | ||
| Q3 25 | $333.3M | $7.5M | ||
| Q2 25 | $305.2M | $14.8M | ||
| Q1 25 | $298.7M | $13.3M | ||
| Q4 24 | $327.6M | $11.9M | ||
| Q3 24 | $406.2M | $11.1M | ||
| Q2 24 | $380.3M | $9.4M | ||
| Q1 24 | $399.9M | $10.3M |
| Q4 25 | $886.6M | — | ||
| Q3 25 | $880.8M | $240.9M | ||
| Q2 25 | $876.1M | $233.2M | ||
| Q1 25 | $872.4M | $235.4M | ||
| Q4 24 | $874.8M | $272.5M | ||
| Q3 24 | $872.3M | $197.3M | ||
| Q2 24 | $875.8M | $209.2M | ||
| Q1 24 | $875.0M | $196.8M |
| Q4 25 | $709.9M | — | ||
| Q3 25 | $678.6M | $579.1M | ||
| Q2 25 | $664.5M | $578.2M | ||
| Q1 25 | $660.9M | $574.2M | ||
| Q4 24 | $705.3M | $573.9M | ||
| Q3 24 | $716.4M | $570.6M | ||
| Q2 24 | $685.3M | $569.5M | ||
| Q1 24 | $679.2M | $563.0M |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $2.0B | $1.1B | ||
| Q4 24 | $2.1B | $1.0B | ||
| Q3 24 | $2.1B | $1.0B | ||
| Q2 24 | $2.0B | $1.0B | ||
| Q1 24 | $2.0B | $1.0B |
| Q4 25 | 1.25× | — | ||
| Q3 25 | 1.30× | 0.42× | ||
| Q2 25 | 1.32× | 0.40× | ||
| Q1 25 | 1.32× | 0.41× | ||
| Q4 24 | 1.24× | 0.47× | ||
| Q3 24 | 1.22× | 0.35× | ||
| Q2 24 | 1.28× | 0.37× | ||
| Q1 24 | 1.29× | 0.35× |
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 | $-5.4M |
| Free Cash FlowOCF − Capex | $49.3M | $-12.9M |
| FCF MarginFCF / Revenue | 6.6% | -2.6% |
| Capex IntensityCapex / Revenue | 2.1% | 1.5% |
| Cash ConversionOCF / Net Profit | 0.85× | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | $300.8M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.9M | — | ||
| Q3 25 | $124.0M | $-5.4M | ||
| Q2 25 | $90.4M | $15.5M | ||
| Q1 25 | $92.1M | $49.4M | ||
| Q4 24 | $74.8M | $14.6M | ||
| Q3 24 | $101.4M | $24.6M | ||
| Q2 24 | $79.0M | $-2.9M | ||
| Q1 24 | $84.8M | $-2.6M |
| Q4 25 | $49.3M | — | ||
| Q3 25 | $104.8M | $-12.9M | ||
| Q2 25 | $74.8M | $6.8M | ||
| Q1 25 | $71.9M | $40.6M | ||
| Q4 24 | $52.9M | $7.4M | ||
| Q3 24 | $77.3M | $15.6M | ||
| Q2 24 | $58.2M | $-11.3M | ||
| Q1 24 | $63.0M | $-7.4M |
| Q4 25 | 6.6% | — | ||
| Q3 25 | 13.5% | -2.6% | ||
| Q2 25 | 9.8% | 1.4% | ||
| Q1 25 | 10.5% | 8.2% | ||
| Q4 24 | 7.1% | 1.8% | ||
| Q3 24 | 10.2% | 3.3% | ||
| Q2 24 | 7.9% | -2.2% | ||
| Q1 24 | 9.1% | -1.4% |
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.5% | 1.5% | ||
| Q2 25 | 2.1% | 1.7% | ||
| Q1 25 | 2.9% | 1.8% | ||
| Q4 24 | 2.9% | 1.7% | ||
| Q3 24 | 3.2% | 1.9% | ||
| Q2 24 | 2.8% | 1.6% | ||
| Q1 24 | 3.1% | 0.9% |
| Q4 25 | 0.85× | — | ||
| Q3 25 | 1.67× | -2.50× | ||
| Q2 25 | 1.31× | 2.96× | ||
| Q1 25 | 2.03× | 19.70× | ||
| Q4 24 | 1.12× | 3.75× | ||
| Q3 24 | 1.48× | 9.01× | ||
| Q2 24 | 1.21× | -0.38× | ||
| Q1 24 | 1.52× | -0.30× |
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% |
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
