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Installed Building Products, Inc.（IBP）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是Installed Building Products, Inc.的1.1倍（$805.0M vs $747.5M），Installed Building Products, Inc.净利率更高（10.2% vs -5.9%，领先16.1%），摩丁制造同比增速更快（30.5% vs -0.4%），Installed Building Products, Inc.自由现金流更多（$49.3M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs 3.9%）
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
IBP vs MOD — 直观对比
营收规模更大
MOD
是对方的1.1倍
$747.5M
营收增速更快
MOD
高出30.9%
-0.4%
净利率更高
IBP
高出16.1%
-5.9%
自由现金流更多
IBP
多$66.4M
$-17.1M
两年增速更快
MOD
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $747.5M | $805.0M |
| 净利润 | $76.6M | $-47.4M |
| 毛利率 | 35.0% | 23.1% |
| 营业利润率 | 14.6% | 11.1% |
| 净利率 | 10.2% | -5.9% |
| 营收同比 | -0.4% | 30.5% |
| 净利润同比 | 14.5% | -215.6% |
| 每股收益（稀释后） | $2.81 | $-0.90 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IBPMOD
| Q4 25 | $747.5M | $805.0M | ||
| Q3 25 | $778.2M | $738.9M | ||
| Q2 25 | $760.3M | $682.8M | ||
| Q1 25 | $684.8M | $647.2M | ||
| Q4 24 | $750.2M | $616.8M | ||
| Q3 24 | $760.6M | $658.0M | ||
| Q2 24 | $737.6M | $661.5M | ||
| Q1 24 | $692.9M | $603.5M |
净利润IBPMOD
| Q4 25 | $76.6M | $-47.4M | ||
| Q3 25 | $74.4M | $44.4M | ||
| Q2 25 | $69.0M | $51.2M | ||
| Q1 25 | $45.4M | $49.6M | ||
| Q4 24 | $66.9M | $41.0M | ||
| Q3 24 | $68.6M | $46.1M | ||
| Q2 24 | $65.2M | $47.3M | ||
| Q1 24 | $55.9M | $25.8M |
毛利率IBPMOD
| Q4 25 | 35.0% | 23.1% | ||
| Q3 25 | 34.0% | 22.3% | ||
| Q2 25 | 34.2% | 24.2% | ||
| Q1 25 | 32.7% | 25.6% | ||
| Q4 24 | 33.6% | 24.3% | ||
| Q3 24 | 33.8% | 25.2% | ||
| Q2 24 | 34.1% | 24.6% | ||
| Q1 24 | 33.8% | 22.4% |
营业利润率IBPMOD
| Q4 25 | 14.6% | 11.1% | ||
| Q3 25 | 13.7% | 9.9% | ||
| Q2 25 | 13.3% | 11.1% | ||
| Q1 25 | 10.2% | 11.5% | ||
| Q4 24 | 13.1% | 9.6% | ||
| Q3 24 | 13.3% | 11.4% | ||
| Q2 24 | 12.9% | 11.2% | ||
| Q1 24 | 12.7% | 7.8% |
净利率IBPMOD
| Q4 25 | 10.2% | -5.9% | ||
| Q3 25 | 9.6% | 6.0% | ||
| Q2 25 | 9.1% | 7.5% | ||
| Q1 25 | 6.6% | 7.7% | ||
| Q4 24 | 8.9% | 6.6% | ||
| Q3 24 | 9.0% | 7.0% | ||
| Q2 24 | 8.8% | 7.2% | ||
| Q1 24 | 8.1% | 4.3% |
每股收益（稀释后）IBPMOD
| Q4 25 | $2.81 | $-0.90 | ||
| Q3 25 | $2.74 | $0.83 | ||
| Q2 25 | $2.52 | $0.95 | ||
| Q1 25 | $1.64 | $0.92 | ||
| Q4 24 | $2.39 | $0.76 | ||
| Q3 24 | $2.44 | $0.86 | ||
| Q2 24 | $2.30 | $0.88 | ||
| Q1 24 | $1.97 | $0.48 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $321.9M | $98.7M |
| 总债务越低越好 | $886.6M | $570.7M |
| 股东权益账面价值 | $709.9M | $1.1B |
| 总资产 | $2.1B | $2.5B |
| 负债/权益比越低杠杆越低 | 1.25× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资IBPMOD
| Q4 25 | $321.9M | $98.7M | ||
| Q3 25 | $333.3M | $83.8M | ||
| Q2 25 | $305.2M | $124.5M | ||
| Q1 25 | $298.7M | $71.6M | ||
| Q4 24 | $327.6M | $83.8M | ||
| Q3 24 | $406.2M | $78.6M | ||
| Q2 24 | $380.3M | $72.9M | ||
| Q1 24 | $399.9M | $60.1M |
总债务IBPMOD
| Q4 25 | $886.6M | $570.7M | ||
| Q3 25 | $880.8M | $525.8M | ||
| Q2 25 | $876.1M | $482.1M | ||
| Q1 25 | $872.4M | $296.7M | ||
| Q4 24 | $874.8M | $330.0M | ||
| Q3 24 | $872.3M | $359.1M | ||
| Q2 24 | $875.8M | $405.7M | ||
| Q1 24 | $875.0M | $399.9M |
股东权益IBPMOD
| Q4 25 | $709.9M | $1.1B | ||
| Q3 25 | $678.6M | $1.1B | ||
| Q2 25 | $664.5M | $1.0B | ||
| Q1 25 | $660.9M | $910.2M | ||
| Q4 24 | $705.3M | $855.1M | ||
| Q3 24 | $716.4M | $858.8M | ||
| Q2 24 | $685.3M | $788.4M | ||
| Q1 24 | $679.2M | $747.6M |
总资产IBPMOD
| Q4 25 | $2.1B | $2.5B | ||
| Q3 25 | $2.1B | $2.4B | ||
| Q2 25 | $2.0B | $2.2B | ||
| Q1 25 | $2.0B | $1.9B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.1B | $1.9B | ||
| Q2 24 | $2.0B | $1.9B | ||
| Q1 24 | $2.0B | $1.9B |
负债/权益比IBPMOD
| Q4 25 | 1.25× | 0.51× | ||
| Q3 25 | 1.30× | 0.50× | ||
| Q2 25 | 1.32× | 0.48× | ||
| Q1 25 | 1.32× | 0.33× | ||
| Q4 24 | 1.24× | 0.39× | ||
| Q3 24 | 1.22× | 0.42× | ||
| Q2 24 | 1.28× | 0.51× | ||
| Q1 24 | 1.29× | 0.53× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $64.9M | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $49.3M | $-17.1M |
| 自由现金流率自由现金流/营收 | 6.6% | -2.1% |
| 资本支出强度资本支出/营收 | 2.1% | 5.2% |
| 现金转化率经营现金流/净利润 | 0.85× | — |
| 过去12个月自由现金流最近4个季度 | $300.8M | $-20.3M |
8季度趋势，按日历期对齐
经营现金流IBPMOD
| Q4 25 | $64.9M | $24.7M | ||
| Q3 25 | $124.0M | $1.4M | ||
| Q2 25 | $90.4M | $27.7M | ||
| Q1 25 | $92.1M | $54.8M | ||
| Q4 24 | $74.8M | $60.7M | ||
| Q3 24 | $101.4M | $57.3M | ||
| Q2 24 | $79.0M | $40.5M | ||
| Q1 24 | $84.8M | $39.6M |
自由现金流IBPMOD
| Q4 25 | $49.3M | $-17.1M | ||
| Q3 25 | $104.8M | $-30.5M | ||
| Q2 25 | $74.8M | $200.0K | ||
| Q1 25 | $71.9M | $27.1M | ||
| Q4 24 | $52.9M | $44.7M | ||
| Q3 24 | $77.3M | $43.8M | ||
| Q2 24 | $58.2M | $13.7M | ||
| Q1 24 | $63.0M | $-4.3M |
自由现金流率IBPMOD
| Q4 25 | 6.6% | -2.1% | ||
| Q3 25 | 13.5% | -4.1% | ||
| Q2 25 | 9.8% | 0.0% | ||
| Q1 25 | 10.5% | 4.2% | ||
| Q4 24 | 7.1% | 7.2% | ||
| Q3 24 | 10.2% | 6.7% | ||
| Q2 24 | 7.9% | 2.1% | ||
| Q1 24 | 9.1% | -0.7% |
资本支出强度IBPMOD
| Q4 25 | 2.1% | 5.2% | ||
| Q3 25 | 2.5% | 4.3% | ||
| Q2 25 | 2.1% | 4.0% | ||
| Q1 25 | 2.9% | 4.3% | ||
| Q4 24 | 2.9% | 2.6% | ||
| Q3 24 | 3.2% | 2.1% | ||
| Q2 24 | 2.8% | 4.1% | ||
| Q1 24 | 3.1% | 7.3% |
现金转化率IBPMOD
| Q4 25 | 0.85× | — | ||
| Q3 25 | 1.67× | 0.03× | ||
| Q2 25 | 1.31× | 0.54× | ||
| Q1 25 | 2.03× | 1.10× | ||
| Q4 24 | 1.12× | 1.48× | ||
| Q3 24 | 1.48× | 1.24× | ||
| Q2 24 | 1.21× | 0.86× | ||
| Q1 24 | 1.52× | 1.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
