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Installed Building Products, Inc.（IBP）与Regency Centers（REG）财务数据对比。点击上方公司名可切换其他公司
Installed Building Products, Inc.的季度营收约是Regency Centers的1.8倍（$747.5M vs $404.2M），Regency Centers净利率更高（50.1% vs 10.2%，领先39.8%），Regency Centers同比增速更快（8.5% vs -0.4%），过去两年Regency Centers的营收复合增速更高（5.4% 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。
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
IBP vs REG — 直观对比
营收规模更大
IBP
是对方的1.8倍
$404.2M
营收增速更快
REG
高出8.9%
-0.4%
净利率更高
REG
高出39.8%
10.2%
两年增速更快
REG
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $747.5M | $404.2M |
| 净利润 | $76.6M | $202.5M |
| 毛利率 | 35.0% | — |
| 营业利润率 | 14.6% | 71.0% |
| 净利率 | 10.2% | 50.1% |
| 营收同比 | -0.4% | 8.5% |
| 净利润同比 | 14.5% | 134.1% |
| 每股收益（稀释后） | $2.81 | — |
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IBPREG
| Q4 25 | $747.5M | $404.2M | ||
| Q3 25 | $778.2M | $387.6M | ||
| Q2 25 | $760.3M | $380.8M | ||
| Q1 25 | $684.8M | $380.9M | ||
| Q4 24 | $750.2M | $372.5M | ||
| Q3 24 | $760.6M | $360.3M | ||
| Q2 24 | $737.6M | $357.3M | ||
| Q1 24 | $692.9M | $363.9M |
净利润IBPREG
| Q4 25 | $76.6M | $202.5M | ||
| Q3 25 | $74.4M | $109.4M | ||
| Q2 25 | $69.0M | $106.0M | ||
| Q1 25 | $45.4M | $109.6M | ||
| Q4 24 | $66.9M | $86.5M | ||
| Q3 24 | $68.6M | $101.5M | ||
| Q2 24 | $65.2M | $102.7M | ||
| Q1 24 | $55.9M | $109.8M |
毛利率IBPREG
| 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% | — |
营业利润率IBPREG
| Q4 25 | 14.6% | 71.0% | ||
| Q3 25 | 13.7% | 72.7% | ||
| Q2 25 | 13.3% | 73.8% | ||
| Q1 25 | 10.2% | 71.8% | ||
| Q4 24 | 13.1% | 71.1% | ||
| Q3 24 | 13.3% | 72.5% | ||
| Q2 24 | 12.9% | 72.3% | ||
| Q1 24 | 12.7% | 72.3% |
净利率IBPREG
| Q4 25 | 10.2% | 50.1% | ||
| Q3 25 | 9.6% | 28.2% | ||
| Q2 25 | 9.1% | 27.8% | ||
| Q1 25 | 6.6% | 28.8% | ||
| Q4 24 | 8.9% | 23.2% | ||
| Q3 24 | 9.0% | 28.2% | ||
| Q2 24 | 8.8% | 28.7% | ||
| Q1 24 | 8.1% | 30.2% |
每股收益（稀释后）IBPREG
| Q4 25 | $2.81 | — | ||
| Q3 25 | $2.74 | — | ||
| Q2 25 | $2.52 | — | ||
| Q1 25 | $1.64 | — | ||
| Q4 24 | $2.39 | — | ||
| Q3 24 | $2.44 | — | ||
| Q2 24 | $2.30 | — | ||
| Q1 24 | $1.97 | — |
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 | — |
| 总债务越低越好 | $886.6M | $4.7B |
| 股东权益账面价值 | $709.9M | $6.9B |
| 总资产 | $2.1B | $13.0B |
| 负债/权益比越低杠杆越低 | 1.25× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资IBPREG
| Q4 25 | $321.9M | — | ||
| Q3 25 | $333.3M | — | ||
| Q2 25 | $305.2M | — | ||
| Q1 25 | $298.7M | — | ||
| Q4 24 | $327.6M | — | ||
| Q3 24 | $406.2M | — | ||
| Q2 24 | $380.3M | — | ||
| Q1 24 | $399.9M | — |
总债务IBPREG
| Q4 25 | $886.6M | $4.7B | ||
| Q3 25 | $880.8M | $4.9B | ||
| Q2 25 | $876.1M | $4.8B | ||
| Q1 25 | $872.4M | $4.6B | ||
| Q4 24 | $874.8M | $4.4B | ||
| Q3 24 | $872.3M | $4.4B | ||
| Q2 24 | $875.8M | $4.4B | ||
| Q1 24 | $875.0M | $4.4B |
股东权益IBPREG
| Q4 25 | $709.9M | $6.9B | ||
| Q3 25 | $678.6M | $6.8B | ||
| Q2 25 | $664.5M | $6.7B | ||
| Q1 25 | $660.9M | $6.7B | ||
| Q4 24 | $705.3M | $6.7B | ||
| Q3 24 | $716.4M | $6.8B | ||
| Q2 24 | $685.3M | $6.8B | ||
| Q1 24 | $679.2M | $7.0B |
总资产IBPREG
| Q4 25 | $2.1B | $13.0B | ||
| Q3 25 | $2.1B | $13.1B | ||
| Q2 25 | $2.0B | $12.7B | ||
| Q1 25 | $2.0B | $12.6B | ||
| Q4 24 | $2.1B | $12.4B | ||
| Q3 24 | $2.1B | $12.4B | ||
| Q2 24 | $2.0B | $12.4B | ||
| Q1 24 | $2.0B | $12.7B |
负债/权益比IBPREG
| Q4 25 | 1.25× | 0.69× | ||
| Q3 25 | 1.30× | 0.72× | ||
| Q2 25 | 1.32× | 0.72× | ||
| Q1 25 | 1.32× | 0.69× | ||
| Q4 24 | 1.24× | 0.66× | ||
| Q3 24 | 1.22× | 0.65× | ||
| Q2 24 | 1.28× | 0.64× | ||
| Q1 24 | 1.29× | 0.63× |
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 | $203.9M |
| 自由现金流经营现金流 - 资本支出 | $49.3M | — |
| 自由现金流率自由现金流/营收 | 6.6% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | 0.85× | 1.01× |
| 过去12个月自由现金流最近4个季度 | $300.8M | — |
8季度趋势，按日历期对齐
经营现金流IBPREG
| Q4 25 | $64.9M | $203.9M | ||
| Q3 25 | $124.0M | $218.7M | ||
| Q2 25 | $90.4M | $244.0M | ||
| Q1 25 | $92.1M | $161.0M | ||
| Q4 24 | $74.8M | $191.4M | ||
| Q3 24 | $101.4M | $227.6M | ||
| Q2 24 | $79.0M | $203.5M | ||
| Q1 24 | $84.8M | $167.8M |
自由现金流IBPREG
| 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 | — |
自由现金流率IBPREG
| 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% | — |
资本支出强度IBPREG
| 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% | — |
现金转化率IBPREG
| Q4 25 | 0.85× | 1.01× | ||
| Q3 25 | 1.67× | 2.00× | ||
| Q2 25 | 1.31× | 2.30× | ||
| Q1 25 | 2.03× | 1.47× | ||
| Q4 24 | 1.12× | 2.21× | ||
| Q3 24 | 1.48× | 2.24× | ||
| Q2 24 | 1.21× | 1.98× | ||
| 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% |
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
