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Installed Building Products, Inc.（IBP）与Tyler Technologies（TYL）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Tyler Technologies的1.2倍（$747.5M vs $613.5M），Tyler Technologies净利率更高（13.2% vs 10.2%，领先3.0%），Tyler Technologies同比增速更快（8.6% vs -0.4%），Installed Building Products, Inc.自由现金流更多（$49.3M vs $2.0M），过去两年Tyler Technologies的营收复合增速更高（6.5% 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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
IBP vs TYL — 直观对比
营收规模更大
IBP
是对方的1.2倍
$613.5M
营收增速更快
TYL
高出8.9%
-0.4%
净利率更高
TYL
高出3.0%
10.2%
自由现金流更多
IBP
多$47.3M
$2.0M
两年增速更快
TYL
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $747.5M | $613.5M |
| 净利润 | $76.6M | $81.2M |
| 毛利率 | 35.0% | 48.3% |
| 营业利润率 | 14.6% | 16.3% |
| 净利率 | 10.2% | 13.2% |
| 营收同比 | -0.4% | 8.6% |
| 净利润同比 | 14.5% | — |
| 每股收益（稀释后） | $2.81 | $1.88 |
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IBPTYL
| Q1 26 | — | $613.5M | ||
| Q4 25 | $747.5M | $575.2M | ||
| Q3 25 | $778.2M | $595.9M | ||
| Q2 25 | $760.3M | $596.1M | ||
| Q1 25 | $684.8M | $565.2M | ||
| Q4 24 | $750.2M | $541.1M | ||
| Q3 24 | $760.6M | $543.3M | ||
| Q2 24 | $737.6M | $541.0M |
净利润IBPTYL
| Q1 26 | — | $81.2M | ||
| Q4 25 | $76.6M | $65.5M | ||
| Q3 25 | $74.4M | $84.4M | ||
| Q2 25 | $69.0M | $84.6M | ||
| Q1 25 | $45.4M | $81.1M | ||
| Q4 24 | $66.9M | $65.2M | ||
| Q3 24 | $68.6M | $75.9M | ||
| Q2 24 | $65.2M | $67.7M |
毛利率IBPTYL
| Q1 26 | — | 48.3% | ||
| Q4 25 | 35.0% | 45.5% | ||
| Q3 25 | 34.0% | 47.2% | ||
| Q2 25 | 34.2% | 45.8% | ||
| Q1 25 | 32.7% | 47.3% | ||
| Q4 24 | 33.6% | 43.8% | ||
| Q3 24 | 33.8% | 43.7% | ||
| Q2 24 | 34.1% | 44.0% |
营业利润率IBPTYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | 14.6% | 13.0% | ||
| Q3 25 | 13.7% | 16.4% | ||
| Q2 25 | 13.3% | 16.0% | ||
| Q1 25 | 10.2% | 15.8% | ||
| Q4 24 | 13.1% | 13.2% | ||
| Q3 24 | 13.3% | 15.2% | ||
| Q2 24 | 12.9% | 14.4% |
净利率IBPTYL
| Q1 26 | — | 13.2% | ||
| Q4 25 | 10.2% | 11.4% | ||
| Q3 25 | 9.6% | 14.2% | ||
| Q2 25 | 9.1% | 14.2% | ||
| Q1 25 | 6.6% | 14.3% | ||
| Q4 24 | 8.9% | 12.1% | ||
| Q3 24 | 9.0% | 14.0% | ||
| Q2 24 | 8.8% | 12.5% |
每股收益（稀释后）IBPTYL
| Q1 26 | — | $1.88 | ||
| Q4 25 | $2.81 | $1.50 | ||
| Q3 25 | $2.74 | $1.93 | ||
| Q2 25 | $2.52 | $1.93 | ||
| Q1 25 | $1.64 | $1.84 | ||
| Q4 24 | $2.39 | $1.48 | ||
| Q3 24 | $2.44 | $1.74 | ||
| Q2 24 | $2.30 | $1.57 |
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 | $346.4M |
| 总债务越低越好 | $886.6M | — |
| 股东权益账面价值 | $709.9M | $3.6B |
| 总资产 | $2.1B | $4.8B |
| 负债/权益比越低杠杆越低 | 1.25× | — |
8季度趋势，按日历期对齐
现金及短期投资IBPTYL
| Q1 26 | — | $346.4M | ||
| Q4 25 | $321.9M | $1.1B | ||
| Q3 25 | $333.3M | $950.8M | ||
| Q2 25 | $305.2M | $892.3M | ||
| Q1 25 | $298.7M | $807.4M | ||
| Q4 24 | $327.6M | $768.0M | ||
| Q3 24 | $406.2M | $544.3M | ||
| Q2 24 | $380.3M | $258.0M |
总债务IBPTYL
| Q1 26 | — | — | ||
| Q4 25 | $886.6M | $599.7M | ||
| Q3 25 | $880.8M | $599.2M | ||
| Q2 25 | $876.1M | $598.8M | ||
| Q1 25 | $872.4M | $598.4M | ||
| Q4 24 | $874.8M | $597.9M | ||
| Q3 24 | $872.3M | $597.5M | ||
| Q2 24 | $875.8M | $597.1M |
股东权益IBPTYL
| Q1 26 | — | $3.6B | ||
| Q4 25 | $709.9M | $3.7B | ||
| Q3 25 | $678.6M | $3.6B | ||
| Q2 25 | $664.5M | $3.6B | ||
| Q1 25 | $660.9M | $3.5B | ||
| Q4 24 | $705.3M | $3.4B | ||
| Q3 24 | $716.4M | $3.3B | ||
| Q2 24 | $685.3M | $3.1B |
总资产IBPTYL
| Q1 26 | — | $4.8B | ||
| Q4 25 | $2.1B | $5.6B | ||
| Q3 25 | $2.1B | $5.5B | ||
| Q2 25 | $2.0B | $5.4B | ||
| Q1 25 | $2.0B | $5.2B | ||
| Q4 24 | $2.1B | $5.2B | ||
| Q3 24 | $2.1B | $5.0B | ||
| Q2 24 | $2.0B | $4.8B |
负债/权益比IBPTYL
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 0.16× | ||
| Q3 25 | 1.30× | 0.17× | ||
| Q2 25 | 1.32× | 0.16× | ||
| Q1 25 | 1.32× | 0.17× | ||
| Q4 24 | 1.24× | 0.18× | ||
| Q3 24 | 1.22× | 0.18× | ||
| Q2 24 | 1.28× | 0.19× |
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 | $107.3M |
| 自由现金流经营现金流 - 资本支出 | $49.3M | $2.0M |
| 自由现金流率自由现金流/营收 | 6.6% | 0.3% |
| 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× | 1.32× |
| 过去12个月自由现金流最近4个季度 | $300.8M | $585.7M |
8季度趋势，按日历期对齐
经营现金流IBPTYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $64.9M | $243.9M | ||
| Q3 25 | $124.0M | $255.2M | ||
| Q2 25 | $90.4M | $98.3M | ||
| Q1 25 | $92.1M | $56.2M | ||
| Q4 24 | $74.8M | $224.8M | ||
| Q3 24 | $101.4M | $263.7M | ||
| Q2 24 | $79.0M | $64.3M |
自由现金流IBPTYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | $49.3M | $239.6M | ||
| Q3 25 | $104.8M | $251.3M | ||
| Q2 25 | $74.8M | $92.8M | ||
| Q1 25 | $71.9M | $53.8M | ||
| Q4 24 | $52.9M | $221.0M | ||
| Q3 24 | $77.3M | $260.8M | ||
| Q2 24 | $58.2M | $57.7M |
自由现金流率IBPTYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | 6.6% | 41.7% | ||
| Q3 25 | 13.5% | 42.2% | ||
| Q2 25 | 9.8% | 15.6% | ||
| Q1 25 | 10.5% | 9.5% | ||
| Q4 24 | 7.1% | 40.8% | ||
| Q3 24 | 10.2% | 48.0% | ||
| Q2 24 | 7.9% | 10.7% |
资本支出强度IBPTYL
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 0.8% | ||
| Q3 25 | 2.5% | 0.7% | ||
| Q2 25 | 2.1% | 0.9% | ||
| Q1 25 | 2.9% | 0.4% | ||
| Q4 24 | 2.9% | 0.7% | ||
| Q3 24 | 3.2% | 0.5% | ||
| Q2 24 | 2.8% | 1.2% |
现金转化率IBPTYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | 0.85× | 3.72× | ||
| Q3 25 | 1.67× | 3.02× | ||
| Q2 25 | 1.31× | 1.16× | ||
| Q1 25 | 2.03× | 0.69× | ||
| Q4 24 | 1.12× | 3.45× | ||
| Q3 24 | 1.48× | 3.47× | ||
| Q2 24 | 1.21× | 0.95× |
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% |
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
