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FBS Global vs Installed Building Products: revenue, profit, margins and growth compared

FBS Global brought in $19.1M of revenue in fiscal 2025, Installed Building Products $3B in fiscal 2025. Revenue changed by +84.3% at FBS Global and +1.0% at Installed Building Products on the year before, so FBS Global grew faster. FBS Global kept -7.9% of its revenue as net profit, Installed Building Products 8.9%. Free cash flow was -$3.1M at FBS Global and $300.8M at Installed Building Products.

Side by side, latest fiscal year

FBGLIBP
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$19.1M$3B
Revenue growth+84.3%+1.0%
Net income-$1.5M$265.4M
Net margin-7.9%8.9%
Free cash flow-$3.1M$300.8M
Free cash flow margin-16.2%10.1%
Earnings per share (diluted)-$0.11$9.71
Cash$3.9M$321.9M
Debt$95.4K$886.6M
Price to earningsn/a20.6
Market value$5.1M$5.3B
Dividend yieldn/a1.59%
Rank by revenue in sector#831 of 955 · Consumer discretionary#286 of 955 · Consumer discretionary

Over the years

Revenue
FBGL FY2023: $16.1MFBGL FY2024: $10.4MFBGL FY2025: $19.1MIBP FY2018: $1.3BIBP FY2019: $1.5BIBP FY2020: $1.7BIBP FY2021: $2BIBP FY2022: $2.7BIBP FY2023: $2.8BIBP FY2024: $2.9BIBP FY2025: $3BFY18FY19FY20FY21FY22FY23FY24FY25
FBGL $19.1MIBP $3B
Net income
FBGL FY2023: $51.5KFBGL FY2023: $3.5KFBGL FY2024: -$610.8KFBGL FY2025: -$1.5MIBP FY2018: $54.7MIBP FY2019: $68.2MIBP FY2020: $97.2MIBP FY2021: $118.8MIBP FY2022: $223.4MIBP FY2023: $243.7MIBP FY2024: $256.6MIBP FY2025: $265.4MFY18FY19FY20FY21FY22FY23FY24FY25
FBGL -$1.5MIBP $265.4M
Net margin
FBGL FY2023: 0.0%FBGL FY2024: -5.9%FBGL FY2025: -7.9%IBP FY2018: 4.1%IBP FY2019: 4.5%IBP FY2020: 5.9%IBP FY2021: 6.0%IBP FY2022: 8.4%IBP FY2023: 8.8%IBP FY2024: 8.7%IBP FY2025: 8.9%FY18FY19FY20FY21FY22FY23FY24FY25
FBGL -7.9%IBP 8.9%
Revenue growth
FBGL FY2024: -35.7%FBGL FY2025: +84.3%IBP FY2019: +13.1%IBP FY2020: +9.4%IBP FY2021: +19.1%IBP FY2022: +35.6%IBP FY2023: +4.1%IBP FY2024: +5.9%IBP FY2025: +1.0%FY19FY20FY21FY22FY23FY24FY25
FBGL +84.3%IBP +1.0%
Free cash flow
FBGL FY2023: $2.7MFBGL FY2024: -$147.9KFBGL FY2025: -$3.1MIBP FY2018: $61.4MIBP FY2019: $72.9MIBP FY2020: $147.2MIBP FY2021: $101.3MIBP FY2022: $232.3MIBP FY2023: $278.6MIBP FY2024: $251.4MIBP FY2025: $300.8MFY18FY19FY20FY21FY22FY23FY24FY25
FBGL -$3.1MIBP $300.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about FBS Global and Installed Building Products

Which is bigger by revenue, FBS Global or Installed Building Products?

Installed Building Products is bigger by revenue: $3B in fiscal 2025, against $19.1M for FBS Global in fiscal 2025.

Which keeps more of its revenue as profit, FBS Global or Installed Building Products?

FBS Global had a net margin of -7.9% in fiscal 2025; Installed Building Products had 8.9% in fiscal 2025.

Which grew revenue faster, FBS Global or Installed Building Products?

In their latest fiscal years revenue changed by +84.3% at FBS Global and +1.0% at Installed Building Products.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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