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IBP

Installed Building Products, Inc.

IBP

Installed Building Products, Inc. • NYSE
$268.02 ▼ -1.09% (-2.94)
Market Cap $7.27 B
52w High $280.00
52w Low $150.83
Dividend Yield 3.16%
P/E 28.91
Volume 109.81K
Outstanding Shares 27.13M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $778.2M ▲ $157.4M ▼ $74.4M ▲ 9.561% ▲ $2.75 ▲ $142.7M ▲
Q2-2025 $760.3M ▲ $158.9M ▲ $69M ▲ 9.075% ▲ $2.53 ▲ $137.3M ▲
Q1-2025 $684.8M ▼ $153.9M ▲ $45.4M ▼ 6.63% ▼ $1.65 ▼ $105.2M ▼
Q4-2024 $750.2M ▼ $153.3M ▼ $66.9M ▼ 8.918% ▼ $2.41 ▼ $133.8M ▼
Q3-2024 $760.6M $155.5M $68.6M 9.019% $2.45 $135.3M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $333.3M ▲ $2.051B ▲ $1.373B ▲ $678.6M ▲
Q2-2025 $305.2M ▲ $2.02B ▲ $1.356B ▲ $664.5M ▲
Q1-2025 $298.7M ▼ $1.999B ▼ $1.338B ▼ $660.9M ▼
Q4-2024 $327.6M ▼ $2.06B ▼ $1.355B ▼ $705.3M ▼
Q3-2024 $406.2M $2.072B $1.356B $716.4M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-56.7M ▼ $-182.5M ▼ $46.9M ▲ $-58.7M ▲ $28.1M ▲ $-146.7M ▼
Q2-2025 $69M ▲ $90.4M ▼ $-17.1M ▲ $-66.8M ▲ $6.5M ▲ $74.8M ▲
Q1-2025 $45.4M ▼ $92.1M ▲ $-26.1M ▲ $-94.9M ▼ $-28.9M ▲ $71.9M ▲
Q4-2024 $66.9M ▼ $74.8M ▼ $-64.7M ▼ $-88.7M ▼ $-78.6M ▼ $52.9M ▼
Q3-2024 $68.6M $101.4M $-39.2M $-36.3M $25.9M $77.3M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Fireproofing And Firestopping
Fireproofing And Firestopping
 $20.00M ▲$20.00M ▲$30.00M ▲$30.00M ▲
Garage Doors
Garage Doors
 $40.00M ▲$40.00M ▲$40.00M ▲$40.00M ▲
Insulation
Insulation
 $440.00M ▲$410.00M ▼$450.00M ▲$440.00M ▼
Other Building Products
Other Building Products
 $40.00M ▲$40.00M ▲$50.00M ▲$50.00M ▲
Product and Service Other
Product and Service Other
 $0 ▲$40.00M ▲$40.00M ▲$60.00M ▲
Product Installation
Product Installation
 $690.00M ▲$650.00M ▼$720.00M ▲$720.00M ▲
Rain Gutters
Rain Gutters
 $30.00M ▲$30.00M ▲$30.00M ▲$40.00M ▲
Shower Doors Shelving And Mirrors
Shower Doors Shelving And Mirrors
 $50.00M ▲$50.00M ▲$60.00M ▲$60.00M ▲
Waterproofing
Waterproofing
 $40.00M ▲$30.00M ▼$40.00M ▲$40.00M ▲
Window Blinds
Window Blinds
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement IBP’s income statement shows a business that has grown steadily and become more profitable over the past several years. Sales have climbed at a healthy pace, and profits have grown even faster, which means margins have improved. The company is turning more of each dollar of revenue into operating income and net income, suggesting good cost control and pricing power. Recent growth is a bit more moderate than the early post‑pandemic surge, but overall profitability still looks strong for a cyclical, construction‑linked business.

Balance Sheet

Balance Sheet The balance sheet reflects a company that has expanded while steadily building its equity base. Assets have grown as IBP has acquired businesses and broadened its footprint. Debt remains meaningful and is still higher than equity, so this is not a low‑leverage profile, but the burden has not exploded and equity has been catching up. Cash levels are solid but not excessive, which is typical for a company actively investing and acquiring. Overall, it looks like a reasonably balanced but geared capital structure that relies on consistent cash generation to stay comfortable.

Cash Flow

Cash Flow IBP generates reliable cash flow from its operations, and importantly, it keeps a good portion of that as free cash after its investment spending. Capital expenditures are modest relative to cash from operations, showing a relatively asset‑light model and disciplined spending. Free cash flow has trended up over time, which supports debt service, acquisitions, and shareholder returns without stretching the balance sheet. The pattern suggests that earnings quality is generally sound, with cash largely backing up the reported profits.

Competitive Edge

Competitive Edge IBP holds a strong position in the U.S. installation market, supported by its size, national reach, and disciplined acquisition strategy. Its scale gives it better purchasing power with manufacturers than most local competitors, helping on both costs and availability of materials. The “one‑stop shop” approach for builders—covering insulation plus several other installed products—creates convenience and stickier customer relationships. At the same time, the business is tied to housing and construction cycles, and ongoing acquisitions bring integration and execution risks that need continual management.

Innovation and R&D

Innovation and R&D Innovation at IBP is more about process, integration, and sustainability than about inventing new products. The company focuses on using data and technology to run its branch network more efficiently, integrate acquisitions smoothly, and support consistent service quality. It is also leaning into sustainability: lower‑emission materials, higher recycled content, and cleaner energy use are becoming part of its offering and brand. While IBP is not a heavy R&D spender in the classic sense, its operational and ESG efforts position it to benefit from long‑term trends toward energy‑efficient and greener buildings.

Summary

Installed Building Products looks like a scaled, cash‑generative installer benefiting from a well‑executed roll‑up strategy and a broad range of services for builders. Profitability and cash flow have improved meaningfully over time, and the balance sheet, while leveraged, appears to be supported by recurring cash generation. Its moat comes from national scale, purchasing power, and the combination of local relationships with centralized systems. Key uncertainties revolve around housing and construction cycles, acquisition discipline, and the pace of sustainability and technology adoption in its markets. Overall, IBP presents as an operationally strong, acquisition‑driven business in a cyclical but structurally important niche of residential construction.

NEWS

November 5, 2025 · 7:30 AM UTC

Installed Building Products Reports Record Third Quarter 2025 Results

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October 29, 2025 · 4:30 PM UTC

Installed Building Products Announces 2025 Fourth Quarter Cash Dividend Payment

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October 22, 2025 · 8:00 AM UTC

Installed Building Products to Report Third Quarter 2025 Financial Results

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October 13, 2025 · 4:30 PM UTC

Installed Building Products Announces the Acquisitions of Echols Glass & Mirror, Inc. and Vanderkoy Bros, LLC

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October 10, 2025 · 4:05 PM UTC

Installed Building Products Publishes 2025 Environmental, Social and Governance Report

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