IBP · Installed Building Products, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.97B | $2.94B | $2.78B | $2.67B | $1.97B | $1.65B |
| Cost of Revenue | $1.96B | $1.95B | $1.85B | $1.84B | $1.38B | $1.14B |
| Gross Profit | $1.01B | $994.50M | $930.70M | $827.78M | $589.52M | $509.97M |
| R&D | - | - | - | - | - | - |
| SG&A | $437.20M | $424.80M | $385.30M | $335.69M | $271.36M | $237.96M |
| Total Operating Expenses | $622.90M | $612.00M | $561.60M | $348.11M | - | - |
| D&A | $61.40M | $55.40M | $49.20M | $39.01M | $43.56M | $41.34M |
| Operating Income | $386.40M | $382.50M | $369.10M | $345.41M | $187.88M | $161.87M |
| Interest Expense | $31.70M | $36.90M | $37.00M | $41.57M | $32.84M | $30.29M |
| Income Tax | $91.60M | $89.80M | $89.40M | $79.88M | $36.71M | $33.94M |
| Net Income | $265.40M | $256.60M | $243.70M | $223.43M | $118.76M | $97.24M |
| EPS - Basic | $9.76 | $9.16 | $8.65 | $7.78 | $4.04 | $3.30 |
| EPS - Diluted | $9.71 | $9.10 | $8.61 | $7.74 | $4.01 | $3.27 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $321.90M | $327.60M | $386.50M | $229.63M | $333.49M | $231.52M |
| Accounts Receivable | $444.10M | $433.90M | $423.30M | $397.22M | $312.77M | $266.57M |
| Inventory | $203.00M | $194.60M | $162.80M | $176.63M | $143.04M | $77.18M |
| Accounts Payable | $119.00M | $146.60M | $158.60M | $149.19M | $132.71M | $101.46M |
| Current Assets | $1.04B | $1.05B | $1.07B | $884.41M | $859.32M | $623.94M |
| Total Assets | $2.07B | $2.06B | $1.98B | $1.78B | $1.65B | $1.19B |
| Current Liabilities | $344.20M | $359.00M | $346.40M | $328.06M | $307.57M | $236.47M |
| Long-term Debt | $850.00M | $842.40M | $835.10M | $830.17M | $832.19M | $541.96M |
| Total Liabilities | $1.36B | $1.35B | $1.31B | $1.29B | $1.24B | $868.49M |
| Stockholders' Equity | $709.90M | $705.30M | $670.30M | $493.50M | $416.84M | $319.18M |
| Retained Earnings | $1.04B | $865.50M | $693.80M | $513.10M | $352.54M | $269.42M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $371.40M | $340.00M | $340.20M | $277.90M | $138.31M | $180.79M |
| Investing Cash Flow | ($112.00M) | ($159.10M) | ($103.40M) | ($158.67M) | ($278.44M) | ($77.79M) |
| Financing Cash Flow | ($265.10M) | ($239.80M) | ($79.90M) | ($223.09M) | $242.09M | ($49.36M) |
| CapEx | $70.60M | $88.60M | $61.60M | $45.65M | $36.98M | $33.59M |
| Free Cash Flow | $300.80M | $251.40M | $278.60M | $232.26M | $101.33M | $147.20M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 34.0% | 33.8% | 33.5% | 31.0% | 29.9% | 30.8% |
| Operating margin | 13.0% | 13.0% | 13.3% | 12.9% | 9.5% | 9.8% |
| EBITDA margin | 15.1% | 14.9% | 15.1% | 14.4% | 11.8% | 12.3% |
| Net margin | 8.9% | 8.7% | 8.8% | 8.4% | 6.0% | 5.9% |
| Free cash flow margin | 10.1% | 8.5% | 10.0% | 8.7% | 5.1% | 8.9% |
| FCF / Net income | 1.13 | 0.98 | 1.14 | 1.04 | 0.85 | 1.51 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 14.7% | 14.4% | 13.9% | 12.6% | 13.8% | 14.4% |
| Effective tax rate | 25.7% | 25.9% | 26.8% | 26.3% | 23.6% | 25.9% |
| Return on assets | 12.8% | 12.5% | 12.3% | 12.6% | 7.2% | 8.2% |
| Return on equity | 37.4% | 36.4% | 36.4% | 45.3% | 28.5% | 30.5% |
| Return on invested capital | 18.4% | 18.3% | 17.9% | 19.2% | 11.5% | 13.9% |
| Liquidity | ||||||
| Current ratio | 3.03 | 2.94 | 3.09 | 2.70 | 2.79 | 2.64 |
| Quick ratio | 2.44 | 2.40 | 2.62 | 2.16 | 2.33 | 2.31 |
| Cash ratio | 0.94 | 0.91 | 1.12 | 0.70 | 1.08 | 0.98 |
| Leverage | ||||||
| Debt / Equity | 1.20 | 1.19 | 1.25 | 1.68 | 2.00 | 1.70 |
| Debt / Assets | 0.41 | 0.41 | 0.42 | 0.47 | 0.50 | 0.46 |
| Debt / EBITDA | 1.90 | 1.92 | 2.00 | 2.16 | 3.60 | 2.67 |
| Interest coverage | 12.2x | 10.4x | 10.0x | 8.3x | 5.7x | 5.3x |
| Equity multiplier | 2.91 | 2.92 | 2.96 | 3.60 | 3.97 | 3.72 |
| Liabilities / Assets | 0.66 | 0.66 | 0.66 | 0.72 | 0.75 | 0.73 |
| Efficiency | ||||||
| Asset turnover | 1.44 | 1.43 | 1.40 | 1.50 | 1.19 | 1.39 |
| Inventory turnover | 9.66 | 10.00 | 11.35 | 10.43 | 9.64 | 14.81 |
| Days sales outstanding | 55d | 54d | 56d | 54d | 58d | 59d |
| Days inventory outstanding | 38d | 36d | 32d | 35d | 38d | 25d |
| Days payable outstanding | 22d | 27d | 31d | 30d | 35d | 32d |
| Cash conversion cycle | 70d | 63d | 56d | 60d | 61d | 51d |
| Valuation | ||||||
| P / E | 26.7x | 19.3x | 21.2x | 11.1x | 34.8x | 31.2x |
| P / B | 10.0x | 7.0x | 7.7x | 5.0x | 9.9x | 9.5x |
| P / S | 2.4x | 1.7x | 1.9x | 0.9x | 2.1x | 1.8x |
| EV / EBITDA | 17.0x | 12.5x | 13.4x | 8.0x | 20.0x | 16.4x |
| Growth | ||||||
| Revenue growth (YoY) | 1.0% | 5.9% | 4.1% | 35.6% | 19.1% | 9.4% |
| Revenue CAGR (3y) | 3.6% | 14.3% | 18.9% | 20.9% | 31.6% | 13.4% |
| Revenue CAGR (5y) | 12.4% | 14.2% | 26.3% | 18.7% | 17.9% | 20.1% |
| Gross profit growth (YoY) | 1.5% | 6.9% | 12.4% | 40.4% | 15.6% | 17.3% |
| Operating income growth (YoY) | 1.0% | 3.6% | 6.9% | 83.8% | 16.1% | 33.6% |
| Net income growth (YoY) | 3.4% | 5.3% | 9.1% | 88.1% | 22.1% | 42.7% |
| EPS growth (YoY) | 6.7% | 5.7% | 11.2% | 93.0% | 22.6% | 43.4% |
| EPS CAGR (3y) | 7.9% | 31.4% | 38.1% | 50.3% | 48.3% | - |
| EPS CAGR (5y) | 24.3% | 31.9% | 47.6% | - | - | - |
| FCF growth (YoY) | 19.6% | -9.8% | 20.0% | 129.2% | -31.2% | 101.9% |
| FCF CAGR (5y) | 15.4% | 28.1% | 35.3% | 44.3% | 17.0% | 82.6% |
| Book value growth (YoY) | 0.7% | 5.2% | 35.8% | 18.4% | 30.6% | 27.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.02B totalInstallation Segment$2.76B · 91.4%
All Other Segments$258.60M · 8.6%
Product / service
$5.73B totalProduct Installation$2.76B · 48.2%
Insulation$1.71B · 29.8%
Shower Doors Shelving And Mirrors$218.80M · 3.8%
Other Product Installation$207.20M · 3.6%
Other Building Products$184.20M · 3.2%
Garage Doors$172.90M · 3.0%
Waterproofing$160.70M · 2.8%
Rain Gutters$124.90M · 2.2%
Fireproofing And Firestopping$116.60M · 2.0%
Window Blinds$76.60M · 1.3%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.90
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
8/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: General Bldg Contractors - Residential Bldgs
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| LEN, LEN.B | $34.19B | 6.1% | 9.5% |
| GEO | $2.63B | 9.7% | 16.9% |
| BOX | $1.51M | -3801.1% | -106.5% |
Comparing Installed Building Products against the 3 most active filers in the same SIC group.
Dividends
$3.30/share trailing 12 months · +5.8% YoY
| Ex-date | Per share |
|---|---|
| Mar 13, 2026 | $2.1900 |
| Dec 15, 2025 | $0.3700 |
| Sep 15, 2025 | $0.3700 |
| Jun 13, 2025 | $0.3700 |
| Mar 14, 2025 | $2.0700 |
| Dec 13, 2024 | $0.3500 |
| Sep 13, 2024 | $0.3500 |
| Jun 14, 2024 | $0.3500 |
| Mar 14, 2024 | $1.9500 |
| Dec 14, 2023 | $0.3300 |
| Sep 14, 2023 | $0.3300 |
| Jun 14, 2023 | $0.3300 |
| Mar 14, 2023 | $1.2300 |
| Dec 14, 2022 | $0.3150 |
| Sep 14, 2022 | $0.3150 |
| Jun 14, 2022 | $0.3150 |
| Mar 14, 2022 | $1.2150 |
| Dec 14, 2021 | $0.3000 |
| Sep 14, 2021 | $0.3000 |
| Jun 14, 2021 | $0.3000 |
| Mar 12, 2021 | $0.3000 |