Friday 6 November 2026
Export IBP’s income statement to Excel — free account
Installed Building Products, Inc.
IBP Consumer Cyclical Residential Construction
Installed Building Products, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, up 1.00% from fiscal 2024.
- Revenue
- +3.88%
- EPS
- −18.2%
- Free cash flow
- −44.0%
- Total debt
- +19.9%
Quarter to September 2026, against a year earlier
221.55
13.87
−5.89%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 863 | 1,133 | 1,336 | 1,512 | 1,653 | 1,969 | 2,670 | 2,779 | 2,941 | 2,971 | 2,994 | +14.7% | 2,988 | 3,049 | 3,236 | +2.9% | |
| Gross margin, % | 29.25 | 28.60 | 27.80 | 28.77 | 30.85 | 29.94 | 31.01 | 33.50 | 33.81 | 33.97 | 33.07 | +4.7 pt | ||||||
| EBT | 60 | 56 | 72 | 93 | 131 | 156 | 303 | 333 | 346 | 357 | 315 | +22.0% | ||||||
| EBT margin, % | 6.91 | 4.93 | 5.40 | 6.13 | 7.93 | 7.90 | 11.36 | 11.99 | 11.78 | 12.02 | 10.53 | +5.1 pt | ||||||
| Net income | 38 | 41 | 55 | 68 | 97 | 119 | 223 | 244 | 257 | 265 | 236 | +23.9% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 27.57 | 35.81 | 42.96 | 50.81 | 56.03 | 67.04 | 93.00 | 98.66 | 104.93 | 109.21 | 113.22 | +16.5% | |||||
| Earnings | 1.23 | 1.30 | 1.76 | 2.29 | 3.30 | 4.04 | 7.78 | 8.65 | 9.16 | 9.76 | 8.84 | +25.9% | ||||||
| Cash flow | 2.34 | 2.17 | 3.11 | 4.14 | 6.13 | 4.71 | 9.68 | 12.08 | 12.13 | 13.65 | 11.75 | +21.6% | ||||||
| Capex | (0.84) | (0.97) | (1.07) | (1.66) | (1.10) | (1.17) | (1.52) | (2.09) | (3.06) | (2.50) | (2.39) | +12.9% | ||||||
| Free cash flow | 1.50 | 1.20 | 2.04 | 2.48 | 5.03 | 3.54 | 8.16 | 9.99 | 9.07 | 11.16 | 9.36 | +25.0% | ||||||
| Book value | 4.92 | 6.65 | 5.87 | 8.40 | 10.82 | 14.19 | 17.19 | 23.80 | 25.16 | 26.10 | 26.33 | +20.4% | ||||||
| Shares, m | 31 | 32 | 31 | 30 | 30 | 29 | 29 | 28 | 28 | 27 | 27 | (1.5%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 33.86 | 58.27 | 19.14 | 30.07 | 30.89 | 34.50 | 11.25 | 20.86 | 19.13 | 26.52 | 25.06 | 28.5 | |||||
| P/S | 1.51 | 2.12 | 0.78 | 1.36 | 1.82 | 2.08 | 0.94 | 1.83 | 1.67 | 2.38 | 1.96 | 1.6 | ||||||
| P/B | 8.47 | 11.38 | 5.74 | 8.20 | 9.42 | 9.84 | 5.11 | 0.00 | 6.96 | 9.94 | 8.41 | 7.5 | ||||||
| EV/Sales | 1.68 | 2.35 | 1.05 | 1.59 | 2.02 | 2.35 | 1.18 | 2.01 | 1.86 | 2.57 | 2.17 | 1.9 | ||||||
| EV/FCF | 30.87 | 69.84 | 22.19 | 32.66 | 22.53 | 44.58 | 13.48 | 19.82 | 21.49 | 25.12 | 26.27 | 30.3 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 73 | 69 | 97 | 123 | 181 | 138 | 278 | 340 | 340 | 371 | 311 | +19.8% | |||||
| Capex | (26) | (31) | (33) | (49) | (32) | (34) | (44) | (59) | (86) | (68) | (63) | +11.1% | ||||||
| Free cash flow | 47 | 38 | 63 | 74 | 148 | 104 | 234 | 281 | 254 | 304 | 248 | +23.0% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 62 | 195 | 230 | 368 | 387 | 552 | 556 | 724 | 696 | 698 | 812 | +30.8% | |||||
| Net debt | 145 | 261 | 358 | 357 | 336 | 533 | 638 | 487 | 553 | 569 | 644 | +16.4% | ||||||
| Shareholders’ equity | 154 | 211 | 182 | 250 | 319 | 417 | 494 | 670 | 705 | 710 | 696 | +18.5% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 9.20 | 6.85 | 6.96 | 7.05 | 8.50 | 8.36 | 13.02 | 12.96 | 12.70 | 12.86 | 10.83 | +3.7 pt | |||||
| ROIC | 13.79 | 9.83 | 10.78 | 12.48 | 15.44 | 12.37 | 19.08 | 19.93 | 19.00 | 18.89 | 16.44 | +5.1 pt | ||||||
| ROE | 28.63 | 22.57 | 27.86 | 31.52 | 34.17 | 32.28 | 49.08 | 103.70 | 75.27 | 37.51 | 34.29 | +8.9 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 5,292 | 6,900 | 7,700 | 8,500 | 8,950 | 9,500 | 10,300 | 10,600 | 10,800 | 10,400 | — | +7.8% | |||||
| Revenue/emp, $m | 0.16 | 0.16 | 0.17 | 0.18 | 0.18 | 0.21 | 0.26 | 0.26 | 0.27 | 0.29 | — | +6.4% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Installed Building Products, Inc. vs peers in Residential Construction (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| NVR NVR, Inc. | $17.1B | 16.9× | 17.6× | −7.94% (below 0%: shrinking) | −21.61% (below 0%: shrinking) | −52.66% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| TOL Toll Brothers Inc. | $14.3B | 12.4× | 11.5× | −9.72% (below 0%: shrinking) | −20.74% (below 0%: shrinking) | −36.31% (below 0%: shrinking) | 23.52% | 13.51% | Compare |
| IBP Installed Building Products, Inc. | $5.9B | 25.1× | 24.3× | +3.88% (above 0%: growing) | −18.18% (below 0%: shrinking) | −43.98% (below 0%: shrinking) | 31.84% | 11.34% | |
| SKY Champion Homes, Inc. | $5.1B | 27.2× | 24.4× | +6.22% (above 0%: growing) | −1.22% (below 0%: shrinking) | −57.16% (below 0%: shrinking) | 25.53% | 9.05% | Compare |
| CVCO Cavco Industries, Inc. | $4.9B | 27.1× | 27.5× | +17.94% (above 0%: growing) | +9.06% (above 0%: growing) | −3.01% (below 0%: shrinking) | 22.49% | 10.65% | Compare |
| MTH Meritage Homes Corporation | $4.6B | 15.9× | 14.9× | −17.41% (below 0%: shrinking) | −25.71% (below 0%: shrinking) | +66.18% (above 0%: growing) | 17.88% | 6.79% | Compare |
| MHO M/I Homes, Inc. | $3.4B | 12.5× | 12.0× | −4.92% (below 0%: shrinking) | −34.66% (below 0%: shrinking) | −139.62% (below 0%: shrinking) | 20.86% | 7.74% | Compare |
| KBH KB Home | $3.2B | 14.4× | 14.9× | −19.96% (below 0%: shrinking) | −35.34% (below 0%: shrinking) | −178.04% (below 0%: shrinking) | 16.85% | 5.54% | Compare |
| GRBK Green Brick Partners, Inc. | $2.8B | 10.6× | 10.6× | −8.82% (below 0%: shrinking) | −23.16% (below 0%: shrinking) | −346.83% (below 0%: shrinking) | 29.84% | 17.05% | Compare |
| Median of peers | $4.7B | 15.1× | 14.9× | −8.38% | −22.38% | −54.91% | 21.68% | 8.40% |
Pay and ownership Proxy statement filed 8 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 7.10m | 11.51m | 276.00 |
| 2024 | 6.17m | 6.24m | 183.00 |
| 2023 | 5.93m | 10.43m | 189.00 |
| 2022 | 5.33m | 696.97k | 87.00 |
| 2021 | 4.35m | 7.67m | 138.00 |
Ownership
Directors and executive officers, together
13.80%
BlackRock, Inc.
13.70%
Jeffrey W. Edwards
13.10%
The Vanguard Group, Inc.
9.70%
PJAM IBP Holdings, Inc.
6.40%
Kayne Anderson Rudnick Investment Management, LLC
6.40%
T. Rowe Price Associates, Inc.
5.80%
Installed Building Systems, Inc.
5.30%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Installed Building Products, Inc. (IBP) Latest News
5 Nov
14 Sep
6 Aug
4 Aug
22 Jun
IBP metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score