Saturday 17 October 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. In the quarter to June 2026, revenue grew 2.30%, EPS fell 3.56%, free cash flow fell 31.0% and total debt rose 21.4%, each against the same quarter a year earlier. Revenue growth for ten consecutive years; insiders bought in the last twelve months.
185.43
2.51
−1.34%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 17.60 | 40.00 | 29.24 | 32.79 | 29.02 | 99.36 | 69.44 | 86.20 | 168.08 | 150.83 |
Analyst estimates 2026–2028 Powerpack |
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| High | 44.30 | 79.40 | 78.15 | 76.60 | 121.67 | 141.43 | 140.72 | 189.07 | 281.04 | 293.53 | |||||
| People | |||||||||||||||
| People | Employees | 5,292 | 6,900 | 7,700 | 8,500 | 8,950 | 9,500 | 10,300 | 10,600 | 10,800 | 10,400 | ||||
| Revenue/emp, $m | 0.16 | 0.16 | 0.17 | 0.18 | 0.18 | 0.21 | 0.26 | 0.26 | 0.27 | 0.29 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 863 | 1,133 | 1,336 | 1,512 | 1,653 | 1,969 | 2,670 | 2,779 | 2,941 | 2,971 | ||||
| Gross margin, % | 29.25 | 28.60 | 27.80 | 28.77 | 30.85 | 29.94 | 31.01 | 33.50 | 33.81 | 33.97 | |||||
| EBT | 60 | 56 | 72 | 93 | 131 | 156 | 303 | 333 | 346 | 357 | |||||
| EBT margin, % | 6.91 | 4.93 | 5.40 | 6.13 | 7.93 | 7.90 | 11.36 | 11.99 | 11.78 | 12.02 | |||||
| Net income | 38 | 41 | 55 | 68 | 97 | 119 | 223 | 244 | 257 | 265 | |||||
| Depreciation | 35 | 56 | 60 | 80 | 89 | 104 | 120 | 128 | 136 | 146 | |||||
| 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 | ||||
| Earnings | 1.23 | 1.30 | 1.76 | 2.29 | 3.30 | 4.04 | 7.78 | 8.65 | 9.16 | 9.76 | |||||
| Cash flow | 2.34 | 2.17 | 3.11 | 4.14 | 6.13 | 4.71 | 9.68 | 12.08 | 12.13 | 13.65 | |||||
| Capex | (0.84) | (0.97) | (1.07) | (1.66) | (1.10) | (1.17) | (1.52) | (2.09) | (3.06) | (2.50) | |||||
| Free cash flow | 1.50 | 1.20 | 2.04 | 2.48 | 5.03 | 3.54 | 8.16 | 9.99 | 9.07 | 11.16 | |||||
| Book value | 4.92 | 6.65 | 5.87 | 8.40 | 10.82 | 14.19 | 17.19 | 23.80 | 25.16 | 26.10 | |||||
| Shares, m | 31 | 32 | 31 | 30 | 30 | 29 | 29 | 28 | 28 | 27 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 33.86 | 58.27 | 19.14 | 30.07 | 30.89 | 34.50 | 11.25 | 20.86 | 19.13 | 26.52 | ||||
| P/S | 1.51 | 2.12 | 0.78 | 1.36 | 1.82 | 2.08 | 0.94 | 1.83 | 1.67 | 2.38 | |||||
| P/B | 8.47 | 11.38 | 5.74 | 8.20 | 9.42 | 9.84 | 5.11 | 0.00 | 6.96 | 9.94 | |||||
| EV/Sales | 1.68 | 2.35 | 1.05 | 1.59 | 2.02 | 2.35 | 1.18 | 2.01 | 1.86 | 2.57 | |||||
| EV/FCF | 30.87 | 69.84 | 22.19 | 32.66 | 22.53 | 44.58 | 13.48 | 19.82 | 21.49 | 25.12 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 73 | 69 | 97 | 123 | 181 | 138 | 278 | 340 | 340 | 371 | ||||
| Capex | (26) | (31) | (33) | (49) | (32) | (34) | (44) | (59) | (86) | (68) | |||||
| Free cash flow | 47 | 38 | 63 | 74 | 148 | 104 | 234 | 281 | 254 | 304 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 62 | 195 | 230 | 368 | 387 | 552 | 556 | 724 | 696 | 698 | ||||
| Total debt | 160 | 354 | 459 | 573 | 568 | 866 | 868 | 874 | 880 | 891 | |||||
| Net debt | 145 | 261 | 358 | 357 | 336 | 533 | 638 | 487 | 553 | 569 | |||||
| Shareholders’ equity | 154 | 211 | 182 | 250 | 319 | 417 | 494 | 670 | 705 | 710 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 9.20 | 6.85 | 6.96 | 7.05 | 8.50 | 8.36 | 13.02 | 12.96 | 12.70 | 12.86 | ||||
| ROIC | 13.79 | 9.83 | 10.78 | 12.48 | 15.44 | 12.37 | 19.08 | 19.93 | 19.00 | 18.89 | |||||
| ROE | 28.63 | 22.57 | 27.86 | 31.52 | 34.17 | 32.28 | 49.08 | 103.70 | 75.27 | 37.51 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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. | $15.8B | 14.6× | 17.0× | −10.48% (below 0%: shrinking) | −23.46% (below 0%: shrinking) | −682.68% (below 0%: shrinking) | 20.85% | 14.17% | Compare |
| TOL Toll Brothers Inc. | $12.3B | 10.7× | 10.8× | −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. | $5.0B | 19.9× | 23.8× | +2.30% (above 0%: growing) | −3.56% (below 0%: shrinking) | −30.95% (below 0%: shrinking) | 33.29% | 12.16% | |
| SKY Champion Homes, Inc. | $4.3B | 22.7× | 22.0× | +1.27% (above 0%: growing) | −21.24% (below 0%: shrinking) | −4.47% (below 0%: shrinking) | 25.24% | 8.49% | Compare |
| CVCO Cavco Industries, Inc. | $4.1B | 22.3× | 22.8× | +9.54% (above 0%: growing) | −15.56% (below 0%: shrinking) | +5.65% (above 0%: growing) | 22.07% | 8.65% | Compare |
| MTH Meritage Homes Corporation | $3.9B | 12.3× | 13.6× | −13.77% (below 0%: shrinking) | −33.01% (below 0%: shrinking) | +2,516.98% (above 0%: growing) | 18.60% | 8.19% | Compare |
| MHO M/I Homes, Inc. | $3.2B | 10.3× | 10.9× | −8.54% (below 0%: shrinking) | −31.86% (below 0%: shrinking) | −11.50% (below 0%: shrinking) | 22.15% | 9.53% | Compare |
| GRBK Green Brick Partners, Inc. | $2.7B | 9.2× | 12.0× | −8.70% (below 0%: shrinking) | −8.06% (below 0%: shrinking) | −113.25% (below 0%: shrinking) | 31.90% | 19.54% | Compare |
| KBH KB Home | $2.7B | 12.0× | 16.2× | −19.96% (below 0%: shrinking) | −35.34% (below 0%: shrinking) | −178.04% (below 0%: shrinking) | 5.54% | 5.54% | Compare |
| Median of peers | $4.0B | 12.1× | 14.9× | −9.21% | −22.35% | −23.90% | 22.11% | 9.09% |
Installed Building Products, Inc. (IBP) key facts
- Strength: Installed Building Products, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, up 1.00% from fiscal 2024.
- Strength: Net income was $265.4 million, or $9.76 per share (basic), a net margin of 8.93%.
- Installed Building Products, Inc. (IBP) is a Residential Construction company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
- As of October 16, 2026, IBP traded at $185.43, a market capitalization of $5.0 billion.
- At that price the stock trades at 19.9× trailing-twelve-month earnings and 1.7× sales; its P/E is higher than 21% of its own readings over the past ten years.
- Installed Building Products, Inc. pays an annual dividend of $1.15 per share, a yield of 0.62%, with a payout ratio of 12.4%.
- Return on equity was 37.5% and debt-to-equity 1.67.
- Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 6.28 (safe zone) for fiscal 2025.