Installed Building Products, Inc. (IBP) vs Champion Homes, Inc. (SKY)

Installed Building Products, Inc. and Champion Homes, Inc. are both Residential Construction companies. Installed Building Products, Inc. is the larger, with a market value of $5.9B against $5.1B — 1.2× the size. Installed Building Products, Inc. trades at the lower P/E: 25.1× against 27.2×. Champion Homes, Inc. grew revenue faster over the last twelve months: 3.45% against 0.70%. Installed Building Products, Inc. has the higher net margin (7.87% vs 6.84%) and the higher return on invested capital (16.4% vs 15.8%). Across the 22 metrics below, Installed Building Products, Inc. leads on 11 and Champion Homes, Inc. on 11.

Valuation

Metric IBP SKY Residential Construction median
P/E 25.06 27.25 15.45
P/S 1.96 1.86 1.32
P/B 8.41 3.20 1.24
Price to free cash flow 23.66 21.85 21.26
EV/EBITDA 12.52 15.88 12.52
EV/Sales 2.17 1.60 1.48
Earnings yield 3.99% 3.67% 6.38%
Free cash flow yield 4.23% 4.58% 4.64%

Profitability

Metric IBP SKY Residential Construction median
Gross margin 33.07% 25.47% 19.15%
Operating margin 11.78% 8.27% 7.50%
Net margin 7.87% 6.84% 6.72%
Free cash flow margin 8.27% 8.50% 8.39%
Return on equity 34.29% 11.76% 11.56%
Return on assets 10.83% 8.73% 6.99%
Return on invested capital 16.44% 15.80% 4.98%

Growth

Metric IBP SKY Residential Construction median
Revenue growth (TTM) 0.70% 3.45% (6.00%)
EPS growth (last fiscal year) 6.70% 7.02% (25.22%)
Revenue growth, 5-year CAGR 12.44% 13.39% 8.74%
Net income growth, 5-year CAGR 22.24% 19.52% 8.25%

Health

Metric IBP SKY Residential Construction median
Debt to equity 1.52 0.01 0.17
Current ratio 3.12 2.75 3.25
Net debt to EBITDA 1.07 (2.08) 0.37

Dividend

Metric IBP SKY Residential Construction median
Dividend yield 0.52% — 1.15%
Payout ratio 0.13 — 0.18

Size

Metric IBP SKY Residential Construction median
Market cap 5.93b 5.06b 4.72b

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