undamentalytics Newsletter
Sign in

Installed Building Products, Inc. (IBP) stock

Add to watchlist

Add holding +

NYSE: IBP NYSE Homebuilding Next results ~November 5, 2026

C+ Fundamentals grade

Installed Building Products, Inc. is a US-listed company in the homebuilding industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$160

Cash-flow model

Base case. Range ~$110–$220 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 37% above our base value.

Price used: $220.44, November 2, 2026

Installed Building Products, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Installed Building Products files

Where Installed Building Products stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.96bn, up 0.3% on a year earlier, about the same pace as a quarter earlier. That growth ranks 3 of 14 among the homebuilding companies we cover. Free-cash-flow margin held at 9.8%. The diluted share count is down 2.9% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 4 of our 7 financial-health checks. Our cash-flow model value is $160 a share, against a share price of $203. At that price, our model says the market is pricing in about 5.6% a year of cash-flow growth for five years, slower than the 8.5% a year revenue growth it has delivered.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Installed Building Products, Inc.'s trailing-twelve-month revenue grew 0.3% year on year, with a free-cash-flow margin of 9.8%. Where it stands out: gross margin of 33.6% ranks 2 of 11 homebuilding companies we cover. Where it lags: stock pay as % of revenue of 0.7% ranks 15 of 17 homebuilding companies we cover.

Our discounted-cash-flow model values the business at ~$160 per share in the base case (~$110–$220 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 0.3% (-0.2pp vs the prior quarter), the 7th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.9% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $220.44 is 27% above our value per share of $160.
  • Volatile shares. Over the past year the shares showed annualised volatility of 52% and a beta of 1.3 against the S&P 500.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 0.7% ranks 15 of 17 homebuilding companies we cover (median 0.5%).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 45.6% ranks 7 of 8 homebuilding companies we cover (median 17.1%).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$2.91 against an average estimate of $2.56: beat by 13.6%
Revenue
$778m, up 2.3% on a year earlier
Share reaction
+1.1% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
acquired revenue $100m (2026)
Next report
November 5, 2026; average EPS estimate $2.83

Installed Building Products' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.3%
  • 1 week+9.1%
  • 1 month+14.2%
  • This year-14.0%
  • 1 year-10.0%
  • 5 years+81.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3B
Operating margin
12.4%
Net margin
8.5%
EPS (TTM, diluted)
$9.29

Growth

Revenue growth
+0.3%
Change in growth rate
−0.2 pts
Share count change
−2.9%

Cash

Free cash flow (TTM)
$292M
FCF margin
9.8%
Stock pay % of revenue
0.7%

Earnings

Last results
August 6, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Announcement
  3. Announcement
  4. Results
  5. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Installed Building Products, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 6.6% a year of cash-flow growth for five years.That is close to the 8.5% a year revenue growth Installed Building Products has delivered.

  • Priced in6.6%
  • Last 12 months0.3%
  • 3 years a year2.4%
  • 5 years a year8.5%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($216.60, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$160
Price used
$216.60close November 3, 2026
Implied change
▼ 26%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Installed Building Products, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($298M, FY2026 Q2 TTM), growing 1.9% and 2% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$110–~$220 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Installed Building Products, Inc.'s free cash flow after stock-based pay ( $298M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Installed Building Products, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.94 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$160 ~$110–$220 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$170 ~$140–$210 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$130 ~$110–$160 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$150 ~$130–$170 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Installed Building Products, Inc. with Homebuilding in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −29%
  • Revenue growth 5 points higher ▲ +38%
  • Free-cash-flow margin 1 point lower ▼ −11%
  • Last year's free-cash-flow margin change, if it persists ▲ +5%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $137$194$271$372$503$673
8.5% $99$140$196$268$362$482
10% $76$108$151$206$277$369

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$22.61$37.61$69.16$30.68$62.71$92.82$128.49$80.56$175.26$170.21$256.32$220.44
Market value$708m$1.2bn$2.2bn$958m$1.9bn$2.8bn$3.8bn$2.3bn$5.0bn$4.8bn$7.0bn$5.9bn
+ Net debt (− = net cash)$116m$137m$285m$364m$391m$334m$530m$632m$481m$547m$565m$668m
Enterprise value$825m$1.3bn$2.5bn$1.3bn$2.3bn$3.1bn$4.3bn$3.0bn$5.4bn$5.3bn$7.6bn$6.6bn
Multiples
Price / sales 1.1x1.4x1.9x0.7x1.2x1.7x1.9x0.9x1.8x1.6x2.4x2.0x
Price / earnings 26.7x30.7x53.4x17.5x27.5x28.4x32.0x10.4x20.4x18.7x26.4x23.7x
Price / free cash flow 97.8x25.5x59.2x15.6x25.7x18.7x37.6x10.0x17.8x19.1x23.3x20.4x
EV / EBITDA 13.3x14.7x24.2x10.5x14.2x15.4x18.9x7.6x13.0x12.2x16.9x15.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

69 /100

Moderate moat

How hard Installed Building Products's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 14 / 20

    Net income has been a median 9.0% of total assets over 10 years.

  • Pricing power 11 / 20

    Gross margin has been a median 30.4%, moving by 2.2 percentage points (standard deviation) across 10 years.

  • Durability 11 / 20

    Operating margin has been a median 10.4%; its worst year was 6.4%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 10 of 10 years, at a median 7.4% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 9.0% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $788m and EPS of $2.83 (range $2.58 to $2.99) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $10.30 −10% $3.0bn +1%
Next $10.74 +4% $3.0bn +2%

Next year's EPS estimate has moved −4.1% in 90 days, across 15 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $2.56 $2.91 +13.6%
Mar 2026 $1.96 $1.79 −8.7%
Dec 2025 $2.75 $3.24 +18.0%
Sept 2025 $2.74 $3.18 +16.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Acquired revenue 2026 —
    “Year to date we have acquired approximately $59 million in revenue and continue to believe we will acquire at least $100 million in revenue in 2026.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Installed Building Products, Inc.'s revenue by +1.9% next year and +2.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+1.9%, weight 69%) and the company's own record (+2.0%, weight 31%) . How the weights are set.

Analyst recommendations

15 analysts, Oct 2026
Buy320%
Hold1280%
Sell00%

Monthly trend

  1. Oct 202631215
  2. Sep 202621214
  3. Aug 202611213
  4. Jul 202611213

Counts of recommendations published by analysts covering Installed Building Products, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.9%
of tradable shares
Days to cover
3.37
at average volume
Short interest, 1 month
−20%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
13.9%
of shares
Employees
10,400
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −10.0%

$244.96 on October 31, 2025 to $220.44

ThenNowEffect
Revenue (last 12 months) $3.0bn $3.0bn +0.3%
Net margin 8.5% 8.5% 0.0%
P/E multiple 27.2x 23.7x −12.9%
Share count 28m 27m +3.0%

Biggest factor: p/e multiple.

Last 3 years +84.2%

$119.69 on November 3, 2023 to $220.44

ThenNowEffect
Revenue (last 12 months) $2.8bn $3.0bn +7.5%
Net margin 8.7% 8.5% −3.1%
P/E multiple 14.1x 23.7x +67.9%
Share count 28m 27m +5.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
IBP+38%−37%+118%−3%+51%−14%
Industry peers (median)+54%−28%+88%−3%−12%+4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
IBP75%33%58%50%58%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
IBP−24%−48%−32%−35%−24%−47%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 62% from January 3, 2018 to October 24, 2018. Getting back needed a 162% gain, reached on January 23, 2020, 456 days after the low.

Price behaviour

52-week range
$180.33 – $340.11
From 52-week high
−35.2%
vs 50-day average
+6.9%
vs 200-day average
−10.3%
Volatility (1 year)
53%
Beta vs S&P 500
1.29

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±8.8%
After a week
7 up, 5 down
typical move ±11.5%
After a month
6 up, 6 down
typical move ±15.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +1.1% +0.5% +1.9% −1.2%
May 7, 2026 −26.5% +0.5% −27.4% −33.1%
February 26, 2026 +9.0% −1.0% +3.9% −12.1%
November 5, 2025 +5.8% −0.7% +11.4% +12.7%
August 7, 2025 +21.7% +0.7% +25.9% +31.9%
May 8, 2025 −2.0% +0.6% −1.0% +2.6%
February 27, 2025 −0.3% −0.1% +1.1% +0.4%
November 7, 2024 −7.7% +1.2% −8.7% −4.2%
August 1, 2024 −14.3% −3.3% −20.6% −17.8%
May 9, 2024 +0.7% +0.7% −6.5% −9.4%
February 22, 2024 +15.6% +2.1% +18.0% +28.4%
November 8, 2023 −0.3% −0.7% +11.4% +32.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Installed Building Products, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Installed Building Products, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Installed Building Products, Inc.
$2.7B $2.8B $2.9B $3B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.7B Revenue (TTM), FY23 Q4: $2.8B Revenue (TTM), FY24 Q1: $2.8B Revenue (TTM), FY24 Q2: $2.9B Revenue (TTM), FY24 Q3: $2.9B Revenue (TTM), FY24 Q4: $2.9B Revenue (TTM), FY25 Q1: $2.9B Revenue (TTM), FY25 Q2: $3B Revenue (TTM), FY25 Q3: $3B Revenue (TTM), FY25 Q4: $3B Revenue (TTM), FY26 Q1: $2.9B Revenue (TTM), FY26 Q2: $3B $3B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.7B
FY23 Q4 $2.8B
FY24 Q1 $2.8B
FY24 Q2 $2.9B
FY24 Q3 $2.9B
FY24 Q4 $2.9B
FY25 Q1 $2.9B
FY25 Q2 $3B
FY25 Q3 $3B
FY25 Q4 $3B
FY26 Q1 $2.9B
FY26 Q2 $3B
Revenue growth, TTM YoY Installed Building Products, Inc.
0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 9.0% Revenue growth, TTM YoY, FY23 Q4: 4.1% Revenue growth, TTM YoY, FY24 Q1: 2.6% Revenue growth, TTM YoY, FY24 Q2: 3.7% Revenue growth, TTM YoY, FY24 Q3: 6.1% Revenue growth, TTM YoY, FY24 Q4: 5.9% Revenue growth, TTM YoY, FY25 Q1: 4.3% Revenue growth, TTM YoY, FY25 Q2: 3.4% Revenue growth, TTM YoY, FY25 Q3: 2.1% Revenue growth, TTM YoY, FY25 Q4: 1.0% Revenue growth, TTM YoY, FY26 Q1: 0.5% Revenue growth, TTM YoY, FY26 Q2: 0.3% 0.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 9.0%
FY23 Q4 4.1%
FY24 Q1 2.6%
FY24 Q2 3.7%
FY24 Q3 6.1%
FY24 Q4 5.9%
FY25 Q1 4.3%
FY25 Q2 3.4%
FY25 Q3 2.1%
FY25 Q4 1.0%
FY26 Q1 0.5%
FY26 Q2 0.3%
Operating margin (TTM) Installed Building Products, Inc.
12% 12.5% 13% 13.5% 14% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 13.6% Operating margin (TTM), FY23 Q4: 13.3% Operating margin (TTM), FY24 Q1: 13.5% Operating margin (TTM), FY24 Q2: 13.4% Operating margin (TTM), FY24 Q3: 13.1% Operating margin (TTM), FY24 Q4: 13.0% Operating margin (TTM), FY25 Q1: 12.4% Operating margin (TTM), FY25 Q2: 12.5% Operating margin (TTM), FY25 Q3: 12.6% Operating margin (TTM), FY25 Q4: 13.0% Operating margin (TTM), FY26 Q1: 12.7% Operating margin (TTM), FY26 Q2: 12.4% 12.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 13.6%
FY23 Q4 13.3%
FY24 Q1 13.5%
FY24 Q2 13.4%
FY24 Q3 13.1%
FY24 Q4 13.0%
FY25 Q1 12.4%
FY25 Q2 12.5%
FY25 Q3 12.6%
FY25 Q4 13.0%
FY26 Q1 12.7%
FY26 Q2 12.4%
FCF margin (TTM) Installed Building Products, Inc.
8% 9% 10% 11% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 9.9% FCF margin (TTM), FY23 Q4: 10.0% FCF margin (TTM), FY24 Q1: 10.1% FCF margin (TTM), FY24 Q2: 10.1% FCF margin (TTM), FY24 Q3: 9.4% FCF margin (TTM), FY24 Q4: 8.5% FCF margin (TTM), FY25 Q1: 8.9% FCF margin (TTM), FY25 Q2: 9.4% FCF margin (TTM), FY25 Q3: 10.2% FCF margin (TTM), FY25 Q4: 10.1% FCF margin (TTM), FY26 Q1: 10.7% FCF margin (TTM), FY26 Q2: 9.8% 9.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 9.9%
FY23 Q4 10.0%
FY24 Q1 10.1%
FY24 Q2 10.1%
FY24 Q3 9.4%
FY24 Q4 8.5%
FY25 Q1 8.9%
FY25 Q2 9.4%
FY25 Q3 10.2%
FY25 Q4 10.1%
FY26 Q1 10.7%
FY26 Q2 9.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Installed Building Products took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $3B
  2. Cost of revenue $2B · 66.0%
  3. Gross profit $1B · 34.0%
  4. Selling, general and admin $437M · 14.7%
  5. Other operating costs $186M · 6.3%
  6. Operating income $386M · 13.0%
  7. Income tax $91.6M · 3.1%
  8. Interest and other $29.4M · 1.0%
  9. Net income $265M · 8.9%

Shares of revenue. Source: Installed Building Products's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 301 432 518 663 863 1,133 1,336 1,512 1,653 1,969 2,670 2,779 2,941 2,971 2,964
Gross profit 74 110 140 188 252 324 372 435 510 590 828 931 995 1,009 997
EBITDA 3 21 38 62 90 103 127 160 201 229 390 418 438 448 432
Operating income −2 13 26 45 66 74 93 121 162 188 345 369 383 386 368
Net income −2 6 14 27 38 41 55 68 97 119 223 244 257 265 251
Diluted EPS −$0.37 −$0.01 −$0.20 $0.85 $1.23 $1.30 $1.75 $2.28 $3.27 $4.01 $7.74 $8.61 $9.10 $9.71 $9.29
Growth (year on year)
Revenue — +43.4% +19.9% +27.9% +30.2% +31.3% +18.0% +13.1% +9.4% +19.1% +35.6% +4.1% +5.9% +1.0% +0.3%
EBITDA — — +76.0% +64.0% +44.7% +14.4% +23.4% +26.5% +25.5% +13.9% +70.3% +7.3% +4.7% +2.3% +0.3%
Operating income — — +95.6% +75.7% +46.9% +12.4% +25.5% +30.0% +33.6% +16.1% +83.8% +6.9% +3.6% +1.0% −0.8%
Net income — — — +90.3% +44.9% +7.0% +33.1% +24.5% +42.7% +22.2% +88.0% +9.1% +5.3% +3.4% +0.3%
Diluted EPS — — — — +44.7% +5.7% +34.6% +30.3% +43.4% +22.6% +93.0% +11.2% +5.7% +6.7% +3.4%
Margins
Gross margin 24.6% 25.4% 27.0% 28.4% 29.3% 28.6% 27.8% 28.8% 30.8% 29.9% 31.0% 33.5% 33.8% 34.0% 33.6%
EBITDA margin 0.9% 5.0% 7.3% 9.3% 10.4% 9.1% 9.5% 10.6% 12.2% 11.6% 14.6% 15.1% 14.9% 15.1% 14.6%
Operating margin −0.6% 3.0% 4.9% 6.8% 7.7% 6.6% 7.0% 8.0% 9.8% 9.5% 12.9% 13.3% 13.0% 13.0% 12.4%
Net margin −0.6% 1.4% 2.7% 4.0% 4.5% 3.6% 4.1% 4.5% 5.9% 6.0% 8.4% 8.8% 8.7% 8.9% 8.5%
Free-cash-flow margin 0.6% 0.4% 2.6% 1.1% 5.4% 3.3% 4.6% 4.8% 8.9% 5.1% 8.7% 10.0% 8.5% 10.1% 9.8%
Cash flow
Cash from operations 5 4 20 35 73 69 97 123 181 138 278 340 340 371 360
Capital spending 3 3 6 27 27 32 35 50 34 37 46 62 89 71 68
Free cash flow 2 2 13 7 46 37 61 73 147 101 232 279 251 301 292
Stock-based pay 5 — 0 2 2 7 8 9 11 14 14 16 19 22 22
Free cash flow after stock pay −3 — 13 5 44 31 54 64 136 88 219 263 232 279 270
Balance sheet
Cash 4 4 11 7 14 63 90 178 232 333 230 387 328 322 395
Total debt 0 28 27 123 151 348 455 569 565 863 861 867 875 887 1,062
Net debt (negative = net cash) −4 24 16 116 137 285 364 391 334 530 632 481 547 565 668
Diluted shares 20m 22m 30m 31m 31m 32m 31m 30m 30m 30m 29m 28m 28m 27m 27m
Returned to shareholders
Dividends — — — — — — — 0 0 35 63 63 85 88 89
Buybacks — — 5 6 — — 89 0 34 0 138 6 145 173 191
Total returned — — 5 6 — — 89 0 34 35 200 69 230 260 280

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · June 30, 2026
What it owns · $2.3bn
Short-term assets $1.2bnLonger-term assets $1.1bn
What it owes, and who funded it · $2.3bn
Short-term liabilities $387mLonger-term liabilities $1.2bnShareholders' equity $640m
  • Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $387m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.2bn short-term assets against $1.2bn of longer-dated liabilities.
  • More cash than debt $394m of cash against $1.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 166% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 200% to 166% over five years.
  • A year's operating cash flow covers at least 20% of debt $360m of operating cash flow against $1.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of $368m against $36m of interest.

From Installed Building Products, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$191M
Dividends (TTM)
$89M
Returned to shareholders
96%
of free cash flow
Buybacks, last 3 fiscal years
$324M
Diluted share count
−2.9%
year over year
Total shareholder yield
4.8%
dividends 1.5% + buybacks 3.3% of market value
Dividend payout ratio
36%
of net income paid out
Days sales outstanding
58 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in homebuilding
Last 12 months unless stated IBP SKY CVCO CCS DFH MHO Median
Revenue, last 12 months $3.0bn $2.7bn $2.4bn $3.8bn $4.1bn $4.2bn $3.8bn
Revenue growth, last 12 months 0.3% 4.5% 11.8% −8.2% −12.2% −6.0% −7.1%
Revenue growth, 3-year average 2.4% 4.4% 8.0% 1.3% 4.7% −0.6% −0.6%
Revenue growth, latest quarter 2.3% 1.3% 17.9% −11.8% −7.6% −4.9% −6.2%
Gross margin 33.6% 26.0% 22.7% 17.7% 19.8% 20.7% 21.1%
Operating margin 12.4% 8.7% 9.5% 7.2% — 8.2% 9.1%
Operating margin, 3-year average 12.8% 8.9% 9.7% 7.9% — 12.4% 12.0%
Net margin 8.5% 7.2% 7.7% 2.9% 3.5% 6.6% 7.2%
Cash from operations / revenue 12.1% 11.3% 12.7% −1.5% −3.3% 3.6% 7.8%
Free-cash-flow margin 9.8% 10.0% 9.7% −2.3% −3.9% 3.3% 7.7%
Free-cash-flow margin, 3-year average 9.8% 8.4% 8.7% −0.8% −2.1% 3.9% 5.8%
Stock pay / revenue 0.7% 0.8% 0.5% 0.4% 0.5% 0.4% 0.5%
Change in share count −2.9% −3.3% −3.5% −6.4% −4.6% −4.8% −4.8%

Median of all 17 companies we cover in homebuilding. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

17 homebuilding companies
Measure Company Peer median Rank
Revenue growth Growth 0.3% -7.1% 3 of 17
Change in growth rate Growth -0.2pp -0.6pp 8 of 17
Gross margin Profitability 33.6% 22.7% 2 of 11
Operating margin Profitability 12.4% 9.5% 3 of 8
Net margin Profitability 8.5% 7.2% 7 of 17
Free-cash-flow margin Cash generation 9.8% 7.7% 5 of 17
Stock pay as % of revenue Cash generation 0.7% 0.5% 15 of 17
Long-term debt as % of assets Balance sheet 45.6% 17.1% 7 of 8
Change in share count Balance sheet -2.9% -4.8% 13 of 16

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Product Installation $2.8B 93.2% ▲ 0.1%
Insulation $1.7B 61.8% ▼ 3.3%
Shower Doors Shelving and Mirrors $219M 7.9% ▲ 4.2%
Other Product Installation $207M 7.5% ▲ 15.5%
Other Building Products $184M 6.7% ▲ 3.8%
Garage Doors $173M 6.3% ▼ 1.8%
Waterproofing $161M 5.8% ▲ 13.0%
Fireproofing and Firestopping $117M 4.2% ▲ 35.1%
Rain Gutters $125M 4.2% ▼ 1.2%
Window Blinds $76.6M 2.6% ▲ 1.1%

From Installed Building Products, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$6B
Institutions reporting
425
Shares held vs prior quarter
▲ 1.2%
Positions opened / closed
66 / 90

Top buyers and sellers, Q2 2026: 221 institutions bought and 238 sold ; the biggest buyer was Blackrock, Inc (+832K shares) and the biggest seller TD Asset Management Inc (−362K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.1B 4.6M 17.5% ▲ 22.1%
Kayne Anderson Rudnick Investment Management LLC $423M 1.8M 7.0% ▲ 1.5%
Vanguard Portfolio Management LLC $322M 1.4M 5.3% ▲ 2.3%
State Street Corp $282M 1.2M 4.7% ▲ 15.6%
Price T Rowe Associates Inc $267M 1.2M 4.4% ▼ 18.8%
Vanguard Capital Management LLC $236M 1.0M 3.9% ▲ 0.1%
Geode Capital Management, LLC $172M 747K 2.8% ▲ 9.7%
FMR LLC $159M 690K 2.6% ▲ 95.3%
Timucuan Asset Management Inc $150M 652K 2.5% ▼ 21.1%
Morgan Stanley $146M 637K 2.4% ▼ 2.3%
Dimensional Fund Advisors LP $131M 568K 2.2% ▲ 7.9%
T. Rowe Price Investment Management, Inc. $121M 525K 2.0% ▲ 33.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Installed Building Products, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $1M 27 trades by 4 insiders, last 12 months Insider sales History → $129M 7 trades by 5 insiders · 0% under pre-set plans
Net ▼ $128M net selling
Insider Date Trade Shares Price Value
Jackson Janet E. Director September 3, 2026 Sell 1,086 $237.06 $257,447
Miller Michael Thomas Executive VP & CFO June 11, 2026 Buy 80 $205.52 $16,442
Miller Michael Thomas Executive VP & CFO June 11, 2026 Buy 155 $206.74 $32,045
Miller Michael Thomas Executive VP & CFO June 11, 2026 Buy 133 $201.91 $26,854
Miller Michael Thomas Executive VP & CFO June 11, 2026 Buy 278 $196.95 $54,752
Miller Michael Thomas Executive VP & CFO June 11, 2026 Buy 99 $202.73 $20,070
Miller Michael Thomas Executive VP & CFO June 11, 2026 Buy 20 $204.32 $4,086
Miller Michael Thomas Executive VP & CFO June 11, 2026 Buy 1 $200.03 $200
Miller Michael Thomas Executive VP & CFO June 11, 2026 Buy 65 $195.89 $12,733
Miller Michael Thomas Executive VP & CFO June 11, 2026 Buy 145 $197.55 $28,645
Miller Michael Thomas Executive VP & CFO June 11, 2026 Buy 14 $198.79 $2,783
Wheeler Brad A Chief Operating Officer May 11, 2026 Buy 716 $209.13 $149,737

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 21 trades and filings

In the last 12 months, 1 member of Congress disclosed 8 purchases and 3 sales of Installed Building Products, Inc. shares.

  • David J. Taylor(R-OH 2):Purchase, $1,001 - $15,000, traded September 8, 2026, filed September 17, 2026
  • David J. Taylor(R-OH 2):Purchase, $1,001 - $15,000, traded August 14, 2026, filed August 20, 2026
  • David J. Taylor(R-OH 2):Purchase, $1,001 - $15,000, traded June 15, 2026, filed July 1, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 26, 2026
  • November 5, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Installed Building Products, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Installed Building Products, Inc. in brief

What does Installed Building Products, Inc. do?
Installed Building Products, Inc. is a US-listed company in the homebuilding industry. Its financial year ends in December.
What is Installed Building Products, Inc.'s stock ticker?
Installed Building Products, Inc. trades under the ticker IBP on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Installed Building Products, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Installed Building Products, Inc. reported revenue of $3B, 0.3% higher than a year earlier, according to its SEC filings.
What is Installed Building Products, Inc.'s free cash flow?
Installed Building Products, Inc.'s free-cash-flow margin is 9.8% of revenue over the trailing twelve months, ranking 5 of the 17 homebuilding companies we cover.
What is Installed Building Products, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Installed Building Products, Inc.'s free cash flow after stock-based pay gives ~$160 per share in the base case, and ~$110–$220 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Installed Building Products, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Kayne Anderson Rudnick Investment Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Installed Building Products, Inc. buying back stock, and does it pay a dividend?
Installed Building Products, Inc. spent $191M on share repurchases over the trailing twelve months, and its diluted share count fell 2.9% over the year.
What is Installed Building Products, Inc.'s market cap?
On November 2, 2026, Installed Building Products, Inc.'s market capitalisation was about $5.9B, with a price-to-earnings ratio of 23.7 and net debt of $668M. Market figures come from third-party market data and may be delayed.
Does Installed Building Products, Inc. pay a dividend?
Yes: Installed Building Products, Inc. paid $89M in dividends over the trailing twelve months, a dividend yield of 1.52% and a payout ratio of 35.5%.
How much debt does Installed Building Products, Inc. have?
Installed Building Products, Inc.'s debt-to-equity ratio is 166.1%, from its latest balance sheet (199.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Installed Building Products, Inc.'s competitors?
In our Homebuilding peer group, the companies closest to Installed Building Products, Inc. are Champion Homes, Inc., Cavco Industries, Inc., Century Communities, Inc., Dream Finders Homes, Inc. and M/i Homes, Inc. The side-by-side comparison below sets their revenue, margins and growth against Installed Building Products, Inc.'s.
Are insiders buying or selling Installed Building Products, Inc. stock?
Over the last 12 months, Installed Building Products, Inc.'s directors and officers reported 27 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.
When is Installed Building Products, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Installed Building Products, Inc. announces its own schedule.