Installed Building Products, Inc. income statement
In fiscal 2025, Installed Building Products, Inc. reported revenue of $2.97bn, up 1.0% on the year before, operating income of $386m (a 13.0% margin) and net income of $265m, or $9.71 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | 227 | 322 | 378 | 474 | 611 | 809 | 965 | 1,077 | 1,143 | 1,379 | 1,842 | 1,848 | 1,947 | 1,962 | 1,967 |
| Gross profit | 74 | 110 | 140 | 188 | 252 | 324 | 372 | 435 | 510 | 590 | 828 | 931 | 995 | 1,009 | 997 |
| General and administrative | 56 | 67 | 81 | 99 | 125 | 164 | 186 | 214 | 238 | 272 | 336 | 385 | 425 | 437 | 443 |
| Operating income | −2 | 13 | 26 | 45 | 66 | 74 | 93 | 121 | 162 | 188 | 345 | 369 | 383 | 386 | 368 |
| Interest expense | 2 | 2 | 3 | 4 | 6 | 17 | 20 | 28 | 30 | 33 | 42 | 37 | 37 | 32 | 36 |
| Income before tax | −4 | 11 | 23 | 42 | 60 | 56 | 72 | 93 | 131 | 156 | 303 | 333 | 346 | 357 | 335 |
| Income tax | 1 | 4 | 9 | 15 | 21 | 15 | 17 | 24 | 34 | 37 | 80 | 89 | 90 | 92 | 84 |
| 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 |
| Diluted shares (average) | 20m | 22m | 30m | 31m | 31m | 32m | 31m | 30m | 30m | 30m | 29m | 28m | 28m | 27m | 27m |
| EBITDA | 3 | 21 | 38 | 62 | 90 | 103 | 127 | 160 | 201 | 229 | 390 | 418 | 438 | 448 | 432 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 761 | 750 | 685 | 760 | 778 | 748 | 661 | 778 |
| Cost of revenue | 504 | 498 | 461 | 500 | 514 | 486 | 448 | 519 |
| Gross profit | 257 | 252 | 224 | 260 | 264 | 262 | 212 | 259 |
| General and administrative | 109 | 106 | 108 | 113 | 111 | 105 | 110 | 117 |
| Operating income | 101 | 99 | 70 | 101 | 107 | 109 | 58 | 95 |
| Interest expense | 8 | 9 | 8 | 8 | 7 | 8 | 10 | 11 |
| Income before tax | 94 | 89 | 61 | 93 | 100 | 102 | 47 | 85 |
| Income tax | 25 | 23 | 16 | 24 | 26 | 25 | 12 | 20 |
| Net income | 69 | 67 | 45 | 69 | 74 | 77 | 35 | 65 |
| Diluted EPS | $2.44 | $2.39 | $1.64 | $2.52 | $2.74 | $2.82 | $1.29 | $2.43 |
| EBITDA | 116 | 114 | 85 | 116 | 122 | 125 | 74 | 111 |
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