Installed Building Products IncInstalled Building Products Inc
Installed Building Products Inc

Installed Building Products Inc

IBP
Consumer Discretionary·Household Durables

Installed Building Products, Inc. engages in the business of installing insulation for the residential new construction market. The firm operates through the following segments: Installation, Distribution, and Manufacturing. The Installation segment focuses on service-based installation of various products in the residential new construction, repair and remodel and commercial construction end markets from national network of branch locations. The Distribution segment distributes various insulation products including equipment and machines and services in several states throughout the Midwest. The Manufacturing segment operates in Bucyrus, Ohio producing cellulose insulation and specialty industrial fibers. Its products include garage doors, rain gutters, shower doors, closet shelving, and mirrors. The company was founded in 1977 and is headquartered in Columbus, OH.

Ohio; U.S.A
Market cap
No dataNo data
Revenue
$3B+1.0% YoY
Net income
$265.4M+3.4% YoY
Free cash flow
$300.8M+19.6% YoY

Market

Listed stock
IBPPriceNYSE
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Financial performance

Revenue
$3B+1.0% YoY
Operating income
$386.4M+1.0% YoY
Net income
$265.4M+3.4% YoY
Free cash flow
$300.8M+19.6% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $2B, 2022 $2.7B, 2023 $2.8B, 2024 $2.9B, 2025 $3B. Operating income: 2021 $187.9M, 2022 $345.4M, 2023 $369.1M, 2024 $382.5M, 2025 $386.4M. Net income: 2021 $118.8M, 2022 $223.4M, 2023 $243.7M, 2024 $256.6M, 2025 $265.4M. Free cash flow: 2021 $101.3M, 2022 $232.3M, 2023 $278.6M, 2024 $251.4M, 2025 $300.8M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
1.0%−485 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $187.9M, 2022-12-31 $345.4M, 2023-12-31 $369.1M, 2024-12-31 $382.5M, 2025-12-31 $386.4M. Net income: 2021-12-31 $118.8M, 2022-12-31 $223.4M, 2023-12-31 $243.7M, 2024-12-31 $256.6M, 2025-12-31 $265.4M. Free cash flow: 2021-12-31 $101.3M, 2022-12-31 $232.3M, 2023-12-31 $278.6M, 2024-12-31 $251.4M, 2025-12-31 $300.8M

Growth heatmap

2022202320242025CAGR
Revenue
+35.6%
+4.1%
+5.9%
+1.0%
+10.8%
Gross profit
+40.4%
+12.4%
+6.9%
+1.5%
+14.4%
Operating income
+83.8%
+6.9%
+3.6%
+1.0%
+19.8%
Free cash flow
+129.2%
+20.0%
-9.8%
+19.6%
+31.3%

Earnings quality

Operating cash flow
$371.4M+9.2% YoY
Net income
$265.4M+3.4% YoY
Free cash flow
$300.8M+19.6% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 140%, 2024-12-31 133%, 2023-12-31 140%, 2022-12-31 124%, 2021-12-31 116%. Free cash flow: 2025-12-31 113%, 2024-12-31 98%, 2023-12-31 114%, 2022-12-31 104%, 2021-12-31 85%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
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Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
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Price to sales
No data
No data
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No data
EV / EBITDA
No data
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Free cash flow yield
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