Installed Building (IBP) | Financial Analysis & Statements
Installed Building Products Inc. Mid-cap Consumer Cyclical
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
747.5M
Gross Profit
261.5M
34.98%
Operating Income
108.8M
14.56%
Net Income
76.6M
10.25%
Balance Sheet Metrics
Total Assets
2.1B
Total Liabilities
1.4B
Shareholders Equity
709.9M
Debt to Equity
1.91
Cash Flow Metrics
Operating Cash Flow
59.7M
Free Cash Flow
49.3M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Installed Building Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 3.0B | 2.9B | 2.8B | 2.7B | 2.0B |
| Cost of Goods Sold | 2.0B | 1.9B | 1.8B | 1.8B | 1.4B |
| Gross Profit | 1.0B | 994.5M | 930.7M | 827.8M | 589.5M |
| Gross Margin % | 34.0% | 33.8% | 33.5% | 31.0% | 29.9% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 581.8M | 564.6M | 517.1M | 454.7M | 365.6M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 581.8M | 564.6M | 517.1M | 454.7M | 365.6M |
| Operating Income | 386.4M | 387.4M | 369.1M | 329.3M | 186.8M |
| Operating Margin % | 13.0% | 13.2% | 13.3% | 12.3% | 9.5% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | 31.7M | 36.9M | 37.0M | 41.6M | 32.8M |
| Other Non-Operating Income | 2.3M | -4.1M | 1.0M | 15.6M | 1.5M |
| Pre-tax Income | 357.0M | 346.4M | 333.1M | 303.3M | 155.5M |
| Income Tax | 91.6M | 89.8M | 89.4M | 79.9M | 36.7M |
| Effective Tax Rate % | 25.7% | 25.9% | 26.8% | 26.3% | 23.6% |
| Net Income | 265.4M | 256.6M | 243.7M | 223.4M | 118.8M |
| Net Margin % | 8.9% | 8.7% | 8.8% | 8.4% | 6.0% |
| Key Metrics | |||||
| EBITDA | 533.6M | 522.7M | 495.8M | 446.5M | 290.2M |
| EPS (Basic) | $9.76 | $9.16 | $8.65 | $7.78 | $4.04 |
| EPS (Diluted) | $9.71 | $9.10 | $8.61 | $7.74 | $4.01 |
| Basic Shares Outstanding | 27201802 | 28030187 | 28161583 | 28708166 | 29367676 |
| Diluted Shares Outstanding | 27201802 | 28030187 | 28161583 | 28708166 | 29367676 |
Income Statement Trend
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Installed Building Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 321.9M | 327.6M | 386.5M | 229.6M | 333.5M |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 444.1M | 433.9M | 423.3M | 397.2M | 312.8M |
| Inventory | 203.0M | 194.6M | 162.8M | 176.6M | 143.0M |
| Other Current Assets | 73.6M | 98.8M | 97.4M | 81.0M | 70.0M |
| Total Current Assets | 1.0B | 1.1B | 1.1B | 884.4M | 859.3M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 98.7M | 95.6M | 78.1M | 76.2M | 69.9M |
| Goodwill | 1.2B | 1.1B | 1.1B | 1.0B | 909.5M |
| Intangible Assets | 261.5M | 270.5M | 268.7M | 283.4M | 264.4M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 31.5M | 31.5M | 28.5M | 42.5M | 31.1M |
| Total Non-Current Assets | 1.0B | 1.0B | 911.3M | 894.5M | 793.9M |
| Total Assets | 2.1B | 2.1B | 2.0B | 1.8B | 1.7B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 119.0M | 146.6M | 158.6M | 149.2M | 132.7M |
| Short-term Debt | 76.3M | 69.5M | 63.2M | 59.6M | 55.8M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 79.4M | 76.5M | 65.0M | 67.7M | 68.1M |
| Total Current Liabilities | 344.2M | 359.0M | 346.4M | 328.1M | 307.6M |
| Non-Current Liabilities | |||||
| Long-term Debt | 915.4M | 908.8M | 891.6M | 886.4M | 881.6M |
| Deferred Tax Liabilities | 24.7M | 26.3M | 24.5M | 28.4M | 4.8M |
| Other Non-Current Liabilities | 73.8M | 60.5M | 48.5M | 42.5M | 42.4M |
| Total Non-Current Liabilities | 1.0B | 995.6M | 964.6M | 957.3M | 928.8M |
| Total Liabilities | 1.4B | 1.4B | 1.3B | 1.3B | 1.2B |
| Equity | |||||
| Common Stock | 300.0K | 300.0K | 300.0K | 300.0K | 333.0K |
| Retained Earnings | 1.0B | 865.5M | 693.8M | 513.1M | 352.5M |
| Treasury Stock | 640.0M | 456.8M | 302.2M | 289.3M | 147.2M |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 709.9M | 705.3M | 670.3M | 493.5M | 416.8M |
| Key Metrics | |||||
| Total Debt | 991.7M | 978.3M | 954.8M | 946.0M | 937.4M |
| Working Capital | 698.4M | 695.9M | 723.6M | 556.3M | 551.7M |
Balance Sheet Composition
Installed Building Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 265.4M | 256.6M | 243.7M | 223.4M | 118.8M |
| Depreciation & Amortization | 144.9M | 134.5M | 125.7M | 117.7M | 103.0M |
| Stock-Based Compensation | 21.5M | 19.4M | 15.9M | 13.8M | 13.8M |
| Working Capital Changes | -60.0M | -71.2M | -40.6M | -72.5M | -102.6M |
| Operating Cash Flow | 364.9M | 331.0M | 335.8M | 275.2M | 137.9M |
| Investing Activities | |||||
| Capital Expenditures | -67.9M | -85.7M | -58.9M | -43.6M | -34.3M |
| Acquisitions | -51.5M | -88.6M | -59.6M | -113.5M | -241.3M |
| Investment Purchases | - | 0 | 0 | -344.4M | 0 |
| Investment Sales | 13.6M | 17.5M | 0 | 345.0M | 0 |
| Investing Cash Flow | -112.0M | -159.1M | -103.4M | -158.7M | -278.4M |
| Financing Activities | |||||
| Share Repurchases | -172.6M | -145.3M | -6.3M | -137.6M | 0 |
| Dividends Paid | -87.6M | -84.7M | -63.1M | -62.7M | -35.3M |
| Debt Issuance | 46.3M | 214.7M | 38.7M | 30.9M | 527.8M |
| Debt Repayment | -39.3M | -212.8M | -37.4M | -37.5M | -228.4M |
| Financing Cash Flow | -256.0M | -231.8M | -73.3M | -218.6M | 247.7M |
| Free Cash Flow | 300.8M | 251.4M | 278.6M | 232.3M | 101.3M |
| Net Change in Cash | -3.1M | -59.9M | 159.1M | -102.1M | 107.2M |
Cash Flow Trend
Installed Building Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
32.38
Forward P/E
26.03
Price to Book
11.87
Price to Sales
2.85
PEG Ratio
1.77
Profitability Ratios
Profit Margin
8.93%
Operating Margin
14.62%
Return on Equity
37.51%
Return on Assets
11.77%
Financial Health
Current Ratio
3.03
Debt to Equity
139.70
Beta
1.98
Per Share Data
EPS (TTM)
$9.71
Book Value per Share
$26.48
Revenue per Share
$109.21
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| IBP | 8.3B | 32.38 | 11.87 | 37.51% | 8.93% | 139.70 |
| D.R. Horton | 46.8B | 15.42 | 1.98 | 13.08% | 9.51% | 27.12 |
| Lennar | 23.2B | 13.64 | 1.07 | 8.08% | 5.39% | 24.99 |
| Taylor Morrison Home | 6.1B | 9.42 | 0.97 | 11.11% | 8.77% | 38.65 |
| Meritage Homes | 4.6B | 12.60 | 0.91 | 7.49% | 6.86% | 36.15 |
| Skyline Champion | 4.5B | 21.79 | 2.84 | 14.09% | 8.10% | 7.48 |
Financial data is updated regularly. All figures are in the company's reporting currency.






