Installed Building Products (IBP) Financials

$214.05 -0.17 (-0.08%)

Closing price 05/22/2026 03:59 PM Eastern

Extended Trading

$214.02 -0.03 (-0.02%)

As of 05/22/2026 06:31 PM Eastern

Annual Income Statements for Installed Building Products

This table shows Installed Building Products' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	27	38	42	54	61	97	127	264	237	258	253
Consolidated Net Income / (Loss)	27	38	41	55	68	97	119	223	244	257	265
Net Income / (Loss) Continuing Operations	27	38	41	55	68	97	119	223	244	257	265
Total Pre-Tax Income	42	60	56	72	93	131	156	303	333	346	357
Total Operating Income	45	66	74	93	121	162	188	345	369	383	386
Total Gross Profit	188	252	324	372	435	510	590	828	931	995	1,009
Total Revenue	663	863	1,133	1,336	1,512	1,653	1,969	2,670	2,779	2,941	2,971
Operating Revenue	663	863	1,133	1,336	1,512	1,653	1,969	2,670	2,779	2,941	2,971
Total Cost of Revenue	474	611	809	965	1,077	1,143	1,379	1,842	1,848	1,947	1,962
Operating Cost of Revenue	474	611	809	965	1,077	1,143	1,379	1,842	1,848	1,947	1,962
Total Operating Expenses	143	186	250	278	314	348	402	482	562	612	623
Selling, General & Admin Expense	137	175	223	253	289	320	366	455	517	565	582
Amortization Expense	6.26	11	27	25	25	29	37	44	45	43	41
Impairment Charge	-	-	-	-	-	-	-	0.00	0.00	4.90	0.00
Total Other Income / (Expense), net	-3.02	-6.44	-18	-21	-29	-31	-32	-42	-36	-36	-29
Interest Expense	3.74	6.18	17	20	28	30	33	42	37	37	32
Other Income / (Expense), net	0.72	-0.26	-0.56	-0.54	-0.45	-0.40	0.40	-0.50	1.00	0.80	2.30
Income Tax Expense	15	21	15	17	24	34	37	80	89	90	92
Basic Earnings per Share	$0.85	$1.23	$1.30	$1.76	$2.29	$3.30	$4.04	$7.78	$8.65	$9.16	$9.76
Weighted Average Basic Shares Outstanding	31.30M	31.30M	31.64M	31.11M	29.75M	29.50M	29.37M	28.71M	28.16M	28.03M	27.20M
Diluted Earnings per Share	$0.85	$1.23	$1.30	$1.75	$2.28	$3.27	$4.01	$7.74	$8.61	$9.10	$9.71
Weighted Average Diluted Shares Outstanding	31.33M	31.36M	31.76M	31.23M	29.87M	29.72M	29.63M	28.87M	28.31M	28.19M	27.33M
Weighted Average Basic & Diluted Shares Outstanding	31.20M	31.20M	31.60M	31.10M	30.02M	29.62M	33.27M	28.31M	28.37M	27.76M	26.98M
Cash Dividends to Common per Share	-	-	-	-	$0.00	$0.00	$1.20	$2.16	$2.22	$3.00	$3.18

This table shows Installed Building Products' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	74	53	61	65	58	74	40	65	72	75	35
Consolidated Net Income / (Loss)	68	65	56	65	69	67	45	69	74	77	35
Net Income / (Loss) Continuing Operations	68	65	56	65	69	67	45	69	74	77	35
Total Pre-Tax Income	93	90	76	87	94	89	61	93	100	102	47
Total Operating Income	102	98	88	95	101	99	70	101	107	109	58
Total Gross Profit	242	246	235	251	257	252	224	260	264	262	212
Total Revenue	707	721	693	738	761	750	685	760	778	748	661
Operating Revenue	707	721	693	738	761	750	685	760	778	748	661
Total Cost of Revenue	464	475	458	486	504	498	461	500	514	486	448
Operating Cost of Revenue	464	475	458	486	504	498	461	500	514	486	448
Total Operating Expenses	140	148	147	157	156	153	154	159	157	153	155
Selling, General & Admin Expense	129	137	136	141	145	143	144	149	147	142	144
Amortization Expense	11	11	11	11	11	11	10	10	10	11	11
Total Other Income / (Expense), net	-9.50	-7.40	-12	-8.10	-7.40	-9.10	-8.50	-7.60	-6.50	-6.80	-11
Interest Expense	9.70	7.80	12	8.20	7.70	9.10	8.30	8.30	6.90	8.20	10
Other Income / (Expense), net	0.20	0.40	0.40	0.10	0.30	-	-0.20	0.70	0.40	1.40	-0.20
Income Tax Expense	25	25	21	22	25	23	16	24	26	25	12
Basic Earnings per Share	$2.41	$2.29	$1.98	$2.32	$2.45	$2.41	$1.65	$2.53	$2.75	$2.83	$1.30
Weighted Average Basic Shares Outstanding	28.20M	28.16M	28.17M	28.17M	27.99M	28.03M	27.52M	27.32M	27.07M	27.20M	26.80M
Diluted Earnings per Share	$2.40	$2.29	$1.97	$2.30	$2.44	$2.39	$1.64	$2.52	$2.74	$2.81	$1.29
Weighted Average Diluted Shares Outstanding	28.32M	28.31M	28.39M	28.32M	28.12M	28.19M	27.70M	27.40M	27.17M	27.33M	26.97M
Weighted Average Basic & Diluted Shares Outstanding	28.41M	28.37M	28.45M	28.23M	28.14M	27.76M	27.62M	27.33M	27.13M	26.98M	26.94M
Cash Dividends to Common per Share	$0.33	$0.33	$1.95	$0.35	$0.35	$0.35	$2.07	$0.37	$0.37	$0.37	$2.19

This table details how cash moves in and out of Installed Building Products' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-3.94	7.66	48	28	87	54	102	-104	157	-59	-5.70
Net Cash From Operating Activities	35	73	69	97	123	181	138	278	340	340	371
Net Cash From Continuing Operating Activities	35	73	69	97	123	181	138	278	340	340	371
Net Income / (Loss) Continuing Operations	27	38	41	55	68	97	119	223	244	257	265
Consolidated Net Income / (Loss)	27	38	41	55	68	97	119	223	244	257	265
Depreciation Expense	17	24	28	33	39	41	44	47	52	59	66
Amortization Expense	6.53	12	28	27	41	48	61	72	75	77	80
Non-Cash Adjustments To Reconcile Net Income	1.51	4.85	11	11	17	16	19	42	9.00	17	16
Changes in Operating Assets and Liabilities, net	-17	-5.24	-40	-29	-42	-22	-104	-107	-40	-70	-56
Net Cash From Investing Activities	-111	-80	-200	-74	-132	-78	-278	-159	-103	-159	-112
Net Cash From Continuing Investing Activities	-111	-80	-200	-74	-132	-78	-278	-159	-103	-159	-112
Purchase of Property, Plant & Equipment	-27	-27	-32	-35	-50	-34	-37	-46	-62	-89	-71
Acquisitions	-84	-53	-137	-58	-52	-76	-241	-114	-60	-89	-52
Sale of Property, Plant & Equipment	0.63	0.69	0.96	1.96	0.76	1.19	2.70	2.00	2.70	2.90	2.70
Other Investing Activities, net	-0.42	0.04	-2.42	-3.02	-2.89	-6.87	-2.80	-2.20	15	15	7.40
Net Cash From Financing Activities	73	14	180	5.37	96	-49	242	-223	-80	-240	-265
Net Cash From Continuing Financing Activities	73	14	180	5.37	96	-49	242	-223	-80	-240	-265
Repayment of Debt	-189	-156	-123	-24	-228	-29	264	-36	-35	-25	-36
Repurchase of Common Equity	-6.10	0.00	0.00	-89	0.00	-34	0.00	-142	-13	-153	-182
Payment of Dividends	-3.15	-3.06	-4.46	-3.95	-6.73	-6.28	-44	-74	-68	-87	-90
Issuance of Debt	221	161	322	125	333	21	28	31	39	29	46
Other Financing Activities, net	50	12	-15	-2.28	-2.33	-0.97	-5.60	-2.30	-2.90	-3.00	-3.10
Cash Interest Paid	3.29	5.34	14	20	21	26	26	40	43	44	41
Cash Income Taxes Paid	13	19	39	4.95	23	37	39	69	93	84	82

This table details how cash moves in and out of Installed Building Products' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	85	47	13	-20	26	-79	-29	6.50	28	-11	152
Net Cash From Operating Activities	112	90	85	79	101	75	92	90	124	65	102
Net Cash From Continuing Operating Activities	112	90	85	79	101	75	92	90	124	65	102
Net Income / (Loss) Continuing Operations	68	65	56	65	69	67	45	69	74	77	35
Consolidated Net Income / (Loss)	68	65	56	65	69	67	45	69	74	77	35
Depreciation Expense	13	14	14	14	15	16	16	16	17	17	18
Amortization Expense	19	19	19	20	19	20	19	20	20	22	21
Non-Cash Adjustments To Reconcile Net Income	2.00	3.40	2.70	7.10	2.40	4.60	5.40	3.50	3.60	3.40	6.60
Changes in Operating Assets and Liabilities, net	10	-11	-6.30	-27	-3.70	-32	5.70	-18	9.70	-54	23
Net Cash From Investing Activities	-18	-26	-21	-34	-39	-65	-26	-17	-37	-32	-45
Net Cash From Continuing Investing Activities	-18	-26	-21	-34	-39	-65	-26	-17	-37	-32	-45
Purchase of Property, Plant & Equipment	-19	-15	-22	-21	-24	-22	-20	-16	-19	-16	-17
Acquisitions	-4.60	-15	-4.10	-19	-19	-47	-8.30	-3.00	-21	-19	-29
Sale of Property, Plant & Equipment	0.60	0.60	0.70	1.10	0.60	0.50	0.40	0.80	0.70	0.80	0.50
Other Investing Activities, net	4.20	3.40	4.10	4.20	3.50	3.40	2.00	0.70	2.30	2.40	-0.40
Net Cash From Financing Activities	-9.40	-18	-50	-65	-36	-89	-95	-67	-59	-45	95
Net Cash From Continuing Financing Activities	-9.40	-18	-50	-65	-36	-89	-95	-67	-59	-45	95
Repayment of Debt	-9.00	-8.70	0.90	-9.20	-8.50	-8.50	-8.50	-8.80	-9.20	-9.70	-319
Repurchase of Common Equity	0.10	-7.10	-0.20	-54	-21	-79	-34	-58	-52	-38	-26
Payment of Dividends	-9.80	-11	-55	-11	-10	-10	-57	-12	-10	-11	-59
Issuance of Debt	10	10	5.20	9.80	3.80	9.90	5.80	12	14	15	500
Other Financing Activities, net	-0.80	-0.70	-0.80	-0.70	-0.70	-0.80	-0.70	-0.70	-0.80	-0.90	-1.10
Cash Interest Paid	16	6.20	16	6.40	15	6.70	15	5.80	14	6.10	16
Cash Income Taxes Paid	20	28	0.80	42	20	21	0.70	36	21	24	-0.60

This table presents Installed Building Products' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	374	462	739	835	1,099	1,188	1,653	1,779	1,981	2,060	2,068
Total Current Assets	150	192	355	412	582	624	859	884	1,070	1,055	1,043
Cash & Equivalents	6.82	14	63	90	178	232	333	230	387	328	322
Accounts Receivable	103	128	181	214	245	267	313	397	423	434	444
Inventories, net	29	40	48	61	75	77	143	177	163	195	203
Prepaid Expenses	-	-	-	-	47	49	70	81	97	99	74
Plant, Property, & Equipment, net	58	68	81	90	106	0.00	0.00	0.00	137	175	183
Total Noncurrent Assets	166	202	303	333	411	564	794	895	774	830	842
Goodwill	91	107	155	173	196	217	323	374	399	433	450
Intangible Assets	67	86	138	150	154	171	264	283	269	271	262
Other Noncurrent Operating Assets	8.02	8.51	9.27	10	62	175	207	238	107	127	130
Total Liabilities & Shareholders' Equity	374	462	739	835	1,099	1,188	1,653	1,779	1,981	2,060	2,068
Total Liabilities	259	308	528	652	849	868	1,236	1,285	1,311	1,355	1,358
Total Current Liabilities	97	130	160	182	214	236	308	328	346	359	344
Short-Term Debt	18	24	22	27	40	44	31	31	32	32	37
Accounts Payable	51	68	87	97	99	101	133	149	159	147	119
Current Employee Benefit Liabilities	14	18	25	28	34	46	51	52	60	66	70
Other Current Liabilities	14	20	25	29	42	45	93	96	96	114	119
Total Noncurrent Liabilities	162	178	368	470	635	632	929	957	965	996	1,014
Long-Term Debt	113	134	331	432	545	542	832	830	835	842	850
Noncurrent Deferred & Payable Income Tax Liabilities	15	14	6.44	6.70	9.18	0.04	4.82	28	25	26	25
Other Noncurrent Operating Liabilities	22	21	25	28	77	88	88	92	105	127	139
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	114	154	211	182	250	319	417	494	670	705	710
Total Preferred & Common Equity	114	154	211	182	250	319	417	494	670	705	710
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	114	154	211	182	250	319	417	494	670	705	710
Common Stock	157	159	174	182	191	200	212	229	245	262	284
Retained Earnings	-31	7.29	48	105	173	269	353	513	694	866	1,043
Treasury Stock	-11	-12	-13	-104	-107	-142	-147	-289	-302	-457	-640
Accumulated Other Comprehensive Income / (Loss)	-	0.00	0.51	-0.43	-7.14	-8.76	-0.23	41	34	35	22

This table presents Installed Building Products' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,764	1,168	1,836	1,921	2,003	2,025	2,073	1,999	2,020	2,051	2,230
Total Current Assets	898	863	918	1,000	1,079	1,087	1,125	995	1,017	1,035	1,170
Cash & Equivalents	203	-	255	340	400	380	406	299	305	333	474
Accounts Receivable	416	398	417	427	426	440	451	419	448	448	426
Inventories, net	182	170	163	160	171	176	182	198	192	188	206
Prepaid Expenses	72	76	83	73	83	92	85	78	73	66	64
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	176	177	185	191
Total Noncurrent Assets	866	524	918	921	924	938	948	828	825	831	869
Goodwill	357	-	393	395	400	406	415	436	437	444	461
Intangible Assets	276	290	279	271	261	257	256	267	260	260	267
Other Noncurrent Operating Assets	233	235	245	255	263	275	277	126	129	127	141
Total Liabilities & Shareholders' Equity	1,764	1,780	1,836	1,921	2,003	2,025	2,073	1,999	2,020	2,051	2,230
Total Liabilities	1,306	1,274	1,275	1,293	1,324	1,340	1,356	1,338	1,356	1,373	1,562
Total Current Liabilities	359	316	315	325	340	353	377	345	357	372	350
Short-Term Debt	56	57	61	32	60	32	32	67	33	35	74
Accounts Payable	156	135	138	144	157	158	169	142	150	138	125
Current Employee Benefit Liabilities	61	46	52	61	47	57	69	54	64	74	55
Other Current Liabilities	85	79	64	88	76	107	107	81	110	125	96
Total Noncurrent Liabilities	948	958	961	968	984	987	979	994	999	1,000	1,213
Long-Term Debt	828	830	831	833	843	844	841	840	843	846	1,035
Noncurrent Deferred & Payable Income Tax Liabilities	20	26	28	30	26	26	22	24	23	22	25
Other Noncurrent Operating Liabilities	94	95	95	98	108	111	111	130	133	132	153
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	458	505	561	628	679	685	716	661	665	679	668
Total Preferred & Common Equity	458	505	561	628	679	685	716	661	665	679	668
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	458	505	561	628	679	685	716	661	665	679	668
Common Stock	226	233	236	240	249	253	257	269	276	280	292
Retained Earnings	453	527	580	638	694	750	808	854	913	977	1,019
Treasury Stock	-264	-289	-295	-295	-302	-356	-377	-491	-549	-602	-666
Accumulated Other Comprehensive Income / (Loss)	42	34	40	45	38	38	28	30	26	23	22

This table displays calculated financial ratios and metrics derived from Installed Building Products' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	27.93%	30.22%	31.28%	17.96%	13.11%	9.37%	19.08%	35.61%	4.08%	5.86%	1.00%
EBITDA Growth	69.03%	46.01%	28.66%	17.41%	31.71%	24.80%	16.71%	58.69%	7.15%	4.36%	3.02%
EBIT Growth	77.33%	44.05%	12.04%	25.74%	30.24%	33.77%	16.62%	83.17%	7.31%	3.57%	1.41%
NOPAT Growth	79.51%	49.81%	28.52%	29.17%	26.14%	34.55%	19.64%	77.22%	6.14%	4.93%	1.38%
Net Income Growth	90.33%	44.95%	7.04%	33.08%	24.50%	42.66%	22.17%	88.05%	9.09%	5.29%	3.43%
EPS Growth	525.00%	44.71%	5.69%	34.62%	30.29%	43.42%	22.63%	93.02%	11.24%	5.69%	6.70%
Operating Cash Flow Growth	76.24%	112.08%	-6.13%	40.51%	27.36%	46.90%	-23.50%	100.94%	22.42%	-0.06%	9.24%
Free Cash Flow Firm Growth	-845.92%	86.05%	-850.28%	102.51%	315.39%	442.77%	-296.26%	155.89%	244.99%	-27.35%	45.74%
Invested Capital Growth	86.39%	21.83%	56.00%	14.19%	14.11%	8.64%	40.44%	19.14%	1.73%	8.81%	1.76%
Revenue Q/Q Growth	7.50%	5.18%	6.18%	4.15%	3.29%	2.49%	4.92%	6.07%	1.25%	1.01%	-0.09%
EBITDA Q/Q Growth	17.16%	5.25%	2.24%	7.02%	7.83%	5.08%	2.89%	13.65%	-0.40%	0.80%	2.79%
EBIT Q/Q Growth	18.11%	4.55%	-3.39%	12.35%	7.28%	6.59%	2.11%	18.55%	-1.25%	0.13%	3.10%
NOPAT Q/Q Growth	14.12%	7.12%	9.03%	5.83%	5.20%	7.45%	2.49%	18.06%	-2.12%	1.30%	2.87%
Net Income Q/Q Growth	18.99%	4.90%	-0.70%	11.58%	4.15%	9.76%	1.34%	21.34%	-1.57%	0.83%	3.79%
EPS Q/Q Growth	0.00%	4.24%	-0.76%	12.18%	5.07%	9.73%	1.52%	22.27%	-1.26%	1.11%	4.52%
Operating Cash Flow Q/Q Growth	1.55%	22.08%	-4.52%	14.66%	-8.36%	12.69%	-9.83%	26.04%	3.17%	-4.20%	-2.60%
Free Cash Flow Firm Q/Q Growth	-11.32%	50.69%	6.10%	-34.41%	-77.09%	60.03%	-370.95%	166.94%	7.17%	-27.75%	9.73%
Invested Capital Q/Q Growth	12.49%	6.29%	3.25%	3.90%	11.85%	7.88%	19.54%	1.17%	-0.82%	5.38%	3.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.41%	29.25%	28.60%	27.80%	28.77%	30.85%	29.94%	31.01%	33.50%	33.81%	33.97%
EBITDA Margin	10.44%	11.70%	11.47%	11.42%	13.29%	15.17%	14.87%	17.40%	17.91%	17.66%	18.01%
Operating Margin	6.78%	7.65%	6.56%	6.98%	8.02%	9.79%	9.54%	12.94%	13.28%	13.00%	13.01%
EBIT Margin	6.89%	7.62%	6.51%	6.94%	7.99%	9.77%	9.56%	12.92%	13.32%	13.03%	13.08%
Profit (Net Income) Margin	4.00%	4.45%	3.63%	4.10%	4.51%	5.88%	6.03%	8.37%	8.77%	8.72%	8.93%
Tax Burden Percent	63.24%	64.48%	73.70%	75.84%	73.60%	74.13%	76.40%	73.66%	73.16%	74.08%	74.34%
Interest Burden Percent	91.81%	90.61%	75.73%	77.89%	76.72%	81.24%	82.58%	87.94%	90.00%	90.37%	91.84%
Effective Tax Rate	36.76%	35.52%	26.30%	24.16%	26.40%	25.87%	23.60%	26.34%	26.84%	25.92%	25.66%
Return on Invested Capital (ROIC)	14.72%	15.28%	13.96%	13.82%	15.27%	18.48%	17.66%	24.45%	23.66%	23.58%	22.73%
ROIC Less NNEP Spread (ROIC-NNEP)	12.60%	12.40%	7.48%	8.76%	9.56%	12.24%	12.09%	19.15%	18.95%	18.37%	18.80%
Return on Net Nonoperating Assets (RNNOA)	10.98%	13.36%	8.61%	14.04%	16.25%	15.69%	14.62%	24.63%	18.22%	13.73%	14.77%
Return on Equity (ROE)	25.70%	28.63%	22.57%	27.86%	31.52%	34.17%	32.28%	49.08%	41.88%	37.31%	37.51%
Cash Return on Invested Capital (CROIC)	-45.61%	-4.41%	-29.78%	0.57%	2.09%	10.19%	-15.98%	6.98%	21.94%	15.14%	20.99%
Operating Return on Assets (OROA)	15.03%	15.74%	12.28%	11.78%	12.48%	14.12%	13.26%	20.10%	19.69%	18.97%	18.83%
Return on Assets (ROA)	8.73%	9.20%	6.85%	6.96%	7.05%	8.50%	8.36%	13.02%	12.96%	12.70%	12.86%
Return on Common Equity (ROCE)	25.70%	28.63%	22.57%	27.86%	31.52%	34.17%	32.28%	49.08%	41.88%	37.31%	37.51%
Return on Equity Simple (ROE_SIMPLE)	23.16%	24.96%	19.54%	30.00%	27.26%	30.47%	28.50%	45.27%	36.36%	36.38%	0.00%
Net Operating Profit after Tax (NOPAT)	28	43	55	71	89	120	144	254	270	283	287
NOPAT Margin	4.29%	4.94%	4.83%	5.29%	5.90%	7.26%	7.29%	9.53%	9.72%	9.63%	9.67%
Net Nonoperating Expense Percent (NNEP)	2.13%	2.87%	6.48%	5.06%	5.72%	6.24%	5.56%	5.30%	4.71%	5.20%	3.93%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	18.69%	17.56%	17.93%	17.99%
Cost of Revenue to Revenue	71.59%	70.75%	71.40%	72.20%	71.24%	69.15%	70.06%	68.99%	66.50%	66.19%	66.03%
SG&A Expenses to Revenue	20.68%	20.29%	19.68%	18.93%	19.13%	19.34%	18.57%	17.03%	18.61%	19.20%	19.58%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.63%	21.60%	22.05%	20.83%	20.75%	21.06%	20.40%	18.07%	20.21%	20.81%	20.97%
Earnings before Interest and Taxes (EBIT)	46	66	74	93	121	161	188	345	370	383	389
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	69	101	130	153	201	251	293	465	498	519	535
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.40	7.95	10.81	5.42	7.78	8.95	9.46	4.81	7.65	6.99	9.91
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,830.91	2,241.74	0.00
Price to Revenue (P/Rev)	1.11	1.42	2.01	0.74	1.29	1.73	2.00	0.89	1.85	1.68	2.37
Price to Earnings (P/E)	27.63	31.83	54.67	18.43	31.65	29.39	30.98	8.98	21.65	19.12	27.87
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.90%	1.52%	0.73%	1.51%	1.23%
Earnings Yield	3.62%	3.14%	1.83%	5.43%	3.16%	3.40%	3.23%	11.14%	4.62%	5.23%	3.59%
Enterprise Value to Invested Capital (EV/IC)	3.46	4.49	5.33	2.48	3.72	4.75	4.71	2.66	4.87	4.37	5.96
Enterprise Value to Revenue (EV/Rev)	1.31	1.59	2.25	1.01	1.53	1.94	2.27	1.13	2.02	1.86	2.56
Enterprise Value to EBITDA (EV/EBITDA)	12.57	13.62	19.58	8.87	11.53	12.82	15.29	6.48	11.27	10.55	14.20
Enterprise Value to EBIT (EV/EBIT)	19.04	20.91	34.51	14.59	19.20	19.91	23.77	8.73	15.15	14.29	19.55
Enterprise Value to NOPAT (EV/NOPAT)	30.59	32.30	46.48	19.13	25.99	26.79	31.18	11.83	20.77	19.34	26.46
Enterprise Value to Operating Cash Flow (EV/OCF)	25.17	18.78	36.99	14.00	18.83	17.78	32.37	10.83	16.48	16.11	20.47
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	460.78	190.03	48.57	0.00	41.47	22.39	30.11	28.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.26	1.08	1.71	2.54	2.35	1.84	2.08	1.76	1.29	1.24	1.25
Long-Term Debt to Equity	1.09	0.93	1.60	2.39	2.19	1.71	2.00	1.70	1.25	1.19	1.20
Financial Leverage	0.87	1.08	1.15	1.60	1.70	1.28	1.21	1.29	0.96	0.75	0.79
Leverage Ratio	2.95	3.11	3.29	4.00	4.47	4.02	3.86	3.77	3.23	2.94	2.92
Compound Leverage Factor	2.70	2.82	2.49	3.12	3.43	3.26	3.19	3.32	2.91	2.66	2.68
Debt to Total Capital	55.65%	51.99%	63.08%	71.75%	70.17%	64.84%	67.51%	63.74%	56.41%	55.36%	55.53%
Short-Term Debt to Total Capital	7.14%	7.52%	3.91%	4.25%	4.73%	4.87%	2.40%	2.28%	2.09%	2.05%	2.29%
Long-Term Debt to Total Capital	48.51%	44.47%	59.17%	67.50%	65.45%	59.97%	65.11%	61.47%	54.31%	53.31%	53.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	44.35%	48.01%	36.92%	28.25%	29.83%	35.16%	32.49%	36.26%	43.59%	44.64%	44.47%
Debt to EBITDA	2.08	1.65	2.77	3.04	2.93	2.35	2.96	1.87	1.74	1.68	1.66
Net Debt to EBITDA	1.98	1.51	2.06	2.38	1.85	1.42	1.82	1.37	0.97	1.05	1.06
Long-Term Debt to EBITDA	1.81	1.41	2.60	2.86	2.73	2.17	2.85	1.80	1.68	1.62	1.59
Debt to NOPAT	5.05	3.91	6.57	6.56	6.60	4.91	6.03	3.41	3.21	3.09	3.09
Net Debt to NOPAT	4.81	3.57	4.88	5.13	4.18	2.98	3.71	2.51	1.78	1.93	1.97
Long-Term Debt to NOPAT	4.41	3.35	6.16	6.17	6.15	4.54	5.82	3.29	3.09	2.97	2.96
Altman Z-Score	3.93	4.90	4.86	3.39	3.73	4.52	4.18	4.03	5.29	5.22	6.28
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.54	1.48	2.22	2.27	2.72	2.64	2.79	2.70	3.09	2.94	3.03
Quick Ratio	1.13	1.10	1.71	1.73	2.15	2.11	2.10	1.91	2.34	2.12	2.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-88	-12	-117	2.94	12	66	-130	73	250	182	265
Operating Cash Flow to CapEx	129.53%	278.35%	223.95%	290.42%	249.09%	557.99%	403.21%	637.39%	577.59%	396.73%	546.98%
Free Cash Flow to Firm to Interest Expense	-23.56	-1.99	-6.72	0.14	0.43	2.19	-3.96	1.75	6.77	4.93	8.36
Operating Cash Flow to Interest Expense	9.24	11.86	3.96	4.71	4.38	5.97	4.22	6.68	9.19	9.21	11.72
Operating Cash Flow Less CapEx to Interest Expense	2.11	7.60	2.19	3.09	2.62	4.90	3.17	5.63	7.60	6.89	9.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.18	2.07	1.89	1.70	1.56	1.45	1.39	1.56	1.48	1.46	1.44
Accounts Receivable Turnover	7.55	7.45	7.33	6.77	6.59	6.47	6.80	7.52	6.77	6.86	6.77
Inventory Turnover	17.80	17.55	18.26	17.62	15.86	15.06	12.53	11.53	10.89	10.89	9.87
Fixed Asset Turnover	13.67	13.77	15.22	15.61	15.38	0.00	0.00	0.00	0.00	18.85	16.59
Accounts Payable Turnover	9.74	10.28	10.41	10.47	11.00	11.41	11.78	13.07	12.01	12.76	14.77
Days Sales Outstanding (DSO)	48.32	48.99	49.81	53.92	55.37	56.42	53.70	48.53	53.89	53.19	53.94
Days Inventory Outstanding (DIO)	20.51	20.79	19.98	20.71	23.01	24.23	29.14	31.67	33.52	33.50	36.99
Days Payable Outstanding (DPO)	37.49	35.51	35.05	34.87	33.19	31.98	30.99	27.93	30.40	28.61	24.71
Cash Conversion Cycle (CCC)	31.34	34.28	34.74	39.76	45.19	48.67	51.86	52.27	57.01	58.08	66.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	251	306	478	545	622	676	950	1,132	1,151	1,253	1,275
Invested Capital Turnover	3.43	3.10	2.89	2.61	2.59	2.55	2.42	2.57	2.43	2.45	2.35
Increase / (Decrease) in Invested Capital	116	55	171	68	77	54	273	182	20	101	22
Enterprise Value (EV)	870	1,376	2,544	1,353	2,317	3,215	4,476	3,011	5,607	5,479	7,601
Market Capitalization	733	1,223	2,277	990	1,945	2,858	3,944	2,373	5,127	4,932	7,036
Book Value per Share	$3.65	$4.89	$6.61	$5.84	$8.33	$10.71	$14.03	$17.25	$23.59	$25.06	$26.17
Tangible Book Value per Share	($1.38)	($1.25)	($2.60)	($4.49)	($3.30)	($2.32)	($5.73)	($5.72)	$0.10	$0.08	($0.07)
Total Capital	258	321	570	646	838	908	1,283	1,361	1,538	1,580	1,597
Total Debt	144	167	360	463	588	589	866	868	867	875	887
Total Long-Term Debt	125	143	337	436	549	544	835	837	835	842	850
Net Debt	137	152	267	363	372	357	533	638	481	547	565
Capital Expenditures (CapEx)	27	26	31	33	49	32	34	44	59	86	68
Debt-free, Cash-free Net Working Capital (DFCFNWC)	64	72	125	157	192	200	249	358	369	401	413
Debt-free Net Working Capital (DFNWC)	71	86	217	257	407	432	583	587	756	728	735
Net Working Capital (NWC)	53	62	195	230	368	387	552	556	724	696	698
Net Nonoperating Expense (NNE)	1.91	4.15	14	16	21	23	25	31	26	27	22
Net Nonoperating Obligations (NNO)	137	152	267	363	372	357	533	638	481	547	565
Total Depreciation and Amortization (D&A)	24	35	56	60	80	89	104	120	128	136	146
Debt-free, Cash-free Net Working Capital to Revenue	9.72%	8.33%	11.02%	11.73%	12.67%	12.11%	12.65%	13.40%	13.29%	13.62%	13.91%
Debt-free Net Working Capital to Revenue	10.75%	10.01%	19.19%	19.25%	26.95%	26.11%	29.59%	22.00%	27.20%	24.76%	24.74%
Net Working Capital to Revenue	7.97%	7.22%	17.22%	17.20%	24.33%	23.44%	28.03%	20.84%	26.04%	23.66%	23.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.85	$1.23	$1.30	$1.76	$2.29	$3.30	$4.04	$7.78	$8.65	$9.16	$9.76
Adjusted Weighted Average Basic Shares Outstanding	31.30M	31.30M	31.64M	31.11M	29.75M	29.50M	29.37M	28.71M	28.16M	28.03M	27.20M
Adjusted Diluted Earnings per Share	$0.85	$1.23	$1.30	$1.75	$2.28	$3.27	$4.01	$7.74	$8.61	$9.10	$9.71
Adjusted Weighted Average Diluted Shares Outstanding	31.33M	31.36M	31.76M	31.23M	29.87M	29.72M	29.63M	28.87M	28.31M	28.19M	27.33M
Adjusted Basic & Diluted Earnings per Share	$0.85	$1.23	$1.30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	31.36M	31.77M	31.86M	29.92M	30.02M	29.62M	33.27M	28.31M	28.37M	27.76M	26.98M
Normalized Net Operating Profit after Tax (NOPAT)	28	43	55	71	89	120	143	243	270	287	287
Normalized NOPAT Margin	4.29%	4.94%	4.83%	5.29%	5.90%	7.25%	7.25%	9.09%	9.72%	9.76%	9.67%
Pre Tax Income Margin	6.33%	6.91%	4.93%	5.40%	6.13%	7.93%	7.90%	11.36%	11.99%	11.78%	12.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	12.22	10.65	4.24	4.52	4.30	5.33	5.74	8.29	10.00	10.39	12.26
NOPAT to Interest Expense	7.61	6.89	3.15	3.45	3.17	3.96	4.38	6.12	7.30	7.68	9.06
EBIT Less CapEx to Interest Expense	5.08	6.39	2.47	2.90	2.54	4.26	4.70	7.24	8.41	8.07	10.12
NOPAT Less CapEx to Interest Expense	0.47	2.63	1.38	1.83	1.42	2.89	3.33	5.07	5.71	5.36	6.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	11.88%	7.95%	10.85%	7.22%	9.88%	6.46%	37.21%	33.03%	27.82%	33.87%	34.06%
Augmented Payout Ratio	34.89%	7.95%	10.85%	170.45%	9.88%	41.35%	37.21%	96.64%	33.11%	93.61%	102.52%

This table displays calculated financial ratios and metrics derived from Installed Building Products' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	26,975,173.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	26,975,173.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.30
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.75%	4.99%	5.10%	6.57%	7.66%	4.09%	-1.17%	3.08%	2.31%	-0.36%	-3.55%
EBITDA Growth	-2.11%	-1.53%	11.03%	3.54%	0.89%	3.15%	-12.91%	6.99%	5.75%	10.80%	-9.13%
EBIT Growth	9.36%	-4.55%	14.53%	2.59%	-0.88%	0.51%	-21.18%	7.17%	5.51%	11.88%	-17.53%
NOPAT Growth	8.72%	-7.63%	14.34%	3.70%	-1.27%	5.13%	-19.62%	4.66%	7.05%	10.85%	-17.68%
Net Income Growth	11.52%	-5.67%	13.39%	5.84%	0.88%	3.24%	-18.78%	5.83%	8.45%	14.50%	-23.35%
EPS Growth	12.68%	-4.58%	13.22%	5.50%	1.67%	4.37%	-16.75%	9.57%	12.30%	17.57%	-21.34%
Operating Cash Flow Growth	13.30%	13.21%	14.91%	22.86%	-9.79%	-16.61%	8.61%	14.43%	22.29%	-13.24%	11.07%
Free Cash Flow Firm Growth	112.85%	147.70%	-220.48%	867.72%	40.69%	-154.81%	91.70%	-69.73%	-9.71%	315.26%	134.13%
Invested Capital Growth	3.77%	1.73%	50.99%	-1.41%	2.40%	8.81%	6.70%	4.03%	3.16%	1.76%	2.60%
Revenue Q/Q Growth	2.08%	2.01%	-3.86%	6.45%	3.12%	-1.37%	-8.72%	11.03%	2.35%	-3.95%	-11.64%
EBITDA Q/Q Growth	8.21%	-3.27%	-7.10%	6.54%	5.44%	-1.11%	-21.61%	30.89%	4.21%	3.62%	-35.71%
EBIT Q/Q Growth	10.81%	-4.39%	-9.89%	7.47%	7.06%	-3.05%	-29.34%	46.12%	5.41%	2.80%	-47.91%
NOPAT Q/Q Growth	9.03%	-6.46%	-8.27%	10.85%	3.81%	-0.40%	-29.87%	44.34%	6.17%	3.14%	-47.91%
Net Income Q/Q Growth	10.39%	-4.71%	-13.75%	16.64%	5.21%	-2.48%	-32.14%	51.98%	7.83%	2.96%	-54.57%
EPS Q/Q Growth	10.09%	-4.58%	-13.97%	16.75%	6.09%	-2.05%	-31.38%	53.66%	8.73%	2.55%	-54.09%
Operating Cash Flow Q/Q Growth	74.81%	-20.20%	-5.42%	-6.84%	28.35%	-26.23%	23.13%	-1.85%	37.17%	-47.66%	57.63%
Free Cash Flow Firm Q/Q Growth	385.00%	54.17%	-868.37%	126.16%	-47.77%	-160.07%	-1.14%	195.39%	55.80%	43.21%	-83.96%
Invested Capital Q/Q Growth	-3.64%	-0.82%	2.76%	-0.18%	0.08%	5.38%	1.34%	-2.67%	-0.75%	3.96%	2.17%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.27%	34.09%	33.84%	34.08%	33.76%	33.56%	32.67%	34.18%	33.95%	34.98%	32.14%
EBITDA Margin	19.04%	18.05%	17.43%	17.45%	17.84%	17.89%	15.36%	18.11%	18.44%	19.89%	14.47%
Operating Margin	14.48%	13.54%	12.69%	12.85%	13.32%	13.13%	10.19%	13.28%	13.72%	14.56%	8.72%
EBIT Margin	14.51%	13.60%	12.74%	12.87%	13.36%	13.13%	10.16%	13.38%	13.78%	14.74%	8.69%
Profit (Net Income) Margin	9.62%	8.99%	8.07%	8.84%	9.02%	8.92%	6.63%	9.08%	9.56%	10.25%	5.27%
Tax Burden Percent	73.28%	71.84%	73.17%	75.20%	73.06%	74.83%	74.06%	73.88%	74.18%	75.10%	73.89%
Interest Burden Percent	90.54%	92.04%	86.52%	91.36%	92.42%	90.76%	88.07%	91.84%	93.56%	92.56%	82.06%
Effective Tax Rate	26.72%	28.16%	26.83%	24.80%	26.94%	25.17%	25.94%	26.12%	25.82%	24.90%	26.11%
Return on Invested Capital (ROIC)	25.55%	23.69%	26.40%	23.09%	24.12%	24.05%	18.01%	23.95%	25.07%	25.70%	14.77%
ROIC Less NNEP Spread (ROIC-NNEP)	24.39%	22.74%	24.28%	22.03%	23.05%	22.72%	16.88%	22.90%	24.13%	24.78%	13.52%
Return on Net Nonoperating Assets (RNNOA)	26.80%	21.86%	16.26%	20.26%	17.22%	16.98%	14.10%	18.20%	17.63%	19.47%	12.65%
Return on Equity (ROE)	52.36%	45.54%	42.66%	43.36%	41.34%	41.03%	32.11%	42.15%	42.71%	45.17%	27.42%
Cash Return on Invested Capital (CROIC)	20.51%	21.94%	-12.51%	24.89%	21.44%	15.14%	15.53%	18.66%	20.01%	20.99%	19.07%
Operating Return on Assets (OROA)	21.61%	20.10%	22.60%	19.04%	19.48%	19.11%	14.90%	19.55%	19.87%	21.22%	12.11%
Return on Assets (ROA)	14.34%	13.29%	14.31%	13.08%	13.15%	12.98%	9.72%	13.26%	13.79%	14.75%	7.34%
Return on Common Equity (ROCE)	52.36%	45.54%	42.66%	43.36%	41.34%	41.03%	32.11%	42.15%	42.71%	45.17%	27.42%
Return on Equity Simple (ROE_SIMPLE)	39.41%	0.00%	36.85%	37.05%	35.52%	0.00%	37.24%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	75	70	64	71	74	74	52	75	79	82	43
NOPAT Margin	10.61%	9.73%	9.28%	9.67%	9.73%	9.83%	7.55%	9.81%	10.18%	10.93%	6.44%
Net Nonoperating Expense Percent (NNEP)	1.17%	0.95%	2.12%	1.06%	1.08%	1.32%	1.13%	1.05%	0.95%	0.92%	1.25%
Return On Investment Capital (ROIC_SIMPLE)	-	4.56%	-	-	-	4.66%	3.30%	4.84%	5.08%	5.12%	2.40%
Cost of Revenue to Revenue	65.73%	65.91%	66.16%	65.92%	66.24%	66.44%	67.33%	65.82%	66.05%	65.02%	67.86%
SG&A Expenses to Revenue	18.23%	19.05%	19.61%	19.14%	19.06%	18.99%	21.00%	19.57%	18.93%	18.98%	21.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.79%	20.55%	21.16%	21.23%	20.44%	20.43%	22.47%	20.90%	20.23%	20.43%	23.42%
Earnings before Interest and Taxes (EBIT)	103	98	88	95	102	99	70	102	107	110	57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	135	130	121	129	136	134	105	138	144	149	96
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.57	7.65	10.80	8.54	9.71	6.99	7.20	7.49	9.93	9.91	10.72
Price to Tangible Book Value (P/TBV)	0.00	1,830.91	401.02	258.88	152.82	2,241.74	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.28	1.85	2.61	2.05	2.39	1.68	1.62	1.68	2.27	2.37	2.43
Price to Earnings (P/E)	12.57	21.65	28.85	23.16	29.33	19.12	20.05	21.00	26.82	27.87	28.90
Dividend Yield	1.06%	0.73%	1.00%	1.27%	1.07%	1.51%	1.82%	1.74%	1.28%	1.23%	1.24%
Earnings Yield	7.96%	4.62%	3.47%	4.32%	3.41%	5.23%	4.99%	4.76%	3.73%	3.59%	3.46%
Enterprise Value to Invested Capital (EV/IC)	3.48	4.87	6.60	5.35	6.25	4.37	4.23	4.49	5.94	5.96	5.98
Enterprise Value to Revenue (EV/Rev)	1.47	2.02	2.79	2.22	2.55	1.86	1.83	1.88	2.45	2.56	2.64
Enterprise Value to EBITDA (EV/EBITDA)	8.07	11.27	15.40	12.36	14.41	10.55	10.65	10.82	14.00	14.20	14.82
Enterprise Value to EBIT (EV/EBIT)	10.76	15.15	20.59	16.56	19.40	14.29	14.72	14.94	19.33	19.55	20.68
Enterprise Value to NOPAT (EV/NOPAT)	14.62	20.77	28.22	22.63	26.55	19.34	19.83	20.26	26.10	26.46	28.00
Enterprise Value to Operating Cash Flow (EV/OCF)	12.23	16.48	22.35	17.36	20.92	16.11	15.46	15.47	19.11	20.47	20.41
Enterprise Value to Free Cash Flow (EV/FCFF)	17.26	22.39	0.00	21.34	29.49	30.11	28.11	24.55	30.16	28.67	31.77
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.39	1.29	1.34	1.29	1.23	1.24	1.37	1.32	1.30	1.25	1.66
Long-Term Debt to Equity	1.34	1.25	1.25	1.24	1.18	1.19	1.27	1.27	1.25	1.20	1.55
Financial Leverage	1.10	0.96	0.67	0.92	0.75	0.75	0.83	0.80	0.73	0.79	0.94
Leverage Ratio	3.39	3.23	2.68	3.10	2.97	2.94	2.99	3.00	2.96	2.92	3.18
Compound Leverage Factor	3.07	2.97	2.32	2.83	2.74	2.67	2.63	2.75	2.77	2.70	2.61
Debt to Total Capital	58.13%	56.41%	57.27%	56.29%	55.08%	55.36%	57.85%	56.87%	56.48%	55.53%	62.43%
Short-Term Debt to Total Capital	2.12%	2.09%	3.77%	2.03%	1.98%	2.05%	4.29%	2.16%	2.23%	2.29%	4.15%
Long-Term Debt to Total Capital	56.01%	54.31%	53.49%	54.26%	53.10%	53.31%	53.56%	54.71%	54.25%	53.24%	58.28%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	41.87%	43.59%	42.73%	43.71%	44.92%	44.64%	42.15%	43.13%	43.52%	44.47%	37.57%
Debt to EBITDA	1.75	1.74	1.79	1.72	1.70	1.68	1.80	1.71	1.69	1.66	2.11
Net Debt to EBITDA	1.07	0.97	1.00	0.98	0.92	1.05	1.21	1.11	1.05	1.06	1.21
Long-Term Debt to EBITDA	1.68	1.68	1.67	1.65	1.64	1.62	1.67	1.64	1.63	1.59	1.97
Debt to NOPAT	3.16	3.21	3.27	3.14	3.14	3.09	3.35	3.20	3.15	3.09	3.99
Net Debt to NOPAT	1.93	1.78	1.84	1.79	1.69	1.93	2.25	2.08	1.96	1.97	2.28
Long-Term Debt to NOPAT	3.05	3.09	3.06	3.03	3.03	2.97	3.10	3.08	3.03	2.96	3.72
Altman Z-Score	4.12	4.84	5.80	5.14	5.62	4.76	4.70	4.86	5.62	5.83	5.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.08	3.09	3.18	3.08	2.99	2.94	2.89	2.85	2.78	3.03	3.35
Quick Ratio	2.36	2.34	2.43	2.33	2.28	2.12	2.08	2.11	2.10	2.23	2.57
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	33	51	-337	88	46	-28	-28	27	42	60	9.56
Operating Cash Flow to CapEx	624.44%	636.17%	401.90%	401.02%	431.49%	349.53%	465.15%	610.81%	670.27%	438.51%	635.40%
Free Cash Flow to Firm to Interest Expense	3.38	6.48	-28.36	10.76	5.99	-3.04	-3.37	3.22	6.03	7.27	0.93
Operating Cash Flow to Interest Expense	11.59	11.50	7.13	9.63	13.17	8.22	11.10	10.89	17.97	7.91	9.93
Operating Cash Flow Less CapEx to Interest Expense	9.73	9.69	5.35	7.23	10.12	5.87	8.71	9.11	15.29	6.11	8.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.49	1.48	1.77	1.48	1.46	1.46	1.47	1.46	1.44	1.44	1.39
Accounts Receivable Turnover	6.51	6.77	6.83	6.68	6.63	6.86	6.94	6.66	6.61	6.77	6.97
Inventory Turnover	10.78	10.89	10.89	11.12	11.25	10.89	10.55	10.68	10.67	9.87	9.64
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	18.85	0.00	0.00	0.00	16.59	16.04
Accounts Payable Turnover	12.29	12.01	12.74	12.75	12.29	12.76	13.04	12.77	12.85	14.77	14.59
Days Sales Outstanding (DSO)	56.04	53.89	53.41	54.68	55.04	53.19	52.57	54.78	55.20	53.94	52.39
Days Inventory Outstanding (DIO)	33.87	33.52	33.53	32.84	32.45	33.50	34.59	34.16	34.21	36.99	37.85
Days Payable Outstanding (DPO)	29.69	30.40	28.65	28.63	29.69	28.61	28.00	28.59	28.41	24.71	25.03
Cash Conversion Cycle (CCC)	60.22	57.01	58.29	58.89	57.79	58.08	59.16	60.35	60.99	66.22	65.21
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,161	1,151	1,190	1,188	1,189	1,253	1,269	1,235	1,226	1,275	1,302
Invested Capital Turnover	2.41	2.43	2.84	2.39	2.48	2.45	2.39	2.44	2.46	2.35	2.29
Increase / (Decrease) in Invested Capital	42	20	402	-17	28	101	80	48	38	22	33
Enterprise Value (EV)	4,034	5,607	7,849	6,353	7,425	5,479	5,368	5,551	7,288	7,601	7,787
Market Capitalization	3,501	5,127	7,339	5,851	6,953	4,932	4,759	4,980	6,740	7,036	7,152
Book Value per Share	$22.11	$23.59	$24.11	$24.09	$25.37	$25.06	$23.81	$24.06	$24.83	$26.17	$24.75
Tangible Book Value per Share	($1.35)	$0.10	$0.65	$0.79	$1.61	$0.08	($1.50)	($1.16)	($0.95)	($0.07)	($2.22)
Total Capital	1,500	1,538	1,590	1,568	1,595	1,580	1,568	1,541	1,559	1,597	1,777
Total Debt	872	867	910	883	878	875	907	876	881	887	1,109
Total Long-Term Debt	840	835	850	851	847	842	840	843	846	850	1,035
Net Debt	532	481	510	502	472	547	608	571	548	565	635
Capital Expenditures (CapEx)	18	14	21	20	24	21	20	15	19	15	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	367	369	400	386	373	401	419	389	365	413	420
Debt-free Net Working Capital (DFNWC)	707	756	800	767	780	728	717	694	698	735	894
Net Working Capital (NWC)	675	724	740	735	748	696	650	661	663	698	820
Net Nonoperating Expense (NNE)	6.96	5.32	8.41	6.09	5.41	6.81	6.30	5.61	4.82	5.11	7.76
Net Nonoperating Obligations (NNO)	532	481	510	502	472	547	608	571	548	565	635
Total Depreciation and Amortization (D&A)	32	32	33	34	34	36	36	36	36	39	38
Debt-free, Cash-free Net Working Capital to Revenue	13.38%	13.29%	14.21%	13.52%	12.82%	13.62%	14.27%	13.16%	12.26%	13.91%	14.24%
Debt-free Net Working Capital to Revenue	25.76%	27.20%	28.43%	26.83%	26.77%	24.76%	24.45%	23.48%	23.47%	24.74%	30.34%
Net Working Capital to Revenue	24.60%	26.04%	26.30%	25.71%	25.69%	23.66%	22.16%	22.36%	22.30%	23.51%	27.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.41	$2.29	$1.98	$2.32	$2.45	$2.41	$1.65	$2.53	$2.75	$2.83	$1.30
Adjusted Weighted Average Basic Shares Outstanding	28.20M	28.16M	28.17M	28.17M	27.99M	28.03M	27.52M	27.32M	27.07M	27.20M	26.80M
Adjusted Diluted Earnings per Share	$2.40	$2.29	$1.97	$2.30	$2.44	$2.39	$1.64	$2.52	$2.74	$2.81	$1.29
Adjusted Weighted Average Diluted Shares Outstanding	28.32M	28.31M	28.39M	28.32M	28.12M	28.19M	27.70M	27.40M	27.17M	27.33M	26.97M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	28.41M	28.37M	28.45M	28.23M	28.14M	27.76M	27.62M	27.33M	27.13M	26.98M	26.94M
Normalized Net Operating Profit after Tax (NOPAT)	75	70	64	75	74	74	52	75	79	82	43
Normalized NOPAT Margin	10.61%	9.73%	9.28%	10.16%	9.73%	9.83%	7.55%	9.81%	10.18%	10.93%	6.44%
Pre Tax Income Margin	13.14%	12.52%	11.03%	11.75%	12.35%	11.92%	8.95%	12.28%	12.89%	13.65%	7.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.57	12.56	7.42	11.57	13.19	10.82	8.39	12.25	15.54	13.44	5.57
NOPAT to Interest Expense	7.73	8.99	5.40	8.69	9.61	8.10	6.23	8.99	11.48	9.96	4.13
EBIT Less CapEx to Interest Expense	8.71	10.76	5.65	9.17	10.14	8.47	6.00	10.47	12.86	11.63	4.01
NOPAT Less CapEx to Interest Expense	5.87	7.18	3.63	6.29	6.56	5.75	3.84	7.21	8.80	8.16	2.57
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.08%	27.82%	34.76%	34.38%	34.50%	33.87%	36.04%	35.97%	35.08%	34.06%	36.34%
Augmented Payout Ratio	37.88%	33.11%	37.36%	55.73%	63.93%	93.61%	112.19%	112.57%	122.25%	102.52%	104.20%

Financials Breakdown Chart

Key Financial Trends

Installed Building Products (IBP) has shown solid top-line results and ongoing cash generation across the latest four years of quarterly reporting. Below are the key takeaways drawn from IBP’s quarterly income statements, cash flow statements, and balance sheets for 2022–2025. Items are ordered with positives first, then neutral, then negatives.

Strong quarterly revenue in late 2025: Q4 2025 operating revenue was $747.5 million, placing IBP in a high, consistent revenue range versus prior quarters and years.
Net income from continuing operations improving in 2025: IBP delivered $76.6 million of net income from continuing operations in Q4 2025, up from earlier 2025 quarters.
Robust earnings per share in Q4 2025: Diluted EPS reached $2.81 (Basic $2.83) in Q4 2025, signaling solid profitability per share.
Healthy operating profitability: Q4 2025 showed operating income of $108.8 million, illustrating a stable, mid-teens percent operating margin on roughly $747.5 million in revenue.
Consistent operating cash flow across 2025 quarters: Operating cash flow remained positive, with Q3 2025 at about $124.0 million and Q4 2025 at about $64.9 million, reflecting ongoing cash generation.
Dividend per share maintained: Cash dividends per share remained at $0.37, indicating a steady capital-return policy.
Solid but leveraged balance sheet: Total assets around $2.05 billion as of 9/30/2025 and total equity near $0.68 billion, suggesting solid capitalization but with meaningful debt levels typical for the sector.
Working-capital timing effect on cash flow: Q4 2025 included a notable negative change in operating assets & liabilities (about −$53.6 million), which affected cash flow in the quarter but is largely a timing issue rather than a fundamental weakness.
Q4 2025 revenue dipped versus Q3 2025: Revenue declined from $778.2 million in Q3 2025 to $747.5 million in Q4 2025, highlighting quarterly volatility.
Near-term cash-outflows in Q4 2025: Net change in cash and equivalents was negative in Q4 2025 (approximately −$11.4 million), reflecting financing/working-capital activity that weighed on liquidity in the quarter.

05/25/26 12:54 AM ETAI Generated. May Contain Errors.

Installed Building Products Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Installed Building Products' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Installed Building Products' net income appears to be on an upward trend, with a most recent value of $265.40 million in 2025, rising from $26.52 million in 2015. The previous period was $256.60 million in 2024. Find out what analysts predict for Installed Building Products in the coming months.

Installed Building Products' total operating income in 2025 was $386.40 million, based on the following breakdown:

Total Gross Profit: $1.01 billion
Total Operating Expenses: $622.90 million

Over the last 10 years, Installed Building Products' total revenue changed from $662.72 million in 2015 to $2.97 billion in 2025, a change of 348.3%.

Installed Building Products' total liabilities were at $1.36 billion at the end of 2025, a 0.3% increase from 2024, and a 424.2% increase since 2015.

In the past 10 years, Installed Building Products' cash and equivalents has ranged from $6.82 million in 2015 to $386.50 million in 2023, and is currently $321.90 million as of their latest financial filing in 2025.

Over the last 10 years, Installed Building Products' book value per share changed from 3.65 in 2015 to 26.17 in 2025, a change of 617.0%.

Related Companies

Financial statements for NYSE:IBP last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Installed Building Products (IBP) Financials

Financials Breakdown Chart

Key Financial Trends

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Installed Building Products (IBP) Financials

Annual Income Statements for Installed Building Products

Quarterly Income Statements for Installed Building Products

Annual Cash Flow Statements for Installed Building Products

Quarterly Cash Flow Statements for Installed Building Products

Annual Balance Sheets for Installed Building Products

Quarterly Balance Sheets for Installed Building Products

Annual Metrics And Ratios for Installed Building Products

Quarterly Metrics And Ratios for Installed Building Products

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Installed Building Products Financials - Frequently Asked Questions

When does Installed Building Products' fiscal year end?

How has Installed Building Products' net income changed over the last 10 years?

What is Installed Building Products' operating income?

How has Installed Building Products' revenue changed over the last 10 years?

How much debt does Installed Building Products have?

How much cash does Installed Building Products have?

How has Installed Building Products' book value per share changed over the last 10 years?

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