What is Installed Building Products' operating income?

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

Installed Building Products (IBP) Financials

$201.42 -9.12 (-4.33%)

As of 01:39 PM Eastern

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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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	53	61	65	58	74	40	65	72	75	35	66
Consolidated Net Income / (Loss)	65	56	65	69	67	45	69	74	77	35	65
Net Income / (Loss) Continuing Operations	65	56	65	69	67	45	69	74	77	35	65
Total Pre-Tax Income	90	76	87	94	89	61	93	100	102	47	85
Total Operating Income	98	88	95	101	99	70	101	107	109	58	95
Total Gross Profit	246	235	251	257	252	224	260	264	262	212	259
Total Revenue	721	693	738	761	750	685	760	778	748	661	778
Operating Revenue	721	693	738	761	750	685	760	778	748	661	778
Total Cost of Revenue	475	458	486	504	498	461	500	514	486	448	519
Operating Cost of Revenue	475	458	486	504	498	461	500	514	486	448	519
Total Operating Expenses	148	147	157	156	153	154	159	157	153	155	164
Selling, General & Admin Expense	137	136	141	145	143	144	149	147	142	144	154
Amortization Expense	11	11	11	11	11	10	10	10	11	11	11
Total Other Income / (Expense), net	-7.40	-12	-8.10	-7.40	-9.10	-8.50	-7.60	-6.50	-6.80	-11	-9.50
Interest Expense	7.80	12	8.20	7.70	9.10	8.30	8.30	6.90	8.20	10	11
Other Income / (Expense), net	0.40	0.40	0.10	0.30	-	-0.20	0.70	0.40	1.40	-0.20	1.00
Income Tax Expense	25	21	22	25	23	16	24	26	25	12	20
Basic Earnings per Share	$2.29	$1.98	$2.32	$2.45	$2.41	$1.65	$2.53	$2.75	$2.83	$1.30	$2.44
Weighted Average Basic Shares Outstanding	28.16M	28.17M	28.17M	27.99M	28.03M	27.52M	27.32M	27.07M	27.20M	26.80M	26.63M
Diluted Earnings per Share	$2.29	$1.97	$2.30	$2.44	$2.39	$1.64	$2.52	$2.74	$2.81	$1.29	$2.43
Weighted Average Diluted Shares Outstanding	28.31M	28.39M	28.32M	28.12M	28.19M	27.70M	27.40M	27.17M	27.33M	26.97M	26.71M
Weighted Average Basic & Diluted Shares Outstanding	28.37M	28.45M	28.23M	28.14M	27.76M	27.62M	27.33M	27.13M	26.98M	26.94M	26.58M
Cash Dividends to Common per Share	$0.33	$1.95	$0.35	$0.35	$0.35	$2.07	$0.37	$0.37	$0.37	$2.19	$0.39

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Net Change in Cash & Equivalents	47	13	-20	26	-79	-29	6.50	28	-11	152	-80
Net Cash From Operating Activities	90	85	79	101	75	92	90	124	65	102	69
Net Cash From Continuing Operating Activities	90	85	79	101	75	92	90	124	65	102	69
Net Income / (Loss) Continuing Operations	65	56	65	69	67	45	69	74	77	35	65
Consolidated Net Income / (Loss)	65	56	65	69	67	45	69	74	77	35	65
Depreciation Expense	14	14	14	15	16	16	16	17	17	18	18
Amortization Expense	19	19	20	19	20	19	20	20	22	21	21
Non-Cash Adjustments To Reconcile Net Income	3.40	2.70	7.10	2.40	4.60	5.40	3.50	3.60	3.40	6.60	6.70
Changes in Operating Assets and Liabilities, net	-11	-6.30	-27	-3.70	-32	5.70	-18	9.70	-54	23	-42
Net Cash From Investing Activities	-26	-21	-34	-39	-65	-26	-17	-37	-32	-45	-38
Net Cash From Continuing Investing Activities	-26	-21	-34	-39	-65	-26	-17	-37	-32	-45	-38
Purchase of Property, Plant & Equipment	-15	-22	-21	-24	-22	-20	-16	-19	-16	-17	-17
Acquisitions	-15	-4.10	-19	-19	-47	-8.30	-3.00	-21	-19	-29	-19
Sale of Property, Plant & Equipment	0.60	0.70	1.10	0.60	0.50	0.40	0.80	0.70	0.80	0.50	0.30
Other Investing Activities, net	3.40	4.10	4.20	3.50	3.40	2.00	0.70	2.30	2.40	-0.40	-2.00
Net Cash From Financing Activities	-18	-50	-65	-36	-89	-95	-67	-59	-45	95	-111
Net Cash From Continuing Financing Activities	-18	-50	-65	-36	-89	-95	-67	-59	-45	95	-111
Repayment of Debt	-8.70	0.90	-9.20	-8.50	-8.50	-8.50	-8.80	-9.20	-9.70	-319	-9.30
Repurchase of Common Equity	-7.10	-0.20	-54	-21	-79	-34	-58	-52	-38	-26	-89
Payment of Dividends	-11	-55	-11	-10	-10	-57	-12	-10	-11	-59	-12
Other Financing Activities, net	-0.70	-0.80	-0.70	-0.70	-0.80	-0.70	-0.70	-0.80	-0.90	-1.10	-0.80
Cash Interest Paid	6.20	16	6.40	15	6.70	15	5.80	14	6.10	16	8.00
Cash Income Taxes Paid	28	0.80	42	20	21	0.70	36	21	24	-0.60	37

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Total Assets	1,168	1,836	1,921	2,003	2,025	2,073	1,999	2,020	2,051	2,230	2,251
Total Current Assets	863	918	1,000	1,079	1,087	1,125	995	1,017	1,035	1,170	1,156
Cash & Equivalents	-	255	340	400	380	406	299	305	333	474	395
Accounts Receivable	398	417	427	426	440	451	419	448	448	426	470
Inventories, net	170	163	160	171	176	182	198	192	188	206	224
Prepaid Expenses	76	83	73	83	92	85	78	73	66	64	68
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	176	177	185	191	196
Total Noncurrent Assets	524	918	921	924	938	948	828	825	831	869	899
Goodwill	-	393	395	400	406	415	436	437	444	461	470
Intangible Assets	290	279	271	261	257	256	267	260	260	267	268
Other Noncurrent Operating Assets	235	245	255	263	275	277	126	129	127	141	161
Total Liabilities & Shareholders' Equity	1,780	1,836	1,921	2,003	2,025	2,073	1,999	2,020	2,051	2,230	2,251
Total Liabilities	1,274	1,275	1,293	1,324	1,340	1,356	1,338	1,356	1,373	1,562	1,612
Total Current Liabilities	316	315	325	340	353	377	345	357	372	350	387
Short-Term Debt	57	61	32	60	32	32	67	33	35	74	35
Accounts Payable	135	138	144	157	158	169	142	150	138	125	152
Current Employee Benefit Liabilities	46	52	61	47	57	69	54	64	74	55	65
Other Current Liabilities	79	64	88	76	107	107	81	110	125	96	136
Total Noncurrent Liabilities	958	961	968	984	987	979	994	999	1,000	1,213	1,224
Long-Term Debt	830	831	833	843	844	841	840	843	846	1,035	1,028
Noncurrent Deferred & Payable Income Tax Liabilities	26	28	30	26	26	22	24	23	22	25	25
Other Noncurrent Operating Liabilities	95	95	98	108	111	111	130	133	132	153	172
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	505	561	628	679	685	716	661	665	679	668	640
Total Preferred & Common Equity	505	561	628	679	685	716	661	665	679	668	640
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	505	561	628	679	685	716	661	665	679	668	640
Common Stock	233	236	240	249	253	257	269	276	280	292	298
Retained Earnings	527	580	638	694	750	808	854	913	977	1,019	1,074
Treasury Stock	-289	-295	-295	-302	-356	-377	-491	-549	-602	-666	-756
Accumulated Other Comprehensive Income / (Loss)	34	40	45	38	38	28	30	26	23	22	23

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	26,975,173.00	26,940,710.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	26,975,173.00	26,940,710.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	1.30	2.45
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.99%	5.10%	6.57%	7.66%	4.09%	-1.17%	3.08%	2.31%	-0.36%	-3.55%	2.30%
EBITDA Growth	-1.53%	11.03%	3.54%	0.89%	3.15%	-12.91%	6.99%	5.75%	10.80%	-9.13%	-2.40%
EBIT Growth	-4.55%	14.53%	2.59%	-0.88%	0.51%	-21.18%	7.17%	5.51%	11.88%	-17.53%	-6.00%
NOPAT Growth	-7.63%	14.34%	3.70%	-1.27%	5.13%	-19.62%	4.66%	7.05%	10.85%	-17.68%	-3.31%
Net Income Growth	-5.67%	13.39%	5.84%	0.88%	3.24%	-18.78%	5.83%	8.45%	14.50%	-23.35%	-5.94%
EPS Growth	-4.58%	13.22%	5.50%	1.67%	4.37%	-16.75%	9.57%	12.30%	17.57%	-21.34%	-3.57%
Operating Cash Flow Growth	13.21%	14.91%	22.86%	-9.79%	-16.61%	8.61%	14.43%	22.29%	-13.24%	11.07%	-23.89%
Free Cash Flow Firm Growth	147.70%	-220.48%	867.72%	40.69%	-154.81%	91.70%	-69.73%	-9.71%	315.26%	134.13%	-98.71%
Invested Capital Growth	1.73%	50.99%	-1.41%	2.40%	8.81%	6.70%	4.03%	3.16%	1.76%	2.60%	5.81%
Revenue Q/Q Growth	2.01%	-3.86%	6.45%	3.12%	-1.37%	-8.72%	11.03%	2.35%	-3.95%	-11.64%	17.76%
EBITDA Q/Q Growth	-3.27%	-7.10%	6.54%	5.44%	-1.11%	-21.61%	30.89%	4.21%	3.62%	-35.71%	40.59%
EBIT Q/Q Growth	-4.39%	-9.89%	7.47%	7.06%	-3.05%	-29.34%	46.12%	5.41%	2.80%	-47.91%	66.55%
NOPAT Q/Q Growth	-6.46%	-8.27%	10.85%	3.81%	-0.40%	-29.87%	44.34%	6.17%	3.14%	-47.91%	69.52%
Net Income Q/Q Growth	-4.71%	-13.75%	16.64%	5.21%	-2.48%	-32.14%	51.98%	7.83%	2.96%	-54.57%	86.49%
EPS Q/Q Growth	-4.58%	-13.97%	16.75%	6.09%	-2.05%	-31.38%	53.66%	8.73%	2.55%	-54.09%	88.37%
Operating Cash Flow Q/Q Growth	-20.20%	-5.42%	-6.84%	28.35%	-26.23%	23.13%	-1.85%	37.17%	-47.66%	57.63%	-32.75%
Free Cash Flow Firm Q/Q Growth	54.17%	-868.37%	126.16%	-47.77%	-160.07%	-1.14%	195.39%	55.80%	43.21%	-83.96%	-96.39%
Invested Capital Q/Q Growth	-0.82%	2.76%	-0.18%	0.08%	5.38%	1.34%	-2.67%	-0.75%	3.96%	2.17%	0.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.09%	33.84%	34.08%	33.76%	33.56%	32.67%	34.18%	33.95%	34.98%	32.14%	33.29%
EBITDA Margin	18.05%	17.43%	17.45%	17.84%	17.89%	15.36%	18.11%	18.44%	19.89%	14.47%	17.28%
Operating Margin	13.54%	12.69%	12.85%	13.32%	13.13%	10.19%	13.28%	13.72%	14.56%	8.72%	12.16%
EBIT Margin	13.60%	12.74%	12.87%	13.36%	13.13%	10.16%	13.38%	13.78%	14.74%	8.69%	12.29%
Profit (Net Income) Margin	8.99%	8.07%	8.84%	9.02%	8.92%	6.63%	9.08%	9.56%	10.25%	5.27%	8.34%
Tax Burden Percent	71.84%	73.17%	75.20%	73.06%	74.83%	74.06%	73.88%	74.18%	75.10%	73.89%	76.26%
Interest Burden Percent	92.04%	86.52%	91.36%	92.42%	90.76%	88.07%	91.84%	93.56%	92.56%	82.06%	89.02%
Effective Tax Rate	28.16%	26.83%	24.80%	26.94%	25.17%	25.94%	26.12%	25.82%	24.90%	26.11%	23.74%
Return on Invested Capital (ROIC)	23.69%	26.40%	23.09%	24.12%	24.05%	18.01%	23.95%	25.07%	25.70%	14.77%	21.63%
ROIC Less NNEP Spread (ROIC-NNEP)	22.74%	24.28%	22.03%	23.05%	22.72%	16.88%	22.90%	24.13%	24.78%	13.52%	20.46%
Return on Net Nonoperating Assets (RNNOA)	21.86%	16.26%	20.26%	17.22%	16.98%	14.10%	18.20%	17.63%	19.47%	12.65%	19.43%
Return on Equity (ROE)	45.54%	42.66%	43.36%	41.34%	41.03%	32.11%	42.15%	42.71%	45.17%	27.42%	41.06%
Cash Return on Invested Capital (CROIC)	21.94%	-12.51%	24.89%	21.44%	15.14%	15.53%	18.66%	20.01%	20.99%	19.07%	16.04%
Operating Return on Assets (OROA)	20.10%	22.60%	19.04%	19.48%	19.11%	14.90%	19.55%	19.87%	21.22%	12.11%	17.06%
Return on Assets (ROA)	13.29%	14.31%	13.08%	13.15%	12.98%	9.72%	13.26%	13.79%	14.75%	7.34%	11.58%
Return on Common Equity (ROCE)	45.54%	42.66%	43.36%	41.34%	41.03%	32.11%	42.15%	42.71%	45.17%	27.42%	41.06%
Return on Equity Simple (ROE_SIMPLE)	0.00%	36.85%	37.05%	35.52%	0.00%	37.24%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	70	64	71	74	74	52	75	79	82	43	72
NOPAT Margin	9.73%	9.28%	9.67%	9.73%	9.83%	7.55%	9.81%	10.18%	10.93%	6.44%	9.28%
Net Nonoperating Expense Percent (NNEP)	0.95%	2.12%	1.06%	1.08%	1.32%	1.13%	1.05%	0.95%	0.92%	1.25%	1.17%
Return On Investment Capital (ROIC_SIMPLE)	4.56%	-	-	-	4.66%	3.30%	4.84%	5.08%	5.12%	2.40%	4.24%
Cost of Revenue to Revenue	65.91%	66.16%	65.92%	66.24%	66.44%	67.33%	65.82%	66.05%	65.02%	67.86%	66.71%
SG&A Expenses to Revenue	19.05%	19.61%	19.14%	19.06%	18.99%	21.00%	19.57%	18.93%	18.98%	21.83%	19.77%
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	20.55%	21.16%	21.23%	20.44%	20.43%	22.47%	20.90%	20.23%	20.43%	23.42%	21.12%
Earnings before Interest and Taxes (EBIT)	98	88	95	102	99	70	102	107	110	57	96
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	130	121	129	136	134	105	138	144	149	96	134
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.65	10.80	8.54	9.71	6.99	7.20	7.49	9.93	9.91	10.72	9.68
Price to Tangible Book Value (P/TBV)	1,830.91	401.02	258.88	152.82	2,241.74	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.85	2.61	2.05	2.39	1.68	1.62	1.68	2.27	2.37	2.43	2.09
Price to Earnings (P/E)	21.65	28.85	23.16	29.33	19.12	20.05	21.00	26.82	27.87	28.90	24.92
Dividend Yield	0.73%	1.00%	1.27%	1.07%	1.51%	1.82%	1.74%	1.28%	1.23%	1.24%	1.44%
Earnings Yield	4.62%	3.47%	4.32%	3.41%	5.23%	4.99%	4.76%	3.73%	3.59%	3.46%	4.01%
Enterprise Value to Invested Capital (EV/IC)	4.87	6.60	5.35	6.25	4.37	4.23	4.49	5.94	5.96	5.98	5.25
Enterprise Value to Revenue (EV/Rev)	2.02	2.79	2.22	2.55	1.86	1.83	1.88	2.45	2.56	2.64	2.31
Enterprise Value to EBITDA (EV/EBITDA)	11.27	15.40	12.36	14.41	10.55	10.65	10.82	14.00	14.20	14.82	13.14
Enterprise Value to EBIT (EV/EBIT)	15.15	20.59	16.56	19.40	14.29	14.72	14.94	19.33	19.55	20.68	18.52
Enterprise Value to NOPAT (EV/NOPAT)	20.77	28.22	22.63	26.55	19.34	19.83	20.26	26.10	26.46	28.00	24.89
Enterprise Value to Operating Cash Flow (EV/OCF)	16.48	22.35	17.36	20.92	16.11	15.46	15.47	19.11	20.47	20.41	19.05
Enterprise Value to Free Cash Flow (EV/FCFF)	22.39	0.00	21.34	29.49	30.11	28.11	24.55	30.16	28.67	31.77	33.65
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.29	1.34	1.29	1.23	1.24	1.37	1.32	1.30	1.25	1.66	1.66
Long-Term Debt to Equity	1.25	1.25	1.24	1.18	1.19	1.27	1.27	1.25	1.20	1.55	1.61
Financial Leverage	0.96	0.67	0.92	0.75	0.75	0.83	0.80	0.73	0.79	0.94	0.95
Leverage Ratio	3.23	2.68	3.10	2.97	2.94	2.99	3.00	2.96	2.92	3.18	3.28
Compound Leverage Factor	2.97	2.32	2.83	2.74	2.67	2.63	2.75	2.77	2.70	2.61	2.92
Debt to Total Capital	56.41%	57.27%	56.29%	55.08%	55.36%	57.85%	56.87%	56.48%	55.53%	62.43%	62.42%
Short-Term Debt to Total Capital	2.09%	3.77%	2.03%	1.98%	2.05%	4.29%	2.16%	2.23%	2.29%	4.15%	2.04%
Long-Term Debt to Total Capital	54.31%	53.49%	54.26%	53.10%	53.31%	53.56%	54.71%	54.25%	53.24%	58.28%	60.38%
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	43.59%	42.73%	43.71%	44.92%	44.64%	42.15%	43.13%	43.52%	44.47%	37.57%	37.58%
Debt to EBITDA	1.74	1.79	1.72	1.70	1.68	1.80	1.71	1.69	1.66	2.11	2.03
Net Debt to EBITDA	0.97	1.00	0.98	0.92	1.05	1.21	1.11	1.05	1.06	1.21	1.28
Long-Term Debt to EBITDA	1.68	1.67	1.65	1.64	1.62	1.67	1.64	1.63	1.59	1.97	1.97
Debt to NOPAT	3.21	3.27	3.14	3.14	3.09	3.35	3.20	3.15	3.09	3.99	3.85
Net Debt to NOPAT	1.78	1.84	1.79	1.69	1.93	2.25	2.08	1.96	1.97	2.28	2.42
Long-Term Debt to NOPAT	3.09	3.06	3.03	3.03	2.97	3.10	3.08	3.03	2.96	3.72	3.73
Altman Z-Score	4.84	5.80	5.14	5.62	4.76	4.70	4.86	5.62	5.83	5.23	4.84
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	3.09	3.18	3.08	2.99	2.94	2.89	2.85	2.78	3.03	3.35	2.98
Quick Ratio	2.34	2.43	2.33	2.28	2.12	2.08	2.11	2.10	2.23	2.57	2.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	51	-337	88	46	-28	-28	27	42	60	9.56	0.35
Operating Cash Flow to CapEx	636.17%	401.90%	401.02%	431.49%	349.53%	465.15%	610.81%	670.27%	438.51%	635.40%	414.46%
Free Cash Flow to Firm to Interest Expense	6.48	-28.36	10.76	5.99	-3.04	-3.37	3.22	6.03	7.27	0.93	0.03
Operating Cash Flow to Interest Expense	11.50	7.13	9.63	13.17	8.22	11.10	10.89	17.97	7.91	9.93	6.55
Operating Cash Flow Less CapEx to Interest Expense	9.69	5.35	7.23	10.12	5.87	8.71	9.11	15.29	6.11	8.37	4.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.48	1.77	1.48	1.46	1.46	1.47	1.46	1.44	1.44	1.39	1.39
Accounts Receivable Turnover	6.77	6.83	6.68	6.63	6.86	6.94	6.66	6.61	6.77	6.97	6.46
Inventory Turnover	10.89	10.89	11.12	11.25	10.89	10.55	10.68	10.67	9.87	9.64	9.47
Fixed Asset Turnover	0.00	0.00	0.00	0.00	18.85	0.00	0.00	0.00	16.59	16.04	15.86
Accounts Payable Turnover	12.01	12.74	12.75	12.29	12.76	13.04	12.77	12.85	14.77	14.59	13.04
Days Sales Outstanding (DSO)	53.89	53.41	54.68	55.04	53.19	52.57	54.78	55.20	53.94	52.39	56.47
Days Inventory Outstanding (DIO)	33.52	33.53	32.84	32.45	33.50	34.59	34.16	34.21	36.99	37.85	38.55
Days Payable Outstanding (DPO)	30.40	28.65	28.63	29.69	28.61	28.00	28.59	28.41	24.71	25.03	28.00
Cash Conversion Cycle (CCC)	57.01	58.29	58.89	57.79	58.08	59.16	60.35	60.99	66.22	65.21	67.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,151	1,190	1,188	1,189	1,253	1,269	1,235	1,226	1,275	1,302	1,307
Invested Capital Turnover	2.43	2.84	2.39	2.48	2.45	2.39	2.44	2.46	2.35	2.29	2.33
Increase / (Decrease) in Invested Capital	20	402	-17	28	101	80	48	38	22	33	72
Enterprise Value (EV)	5,607	7,849	6,353	7,425	5,479	5,368	5,551	7,288	7,601	7,787	6,860
Market Capitalization	5,127	7,339	5,851	6,953	4,932	4,759	4,980	6,740	7,036	7,152	6,192
Book Value per Share	$23.59	$24.11	$24.09	$25.37	$25.06	$23.81	$24.06	$24.83	$26.17	$24.75	$23.74
Tangible Book Value per Share	$0.10	$0.65	$0.79	$1.61	$0.08	($1.50)	($1.16)	($0.95)	($0.07)	($2.22)	($3.66)
Total Capital	1,538	1,590	1,568	1,595	1,580	1,568	1,541	1,559	1,597	1,777	1,702
Total Debt	867	910	883	878	875	907	876	881	887	1,109	1,062
Total Long-Term Debt	835	850	851	847	842	840	843	846	850	1,035	1,028
Net Debt	481	510	502	472	547	608	571	548	565	635	668
Capital Expenditures (CapEx)	14	21	20	24	21	20	15	19	15	16	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	369	400	386	373	401	419	389	365	413	420	409
Debt-free Net Working Capital (DFNWC)	756	800	767	780	728	717	694	698	735	894	803
Net Working Capital (NWC)	724	740	735	748	696	650	661	663	698	820	768
Net Nonoperating Expense (NNE)	5.32	8.41	6.09	5.41	6.81	6.30	5.61	4.82	5.11	7.76	7.25
Net Nonoperating Obligations (NNO)	481	510	502	472	547	608	571	548	565	635	668
Total Depreciation and Amortization (D&A)	32	33	34	34	36	36	36	36	39	38	39
Debt-free, Cash-free Net Working Capital to Revenue	13.29%	14.21%	13.52%	12.82%	13.62%	14.27%	13.16%	12.26%	13.91%	14.24%	13.79%
Debt-free Net Working Capital to Revenue	27.20%	28.43%	26.83%	26.77%	24.76%	24.45%	23.48%	23.47%	24.74%	30.34%	27.10%
Net Working Capital to Revenue	26.04%	26.30%	25.71%	25.69%	23.66%	22.16%	22.36%	22.30%	23.51%	27.84%	25.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.29	$1.98	$2.32	$2.45	$2.41	$1.65	$2.53	$2.75	$2.83	$1.30	$2.44
Adjusted Weighted Average Basic Shares Outstanding	28.16M	28.17M	28.17M	27.99M	28.03M	27.52M	27.32M	27.07M	27.20M	26.80M	26.63M
Adjusted Diluted Earnings per Share	$2.29	$1.97	$2.30	$2.44	$2.39	$1.64	$2.52	$2.74	$2.81	$1.29	$2.43
Adjusted Weighted Average Diluted Shares Outstanding	28.31M	28.39M	28.32M	28.12M	28.19M	27.70M	27.40M	27.17M	27.33M	26.97M	26.71M
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	28.37M	28.45M	28.23M	28.14M	27.76M	27.62M	27.33M	27.13M	26.98M	26.94M	26.58M
Normalized Net Operating Profit after Tax (NOPAT)	70	64	75	74	74	52	75	79	82	43	72
Normalized NOPAT Margin	9.73%	9.28%	10.16%	9.73%	9.83%	7.55%	9.81%	10.18%	10.93%	6.44%	9.28%
Pre Tax Income Margin	12.52%	11.03%	11.75%	12.35%	11.92%	8.95%	12.28%	12.89%	13.65%	7.13%	10.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	12.56	7.42	11.57	13.19	10.82	8.39	12.25	15.54	13.44	5.57	9.10
NOPAT to Interest Expense	8.99	5.40	8.69	9.61	8.10	6.23	8.99	11.48	9.96	4.13	6.87
EBIT Less CapEx to Interest Expense	10.76	5.65	9.17	10.14	8.47	6.00	10.47	12.86	11.63	4.01	7.52
NOPAT Less CapEx to Interest Expense	7.18	3.63	6.29	6.56	5.75	3.84	7.21	8.80	8.16	2.57	5.29
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.82%	34.76%	34.38%	34.50%	33.87%	36.04%	35.97%	35.08%	34.06%	36.34%	36.82%
Augmented Payout Ratio	33.11%	37.36%	55.73%	63.93%	93.61%	112.19%	112.57%	122.25%	102.52%	104.20%	118.43%

Financials Breakdown Chart

Key Financial Trends

Installed Building Products’ second-quarter 2026 results show solid sequential growth but weaker year-over-year profitability. Revenue increased to $777.8 million from $760.3 million in Q2 2025, a 2.3% gain. However, gross profit edged down to $258.9 million from $259.9 million, reducing the gross margin to approximately 33.3% from 34.2%. Operating income fell 6.3% to $94.6 million, while consolidated net income declined 5.9% to $64.9 million. Diluted EPS decreased to $2.43 from $2.52.

The quarter was considerably stronger than Q1 2026. Revenue rose 17.7% sequentially, operating income increased approximately 64%, and consolidated net income climbed about 86%. This suggests meaningful seasonality or improved activity during the second quarter, although year-over-year comparisons indicate that cost pressures and operating expenses remain important concerns.

Over the longer period represented in the data, IBP has expanded its asset base and maintained positive operating cash flow. Total assets increased from approximately $1.84 billion in Q2 2023 to $2.25 billion in Q2 2026, while Q2 revenue rose 12.4% over the same period. Yet operating income grew only modestly, and the company has funded acquisitions, buybacks and dividends partly through increased borrowing. Investors should therefore monitor whether future growth produces stronger margins and cash generation.

Strong sequential recovery: Q2 2026 revenue, operating income and net income all improved substantially from Q1 2026, with diluted EPS rising from $1.29 to $2.43.
Revenue has grown over the longer term: Quarterly revenue increased from $692.1 million in Q2 2023 to $777.8 million in Q2 2026, supported by the company’s expanded operating and asset base.
Operating cash flow remains positive: IBP generated $68.8 million of operating cash flow in Q2 2026 and has reported positive operating cash flow in every quarter provided.
Share repurchases continue to reduce the share base: Weighted-average diluted shares fell to 26.7 million in Q2 2026 from 27.4 million in Q2 2025 and 28.3 million in Q2 2024, which can support per-share results over time.
Liquidity remains adequate: Cash and equivalents totaled $394.5 million at June 30, 2026, and current assets of $1.16 billion exceeded current liabilities of $387.4 million by a wide margin.
Acquisitions remain a central growth strategy: IBP spent $18.9 million on acquisitions in Q2 2026 and approximately $55.7 million during the first half of 2026. This may expand the business, but the return on these investments will be important to future results.
Asset growth has outpaced earnings growth: Total assets rose approximately 22.7% from Q2 2023 to Q2 2026, while operating income increased only about 2.5% over that period, indicating that investors should watch capital efficiency.
Year-over-year margins weakened: Q2 2026 gross margin declined to approximately 33.3% from 34.2% and operating margin fell to approximately 12.2% from 13.3% in Q2 2025.
Working capital reduced cash generation: Changes in operating assets and liabilities used $41.6 million of cash in Q2 2026, compared with a $22.7 million source of cash in Q1 2026. Accounts receivable increased $43.2 million sequentially, while inventories rose $17.8 million.
Leverage has increased: Total debt was approximately $1.06 billion at June 30, 2026, up from roughly $876.1 million a year earlier. Q2 financing also included $89.3 million of share repurchases and $11.7 million of dividends, exceeding quarterly operating cash flow and contributing to the $79.8 million decline in cash.

09/10/26 01:39 PM 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. View Installed Building Products' forecast to see where analysts expect Installed Building Products to go next.

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%.

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Financial statements for NYSE:IBP last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Installed Building Products (IBP) Financials

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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

Financials Breakdown Chart

Key Financial Trends

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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