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NYSE · Industrials

Installed Building Products, Inc. (IBP)

As-reported financials and SEC filings for Installed Building Products, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Installed Building Products, Inc.

Installed Building Products, Inc. (IBP) installs insulation and other building products for residential and commercial builders across the continental United States. Its main products include fiberglass and cellulose insulation, spray foam insulation, garage doors, rain gutters, waterproofing, fire-stopping, window blinds, shower doors, closet shelving, and mirrors. IBP serves new construction, repair, remodel, and commercial construction markets through a national network of branch locations and regional distribution centers.

Snapshot

Revenue
$2.97B
Revenue growth (YoY)
1.0%
Net income
$265.4M
Diluted EPS
$9.71
Gross margin
34.0%
Operating margin
13.0%
Net margin
8.9%
FCF margin
10.1%
ROE
37.4%
net income / fiscal-year-end equity
P/E
26.0×
trailing when available, otherwise FY EPS
Market cap
$6.40B
Long-term debt / equity
1.20×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Installed Building Products

  • Revenue grew 1.0% to $3.0B in FY2025, slower than the 5.9% the year before.
  • Operating margin is 13.0% in FY2025, +3.5 pp against 9.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $778M, up 2.3% from Q2 FY2025.
  • Free cash flow was $301M in FY2025, 10.1% of revenue.
  • Net income rose 3.4% to $265M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Installed Building Products’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin34.0%
62nd percentile of 466
Operating margin13.0%
73rd percentile of 605
Net margin8.9%
72nd percentile of 645
FCF margin10.1%
71st percentile of 562
Revenue growth (YoY)+1.0%
38th percentile of 668
ROE37.4%
95th percentile of 600
P/E26.0×
54th percentile of 434
Long-term debt / equity1.20×
82nd percentile of 409
Short interest5.33d
78th percentile of 676

Installed Building Products’s return on equity of 37.4% ranks in the 95th percentile of the 600 Industrials companies reporting it.

10 reported insider purchases (code P) totaling $198,610 in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+5 quant / multi-strat
Initiated / added
3
1 new, 2 added
Reduced / exited
7
6 trimmed, 1 exited
Combined position
$138.4M
reported long value
InvestorAs ofPosition valueSharesChange
Giverny CapitalQ2 2026$91.4M397.7KReduced
First Eagle Investment ManagementQ2 2026$29.3M127.6KAdded
Citadel AdvisorsquantQ2 2026$7.5M32.5KReduced
D. E. ShawquantQ2 2026$5.4M23.4KReduced
AQR Capital ManagementquantQ2 2026$2.5M11.1KAdded
Two Sigma InvestmentsquantQ2 2026$845,8113.7KReduced
Millennium ManagementquantQ2 2026$627,2332.7KNew
Bridgewater AssociatesQ2 2026$603,1002.6KReduced
Gotham Asset ManagementQ2 2026$203,868887Reduced

No longer held by: Renaissance Technologies (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
10
1 insider
Bought (90d)
$199K
code P value
Sells (90d)
0
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-11
filed 2026-06-15
Miller Michael ThomasExecutive VP & CFOBuy278$196.95$55K
2026-06-11
filed 2026-06-15
Miller Michael ThomasExecutive VP & CFOBuy155$206.74$32K
2026-06-11
filed 2026-06-15
Miller Michael ThomasExecutive VP & CFOBuy145$197.55$29K
2026-06-11
filed 2026-06-15
Miller Michael ThomasExecutive VP & CFOBuy133$201.91$27K
2026-06-11
filed 2026-06-15
Miller Michael ThomasExecutive VP & CFOBuy99$202.73$20K
2026-06-11
filed 2026-06-15
Miller Michael ThomasExecutive VP & CFOBuy80$205.52$16K
2026-06-11
filed 2026-06-15
Miller Michael ThomasExecutive VP & CFOBuy65$195.89$13K
2026-06-11
filed 2026-06-15
Miller Michael ThomasExecutive VP & CFOBuy20$204.32$4K
2026-06-11
filed 2026-06-15
Miller Michael ThomasExecutive VP & CFOBuy14$198.79$3K
2026-06-11
filed 2026-06-15
Miller Michael ThomasExecutive VP & CFOBuy1$200.03$200
2026-05-11
filed 2026-05-12
Miller Michael ThomasExecutive VP & CFOBuy802$206.06$165K
2026-05-11
filed 2026-05-12
Wheeler Brad AChief Operating OfficerBuy716$209.13$150K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.9M
settled 2026-08-14
Change vs prior
+8.4%
vs previous settlement
Days to cover
5.33
at avg daily volume
Avg daily volume
347.9K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.9M+8.4%5.33
2026-07-311.7M+4.5%4.36
2026-07-151.6M+8.3%4.27
2026-06-301.5M+16.3%2.61
2026-06-151.3M+21.4%2.86
2026-05-291.1M-8.6%2.47
2026-05-151.2M-21.6%1.60
2026-04-301.5M+4.0%4.85

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.97B$2.94B$2.78B$2.67B$1.97B
Gross profit$1.01B$994.5M$930.7M$827.8M$589.5M
Operating income$386.4M$382.5M$369.1M$345.4M$187.9M
Net income$265.4M$256.6M$243.7M$223.4M$118.8M
Diluted EPS$9.71$9.10$8.61$7.74$4.01

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$371.4M$340.0M$340.2M$277.9M$138.3M
Capital expenditure$70.6M$88.6M$61.6M$45.6M$37.0M
Free cash flow$300.8M$251.4M$278.6M$232.3M$101.3M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$777.8M2.3%$64.9M$2.43
Q1 FY2026$660.5M-3.5%$34.8M$1.29
Q4 FY2025$747.5M-0.4%$76.6M$2.83
Q3 FY2025$778.2M2.3%$74.4M$2.74
Q2 FY2025$760.3M3.1%$69.0M$2.52
Q1 FY2025$684.8M-1.2%$45.4M$1.64
Q4 FY2024$750.2M4.1%$66.9M$2.39
Q3 FY2024$760.6M7.7%$68.6M$2.44

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryGeneral Bldg Contractors - Residential Bldgs
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2013
SEC CIK1580905

Selected SEC filings

10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-05-20
View on EDGAR →
8-K2026-05-19
View on EDGAR →
8-K2026-05-07
View on EDGAR →

Largest Industrials peers

All Industrials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.