Installed Building Products, Inc. IBP
Installed Building Products, Inc. ("IBP") and its wholly-owned subsidiaries (collectively referred to as the "Company" and "we," "us" and "our") primarily install insulation for residential and commercial builders located in the continental United States. We are also a diversified installer of complementary building products including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products. We offer our portfolio of services from our national network of approximately 250 branch locations serving all 48 continental states and the District of Columbia. In addition, we have regional distribution operations that serve the Midwest, Mountain West, Northeast and Mid-Atlantic regions of the United States, and we operate multiple cellulose manufacturing facilities.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.97B | $2.94B | $2.78B | $2.67B | $1.97B | $1.65B | $1.51B | $1.34B | $1.13B | $863.0M |
| Cost of revenue | $1.96B | $1.95B | $1.85B | $1.84B | $1.38B | $1.14B | $1.08B | $964.8M | $808.9M | $610.5M |
| Gross profit | $1.01B | $994.5M | $930.7M | $827.8M | $589.5M | $510.0M | $434.8M | $371.6M | $324.0M | $252.4M |
| SG&A | $437.2M | $424.8M | $385.3M | $335.7M | $272.4M | $238.1M | $214.1M | $185.8M | $164.5M | $125.5M |
| Total operating expenses | $622.9M | $612.0M | $561.6M | $482.4M | $401.6M | $348.1M | — | — | — | — |
| Operating income | $386.4M | $382.5M | $369.1M | $345.4M | $187.9M | $161.9M | $121.2M | $93.2M | $74.3M | $66.0M |
| Interest expense | $31.7M | $36.9M | $37.0M | $41.6M | $32.8M | $30.3M | $28.1M | $20.5M | $17.4M | $6.2M |
| Pre-tax income | $357.0M | $346.4M | $333.1M | $303.3M | $155.5M | $131.2M | $92.6M | $72.2M | $55.8M | $59.6M |
| Income tax | $91.6M | $89.8M | $89.4M | $79.9M | $36.7M | $33.9M | $24.4M | $17.4M | $14.7M | $21.2M |
| Net income | $265.4M | $256.6M | $243.7M | $223.4M | $118.8M | $97.2M | $68.2M | $54.7M | $41.1M | $38.4M |
| EPS, basic | 9.76 | 9.16 | 8.65 | 7.78 | 4.04 | 3.30 | 2.29 | 1.76 | 1.30 | 1.23 |
| EPS, diluted | 9.71 | 9.10 | 8.61 | 7.74 | 4.01 | 3.27 | 2.28 | 1.75 | 1.30 | 1.23 |
| Shares, diluted (wtd. avg.) | 27.3M | 28.2M | 28.3M | 28.9M | 29.6M | 29.7M | 29.9M | 31.2M | 31.8M | 31.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $321.9M | $327.6M | $386.5M | $229.6M | $333.5M | $231.5M | $177.9M | $90.4M | $62.5M | $14.5M |
| Short-term investments | — | — | — | — | — | $0 | $38.0M | $10.1M | $30.1M | — |
| Receivables | $444.1M | $433.9M | $423.3M | $397.2M | $312.8M | $266.6M | $244.5M | $214.1M | $180.7M | $128.5M |
| Inventory | $203.0M | $194.6M | $162.8M | $176.6M | $143.0M | $77.2M | $74.6M | $61.2M | $48.3M | $40.2M |
| Total current assets | $1.04B | $1.05B | $1.07B | $884.4M | $859.3M | $623.9M | $581.9M | $411.5M | $354.9M | $192.4M |
| Property, plant and equipment | — | — | — | — | — | $104.0M | $106.4M | $90.1M | $81.1M | $67.8M |
| Goodwill | $450.4M | $432.6M | $398.8M | $373.6M | $322.5M | $216.9M | $195.7M | $173.0M | $155.5M | $107.1M |
| Other intangibles | $261.5M | $270.5M | $268.7M | $283.4M | $264.4M | $171.4M | $153.6M | $149.8M | $138.0M | $86.3M |
| Total assets | $2.07B | $2.06B | $1.98B | $1.78B | $1.65B | $1.19B | $1.10B | $834.7M | $738.7M | $462.1M |
| Accounts payable | $119.0M | $146.6M | $158.6M | $149.2M | $132.7M | $101.5M | $98.9M | $96.9M | $87.4M | $67.9M |
| Short-term debt | $36.6M | $32.4M | $32.2M | $31.0M | $30.8M | $23.4M | $24.2M | $22.6M | $16.6M | $17.2M |
| Total current liabilities | $344.2M | $359.0M | $346.4M | $328.1M | $307.6M | $236.5M | $214.1M | $181.7M | $159.8M | $130.1M |
| Long-term debt | $850.0M | $842.4M | $835.1M | $830.2M | $832.2M | $542.0M | $545.0M | $432.2M | $330.9M | $134.2M |
| Total liabilities | $1.36B | $1.35B | $1.31B | $1.29B | $1.24B | $868.5M | $849.4M | $652.2M | $528.2M | $308.1M |
| Retained earnings | $1.04B | $865.5M | $693.8M | $513.1M | $352.5M | $269.4M | $173.4M | $105.2M | $48.4M | $7.3M |
| Total equity | $709.9M | $705.3M | $670.3M | $493.5M | $416.8M | $319.2M | $250.0M | $182.5M | $210.5M | $154.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $371.4M | $340.0M | $340.2M | $277.9M | $138.3M | $180.8M | $123.1M | $96.6M | $68.8M | $73.3M |
| Depreciation and amortisation | $61.4M | $55.4M | $49.2M | $44.4M | $41.0M | $39.0M | — | — | — | — |
| Stock-based compensation | $21.5M | $19.4M | $15.9M | $13.8M | $13.8M | $10.8M | $8.7M | $7.8M | $6.6M | $1.9M |
| Capital expenditure | $70.6M | $88.6M | $61.6M | $45.6M | $37.0M | $33.6M | $50.2M | $35.2M | $31.7M | $27.0M |
| Investing cash flow | -$112.0M | -$159.1M | -$103.4M | -$158.7M | -$278.4M | -$77.8M | -$131.7M | -$74.1M | -$200.4M | -$79.6M |
| Financing cash flow | -$265.1M | -$239.8M | -$79.9M | -$223.1M | $242.1M | -$49.4M | $96.1M | $5.4M | $179.7M | $14.0M |
| Dividends paid | $87.6M | $84.7M | $63.1M | $62.7M | $35.3M | $0 | $0 | — | — | — |
| Buybacks | $172.6M | $145.3M | $6.3M | $137.6M | $0 | $33.9M | $0 | $89.4M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001580905-26-000022.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $863.0M | $1.13B | $1.34B | $1.51B | $1.65B | $1.97B | $2.67B | $2.78B | $2.94B | $2.97B |
| Gross profit | $252.4M | $324.0M | $371.6M | $434.8M | $510.0M | $589.5M | $827.8M | $930.7M | $994.5M | $1.01B |
| Net income | $38.4M | $41.1M | $54.7M | $68.2M | $97.2M | $118.8M | $223.4M | $243.7M | $256.6M | $265.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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