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Installer of insulation and complementary building products (garage doors, gutters) mainly for new-home construction.
Installer of insulation and complementary building products (garage doors, gutters) mainly for new-home construction.
Buys materials from manufacturers and earns margin on installing them, selling per job to homebuilders, so volume follows housing starts and share gains at local builders. It has grown by buying small local installers, adding branches across the country rather than building them.
Moat: narrow (scale, distribution, process know-how). Local branch network and builder relationships built through disciplined bolt-on M&A.
Headquarters: Columbus, Ohio, US · Founded: 1977 · Employees: 10,400
Size Installed Building Products (IBP) is a United States Consumer Discretionary company (Engineering & Construction) with a market value of $5.85B, the 1083rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $220.06 on 6 Nov 2026.
Performance Over six months the shares was unchanged, against +4.2% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 0.3% over the last twelve months (peer median +3.3%); the operating margin is 12.5% (peer median 10.8%).
Valuation It trades at 22.8× forward earnings against a peer median of 15.2× (6th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.4 points above its cost of capital (11.9% WACC).
Backlog Backlog (remaining performance obligations) was $160M at 30 Sep 2025, up 27% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 6.0% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.96B | $2.97B | $2.94B | $2.78B | $2.67B |
| Revenue growth | — | +1% | +6% | +4% | — |
| Gross profit | $955M | $968M | $952M | $886M | $781M |
| EBITDA | $521M | $534M | $524M | $497M | $413M |
| Net income | $251M | $265M | $257M | $244M | $223M |
| Free cash flow | $292M | $301M | $251M | $279M | $232M |
| Capital expenditure | $68.3M | $70.6M | $88.6M | $61.6M | $45.6M |
| Total debt | $1.20B | $992M | $978M | $955M | $946M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Installed Building Products IBP | $5.85B | 0% | 0% | 13% | 22.8× | 15.4% |
| Owens Corning OC | $9.59B | 0% | -11% | 14% | 15.3× | 3.6% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | IBP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +17.2% | +5.6% | 2nd highest of 21 |
| 6-month return | 0.0% | +4.2% | 10th lowest of 20 |
| Distance from 52-week high | -37.0% | -15.3% | 2nd lowest of 21 |
| Revenue growth (TTM) | +0.3% | +3.3% | 4th lowest of 21 |
| Operating margin | 12.5% | 10.8% | 10th highest of 21 |
| Forward P/E | 22.8× | 15.2× | 6th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 15.4% | 1.8% | 5th most demanding of 18 |
| Growth delivered (Del g) | +12.4% | +11.0% | 7th highest of 18 |
| Hurdle (Req g minus delivered) | +2.9 pp | -6.5 pp | 4th most demanding of 18 |
| ROIC minus cost of capital | +8.4 pp | +1.1 pp | 6th highest of 21 |
| EV / EBITDA | 12.8× | 11.5× | 8th most expensive of 20 |
| Net debt / EBITDA | 1.5× | 2.6× | 6th least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Installed Building Products IBP | United States | $5.85B | 0% | 0% | 13% | 22.8× | 15.4% | +12.4% |
| AutoNation AN | United States | $5.88B | -11% | -2% | 5% | 8.3× | n/a | n/a |
| Dutch Bros BROS | United States | $5.90B | -36% | +30% | 10% | 31.0× | 36.3% | +38.0% |
| Super Group (SGHC) SGHC | United States | $5.77B | -13% | +14% | 23% | 11.7× | -0.2% | +16.6% |
| Caesars Entertainment CZR | United States | $5.96B | +4% | +3% | 17% | n/a | 5.8% | +25.9% |
| Ermenegildo Zegna ZGN | United States | $5.96B | +7% | +11% | 9% | 31.1× | 20.3% | +11.3% |
| Macy's M | United States | $6.03B | +18% | 0% | 4% | 10.8× | -1.1% | +4.6% |
| Jersey Mike's Subs JMKE | United States | $6.03B | n/a | +11% | 21% | 26.3× | n/a | n/a |
| Vail Resorts MTN | United States | $5.66B | +26% | -4% | 16% | 27.9× | 9.6% | +8.2% |
| Wyndham Hotels & Resorts WH | United States | $5.64B | -6% | +1% | 37% | 15.2× | 1.8% | +1.8% |
| Ultrapar Participacoes S.A. Sponsored ADR UGP | United States | $6.12B | -11% | +20% | 5% | 7.0× | -12.6% | +12.2% |
| Rush Enterprises RUSHA | United States | $5.54B | +6% | -3% | 5% | 15.4× | 7.9% | +9.4% |
| Boyd Gaming BYD | United States | $5.41B | -11% | 0% | 19% | 10.1× | n/a | n/a |
| Abercrombie & Fitch ANF | United States | $6.35B | +57% | +5% | 14% | 12.1× | -2.7% | +11.0% |
| Ollie's Bargain Outlet OLLI | United States | $5.37B | +10% | +14% | 12% | 19.8× | 1.5% | +7.9% |
| Floor & Decor FND | United States | $5.34B | -1% | +2% | 6% | 27.3× | 17.7% | +14.1% |
| Cheesecake Factory CAKE | United States | $5.32B | +73% | +8% | 7% | 21.2× | 16.7% | +13.6% |
| Lear LEA | United States | $5.31B | -21% | +4% | 4% | 6.9× | -1.3% | +6.4% |
| H&R Block HRB | United States | $6.45B | +43% | +5% | 24% | 8.4× | -15.4% | +2.9% |
| Choice Hotels International CHH | United States | $5.29B | +12% | +2% | 25% | 15.8× | 4.8% | +15.6% |
| Vipshop Holdings Ltd Sponsored ADR VIPS | United States | $6.55B | -4% | +2% | 7% | 5.4× | -20.3% | 0.0% |
Installed Building Products reported $160M of remaining performance obligations at 30 Sep 2025, up 27% from a year earlier and down 1% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.