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Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation for residential and commercial builders in the United States. It operates through three segments: Installation, Distribution, and Manufacturing Operations. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials. It is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl space, building envelope, attic, and acoustical applications. In addition, the company installs a range of caulk and sealant products that control air infiltration in residential and commercial buildings; basic sliding door and complex custom designs; and standard and custom designed mirrors, as well as shower doors, and closet shelving systems. Further, it installs and services garage doors and openers, including steel, aluminum, wood, and vinyl garage doors, as well as opener systems; installs waterproofing and caulking and moisture protection systems; offers sheet and hot applied waterproofing membrane, deck coating, bentonite, and air and vapor systems; and provides rain gutters installation services. Additionally, the company provides fire-stopping systems, including fire-rated joint assemblies, perimeter fire containment, and smoke and fire containment systems installation services; and cordless blinds, shades, and shutters installation, as well as other complementary building products for new construction, repair, remodel, and commercial projects. It also distributes products and materials purchased wholesale from manufacturers, such as spray foam insulation, metal building insulation, residential insulation, and mechanical and fabricated Styrofoam insulation; and insulation products, including equipment, machines, and services. The company was formerly known as CCIB Holdco, Inc. The company was founded in 1977 and is based in Columbus, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.0B | $534M | $265M | $301M | 37.4% | 1.0% | 3.4% |
| 2024 | $2.9B | $518M | $257M | $251M | 36.4% | 5.9% | 5.3% |
| 2023 | $2.8B | $496M | $244M | $279M | 36.4% | 4.1% | 9.1% |
| 2022 | $2.7B | $463M | $223M | $232M | 45.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,669.80 | 2,778.60 | 2,941.30 | 2,970.80 |
| Operating Revenue | - | 2,513.60 | 2,605.60 | 2,761.90 | 2,763.60 |
| Cost Of Revenue | - | 1,842 | 1,847.90 | 1,946.80 | 1,961.50 |
| Gross Profit | - | 827.80 | 930.70 | 994.50 | 1,009.30 |
| Operating Expense | - | 498.50 | 561.60 | 607.10 | 622.90 |
| Selling General And Administration | - | 454.70 | 517.10 | 564.60 | 581.80 |
| Total Expenses | - | 2,340.50 | 2,409.50 | 2,553.90 | 2,584.40 |
| Operating Income | - | 329.30 | 369.10 | 387.40 | 386.40 |
| Total Operating Income As Reported | - | 345.40 | 369.10 | 382.50 | 386.40 |
| EBITDA | - | 462.60 | 495.80 | 517.80 | 533.60 |
| Normalized EBITDA | - | 446.50 | 495.80 | 522.70 | 533.60 |
| EBIT | - | 344.90 | 370.10 | 383.30 | 388.70 |
| Interest Expense | - | 41.60 | 37 | 36.90 | 31.70 |
| Net Interest Income | - | -41.60 | -37 | -36.90 | -31.70 |
| Other Non Operating Income Expenses | - | -0.50 | 1 | 0.80 | 2.30 |
| Other Income Expense | - | 15.60 | 1 | -4.10 | 2.30 |
| Interest Expense Non Operating | - | 41.60 | 37 | 36.90 | 31.70 |
| Net Non Operating Interest Income Expense | - | -41.60 | -37 | -36.90 | -31.70 |
| Pretax Income | - | 303.30 | 333.10 | 346.40 | 357 |
| Tax Provision | - | 79.90 | 89.40 | 89.80 | 91.60 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 4.23 | 0 | -1.27 | 0 |
| Net Income Continuous Operations | - | 223.40 | 243.70 | 256.60 | 265.40 |
| Net Income From Continuing And Discontinued Operation | - | 223.40 | 243.70 | 256.60 | 265.40 |
| Net Income From Continuing Operation Net Minority Interest | - | 223.40 | 243.70 | 256.60 | 265.40 |
| Net Income | - | 223.40 | 243.70 | 256.60 | 265.40 |
| Net Income Common Stockholders | - | 223.40 | 243.70 | 256.60 | 265.40 |
| Net Income Including Noncontrolling Interests | - | 223.40 | 243.70 | 256.60 | 265.40 |
| Normalized Income | - | 211.53 | 243.70 | 260.23 | 265.40 |
| Diluted NI Availto Com Stockholders | - | 223.40 | 243.70 | 256.60 | 265.40 |
| Basic Average Shares | - | 28.71 | 28.16 | 28.03 | 27.20 |
| Diluted Average Shares | - | 28.87 | 28.31 | 28.19 | 27.33 |
| Reconciled Depreciation | - | 117.70 | 125.70 | 134.50 | 144.90 |
| Reconciled Cost Of Revenue | - | 1,768.10 | 1,766.70 | 1,854.80 | 1,857.70 |
| Total Unusual Items | - | 16.10 | 0 | -4.90 | 0 |
| Total Unusual Items Excluding Goodwill | - | 16.10 | 0 | -4.90 | 0 |
| Special Income Charges | - | 16.10 | 0 | -4.90 | 0 |
| Impairment Of Capital Assets | - | 0 | 0 | 4.90 | 0 |
| Restructuring And Mergern Acquisition | -1.10 | -16.10 | 0 | 0 | - |
| Depreciation Amortization Depletion Income Statement | - | 43.80 | 44.50 | 42.50 | 41.10 |
| Depreciation And Amortization In Income Statement | - | 43.80 | 44.50 | 42.50 | 41.10 |
| General And Administrative Expense | - | 335.70 | 385.30 | 424.80 | 437.20 |
| Other Gand A | - | 335.70 | 385.30 | 424.80 | 437.20 |
| Selling And Marketing Expense | - | 119 | 131.80 | 139.80 | 144.60 |
| Amortization | - | 43.80 | 44.50 | 42.50 | 41.10 |
| Amortization Of Intangibles Income Statement | - | 43.80 | 44.50 | 42.50 | 41.10 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Installed Building Products, Inc.this co. | IBP | $5.5B | 20.58 | 7.69 | 37.4% | 11.49 |
| Etsy, Inc. | ETSY | $6.4B | 39.04 | - | -14.8% | 21.30 |
| Caesars Entertainment, Inc. | CZR | $6.0B | -11.87 | 1.70 | -14.3% | 9.10 |
| Brinker International, Inc. | EAT | $5.9B | 15.28 | 15.78 | 103.3% | 10.46 |
| Red Rock Resorts, Inc. | RRR |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $5.7B |
| 30.56 |
| 27.59 |
| 90.3% |
| 11.29 |
| Acushnet Holdings Corp. | GOLF | $5.2B | 27.64 | 6.65 | 24.1% | 17.23 |
| Rush Enterprises, Inc. | RUSHA | $5.1B | 19.48 | 2.33 | 12.0% | 9.84 |
| Boot Barn Holdings, Inc. | BOOT | $5.1B | 22.73 | 3.89 | 17.1% | 15.14 |
| Reynolds Consumer Products Inc. | REYN | $4.6B | 15.18 | 2.03 | 13.4% | 9.69 |
| Peer Median | - | 21.10 | 3.89 | 15.2% | 10.87 | |