IBP
Installed Building Products, Inc.
Next earnings Aug 5, 2026 · consensus $2.60 EPS, $752M rev
Last earnings -27.6% on 2026-05-07
$228.26
▲ +0.40%$228.26▲ +29.47%
over 1Y
L $176.31H $340.78
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.4%
1W+0.5%
1M+11.9%
3M-14.9%
YTD-13.8%
1Y+29.5%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 21 analysts
Hold
IBP is a high-ROE (37%) insulation installer compounding via M&A and buybacks; reasonable at 22.5x despite a flat housing year.
Return on equity 37.4% · FY2025
The read
The fundamentals carry the rating, but the price is rich (~45% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
Installed Building Products is the second-largest US installer of insulation and related building products for residential and commercial construction, run as a disciplined consolidator of local installers. FY2025 was a slow-growth holding year given soft housing volumes — revenue rose just 1.0% to $2.97B and operating income was essentially flat at $386M — yet the franchise's quality shows through: a 34.0% gross margin, 13.0% operating margin, and a standout 37.4% return on equity. Net income still grew 3.4% to $265M and diluted EPS rose a faster 6.7% to $9.71, aided by buybacks.
Capital allocation is excellent. Operating cash flow grew 9.2% to $371M against modest capex of $70.6M (down 20.3%), producing strong free cash flow that funded $173M of buybacks (shares down 2.8%), an $87.6M dividend (up 3.4%), and bolt-on acquisitions — the core of IBP's growth model. Retained earnings jumped 20.6% to $1.04B. The balance sheet is reasonable: long-term debt of $850M against $322M cash and $710M equity, with liabilities/equity of 1.91x (the high ROE is partly a function of this leverage plus genuine operating excellence).
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:54 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.97B | $2.67B | $2.78B | $2.94B | $2.97B |
| Gross profit | $590M | $828M | $931M | $995M | $1.01B |
| Operating income | $188M | $345M | $369M | $383M | $386M |
| Net income | $119M | $223M | $244M | $257M | $265M |
| Diluted EPS | $4.01 | $7.74 | $8.61 | $9.10 | $9.71 |
| Net margin | 6.0% | 8.4% | 8.8% | 8.7% | 8.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$6.71B
EV / EBITDA15.0
EV / Sales2.3
EV / FCF22.3
P / FCF20.4
PEG (trailing)6.85
Earnings yield4.3%
FCF yield4.9%
Quality & risk
ROIC (est.)19.1%
Free cash flow$301M
Total debt$887M
Net cash-$565M
Altman Z-Score5.88 safe
Piotroski F-Score8/9
Capital returns
Buyback yield2.8%
Dividend yield (est.)1.4%
Shareholder yield4.2%
Shares Δ YoY-2.8%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRed flag in recent filings — agreement terminated (2026-01-22). Worth a closer look.
Recent filings
all on EDGAR ↗4Period ending 2026-06-112026-06-15open ↗4Period ending 2026-05-192026-05-20open ↗4Period ending 2026-05-192026-05-20open ↗4Period ending 2026-05-192026-05-20open ↗4Period ending 2026-05-192026-05-20open ↗4Period ending 2026-05-192026-05-20open ↗4Period ending 2026-05-192026-05-20open ↗4Period ending 2026-05-192026-05-20open ↗8-KPeriod ending 2026-05-192026-05-20open ↗8-KFiling2026-05-19open ↗4Period ending 2026-05-122026-05-14open ↗4Period ending 2026-05-112026-05-12open ↗
Frequently asked
- Is Installed Building Products, Inc. (IBP) a buy?
- IBP currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. IBP is a high-ROE (37%) insulation installer compounding via M&A and buybacks; reasonable at 22.5x despite a flat housing year.
- What is IBP's fair value?
- A Modified-Graham model based on IBP's SEC fundamentals estimates a fair value of about $126.30. It is an estimate from reported earnings, not a price target.
- Is IBP overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, IBP currently appears overvalued relative to its SEC-grounded earnings power.
- What is Installed Building Products, Inc.'s quality score?
- IBP scores 65.74751478938717/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001580905, latest 10-Q filed 2026-05-07) · EODHD · Proprietary analysis · as of 6/21/2026, 8:54:52 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.