Installed Building Products, Inc.
Business
Installed Building Products, Inc. operates a national network of branch locations that primarily install insulation for residential and commercial builders across the continental United States, with insulation as its dominant product line. The company also installs complementary building products including waterproofing, fire-stopping, garage doors, rain gutters, window blinds, shower doors, and closet shelving. IBP operates through Installation, Distribution, and Manufacturing segments.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net revenue | 2,971 | 2,941 | 2,779 | 2,670 | 1,969 | |
| Cost of sales | 1,962 | 1,947 | 1,848 | 1,842 | 1,379 | |
| Gross profit | 1,009 | 995 | 931 | 828 | 590 | |
| Selling | 145 | 140 | 132 | 119 | 93 | |
| Administrative | 437 | 425 | 385 | 336 | 272 | |
| Asset impairment | 0 | 5 | 0 | 0 | — | |
| Amortization | 41 | 43 | 45 | 44 | 37 | |
| Operating income | 386 | 383 | 369 | 345 | 188 | |
| Interest expense, net | 32 | 37 | 37 | 42 | — | |
| Other income | −2 | −800,000 | −1 | 500,000 | −400,000 | |
| Income before income taxes | 357 | 346 | 333 | 303 | 156 | |
| Income tax provision | 92 | 90 | 89 | 80 | 37 | |
| Net income | 265 | 257 | 244 | 223 | 119 | |
| Net change in cash flow hedges, net of tax benefit (provision) of $5.0, $(0.6) and $2.5 for the years ended December 31, 2025, 2024 and 2023, respectively | −13 | 1 | −7 | 41 | 9 | |
| Comprehensive income | 253 | 258 | 237 | 264 | 127 | |
| Basic (in USD per share) | 9.76 | 9.16 | 8.65 | 7.78 | 4.04 | |
| Diluted (in USD per share) | 9.71 | 9.1 | 8.61 | 7.74 | 4.01 | |
| Basic (in shares) | 27 | 28 | 28 | 29 | 29 | |
| Diluted (in shares) | 27 | 28 | 28 | 29 | 30 | |
| Cash dividends declared per share (in USD per share) | 3.18 | 3 | 2.22 | 2.16 | 1.2 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 322 | 328 | 387 | 230 | 333 | |
| Accounts receivable (less allowance for credit losses of $13.9 and $10.7 at December 31, 2025 and 2024, respectively) | 444 | 434 | 423 | 397 | 313 | |
| Inventories | 203 | 195 | 163 | 177 | 143 | |
| Prepaid expenses and other current assets | 74 | 99 | 97 | 81 | 70 | |
| Total current assets | 1,043 | 1,055 | 1,070 | 884 | 859 | |
| Property and equipment, net | 183 | 175 | 137 | 119 | 106 | |
| Operating lease right-of-use assets | 99 | 96 | 78 | 76 | 70 | |
| Goodwill | 450 | 433 | 399 | 374 | 323 | |
| Intangible assets | 262 | 271 | 269 | 283 | 264 | |
| Other non-current assets | 32 | 32 | 29 | 43 | 31 | |
| Total assets | 2,068 | 2,060 | 1,981 | 1,779 | 1,653 | |
| Current maturities of long-term debt | 37 | 32 | 32 | 31 | 31 | |
| Current maturities of operating lease obligations | 37 | 34 | 28 | 26 | 23 | |
| Current maturities of finance lease obligations | 3 | 3 | 3 | 3 | 2 | |
| Accounts payable | 119 | 147 | 159 | 149 | 133 | |
| Accrued compensation | 70 | 66 | 60 | 52 | 51 | |
| Other current liabilities | 79 | 77 | 65 | 68 | 68 | |
| Total current liabilities | 344 | 359 | 346 | 328 | 308 | |
| Long-term debt | 850 | 842 | 835 | 830 | 832 | |
| Operating lease obligations | 61 | 61 | 50 | 50 | 46 | |
| Finance lease obligations | 4 | 5 | 7 | 6 | 3 | |
| Deferred income taxes | 25 | 26 | 25 | 28 | 5 | |
| Other long-term liabilities | 74 | 61 | 49 | 43 | 42 | |
| Total liabilities | 1,358 | 1,355 | 1,311 | 1,285 | 1,236 | |
| Commitments and contingencies (Note 17) | — | — | — | — | — | |
| Preferred Stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at December 31, 2025 and 2024, respectively | 0 | 0 | 0 | 0 | 0 | |
| Common stock; $0.01 par value: 100,000,000 authorized, 33,837,379 and 33,713,662 issued and 26,975,227 and 27,758,491 shares outstanding at December 31, 2025 and 2024, respectively | 300,000 | 300,000 | 300,000 | — | — | |
| Additional paid in capital | 284 | 261 | 245 | 229 | 211 | |
| Retained earnings | 1,043 | 866 | 694 | 513 | 353 | |
| Treasury stock; at cost: 6,862,152 and 5,955,171 shares at December 31, 2025 and 2024, respectively | −640 | −457 | −302 | −289 | −147 | |
| Accumulated other comprehensive income | 22 | 35 | 34 | 41 | −227,000 | |
| Total stockholders equity | 710 | 705 | 670 | 494 | 417 | |
| Total liabilities and stockholders equity | 2,068 | 2,060 | 1,981 | 1,779 | 1,653 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income | 265 | 257 | 244 | 223 | 119 | |
| Depreciation and amortization of property and equipment | 66 | 59 | 52 | 47 | 44 | |
| Amortization of operating lease right-of-use assets | 38 | 33 | 29 | 27 | 22 | |
| Amortization of deferred financing costs and debt discount | 2 | 2 | 2 | 2 | 1 | |
| Provision for credit losses | 8 | 6 | 6 | 4 | 2 | |
| Write-off of debt issuance costs | 0 | 2 | 900,000 | 0 | 2 | |
| Gain on sale of property and equipment | −2 | −2 | −2 | −1 | −2 | |
| Noncash stock compensation | 22 | 19 | 16 | 14 | 14 | |
| Deferred income taxes | 4 | 2 | 500,000 | 7 | −400,000 | |
| Other, net | −12 | −13 | −12 | −100,000 | 3 | |
| Accounts receivable | −14 | −11 | −25 | −77 | −17 | |
| Inventories | −6 | −26 | 17 | −17 | −54 | |
| Other assets | 1 | −8 | −11 | −3 | −20 | |
| Accounts payable | −25 | −19 | 5 | 10 | 26 | |
| Income taxes receivable/payable | 2 | 3 | −6 | 3 | −5 | |
| Other liabilities | −19 | −11 | −20 | −15 | −34 | |
| Net cash provided by operating activities | 371 | 340 | 340 | 278 | 138 | |
| Purchases of property and equipment | −71 | −89 | −62 | −46 | −37 | |
| Acquisitions of businesses, net of cash acquired of $, $ and $0.5 in 2025, 2024 and 2023, respectively | −52 | −89 | −60 | −114 | −241 | |
| Proceeds from sale of property and equipment | 3 | 3 | 3 | 2 | 3 | |
| Settlements with interest rate swap counterparties | 14 | 18 | 17 | 4 | 0 | |
| Other, net | −6 | −2 | −2 | −6 | −3 | |
| Net cash used in investing activities | −112 | −159 | −103 | −159 | −278 | |
| Proceeds from term loan (Note 8) | 0 | 186 | 0 | 0 | 500 | |
| Payments on term loan (Note 8) | −5 | −180 | −5 | −5 | −200 | |
| Proceeds from vehicle and equipment notes payable | 46 | 29 | 39 | 31 | 28 | |
| Debt issuance costs | 0 | −2 | −500,000 | −600,000 | −8 | |
| Principal payments on long-term debt | −31 | −30 | −30 | −30 | −26 | |
| Principal payments on finance lease obligations | −3 | −3 | −3 | −2 | −2 | |
| Acquisition-related obligations | −3 | −2 | −5 | −11 | −9 | |
| Dividends paid | −88 | −85 | −63 | −63 | −35 | |
| Repurchase of common stock | −173 | −145 | −6 | −138 | 0 | |
| Surrender of common stock awards by employees | −9 | −8 | −7 | −5 | — | |
| Net cash used in financing activities | −265 | −240 | −80 | −223 | 242 | |
| Net change in cash and cash equivalents | −6 | −59 | 157 | −104 | 102 | |
| Interest | 41 | 44 | 43 | 40 | 26 | |
| Income taxes, net of refunds | 82 | 84 | 93 | 69 | 39 | |
| Right-of-use assets obtained in exchange for operating lease obligations | 41 | 49 | 31 | 33 | 38 | |
| Property and equipment obtained in exchange for finance lease obligations | 2 | 2 | 3 | 6 | 3 | |
| Seller obligations in connection with acquisition of businesses | 5 | 6 | 9 | 27 | 29 | |
| Unpaid purchases of property and equipment included in accounts payable | 900,000 | 6 | 3 | 900,000 | 400,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Installed Building Products, Inc.'s CIK number?
Installed Building Products, Inc.'s SEC CIK number is 0001580905 (1580905). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Installed Building Products, Inc.'s SEC filings?
All of Installed Building Products, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Installed Building Products, Inc. last report earnings?
Installed Building Products, Inc. (IBP) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-031702). This is Installed Building Products, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Installed Building Products, Inc.'s most recent earnings 8-K?
Installed Building Products, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001628280-26-031702. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Installed Building Products, Inc.'s latest earnings 8-K →
Look up any company's CIK number →