Installed Building Products, Inc. (IBP) Stock

Installed Building Products, Inc. (IBP) is a Industrials stock trading at $235.45 (as of 2026-09-02), with a market capitalization of $6.34B and a trailing P/E of 24.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Installed Building Products, Inc. (IBP) and its subsidiaries install insulation and related building products for residential and commercial construction in the United States. Its work spans installation services across areas such as basements, crawl spaces, building envelopes, attics, and acoustical applications, and also includes installing certain sealant/air-infiltration and moisture-protection systems and garage door products.

Understand Installed Building Products, Inc.: how it makes money

Installed Building Products installs insulation (fiberglass, cellulose, spray foam) into new homes and commercial buildings across the US, earning revenue from installation contracts. The business is heavily weighted toward residential single-family work, with a growing but smaller commercial and multifamily mix beginning to show pull-through.

The 32% gross margin is a wage-and-trucking spread on installation labor; materials are largely a pass-through cost, so profit scales with job counts and fuel prices more than with sticker price.

Revenue by segment (latest quarter)
Installation$0.6B
Other$0.1B

Business quality (Mixed): A straightforward services business with modest margins (9% operating) and high exposure to single-family housing starts; cash generation is solid but growth is still.volume-dependent rather than pricing-driven.

Valuation: At 26× earnings, IBP trades 10% above the Construction average (23×).

Bull case

  • Acquisitions as growth engine: Management expects at least $100 million of acquired annual revenue in 2026, giving IBP a durable inorganic growth path independent of housing-start swings.
  • Commercial and multifamily pull-through: Heavy commercial delivered more than 15% sales growth, and multifamily sales turned positive in June and July as backlog expanded, reducing dependence on the cyclical single-family segment.
  • Cash flow funds shareholder returns: Strong cash generation supports acquisitions, buybacks, and dividends, giving the stock a floor of returning capital even in flat-volume quarters.

Bear case

  • Core single-family demand fading: Single-family starts declined 4% year over year, and quarterly revenue is down 4% YoY at $700 million, meaning the primary demand engine is losing momentum.
  • Fuel and capacity squeeze margins: Fuel expense reduced installation gross margin by 50 basis points, and more insulation capacity in the market reduces the likelihood of price-increase acceptance, putting double pressure on the 32% gross margin.
  • Premium valuation on weakening top line: At 25.9x earnings versus a 24x construction industry average, IBP carries a 10% premium while revenue is declining, leaving limited cushion if the housing softening persists.
Valuation — source: SEC EDGAR (first-party)
Price$235.45
Market Cap$6.34B
P/E Ratio24.9
EV / EBITDA15.9
Price / Book9.50
Price / Sales2.15
FCF Yield4.7%
DCF Value (model)$138.38
DCF Upside vs Price-41.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.97B
Net Margin8.9%
Revenue Growth (YoY)-3.5%
EPS Growth (YoY)-21.2%
FCF Growth (YoY)19.2%
Financial Health — source: SEC EDGAR
Altman Z-Score5.96 (safe)
Piotroski F-Score8/9 (strong)
Valuation vs Sector & Industry
Stock P/E24.9
Sector P/E (Industrials)25.7
Industry P/E (Construction)22.8
vs Sector-3.2%
vs Industry9.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($996.51M)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorIndustrials
IndustryConstruction
CEOJeffrey W. Edwards
Employees10,800
CountryUS
IPO Date2014-02-13

Installed Building Products, Inc. earnings call transcripts

  • IBP Q2 FY26 earnings call transcript (reported 2026-08-06) · analysis
  • IBP Q4 FY25 earnings call transcript (reported 2026-02-26) · analysis
  • IBP Q2 FY25 earnings call transcript (reported 2025-08-07) · analysis

All IBP earnings calls

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IBP earnings history · IBP institutional & insider holders · IBP KPIs & operating metrics · IBP financials · IBP investor presentations & press releases · IBP SEC filings · IBP peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.