Installed Building Products, Inc. - Understand $ibp stock

$IBP Market Cap: $6.271 Billion

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Financial Snapshot

Revenue

$2.912B

TTM

Gross Margin

33.94%

TTM

Net Earnings

$254.6M

TTM

Current Assets

$1.125B

Q3 2024

Current Liabilities

$376.7M

Q3 2024

Current Ratio

298.59%

Q3 2024

Total Assets

$2.073B

Q3 2024

Total Liabilities

$1.356B

Q3 2024

Book Value

$716.4M

Q3 2024

Cash

$406.2M

Q3 2024

P/E

24.63

Nov 29, 2024 EST

Free Cash Flow

$273.5M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$2.779B	$2.670B	$1.969B	$1.653B	$1.512B	$1.336B	$1.133B	$863.0M	$662.7M	$518.0M	$431.9M	$301.3M	$238.4M
YoY Change	4.07%	35.62%	19.08%	9.37%	13.11%	17.96%	31.28%	30.22%	27.93%	19.93%	43.38%	26.36%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$2.779B	$2.670B	$1.969B	$1.653B	$1.512B	$1.336B	$1.133B	$863.0M	$662.7M	$518.0M	$431.9M	$301.3M	$238.4M
Cost Of Revenue	$1.848B	$1.842B	$1.379B	$1.143B	$1.077B	$964.8M	$808.9M	$610.5M	$474.4M	$378.0M	$322.2M	$227.2M	$181.2M
Gross Profit	$930.7M	$827.8M	$589.5M	$510.0M	$434.8M	$371.6M	$324.0M	$252.4M	$188.3M	$140.1M	$109.7M	$74.04M	$57.20M
Gross Profit Margin	33.5%	31.0%	29.95%	30.85%	28.76%	27.8%	28.6%	29.25%	28.41%	27.04%	25.39%	24.58%	23.99%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin	$517.1M	$454.7M	$364.6M	$319.6M	$289.2M	$253.0M	$222.9M	$175.1M	$137.1M	$111.6M	$92.70M	$76.14M	$68.90M
YoY Change	13.72%	24.73%	14.08%	10.52%	14.31%	13.48%	27.27%	27.77%	22.8%	20.42%	21.75%	10.51%
% of Gross Profit	55.56%	54.93%	61.84%	62.66%	66.5%	68.07%	68.79%	69.38%	72.8%	79.71%	84.52%	102.83%	120.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$49.20M	$44.41M	$80.64M	$69.80M	$63.40M	$58.70M	$55.20M	$34.90M	$23.30M	$15.00M	$11.50M	$7.700M	$8.400M
YoY Change	10.79%	-44.93%	15.53%	10.09%	8.01%	6.34%	58.17%	49.79%	55.33%	30.43%	49.35%	-8.33%
% of Gross Profit	5.29%	5.36%	13.68%	13.69%	14.58%	15.8%	17.04%	13.82%	12.37%	10.71%	10.48%	10.4%	14.69%
Operating Expenses	$561.6M	$482.4M	$364.6M	$319.6M	$289.2M	$253.0M	$222.9M	$175.1M	$137.1M	$111.6M	$92.70M	$76.14M	$72.70M
YoY Change	16.42%	32.32%	14.08%	10.52%	14.31%	13.48%	27.27%	27.77%	22.8%	20.42%	21.75%	4.73%
Operating Profit	$369.1M	$345.4M	$187.9M	$161.9M	$121.2M	$93.22M	$74.27M	$66.05M	$44.95M	$25.59M	$13.08M	-$1.896M	-$15.50M
YoY Change	6.86%	83.85%	16.07%	33.6%	29.98%	25.52%	12.44%	46.93%	75.69%	95.64%	-789.77%	-87.77%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	$37.00M	$41.57M	$32.84M	$30.29M	$28.10M	$20.50M	$17.38M	$6.177M	$3.738M	$3.166M	$2.257M	$1.979M	-$7.000M
YoY Change	-11.0%	26.59%	8.42%	7.78%	37.12%	17.92%	181.38%	65.25%	18.07%	40.27%	14.05%	-128.27%
% of Operating Profit	10.02%	12.04%	17.48%	18.71%	23.2%	21.99%	23.4%	9.35%	8.32%	12.37%	17.26%
Other Income/Expense, Net	$1.000M	-$530.0K	$437.0K	-$399.0K	-$451.0K	-$535.0K	-$1.065M	-$263.0K	-$3.022M	-$2.999M	-$2.224M	-$1.843M	-$200.0K
YoY Change	-288.68%	-221.28%	-209.52%	-11.53%	-15.7%	-49.77%	304.94%	-91.3%	0.77%	34.85%	20.67%	821.5%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	$333.1M	$303.3M	$155.5M	$131.2M	$92.61M	$72.19M	$55.82M	$59.61M	$41.93M	$22.59M	$10.85M	-$3.739M	-$5.700M
YoY Change	9.82%	95.08%	18.52%	41.65%	28.29%	29.32%	-6.36%	42.17%	85.64%	108.1%	-390.29%	-34.4%
Income Tax	$89.40M	$79.88M	$36.71M	$33.94M	$24.45M	$17.44M	$14.68M	$21.17M	$15.41M	$8.607M	$4.216M	$555.0K	$1.400M
% Of Pretax Income	26.84%	26.34%	23.61%	25.87%	26.4%	24.16%	26.3%	35.52%	36.76%	38.11%	38.84%
Net Earnings	$243.7M	$223.4M	$118.8M	$97.24M	$68.16M	$54.75M	$41.14M	$38.44M	$26.52M	$13.93M	$6.040M	-$1.906M	-$9.000M
YoY Change	9.07%	88.13%	22.14%	42.66%	24.5%	33.08%	7.04%	44.95%	90.33%	130.66%	-416.89%	-78.82%
Net Earnings / Revenue	8.77%	8.37%	6.03%	5.88%	4.51%	4.1%	3.63%	4.45%	4.0%	2.69%	1.4%	-0.63%	-3.78%
Basic Earnings Per Share	$8.65	$7.78	$4.04	$3.30	$2.29	$1.76	$1.30	$1.23
Diluted Earnings Per Share	$8.61	$7.74	$4.01	$3.27	$2.28	$1.75	$1.30	$1.23	$846.6K	$461.8K	$272.7K	-$93.14K	-$461.5K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$386.5M	$229.6M	$333.5M	$231.5M	$215.9M	$100.5M	$92.60M	$14.50M	$6.800M	$10.80M	$4.100M	$3.900M	$2.500M
YoY Change	68.32%	-31.14%	44.05%	7.23%	114.83%	8.53%	538.62%	113.24%	-37.04%	163.41%	5.13%	56.0%
Cash & Equivalents	$386.5M	$229.6M	$333.5M	$231.5M	$177.9M	$90.40M	$62.50M	$14.50M	$6.800M	$10.80M	$4.100M	$3.900M	$2.500M
Short-Term Investments				$0.00	$38.00M	$10.10M	$30.10M
Other Short-Term Assets	$97.40M	$51.50M	$37.35M	$24.30M	$24.80M	$20.70M	$33.30M	$9.200M	$10.90M	$12.30M	$12.80M	$8.300M	$6.700M
YoY Change	89.12%	37.9%	53.69%	-2.02%	19.81%	-37.84%	261.96%	-15.6%	-11.38%	-3.91%	54.22%	23.88%
Inventory	$162.8M	$176.6M	$143.0M	$77.20M	$74.60M	$61.20M	$48.30M	$40.20M	$29.30M	$24.00M	$19.70M	$16.70M	$12.30M
Prepaid Expenses
Receivables	$423.3M	$426.7M	$345.4M	$290.9M	$266.7M	$229.2M	$180.7M	$128.5M	$103.2M	$72.30M	$58.40M	$46.10M	$34.40M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$500.0K	$800.0K	$600.0K
Total Short-Term Assets	$1.070B	$884.4M	$859.3M	$623.9M	$581.9M	$411.5M	$354.9M	$192.4M	$150.2M	$119.3M	$95.50M	$75.80M	$56.60M
YoY Change	20.98%	2.92%	37.73%	7.22%	41.41%	15.95%	84.46%	28.1%	25.9%	24.92%	25.99%	33.92%
Property, Plant & Equipment	$215.3M	$194.9M	$175.8M	$157.8M	$152.1M	$90.10M	$81.10M	$67.80M	$57.60M	$39.40M	$29.50M	$17.90M	$8.200M
YoY Change	10.44%	10.89%	11.41%	3.75%	68.81%	11.1%	19.62%	17.71%	46.19%	33.56%	64.8%	118.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$28.50M	$42.55M	$31.14M	$17.70M	$16.20M	$10.20M	$9.300M	$8.500M	$8.000M	$4.400M	$3.400M	$2.900M	$1.800M
YoY Change	-33.01%	36.61%	75.95%	9.26%	58.82%	9.68%	9.41%	6.25%	81.82%	29.41%	17.24%	61.11%
Total Long-Term Assets	$911.3M	$894.5M	$793.9M	$563.8M	$517.6M	$423.2M	$383.8M	$269.7M	$223.4M	$114.9M	$95.60M	$85.00M	$70.90M
YoY Change	1.88%	12.68%	40.81%	8.93%	22.31%	10.27%	42.31%	20.73%	94.43%	20.19%	12.47%	19.89%
Total Assets	$1.981B	$1.779B	$1.653B	$1.188B	$1.100B	$834.7M	$738.7M	$462.1M	$373.6M	$234.2M	$191.1M	$160.8M	$127.5M
YoY Change
Accounts Payable	$158.6M	$149.2M	$132.7M	$101.5M	$98.90M	$96.90M	$87.40M	$67.90M	$50.90M	$46.60M	$40.10M	$34.30M	$26.80M
YoY Change	6.31%	12.42%	30.74%	2.63%	2.06%	10.87%	28.72%	33.4%	9.23%	16.21%	16.91%	27.99%
Accrued Expenses	$87.90M	$95.18M	$88.13M	$77.40M	$59.40M	$35.60M	$25.40M	$18.20M	$14.50M	$11.30M	$8.900M	$7.600M	$7.100M
YoY Change	-7.65%	8.0%	13.86%	30.3%	66.85%	40.16%	39.56%	25.52%	28.32%	26.97%	17.11%	7.04%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$34.90M	$33.49M	$32.59M	$25.40M	$26.90M	$27.40M	$22.30M	$24.10M	$18.40M	$11.20M	$7.900M	$4.000M	$1.800M
YoY Change	4.21%	2.78%	28.29%	-5.58%	-1.82%	22.87%	-7.47%	30.98%	64.29%	41.77%	97.5%	122.22%
Total Short-Term Liabilities	$346.4M	$328.1M	$307.6M	$236.5M	$214.1M	$181.7M	$159.8M	$130.1M	$97.40M	$76.60M	$64.40M	$52.80M	$38.10M
YoY Change	5.59%	6.66%	30.05%	10.46%	17.83%	13.7%	22.83%	33.57%	27.15%	18.94%	21.97%	38.58%
Long-Term Debt	$841.7M	$836.6M	$835.5M	$544.4M	$548.6M	$436.0M	$337.4M	$142.6M	$125.2M	$42.60M	$42.60M	$26.80M	$20.30M
YoY Change	0.61%	0.13%	53.47%	-0.77%	25.83%	29.22%	136.61%	13.9%	193.9%	0.0%	58.96%	32.02%
Other Long-Term Liabilities	$98.40M	$92.35M	$88.48M	$87.60M	$77.50M	$27.80M	$24.60M	$21.20M	$21.80M	$13.40M	$9.000M	$9.600M	$7.900M
YoY Change	6.56%	4.36%	1.01%	13.03%	178.78%	13.01%	16.04%	-2.75%	62.69%	48.89%	-6.25%	21.52%
Total Long-Term Liabilities	$940.1M	$928.9M	$924.0M	$632.0M	$626.1M	$463.8M	$362.0M	$163.8M	$147.0M	$56.00M	$51.60M	$36.40M	$28.20M
YoY Change	1.2%	0.53%	46.2%	0.94%	34.99%	28.12%	121.0%	11.43%	162.5%	8.53%	41.76%	29.08%
Total Liabilities	$1.311B	$1.285B	$1.236B	$868.5M	$849.4M	$652.2M	$528.2M	$308.1M	$259.1M	$142.3M	$125.7M	$101.4M	$77.50M
YoY Change	1.99%	3.97%	42.36%	2.25%	30.24%	23.48%	71.44%	18.91%	82.08%	13.21%	23.96%	30.84%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	28.16M shares	28.71M shares	29.37M shares	29.50M shares	29.75M shares	31.11M shares	31.64M shares	31.30M shares	31.30M shares	30.11M shares	22.03M shares
Diluted Shares Outstanding	28.31M shares	28.87M shares	29.63M shares	29.72M shares	29.87M shares	31.23M shares	31.76M shares	31.36M shares	31.33M shares	30.11M shares	22.03M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $6.2714 Billion

About Installed Building Products, Inc.

Installed Building Products, Inc. engages in the business of installing insulation for the residential new construction market. The company is headquartered in Columbus, Ohio and currently employs 10,600 full-time employees. The company went IPO on 2014-02-13. The company operates through three segments: Installation, Distribution and Manufacturing. Installation segment is engaged in the installation of various products in the residential new construction, repair and remodel and commercial construction end markets. Distribution segment sells insulation, gutters and accessories primarily to installers of these products who operate in multiple end markets. Manufacturing segment consists of its cellulose insulation manufacturing operations. The company offers a portfolio of services from a national network of 250 branch locations serving all 48 continental states and the District of Columbia.

Industry: General Bldg Contractors - Residential Bldgs Peers: CAVCO INDUSTRIES INC. Meritage Homes CORP HORTON D R INC /DE/ KB HOME LGI Homes, Inc. M.D.C. HOLDINGS, INC. Champion Homes, Inc. Taylor Morrison Home Corp Toll Brothers, Inc. Tri Pointe Homes, Inc.