Installed Building Products (IBP)


Market Price (9/1/2026): $239.77 | Market Cap: $6.4 BilSector: Consumer Discretionary | Industry: Homebuilding

Installed Building Products (IBP)


Market Price (9/1/2026): $239.77
Market Cap: $6.4 Bil
Sector: Consumer Discretionary
Industry: Homebuilding

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.3%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%

Megatrend and thematic drivers
Megatrends include Sustainable & Green Buildings, Sustainable Resource Management, and Electrification of Everything. Themes include Energy Efficient Building Materials, Show more.

Key risks
IBP key risks include [1] its vulnerability to a company-anticipated decline in 2025 housing starts and [2] an inability to pass rising labor and material costs to customers due to intense competition.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.3%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%
2 Megatrend and thematic drivers
Megatrends include Sustainable & Green Buildings, Sustainable Resource Management, and Electrification of Everything. Themes include Energy Efficient Building Materials, Show more.
3 Key risks
IBP key risks include [1] its vulnerability to a company-anticipated decline in 2025 housing starts and [2] an inability to pass rising labor and material costs to customers due to intense competition.

IBP in ETFs

Weight = IBP's share of each fund

VTI0.01%
ITOT0.01%
IWM0.18%
IJR0.30%
VYM0.02%
VB0.06%
SLYG0.61%
IJT0.60%
+13 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/31/2026

Installed Building Products (IBP) stock has gained about 15% since 5/31/2026 because of the following key factors:

1. Installed Building Products (IBP) reported strong fiscal Q2 2026 financial results on August 6, 2026, surpassing analyst expectations for both earnings and revenue. The company posted diluted earnings per share (EPS) of $2.91, beating the consensus estimate of $2.55 by $0.36. Net revenue increased 2.3% year-over-year to $777.80 million, exceeding analyst estimates of $743.33 million. This performance was largely driven by robust growth in the commercial installation market, which saw double-digit sales growth for the fifth consecutive quarter, and a 50.4% increase in the "Other" segment revenue (manufacturing and distribution) to $67.1 million.

2. The company's strategic acquisition activity continued to expand its revenue base and capabilities. During fiscal Q2 2026 and July 2026, IBP completed acquisitions contributing approximately $30 million in annual revenue. Year-to-date, IBP acquired approximately $59 million in revenue and aims to acquire at least $100 million in revenue for the full fiscal year 2026.

Show more
Updated on 8/31/2026

Installed Building Products (IBP) stock has gained about 15% since 5/31/2026 because of the following key factors:

1. Installed Building Products (IBP) reported strong fiscal Q2 2026 financial results on August 6, 2026, surpassing analyst expectations for both earnings and revenue. The company posted diluted earnings per share (EPS) of $2.91, beating the consensus estimate of $2.55 by $0.36. Net revenue increased 2.3% year-over-year to $777.80 million, exceeding analyst estimates of $743.33 million. This performance was largely driven by robust growth in the commercial installation market, which saw double-digit sales growth for the fifth consecutive quarter, and a 50.4% increase in the "Other" segment revenue (manufacturing and distribution) to $67.1 million.

2. The company's strategic acquisition activity continued to expand its revenue base and capabilities. During fiscal Q2 2026 and July 2026, IBP completed acquisitions contributing approximately $30 million in annual revenue. Year-to-date, IBP acquired approximately $59 million in revenue and aims to acquire at least $100 million in revenue for the full fiscal year 2026.

3. IBP demonstrated a commitment to shareholder returns through significant share repurchases and an increased dividend, backed by a healthy balance sheet. During fiscal Q2 2026, the company repurchased approximately 365,000 shares of its common stock at a total cost of $76.2 million. Furthermore, IBP's Board of Directors approved a quarterly cash dividend of $0.39 per share for the third quarter, representing an over 5% increase from the prior year's third-quarter payment. The company maintained a strong balance sheet with a net debt to adjusted EBITDA leverage of 1.34x, well below its 2x target.

4. A notable insider purchase by the Chief Financial Officer signaled strong confidence in the company's prospects. On June 11, 2026, CFO Michael Thomas Miller acquired 990 shares of IBP common stock at an average price of $200.62 per share, totaling $198,613.80. This increased his ownership to 34,209 shares, valued at approximately $6.86 million, indicating a significant commitment from company leadership.

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Stock Movement Drivers

Fundamental Drivers

The 15.9% change in IBP stock from 5/31/2026 to 8/31/2026 was primarily driven by a 17.0% change in the company's P/E Multiple.
(LTM values as of)53120268312026Change
Stock Price ($)209.58242.8315.9%
Change Contribution By: 
Total Revenues ($ Mil)2,9462,9640.6%
Net Income Margin (%)8.6%8.5%-2.2%
P/E Multiple22.025.817.0%
Shares Outstanding (Mil)27270.6%
Cumulative Contribution15.9%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 8/31/2026
ReturnCorrelation
IBP15.9% 
Market (SPY)1.4%36.0%
Sector (XLY)-3.5%48.8%

Fundamental Drivers

The -25.2% change in IBP stock from 2/28/2026 to 8/31/2026 was primarily driven by a -21.6% change in the company's P/E Multiple.
(LTM values as of)22820268312026Change
Stock Price ($)324.51242.83-25.2%
Change Contribution By: 
Total Revenues ($ Mil)2,9712,964-0.2%
Net Income Margin (%)8.9%8.5%-5.3%
P/E Multiple32.925.8-21.6%
Shares Outstanding (Mil)27271.0%
Cumulative Contribution-25.2%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 8/31/2026
ReturnCorrelation
IBP-25.2% 
Market (SPY)12.1%37.0%
Sector (XLY)-0.0%40.1%

Fundamental Drivers

The -6.1% change in IBP stock from 8/31/2025 to 8/31/2026 was primarily driven by a -8.7% change in the company's P/E Multiple.
(LTM values as of)83120258312026Change
Stock Price ($)258.52242.83-6.1%
Change Contribution By: 
Total Revenues ($ Mil)2,9562,9640.3%
Net Income Margin (%)8.5%8.5%0.0%
P/E Multiple28.325.8-8.7%
Shares Outstanding (Mil)27272.6%
Cumulative Contribution-6.1%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 8/31/2026
ReturnCorrelation
IBP-6.1% 
Market (SPY)19.9%31.6%
Sector (XLY)1.2%36.8%

Fundamental Drivers

The 75.5% change in IBP stock from 8/31/2023 to 8/31/2026 was primarily driven by a 59.2% change in the company's P/E Multiple.
(LTM values as of)83120238312026Change
Stock Price ($)138.40242.8375.5%
Change Contribution By: 
Total Revenues ($ Mil)2,7572,9647.5%
Net Income Margin (%)8.7%8.5%-3.1%
P/E Multiple16.225.859.2%
Shares Outstanding (Mil)28275.8%
Cumulative Contribution75.5%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 8/31/2026
ReturnCorrelation
IBP75.5% 
Market (SPY)76.3%39.8%
Sector (XLY)39.7%43.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
IBP Return38%-37%118%-3%51%-4%164%
Peers Return36%-26%78%-4%-23%-1%31%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
IBP Win Rate75%33%58%50%58%62% 
Peers Win Rate53%38%62%57%43%52% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
IBP Max Drawdown-24%-48%-32%-35%-24%-43% 
Peers Max Drawdown-24%-40%-25%-27%-40%-38% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: BLDR, OC, MAS, FBIN, ROCK. See IBP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/31/2026 (YTD)

How Low Can It Go

EventIBPS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-27.7%-9.5%
  % Gain to Breakeven38.3%10.5%
  Time to Breakeven35 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-46.2%-24.5%
  % Gain to Breakeven85.7%32.4%
  Time to Breakeven366 days427 days
2020 COVID-19 Crash
  % Loss-60.8%-33.7%
  % Gain to Breakeven154.9%50.9%
  Time to Breakeven120 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-22.1%-19.2%
  % Gain to Breakeven28.3%23.8%
  Time to Breakeven35 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-12.9%-3.7%
  % Gain to Breakeven14.8%3.9%
  Time to Breakeven13 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-35.5%-12.2%
  % Gain to Breakeven54.9%13.9%
  Time to Breakeven107 days62 days

Compare to BLDR, OC, MAS, FBIN, ROCK

In The Past

Installed Building Products's stock fell -8.8% during the 2025 US Tariff Shock. Such a loss loss requires a 9.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventIBPS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-27.7%-9.5%
  % Gain to Breakeven38.3%10.5%
  Time to Breakeven35 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-46.2%-24.5%
  % Gain to Breakeven85.7%32.4%
  Time to Breakeven366 days427 days
2020 COVID-19 Crash
  % Loss-60.8%-33.7%
  % Gain to Breakeven154.9%50.9%
  Time to Breakeven120 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-22.1%-19.2%
  % Gain to Breakeven28.3%23.8%
  Time to Breakeven35 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-35.5%-12.2%
  % Gain to Breakeven54.9%13.9%
  Time to Breakeven107 days62 days

Compare to BLDR, OC, MAS, FBIN, ROCK

In The Past

Installed Building Products's stock fell -8.8% during the 2025 US Tariff Shock. Such a loss loss requires a 9.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Installed Building Products (IBP)

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Installed Building Products (IBP) is a leading installer of various building products across the continental United States. The company's core business revolves around the installation of diverse insulation materials, including fiberglass, cellulose, and spray foam. These critical insulation services are applied in various areas of structures, such as basements, crawl spaces, building envelopes, attics, and for acoustical purposes, serving both residential and commercial projects.

Beyond its insulation expertise, IBP provides a comprehensive range of additional installation services. This includes sophisticated waterproofing options like sheet and hot applied membranes, deck coatings, and air and vapor systems. The company also specializes in installing fire-stopping and fireproofing materials, caulk and sealant products for air infiltration control, and a variety of finished products such as garage doors, rain gutters, window blinds, shower doors, closet shelving, and mirrors.

IBP serves a broad and diverse customer base through an extensive network of approximately 210 branch locations. Its primary customers include large homebuilders, multi-family and commercial construction firms, individual homeowners, and repair and remodeling contractors. This widespread operational presence and varied client portfolio establish IBP as a significant service provider in the construction and home improvement sectors.

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AI Analysis | Feedback

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  • IBP is like the Rollins (Orkin) of building product installations, offering a national network of specialized services for everything from insulation to garage doors.
  • IBP is like ABM Industries for construction projects, providing a wide range of essential building product installation services rather than facility maintenance.
  • IBP is like the ADP of construction installation, providing builders with a comprehensive, outsourced solution for a wide array of specialized product installations, from insulation to window blinds.
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AI Analysis | Feedback

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  • Insulation Installation: Installation of fiberglass, cellulose, and spray foam insulation materials in various structural areas like basements, attics, and building envelopes.
  • Waterproofing Installation: Installation of diverse waterproofing options including sheet, hot-applied membranes, deck coating, bentonite, and air/vapor systems.
  • Fire-stopping and Fireproofing Installation: Services for installing materials that prevent the spread of fire and enhance building fire resistance.
  • Caulk and Sealant Installation: Installation of caulk and sealant products specifically designed to control air infiltration in buildings.
  • Garage Door Installation: Installation services for garage doors.
  • Rain Gutter Installation: Installation services for rain gutters.
  • Window Blind Installation: Installation services for window blinds.
  • Shower Door Installation: Installation services for shower doors.
  • Closet Shelving and Mirror Installation: Installation services for closet shelving and mirrors.
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Jeffrey W. Edwards, President, Chief Executive Officer and Chairman

Jeffrey W. Edwards co-founded Installed Building Products (IBP) in 1993, leading its growth from a regional entity to a national force. He guided the company through its Initial Public Offering (IPO) on the New York Stock Exchange in 2014. With over 30 years of experience in the building products industry, Mr. Edwards has also served as an officer and strategist for several family-owned companies. These companies operated across various industries, including multi-family and student housing development and management, industrial tool distribution, wholesale building supply, homebuilding, land and real estate development, and real estate brokerage. He also serves as President of Edwards Companies, a privately held conglomerate involved in real estate development and construction.

Michael T. Miller, Executive Vice President, Chief Financial Officer and Director

Michael T. Miller has been with Installed Building Products since 2000, serving as its most senior financial officer and as Chief Financial Officer since 2013. He has also been a director of the company since 2004 or 2014 depending on the source. Prior to joining IBP, Mr. Miller held senior corporate investment banking roles at Huntington Capital Corp., and worked at Deutsche Bank, Canadian Imperial Bank of Commerce, and First Union National Bank. His experience includes serving on the board and audit committee of BMC Stock Holdings, Inc., a publicly traded diversified building products company.

Brad A. Wheeler, Chief Operating Officer

Brad A. Wheeler serves as the Chief Operating Officer of Installed Building Products. He joined the company in 2002 and has held various leadership roles, including President of the West Region and Executive Vice President of Operations. His background includes experience in operations management within the building products industry.

Jason R. Niswonger, Chief Administrative and Sustainability Officer

Jason R. Niswonger is the Chief Administrative and Sustainability Officer at Installed Building Products. He joined IBP in 2014 and previously served as the company's Chief Financial Officer from 2013 to 2021. His background includes extensive experience in finance and accounting.

W. Jeffrey Hire, President of External Affairs

W. Jeffrey Hire holds the position of President of External Affairs at Installed Building Products. He has been with the company since 2014, and his previous roles include Executive Vice President of National Accounts. His career has focused on sales, marketing, and business development within the building products industry.

AI Analysis | Feedback

Here are the key risks for Installed Building Products (IBP):

  1. Dependence on Economic and Housing Market Cycles: Installed Building Products' business is highly sensitive to general economic conditions, particularly the cyclical nature of the construction industry. Factors such as interest rate fluctuations, housing affordability, inflation, and overall economic instability can significantly impact demand for new construction and remodeling projects, which are key drivers of IBP's revenue. The company has recently experienced softness in the residential market and delays in the expected rebound for its multifamily business due to these market conditions.
  2. Labor and Supply Chain Risks: The company relies on the availability of skilled labor and various building products. Risks include challenges in attracting, training, and retaining qualified employees while controlling labor costs. Additionally, disruptions in the supply chain or increases in the cost of materials could adversely affect IBP's operations and financial performance.
  3. Intense Competition and Price Sensitivity: The insulation installation and complementary building products market is highly competitive and fragmented, with numerous national, regional, and local players. This intense competition necessitates continuous innovation, maintaining high service standards, and offering competitive pricing to retain and grow its customer base, which can pressure margins.

AI Analysis | Feedback

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Installed Building Products (IBP) operates in several addressable markets across the continental United States. The estimated market sizes for their main products and services are as follows:

  • Insulation: The U.S. insulation market was valued at approximately USD 13.52 billion in 2024 and is anticipated to reach USD 14.13 billion in 2025. Other estimates place the U.S. insulation market size at USD 12.92 billion in 2025 or USD 14.2 billion in 2025. The U.S. building insulation market is projected to reach USD 10.88 billion in 2024.
  • Waterproofing: The United States waterproofing market size was approximately USD 18.33 billion in 2024 and is projected to reach USD 19.21 billion in 2025. Another source estimates the U.S. waterproofing market to generate USD 14,700.1 million in revenue in 2024.
  • Fire-stopping and Fireproofing: The U.S. fire stopping materials market size was USD 480 million in 2024 and is projected to reach around USD 1,170 million by 2034. The U.S. market for fire stopping systems has a current size of approximately USD 0.6 billion. The North America fire stopping materials market size reached USD 580 million in 2023. The global fireproofing materials market was valued at USD 1.1 billion in 2023.
  • Garage Doors: The U.S. garage door manufacturing market size was USD 7.2 billion in 2024 and is projected to be USD 7.3 billion in 2025. The North America garage overhead doors market was valued at USD 3.93 billion in 2024 and USD 4.08 billion in 2025. U.S. demand for residential garage and commercial overhead doors is forecast to increase to USD 4.6 billion in 2026.
  • Rain Gutters: The U.S. gutter services industry generated USD 778.4 million in revenue in 2025. The North American region is the largest market for rain gutters, accounting for approximately 45% of the global market share. The global rain gutter market grew from USD 8.38 billion in 2024 to USD 8.81 billion in 2025.
  • Window Blinds: The United States Blinds Shades Market size is USD 5208.03 million in 2025. The North America blinds and shades market accounted for a share of 39.25% of the global revenue in 2024. The global curtains and window blinds market size was estimated at USD 24.9 billion in 2024 and is expected to grow to USD 26.6 billion in 2025.
  • Shower Doors: The U.S. shower glass door market was valued at USD 3.20 billion in 2020 and is estimated to reach USD 4.51 billion by 2026. Another report states the U.S. shower glass door market generated USD 3,188.3 million in 2019 and is expected to rise to USD 6,781.9 million by 2030. The U.S. shower enclosures market was valued at USD 3.80 billion in 2022. The North America Shower Glass Door Market Size was valued at USD 3.91 billion in 2022.
  • Closet Shelving and Mirrors: The U.S. home organizers and storage market size is valued at USD 12.05 billion in 2025. The overall market size for the closet organizers market was USD 4,033.3 million in 2025. The U.S. garage organization and storage market size was estimated at USD 3.46 billion in 2024.
  • Caulk and Sealant Products: The United States construction adhesives and sealants market size is estimated at USD 3.08 billion in 2024 and is expected to reach USD 3.85 billion by 2028. The U.S. construction silicone sealants market size was estimated at USD 288.1 million in 2025. The global building and construction sealants market size is accounted at USD 11.59 billion in 2025.

AI Analysis | Feedback

Installed Building Products (IBP) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

  1. Strategic Acquisitions: IBP consistently pursues a strategy of acquiring well-managed installers of insulation and complementary building products. The company aims to acquire at least $100 million in annual revenue each year. Recent acquisitions in late 2025 and early 2026 further demonstrate this ongoing growth driver.
  2. Expansion in Commercial and Multifamily Construction: Despite facing challenges in the single-family new residential market, IBP has experienced strong growth in its commercial and heavy commercial segments. The multifamily sector is also anticipated to rebound in the latter half of 2026, supported by increasing contract backlogs in crucial branches.
  3. Price/Mix Improvements: The company has demonstrated a consistent ability to achieve favorable price/mix increases, indicating successful pricing strategies and a shift towards higher-value products and services.
  4. Long-term Industry Tailwinds and Energy Efficiency: Management maintains a positive long-term outlook for its installed services. Additionally, anticipated long-term tailwinds from energy-efficiency legislation are expected to support growth in both the single-family and multifamily segments.
  5. Geographic Expansion and Product Diversification: Through strategic acquisitions, IBP not only adds to its revenue base but also expands its geographic footprint and diversifies its product and service offerings.

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1. Share Repurchases

  • Installed Building Products repurchased 850,000 shares of its common stock at a total cost of $172.6 million during the twelve months ended December 31, 2025.
  • The Board of Directors authorized a new stock repurchase program allowing for the repurchase of up to $500 million of outstanding common stock, effective through March 1, 2027.
  • In 2024, the company repurchased 565,000 shares for $118 million.

2. Share Issuance

  • No significant share issuance events (large dollar amounts by third parties) were identified for the last 3-5 years; shares outstanding have been consistently declining.

3. Inbound Investments

  • Installed Building Products successfully repriced its $500 million Term Loan B facility in November 2024, resulting in over $1 million in estimated annual cash interest expense savings.
  • In January 2026, the company issued $500 million of 5.625% Senior Unsecured Notes due 2034 and amended and increased its Asset-Based Lending (ABL) revolving credit facility to $375 million.

4. Outbound Investments

  • In 2025, Installed Building Products completed 11 acquisitions, including bolt-ons, representing over $64 million of annual revenue.
  • The company aims to acquire at least $100 million of annual revenue in 2026.
  • In 2024, Installed Building Products completed nine acquisitions, boosting revenue potential.

5. Capital Expenditures

  • Capital expenditures are estimated to be approximately 2% of revenue.
  • Discretionary spending for capital improvements is anticipated to approximate 2025 levels in 2026.

Better Bets vs. Installed Building Products (IBP)

Peer Outperformance in Homebuilding

IBP has outperformed 71% of its 17 Homebuilding peers over 5Y. Among the peers that beat it are GRBK, PHM and TOL. Homebuilding ranks 2nd of 23 industries in Consumer Discretionary by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Homebuilding constituents that IBP has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
47%
of 17 industry peers · -6.1% return
3Y
88%
of 17 industry peers · 73.6% return
5Y
71%
of 17 industry peers · 110.7% return
Homebuilding peers with revenue growth within 4pp of IBP's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
IBP Installed Building Products 2.5% 25.8x -6.1%73.6%110.7%
GRBK Green Brick Partners 4.1% 10.7x 3.4%42.5%181.6% +71pp
PHM PulteGroup -0.5% 12.5x -3.6%56.4%142.3% +32pp
TOL Toll Brothers 0.2% 11.2x 4.0%75.3%134.5% +24pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Homebuilding is IBP's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Education Services 14 -9.6%96.0%69.2% LINC 291% · CVSA 257% · PRDO 222%
Homebuilding ← 18 -4.8%16.9%42.0% GRBK 182% · PHM 142% · TOL 135%
Automotive Retail 18 -15.2%0.9%12.4% MUSA 242% · PAG 173% · ORLY 125%
Hotels, Resorts & Cruise Lines 22 14.1%44.7%11.6% RCL 236% · MAR 164% · HLT 156%
Home Improvement Retail 5 -19.0%-6.5%6.7% HD 14% · LOW 11% · HVT 7%
Specialty Stores 7 -5.2%24.4%3.4% FIVE 14% · DKS 10% · SIG 9%
Distributors 4 -9.4%-25.3%-8.5% ARMK 134% · GPC 27% · LKQ -44%
Restaurants 33 -5.7%-12.4%-9.8% EAT 327% · CAKE 162% · RAVE 143%
Specialized Consumer Services 10 -12.0%25.3%-13.9% HRB 133% · FTDR 85% · SCI 39%
Footwear 9 52.0%31.9%-16.0% WEYS 151% · DECK 26% · SHOO 21%
Home Furnishings 4 -7.8%15.9%-16.9% SGI 50% · LZB 1% · MHK -35%
Leisure Products 13 -18.3%-22.2%-30.6% GOLF 85% · HAS 16% · MCFT -12%
Leisure Facilities 11 1.2%-7.7%-35.4% OSW 145% · JAKK 94% · ESCA 9%
Apparel Retail 25 0.1%-0.4%-36.1% ANF 300% · DXLG 188% · URBN 139%
Automotive Parts & Equipment 38 -11.9%-11.1%-38.0% MOD 1348% · GTX 289% · STRT 89%
Apparel, Accessories & Luxury Goods 27 -4.3%-9.9%-40.1% TPR 246% · RL 223% · ELA 221%
Household Appliances 18 7.0%33.0%-41.9% KEQU 181% · FLXS 156% · HBB 111%
Casinos & Gaming 19 -15.3%-30.2%-49.1% MCRI 107% · RSI 75% · RRR 49%
Broadline Retail 15 6.4%12.5%-53.3% DDS 314% · AMZN 49% · EBAY 48%
Computer & Electronics Retail 3 -18.0%-0.2%-61.8% BBY -14% · UPBD -62% · GME -65%
Automobile Manufacturers 8 -64.9%-50.5%-70.6% GM 83% · TSLA 50% · F 45%
Other Specialty Retail 18 -32.3%-48.4%-78.9% TLF 109% · BBW 93% · WINA 90%
Consumer Electronics 11 -10.1%-15.7%-80.0% AXIL 2610% · GRMN 79% · TBCH -55%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

IBPBLDROCMASFBINROCKMedian
NameInstalle.Builders.Owens-Co.Masco Fortune .Gibralta. 
Mkt Price-------
Mkt Cap6.57.111.114.45.31.36.8
Rev LTM2,96414,4499,8477,6204,3921,4456,006
Op Inc LTM3684361,2281,343607110521
FCF LTM2926398971,12640043520
FCF 3Y Avg2861,1441,054989430109710
CFO LTM3608981,7521,29149671697
CFO 3Y Avg3621,5021,7701,160594136877

Growth & Margins

IBPBLDROCMASFBINROCKMedian
NameInstalle.Builders.Owens-Co.Masco Fortune .Gibralta. 
Rev Chg LTM0.3%-9.4%-7.2%-0.6%-2.3%35.8%-1.4%
Rev Chg 3Y Avg2.5%-8.0%2.6%-2.5%-0.9%5.8%0.8%
Rev Chg Q2.3%-8.8%0.3%-2.9%-4.1%64.6%-1.3%
QoQ Delta Rev Chg LTM0.6%-2.5%0.1%-0.8%-1.1%16.1%-0.3%
Op Inc Chg LTM-0.8%-64.5%-28.4%-0.1%-11.8%-23.1%-17.4%
Op Inc Chg 3Y Avg1.9%-41.9%-4.0%1.5%-5.5%-6.7%-4.8%
Op Mgn LTM12.4%3.0%12.5%17.6%13.8%7.6%12.4%
Op Mgn 3Y Avg12.8%7.5%15.4%17.5%14.8%11.3%13.8%
QoQ Delta Op Mgn LTM-0.3%-1.2%-0.5%0.9%1.1%0.4%0.1%
CFO/Rev LTM12.1%6.2%17.8%16.9%11.3%4.9%11.7%
CFO/Rev 3Y Avg12.4%9.3%19.1%15.0%13.0%12.9%12.9%
FCF/Rev LTM9.8%4.4%9.1%14.8%9.1%3.0%9.1%
FCF/Rev 3Y Avg9.8%7.1%11.5%12.8%9.4%10.5%10.2%

Valuation

IBPBLDROCMASFBINROCKMedian
NameInstalle.Builders.Owens-Co.Masco Fortune .Gibralta. 
Mkt Cap6.57.111.114.45.31.36.8
P/S2.20.51.11.91.20.91.2
P/Op Inc17.616.49.010.78.712.211.4
P/EBIT17.516.4221.910.718.012.216.9
P/E25.869.6-16.516.235.5-8.921.0
P/CFO18.08.06.311.110.718.910.9
Total Yield5.3%1.4%-3.9%8.0%5.1%-11.3%3.3%
Dividend Yield1.4%0.0%2.2%1.8%2.3%0.0%1.6%
FCF Yield 3Y Avg5.1%8.5%7.9%6.7%6.2%5.9%6.4%
D/E0.20.70.50.20.51.00.5
Net D/E0.10.70.50.20.51.00.5

Returns

IBPBLDROCMASFBINROCKMedian
NameInstalle.Builders.Owens-Co.Masco Fortune .Gibralta. 
1M Rtn-------
3M Rtn-------
6M Rtn-------
12M Rtn-------
3Y Rtn-------
1M Excs Rtn-------
3M Excs Rtn-------
6M Excs Rtn-------
12M Excs Rtn-------
3Y Excs Rtn-------

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Installation2,7642,7622,6062,5141,942
Other revenue25919718216229
Elimination of inter-segment revenue-51-18-9-6-2
Total2,9712,9412,7792,6701,969


Price Behavior

Price Behavior
Market Price$242.83 
Market Cap ($ Bil)6.5 
First Trading Date02/13/2014 
Distance from 52W High-28.7% 
   50 Days200 Days
DMA Price$232.61$260.48
DMA Trendindeterminateup
Distance from DMA4.4%-6.8%
 3M1YR
Volatility41.7%50.9%
Downside Capture68.49140.97
Upside Capture154.61104.00
Correlation (SPY)34.3%31.6%
IBP Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta1.391.101.071.571.261.24
Up Beta1.94-0.180.281.711.611.38
Down Beta1.132.231.951.241.120.78
Up Capture155%155%139%120%106%290%
Bmk +ve Days10213268138427
Stock +ve Days12223462118379
Down Capture32%111%71%186%125%108%
Bmk -ve Days11213259113324
Stock -ve Days9203065132371

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with IBP
IBP-6.7%50.7%0.05-
Sector ETF (XLY)0.2%19.4%-0.1136.8%
Equity (SPY)19.3%12.8%1.1131.6%
Gold (GLD)29.8%29.0%0.8917.2%
Commodities (DBC)41.3%20.4%1.58-26.0%
Real Estate (VNQ)9.2%13.7%0.4038.3%
Bitcoin (BTCUSD)-30.9%43.7%-0.7212.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with IBP
IBP16.7%46.2%0.49-
Sector ETF (XLY)6.2%24.1%0.2151.0%
Equity (SPY)12.9%17.2%0.5747.9%
Gold (GLD)19.4%18.7%0.8411.9%
Commodities (DBC)11.0%19.5%0.44-0.6%
Real Estate (VNQ)1.9%18.9%-0.0050.0%
Bitcoin (BTCUSD)9.5%52.7%0.3620.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with IBP
IBP24.2%49.0%0.63-
Sector ETF (XLY)12.2%22.2%0.5055.0%
Equity (SPY)15.2%17.9%0.7253.6%
Gold (GLD)12.3%16.3%0.6210.3%
Commodities (DBC)7.6%18.1%0.3412.4%
Real Estate (VNQ)4.9%20.7%0.2053.0%
Bitcoin (BTCUSD)63.4%66.2%1.0316.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity1.9 Mil
Short Interest: % Change Since 73120268.4%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest5.3 days
Basic Shares Quantity26.6 Mil
Short % of Basic Shares7.0%

Earnings Returns History

Updated 8/17/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/20260.2%0.6% 
5/7/2026-27.6%-31.1%-34.0%
2/26/20267.1%9.1%-11.2%
11/5/20253.3%9.0%12.7%
8/7/202520.5%28.7%29.4%
5/8/2025-0.9%-0.6%0.5%
2/27/2025-1.1%0.3%1.4%
11/7/2024-4.6%-8.8%-5.9%
...
SUMMARY STATS   
# Positive121411
# Negative131113
Median Positive3.3%6.8%10.6%
Median Negative-2.3%-7.3%-9.4%
Max Positive20.5%28.7%30.8%
Max Negative-27.6%-31.1%-34.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/20260.2%0.6% 
5/7/2026-27.6%-31.1%-34.0%
2/26/20267.1%9.1%-11.2%
11/5/20253.3%9.0%12.7%
8/7/202520.5%28.7%29.4%
5/8/2025-0.9%-0.6%0.5%
2/27/2025-1.1%0.3%1.4%
11/7/2024-4.6%-8.8%-5.9%
8/1/2024-12.7%-23.2%-18.6%
5/9/20242.1%0.6%-9.4%
2/22/202410.1%16.0%28.1%
11/8/2023-1.5%12.9%30.8%
8/2/20232.1%4.9%-3.1%
5/4/2023-8.6%-7.3%-7.2%
2/22/20237.3%10.7%2.8%
11/3/2022-2.3%-1.4%10.6%
8/4/20226.8%2.5%-9.1%
5/5/20222.3%-3.4%13.8%
2/24/2022-0.8%6.5%-6.5%
11/4/2021-1.6%-0.7%-0.6%
8/5/20213.3%7.1%5.2%
5/7/2021-7.5%-12.3%-13.5%
2/24/2021-8.6%-8.0%-13.7%
11/5/2020-1.7%-5.7%-9.9%
8/6/20200.4%4.4%5.8%
SUMMARY STATS   
# Positive121411
# Negative131113
Median Positive3.3%6.8%10.6%
Median Negative-2.3%-7.3%-9.4%
Max Positive20.5%28.7%30.8%
Max Negative-27.6%-31.1%-34.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202502/26/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/27/202510-K
09/30/202411/07/202410-Q
06/30/202408/01/202410-Q
03/31/202405/09/202410-Q
12/31/202302/22/202410-K
09/30/202311/08/202310-Q
06/30/202308/02/202310-Q
03/31/202305/04/202310-Q
12/31/202202/22/202310-K
09/30/202211/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202502/26/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/27/202510-K
09/30/202411/07/202410-Q
06/30/202408/01/202410-Q
03/31/202405/09/202410-Q
12/31/202302/22/202410-K
09/30/202311/08/202310-Q
06/30/202308/02/202310-Q
03/31/202305/04/202310-Q
12/31/202202/22/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q
12/31/202102/24/202210-K
09/30/202111/04/202110-Q
06/30/202108/05/202110-Q
03/31/202105/07/202110-Q
12/31/202002/24/202110-K
09/30/202011/05/202010-Q
06/30/202008/06/202010-Q
03/31/202005/08/202010-Q
12/31/201902/27/202010-K
09/30/201911/01/201910-Q

Recent Forward Guidance

Updated 8/7/2026

Latest: Q2 2026 Earnings Reported 8/6/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Acquired Annual Revenue 100.00 Mil    

Prior: Q1 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Dividends 0.39    

Q4 2025 Earnings Reported 2/26/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Acquired Annual Revenue 100.00 Mil 0 Same NewGuidance: 100.00 Mil for 2025

Q3 2025 Earnings Reported 11/5/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Dividends 0.37 0 AffirmedGuidance: 0.37 for Q3 2025
2025 Acquired Revenue 100.00 Mil   LoweredGuidance: 100.00 Mil for 2025

Insider Activity

Updated 6/15/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Miller, Michael ThomasExecutive VP & CFODirectBuy6152026200.62990198,6106,862,871Form
2Hilsheimer, Lawrence A DirectBuy5122026206.2247597,9525,870,529Form
3Niswonger, Jason RChief Admin. & SustainabilityDirectBuy5122026214.8045597,7343,677,806Form
4Miller, Michael ThomasExecutive VP & CFODirectBuy5122026207.822,400498,7716,903,615Form
5Wheeler, Brad AChief Operating OfficerDirectBuy5122026209.13716149,7373,134,440Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Miller, Michael ThomasExecutive VP & CFODirectBuy6152026200.62990198,6106,862,871Form
2Hilsheimer, Lawrence A DirectBuy5122026206.2247597,9525,870,529Form
3Niswonger, Jason RChief Admin. & SustainabilityDirectBuy5122026214.8045597,7343,677,806Form
4Miller, Michael ThomasExecutive VP & CFODirectBuy5122026207.822,400498,7716,903,615Form
5Wheeler, Brad AChief Operating OfficerDirectBuy5122026209.13716149,7373,134,440Form
6Jackson, Janet E DirectSell3112026293.311,410413,5671,575,955Form
7Carter, Margot Lebenberg DirectSell3112026299.312,000598,6202,218,785Form
8Edwards, Jeffrey WPresident, CEO and ChairmanSee footnoteSell3042026314.06400,000125,624,000542,638,835Form
9Thomas, Michael H DirectSell12012025268.282,001536,8322,246,324Form
10Hire, William JeffreyPresident of External AffairsDirectSell11102025251.635,0001,258,1438,303,492Form
11Wheeler, Brad AChief Operating OfficerDirectSell8272025275.293,186877,0742,404,933Form
12Jackson, Janet E DirectSell8262025266.001,469390,7541,828,218Form
13Hire, William JeffreyPresident of External AffairsDirectSell8152025265.716,5001,727,11610,096,723Form
14Fry, Todd RChief Accounting OfficerDirectSell8132025257.27500128,6351,755,096Form

Investor Activity (13F)

Updated Sep 1, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Timucuan Asset Management Inc/Fl$219.2 Mil8.1%28Hold13F
Active Manager
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Timucuan Asset Management Inc/Fl$219.2 Mil8.1%28Hold13F
Core Cache Last Updated: 8/31/2026