Installed Building Products Analysis in December (2025)

Installed Building P...

NYSE:IBP

$ 258,94

$-5,92 (-2,24%)

258,94 $

$-5,92 (-2,24%)

End-of-day quote: 12/17/2025

Installed Building Products Stock Value

Analysts currently give NYSE:IBP a rating of Hold.

Hold

Installed Building Products Company Info

EPS Growth 5Y

27,42%

Market Cap

$7,14 B

Long-Term Debt

$0,84 B

Short Interest

4,94%

Annual earnings

02/26/2026

Dividend

$3,11

Dividend Yield

1,20%

Founded

1977

Industry

Consumer Discretionary

Country

United States

ISIN Number

US45780R1014

Website

http://www.installedbuildingproducts.com

Analyst Price Target

$252,00

-2.68%

Last Update: 12/17/2025

Analysts: 13

Highest Price Target $290,00

Average Price Target $252,00

Lowest Price Target $203,00

In the last five quarters, Installed Building Products’s Price Target has fallen from $235,59 to $231,00 - a -1,95% decrease. Twelve analysts predict that Installed Building Products’s share price will fall in the coming year, reaching $252,00. This would represent a decrease of -2,68%.

Top growth stocks in the consumer discretionary sector (5Y.)

What does Installed Building Products do?

Installed Building Products, Inc. (‘IBP’) and its wholly-owned subsidiaries primarily install insulation for residential and commercial builders located in the continental United States. The company is also a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving, mirrors, and other products. The company offers its portfolio of services from its national network of v...

Installed Building Products, Inc. (‘IBP’) and its wholly-owned subsidiaries primarily install insulation for residential and commercial builders located in the continental United States.

The company is also a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving, mirrors, and other products. The company offers its portfolio of services from its national network of various branch locations serving all 48 continental states and the District of Columbia. In addition, regional distribution operations serve the Midwest, Mountain West, Northeast, and Mid-Atlantic regions of the United States, and it operates a cellulose manufacturing facility.

Segment

The company operates through three segments: Installation, Distribution, and Manufacturing.

Installation Operating segment

Substantially all of the company’s Installation segment sales are derived from the service-based installation of various products in the residential new construction, repair and remodel, and commercial construction end markets from its national network of branch locations.

The company manages all aspects of the installation process for its customers, from its direct purchase and receipt of materials from national manufacturers to its timely supply of materials to job sites and quality installation. Installation of insulation is a critical phase in the construction process, as certain interior work cannot begin until the insulation phase passes inspection.

The company’s business model is differentiated and creates value by streamlining the typical value chain. In a typical building products value chain, manufacturers rely on multiple distributors to purchase products. Distributors serve multiple wholesale and retail accounts, which in turn sell to local contractors that perform the installation. The company buys most of the products that it uses in its business directly from manufacturers, which are delivered to its local installation operations.

Insulation

The company provides energy efficiency solutions to its customers through its primary line of business of installing insulation. It handles every stage of the installation process, including material procurement, project scheduling and logistics, multi-phase professional installation, quality inspection, waste management, and recycling.

Insulation Materials

The company offers a wide range of insulation materials consisting of:

Fiberglass and Cellulose Insulation – Fiberglass insulation is made of fibrous glass that is held together by a thermoset resin, creating insulating air pockets. It typically consists of an average of 50% recycled material, with some products containing up to 80% recycled material. It is primarily available in two forms: batts (also referred to as blankets) and loosefill (also referred to as blown in). Fiberglass is the most widely used residential insulation material in the United States. Cellulose insulation is made primarily of waste paper and cardboard and has a composition of at least 75% recycled content. Cellulose is only available in loosefill form and is blown into the structure with specialized equipment. Fiberglass and cellulose insulation accounted for approximately 84% of its insulation installation sales for the year ended December 31, 2024.

Spray Foam Insulation – Spray foam insulation, which is generally a polyurethane foam, is applied at a job site by mixing two chemical components together in specialized application equipment. While typically having the highest insulating value per inch and sealing effectiveness of all insulation materials that the company offers, spray foam is also typically the most expensive on an installed basis. Spray foam insulation accounted for approximately 16% of its insulation installation sales for the year ended December 31, 2024.

Insulation Installation Applications

Local building codes typically require the installation of insulation in multiple areas of a structure. Each of these areas is frequently referred to as a phase of the insulation installation process and requires a separate trip to the job site by its installers at different points in the construction of a structure. Building practice and the inspection process differ geographically and require the company’s involvement at different times during the construction process. The company assists the builders with coordinating inspections. It installs insulation and sealant materials in many areas of a structure, including:

Basement and Crawl Space – These spaces often account for the second most energy loss in a residential structure.

Building Envelope – The company insulates the exterior walls of both residential and commercial structures by applying insulation on the wall or between the studs.

Attic – It insulates the attics of new and existing residential structures. The attic is the area where the most energy may be lost in a home.

Acoustical – Many builder or architect specifications call for acoustical insulation for sound reduction purposes in both residential and commercial structures. This product is generally installed in the interior walls to minimize sound transmission.

In each of these applications, the company typically uses fiberglass batts, except in attic installations where it typically installs loosefill fiberglass or cellulose. It also installs a wide variety of advanced caulk and sealant products that control air infiltration in residential and commercial buildings to enhance energy efficiency, improve comfort, and meet increasingly stringent energy code requirements.

Shower Doors, Closet Shelving, and Mirrors

Some of the company’s locations install a variety of shower enclosures, ranging from basic sliding door designs to complex custom designs. The company has the ability to meet its customers’ diverse needs by customizing shower enclosures by size and style according to their specifications, including framing, hardware, and glass options. It designs and installs closet shelving systems in select markets utilizing some of the highest quality products available from national brands. The company also offers standard and custom-designed mirrors for its customers. Shower doors, closet shelving, and mirror installations consisted of approximately 7% of the company’s net revenue for the year ended December 31, 2024.

Garage Doors

Some of the company’s locations install and service garage doors and openers for new residential construction builders, homeowners, and commercial customers. The company offers a variety of options from some of the best-known garage door brands, including steel, aluminum, wood, and vinyl garage doors, as well as opener systems. Unlike the other products it installs, the garage door business has an ongoing aftermarket service component, which represented approximately 20% of the net revenue resulting from garage doors for the year ended December 31, 2024. The installation and service of garage doors consisted of approximately 6% of its net revenue for the year ended December 31, 2024.

Waterproofing

Some of the company’s locations install waterproofing, caulking, and moisture protection systems for commercial and industrial construction projects. The company offers a variety of waterproofing options, including but not limited to, sheet and hot applied waterproofing membranes, deck coating systems, bentonite systems, and air & vapor systems. The installation and service of waterproofing consisted of approximately 5% of its net revenue for the year ended December 31, 2024.

Rain Gutters

Some of the company’s locations install a wide range of rain gutters, which direct water from a home’s roof away from the structure and foundation. Rain gutters are typically constructed from aluminum or copper and are available in a wide variety of colors, shapes, and widths. They are generally assembled on the job site using specialized equipment. The installation of rain gutters consisted of approximately 4% of its net revenue for the year ended December 31, 2024.

Fire-Stopping and Fireproofing

Some of the company’s locations install fire-stopping systems, including fire-rated joint assemblies, perimeter fire containment, and smoke and fire containment systems. Fire-stopping is a passive fire protection approach that relies on compartmentalization of various building components, including fire-rated walls, joints, and floors. The installation of these products collectively consisted of approximately 3% of the company’s net revenue for the year ended December 31, 2024.

Window Blinds

Some of the company’s locations install different types of window blinds, including cordless blinds, shades, and shutters. The installation of window blinds consisted of approximately 3% of its net revenue for the year ended December 31, 2024.

Other Building Products

Some of the company’s locations install other complementary building products, none of which is an individually significant percentage of net revenue. The installation of other building products consisted of approximately 6% of its net revenue for the year ended December 31, 2024.

Distribution Operating segment

The company has three businesses that comprise its distribution platform. AMD Distribution, Inc. (‘AMD’) is headquartered in Spring Valley, Minnesota, and has eight locations, including distribution centers and bonded warehouses. These locations service several states throughout the Midwest and Mountain West. AMD distributes products and materials purchased wholesale from manufacturers, such as spray foam insulation, metal building insulation, residential insulation, and mechanical and fabricated Styrofoam insulation. AMD sells to a diverse group of independent contractors of various sizes working on projects in the residential, commercial, and agricultural markets. AMD is also a distributor of accessories and equipment used throughout the insulation installation process.

Central Aluminum Supply Corporation and Central Aluminum Supply of North Jersey, LLC (‘CAS’) is a distributor of gutter supplies and accessories headquartered in Trenton, New Jersey. CAS has five locations that primarily sell to high-volume gutter installers and independent contractors in residential, multi-family, and commercial markets. The products are primarily used in existing or retrofit construction projects across the Northeast and Mid-Atlantic regions. CAS purchases the majority of its finished painted aluminum from one supplier and is subject to the commodity pricing of aluminum metal.

The company’s third distribution business is the recently acquired Insulation Supplies, which is headquartered in New Hope, Minnesota. Insulation Supplies distributes various insulation products, including equipment and machines, and services several states throughout the Midwest.

The company’s Distribution segment consisted of approximately 5% of its net revenue for the year ended December 31, 2024.

Manufacturing Operating segment

The company’s manufacturing operation, Advanced Fiber Technology (‘AFT’), operates in Bucyrus, Ohio, producing cellulose insulation and specialty industrial fibers. AFT's primary product, cellulose insulation, consists primarily of wastepaper and helps reduce greenhouse emissions by reducing the wastepaper decomposing in landfills, which releases methane and carbon dioxide gases. AFT sells its products to a wide range of customers, including distributors, retailers, and insulation contractors. AFT expanded production to include a second cellulose insulation manufacturing line in 2024.

This segment consisted of approximately 1% of the company’s net revenue for the year ended December 31, 2024.

Sales and Marketing

The company’s strategy is centered on building and maintaining strong customer relationships. It also capitalizes on cross-selling opportunities from existing customer relationships and identifying situations where customers may benefit from more than one of its installation service offerings.

As of December 31, 2024, the company employed approximately 800 sales professionals, and its sales force has spent an average of approximately eleven years with its operations. The local sales staff, which is generally led by the branch manager, is responsible for maintaining relationships with its customers. These local teams work diligently to increase sales by supporting its existing customers with excellent service and value while also pursuing new customers with competitive offerings. In addition to the efforts of the company’s sales staff, it markets its product and service offerings on the internet, in the local yellow pages, on the radio, and through advertisements in trade journals. The company primarily conducts its marketing using local trademarks and trade names.

Business Strategy

Product and end market diversification has been a primary strategic initiative throughout the company’s history. In addition to acquisition and local market share growth, the company typically experiences an increased rate of product and end market diversification during periods of reduced demand growth rates in the residential end market. As such, the company’s oldest and most established branches tend to exhibit the greatest diversity of service and product offerings. This diversity, in turn, contributes to enhanced profitability compared to branches in its newer, less developed markets.

Customers

The company serves a broad group of national, regional, and local homebuilders, multi-family and commercial construction firms, individual homeowners, and repair and remodeling contractors. The company’s top ten customers, which are primarily a combination of national and regional builders, accounted for approximately 15% of net revenue for the year ended December 31, 2024. The company installs a variety of products in multiple markets for its largest customers, further diversifying its relationship with them. For example, the company’s largest customer is independently serviced by various different branches nationwide despite representing approximately 4% of net revenue for the year ended December 31, 2024. While the company’s largest customers are homebuilders, its customer base is also diverse. It works on a range of commercial projects, including office buildings, airports, sports complexes, museums, hospitals, hotels, and educational facilities. Of the company’s top 20 customers, 18 represent homebuilders, and two represent commercial customers. The company has long-term relationships with many of its customers.

Seasonality

The company typically has higher sales during the second half of the year (year ended December 31, 2024), as its homebuilder customers complete construction of homes placed under contract for sale in the traditionally stronger spring selling season. In addition, some of the company’s larger branches operate in states impacted by winter weather and, as such, experience a slowdown in construction activity during the first quarter of the calendar year. This winter slowdown contributes to traditionally lower sales and profitability in its first quarter.

Intellectual Property

The company maintains registered trademarks and trade names, some of which are the trademarks and trade names under which many of the company’s local branches operate, and it owns or has licensed rights to use jobCORE and other software used in the operation of its business.

Environmental, Social, and Regulatory Matters

The company’s transportation operations are subject to the regulatory jurisdiction of the U.S. Department of Transportation (‘DOT’), which has broad administrative powers. The company is also subject to safety requirements governing interstate operations prescribed by the DOT.

The company’s operations are also subject to the regulatory jurisdiction of the U.S. Department of Labor’s Occupational Safety and Health Administration (‘OSHA’), which has broad administrative powers regarding workplace and jobsite safety.

History

Installed Building Products, Inc., a Delaware corporation, was founded in 1977. The company was incorporated in 2011.

Installed Building Products Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Industry Revenue Breakdown: Residential construction: approx. 65% Commercial construction: approx. 25% Other: approx. 10% TOP 3 Markets and their Percentage Shares: USA: approx. 85% Canada: approx. 10% Other international markets: approx. 5% Installed Building Products, Inc. generates the majori...

At which locations are the company’s products manufactured?

Production Sites: No specific production facilities, as the focus is on services Installed Building Products, Inc. (IBP) is primarily a service company specializing in the installation of insulations and other building products. The company does not produce its own products, but sources materials fr...

What strategy does Installed Building Products pursue for future growth?

Revenue Growth: 10.5% (2024, estimated) Profit Growth: 8.2% (2024, estimated) Installed Building Products, Inc. pursues a growth strategy that heavily relies on acquisitions and geographical expansion. In recent years, the company has consistently acquired smaller businesses to expand its market pre...

Which raw materials are imported and from which countries?

Main raw materials: Insulating materials, drywall products, roofing materials Countries of origin: USA, Canada, China Installed Building Products, Inc. (IBP) sources a variety of raw materials and materials necessary for their construction and insulation services. The main raw materials include insu...

How strong is the company’s competitive advantage?

Market share: 8% (estimated for 2025) EBITDA margin: 13.5% (2024) Return on Equity (ROE): 25% (2024) Installed Building Products, Inc. (IBP) has a significant competitive advantage due to its strong market position and its ability to consistently achieve high margins. With an estimated market shar...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: approximately 90% (estimated, based on historical data from 2023) Insider Purchases/Sales: No significant transactions in recent months (estimated, based on typical reports) The institutional investor share at Installed Building Products, Inc. is traditionally high, ind...

What percentage market share does Installed Building Products have?

Market share of Installed Building Products, Inc. (IBP): Estimate 10% (2025) Top competitors and their market shares: TopBuild Corp.: Estimate 12% (2025) Masco Corporation: Estimate 8% (2025) Owens Corning: Estimate 7% (2025) Kingspan Group: Estimate 6% (2025) Saint-Gobain: Estimate 5% (2025) Inst...

Is Installed Building Products stock currently a good investment?

Revenue Growth: 10.5% (estimated for 2025) Profit Growth: 9.8% (estimated for 2025) Market Share: Leading in the building products installation industry Installed Building Products, Inc. (IBP) has established itself as one of the leading providers in the building products installation industry. The...

Does Installed Building Products pay a dividend – and how reliable is the payout?

Dividend Yield: 1.3% (2025, estimated) Dividend History: Continuous payout since 2014 Installed Building Products, Inc. (NYSE:IBP) pays a dividend, and the current dividend yield is estimated to be around 1.3%. The company has been regularly distributing dividends since 2014, indicating a certain...

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Installed Building Products Stock Value

Installed Building Products Company Info

Analyst Price Target

Top growth stocks in the consumer discretionary sector (5Y.)

What does Installed Building Products do?

Installed Building Products Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal