Installed Building Products Inc. Common Stock (IBP)

FairStock Score: 49/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable businesses purchased at a sensible price. Installed Building Products is a cyclical installer of insulation for residential and commercial builders, with 10,400 employees and three segments. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $777.8M, net income $64.9M, and diluted EPS $2.43. Compare that with fiscal Q2 2025, the quarter ended 2025-06-30, when revenue was $760.3M, net income $69.0M, and diluted EPS $2.52: sales grew slightly, but profit and per-share earnings slipped. For fiscal year 2025, the year ended 2025-12-31, revenue was $3.0B, net income $265.4M, and diluted EPS $9.71. Fiscal year 2024, the year ended 2024-12-31, had revenue $2.9B, net income $256.6M, and diluted EPS $9.10. Fiscal year 2023, the year ended 2023-12-31, had revenue $2.8B, net income $243.7M, and diluted EPS $8.61. The company is profitable and generated trailing free cash flow of $291.7M, a 5.8% FCF yield per FairStock. But the Lynch category is CYCLICAL — Residential Construction: earnings follow the economic cycle. Financial health is mixed: FairStock shows ROE 38.45%, ROCE 10.85%, D/E 1.87, Piotroski 7/9, and Altman Z-Score 3.42. At the 2026-10-13 close of $188.26, FairStock calculates P/E 20.31, P/B 7.78, Graham Number $70.84, margin of safety -165.75%, PEG 1.40, and EV/EBITDA 11.15. That is not a Graham bargain. I see a decent cash-generating operator, but flat revenue, cyclical demand, high leverage, and a rich price versus book value and Graham Number demand caution. FairStock Score 49/100.

In plain English: Installed Building Products installs insulation and related materials for homebuilders and commercial builders. The business is profitable and produces cash, but sales have been roughly flat and profits slipped in the latest reported quarter. At the recent price, the shares look expensive compared with the company's profits and underlying net worth.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer