Installed Building Products Inc. (IBP) financial statements: income statement, balance sheet and cash flow
Installed Building Products Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Installed Building Products Inc. reported revenue of $3.0B (+1.0% year on year) and net income of $265.4M (+3.4% year on year).
Income statement
Installed Building Products Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net revenue
$3.0B
$2.9B
$2.8B
$2.7B
Cost of sales
$2.0B
$1.9B
$1.8B
$1.8B
Gross profit
$1.0B
$994.5M
$930.7M
$827.8M
Selling
$144.6M
$139.8M
$131.8M
$119.0M
Administrative
$437.2M
$424.8M
$385.3M
$335.7M
Asset impairment
$0
$4.9M
—
—
Amortization
$41.1M
$42.5M
$44.5M
$43.8M
Operating income
$386.4M
$382.5M
$369.1M
$345.4M
Interest expense, net
$31.7M
$36.9M
$37.0M
$41.6M
Other income
($2.3M)
($800.0K)
($1.0M)
$530.0K
Income before income taxes
$357.0M
$346.4M
$333.1M
$303.3M
Income tax provision
$91.6M
$89.8M
$89.4M
$79.9M
Net income
$265.4M
$256.6M
$243.7M
$223.4M
Net change in cash flow hedges, net of tax benefit (provision) of $5.0, $(0.6) and $2.5 for the years ended December 31, 2025, 2024 and 2023, respectively
($12.9M)
$1.3M
($6.9M)
$40.8M
Comprehensive income
$252.5M
$257.9M
$236.8M
$264.2M
Basic (in USD per share)
$9.76
$9.16
$8.65
$7.78
Diluted (in USD per share)
$9.71
$9.10
$8.61
$7.74
Basic (in shares)
27.2M
28.0M
28.2M
28.7M
Diluted (in shares)
27.3M
28.2M
28.3M
28.9M
Cash dividends declared per share (in USD per share)
$3.18
$3.00
$2.22
$2.16
Installed Building Products Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net revenue
$777.8M
$660.5M
$778.2M
$760.3M
Cost of sales
$518.9M
$448.2M
$514.0M
$500.4M
Gross profit
$258.9M
$212.3M
$264.2M
$259.9M
Selling
$36.6M
$34.0M
$36.2M
$35.7M
Administrative
$117.2M
$110.2M
$111.1M
$113.1M
Amortization
$10.5M
$10.5M
$10.1M
$10.1M
Operating income
$94.6M
$57.6M
$106.8M
$101.0M
Interest expense, net
$10.5M
$10.3M
$6.9M
$8.3M
Other (income)
($1.0M)
$200.0K
($400.0K)
($700.0K)
Income before income taxes
$85.1M
$47.1M
$100.3M
$93.4M
Income tax provision
$20.2M
$12.3M
$25.9M
$24.4M
Net income
$64.9M
$34.8M
$74.4M
$69.0M
Net change on cash flow hedges, net of tax (provision) benefit of $(0.3) and $1.4 for the three months ended June 30, 2026 and 2025, respectively, $(0.5) and $3.2 for the six months ended June 30, 2026 and 2025, respectively.
$1.0M
$300.0K
($2.2M)
($4.1M)
Comprehensive income
$65.9M
$35.1M
$72.2M
$64.9M
Basic (in USD per share)
$2.44
$1.30
$2.75
$2.53
Diluted (in USD per share)
$2.43
$1.29
$2.74
$2.52
Basic (in shares)
26.6M
26.8M
27.1M
27.3M
Diluted (in shares)
26.7M
27.0M
27.2M
27.4M
Cash dividends declared per share (in USD per share)
$0.39
$2.19
$0.37
$0.37
Balance sheet
Installed Building Products Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$321.9M
$327.6M
$386.5M
$229.6M
Accounts receivable (less allowance for credit losses of $13.9 and $10.7 at December 31, 2025 and 2024, respectively)
$444.1M
$433.9M
$423.3M
$397.2M
Inventories
$203.0M
$194.6M
$162.8M
$176.6M
Prepaid expenses and other current assets
$73.6M
$98.8M
$97.4M
$80.9M
Total current assets
$1.0B
$1.1B
$1.1B
$884.4M
Property and equipment, net
$183.3M
$174.8M
$137.2M
$118.8M
Operating lease right-of-use assets
$98.7M
$95.6M
$78.1M
$76.2M
Goodwill
$450.4M
$432.6M
$398.8M
$373.6M
Intangible assets
$261.5M
$270.5M
$268.7M
$283.5M
Other non-current assets
$31.5M
$31.5M
$28.5M
$42.5M
Total assets
$2.1B
$2.1B
$2.0B
$1.8B
Current maturities of long-term debt
$36.6M
$32.4M
$32.2M
$31.0M
Current maturities of operating lease obligations
$37.0M
$34.3M
$28.3M
$26.1M
Current maturities of finance lease obligations
$2.7M
$2.8M
$2.7M
$2.5M
Accounts payable
$119.0M
$146.6M
$158.6M
$149.2M
Accrued compensation
$69.5M
$66.4M
$59.6M
$51.6M
Other current liabilities
$79.4M
$76.5M
$65.0M
$67.6M
Total current liabilities
$344.2M
$359.0M
$346.4M
$328.1M
Long-term debt
$850.0M
$842.4M
$835.1M
$830.2M
Operating lease obligations
$61.4M
$61.0M
$49.9M
$49.8M
Finance lease obligations
$4.0M
$5.4M
$6.6M
$6.4M
Deferred income taxes
$24.7M
$26.3M
$24.5M
$28.5M
Other long-term liabilities
$73.8M
$60.5M
$48.5M
$42.6M
Total liabilities
$1.4B
$1.4B
$1.3B
$1.3B
Preferred Stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at December 31, 2025 and 2024, respectively
0
0
0
0
Common stock; $0.01 par value: 100,000,000 authorized, 33,837,379 and 33,713,662 issued and 26,975,227 and 27,758,491 shares outstanding at December 31, 2025 and 2024, respectively
300.0K
300.0K
—
—
Additional paid in capital
$284.1M
$261.3M
$244.7M
$228.8M
Retained earnings
$1.0B
$865.5M
$693.8M
$513.1M
Treasury stock; at cost: 6,862,152 and 5,955,171 shares at December 31, 2025 and 2024, respectively
-640.0M
-456.8M
-302.2M
-289.3M
Accumulated other comprehensive income
$22.1M
$35.0M
$33.7M
$40.6M
Total stockholders’ equity
$709.9M
$705.3M
$670.3M
$493.5M
Total liabilities and stockholders’ equity
$2.1B
$2.1B
$2.0B
$1.8B
Installed Building Products Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$394.5M
$474.3M
$333.3M
$305.2M
Accounts receivable (less allowance for credit losses of $15.1 and $13.9 at June 30, 2026 and December 31, 2025, respectively)
$469.6M
$426.4M
$448.3M
$447.6M
Inventories
$223.5M
$205.7M
$187.7M
$192.0M
Prepaid expenses and other current assets
$68.2M
$63.7M
$66.0M
$72.6M
Total current assets
$1.2B
$1.2B
$1.0B
$1.0B
Property and equipment, net
$196.4M
$191.0M
$184.7M
$177.4M
Operating lease right-of-use assets
$117.3M
$99.2M
$98.1M
$100.4M
Goodwill
$469.8M
$460.8M
$444.3M
$436.9M
Intangibles, net
$268.2M
$266.5M
$260.3M
$259.7M
Other non-current assets
$43.7M
$42.2M
$28.4M
$28.3M
Total assets
$2.3B
$2.2B
$2.1B
$2.0B
Current maturities of long-term debt
$34.7M
$35.6M
$34.8M
$33.3M
Current maturities of operating lease obligations
$42.0M
$38.1M
$36.9M
$36.1M
Current maturities of finance lease obligations
$4.3M
$3.6M
$2.8M
$2.8M
Accounts payable
$151.7M
$124.9M
$137.9M
$150.1M
Accrued compensation
$65.4M
$55.0M
$74.2M
$63.5M
Other current liabilities
$89.3M
$92.6M
$85.7M
$70.8M
Total current liabilities
$387.4M
$349.8M
$372.3M
$356.6M
Long-term debt
$1.0B
$1.0B
$846.0M
$842.8M
Operating lease obligations
$82.3M
$60.9M
$61.1M
$64.2M
Finance lease obligations
$6.4M
$7.0M
$3.7M
$4.2M
Deferred income taxes
$24.6M
$24.5M
$22.0M
$23.0M
Other long-term liabilities
$83.5M
$84.7M
$67.4M
$64.8M
Total liabilities
$1.6B
$1.6B
$1.4B
$1.4B
Preferred stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively
0
0
0
0
Common stock; $0.01 par value: 100,000,000 authorized, 33,941,274 and 33,837,379 issued and 26,579,168 and 26,975,227 shares outstanding at June 30, 2026 and December 31, 2025, respectively
300.0K
300.0K
300.0K
300.0K
Additional paid in capital
$297.8M
$291.3M
$280.1M
$275.4M
Retained earnings
$1.1B
$1.0B
$976.8M
$912.5M
Treasury stock; at cost: 7,362,106 and 6,862,152 shares at June 30, 2026 and December 31, 2025, respectively
-755.5M
-665.5M
-602.0M
-549.3M
Accumulated other comprehensive income
$23.4M
$22.4M
$23.4M
$25.6M
Total stockholders’ equity
$639.5M
$667.5M
$678.6M
$664.5M
Total liabilities and stockholders’ equity
$2.3B
$2.2B
$2.1B
$2.0B
Cash flow statement
Installed Building Products Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$265.4M
$256.6M
$243.7M
$223.4M
Depreciation and amortization of property and equipment
$66.2M
$59.1M
$52.2M
$47.3M
Amortization of operating lease right-of-use assets
$37.6M
$32.9M
$29.0M
$26.6M
Amortization of intangibles
$41.1M
$42.5M
$44.5M
$43.8M
Amortization of deferred financing costs and debt discount
$1.5M
$1.6M
$1.9M
$1.9M
Provision for credit losses
$8.1M
$6.0M
$6.3M
$4.1M
Write-off of debt issuance costs
$0
$1.5M
$900.0K
$0
Gain on sale of property and equipment
($1.6M)
($1.9M)
($1.9M)
($1.4M)
Noncash stock compensation
$21.5M
$19.4M
$15.9M
$13.8M
Asset impairment
$0
$4.9M
—
—
Deferred income taxes
$3.7M
$1.7M
$500.0K
$7.1M
Other, net
($12.1M)
($13.1M)
($12.2M)
($91.0K)
Accounts receivable
($13.7M)
($10.8M)
($25.1M)
($76.5M)
Inventories
($5.8M)
($26.3M)
$16.5M
($16.5M)
Other assets
$1.2M
($7.9M)
($11.0M)
($2.6M)
Accounts payable
($25.2M)
($18.8M)
$5.1M
$9.6M
Income taxes receivable/payable
$2.1M
$3.4M
($5.7M)
$3.2M
Other liabilities
($18.6M)
($10.8M)
($20.4M)
($15.2M)
Net cash provided by operating activities
$371.4M
$340.0M
$340.2M
$277.9M
Purchases of property and equipment
($70.6M)
($88.6M)
($61.6M)
($45.6M)
Acquisitions of businesses, net of cash acquired of $—, $— and $0.5 in 2025, 2024 and 2023, respectively
($51.5M)
($88.6M)
($59.6M)
($113.5M)
Proceeds from sale of property and equipment
$2.7M
$2.9M
$2.7M
$2.0M
Settlements with interest rate swap counterparties
$13.6M
$17.5M
$16.7M
—
Other, net
($6.2M)
($2.3M)
($1.6M)
($2.1M)
Net cash used in investing activities
($112.0M)
($159.1M)
($103.4M)
($158.7M)
Proceeds from term loan (Note 8)
$0
$186.0M
$0
$0
Payments on term loan (Note 8)
($5.0M)
($179.8M)
($5.0M)
($5.0M)
Proceeds from vehicle and equipment notes payable
$46.3M
$28.7M
$38.7M
$30.9M
Debt issuance costs
$0
($1.5M)
($500.0K)
($655.0K)
Principal payments on long-term debt
($31.2M)
($30.0M)
($29.5M)
($30.2M)
Principal payments on finance lease obligations
($3.1M)
($3.0M)
($2.9M)
($2.3M)
Acquisition-related obligations
($2.8M)
($2.2M)
($4.7M)
($11.2M)
Dividends paid
($87.6M)
($84.7M)
($63.1M)
($62.7M)
Repurchase of common stock
($172.6M)
($145.3M)
($6.3M)
($137.6M)
Surrender of common stock awards by employees
($9.1M)
($8.0M)
($6.6M)
($4.5M)
Net cash used in financing activities
($265.1M)
($239.8M)
($79.9M)
($223.1M)
Net change in cash and cash equivalents
($5.7M)
($58.9M)
$156.9M
($103.9M)
Cash and cash equivalents at beginning of period
$327.6M
$386.5M
$229.6M
$333.5M
Cash and cash equivalents at end of period
$321.9M
$327.6M
$386.5M
$229.6M
Interest
$41.0M
$43.7M
$42.5M
$40.3M
Income taxes, net of refunds
$82.1M
$83.6M
$92.5M
$69.1M
Right-of-use assets obtained in exchange for operating lease obligations
$40.7M
$49.4M
$30.7M
$32.7M
Property and equipment obtained in exchange for finance lease obligations
$1.9M
$2.0M
$3.3M
$6.2M
Seller obligations in connection with acquisition of businesses
$5.0M
$5.6M
$9.3M
$27.0M
Unpaid purchases of property and equipment included in accounts payable
$900.0K
$5.7M
$3.1M
$935.0K
Installed Building Products Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$99.7M
$34.8M
$188.8M
$114.4M
Depreciation and amortization of property and equipment
$35.3M
$17.5M
$49.2M
$32.7M
Amortization of operating lease right-of-use assets
$19.8M
$9.7M
$27.2M
$17.9M
Amortization of intangibles
$21.0M
$10.5M
$30.3M
$20.2M
Amortization of deferred financing costs and debt discount
$900.0K
$500.0K
$1.2M
$800.0K
Provision for credit losses
$3.9M
$1.7M
$6.1M
$4.0M
Write-off of debt issuance costs
$1.2M
$1.2M
$0
$0
Gain on sale of property and equipment
($200.0K)
($300.0K)
($1.1M)
($700.0K)
Non-cash stock compensation
$11.9M
$5.7M
$16.5M
$11.2M
Other, net
($3.5M)
($1.7M)
($9.0M)
($5.6M)
Accounts receivable
($24.1M)
$19.4M
($17.5M)
($16.4M)
Inventories
($19.5M)
($2.1M)
$8.5M
$3.0M
Other assets
$400.0K
$2.7M
$16.0M
$13.1M
Accounts payable
$30.4M
$4.1M
($9.1M)
$4.5M
Income taxes receivable/payable
$3.4M
$12.9M
$4.8M
$0
Other liabilities
($9.5M)
($14.3M)
($5.4M)
($16.6M)
Net cash provided by operating activities
$171.1M
$102.3M
$306.5M
$182.5M
Purchases of property and equipment
($33.5M)
($16.6M)
($55.0M)
($35.8M)
Acquisitions of businesses, net of cash acquired of $— in 2026 and 2025, respectively
($47.7M)
($28.8M)
($32.3M)
($11.3M)
Proceeds from sale of property and equipment
$800.0K
$500.0K
$1.9M
$1.2M
Settlements with interest rate swap counterparties
$0
$0
$10.4M
$6.9M
Other
($2.4M)
($400.0K)
($5.4M)
($4.2M)
Net cash used in investing activities
($82.8M)
($45.3M)
($80.4M)
($43.2M)
Proceeds from Senior Notes
$500.0M
$500.0M
—
—
Payments on Senior Notes
($300.0M)
($300.0M)
—
—
Payments on Term Loan
($2.5M)
($1.3M)
($3.8M)
($2.5M)
Proceeds from vehicle and equipment notes payable
$0
$0
$31.6M
$18.1M
Debt issuance costs
($9.1M)
($9.0M)
$0
$0
Principal payments on long-term debt
($16.3M)
($8.3M)
($22.7M)
($14.8M)
Principal payments on finance lease obligations
($1.9M)
($1.1M)
($2.2M)
($1.4M)
Dividends paid
($69.8M)
($58.7M)
($77.7M)
($67.7M)
Acquisition-related obligations
($1.3M)
($700.0K)
($1.6M)
($1.5M)
Repurchase of common stock
($101.7M)
($25.4M)
($134.9M)
($83.5M)
Surrender of common stock awards by employees
($13.1M)
($100.0K)
($9.1M)
($8.4M)
Net cash used in financing activities
($15.7M)
$95.4M
($220.4M)
($161.7M)
Net change in cash and cash equivalents
$72.6M
$152.4M
$5.7M
($22.4M)
Cash and cash equivalents at beginning of period
$321.9M
$321.9M
$327.6M
$327.6M
Cash and cash equivalents at end of period
$394.5M
$474.3M
$333.3M
$305.2M
Interest
$24.4M
$16.4M
$34.9M
$20.5M
Income taxes, net of refunds
$36.5M
($600.0K)
$57.7M
$36.6M
Right-of-use assets and leasehold improvements obtained in exchange for operating lease obligations
$43.3M
$10.2M
$29.8M
$22.9M
Property and equipment obtained in exchange for finance lease obligations
$6.0M
$5.0M
$600.0K
$300.0K
Seller obligations in connection with acquisition of businesses
$5.0M
$3.0M
$3.7M
$1.7M
Unpaid purchases of property and equipment included in accounts payable