Installed Building Products, Inc. (IBP) Stock Analysis
IBP is a high-quality, cash-generative building-products roll-up facing cyclical housing pressure but supported by structural energy-efficiency demand, disciplined acquisitions, and a rare independent national installer position.
Overview
Installed Building Products is a leading U.S. installer of insulation and complementary building products, with 92% of revenue from installation services and a nationwide network of roughly 250 branches. Residential new construction drives about 72% of sales, but commercial and repair/remodel channels add diversification. Builders choose IBP for reliability, labor scale, scheduling certainty, and bundled product offerings. Insulation remains the core category at 58% of sales, while gutters, garage doors, closets, mirrors, shower doors, waterproofing, and fire-stopping expand wallet share.