Installed Building Products (IBP) Reports Record Net Income and Revenue Growth

By Chris Stiles • Thursday, February 26 12:25 • Permanent Link

Installed Building Products, Inc. (IBP) has reported its fourth-quarter and fiscal year 2025 results, with some noteworthy changes compared to the prior year period.

In the fourth quarter of 2025, IBP saw a 0.4% decrease in net revenue to $747.5 million. However, its net income increased by 14.5% to a record of $76.6 million. Adjusted EBITDA also increased by 7.7% to a record of $142.2 million.

The company's net income per diluted share increased by 18.4% to $2.83, and it reported adjusted net income of $87.7 million, or $3.24 per diluted share. Net cash flow from operations for the quarter was $64.9 million, and IBP had $321.9 million in cash and cash equivalents as of December 31, 2025.

In terms of acquisitions, IBP completed 11 acquisitions in 2025, representing over $64 million of annual revenue, and expects to acquire at least $100 million of annual revenue in 2026.

Looking at the full year 2025, IBP achieved a record net revenue of $3.0 billion, marking a 1.0% increase from the prior year. Its gross profit improved by 1.5% to a record $1.0 billion, while net income was $265.4 million, up from $256.6 million in the prior year.

EBITDA for the full year was a record $496.0 million, a 2.3% increase from the prior year, and adjusted EBITDA reached a record $518.5 million, a 1.4% increase from the prior year.

The company also declared a first-quarter regular cash dividend of $0.39 per share, representing more than a 5% increase from the prior year, as well as an annual variable dividend of $1.80 per share, an increase of $0.10 per share or nearly 6% over last year’s variable dividend.

IBP's board of directors authorized a new stock repurchase program that allows for the repurchase of up to $500 million of the company's outstanding common stock, replacing the existing program.

The company's CEO, Jeff Edwards, highlighted a strong fourth-quarter performance and emphasized a disciplined approach to profitability despite headwinds in core residential end markets. IBP continues to focus on strategic acquisitions and returning cash to shareholders.

Today the company's shares have moved -1.5% to a price of $309.70. If you want to know more, read the company's complete 8-K report here.

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