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Installed Building Products (IBP) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Installed Building Products (IBP) Q3 2026 earnings results →
Q3 2026 Revenue up 4% year over year to $808M · 7¢ of every $1 of revenue kept as net profit · operating margin 11.3%
Installed Building Products made $808M in Q3 2026 (+4% Y/Y): Net revenue, Installation $738M, Waterproofing $50.7M, Window blinds $19.3M. Operating margin 11.3%, net earnings $59.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
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What changed this quarter
Revenue was $808.4M in Q3 2026, up 4% year over year and up 4% from the previous quarter. Insulation was the largest line at 54% of revenue. Other added $10.9M year over year (up 19%), 36% of the total change. Window blinds declined 6%.
Gross margin was 31.8%, down 2.1 points from Q3 2025. Operating profit was $91.7M, a 11.3% margin (down 2.4 points year over year). Operating profit fell $15.1M even though revenue rose $30.2M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 5% against revenue growth of 4%. Net earnings were $59.4M, down 20% year over year. The effective tax rate was 26.8%.
Operating cash flow was $74.8M (down 40% year over year), 126% of net earnings. Non-cash charges added back $18.3M of depreciation and amortization and $5.6M of share-based compensation. Working capital and other items used $8.5M. Capital expenditures of $16.5M left free cash flow of $58.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $808M | +4% | 11.3% | $59.4M | $74.8M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $778M | +2% | 12.2% | $64.9M | $68.8M |
| Q1 2026 | 10-Q | May 7, 2026 | $660M | -4% | 8.7% | $34.8M | $102M |
| Q4 2025 | 10-K | Feb 26, 2026 | $748M | -0.4% | 14.6% | $76.6M | $64.9M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $778M | +2% | 13.7% | $74.4M | $124M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $760M | +3% | 13.3% | $69.0M | $90.4M |
| Q1 2025 | 10-Q | May 8, 2025 | $685M | -1% | 10.2% | $45.4M | $92.1M |
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Customers and suppliers named in filings
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About Installed Building Products
Installed Building Products, Inc. (“IBP”) and its wholly-owned subsidiaries (collectively referred to as the “Company” and “we,” “us” and “our”) primarily install insulation for residential and commercial builders located in the continental United States. We are also a diversified installer of complementary building products including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products. We offer our portfolio of services from our national network of approximately 250 branch locations serving all 48 continental states and the District of Columbia. In addition, we have regional distribution operations that serve the Midwest, Mountain West, Northeast and Mid-Atlantic regions of the United States, and we operate multiple cellulose manufacturing facilities.
In its own words, from its 10-K, filed Feb 26, 2026.
Installed Building Products against its General Bldg Contractors - Residential Bldgs peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +4%. Operating margin: 11.3% against the peers' median 11.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| IBP Installed Building Products | Q3 2026 | $808M | +4% | 11.3% |
| LEN Lennar | Q3 FY26 | $8.0B | -9% | 5.7% |
| GEO GEO Group | Q3 2026 | $761M | +12% | 13.5% |
Source: Installed Building Products 10-Q on SEC EDGAR · CIK 1580905 · General Bldg Contractors - Residential Bldgs
Guidance and outlook
13F: who owns IBP and who is buying
More on IBP
- How Installed Building Products makes money: revenue by segment
- Installed Building Products next earnings date and what analysts expect
- Installed Building Products stock forecast, price target and fair value
- Who owns Installed Building Products stock: holders, funds and Congress trades
- Installed Building Products guidance and outlook
- Is Installed Building Products a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Installed Building Products gross margin by quarter
- Installed Building Products operating margin by quarter
- Installed Building Products net income by quarter
- Installed Building Products free cash flow by quarter
- Installed Building Products capital expenditures by quarter
- Installed Building Products Net revenue, Installation revenue by quarter
- Installed Building Products Waterproofing revenue by quarter
- Installed Building Products Window blinds revenue by quarter