Filing Flows › Installed Building Products (IBP) › Q2 2026
Installed Building Products (IBP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Installed Building Products (IBP) reported revenue of $778M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +18% from the quarter before. Operating margin was 12.2%, net earnings $64.9M (8.3% of revenue).
Installed Building Products, Q2 2026: revenue $778M (+2% year over year), operating margin 12.2%, net earnings $64.9M, operating cash flow $68.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $778M | +18% | +2% |
| Gross profit | $259M | +22% | -0.4% |
| Operating profit | $94.6M | +64% | -6% |
| Net earnings | $64.9M | +86% | -6% |
| Operating cash flow | $68.8M | -33% | -24% |
| Free cash flow | $51.9M | -39% | -31% |
What changed
Revenue was $777.8M in Q2 2026, up 2% year over year and up 18% from the previous quarter. Insulation was the largest line at 55% of revenue. Other added $22.4M year over year (up 50%), 128% of the total change. Window blinds declined 9%.
Gross margin was 33.3%, down 0.9 points from Q2 2025. Operating profit was $94.6M, a 12.2% margin (down 1.1 points year over year). Operating profit fell $6.4M even though revenue rose $17.5M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 3% against revenue growth of 2%. Net earnings were $64.9M, down 6% year over year. The effective tax rate was 23.7%.
Operating cash flow was $68.8M (down 24% year over year), 106% of net earnings. Non-cash charges added back $17.8M of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items used $20.1M. Capital expenditures of $16.9M left free cash flow of $51.9M.
Questions
What was Installed Building Products' revenue in the second quarter 2026?
Installed Building Products (IBP) reported revenue of $778M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +18% from the quarter before.
Was Installed Building Products profitable in the second quarter 2026?
Operating profit was $94.6M (12.2% of revenue) and net earnings $64.9M.