Filing Flows › Installed Building Products (IBP) › Q3 2026 › vs Q2 2026
Installed Building Products (IBP) Q3 2026 vs Q2 2026 (quarter over quarter)
Installed Building Products's revenue rose $30.6M (+4%) from $778M in Q2 2026 to $808M in Q3 2026. The biggest changes: Net revenue, Installation +$24.8M (+3%); Waterproofing +$5.4M (+12%); Window blinds +$400K (+2%). Gross margin 31.8% against 33.3% (-1.4 pts).
Installed Building Products, Q3 2026: revenue $808M (+4% year over year), operating margin 11.3%, net earnings $59.4M, operating cash flow $74.8M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 31.8% | 33.3% | -1.4 pts |
| Operating margin | 11.3% | 12.2% | -0.8 pts |
| Net margin | 7.3% | 8.3% | -1.0 pts |
| Free cash flow margin | 7.2% | 6.7% | +0.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Insulation | $435M | $430M | $4.1M | +1% |
| Other | $68.0M | $67.1M | $900K | +1% |
| Shower doors, shelving and mirrors | $58.5M | $55.8M | $2.7M | +5% |
| Other building products | $53.0M | $50.3M | $2.7M | +5% |
| Garage doors | $45.4M | $43.7M | $1.7M | +4% |
| Rain gutters | $40.9M | $32.8M | $8.1M | +25% |
| Fireproofing/firestopping | $38.0M | $33.4M | $4.6M | +14% |
| Net revenue, Installation | $738M | $714M | $24.8M | +3% |
| Waterproofing | $50.7M | $45.3M | $5.4M | +12% |
| Window blinds | $19.3M | $18.9M | $400K | +2% |
| Revenue | $808M | $778M | $30.6M | +4% |
| Gross profit | $257M | $259M | −$1.5M | -0.6% |
| Cost of revenue | $551M | $519M | $32.1M | +6% |
| Operating profit | $91.7M | $94.6M | −$2.9M | -3% |
| Operating expenses | $166M | $164M | $1.4M | +0.9% |
| Pre-tax earnings | $81.2M | $85.1M | −$3.9M | -5% |
| Other expense, net | $10.5M | $9.5M | $1.0M | +11% |
| Sales & marketing | $37.3M | $36.6M | $700K | +2% |
| General & admin | $118M | $117M | $400K | +0.3% |
| Other operating costs | $10.8M | $10.5M | $300K | +3% |
| Net earnings | $59.4M | $64.9M | −$5.5M | -8% |
| Income tax | $21.8M | $20.2M | $1.6M | +8% |
| Depreciation & amortization | $18.3M | $17.8M | $500K | +3% |
| Share-based compensation | $5.6M | $6.2M | −$600K | -10% |
| Working capital & other | $8.5M | $20.1M | −$11.6M | -58% |
| Operating cash flow | $74.8M | $68.8M | $6.0M | +9% |
| Free cash flow (OCF − capex) | $58.3M | $51.9M | $6.4M | +12% |
| Capital expenditures | $16.5M | $16.9M | −$400K | -2% |
Questions
How much did Installed Building Products's revenue grow quarter over quarter in Q3 2026?
Installed Building Products's revenue rose $30.6M (+4%) from $778M in Q2 2026 to $808M in Q3 2026.
What drove Installed Building Products's revenue change in Q3 2026?
Net revenue, Installation +$24.8M (+3%); Waterproofing +$5.4M (+12%); Window blinds +$400K (+2%).