Filing Flows › Installed Building Products (IBP) › Q4 2025
Installed Building Products (IBP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Installed Building Products (IBP) reported revenue of $748M for the fourth quarter 2025 (Q4 2025), -0.4% from a year earlier and -4% from the quarter before. Operating margin was 14.6%, net earnings $76.6M (10.2% of revenue).
Installed Building Products, Q4 2025: revenue $748M (-0.4% year over year), operating margin 14.6%, net earnings $76.6M, operating cash flow $64.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $748M | -4% | -0.4% |
| Gross profit | $262M | -1% | +4% |
| Operating profit | $109M | +2% | +10% |
| Net earnings | $76.6M | +3% | +14% |
| Operating cash flow | $64.9M | -48% | -13% |
| Free cash flow | $49.3M | -53% | -7% |
What changed
Revenue was $747.5M in Q4 2025, roughly flat year over year and down 4% from the previous quarter. Net revenues, Installation was the largest line at 91% of revenue.
Gross margin was 35.0%, up 1.4 points from a year earlier. Operating profit was $108.8M, a 14.6% margin (up 1.4 points year over year). Operating expenses fell 0% while revenue was flat. Net earnings were $76.6M, up 14% year over year. The effective tax rate was 24.9%.
Operating cash flow was $64.9M (down 13% year over year), 85% of net earnings. Non-cash charges added back $17.0M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $33.7M. Capital expenditures of $15.6M left free cash flow of $49.3M.
Questions
What was Installed Building Products' revenue in the fourth quarter 2025?
Installed Building Products (IBP) reported revenue of $748M for the fourth quarter 2025 (Q4 2025), -0.4% from a year earlier and -4% from the quarter before.
Was Installed Building Products profitable in the fourth quarter 2025?
Operating profit was $109M (14.6% of revenue) and net earnings $76.6M.