Filing Flows › Installed Building Products (IBP) › How it makes money
How Installed Building Products (IBP) makes money
Installed Building Products (IBP) made $808M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Net revenue, Installation brought in $738M (91%); Waterproofing brought in $50.7M (6%); Window blinds brought in $19.3M (2%). Of every dollar of revenue, 32¢ was left as gross profit, 11¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Net revenue, Installation | $738M | 91.3% | +3% | +3% |
| ↳ Insulation | $435M | 53.8% | +1% | -1% |
| ↳ Other | $68.0M | 8.4% | +1% | +19% |
| ↳ Shower doors, shelving and mirrors | $58.5M | 7.2% | +5% | +2% |
| ↳ Other building products | $53.0M | 6.6% | +5% | +10% |
| ↳ Garage doors | $45.4M | 5.6% | +4% | +2% |
| ↳ Rain gutters | $40.9M | 5.1% | +25% | +16% |
| ↳ Fireproofing/firestopping | $38.0M | 4.7% | +14% | +21% |
| Waterproofing | $50.7M | 6.3% | +12% | +16% |
| Window blinds | $19.3M | 2.4% | +2% | -6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $808M | 100.0% |
| Cost of revenue | $551M | 68.2% |
| Gross profit | $257M | 31.8% |
| Operating expenses | $166M | 20.5% |
| Operating profit | $91.7M | 11.3% |
| Income tax | $21.8M | 2.7% |
| Net earnings | $59.4M | 7.3% |
| Operating cash flow | $74.8M | 9.3% |
| Free cash flow | $58.3M | 7.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $808M | +4% |
| Q2 2026 | $778M | +2% |
| Q1 2026 | $660M | -4% |
| Q4 2025 | $748M | -0.4% |
| Q3 2025 | $778M | +2% |
| Q2 2025 | $760M | +3% |
| Q1 2025 | $685M | -1% |
From Installed Building Products' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Installed Building Products make money?
Installed Building Products (IBP) made $808M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Net revenue, Installation brought in $738M (91%); Waterproofing brought in $50.7M (6%); Window blinds brought in $19.3M (2%). Of every dollar of revenue, 32¢ was left as gross profit, 11¢ was left as operating profit, 7¢ was left as net earnings.
What is Installed Building Products' biggest business?
Net revenue, Installation: $738M in the third quarter 2026, 91% of revenue, +3% from a year earlier.
What is Installed Building Products' profit margin?
Net earnings were $59.4M, 7.3% of revenue, in the third quarter 2026; the operating margin was 11.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.