Installed Building Products (IBP) FY2024 results: revenue $2.9 billion, up 5.9% on the year
Installed Building Products, Inc. (IBP) reported revenue of $2.9 billion for fiscal 2024, the year ended 31 December 2024, up 5.9% on the year before. Net income was $257 million, up 5.3%, and diluted earnings per share $9.10. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$2.9 billion
+5.9% on the year
FY2017FY2024
Operating margin
13.0%
13.3% a year earlier
FY2017FY2024
Net income
$257 million
+5.3% on the year
FY2017FY2024
Diluted EPS
$9.10
+5.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
340
340
278
-0.1%
Capital expenditure
88.6
61.6
45.6
+43.8%
Free cash flow
251
279
232
-9.8%
Free cash flow margin
8.5%
10.0%
8.7%
Cash from investing
-159
-103
-159
Cash from financing
-240
-79.9
-223
Depreciation and amortisation
55.4
49.2
44.4
+12.6%
Share-based compensation
19.4
15.9
13.8
+22.0%
Buybacks
145
6.3
138
+2,206.3%
Dividends paid
84.7
63.1
62.7
+34.2%
Dividend per share
$3.00
$2.22
$2.16
+35.1%
Diluted shares, weighted
28m
28m
29m
-0.4%
Shares outstanding at period end
28m
28m
28m
-2.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
705
670
493
+5.2%
Debt
875
867
861
+0.9%
Operating lease liabilities
61.0
49.9
49.8
+22.2%
Finance lease liabilities
5.4
6.6
6.4
-18.2%
Other liabilities
413
387
368
+6.8%
Total liabilities and equity
2,060
1,981
1,779
+4.0%
Goodwill
433
399
374
+8.5%
Intangible assets
270
269
283
+0.7%
Cash and equivalents
328
386
230
-15.2%
Receivables
434
423
397
+2.5%
Inventory
195
163
177
+19.5%
Other assets
401
341
318
+17.4%
Total assets
2,060
1,981
1,779
+4.0%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.