Installed Building Products (IBP) Q3 FY2026 earnings: revenue $808 million, up 3.9% on the year

Installed Building Products, Inc. (IBP) reported revenue of $808 million for Q3 FY2026, the quarter ended 30 September 2026, up 3.9% on the same quarter a year earlier. Net income was $59 million, down 20.2% on the year, and diluted earnings per share $2.24. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$808 million

+3.9% on the year · +3.9% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

11.3%

13.7% a year earlier

Q4 FY2024Q3 FY2026

Net income

$59 million

-20.2% on the year · -8.5% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$2.24

-18.2% on the year · -7.8% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 kept.

Net revenue rose 3.9%: Net revenue was $808.4 million, up from $778.2 million. Installation revenue rose 2.7% and Other revenue, net of eliminations, rose 18.9%.
Net income declined year over year: Net income was $59.4 million, or $2.24 per diluted share, against $74.4 million, or $2.74 per diluted share, a year earlier. Net profit margin was 7.3% against 9.6%.
Gross margin fell to 31.8%: Gross profit was $257.4 million, down 2.6%, or 31.8% of net revenue, against 34.0%. Adjusted gross margin was 31.9%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	808	778	778	+3.9%	+3.9%
Cost of revenue	551	519	514	+6.2%	+7.2%
Gross profit	257	259	264	-0.6%	-2.6%
Gross margin	31.8%	33.3%	34.0%
Operating income	91.7	94.6	107	-3.1%	-14.1%
Operating margin	11.3%	12.2%	13.7%
Interest expense	10.4	10.5	6.9	-1.0%	+50.7%
Pre-tax income	81.2	85.1	100	-4.6%	-19.0%
Income tax	21.8	20.2	25.9	+7.9%	-15.8%
Effective tax rate	26.8%	23.7%	25.8%
Net income	59.4	64.9	74.4	-8.5%	-20.2%
Net margin	7.3%	8.3%	9.6%
Diluted EPS	$2.24	$2.43	$2.74	-7.8%	-18.2%

$ million except per share.

Free 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	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	74.8	68.8	124	+8.7%	-39.7%
Capital expenditure	16.5	16.9	19.2	-2.4%	-14.1%
Free cash flow	58.3	51.9	105	+12.3%	-44.4%
Free cash flow margin	7.2%	6.7%	13.5%
Cash from investing	-31.4	-37.5	-37.2
Cash from financing	-22.0	-111	-58.7
Depreciation and amortisation	16.8	16.5	15.3	+1.8%	+9.8%
Share-based compensation	5.6	6.2	5.3	-9.7%	+5.7%
Buybacks	0.0	76.3	51.4
Dividends paid	10.3	10.4	10.0	-1.0%	+3.0%
Dividend per share	$0.39	$0.39	$0.37	0.0%	+5.4%
Diluted shares, weighted	27m	27m	27m	-0.8%	-2.5%
Shares outstanding at period end	27m	27m	27m	-0.0%	-2.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	696	640	679	+8.9%	+2.6%
Debt	1,053	1,062	881	-0.8%	+19.6%
Operating lease liabilities	84.9	82.3	61.1	+3.2%	+39.0%
Finance lease liabilities	6.8	6.4	3.7	+6.2%	+83.8%
Other liabilities	460	461	427	-0.3%	+7.6%
Total liabilities and equity	2,301	2,251	2,051	+2.2%	+12.2%
Goodwill	476	470	444	+1.2%	+7.0%
Intangible assets	267	268	260	-0.3%	+2.7%
Cash and equivalents	416	394	333	+5.4%	+24.8%
Receivables	485	470	448	+3.3%	+8.2%
Inventory	224	224	188	+0.2%	+19.3%
Other assets	433	426	377	+1.7%	+14.8%
Total assets	2,301	2,251	2,051	+2.2%	+12.2%

Questions

What was Installed Building Products' revenue in Q3 FY2026?

Installed Building Products (IBP) reported revenue of $808 million for Q3 FY2026, the quarter ended 30 September 2026, up 3.9% on the same quarter a year earlier.

How much did Installed Building Products earn in Q3 FY2026?

Net income for Q3 FY2026 was $59 million, down 20.2% on the year, and diluted earnings per share $2.24.

When did Installed Building Products report Q3 FY2026 results?

Installed Building Products filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023 †	Q2 FY2023 †	Q3 FY2023 †	Q4 FY2023 * †	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	534	587	677	719	686	659	692	706	721	693	738	761	750	685	760	778	748	660	778	808
Cost of revenue	377	415	460	498	469	449	460	464	475	458	486	504	498	461	500	514	486	448	519	551
Gross profit	156	172	217	221	217	210	232	242	246	234	251	257	252	224	260	264	262	212	259	257
Gross margin	29%	29%	32%	31%	32%	32%	34%	34%	34%	34%	34%	34%	34%	33%	34%	34%	35%	32%	33%	32%
Operating income	48.8	57.0	92.0	93.9	102	76.9	92.3	102	97.6	87.9	94.8	101	98.5	69.8	101	107	109	57.6	94.6	91.7
Operating margin	9%	10%	14%	13%	15%	12%	13%	14%	14%	13%	13%	13%	13%	10%	13%	14%	15%	9%	12%	11%
Interest expense	10.1	10.6	10.4	10.7	9.9	9.7	9.8	9.7	7.8	11.9	8.2	7.7	9.1	8.3	8.3	6.9	8.2	10.3	10.5	10.4
Pre-tax income	38.6	46.2	81.3	83.1	92.7	67.4	82.7	92.8	90.3	76.4	86.7	93.9	89.4	61.3	93.4	100	102	47.1	85.1	81.2
Tax rate	24%	27%	26%	27%	26%	27%	26%	27%	28%	27%	25%	27%	25%	26%	26%	26%	25%	26%	24%	27%
Net income	29.4	33.8	59.9	61.0	68.7	49.3	61.6	68.0	64.8	55.9	65.2	68.6	66.9	45.4	69.0	74.4	76.6	34.8	64.9	59.4
Net margin	6%	6%	9%	8%	10%	7%	9%	10%	9%	8%	9%	9%	9%	7%	9%	10%	10%	5%	8%	7%
Diluted EPS	$0.99	$1.14	$2.07	$2.13	$2.42	$1.74	$2.18	$2.40	$2.29	$1.97	$2.30	$2.44	$2.39	$1.64	$2.52	$2.74	$2.83	$1.29	$2.43	$2.24
Operating cash flow	21.8	48.2	51.2	99.2	79.2	73.8	64.3	112	89.7	84.8	79.0	101	74.8	92.1	90.4	124	64.9	102	68.8	74.8
Capital expenditure	9.1	10.4	14.2	10.7	10.4	14.9	13.4	18.6	14.7	21.8	20.8	24.1	21.9	20.2	15.6	19.2	15.6	16.6	16.9	16.5
Free cash flow	12.8	37.9	37.1	88.5	68.8	58.9	50.9	93.9	75.0	63.0	58.2	77.3	52.9	71.9	74.8	105	49.3	85.7	51.9	58.3
Buybacks	0.0	49.9	49.8	12.5	25.4	0.0	0.0	0.0	6.3	0.0	45.7	20.7	78.9	34.3	49.2	51.4	37.7	25.4	76.3	0.0
Dividends paid	8.9	35.4	9.5	8.9	8.8	34.5	9.3	9.3	9.3	54.9	9.8	9.8	9.7	56.8	10.1	10.0	9.9	58.7	10.4	10.3
Shares outstanding	30m	29m	29m	29m	28m	28m	28m	28m	28m	28m	28m	28m	28m	28m	27m	27m	27m	27m	27m	27m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.