Installed Building Products, Inc. — Cyborg Score 8/10

Strong
Construction Services & Building Products Installation

Strategic Profile

The company's success is rooted in a relentless, disciplined strategy of acquiring local, high-quality businesses since its 2014 IPO. Power buying is the most important competitive advantage as one of the largest U.S. purchasing platforms, giving IBP bargaining strength against suppliers and allowing better timing, planning and prices. The company operates through three segments: Installation, Distribution, and Manufacturing Operations.

Cyborg Score Rationale

With trailing twelve-month revenue of nearly $2.97 billion and market capitalization around $7.13 billion as of late October 2025, IBP demonstrates significant scale and market position. The company benefits from a highly fragmented market with acquisition opportunities and enjoys strong competitive advantages through purchasing power, though it operates in a cyclical residential construction industry.

Top Insights

  • Installation business is the core of the company and accounts for 94% of revenues
  • The company has achieved approximately 30% market share of the insulation market
  • The building products installation market is highly fragmented, providing continued acquisition opportunities
  • IBP dominates the residential and commercial building supply chain from its network of over 250 U.S. branches

Named Competitors

  • Regional Installation Contractors — Localized insulation and building product installation services
  • Independent Installation Operators — Single-location or multi-location independent installation businesses
  • National Builder In-House Operations — Vertically integrated installation capabilities within major builders

Recent Developments

  • (Q3 2025) Record third-quarter 2025 net revenue of $778.2 million, with adjusted EPS of $3.18, comfortably beating analyst estimates
  • (Oct 2025) Trailing twelve-month revenue reached nearly $2.97 billion with market capitalization around $7.13 billion
  • (2025) Aggressive acquisition program added over $58 million of annual revenue to date in 2025

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