Installed Building Products

What Installed Building Products does

Installed Building Products (NYSE: IBP), founded in 1977 and headquartered in Columbus, Ohio, is the largest U.S. installer of insulation and complementary building products for residential and commercial construction. The company operates through a network of more than 250 branches across all 48 continental states, employing over 10,600 field installation personnel who serve builders directly on job sites. Its core service is insulation installation (fiberglass, spray foam, and cellulose), which generated approximately 58% of FY2025 revenue, down from 74% in 2013 as the company has diversified into garage doors, rain gutters, shower doors, mirrors, closet shelving, window blinds, fireplaces, door hardware, and commercial services including waterproofing, spray fireproofing, firestop, and expansion joints.

IBP generates revenue through professional services fees charged to builders for labor and installation, with pricing negotiated on a project basis rather than publicly disclosed. The go-to-market is a direct, field-based sales motion executed through the local branch network, supplemented by national account relationships with large homebuilders. The customer base is primarily U.S. residential new-construction builders (approximately 55% of revenue, down from 75% a decade ago) and commercial construction contractors, with documented anchor relationships such as David Weekley Homes, for which IBP has been named National Preferred Partner for six consecutive years.

The business model combines organic same-branch growth with a sustained acquisition roll-up: IBP has completed 51 acquisitions over its history, including 11 in 2025 that contributed more than $64 million of acquired annual revenue. FY2025 net revenue was $2.97 billion with net income of $265.4 million (+14.5% YoY), record Q4 adjusted EBITDA margin of 19%, and record adjusted gross margin of 35%. The company is publicly traded with no parent company, significant insider ownership led by CEO Jeffrey Edwards (~13.1%), and a capital structure strengthened by a January 2026 $500 million senior notes refinancing and an expanded $375 million ABL revolving credit facility.

Name

Installed Building Products

Legal name

Installed Building Products, Inc.

Website

https://installedbuildingproducts.com

Company type

Public

Founded year

1977

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Installed Building Products is the largest U.S. installer of insulation and complementary building products, serving residential and commercial builders through more than 250 branches across the continental United States with over 10,600 employees.

Ownership category

akta.pro rank

Product category

Building Products Installation Services

NAICS

Drywall and Insulation Contractors (238310), Plumbing, Heating, and Air-Conditioning Contractors (238220)

SIC

Metal Doors, Sash, Frames, Moldings & Trim (3442)

akta.pro primary industry

Basement Framing, Insulation & Drywall (Build-Out) (HSAPACAB)

Keywords

• Insulation installation services
• Residential construction installation
• Commercial building installation
• Building products contractor
• Complementary building products

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Installation Services: IBP generates revenue by providing installation services for insulation and complementary building products to residential and commercial builders. Revenue is derived from labor and installation fees charged to builders during construction projects. The company has diversified from insulation (58% of revenues, down from 74% in 2013) into complementary products including garage doors, rain gutters, shower doors, mirrors, bath hardware, closet shelving, window blinds, fireplaces, and door hardware.
2. Commercial Installation Services: Company provides large commercial project installation services including expansion joints, waterproofing, spray fireproofing, spray foam insulation, restoration, and firestop services for commercial building projects.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Installed Building Products is a premier installation contractor that provides insulation and complementary building product installation services to residential and commercial builders. Its core offering is insulation installation (approximately 58% of revenues), including fiberglass, spray foam, and cellulose insulation for new construction. The company complements this with installation services for garage doors, rain gutters, closet shelving, shower doors, mirrors, bath hardware, window blinds, fireplaces, and door hardware, plus commercial services such as waterproofing, spray fireproofing, firestop, and expansion joints.

Product overview

Installed Building Products operates as a single integrated installation services platform serving residential and commercial builders across the United States. The company's core offering is insulation installation (comprising approximately 58% of revenues), which includes fiberglass, spray foam, and cellulose insulation for new residential construction and commercial buildings. This is complemented by an extensive portfolio of 13 named complementary building product installation services: garage doors, rain gutters, closet shelving, shower doors and bathroom hardware, window blinds, gas fireplaces, door locksets and hardware, and commercial services including waterproofing, spray fireproofing, firestop, expansion joints, and building restoration. With over 250 branch locations and more than 10,600 employees, IBP delivers these integrated installation services nationwide through local branches with national scale and resources, having grown from a single insulation company in Columbus, Ohio in 1977 to become one of the nation's largest new residential insulation installers.

Differentiator

Problem solved

Functional benefit

Products and services

• Insulation Installation Installation of fiberglass, spray foam, and cellulose insulation for residential new construction and commercial buildings, providing energy efficiency and thermal performance for builders.
• Garage Door Services

Quantifiable outcome

• Record 19% adjusted EBITDA margin in Q4 2025, up from historical levels
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

One partnership is on record.

• North American Insulation Manufacturers Association (NAIMA)minorStrategic or Co-development PartnerIBP participates in a pilot program led by NAIMA in Georgia to recycle plastic wraps used in home insulation into building materials like composite decking, reducing landfill waste and promoting circular economy initiatives.

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• TopBuild Corp: TopBuild is the closest publicly traded comparable to IBP — a national installer of insulation and building envelope products serving residential and commercial builders across the U.S. Operates in essentially the same product categories and customer segments with a similar branch-based distribution model.
• Comfort Systems USA: Comfort Systems USA provides mechanical installation services (HVAC, plumbing, electrical) for commercial and industrial buildings. It is comparable to IBP's commercial mechanical insulation and building services operations, with a similar branch-based field services model.
• API Group: API Group is a global provider of safety, specialty, and industrial services including building solutions and specialty contracting. Its building services segment overlaps with IBP's commercial installation work (fireproofing, firestop, waterproofing) and shares the multi-branch, decentralized operating model.
• EMCOR Group: EMCOR provides electrical and mechanical construction, building services, and industrial solutions through a national branch network. Comparable to IBP's commercial mechanical insulation and building services operations in terms of multi-trade commercial installation delivery model.

Broad incumbents

• Masco Corporation: Masco is a large manufacturer of home improvement and building products (faucets, cabinets, paints, coatings). Overlaps with IBP in residential building product categories and shares exposure to U.S. housing demand, though Masco is a product manufacturer rather than an installer.
• Owens Corning: Owens Corning is a global manufacturer of insulation, roofing, and composite materials. While primarily a supplier rather than a direct competitor, it operates in the same insulation category IBP installs and shares exposure to U.S. residential construction demand.
• Cornerstone Building Brands: Cornerstone Building Brands manufactures exterior building products including siding, windows, and metal structures. Comparable to IBP's complementary product portfolio (garage doors, rain gutters, door hardware) and shares residential and commercial construction end-market exposure.
• Louisiana-Pacific Corporation: Louisiana-Pacific manufactures building products including siding, engineered wood, and OSB. Comparable to IBP as a residential building products supplier with overlapping customer base in new construction and renovation, though LP is a manufacturer rather than installer.

Emerging players

• AAON Inc. AAON manufactures HVAC equipment including commercial rooftop units and energy recovery systems. Comparable to IBP's commercial mechanical insulation and HVAC-related installation work through its Thermo-Tech and DESI acquisitions.

Others

• Ferguson Enterprises: Ferguson is a leading U.S. distributor of plumbing, HVAC, and water management products serving residential and commercial contractors. Comparable to IBP indirectly as a building products distribution channel partner serving the same contractor and builder customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/InstalledBuildingProducts
• LinkedInlinkedin.com/company/installed-building-products

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries15 records

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A32 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Installed Building Products