TacticScaleWhat Installed Building Products Does & How It Makes Money (IBP)
Updated October 2026 · reflects Installed Building Products's latest reported financials
U.S. installer of insulation and other building products. It earns most of its money from builders who pay for materials plus installation labor on new construction, repair, remodel, and commercial projects.
How Installed Building Products makes money
It earns most of its money from builders who pay for materials plus installation labor on new construction, repair, remodel, and commercial projects. It also makes money by reselling insulation products and equipment that it buys wholesale from manufacturers.
What Installed Building Products does
Installed Building Products (IBP), based in Columbus, Ohio, is a U.S. contractor whose main business is installing insulation for residential and commercial builders. It uses fiberglass, cellulose and spray foam insulation and puts it in attics, basements, crawl spaces and building envelopes, and it also handles air sealing and acoustical work. Beyond insulation, IBP installs many complementary products, including waterproofing membranes, fire-stopping systems, garage doors, gutters, shower doors, mirrors, closet shelving and window coverings. The company reports three segments: Installation, Distribution and Manufacturing Operations. Most of its business depends on builder activity in new construction, with additional work in repair, remodel and commercial projects, so results tend to follow the housing and construction cycle. Its distribution arm resells insulation materials and equipment bought wholesale from manufacturers. The company was founded in 1977 and was formerly known as CCIB Holdco, Inc.
Products & services
- Fiberglass, cellulose and spray foam insulation installation
- Waterproofing and air/vapor barrier systems
- Fire-stopping and fire containment systems
- Garage doors and openers
- Shower doors, mirrors and closet shelving
- Wholesale insulation distribution
What is Installed Building Products worth?
On an owner-earnings DCF, Installed Building Products's most-likely value is about $178 versus a recent price near $185 (4% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$95) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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