Installed Building Products, Inc.

IBP · Industrials · $6.2B mkt cap · FY2025 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power49

Median gross margin 30.4% over 10y, very stable.

Returns on capital86

Median ROIC 16.8%, above the 9% hurdle in 100% of years.

Balance-sheet safety63

Net debt/EBITDA 1.3x, interest coverage 12x.

Capital discipline100

Owner earnings +23.9%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

40% above value

Owner earnings (normalized): $243.7M
Est. intrinsic value / share: $162.62
Recent price: $228.31
Discount to value: 40% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell IBP. See the disclaimer.