Installed Building Products Inc (IBP)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 994,500 | 930,700 | 827,784 | 589,519 | 509,974 |
| Revenue | US$ in thousands | 2,941,300 | 2,778,600 | 2,669,840 | 1,968,650 | 1,653,220 |
| Gross profit margin | 33.81% | 33.50% | 31.01% | 29.95% | 30.85% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $994,500K ÷ $2,941,300K
= 33.81%
Installed Building Products Inc's gross profit margin has shown a fluctuating trend over the past five years. In December 2020, the gross profit margin was 30.85%, which decreased slightly to 29.95% by December 2021. However, the trend reversed in the following years, with the gross profit margin increasing to 31.01% in December 2022, 33.50% in December 2023, and further to 33.81% by December 2024.
This improvement in gross profit margin indicates that Installed Building Products Inc has been able to effectively control its cost of goods sold while increasing its revenues. The company's ability to generate higher gross profit margins suggests efficiency in managing production costs and pricing strategies, which may have positively impacted its overall profitability and financial performance.
Peer comparison
Dec 31, 2024