Installed Building Products Inc (IBP)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	930,700	902,386	881,569	865,803	827,784	766,711	701,318	636,495	589,519	568,125	543,888	519,141	509,974	495,084	481,524	461,642	434,820	413,420	392,667	381,053
Revenue (ttm)	US$ in thousands	2,746,664	2,702,728	2,720,605	2,704,681	2,627,372	2,480,286	2,267,738	2,081,968	1,934,728	1,846,449	1,757,295	1,662,899	1,623,163	1,590,343	1,565,412	1,545,395	1,491,865	1,443,755	1,399,481	1,360,209
Gross profit margin		33.88%	33.39%	32.40%	32.01%	31.51%	30.91%	30.93%	30.57%	30.47%	30.77%	30.95%	31.22%	31.42%	31.13%	30.76%	29.87%	29.15%	28.64%	28.06%	28.01%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $930,700K ÷ $2,746,664K
= 33.88%

Installed Building Products Inc has shown a consistent improvement in its gross profit margin over the quarters, with a gradual increase from 30.04% in Q1 2022 to 33.50% in Q4 2023. This indicates the company's ability to effectively manage its production costs and generate higher profits from its core operations. The steady upward trend reflects favorable operational efficiency and pricing strategies. The company's focus on cost control and revenue growth seems to be yielding positive results, leading to a stronger financial performance over time.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

Installed Building Products Inc

IBP

33.88%

Fortune Brands Innovations Inc.