Installed Building Products Inc (IBP)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 243,700 | 223,400 | 118,763 | 97,239 | 68,159 |
| Revenue | US$ in thousands | 2,742,600 | 2,629,690 | 1,935,880 | 1,623,720 | 1,479,940 |
| Net profit margin | 8.89% | 8.50% | 6.13% | 5.99% | 4.61% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $243,700K ÷ $2,742,600K
= 8.89%
Installed Building Products Inc has shown a consistent improvement in its net profit margin over the past five years, with the ratio steadily increasing from 4.51% in 2019 to 8.77% in 2023. This indicates an enhancement in the company's ability to convert revenue into profit after accounting for all expenses. The upward trend suggests that Installed Building Products Inc has been effectively managing its costs and increasing efficiency in its operations, leading to stronger profitability over time. Overall, the company's net profit margin performance reflects positive financial health and operational effectiveness.
Peer comparison
Dec 31, 2023