Installed Building Products Inc (IBP)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 243,700 | 247,587 | 240,573 | 238,880 | 223,428 | 184,071 | 157,985 | 135,294 | 118,763 | 117,233 | 110,418 | 98,542 | 97,239 | 88,596 | 81,731 | 75,313 | 68,159 | 65,441 | 59,792 | 57,188 |
| 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 |
| Net profit margin | 8.87% | 9.16% | 8.84% | 8.83% | 8.50% | 7.42% | 6.97% | 6.50% | 6.14% | 6.35% | 6.28% | 5.93% | 5.99% | 5.57% | 5.22% | 4.87% | 4.57% | 4.53% | 4.27% | 4.20% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $243,700K ÷ $2,746,664K
= 8.87%
Installed Building Products Inc's net profit margin has shown a relatively stable trend in recent quarters. The company's net profit margin ranged between 6.38% and 9.02% in the past eight quarters, indicating a consistent level of profitability. Specifically, the net profit margin has generally been in the range of 7% to 9%, with a slight uptrend in the most recent quarters.
It is noteworthy that the company's net profit margin reached its highest point of 9.02% in Q3 2023, showcasing an improvement in profitability compared to previous quarters. This suggests that Installed Building Products Inc has been able to effectively manage its costs and generate a higher level of net income relative to its revenue in that particular quarter.
Overall, the company's ability to maintain a net profit margin above 6% and achieve occasional increases in profitability indicates sound financial performance and efficiency in converting revenue into net income. This trend bodes well for Installed Building Products Inc's profitability and financial health in the periods ahead.
Peer comparison
Dec 31, 2023