Installed Building Products Inc (IBP)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	369,100	345,400	187,880	161,867	121,160
Revenue	US$ in thousands	2,742,600	2,629,690	1,935,880	1,623,720	1,479,940
Operating profit margin		13.46%	13.13%	9.71%	9.97%	8.19%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $369,100K ÷ $2,742,600K
= 13.46%

Installed Building Products Inc's operating profit margin has shown a positive trend over the past five years, increasing from 8.02% in 2019 to 13.28% in 2023. This indicates that the company has been effectively managing its operating expenses in relation to its revenue generation. The steady improvement in operating profit margin suggests increased operational efficiency and profitability for the company. This trend reflects positively on Installed Building Products Inc's ability to control costs and generate higher profits from its core operations over the years.

Peer comparison

Dec 31, 2023

Company name

Symbol

Operating profit margin

Installed Building Products Inc

IBP

13.46%

Fortune Brands Innovations Inc.