Installed Building Products Inc (IBP)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 382,500 | 369,100 | 345,411 | 187,880 | 161,867 |
| Revenue | US$ in thousands | 2,941,300 | 2,778,600 | 2,669,840 | 1,968,650 | 1,653,220 |
| Operating profit margin | 13.00% | 13.28% | 12.94% | 9.54% | 9.79% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $382,500K ÷ $2,941,300K
= 13.00%
Installed Building Products Inc's operating profit margin has shown a positive trend over the years, increasing steadily from 9.79% in December 31, 2020, to 13.00% in December 31, 2024. This indicates that the company has been able to effectively manage its operating expenses in relation to its revenue, leading to improved profitability. The consistent growth in the operating profit margin demonstrates the company's ability to efficiently generate profits from its core operations. The highest operating profit margin of 13.28% recorded in December 31, 2023, suggests that Installed Building Products Inc has been successful in enhancing operational efficiency and maintaining a healthy level of profitability. Overall, the upward trend in the operating profit margin reflects positively on the company's financial performance and operational effectiveness.
Peer comparison
Dec 31, 2024