Installed Building Products Inc (IBP)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 346,400 | 333,100 | 303,307 | 155,475 | 131,177 |
| Revenue | US$ in thousands | 2,941,300 | 2,778,600 | 2,669,840 | 1,968,650 | 1,653,220 |
| Pretax margin | 11.78% | 11.99% | 11.36% | 7.90% | 7.93% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $346,400K ÷ $2,941,300K
= 11.78%
Installed Building Products Inc's pretax margin has shown a fluctuating trend over the past five years. Starting at 7.93% on December 31, 2020, the pretax margin remained relatively stable in 2021 at 7.90%. However, the company's performance improved significantly in 2022, with the pretax margin reaching 11.36%, and continued to grow in 2023 to 11.99%. Despite a slight dip in 2024 to 11.78%, the overall trend indicates an increasing profitability before taxes. This suggests that Installed Building Products Inc has been able to effectively manage its expenses and generate stronger operating profits over the years, demonstrating improved efficiency and potentially successful strategic decisions.
Peer comparison
Dec 31, 2024