Installed Building Products Inc (IBP)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	333,100	335,591	325,854	324,441	303,307	249,208	213,362	178,259	155,475	154,025	144,663	132,946	131,177	120,485	111,457	102,089	92,605	87,252	79,351	75,737
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
Pretax margin		12.13%	12.42%	11.98%	12.00%	11.54%	10.05%	9.41%	8.56%	8.04%	8.34%	8.23%	7.99%	8.08%	7.58%	7.12%	6.61%	6.21%	6.04%	5.67%	5.57%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $333,100K ÷ $2,746,664K
= 12.13%

Installed Building Products Inc's pretax margin has shown a relatively stable trend over the past eight quarters, ranging from 8.41% in Q1 2022 to 12.23% in Q3 2023. The company has demonstrated consistent profitability levels before accounting for taxes. The recent quarters, Q3 and Q4 2023, indicated an improvement in pretax margin compared to the same periods in the previous year, which suggests enhanced efficiency in managing costs and generating revenue. Overall, the upward trend in pretax margin reflects favorable financial performance and potential for sustained profitability in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Installed Building Products Inc

IBP

12.13%

Fortune Brands Innovations Inc.