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Installed Building Products's gross profit for the three months ended in Sep. 2024 was $257 Mil. Installed Building Products's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $988 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Installed Building Products's gross profit for the three months ended in Sep. 2024 was $257 Mil. Installed Building Products's Revenue for the three months ended in Sep. 2024 was $761 Mil. Therefore, Installed Building Products's Gross Margin % for the quarter that ended in Sep. 2024 was 33.76%.
Installed Building Products had a gross margin of 33.76% for the quarter that ended in Sep. 2024 => Competition eroding margins
During the past 13 years, the highest Gross Margin % of Installed Building Products was 33.95%. The lowest was 27.04%. And the median was 29.01%.
The historical data trend for Installed Building Products's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Installed Building Products Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 434.82 | 509.97 | 589.50 | 827.80 | 930.70 |
Installed Building Products Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Gross Profit | Get a 7-Day Free Trial | 242.10 | 245.70 | 234.50 | 251.40 | 256.80 |
For the Residential Construction subindustry, Installed Building Products's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Homebuilding & Construction industry and Consumer Cyclical sector, Installed Building Products's Gross Profit distribution charts can be found below:
* The bar in red indicates where Installed Building Products's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Installed Building Products's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit (A: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 2778.6 | - | 1847.9 | |
= | 931 |
Installed Building Products's Gross Profit for the quarter that ended in Sep. 2024 is calculated as
Gross Profit (Q: Sep. 2024 ) | = | Revenue | - | Cost of Goods Sold |
= | 760.6 | - | 503.8 | |
= | 257 |
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $988 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Installed Building Products's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as
Gross Margin % (Q: Sep. 2024 ) | = | Gross Profit (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 257 | / | 760.6 | |
= | 33.76 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Installed Building Products (NYSE:IBP) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Installed Building Products had a gross margin of 33.76% for the quarter that ended in Sep. 2024 => Competition eroding margins
Thank you for viewing the detailed overview of Installed Building Products's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Janet E. Jackson | director | C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215 |
Jason R Niswonger | officer: SVP, Finance & IR | C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215 |
Todd R Fry | officer: Chief Accounting Officer | CHAMPION INDUSTRIES, P O BOX 2968, HUNTINGTON WV 25728-2968 |
Jeffrey W. Edwards | director, 10 percent owner, officer: President, CEO & Chairman | C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215 |
Michael Thomas Miller | director, officer: See Remarks | C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215 |
William Jeffrey Hire | officer: President of External Affairs | C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215 |
Marchelle E Moore | director | C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215 |
Margot Lebenberg Carter | director | C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215 |
Jay P. Elliott | officer: Chief Operating Offier | C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215 |
Michael H Thomas | director | 100 E CAMPUS VIEW BLVD STE 170, C/O TEAM AMERICA, COLUMBUS OH 43235 |
Lawrence A. Hilsheimer | director | 425 WINTER ROAD, DELAWARE OH 43015 |
Vikas Verma | director | C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215 |
David R Meuse | director | 191 WEST NATIONWIDE BLVD, COLUMBUS OH 43215 |
J Michael Nixon | director, 10 percent owner | C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215 |
Installed Building Systems, Inc. | director, 10 percent owner, other: Director by Deputization | 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215 |
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