Installed Building Products, Inc. (IBP) is a leading residential and commercial construction subcontractor in the United States, specializing in the installation of insulation and complementary building products. The company's business model centers on managing the entire installation process for builders, which includes sourcing materials directly from national manufacturers, managing logistics, and providing skilled labor for on-site installation.
IBP operates through three primary segments: Installation, Distribution, and Manufacturing. The Installation segment is the core of the business, generating the vast majority of the company's revenue. Within this segment, insulation installation is the largest revenue driver, accounting for approximately 58% of total net revenue in 2025. To diversify its revenue streams, IBP also installs a wide range of complementary products, such as waterproofing, fire-stopping, garage doors, rain gutters, window blinds, shower doors, closet shelving, and mirrors. The Distribution segment sells insulation and gutters to other installers, while the Manufacturing segment produces cellulose insulation and industrial fibers.
Geographically, IBP operates a national network of over 250 branch locations across the 48 continental U.S. states and the District of Columbia. The company serves a diverse customer base, with single-family residential construction historically representing its largest end market (around 55-63% of revenue), followed by multi-family residential, commercial construction, and repair and remodel projects. IBP's competitive position is strengthened by its significant scale, which provides purchasing power with material manufacturers, and its extensive local branch network that allows it to efficiently serve both national production homebuilders and regional custom builders. The company has grown significantly through a roll-up strategy, completing over 180 acquisitions since its founding to consolidate the highly fragmented building products installation market.
