Installed Building Products
IBP NYSE Homebuilding Financials FY2016–FY2025
Installed Building Products' revenue rose 1.0% to $3.0 billion in fiscal 2025. Its operating margin was 13.0%, about the same as 13.0% a year earlier. Free cash flow was $301 million, up 19.6%. It paid out $260 million in dividends and buybacks, 86% of free cash flow. The diluted share count fell 3.1%.
Revenue
Total sales reported in the income statement.
$3.0B
1.0%
vs prior year
Operating margin
Operating income as a share of revenue.
13.0%
0.0 pts
Net income
Profit after all expenses, interest and tax.
$265M
3.4%
Free cash flow
Cash from operations minus capital spending.
$301M
19.6%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
22.6%
0.8 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$5.3B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
21.5x
On $9.28 EPS (TTM)
What Installed Building Products does
No business description yet.
- Legal name
- Installed Building Products, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- —
- Accession · CIK
- 0001580905-26-000004
0001580905
Revenue and margins
Installed Building Products had $3.0B of revenue in fiscal 2025, up 1.0% on the year before.
FY16
Revenue $863M
FY17
Revenue $1.1B
FY18
Revenue $1.3B
FY19
Revenue $1.5B
FY20
Revenue $1.7B
FY21
Revenue $2.0B
FY22
Revenue $2.7B
FY23
Revenue $2.8B
FY24
Revenue $2.9B
FY25
Revenue $3.0B
Q3 '23
Revenue $707M
Q4 '23
Revenue $721M
Q1 '24
Revenue $693M
Q2 '24
Revenue $738M
Q3 '24
Revenue $761M
Q4 '24
Revenue $750M
Q1 '25
Revenue $685M
Q2 '25
Revenue $760M
Q3 '25
Revenue $778M
Q4 '25
Revenue $748M
Q1 '26
Revenue $661M
Q2 '26
Revenue $778M
FY16
Gross 29.3%
Operating 7.7%
Net 4.5%
FCF 5.4%
FY17
Gross 28.6%
Operating 6.6%
Net 3.6%
FCF 3.3%
FY18
Gross 27.8%
Operating 7.0%
Net 4.1%
FCF 4.6%
FY19
Gross 28.8%
Operating 8.0%
Net 4.5%
FCF 4.8%
FY20
Gross 30.9%
Operating 9.8%
Net 5.9%
FCF 8.9%
FY21
Gross 29.9%
Operating 9.5%
Net 6.0%
FCF 5.2%
FY22
Gross 31.0%
Operating 12.9%
Net 8.4%
FCF 8.7%
FY23
Gross 33.5%
Operating 13.3%
Net 8.8%
FCF 10.0%
FY24
Gross 33.8%
Operating 13.0%
Net 8.7%
FCF 8.6%
FY25
Gross 34.0%
Operating 13.0%
Net 8.9%
FCF 10.1%
Gross
Operating
Net
FCF
Q3 '23
Gross 34.3%
Operating 14.5%
Net 9.6%
FCF 13.3%
Q4 '23
Gross 34.1%
Operating 13.5%
Net 9.0%
FCF 10.4%
Q1 '24
Gross 33.8%
Operating 12.7%
Net 8.1%
FCF 9.1%
Q2 '24
Gross 34.1%
Operating 12.9%
Net 8.8%
FCF 7.9%
Q3 '24
Gross 33.8%
Operating 13.3%
Net 9.0%
FCF 10.2%
Q4 '24
Gross 33.6%
Operating 13.1%
Net 8.9%
FCF 7.1%
Q1 '25
Gross 32.7%
Operating 10.2%
Net 6.6%
FCF 10.5%
Q2 '25
Gross 34.2%
Operating 13.3%
Net 9.1%
FCF 9.8%
Q3 '25
Gross 34.0%
Operating 13.7%
Net 9.6%
FCF 13.5%
Q4 '25
Gross 35.0%
Operating 14.6%
Net 10.3%
FCF 6.6%
Q1 '26
Gross 32.1%
Operating 8.7%
Net 5.3%
FCF 13.0%
Q2 '26
Gross 33.3%
Operating 12.2%
Net 8.3%
FCF 6.7%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 25.8% a year. Loss periods are shown in red.
FY16
Net income $38.4M
FY17
Net income $41.1M
FY18
Net income $54.7M
FY19
Net income $68.2M
FY20
Net income $97.2M
FY21
Net income $119M
FY22
Net income $223M
FY23
Net income $244M
FY24
Net income $257M
FY25
Net income $265M
Q3 '23
Net income $68.0M
Q4 '23
Net income $64.8M
Q1 '24
Net income $55.9M
Q2 '24
Net income $65.2M
Q3 '24
Net income $68.6M
Q4 '24
Net income $66.9M
Q1 '25
Net income $45.4M
Q2 '25
Net income $69.0M
Q3 '25
Net income $74.4M
Q4 '25
Net income $76.6M
Q1 '26
Net income $34.8M
Q2 '26
Net income $64.9M
FY16
Diluted EPS $1.23
FY17
Diluted EPS $1.30
FY18
Diluted EPS $1.75
FY19
Diluted EPS $2.28
FY20
Diluted EPS $3.27
FY21
Diluted EPS $4.01
FY22
Diluted EPS $7.74
FY23
Diluted EPS $8.61
FY24
Diluted EPS $9.10
FY25
Diluted EPS $9.71
Q3 '23
Diluted EPS $2.40
Q4 '23
Diluted EPS $2.29
Q1 '24
Diluted EPS $1.97
Q2 '24
Diluted EPS $2.30
Q3 '24
Diluted EPS $2.44
Q4 '24
Diluted EPS $2.39
Q1 '25
Diluted EPS $1.64
Q2 '25
Diluted EPS $2.52
Q3 '25
Diluted EPS $2.74
Q4 '25
Diluted EPS $2.82
Q1 '26
Diluted EPS $1.29
Q2 '26
Diluted EPS $2.43
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital 16.3%
Return on equity 28.6%
Return on assets 9.2%
FY17
Return on capital 14.5%
Return on equity 22.6%
Return on assets 6.9%
FY18
Return on capital 14.0%
Return on equity 27.9%
Return on assets 7.0%
FY19
Return on capital 15.4%
Return on equity 31.5%
Return on assets 7.1%
FY20
Return on capital 18.9%
Return on equity 34.2%
Return on assets 8.5%
FY21
Return on capital 17.9%
Return on equity 32.3%
Return on assets 8.4%
FY22
Return on capital 24.4%
Return on equity 49.1%
Return on assets 13.0%
FY23
Return on capital 23.5%
Return on equity 41.9%
Return on assets 13.0%
FY24
Return on capital 23.4%
Return on equity 37.3%
Return on assets 12.7%
FY25
Return on capital 22.6%
Return on equity 37.5%
Return on assets 12.9%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $301M in fiscal 2025, 10.1% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $46.3M
FY17
Free cash flow $37.1M
FY18
Free cash flow $61.4M
FY19
Free cash flow $72.9M
FY20
Free cash flow $147M
FY21
Free cash flow $101M
FY22
Free cash flow $232M
FY23
Free cash flow $279M
FY24
Free cash flow $251M
FY25
Free cash flow $301M
Q3 '23
Free cash flow $93.8M
Q4 '23
Free cash flow $75.0M
Q1 '24
Free cash flow $63.0M
Q2 '24
Free cash flow $58.2M
Q3 '24
Free cash flow $77.3M
Q4 '24
Free cash flow $52.9M
Q1 '25
Free cash flow $71.9M
Q2 '25
Free cash flow $74.8M
Q3 '25
Free cash flow $105M
Q4 '25
Free cash flow $49.3M
Q1 '26
Free cash flow $85.7M
Q2 '26
Free cash flow $51.9M
FY16
Cash from operations $73.3M
Capital spending $27.0M
FY17
Cash from operations $68.8M
Capital spending $31.7M
FY18
Cash from operations $96.6M
Capital spending $35.2M
FY19
Cash from operations $123M
Capital spending $50.2M
FY20
Cash from operations $181M
Capital spending $33.6M
FY21
Cash from operations $138M
Capital spending $37.0M
FY22
Cash from operations $278M
Capital spending $45.6M
FY23
Cash from operations $340M
Capital spending $61.6M
FY24
Cash from operations $340M
Capital spending $88.6M
FY25
Cash from operations $371M
Capital spending $70.6M
Cash from operations
Capital spending
Q3 '23
Cash from operations $112M
Capital spending $18.6M
Q4 '23
Cash from operations $89.7M
Capital spending $14.7M
Q1 '24
Cash from operations $84.8M
Capital spending $21.8M
Q2 '24
Cash from operations $79.0M
Capital spending $20.8M
Q3 '24
Cash from operations $101M
Capital spending $24.1M
Q4 '24
Cash from operations $74.8M
Capital spending $21.9M
Q1 '25
Cash from operations $92.1M
Capital spending $20.2M
Q2 '25
Cash from operations $90.4M
Capital spending $15.6M
Q3 '25
Cash from operations $124M
Capital spending $19.2M
Q4 '25
Cash from operations $64.9M
Capital spending $15.6M
Q1 '26
Cash from operations $102M
Capital spending $16.6M
Q2 '26
Cash from operations $68.8M
Capital spending $16.9M
Cash from operations
Capital spending
Dividends, buybacks and share count
Installed Building Products returned $260M to shareholders in fiscal 2025, 87% of free cash flow. The diluted share count fell 3.1%.
FY16
Dividends $0.0M
Buybacks $0.0M
FY17
Dividends $0.0M
Buybacks $0.0M
FY18
Dividends $0.0M
Buybacks $89.4M
FY19
Dividends $0.0M
Buybacks $0.0M
FY20
Dividends $0.0M
Buybacks $33.9M
FY21
Dividends $35.3M
Buybacks $0.0M
FY22
Dividends $62.7M
Buybacks $138M
FY23
Dividends $63.1M
Buybacks $6.3M
FY24
Dividends $84.7M
Buybacks $145M
FY25
Dividends $87.6M
Buybacks $173M
Dividends
Buybacks
Q3 '23
Dividends $9.3M
Buybacks $0.0M
Q4 '23
Dividends $9.3M
Buybacks $6.3M
Q1 '24
Dividends $54.9M
Buybacks $0.0M
Q2 '24
Dividends $9.8M
Buybacks $45.7M
Q3 '24
Dividends $9.8M
Buybacks $20.7M
Q4 '24
Dividends $9.7M
Buybacks $78.9M
Q1 '25
Dividends $56.8M
Buybacks $34.3M
Q2 '25
Dividends $10.1M
Buybacks $49.2M
Q3 '25
Dividends $10.0M
Buybacks $51.4M
Q4 '25
Dividends $9.9M
Buybacks $37.7M
Q1 '26
Dividends $58.7M
Buybacks $25.4M
Q2 '26
Dividends $10.4M
Buybacks $76.3M
Dividends
Buybacks
FY16
Diluted shares 0.03B
FY17
Diluted shares 0.03B
FY18
Diluted shares 0.03B
FY19
Diluted shares 0.03B
FY20
Diluted shares 0.03B
FY21
Diluted shares 0.03B
FY22
Diluted shares 0.03B
FY23
Diluted shares 0.03B
FY24
Diluted shares 0.03B
FY25
Diluted shares 0.03B
Value Installed Building Products yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
Discounted cash flow
Value per share
—
Adds net cash of −$571M and divides by 27.3M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
—
Reference multiples: today 21.5x · peers 17.9x · sector 17.7x.
Balance sheet
Cash, debt and the ratios that show how comfortably Installed Building Products can carry it.
FY16
Cash $14.5M
Debt $151M
FY17
Cash $92.6M
Debt $348M
FY18
Cash $101M
Debt $464M
FY19
Cash $216M
Debt $576M
FY20
Cash $232M
Debt $570M
FY21
Cash $334M
Debt $868M
FY22
Cash $230M
Debt $870M
FY23
Cash $387M
Debt $877M
FY24
Cash $328M
Debt $883M
FY25
Cash $322M
Debt $893M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $334M | $230M | $387M | $328M | $322M |
| Debt incl. finance leases | $868M | $870M | $877M | $883M | $893M |
| Net debt / EBITDA | 2.3x | 1.6x | 1.2x | 1.3x | 1.3x |
| Debt / equity | 2.1x | 1.8x | 1.3x | 1.3x | 1.3x |
| Interest coverage | 5.7x | 8.3x | 10.0x | 10.4x | 12.2x |
| Current ratio | 2.8x | 2.7x | 3.1x | 2.9x | 3.0x |
| Quick ratio | 2.3x | 2.2x | 2.6x | 2.4x | 2.4x |
| Total assets | $1.7B | $1.8B | $2.0B | $2.1B | $2.1B |
| Total liabilities | $1.2B | $1.3B | $1.3B | $1.4B | $1.4B |
| Shareholders' equity | $417M | $494M | $670M | $705M | $710M |
| Net debt (− = net cash) | $535M | $641M | $490M | $555M | $571M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$1.0M
4 insiders
Sold, 12 months
$129M
5 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 3, 2026 | Janet E. JacksonDirector | Sold | 1,086 | $237.06 | $0.3M | Form 4 |
| Jun 11, 2026 | Michael Thomas MillerExecutive VP & CFO, Director | Bought | 990 | $200.62 | $0.2M | Form 4 |
| May 11, 2026 | Brad A WheelerChief Operating Officer | Bought | 716 | $209.13 | $0.1M | Form 4 |
| May 11, 2026 | Jason R NiswongerChief Admin. & Sustainability | Bought | 455 | $214.80 | $0.1M | Form 4 |
| May 11, 2026 | Lawrence A. HilsheimerDirector | Bought | 475 | $206.22 | $0.1M | Form 4 |
| May 11, 2026 | Michael Thomas MillerExecutive VP & CFO, Director | Bought | 2,400 | $207.82 | $0.5M | Form 4 |
| Mar 9, 2026 | Janet E. JacksonDirector | Sold | 1,410 | $293.31 | $0.4M | Form 4 |
| Mar 9, 2026 | Margot Lebenberg CarterDirector | Sold | 2,000 | $299.31 | $0.6M | Form 4 |
| Mar 3, 2026 | IBP Holding CoOther | Sold | 400,000 | $314.06 | $126M | Form 4 |
| Nov 26, 2025 | Michael H ThomasDirector | Sold | 2,001 | $268.28 | $0.5M | Form 4 |
| Nov 7, 2025 | William Jeffrey HirePresident of External Affairs | Sold | 5,000 | $251.63 | $1.3M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | ✓ | ✕ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | ✓ | ✓ | ✓ |
| Current ratio rose | ✓ | ✕ | ✓ |
| Share count didn't rise | ✓ | ✓ | ✓ |
| Gross margin rose | ✓ | ✓ | ✓ |
| Revenue rose relative to assets | ✕ | ✕ | ✕ |
| F-score | 8 / 9 | 6 / 9 | 7 / 9 |
| Accruals ratio | −5.1% | −4.1% | −5.1% |
| Altman Z'' | 5.33 | 5.38 | 5.66 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Installed Building Products IBP | $5.3B | 1.0% | 13.0% | 10.1% | 22.6% | 21.5x | 7 | |
| Champion Homes SKY | $4.4B | 7.3% | 9.5% | 10.1% | 20.8% | 23.0x | 6 | Compare → |
| Cavco Industries CVCO | $4.2B | 11.4% | 10.2% | 10.3% | — | 23.2x | — | Compare → |
| Century Communities CCS | $1.7B | −6.4% | — | 3.0% | — | 12.7x | — | Compare → |
| Dream Finders Homes DFH | $936M | −2.9% | — | −2.9% | 17.2% | 7.2x | — | Compare → |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $863M | $1.1B | $1.3B | $1.5B | $1.7B | $2.0B | $2.7B | $2.8B | $2.9B | $3.0B |
| Gross profit | $252M | $324M | $372M | $435M | $510M | $590M | $828M | $931M | $995M | $1.0B |
| Operating income | $66.0M | $74.3M | $93.2M | $121M | $162M | $188M | $345M | $369M | $383M | $386M |
| Interest expense | $6.2M | $17.4M | $20.5M | $28.1M | $30.3M | $32.8M | $41.6M | $37.0M | $36.9M | $31.7M |
| Pretax income | $59.6M | $55.8M | $72.2M | $92.6M | $131M | $156M | $303M | $333M | $346M | $357M |
| Income tax | $21.2M | $14.7M | $17.4M | $24.4M | $33.9M | $36.7M | $79.9M | $89.4M | $89.8M | $91.6M |
| Net income | $38.4M | $41.1M | $54.7M | $68.2M | $97.2M | $119M | $223M | $244M | $257M | $265M |
| Diluted EPS | $1.23 | $1.30 | $1.75 | $2.28 | $3.27 | $4.01 | $7.74 | $8.61 | $9.10 | $9.71 |
| Diluted shares | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B |
| Cash flow | ||||||||||
| Cash from operations | $73.3M | $68.8M | $96.6M | $123M | $181M | $138M | $278M | $340M | $340M | $371M |
| Capital expenditure | $27.0M | $31.7M | $35.2M | $50.2M | $33.6M | $37.0M | $45.6M | $61.6M | $88.6M | $70.6M |
| Free cash flow | $46.3M | $37.1M | $61.4M | $72.9M | $147M | $101M | $232M | $279M | $251M | $301M |
| Depreciation and amortization | $23.6M | $28.3M | $33.3M | $38.9M | $39.0M | $41.0M | $44.4M | $49.2M | $55.4M | $61.4M |
| Stock-based compensation | $1.9M | $6.6M | $7.8M | $8.7M | $10.8M | $13.8M | $13.8M | $15.9M | $19.4M | $21.5M |
| Acquisitions | $53.3M | $137M | $57.7M | $51.7M | $76.4M | $241M | $114M | $59.6M | $88.6M | $51.5M |
| Share buybacks | $0.0M | $0.0M | $89.4M | $0.0M | $33.9M | $0.0M | $138M | $6.3M | $145M | $173M |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $35.3M | $62.7M | $63.1M | $84.7M | $87.6M |
| Dividends and buybacks | $0.0M | $0.0M | $89.4M | $0.0M | $33.9M | $35.3M | $200M | $69.4M | $230M | $260M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $14.5M | $92.6M | $101M | $216M | $232M | $334M | $230M | $387M | $328M | $322M |
| Total debt | $151M | $348M | $455M | $569M | $565M | $863M | $861M | $867M | $875M | $887M |
| Finance lease liabilities | $0.0M | $0.0M | $8.6M | $6.3M | $4.5M | $5.0M | $8.9M | $9.3M | $8.2M | $6.7M |
| Current assets | $192M | $355M | $412M | $582M | $624M | $859M | $884M | $1.1B | $1.1B | $1.0B |
| Current liabilities | $130M | $160M | $182M | $214M | $237M | $308M | $328M | $346M | $359M | $344M |
| Inventory | $40.2M | $48.3M | $61.2M | $74.6M | $77.2M | $143M | $177M | $163M | $195M | $203M |
| Property and equipment, net | $67.8M | $81.1M | $90.1M | $106M | $104M | $106M | $119M | $137M | $175M | $183M |
| Total assets | $462M | $739M | $835M | $1.1B | $1.2B | $1.7B | $1.8B | $2.0B | $2.1B | $2.1B |
| Total liabilities | $308M | $528M | $652M | $849M | $869M | $1.2B | $1.3B | $1.3B | $1.4B | $1.4B |
| Shareholders' equity | $154M | $211M | $183M | $250M | $319M | $417M | $494M | $670M | $705M | $710M |
| Margins | ||||||||||
| Gross margin | 29.3% | 28.6% | 27.8% | 28.8% | 30.9% | 29.9% | 31.0% | 33.5% | 33.8% | 34.0% |
| Operating margin | 7.7% | 6.6% | 7.0% | 8.0% | 9.8% | 9.5% | 12.9% | 13.3% | 13.0% | 13.0% |
| EBITDA margin | 10.4% | 9.1% | 9.5% | 10.6% | 12.2% | 11.6% | 14.6% | 15.1% | 14.9% | 15.1% |
| Net margin | 4.5% | 3.6% | 4.1% | 4.5% | 5.9% | 6.0% | 8.4% | 8.8% | 8.7% | 8.9% |
| FCF margin | 5.4% | 3.3% | 4.6% | 4.8% | 8.9% | 5.2% | 8.7% | 10.0% | 8.6% | 10.1% |
| Returns | ||||||||||
| Return on capital | 16.3% | 14.5% | 14.0% | 15.4% | 18.9% | 17.9% | 24.4% | 23.5% | 23.4% | 22.6% |
| Return on capital employed | 21.7% | 16.3% | 15.1% | 15.8% | 17.6% | 16.4% | 24.7% | 23.9% | 22.9% | 22.6% |
| Return on equity | 28.6% | 22.6% | 27.9% | 31.5% | 34.2% | 32.3% | 49.1% | 41.9% | 37.3% | 37.5% |
| Return on assets | 9.2% | 6.9% | 7.0% | 7.1% | 8.5% | 8.4% | 13.0% | 13.0% | 12.7% | 12.9% |
| Growth | ||||||||||
| Revenue growth | 30.2% | 31.3% | 18.0% | 13.1% | 9.4% | 19.1% | 35.6% | 4.1% | 5.9% | 1.0% |
| Net income growth | 45.0% | 7.0% | 33.1% | 24.5% | 42.7% | 22.2% | 88.1% | 9.1% | 5.3% | 3.4% |
| EPS growth | 44.7% | 5.7% | 34.6% | 30.3% | 43.4% | 22.6% | 93.0% | 11.2% | 5.7% | 6.7% |
| FCF growth | 538.7% | −19.8% | 65.5% | 18.7% | 101.9% | −31.2% | 129.3% | 19.9% | −9.8% | 19.7% |
| Share count change | 0.1% | 1.3% | −1.7% | −4.3% | −0.5% | −0.3% | −2.6% | −2.0% | −0.4% | −3.1% |
| Financial health | ||||||||||
| Net debt / EBITDA | 1.5x | 2.5x | 2.9x | 2.3x | 1.7x | 2.3x | 1.6x | 1.2x | 1.3x | 1.3x |
| Debt / equity | 1.0x | 1.7x | 2.5x | 2.3x | 1.8x | 2.1x | 1.8x | 1.3x | 1.3x | 1.3x |
| Interest coverage | 10.7x | 4.3x | 4.6x | 4.3x | 5.3x | 5.7x | 8.3x | 10.0x | 10.4x | 12.2x |
| Current ratio | 1.5x | 2.2x | 2.3x | 2.7x | 2.6x | 2.8x | 2.7x | 3.1x | 2.9x | 3.0x |
| Quick ratio | 1.2x | 1.9x | 1.9x | 2.4x | 2.3x | 2.3x | 2.2x | 2.6x | 2.4x | 2.4x |
| Capital allocation | ||||||||||
| Capex / revenue | 3.1% | 2.8% | 2.6% | 3.3% | 2.0% | 1.9% | 1.7% | 2.2% | 3.0% | 2.4% |
| Stock comp / revenue | 0.2% | 0.6% | 0.6% | 0.6% | 0.7% | 0.7% | 0.5% | 0.6% | 0.7% | 0.7% |
| Payouts / FCF | 0.0% | 0.0% | 145.5% | 0.0% | 23.1% | 34.9% | 86.2% | 24.9% | 91.5% | 86.5% |
| Quality scores | ||||||||||
| Piotroski F-score | 5.0 | 5.0 | 6.0 | 8.0 | 7.0 | 7.0 | 7.0 | 8.0 | 6.0 | 7.0 |
| Altman Z'' | 2.4 | 3.0 | 3.3 | 3.8 | 4.2 | 4.0 | 4.7 | 5.3 | 5.4 | 5.7 |
| Accruals ratio | −8.3% | −4.6% | −5.3% | −5.7% | −7.3% | −1.4% | −3.2% | −5.1% | −4.1% | −5.1% |
Source: SEC EDGAR XBRL filings (CIK 0001580905). Data updated October 19, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.