Green Brick Partners vs Installed Building Products
Add, change or remove companies; up to four.
The short version
- Installed Building Products is the larger business, with $3.0B of revenue in fiscal 2025 against $2.0B for Green Brick Partners.
- Installed Building Products grew revenue faster (1.0%, against −1.0%).
- Installed Building Products earned a higher return on the capital invested in it (22.6%, against 17.9%).
- Investors pay more for each dollar of Installed Building Products’s earnings: a P/E of 21.5x against 9.7x for Green Brick Partners.
| Latest fiscal year | GRBK · FY25 | IBP · FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.8B | $5.3B |
| Revenue | $2.0B | $3.0B |
| Free cash flow | $208M | $301M |
| Net income | $313M | $265M |
| Growth | ||
| Revenue growth | −1.0% | 1.0% |
| 5-year growth | 15.9% | 12.4% |
| Share count change | −2.0% | −3.1% |
| Profitability | ||
| Gross margin | 31.4% | 34.0% |
| Operating margin | — | 13.0% |
| Net margin | 15.4% | 8.9% |
| FCF margin | 10.2% | 10.1% |
| Return on capital | 17.9% | 22.6% |
| Return on equity | 18.0% | 37.5% |
| Balance sheet | ||
| Net debt | $132M | $571M |
| Net debt / EBITDA | 0.3x | 1.3x |
| Dividends and buybacks | $86.7M | $260M |
| Valuation & quality | ||
| P/E | 9.7x | 21.5x |
| Piotroski F-score | — | 7 |
Revenue
FY16
GRBK $391M
IBP $863M
FY17
GRBK $458M
IBP $1.1B
FY18
GRBK $624M
IBP $1.3B
FY19
GRBK $792M
IBP $1.5B
FY20
GRBK $976M
IBP $1.7B
FY21
GRBK $1.4B
IBP $2.0B
FY22
GRBK $1.8B
IBP $2.7B
FY23
GRBK $1.7B
IBP $2.8B
FY24
GRBK $2.1B
IBP $2.9B
FY25
GRBK $2.0B
IBP $3.0B
GRBK
IBP
Operating margin
FY16
GRBK 12.6%
IBP 7.7%
FY17
GRBK 13.1%
IBP 6.6%
FY18
GRBK 11.5%
IBP 7.0%
FY19
GRBK —
IBP 8.0%
FY20
GRBK —
IBP 9.8%
FY21
GRBK —
IBP 9.5%
FY22
GRBK —
IBP 12.9%
FY23
GRBK —
IBP 13.3%
FY24
GRBK —
IBP 13.0%
FY25
GRBK —
IBP 13.0%
GRBK
IBP
Free cash flow
FY16
GRBK −$5.3M
IBP $46.3M
FY17
GRBK −$18.2M
IBP $37.1M
FY18
GRBK −$42.7M
IBP $61.4M
FY19
GRBK −$24.6M
IBP $72.9M
FY20
GRBK $32.2M
IBP $147M
FY21
GRBK −$94.4M
IBP $101M
FY22
GRBK $88.7M
IBP $232M
FY23
GRBK $206M
IBP $279M
FY24
GRBK $21.6M
IBP $251M
FY25
GRBK $208M
IBP $301M
GRBK
IBP
Return on capital
FY16
GRBK 7.9%
IBP 16.3%
FY17
GRBK 6.2%
IBP 14.5%
FY18
GRBK —
IBP 14.0%
FY19
GRBK —
IBP 15.4%
FY20
GRBK 15.0%
IBP 18.9%
FY21
GRBK 20.7%
IBP 17.9%
FY22
GRBK 25.2%
IBP 24.4%
FY23
GRBK 21.7%
IBP 23.5%
FY24
GRBK 25.3%
IBP 23.4%
FY25
GRBK 17.9%
IBP 22.6%
GRBK
IBP
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.