Installed Building Products, Inc. vs M/I HOMES, INC., two Homebuilders stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Installed Building Products installs insulation and building products for homebuilders; M/I Homes is one of those homebuilders, so the two sit on opposite sides of the same transaction. IBP earns a far higher return on equity, 38.17% against M/I's 11.26%, its capital-light installation model turning equity fast, but carries heavy debt, 1.66 turns, against M/I's clean sheet. IBP trades richly, 24.9 times earnings and 9.43 times book, M/I cheaply at 12.25 and 1.36. The pair contrasts a housing subcontractor with a homebuilder: IBP earns high returns installing what builders like M/I put into their homes, M/I earns solid returns building and selling them, and the market prices the installer as a growth story and the builder as a cyclical.
Comparison updated 2026-07-11.
| Metric | IBP | MHO |
|---|---|---|
| Price | $225.00 | $147.40 |
| Market cap | $6.1B | $3.9B |
| Sector | Homebuilders | Homebuilders |
| Stage | Mature | Mature |
| Implied growth (priced in) | — | -4.1% |
| P/E | 24.0 | 11.1 |
| P/B | 9.09 | 1.23 |
| P/S | 2.06 | 0.90 |
| EV/EBITDA | 15.2 | 8.6 |
| Revenue growth | +0.4% | -1.7% |
| Gross margin | 32.1% | — |
| Operating margin | 8.7% | 9.3% |
| Net margin | 8.7% | 8.2% |
| Return on equity | 38.2% | 11.3% |
| Return on assets | 11.4% | 7.5% |
| Return on invested capital | 15.6% | 11.2% |
| FCF yield | 5.2% | 5.1% |
| Dividend yield | 1.4% | — |
| Debt / equity | 1.66 | 0.00 |
| Current ratio | 3.35 | — |
| Altman Z (solvency) | 4.82 | 3.42 |
| Piotroski F (quality) | 5 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.