Installed Building Products, Inc. vs Toll Brothers, Inc., two Homebuilders stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Installed Building Products installs building products for homes; Toll Brothers builds luxury ones, and IBP earns the higher return, 38.17% on equity against Toll's 15.18%, though on heavy debt against Toll's clean balance sheet. Toll nets more, 11.66% against IBP's 8.65%, and trades far cheaper, 12.4 times earnings and 1.85 times book against IBP's 24.9 and 9.43. Both convert solid free cash. The pair contrasts a leveraged installer with a debt-free luxury builder: IBP's returns come from fast-turning installation work on borrowed capital, Toll's from luxury homebuilding on its own balance sheet, and Toll offers fatter margins, no leverage, and a far lower multiple, the more conservative way to own the housing cycle.
Comparison updated 2026-07-11.
| Metric | IBP | TOL |
|---|---|---|
| Price | $225.00 | $149.36 |
| Market cap | $6.1B | $14.3B |
| Sector | Homebuilders | Homebuilders |
| Stage | Mature | Mature |
| Implied growth (priced in) | — | +0.6% |
| P/E | 24.0 | 11.3 |
| P/B | 9.09 | 1.69 |
| P/S | 2.06 | 1.29 |
| EV/EBITDA | 15.2 | 8.1 |
| Revenue growth | +0.4% | +4.6% |
| Gross margin | 32.1% | — |
| Operating margin | 8.7% | 13.7% |
| Net margin | 8.7% | 11.7% |
| Return on equity | 38.2% | 15.2% |
| Return on assets | 11.4% | 8.9% |
| Return on invested capital | 15.6% | 15.1% |
| FCF yield | 5.2% | 8.5% |
| Dividend yield | 1.4% | 0.7% |
| Debt / equity | 1.66 | 0.00 |
| Current ratio | 3.35 | — |
| Altman Z (solvency) | 4.82 | 3.12 |
| 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.