BLD · Topbuild Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.45B | - | $1.39B | $1.30B | $1.23B | - | $1.37B | $1.37B | $1.28B | - |
| Cost of Revenue | $1.05B | - | $974.24M | $903.36M | $881.80M | - | $951.46M | $941.69M | $891.57M | - |
| Gross Profit | $400.25M | - | $418.92M | $394.04M | $351.47M | - | $421.81M | $423.92M | $387.15M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $225.21M | - | $203.91M | $174.25M | $173.98M | - | $177.82M | $213.53M | $172.64M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $56.30M | - | $42.34M | $35.89M | $35.79M | - | - | - | $34.26M | - |
| Operating Income | $175.04M | - | $215.01M | $219.79M | $177.49M | - | $243.99M | $210.39M | $214.51M | - |
| Interest Expense | $36.62M | - | $28.41M | $20.55M | $18.80M | - | $18.45M | $18.57M | $18.80M | - |
| Income Tax | $34.93M | - | $48.28M | $51.99M | $42.59M | - | $58.94M | $52.45M | $54.61M | - |
| Net Income | $104.81M | - | $142.23M | $151.60M | $123.39M | - | $168.96M | $150.72M | $152.38M | - |
| EPS - Basic | $3.75 | - | $5.08 | $5.34 | $4.25 | - | $5.68 | $4.81 | $4.82 | - |
| EPS - Diluted | $3.73 | - | $5.04 | $5.32 | $4.23 | - | $5.65 | $4.78 | $4.79 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $268.85M | $184.74M | $1.14B | $842.49M | $308.81M | $400.32M | $257.34M | $463.22M | $968.81M | $848.57M |
| Accounts Receivable | $930.52M | $894.41M | $874.31M | $752.56M | $748.73M | $751.61M | $827.78M | $859.73M | $829.22M | $799.01M |
| Inventory | $515.14M | $505.17M | $385.64M | $385.47M | $406.06M | $406.66M | $392.21M | $393.81M | $375.06M | $364.73M |
| Accounts Payable | $471.22M | $440.21M | $463.80M | $417.50M | $422.79M | $456.45M | $461.48M | $461.14M | $467.86M | $469.58M |
| Current Assets | $1.76B | $1.63B | $2.45B | $2.02B | $1.49B | $1.60B | $1.52B | $1.76B | $2.20B | $2.05B |
| Total Assets | $6.71B | $6.61B | $6.41B | $5.12B | $4.60B | $4.74B | $4.65B | $4.90B | $5.31B | $5.16B |
| Current Liabilities | $879.62M | $844.82M | $842.70M | $714.28M | $738.51M | $767.18M | $756.14M | $752.25M | $784.37M | $771.54M |
| Long-term Debt | $2.77B | $2.78B | $2.80B | $1.83B | $1.31B | $1.33B | $1.34B | $1.35B | $1.36B | $1.37B |
| Total Liabilities | $4.31B | $4.29B | $4.19B | $2.98B | $2.48B | $2.53B | $2.54B | $2.55B | $2.60B | $2.60B |
| Stockholders' Equity | $2.40B | $2.32B | $2.22B | $2.14B | $2.12B | $2.21B | $2.11B | $2.36B | $2.71B | $2.56B |
| Retained Earnings | $3.62B | $3.52B | $3.41B | $3.27B | $3.12B | $2.99B | $2.84B | $2.67B | $2.52B | $2.37B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $160.74M | - | - | - | $152.59M | - | - | - | $178.78M | - |
| Investing Cash Flow | ($41.49M) | - | - | - | ($12.85M) | - | - | - | ($40.51M) | - |
| Financing Cash Flow | ($34.38M) | - | - | - | ($231.34M) | - | - | - | ($17.10M) | - |
| CapEx | $14.00M | - | - | - | $13.39M | - | - | - | $19.88M | - |
| Free Cash Flow | $146.74M | - | - | - | $139.19M | - | - | - | $158.90M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 27.7% | - | 30.1% | 30.4% | 28.5% | - | 30.7% | 31.0% | 30.3% | - |
| Operating margin | 12.1% | - | 15.4% | 16.9% | 14.4% | - | 17.8% | 15.4% | 16.8% | - |
| EBITDA margin | 16.0% | - | 18.5% | 19.7% | 17.3% | - | - | - | 19.5% | - |
| Net margin | 7.2% | - | 10.2% | 11.7% | 10.0% | - | 12.3% | 11.0% | 11.9% | - |
| Free cash flow margin | 10.1% | - | - | - | 11.3% | - | - | - | 12.4% | - |
| FCF / Net income | 1.40 | - | - | - | 1.13 | - | - | - | 1.04 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 15.6% | - | 14.6% | 13.4% | 14.1% | - | 12.9% | 15.6% | 13.5% | - |
| Effective tax rate | 25.0% | - | 25.3% | 25.5% | 25.7% | - | 25.9% | 25.8% | 26.4% | - |
| Return on assets | 1.6% | - | 2.2% | 3.0% | 2.7% | - | 3.6% | 3.1% | 2.9% | - |
| Return on equity | 4.4% | - | 6.4% | 7.1% | 5.8% | - | 8.0% | 6.4% | 5.6% | - |
| Return on invested capital | 2.5% | - | 3.2% | 4.1% | 3.8% | - | 5.2% | 4.2% | 3.9% | - |
| Liquidity | ||||||||||
| Current ratio | 2.00 | 1.94 | 2.90 | 2.83 | 2.02 | 2.08 | 2.01 | 2.34 | 2.81 | 2.66 |
| Quick ratio | 1.41 | 1.34 | 2.45 | 2.29 | 1.47 | 1.55 | 1.49 | 1.82 | 2.33 | 2.18 |
| Cash ratio | 0.31 | 0.22 | 1.36 | 1.18 | 0.42 | 0.52 | 0.34 | 0.62 | 1.24 | 1.10 |
| Leverage | ||||||||||
| Debt / Equity | 1.15 | 1.20 | 1.26 | 0.86 | 0.62 | 0.60 | 0.63 | 0.57 | 0.50 | 0.54 |
| Debt / Assets | 0.41 | 0.42 | 0.44 | 0.36 | 0.29 | 0.28 | 0.29 | 0.28 | 0.26 | 0.27 |
| Debt / EBITDA | 11.97 | - | 10.87 | 7.17 | 6.16 | - | - | - | 5.48 | - |
| Interest coverage | 4.8x | - | 7.6x | 10.7x | 9.4x | - | 13.2x | 11.3x | 11.4x | - |
| Equity multiplier | 2.79 | 2.85 | 2.88 | 2.39 | 2.17 | 2.14 | 2.20 | 2.08 | 1.96 | 2.01 |
| Liabilities / Assets | 0.64 | 0.65 | 0.65 | 0.58 | 0.54 | 0.53 | 0.55 | 0.52 | 0.49 | 0.50 |
| Efficiency | ||||||||||
| Asset turnover | 0.22 | - | 0.22 | 0.25 | 0.27 | - | 0.30 | 0.28 | 0.24 | - |
| Inventory turnover | 2.03 | - | 2.53 | 2.34 | 2.17 | - | 2.43 | 2.39 | 2.38 | - |
| Days sales outstanding | 235d | - | 229d | 212d | 222d | - | 220d | 230d | 237d | - |
| Days inventory outstanding | 180d | - | 144d | 156d | 168d | - | 150d | 153d | 154d | - |
| Days payable outstanding | 164d | - | 174d | 169d | 175d | - | 177d | 179d | 192d | - |
| Cash conversion cycle | 250d | - | 200d | 199d | 215d | - | 193d | 204d | 199d | - |
| Valuation | ||||||||||
| P / E | 94.2x | - | 77.6x | 60.9x | 72.1x | - | 72.0x | 80.6x | 92.0x | - |
| P / B | 4.1x | - | 5.0x | 4.3x | 4.2x | - | 5.8x | 5.2x | 5.2x | - |
| P / S | 6.8x | - | 7.9x | 7.1x | 7.2x | - | 8.9x | 8.9x | 11.0x | - |
| EV / EBITDA | 53.5x | - | 49.3x | 40.0x | 46.4x | - | - | - | 58.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 17.2% | - | 1.4% | -5.0% | -3.6% | - | 3.6% | 3.7% | 1.1% | - |
| Revenue CAGR (3y) | 4.5% | - | 2.3% | 0.6% | 1.8% | - | 17.5% | 17.9% | 19.8% | - |
| Revenue CAGR (5y) | 14.2% | - | 14.8% | 15.0% | 13.6% | - | 16.2% | 17.6% | 21.1% | - |
| Gross profit growth (YoY) | 13.9% | - | -0.7% | -7.0% | -9.2% | - | 0.3% | 0.5% | 4.6% | - |
| Operating income growth (YoY) | -1.4% | - | -11.9% | 4.5% | -17.3% | - | 2.7% | -11.3% | 7.6% | - |
| Net income growth (YoY) | -15.1% | - | -15.8% | 0.6% | -19.0% | - | 0.8% | -8.3% | 12.2% | - |
| EPS growth (YoY) | -11.8% | - | -10.8% | 11.3% | -11.7% | - | 7.2% | -7.7% | 11.9% | - |
| EPS CAGR (3y) | -4.5% | - | 1.9% | 6.5% | 6.8% | - | 25.2% | 20.7% | 38.6% | - |
| EPS CAGR (5y) | 15.7% | - | 19.0% | 26.1% | 22.9% | - | 28.7% | 25.9% | 34.5% | - |
| FCF growth (YoY) | 5.4% | - | - | - | -12.4% | - | - | - | 3.0% | - |
| FCF CAGR (5y) | 13.7% | - | - | - | 19.5% | - | - | - | 64.2% | - |
| Book value growth (YoY) | 13.6% | 4.8% | 5.2% | -9.0% | -22.0% | -13.8% | -12.2% | 5.3% | 31.3% | 32.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.37B totalInstallation Segment$2.47B · 73.2%
Distribution Segment$902.13M · 26.8%
Product / service
$3.18B totalInsulation And Accessories$2.36B · 74.3%
All Other Products$260.36M · 8.2%
Glass And Windows$231.06M · 7.3%
Roofing Materials$215.82M · 6.8%
Rain Gutters$111.11M · 3.5%
Peer comparison
Same SIC group: Construction - Special Trade Contractors
Comparing TopBuild Corp against the 5 most active filers in the same SIC group.