BLDR · Builders Firstsource, Inc. - 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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $15.19B | $16.40B | $17.10B | $22.73B | $19.89B | $8.56B |
| Cost of Revenue | $10.57B | $11.02B | $11.08B | $14.98B | $14.04B | $6.34B |
| Gross Profit | $4.62B | $5.38B | $6.01B | $7.74B | $5.85B | $2.22B |
| R&D | - | - | - | - | - | - |
| SG&A | $3.83B | $3.79B | $3.84B | $3.97B | $3.46B | $1.68B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $591.43M | $561.93M | $558.27M | $497.14M | $547.35M | $116.57M |
| Operating Income | $786.28M | $1.60B | $2.18B | $3.77B | $2.39B | $543.85M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $77.18M | $309.63M | $443.65M | $822.46M | $526.13M | $94.63M |
| Net Income | $435.20M | $1.08B | $1.54B | $2.75B | $1.73B | $313.54M |
| EPS - Basic | $3.91 | $9.13 | $12.06 | $16.98 | $8.55 | $2.69 |
| EPS - Diluted | $3.89 | $9.06 | $11.94 | $16.82 | $8.48 | $2.66 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $181.75M | $153.62M | $66.16M | $80.44M | $42.60M | $423.81M |
| Accounts Receivable | $1.06B | $1.16B | $1.44B | $1.45B | $1.71B | $880.02M |
| Inventory | $1.09B | $1.21B | $1.23B | $1.43B | $1.63B | $784.53M |
| Accounts Payable | $714.71M | $868.05M | $881.38M | $803.48M | $1.09B | $600.36M |
| Current Assets | $2.93B | $3.14B | $3.30B | $3.50B | $3.97B | $2.22B |
| Total Assets | $11.24B | $10.58B | $10.50B | $10.60B | $10.71B | $4.17B |
| Current Liabilities | $1.57B | $1.78B | $1.86B | $1.84B | $2.13B | $1.07B |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $6.89B | $6.29B | $5.77B | $5.63B | $5.91B | $3.02B |
| Stockholders' Equity | $4.35B | $4.30B | $4.73B | $4.96B | $4.80B | $1.15B |
| Retained Earnings | $153.87M | $24.07M | $460.18M | $703.51M | $540.01M | $562.37M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.22B | $1.87B | $2.31B | $3.60B | $1.74B | $260.07M |
| Investing Cash Flow | ($1.47B) | ($710.72M) | ($668.29M) | ($957.48M) | ($1.34B) | ($136.22M) |
| Financing Cash Flow | $279.42M | ($1.07B) | ($1.65B) | ($2.60B) | ($780.11M) | $285.87M |
| CapEx | $362.60M | $380.57M | $476.33M | $340.15M | $227.89M | $112.08M |
| Free Cash Flow | $853.28M | $1.49B | $1.83B | $3.26B | $1.52B | $147.99M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 30.4% | 32.8% | 35.2% | 34.1% | 29.4% | 26.0% |
| Operating margin | 5.2% | 9.7% | 12.7% | 16.6% | 12.0% | 6.4% |
| EBITDA margin | 9.1% | 13.2% | 16.0% | 18.8% | 14.8% | 7.7% |
| Net margin | 2.9% | 6.6% | 9.0% | 12.1% | 8.7% | 3.7% |
| Free cash flow margin | 5.6% | 9.1% | 10.7% | 14.3% | 7.6% | 1.7% |
| FCF / Net income | 1.96 | 1.38 | 1.19 | 1.19 | 0.88 | 0.47 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 25.2% | 23.1% | 22.4% | 17.5% | 17.4% | 19.6% |
| Effective tax rate | 15.1% | 22.3% | 22.4% | 23.0% | 23.4% | 23.2% |
| Return on assets | 3.9% | 10.2% | 14.7% | 25.9% | 16.1% | 7.5% |
| Return on equity | 10.0% | 25.1% | 32.6% | 55.4% | 35.9% | 27.2% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.86 | 1.77 | 1.77 | 1.90 | 1.86 | 2.07 |
| Quick ratio | 1.16 | 1.09 | 1.11 | 1.12 | 1.10 | 1.34 |
| Cash ratio | 0.12 | 0.09 | 0.04 | 0.04 | 0.02 | 0.39 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.58 | 2.46 | 2.22 | 2.14 | 2.23 | 3.62 |
| Liabilities / Assets | 0.61 | 0.59 | 0.55 | 0.53 | 0.55 | 0.72 |
| Efficiency | ||||||
| Asset turnover | 1.35 | 1.55 | 1.63 | 2.14 | 1.86 | 2.05 |
| Inventory turnover | 9.66 | 9.09 | 9.02 | 10.50 | 8.64 | 8.08 |
| Days sales outstanding | 25d | 26d | 31d | 23d | 31d | 38d |
| Days inventory outstanding | 38d | 40d | 40d | 35d | 42d | 45d |
| Days payable outstanding | 25d | 29d | 29d | 20d | 28d | 35d |
| Cash conversion cycle | 39d | 37d | 42d | 38d | 45d | 48d |
| Valuation | ||||||
| P / E | 26.4x | 15.8x | 14.0x | 3.9x | 10.1x | 15.3x |
| P / B | 2.6x | 4.0x | 4.6x | 2.1x | 3.6x | 4.2x |
| P / S | 0.8x | 1.0x | 1.3x | 0.5x | 0.9x | 0.6x |
| EV / EBITDA | 8.2x | 7.8x | 7.9x | 2.5x | 5.9x | 6.6x |
| Growth | ||||||
| Revenue growth (YoY) | -7.4% | -4.1% | -24.8% | 14.2% | 132.4% | 17.6% |
| Revenue CAGR (3y) | -12.6% | -6.2% | 25.9% | 46.1% | 46.2% | 6.8% |
| Revenue CAGR (5y) | 12.2% | 17.6% | 21.8% | 26.4% | 25.6% | 19.1% |
| Gross profit growth (YoY) | -14.3% | -10.5% | -22.4% | 32.4% | 163.3% | 12.4% |
| Operating income growth (YoY) | -50.7% | -26.7% | -42.3% | 57.9% | 339.0% | 38.6% |
| Net income growth (YoY) | -59.6% | -30.0% | -44.0% | 59.3% | 450.3% | 41.4% |
| EPS growth (YoY) | -57.1% | -24.1% | -29.0% | 98.3% | 218.8% | 40.0% |
| EPS CAGR (3y) | -38.6% | 2.2% | 65.0% | 106.9% | 68.9% | 98.5% |
| EPS CAGR (5y) | 7.9% | 36.7% | 46.7% | 118.2% | 46.2% | - |
| FCF growth (YoY) | -42.8% | -18.5% | -43.8% | 115.0% | 924.2% | -62.2% |
| FCF CAGR (5y) | 42.0% | 30.7% | 100.3% | 94.8% | 67.3% | 2.1% |
| Book value growth (YoY) | 1.3% | -9.2% | -4.6% | 3.3% | 316.6% | 39.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$15.19B totalSpecialty Building Products And Services$4.07B · 26.8%
Lumber And Lumber Sheet Goods$3.88B · 25.5%
Windows Doors And Millwork$3.84B · 25.3%
Manufactured Products$3.41B · 22.5%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.93
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Retail-Lumber & Other Building Materials Dealers
Comparing Builders FirstSource against the 5 most active filers in the same SIC group.