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BLDTopBuild Corp.
$354.25$10.0B
Overview & Verdict
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BLD logoTopBuild Corp.(BLD)Earnings, Financials & Key Ratios

BLD•NYSE
$354.25
19.4× P/E·Price updated Jul 6, 2026
SectorIndustrialsIndustryEngineering & ConstructionSub-IndustryBuilding systems and specialty trades
AboutTopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services. The company also offers various services and tools to assist builders in applying the principles of building science to new home construction, which include pre-construction plan reviews, diagnostic testing, and various inspection services; and home energy rating services. In addition, it distributes building and mechanical insulation, insulation accessories, and other building product materials for the residential, commercial, and industrial end markets. The company serves single-family homebuilders, single-family custom builders, multi-family builders, commercial general contractors, remodelers, and individual homeowners, as well as insulation contractors, gutter contractors, weatherization contractors, other contractors, dealers, metal building erectors, and modular home builders. It operates approximately 235 installation branches and 175 distribution centers in the United States and Canada. The company was formerly known as Masco SpinCo Corp. and changed its name to TopBuild Corp. in March 2015. TopBuild Corp. was incorporated in 2015 and is headquartered in Daytona Beach, Florida.Show more
  • Revenue$5.41B+1.5%
  • EBITDA$961M-6.4%
  • Net Income$522M-16.2%
  • EPS (Diluted)18.27-10.0%
  • Gross Margin29.01%-4.9%
  • EBITDA Margin17.77%-7.8%
  • Operating Margin14.64%-12.0%
  • Net Margin9.65%-17.4%
  • ROE23.06%-11.6%

BLD Price & Volume

TopBuild Corp. (BLD) stock price & volume — 10-year historical chart

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Acquisition Driven Growth Masks Structural Margin Compression

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Mixed
Cash Flow:Mixed
Primary Risk:Cyclical Residential Exposure

Key Thesis Takeaways

  • TopBuild's reliance on inorganic expansion has significantly altered its capital structure, with total debt climbing to $3.1 billion by 2026Q1 to fund aggressive consolidation.
  • While the company achieved 17.2% revenue growth in 2026Q1, investors should monitor the sustainability of this trajectory given the downward trend in gross margins from 31.0% in 2024Q2 to 27.7% in 2026Q1.
  • The heavy concentration of goodwill, now representing 46% of total assets, warrants caution regarding the long-term quality of the balance sheet and the company's ability to integrate future targets effectively.

Verdict Logic

while the company maintains a forward P/E of 23.45, the combination of rising debt-to-equity ratios reaching 1.30 and declining gross margins suggests that the current valuation may not fully account for the risks associated with its acquisition-heavy growth strategy.

BLD Growth Metrics

TopBuild Corp. (BLD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.84%
5 Years14.76%
3 Years2.6%
TTM6.38%

Profit CAGR

10 Years20.78%
5 Years16.13%
3 Years-2.1%
TTM-15.24%

EPS CAGR

10 Years24.21%
5 Years19.75%
3 Years2.15%
TTM-10.07%

Return on Capital

10 Years15.79%
5 Years19.34%
3 Years19.56%
Last Year16.07%

BLD Recent Earnings

TopBuild Corp. (BLD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 5, 2026
Metric
Actual
Est
EPS
$3.75+3.0%
$3.64
Rev
$1.4B+2.5%
$1.4B
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$4.50+2.5%
$4.39
Rev
$1.5B-0.3%
$1.5B
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$5.36+1.5%
$5.28
Rev
$1.4B+1.0%
$1.4B
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$5.31+4.7%
$5.07
Rev
$1.3B-4.0%
$1.4B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$3.75vs $3.64+3.0%
$1.4Bvs $1.4B+2.5%
Q1 2026Feb 26, 2026
$4.50vs $4.39+2.5%
$1.5Bvs $1.5B-0.3%
Q4 2025Nov 4, 2025
$5.36vs $5.28+1.5%
$1.4Bvs $1.4B+1.0%
Q3 2025Aug 5, 2025
$5.31vs $5.07+4.7%
$1.3Bvs $1.4B-4.0%
Based on last 12 quarters of dataView full earnings history →

Latest BLD News

Recent stock market news and headlines for TopBuild Corp. (BLD)

The Motley Fool·6 days ago
Stock Market Today, June 30: QXO Falls After TopBuild Merger-Election Results Show Most Shareholders Opt for Cash

Expand NYSE: QXO QXO Today's Change (-3.03%) $-0.54 Current Price $17.28 Key Data Points Market Cap $13B Day's Range $16.33 - $18.60 52wk Range $14.75 - $27.61 Volume 89.9M Avg Vol 16.6M Gross Margin 16.24% QXO (QXO 3.03%), a roofing and building products distributor, closed at $17.28, down 3.03%. Merger-election results for TopBuild showed most shareholders choosing cash, and investors are watching the expected July 1 close.Trading volume reached 87.3 million shares, more than five times the three-month average of 16.3 million shares.

Business Wire·Jun 30, 2026
QXO and TopBuild Announce Stockholder Election Results for Merger Consideration

GREENWICH, Conn. & DAYTONA BEACH, Fla.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (“QXO”) and TopBuild Corp. (NYSE: BLD) (“TopBuild”) today announced the results of TopBuild stockholders' elections regarding the form of merger consideration (the “Merger Consideration”) to be received in connection with QXO's acquisition of TopBuild (the “Transaction”). As previously disclosed, the deadline for making an election was 5:00 p.m. Eastern Time on June 29, 2026 (the “Election Deadline”). The parties exp.

Fool - Investing News·Jun 30, 2026
Breakfast News: AeroVironment's Best Ever Year

AVAV soars on revenue beat, investor demand drives GLW and RBLX, and more

Business Wire·Jun 29, 2026
QXO and TopBuild Stockholders Overwhelmingly Approve QXO's Acquisition of TopBuild

GREENWICH, Conn. & DAYTONA BEACH, Fla.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (“QXO”) and TopBuild Corp. (NYSE: BLD) (“TopBuild”) today announced that stockholders of both companies overwhelmingly approved all proposals required for QXO to complete its acquisition of TopBuild at the companies' respective Special Meetings held today. Approximately 99% of the votes cast at QXO's Special Meeting were in favor of approving the issuance of shares of QXO common stock in connection with the transacti.

Peers Comparison

Key metrics vs top competitors for TopBuild Corp. (BLD)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BLD logoBLDTopBuild Corp.Current
$354.25$9.97B19.391.49%9.65%23.06%—
IBOC logoIBOCInternational Bancshares Corporation
$76.11$4.73B11.501.03%39.31%13.16%—
IBP logoIBPInstalled Building Products, Inc.
$225.74$6.08B23.251%8.65%37.46%—
AWI logoAWIArmstrong World Industries, Inc.
$159.60$6.81B22.5412.11%18.59%34.81%—
AAON logoAAONAAON, Inc.
$109.35$8.96B84.7720.11%7.3%13.4%—
AMWD logoAMWDAmerican Woodmark Corporation
$48.09$700.65M7.40-7.47%1.15%1.91%—

Compare BLD vs Peers

TopBuild Corp. (BLD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IBOC

Most directly comparable listed peer for BLD.

Scale Benchmark

vs DHI

Larger-name benchmark to compare BLD against a more recognizable public peer.

Peer Set

Compare Top 5

vs IBOC, IBP, AWI, AAON

BLD SEC Filings & Documents

TopBuild Corp. (BLD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Apr 28, 2026·SEC

Material company update

Apr 27, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 25, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 5, 2025·SEC

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BLD Frequently Asked Questions

TopBuild Corp. (BLD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is TopBuild Corp.'s revenue?

TopBuild Corp. (BLD) reported $5.62B in revenue for fiscal year 2025. This represents a 298% increase from $1.41B in 2013.

How fast is TopBuild Corp. growing?

TopBuild Corp. (BLD) grew revenue by 1.5% over the past year. Growth has been modest.

Is BLD profitable?

Yes, TopBuild Corp. (BLD) is profitable, generating $503.2M in net income for fiscal year 2025 (9.6% net margin).

Dividend & Returns
What is BLD's return on equity?

TopBuild Corp. (BLD) has a return on equity (ROE) of 23.1%. This is excellent, indicating efficient use of shareholder capital.

What is TopBuild Corp.'s free cash flow?

TopBuild Corp. (BLD) generated $704.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in BLD back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

See returns →