NYSE : BLD
TopBuild Corp. — Financial statements
Industrials · Engineering & Construction · United States
Last price 354.53 USD (At close: Jun 30, 2026) · Market cap 9.94B
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Financial statements
TopBuild Corp. (BLD) reported revenue of 5.62B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.62B | 5.41B | 5.33B | 5.19B | 5.01B | 3.49B |
| Cost of Revenue | 3.99B | 3.82B | 3.70B | 3.59B | 3.52B | 2.51B |
| Gross Profit | 1.63B | 1.59B | 1.62B | 1.60B | 1.49B | 974.39M |
| Selling, General & Admin | 797.99M | 745.96M | 710.67M | 725.00M | 689.55M | 497.97M |
| Operating Expenses | 797.99M | 745.96M | 710.67M | 725.00M | 689.55M | 497.97M |
| Operating Income | 830.19M | 846.93M | 914.24M | 878.83M | 797.16M | 476.42M |
| Interest Expense | -123.79M | -103.77M | -73.09M | -74.61M | -56.72M | -29.14M |
| Other Non Operating Income (Expenses) | 11.66M | 15.42M | 27.54M | 21.27M | 1.69M | 4.00K |
| EBT Excluding Unusual Items | 718.06M | 758.58M | 868.69M | 825.48M | 742.13M | 447.28M |
| Merger & Restructuring Charges | -40.70M | -55.00M | -27.90M | |||
| Other Unusual Items | -13.84M | |||||
| Pretax Income | 677.36M | 703.58M | 840.79M | 825.48M | 742.13M | 433.44M |
| Income Tax Expense | 174.20M | 181.86M | 218.19M | 211.23M | 186.15M | 109.43M |
| Earnings From Continuing Operations | 503.15M | 521.73M | 622.60M | 614.25M | 555.99M | 324.02M |
| Net Income | 503.15M | 521.73M | 622.60M | 614.25M | 555.99M | 324.02M |
| Net Income to Common | 503.15M | 521.73M | 622.60M | 614.25M | 555.99M | 324.02M |
| Shares Outstanding (Basic) | 28.07M | 28.33M | 30.50M | 31.60M | 32.21M | 32.80M |
| Shares Outstanding (Diluted) | 28.28M | 28.54M | 30.68M | 31.78M | 32.44M | 33.15M |
| EPS (Basic) | 17.92 | 18.41 | 20.41 | 19.44 | 17.26 | 9.88 |
| EPS (Diluted) | 17.80 | 18.28 | 20.29 | 19.33 | 17.14 | 9.78 |
| Free Cash Flow | 704.43M | 696.89M | 706.68M | 785.41M | 419.42M | 347.48M |
| Free Cash Flow Per Share | 24.91 | 24.42 | 23.03 | 24.72 | 12.93 | 10.48 |
| Gross Margin | 28.96% | 29.45% | 30.49% | 30.87% | 29.68% | 27.95% |
| Operating Margin | 14.77% | 15.66% | 17.15% | 16.92% | 15.92% | 13.67% |
| Profit Margin | 8.95% | 9.64% | 11.68% | 11.82% | 11.10% | 9.29% |
| Free Cash Flow Margin | 12.53% | 12.88% | 13.26% | 15.12% | 8.37% | 9.97% |
| EBITDA | 1.02B | 1.02B | 1.05B | 1.01B | 920.50M | 555.81M |
| EBITDA Margin | 18.14% | 18.79% | 19.79% | 19.48% | 18.38% | 15.94% |
| D&A For EBITDA | 189.88M | 169.37M | 140.49M | 132.88M | 123.33M | 79.39M |
| EBIT | 830.19M | 846.93M | 914.24M | 878.83M | 797.16M | 476.42M |
| EBIT Margin | 14.77% | 15.66% | 17.15% | 16.92% | 15.92% | 13.67% |
| Effective Tax Rate | 25.72% | 25.85% | 25.95% | 25.59% | 25.08% | 25.25% |
| Advertising Expenses | 3.40M | 1.50M | 3.00M | 2.90M | 2.30M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 268.85M | 184.74M | 400.32M | 848.57M | 240.07M | 139.78M |
| Cash & Short-Term Investments | 268.85M | 184.74M | 400.32M | 848.57M | 240.07M | 139.78M |
| Receivables | 930.52M | 894.41M | 751.61M | 799.01M | 836.07M | 668.42M |
| Inventory | 515.14M | 505.17M | 406.66M | 364.73M | 438.64M | 352.80M |
| Prepaid Expenses | 42.15M | 50.48M | 40.38M | 36.94M | 34.26M | 26.69M |
| Total Current Assets | 1.76B | 1.63B | 1.60B | 2.05B | 1.55B | 1.19B |
| Property, Plant & Equipment | 548.06M | 562.95M | 456.14M | 469.12M | 459.38M | 421.75M |
| Goodwill | 3.07B | 3.05B | 2.11B | 2.04B | 1.97B | 1.95B |
| Other Intangible Assets | 1.33B | 1.35B | 557.69M | 591.06M | 614.97M | 684.21M |
| Other Long-Term Assets | 10.46M | 10.73M | 10.37M | 10.87M | 16.45M | 15.12M |
| Total Assets | 6.71B | 6.61B | 4.74B | 5.16B | 4.61B | 4.26B |
| Accounts Payable | 471.22M | 440.21M | 456.45M | 469.58M | 487.11M | 461.92M |
| Accrued Expenses | 178.82M | 211.05M | 173.13M | 168.85M | 177.43M | 161.58M |
| Current Portion of Long-Term Debt | 62.50M | 62.50M | 48.75M | 47.04M | 40.07M | 38.64M |
| Current Portion of Leases | 93.91M | 92.74M | 70.20M | 67.70M | 63.09M | 56.98M |
| Current Unearned Revenue | 37.28M | 38.31M | 18.65M | 18.36M | 21.94M | 14.31M |
| Total Current Liabilities | 879.62M | 844.82M | 767.18M | 771.54M | 789.64M | 733.43M |
| Long-Term Debt | 2.77B | 2.78B | 1.33B | 1.37B | 1.42B | 1.45B |
| Long-Term Leases | 201.10M | 211.75M | 131.98M | 150.36M | 156.62M | 133.11M |
| Long-Term Deferred Tax Liabilities | 395.76M | 387.59M | 240.34M | 243.93M | 251.48M | 248.24M |
| Other Long-Term Liabilities | 60.43M | 60.80M | 59.15M | 60.34M | 62.13M | 52.84M |
| Total Liabilities | 4.31B | 4.29B | 2.53B | 2.60B | 2.68B | 2.62B |
| Common Stock | 397.00K | 396.00K | 396.00K | 394.00K | 393.00K | 391.00K |
| Additional Paid-In Capital | 950.26M | 945.30M | 926.14M | 906.33M | 887.37M | 873.03M |
| Retained Earnings | 3.62B | 3.52B | 2.99B | 2.37B | 1.76B | 1.20B |
| Treasury Stock | -2.14B | -2.12B | -1.68B | -699.33M | -692.80M | -431.03M |
| Comprehensive Income & Other | -24.16M | -19.82M | -29.21M | -14.66M | -21.92M | -6.63M |
| Shareholders' Equity | 2.40B | 2.32B | 2.21B | 2.56B | 1.93B | 1.64B |
| Total Liabilities & Equity | 6.71B | 6.61B | 4.74B | 5.16B | 4.61B | 4.26B |
| Total Debt | 3.13B | 3.15B | 1.58B | 1.64B | 1.68B | 1.68B |
| Net Cash (Debt) | -2.86B | -2.97B | -1.18B | -789.56M | -1.44B | -1.54B |
| Net Cash Per Share | -101.08 | -103.94 | -38.39 | -24.85 | -44.30 | -46.56 |
| Filing Date Shares Outstanding | 28.03M | 27.99M | 29.05M | 31.58M | 31.50M | 32.68M |
| Total Common Shares Outstanding | 28.03M | 27.92M | 29.19M | 31.58M | 31.47M | 32.68M |
| Working Capital | 877.04M | 789.98M | 831.79M | 1.28B | 759.40M | 454.26M |
| Book Value Per Share | 85.79 | 82.97 | 75.69 | 81.18 | 61.32 | 50.07 |
| Tangible Book Value | -1.99B | -2.08B | -460.33M | -69.97M | -652.25M | -997.54M |
| Tangible Book Value Per Share | -71.06 | -74.54 | -15.77 | -2.22 | -20.73 | -30.52 |
| Land | 7.35M | 7.35M | 7.46M | 7.44M | 7.78M | |
| Buildings | 49.74M | 47.57M | 47.38M | 47.38M | 45.48M | |
| Machinery | 688.00M | 630.78M | 589.50M | 532.71M | 478.48M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 503.15M | 521.73M | 622.60M | 614.25M | 555.99M | 324.02M |
| Depreciation & Amortization | 189.88M | 169.37M | 140.49M | 132.88M | 123.33M | 79.39M |
| Other Amortization | 4.11M | 3.62M | 2.88M | 2.88M | 2.87M | 2.04M |
| Loss (Gain) From Sale of Assets | 578.00K | 1.08M | 1.01M | 2.35M | 1.83M | 1.36M |
| Asset Writedown & Restructuring Costs | -426.00K | 9.44M | ||||
| Stock-Based Compensation | 16.23M | 16.64M | 16.58M | 15.84M | 12.31M | 11.32M |
| Provision & Write-off of Bad Debts | 14.24M | 14.50M | 15.74M | 6.48M | 5.51M | 7.30M |
| Other Operating Activities | -5.90M | -8.05M | 1.80M | -4.70M | 19.10M | 12.83M |
| Change in Accounts Receivable | 42.35M | 79.77M | 56.02M | 20.81M | -169.33M | -69.04M |
| Change in Inventory | 968.00K | 17.09M | -41.72M | 74.53M | -93.87M | -46.52M |
| Change in Accounts Payable | -1.62M | -65.43M | -30.42M | -8.87M | 26.58M | 54.96M |
| Change in Other Net Operating Assets | 900.00K | -3.44M | -8.96M | -7.04M | 11.48M | 25.37M |
| Operating Cash Flow | 764.47M | 756.32M | 776.03M | 849.41M | 495.80M | 403.02M |
| Capital Expenditures | -60.03M | -59.43M | -69.35M | -64.00M | -76.38M | -55.55M |
| Sale of Property, Plant & Equipment | 1.36M | 1.22M | 2.59M | 14.98M | 2.98M | 415.00K |
| Cash Acquisitions | -1.96B | -1.93B | -136.77M | -149.15M | -20.50M | -1.27B |
| Investing Cash Flow | -2.02B | -1.99B | -203.52M | -198.17M | -93.91M | -1.32B |
| Short-Term Debt Issued | 178.00M | 70.00M | ||||
| Long-Term Debt Issued | 2.00B | 1.22B | ||||
| Total Debt Issued | 2.24B | 2.18B | 70.00M | 1.22B | ||
| Short-Term Debt Repaid | -178.00M | -70.00M | ||||
| Long-Term Debt Repaid | -519.22M | -47.04M | -40.14M | -38.66M | -433.07M | |
| Total Debt Repaid | -768.46M | -697.22M | -47.04M | -40.14M | -108.66M | -433.07M |
| Net Debt Issued (Repaid) | 1.47B | 1.48B | -47.04M | -40.14M | -38.66M | 785.68M |
| Issuance of Common Stock | 4.17M | 2.77M | 3.23M | 3.13M | 2.03M | 3.30M |
| Repurchase of Common Stock | -247.55M | -449.35M | -972.46M | -6.53M | -261.77M | -44.36M |
| Other Financing Activities | -17.43M | -17.43M | -300.00K | -1.67M | -15.62M | |
| Financing Cash Flow | 1.21B | 1.02B | -1.02B | -43.84M | -300.07M | 729.01M |
| Foreign Exchange Rate Adjustments | 925.00K | 1.78M | -4.48M | 1.09M | -1.53M | -15.00K |
| Net Cash Flow | -39.96M | -215.58M | -448.25M | 608.50M | 100.29M | -190.23M |
| Free Cash Flow | 704.43M | 696.89M | 706.68M | 785.41M | 419.42M | 347.48M |
| Free Cash Flow Margin | 12.53% | 12.88% | 13.26% | 15.12% | 8.37% | 9.97% |
| Free Cash Flow Per Share | 24.91 | 24.42 | 23.03 | 24.72 | 12.93 | 10.48 |
| Levered Free Cash Flow | 396.20M | 384.63M | 609.77M | 668.84M | 312.53M | 73.38M |
| Unlevered Free Cash Flow | 469.46M | 445.86M | 652.58M | 712.59M | 345.11M | 89.56M |
| Cash Interest Paid | 88.46M | 88.46M | 69.97M | 71.46M | 49.89M | 22.14M |
| Cash Income Tax Paid | 186.92M | 186.92M | 219.48M | 220.77M | 186.72M | 109.18M |
| Change in Working Capital | 42.60M | 28.00M | -25.09M | 79.43M | -225.14M | -35.23M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.94B | 11.64B | 9.13B | 11.83B | 4.98B | 9.02B |
| Enterprise Value | 12.80B | 13.59B | 10.46B | 12.87B | 6.49B | 9.50B |
| Last Close Price | 354.53 | 417.19 | 311.34 | 374.26 | 156.49 | 275.91 |
| PE Ratio | 19.92 | 22.32 | 14.66 | 19.26 | 8.95 | 27.84 |
| Forward PE | 19.00 | 20.34 | 14.29 | 18.29 | 9.93 | 21.33 |
| PS Ratio | 1.77 | 2.15 | 1.71 | 2.28 | 0.99 | 2.59 |
| PB Ratio | 4.13 | 5.03 | 4.13 | 4.61 | 2.58 | 5.51 |
| P/FCF Ratio | 14.11 | 16.71 | 12.92 | 15.06 | 11.87 | 25.96 |
| P/OCF Ratio | 13.00 | 15.40 | 11.76 | 13.93 | 10.04 | 22.38 |
| PEG Ratio | 4.65 | 6.67 | 1.89 | 1.83 | 1.01 | 1.01 |
| EV/Sales Ratio | 2.28 | 2.51 | 1.96 | 2.48 | 1.29 | 2.73 |
| EV/EBITDA Ratio | 12.54 | 13.37 | 9.92 | 12.72 | 7.05 | 17.09 |
| EV/EBIT Ratio | 15.41 | 16.05 | 11.44 | 14.64 | 8.14 | 19.94 |
| EV/FCF Ratio | 18.16 | 19.50 | 14.80 | 16.38 | 15.47 | 27.34 |
| Debt / Equity Ratio | 1.30 | 1.36 | 0.71 | 0.64 | 0.87 | 1.03 |
| Debt / EBITDA Ratio | 2.68 | 2.72 | 1.34 | 1.46 | 1.65 | 2.69 |
| Debt / FCF Ratio | 4.44 | 4.52 | 2.23 | 2.09 | 4.00 | 4.84 |
| Net Debt / Equity Ratio | 1.19 | 1.28 | 0.53 | 0.31 | 0.74 | 0.94 |
| Net Debt / EBITDA Ratio | 2.80 | 2.92 | 1.12 | 0.78 | 1.56 | 2.78 |
| Net Debt / FCF Ratio | 4.06 | 4.26 | 1.67 | 1.00 | 3.43 | 4.44 |
| Asset Turnover | 0.99 | 0.95 | 1.08 | 1.06 | 1.13 | 0.99 |
| Inventory Turnover | 8.67 | 8.37 | 9.61 | 8.94 | 8.90 | 9.77 |
| Quick Ratio | 1.36 | 1.28 | 1.50 | 2.13 | 1.36 | 1.10 |
| Current Ratio | 2.00 | 1.94 | 2.08 | 2.66 | 1.96 | 1.62 |
| Return on Equity (ROE) | 22.26% | 23.06% | 26.09% | 27.34% | 31.18% | 21.71% |
| Return on Assets (ROA) | 9.18% | 9.34% | 11.54% | 11.24% | 11.24% | 8.42% |
| Return on Invested Capital (ROIC) | 11.70% | 14.49% | 20.09% | 19.46% | 18.25% | 14.27% |
| Return on Capital Employed (ROCE) | 14.20% | 14.70% | 23.00% | 20.00% | 20.90% | 13.50% |
| Earnings Yield | 5.06% | 4.48% | 6.82% | 5.19% | 11.17% | 3.59% |
| FCF Yield | 7.09% | 5.99% | 7.74% | 6.64% | 8.43% | 3.85% |
| Buyback Yield / Dilution | 5.77% | 6.97% | 3.45% | 2.04% | 2.13% | 0.46% |