TopBuild Corp., headquartered in Daytona Beach, Florida, is a leading installer of insulation and commercial roofing and a specialty distributor of insulation and other building products to the construction industry in the United States and Canada. On July 1, 2015, we began trading on the NYSE under the symbol “BLD.” Segment Overview We operate in two segments: our Installation Services segment, which accounts for approximately 59% of our sales, and our Specialty Distribution segment, which accounts for approximately 41% of our sales. We believe that having both Installation Services and Specialty Distribution provides us with a number of distinct competitive advantages. First, the combined buying power of our two business segments, along with our scale, strengthens our ties to the major manufacturers of insulation, commercial roofing and other building products. This enables us to buy competitively and ensures the availability of supply to our local branches and distribution centers.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 5.4B | 5.4B | 5.3B | 5.2B | 5.0B | 3.5B |
| Net Income | 522M | 522M | 623M | 614M | 556M | 324M |
| EPS | $18.28 | $18.28 | $20.29 | $19.33 | $17.14 | $9.78 |
| Free Cash Flow | 697M | 697M | 707M | 785M | 419M | 347M |
| ROIC | 11.2% | 13.9% | 20.1% | 20.1% | 18.8% | 14.6% |
| Gross Margin | 29.0% | 29.0% | 30.5% | 30.9% | 29.7% | 27.9% |
| Debt/Equity | 1.35 | 1.35 | 0.71 | 0.64 | 0.86 | 1.02 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 792M | 792M | 886M | 879M | 797M | 476M |
| Operating Margin | 14.6% | 14.6% | 16.6% | 16.9% | 15.9% | 13.7% |
| ROE | 22.5% | 23.1% | 26.1% | 27.3% | 31.2% | 21.7% |
| Shares Outstanding | 29M | 29M | 31M | 32M | 32M | 33M |
TopBuild Corp passes 5 of 9 quality checks, suggesting mixed fundamentals.
TopBuild Corp trades at 21.7x trailing earnings, compared to its 15-year median P/E of 18.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 16.0x vs a median of 16.7x. The company's 5-year average ROIC is 17.5% with a gross margin of 29.6%. Total shareholder yield (buybacks) is 3.8%. At current prices, the estimated annualized return to fair value is +33.9%.
TopBuild Corp (BLD) has a current P/E ratio of 21.7, compared to its historical median P/E of 18.6. The stock is currently considered Fair based on its historical valuation range.
TopBuild Corp (BLD) has a 5-year average return on invested capital (ROIC) of 17.5%. This indicates strong capital allocation and a potential competitive advantage.
TopBuild Corp (BLD) has a market capitalization of $11.3B. It is classified as a large-cap stock.
TopBuild Corp (BLD) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 3.84%.
Based on historical P/E analysis, TopBuild Corp (BLD) appears fair. The current P/E of 21.7 is 17% above its historical median of 18.6. The estimated fair value CAGR (P/E method) is 29.7%.
TopBuild Corp (BLD) operates in the Construction - Special Trade Contractors industry, within the Industrials sector.
TopBuild Corp (BLD) reported annual revenue of $5.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
TopBuild Corp (BLD) has a net profit margin of 9.6%. This is a modest margin.
TopBuild Corp (BLD) generated $697 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TopBuild Corp (BLD) has a debt-to-equity ratio of 1.35. This indicates moderate leverage.
TopBuild Corp (BLD) reported earnings per share (EPS) of $18.28 in its most recent fiscal year.
TopBuild Corp (BLD) has a return on equity (ROE) of 23.1%. This indicates the company generates strong returns for shareholders.
TopBuild Corp (BLD) has a 5-year average gross margin of 29.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 13 years of financial data for TopBuild Corp (BLD), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TopBuild Corp (BLD) has a book value per share of $81.15, based on its most recent annual SEC filing.