Industrials · Engineering & Construction
Price
$425.52
Market Cap
$12.0B
Employees
13,984
Beta
1.81
Avg Volume
817,012
CEO
Robert Buck
Business Description
TopBuild Corp., operating under the ticker BLD, specializes in both installing and distributing insulation alongside a diverse range of other construction materials for the building sector. The company primarily functions through two distinct divisions: Installation and Specialty Distribution. Its comprehensive product and service portfolio encompasses a wide array of offerings, such as insulation and its related accessories, glass and window units, rain gutters, afterpaint products, fireproofing solutions, garage doors, fireplaces, closet shelving, and roofing supplies, among others. Additionally, TopBuild provides expert insulation fitting services. Beyond material supply and installation, the firm offers a suite of specialized services and tools. These are designed to assist builders in integrating sound building science principles into new residential construction projects, including pre-construction plan assessments, diagnostic performance testing, various inspection types, and detailed home energy rating certifications. The Specialty Distribution segment further focuses on supplying a broad spectrum of building and mechanical insulation, related accessories, and diverse construction materials to residential, commercial, and industrial end-markets. TopBuild's extensive client base includes single-family and multi-family homebuilders, custom home constructors, commercial general contractors, renovation specialists, and individual homeowners. It also serves various specialized contractors (e.g., insulation, gutter, weatherization), general contractors, material dealers, metal building erectors, and modular home manufacturers. The company maintains a significant operational footprint, with approximately 235 installation branches and around 175 distribution centers spread across the United States and Canada. Established in 2015, TopBuild Corp. was previously known as Masco SpinCo Corp. before adopting its current name in March of that year. Its corporate headquarters are situated in Daytona Beach, Florida.
Business History
Price Overview
Last updated: Jun 27, 2026 11:02am (just now)$425.52
-1.62 (-0.38%)
Day Range
$423.31 – $431.58
52-Week Range
$321.67 – $559.47
50-Day MA
$421.34
200-Day MA
$428.56
Volume
1,413,608.00
Analyst Price Targets
Low
$437.00
Consensus
$516.40
High
$620.00
(27 analysts)
Share Structure
Outstanding
28,144,562.00
Float
27,845,652.00
Free Float
98.9%
High free float
— 98.9% of shares trade freely, ~1.1% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
23.66
Stock Price: $425.52
EPS (Diluted): 18.39
EPS (Diluted): 18.39
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
5.03
Stock Price: $425.52
Total Equity: $2.32B
Shares: 28,135,351
Total Equity: $2.32B
Shares: 28,135,351
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
14.97
Market Cap: $11.98B
Total Debt: $2.85B
Cash: $184.74M
EBITDA: $1.08B
Total Debt: $2.85B
Cash: $184.74M
EBITDA: $1.08B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$14.6B
Market Cap: $11.98B
Total Debt: $2.85B
Cash: $184.74M
Total Debt: $2.85B
Cash: $184.74M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
29.0%
Gross Profit: $1.57B
Revenue: $5.41B
Revenue: $5.41B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
14.6%
Operating Income: $791.93M
Revenue: $5.41B
Revenue: $5.41B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
9.6%
Net Income: $521.73M
Revenue: $5.41B
Revenue: $5.41B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
22.1%
Net Income: $521.73M
Total Equity: $2.32B
Total Equity: $2.32B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
9.8%
Operating Income: $791.93M
Tax Rate: 25.8%
Equity: $2.32B
Total Debt: $2.85B
Cash: $184.74M
Tax Rate: 25.8%
Equity: $2.32B
Total Debt: $2.85B
Cash: $184.74M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.94
Current Assets: $1.63B
Current Liabilities: $844.82M
Current Liabilities: $844.82M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.23
Short-Term Debt: $62.50M
Long-Term Debt: $2.78B
Total Debt: $2.85B
Total Equity: $2.32B
Long-Term Debt: $2.78B
Total Debt: $2.85B
Total Equity: $2.32B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$192.25
Revenue: $5.41B
Shares: 28,135,351
Shares: 28,135,351
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$82.32
Total Equity: $2.32B
Shares: 28,135,351
Shares: 28,135,351
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$24.77
Operating CF: $756.32M
CapEx: -$59.43M
Shares: 28,135,351
CapEx: -$59.43M
Shares: 28,135,351
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $425.52
Stock Price: $425.52
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $521.73M
Net Income: $521.73M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BLD against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:02pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.5B | $5.0B | $5.2B | $5.3B | $5.4B |
| Cost of Revenue | $2.5B | $3.5B | $3.6B | $3.7B | $3.8B |
| Gross Profit | $974.4M | $1.5B | $1.6B | $1.6B | $1.6B |
| Operating Expenses | $498.0M | $689.6M | $725.0M | $738.6M | $777.1M |
| Operating Income | $476.4M | $797.2M | $878.8M | $886.3M | $791.9M |
| Net Income | $324.0M | $556.0M | $614.3M | $622.6M | $521.7M |
| EBITDA | $542.0M | $922.2M | $1.0B | $1.1B | $1.1B |
| EPS | $9.88 | $17.26 | $19.44 | $20.41 | $18.39 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:02pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $139.8M | $240.1M | $848.6M | $400.3M | $184.7M |
| Total Current Assets | $1.2B | $1.5B | $2.0B | $1.6B | $1.6B |
| Total Assets | $4.3B | $4.6B | $5.2B | $4.7B | $6.7B |
| Current Liabilities | $733.4M | $789.6M | $771.5M | $767.2M | $844.8M |
| Long-Term Debt | $1.5B | $1.4B | $1.4B | $1.3B | $2.8B |
| Total Liabilities | $2.6B | $2.7B | $2.6B | $2.5B | $4.4B |
| Total Equity | $1.6B | $1.9B | $2.6B | $2.2B | $2.3B |
| Retained Earnings | $1.2B | $1.8B | $2.4B | $3.0B | $3.5B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:02pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $403.0M | $495.8M | $849.4M | $776.0M | $756.3M |
| Capital Expenditure | -$55.5M | -$76.4M | -$64.0M | -$69.3M | -$59.4M |
| Free Cash Flow | $347.5M | $419.4M | $785.4M | $706.7M | $696.9M |
| Acquisitions (net) | -$1.3B | -$20.5M | -$149.2M | -$136.8M | -$1.9B |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$35.6M | -$250.1M | $0 | -$966.4M | -$434.2M |
| Net Change in Cash | -$190.2M | $100.3M | $608.5M | -$448.2M | -$215.6M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 11:02am (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$5.4B $5.4B – $5.4B
|
$6.1B $6.1B – $6.1B
|
$6.3B $6.2B – $6.4B
|
$6.7B $6.7B – $6.7B
|
| EBITDA |
$1.4B $1.3B – $1.4B
|
$1.5B $1.5B – $1.5B
|
$1.6B $1.6B – $1.6B
|
$1.7B $1.7B – $1.7B
|
| Net Income |
$557.2M $552.4M – $562.0M
|
$517.2M $496.3M – $526.6M
|
$560.6M $556.3M – $624.7M
|
$668.9M $653.7M – $679.1M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:02pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +43.7% | +3.7% | +2.6% | +1.5% |
| Gross Profit Growth | +52.6% | +7.9% | +1.3% | -3.4% |
| Operating Income Growth | +67.3% | +10.2% | +0.9% | -10.7% |
| Net Income Growth | +71.6% | +10.5% | +1.4% | -16.2% |
| EBITDA Growth | +70.2% | +12.0% | +2.1% | +2.8% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-27 | CANTIE JOSEPH S | A-Award | 343.00 | $445.78 | $152,903 |
| 2026-04-27 | Petrarca Mark A | A-Award | 343.00 | $445.78 | $152,903 |
| 2026-04-27 | TAYLOR NANCY M | A-Award | 343.00 | $445.78 | $152,903 |
| 2026-04-27 | Drake Deirdre | A-Award | 343.00 | $445.78 | $152,903 |
| 2026-04-27 | Donikowski Tina | A-Award | 343.00 | $445.78 | $152,903 |
| 2026-04-27 | BAUTISTA ERNESTO III | A-Award | 343.00 | $445.78 | $152,903 |
| 2026-04-27 | Covington Alec C | A-Award | 343.00 | $445.78 | $152,903 |
| 2026-04-01 | Achille John Frank | A-Award | 3,116.00 | $369.16 | $1.2M |
| 2026-02-17 | Shoffner Jennifer | A-Award | 380.00 | $545.06 | $207,123 |
| 2026-02-17 | Shoffner Jennifer | A-Award | 380.00 | $545.06 | $207,123 |
| 2026-02-17 | Shoffner Jennifer | A-Award | 507.00 | $545.06 | $276,345 |
| 2026-02-17 | Raia Steven P | A-Award | 534.00 | $545.06 | $291,062 |
| 2026-02-17 | Raia Steven P | A-Award | 534.00 | $545.06 | $291,062 |
| 2026-02-17 | Raia Steven P | A-Award | 712.00 | $545.06 | $388,083 |
| 2026-02-17 | OTERO MADELINE | A-Award | 111.00 | $545.06 | $60,502 |
| 2026-02-17 | OTERO MADELINE | A-Award | 111.00 | $545.06 | $60,502 |
| 2026-02-17 | OTERO MADELINE | A-Award | 147.00 | $545.06 | $80,124 |
| 2026-02-17 | Machado Luis Francisco | A-Award | 471.00 | $545.06 | $256,723 |
| 2026-02-17 | Machado Luis Francisco | A-Award | 471.00 | $545.06 | $256,723 |
| 2026-02-17 | Machado Luis Francisco | A-Award | 628.00 | $545.06 | $342,298 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for BLD — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30