TopBuild Corp

EDGAR

Annual consolidated revenue for 2025: about Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 5.409B, using the latest reported figures. The previous period, 2024, was about Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 5.33B.

Watchlist

Latest quarter

Revenue

1.45 billion Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA

2026 Q1 · Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA

Exact inputs and evidence
  • Revenue: 1445860000 Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA Source

Operating margin

12.11%

2026 Q1 · %

Exact inputs and evidence
  • Operating Income: 175043000 Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA Source
  • Revenue: 1445860000 Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA Source

Operating cash flow

161 million Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA

2026 Q1 · Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA

Exact inputs and evidence
  • Operating Cash Flow: 160736000 Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA Source

Free cash flow

147 million Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA

2026 Q1 · Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA

Exact inputs and evidence
  • Operating Cash Flow: 160736000 Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA Source
  • Capital Expenditure: 13999000 Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA Source
Cash and cash equivalents
269 million Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA Source
Exact value

268847000 Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA

Long-term debt including current maturities
2.83 billion Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA Source
Exact value

2832388000 Unit_Standard_USD_Mn-C-Z1PQUuyvlc4IlSirA

Shares outstanding
28.1 million Unit_Standard_shares_0-GVwfFhSEibhkLsR1MCFg Source
Exact value

28139211 Unit_Standard_shares_0-GVwfFhSEibhkLsR1MCFg

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-06-04.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 3 of 11 periods available· newest 2025-12-31
  • Operating income: 3 of 11 periods available· newest 2025-12-31
  • Net income: 3 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 3 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 3 of 11 periods available· newest 2025-12-31
  • Total assets: Multiple units; comparison withheld· newest 2025-12-31
  • Total liabilities: Multiple units; comparison withheld· newest 2025-12-31
  • Current assets: Multiple units; comparison withheld· newest 2025-12-31
  • Current liabilities: Multiple units; comparison withheld· newest 2025-12-31
  • Cash and cash equivalents: Multiple units; comparison withheld· newest 2025-12-31
  • Long-term debt including current maturities: Multiple units; comparison withheld· newest 2025-12-31
  • Shares outstanding: Multiple units; comparison withheld· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +1.5%

    Prior period

    Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 5.33 billion

    –

    Current period

    Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 5.41 billion

    –

    Exact inputs and evidence

    5409086000 − 5329803000 = 79283000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

    5329803000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg · 2024-01-01 – 2024-12-31

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    5409086000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg · 2025-01-01 – 2025-12-31

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  • Net income

    -16.2%

    Prior period

    Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 622.6 million

    –

    Current period

    Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 521.73 million

    –

    Exact inputs and evidence

    521727000 − 622602000 = -100875000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

    622602000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg · 2024-01-01 – 2024-12-31

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    521727000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -2.5%

    Prior period

    Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 776.03 million

    –

    Current period

    Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 756.32 million

    –

    Exact inputs and evidence

    756319000 − 776026000 = -19707000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

    776026000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg · 2024-01-01 – 2024-12-31

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    756319000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -14.3%

    Prior period

    Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 69.35 million

    –

    Current period

    Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 59.43 million

    –

    Exact inputs and evidence

    59431000 − 69349000 = -9918000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

    69349000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg · 2024-01-01 – 2024-12-31

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    59431000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 5.41 billion 100% of revenue
  • Operating costs Derived Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 4.62 billion 85% of revenue
  • Operating income Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 791.93 million 15% of revenue
  • Tax, interest and other Derived Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 270.21 million 5% of revenue
  • Net income Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 521.73 million 9.6% of revenue

Cash

  • Operating cash flow Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 756.32 million 14% of revenue
  • Capital expenditure Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 59.43 million 1.1% of revenue
  • Free cash flow Derived Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 696.89 million 13% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2023 12%83%
  • 2024 12%83%
  • 2025 9.6%85%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2023 2023-01-01 – 2023-12-315194694000 4315869000 Derived 878825000 264571000 Derived 614254000 785411000 Derived
Source
2024 2024-01-01 – 2024-12-315329803000 4443460000 Derived 886343000 263741000 Derived 622602000 706677000 Derived
Source
2025 2025-01-01 – 2025-12-315409086000 4617153000 Derived 791933000 270206000 Derived 521727000 696888000 Derived
Source

Amounts are exact, in Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 5.4B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.8B4.4B2.9B1.5B0.0202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg)Source evidence
2023Revenue5194694000
2024Revenue5329803000
2025Revenue5409086000

Revenue growth

Change in revenue from the same financial period one year earlier.

1.5% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.81%2.11%1.40%0.70%0.00%202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2023Year over yearNo prior comparable period
2024Year over year2.6%
2025Year over year1.5%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 14.6% 2025
Net margin 9.6% 2025
Free cash flow margin 12.9% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.18.3%13.7%9.1%4.6%0.0%202320242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2023Operating margin16.9%
2024Operating margin16.6%
2025Operating margin14.6%
2023Net margin11.8%
2024Net margin11.7%
2025Net margin9.6%
2023Free cash flow margin15.1%
2024Free cash flow margin13.3%
2025Free cash flow margin12.9%

Operating cash flow

Cash generated by the company’s normal business operations.

Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 756.3M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.917.4M688.0M458.7M229.3M0.0202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg)Source evidence
2023Operating cash flow849409000
2024Operating cash flow776026000
2025Operating cash flow756319000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 696.9M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.848.2M636.2M424.1M212.1M0.0202320242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg)Source evidence
2023Free cash flow785411000
2024Free cash flow706677000
2025Free cash flow696888000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Liabilities / assetsNot reportedNo source recorded
2024-12-31Liabilities / assetsNot reportedNo source recorded
2025-12-31Liabilities / assetsNot reportedNo source recorded

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2023 2023-01-01 – 2023-12-31
Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 614.25 million
Exact value

Exact value: 614254000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

2023-01-01 – 2023-12-31: 614254000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg Inspect Net Income Open source
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Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 849.41 million
Exact value

Exact value: 849409000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

2023-01-01 – 2023-12-31: 849409000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg Inspect Operating Cash Flow Open source
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Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 64 million
Exact value

Exact value: 63998000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

2023-01-01 – 2023-12-31: 63998000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg Inspect Capital Expenditure Open source
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Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 785.41 million
Calculation and evidence

849409000 − 63998000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

Exact free cash flow: 785411000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

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2024 2024-01-01 – 2024-12-31
Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 622.6 million
Exact value

Exact value: 622602000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

2024-01-01 – 2024-12-31: 622602000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg Inspect Net Income Open source
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Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 776.03 million
Exact value

Exact value: 776026000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

2024-01-01 – 2024-12-31: 776026000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg Inspect Operating Cash Flow Open source
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Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 69.35 million
Exact value

Exact value: 69349000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

2024-01-01 – 2024-12-31: 69349000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg Inspect Capital Expenditure Open source
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Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 706.68 million
Calculation and evidence

776026000 − 69349000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

Exact free cash flow: 706677000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

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2025 2025-01-01 – 2025-12-31
Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 521.73 million
Exact value

Exact value: 521727000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

2025-01-01 – 2025-12-31: 521727000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg Inspect Net Income Open source
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Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 756.32 million
Exact value

Exact value: 756319000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

2025-01-01 – 2025-12-31: 756319000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg Inspect Operating Cash Flow Open source
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Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 59.43 million
Exact value

Exact value: 59431000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

2025-01-01 – 2025-12-31: 59431000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg Inspect Capital Expenditure Open source
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Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg 696.89 million
Calculation and evidence

756319000 − 59431000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

Exact free cash flow: 696888000 Unit_Standard_USD_b5RhsbMgh0-RXwYpuh5xVg

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

79 filings · 11,550 latest values · 11,550 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001633931, 1633931, BLD, edgar:1633931

Also known as Masco SpinCo Corp., QXO Insulation, LLC, TopBuild Corp