TopBuild (BLD) Financials

$287.86 +8.21 (+2.94%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$288.37 +0.51 (+0.18%)

As of 05/27/2025 07:36 PM Eastern

Annual Income Statements for TopBuild

This table shows TopBuild's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	623	614	556	324	247	191	270	158	73	79
Consolidated Net Income / (Loss)	623	614	556	324	247	191	270	158	73	79
Net Income / (Loss) Continuing Operations	623	614	556	324	247	191	0.00	158	73	79
Total Pre-Tax Income	841	825	742	433	323	254	181	128	116	74
Total Operating Income	886	879	797	476	355	290	209	137	122	84
Total Gross Profit	1,625	1,604	1,487	974	746	681	576	461	400	358
Total Revenue	5,330	5,195	5,009	3,486	2,718	2,624	2,384	1,906	1,743	1,617
Operating Revenue	5,330	5,195	5,009	3,486	2,718	2,624	2,384	1,906	1,743	1,617
Total Cost of Revenue	3,705	3,591	3,522	2,512	1,972	1,943	1,808	1,445	1,343	1,259
Operating Cost of Revenue	3,705	3,591	3,522	2,512	1,972	1,943	1,808	1,445	1,343	1,259
Total Operating Expenses	739	725	690	498	391	392	367	324	279	274
Selling, General & Admin Expense	739	725	690	498	391	392	367	294	279	274
Total Other Income / (Expense), net	-46	-53	-55	-43	-32	-36	-28	-8.82	-5.33	-9.42
Interest Expense	73	75	57	43	33	38	29	9.11	5.61	9.47
Other Income / (Expense), net	28	21	1.69	0.00	0.73	2.08	0.56	0.28	0.28	0.05
Income Tax Expense	218	211	186	109	76	63	46	-30	44	-5.01
Basic Earnings per Share	$20.41	$19.44	$17.26	$9.88	$7.50	$5.65	$3.86	$4.41	$1.93	$2.10
Weighted Average Basic Shares Outstanding	30.50M	31.60M	32.21M	32.80M	32.92M	33.81M	34.92M	35.90M	37.59M	37.67M
Diluted Earnings per Share	$20.29	$19.33	$17.14	$9.78	$7.42	$5.56	$3.78	$4.32	$1.92	$2.09
Weighted Average Diluted Shares Outstanding	30.68M	31.78M	32.44M	33.15M	33.30M	34.38M	35.61M	36.57M	37.87M	37.67M
Weighted Average Basic & Diluted Shares Outstanding	29.23M	31.78M	31.67M	32.93M	33.02M	33.49M	34.90M	35.90M	37.59M	37.67M

This table shows TopBuild's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	123	151	169	151	152	146	168	164	136	144	154
Consolidated Net Income / (Loss)	123	151	169	151	152	146	168	164	136	144	154
Net Income / (Loss) Continuing Operations	123	151	169	151	152	146	168	164	136	144	154
Total Pre-Tax Income	166	203	228	203	207	194	225	223	183	188	208
Total Operating Income	177	217	244	210	215	205	237	237	199	203	223
Total Gross Profit	351	392	422	424	387	391	421	422	370	376	396
Total Revenue	1,233	1,312	1,373	1,366	1,279	1,286	1,326	1,317	1,265	1,265	1,301
Operating Revenue	1,233	1,312	1,373	1,366	1,279	1,286	1,326	1,317	1,265	1,265	1,301
Total Cost of Revenue	882	920	951	942	892	895	905	895	895	889	905
Operating Cost of Revenue	882	920	951	942	892	895	905	895	895	889	905
Total Operating Expenses	174	175	178	214	173	186	183	185	171	173	173
Selling, General & Admin Expense	174	175	178	214	173	186	183	185	171	173	173
Total Other Income / (Expense), net	-12	-15	-16	-7.22	-7.51	-10	-13	-14	-16	-15	-15
Interest Expense	17	17	18	19	19	19	19	19	18	17	15
Other Income / (Expense), net	5.09	2.55	2.36	11	11	8.73	6.02	4.61	1.92	1.59	-0.30
Income Tax Expense	43	52	59	52	55	48	57	59	47	44	54
Basic Earnings per Share	$4.25	$5.10	$5.68	$4.81	$4.82	$4.63	$5.30	$5.20	$4.31	$4.54	$4.79
Weighted Average Basic Shares Outstanding	29.03M	30.50M	29.75M	31.32M	31.64M	31.60M	31.62M	31.60M	31.55M	32.21M	32.08M
Diluted Earnings per Share	$4.23	$5.07	$5.65	$4.78	$4.79	$4.60	$5.27	$5.18	$4.28	$4.50	$4.76
Weighted Average Diluted Shares Outstanding	29.17M	30.68M	29.93M	31.52M	31.84M	31.78M	31.79M	31.73M	31.71M	32.44M	32.28M
Weighted Average Basic & Diluted Shares Outstanding	28.59M	29.23M	29.50M	30.17M	31.82M	31.78M	31.77M	31.76M	31.75M	31.67M	31.97M

This table details how cash moves in and out of TopBuild's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-448	608	100	-190	145	84	44	-78	22	110
Net Cash From Operating Activities	776	849	496	403	358	272	167	113	77	56
Net Cash From Continuing Operating Activities	776	849	496	403	358	272	167	113	77	56
Net Income / (Loss) Continuing Operations	623	614	556	324	247	191	135	158	73	79
Consolidated Net Income / (Loss)	623	614	556	324	247	191	135	158	73	79
Depreciation Expense	140	133	123	79	62	53	39	16	12	12
Amortization Expense	2.88	2.88	2.87	2.04	1.49	1.56	1.20	0.40	0.34	0.17
Non-Cash Adjustments To Reconcile Net Income	41	29	26	34	24	25	18	17	15	3.22
Changes in Operating Assets and Liabilities, net	-31	70	-213	-36	23	1.78	-26	-79	-23	-38
Net Cash From Investing Activities	-204	-198	-94	-1,322	-122	-50	-552	-109	-17	-12
Net Cash From Continuing Investing Activities	-204	-198	-94	-1,322	-122	-50	-552	-109	-17	-12
Purchase of Property, Plant & Equipment	-69	-64	-76	-56	-41	-46	-53	-25	-14	-14
Acquisitions	-137	-149	-21	-1,267	-83	-6.95	-500	-84	-3.48	-
Sale of Property, Plant & Equipment	2.59	15	2.98	0.42	2.46	2.32	0.85	0.60	0.72	0.81
Net Cash From Financing Activities	-1,016	-44	-300	729	-91	-138	429	-82	-38	66
Net Cash From Continuing Financing Activities	-1,016	-44	-300	729	-91	-138	429	-82	-38	66
Repayment of Debt	-47	-40	-109	-448	-327	-28	-116	-413	-15	-6.72
Repurchase of Common Equity	-966	0.00	-250	-36	-49	-111	-65	-139	-22	-
Issuance of Debt	0.00	0.00	70	1,219	300	15	617	475	-	200
Other Financing Activities, net	-2.88	-3.70	-11	-6.15	-14	-14	-6.31	-4.76	-1.16	-127
Effect of Exchange Rate Changes	-4.48	1.09	-1.53	-0.02	-	0.00	-	-	-	-
Cash Interest Paid	70	71	50	22	31	36	24	6.42	4.13	2.23
Cash Income Taxes Paid	219	221	187	109	78	43	39	23	40	21

This table details how cash moves in and out of TopBuild's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-92	143	-206	-506	120	233	89	193	94	81	36
Net Cash From Operating Activities	153	266	241	90	179	261	203	216	170	160	118
Net Cash From Continuing Operating Activities	153	266	241	90	179	261	203	216	170	160	118
Net Income / (Loss) Continuing Operations	123	151	169	151	152	146	168	164	136	144	154
Consolidated Net Income / (Loss)	123	151	169	151	152	146	168	164	136	144	154
Depreciation Expense	36	36	35	35	34	35	34	33	32	30	32
Amortization Expense	0.72	0.72	0.72	0.72	0.72	0.72	0.72	0.72	0.72	0.72	0.72
Non-Cash Adjustments To Reconcile Net Income	22	6.40	10	12	12	4.65	9.98	8.53	6.30	2.60	6.11
Changes in Operating Assets and Liabilities, net	-30	73	25	-109	-21	75	-9.19	9.80	-5.19	-17	-75
Net Cash From Investing Activities	-13	-61	-21	-81	-41	-17	-105	-15	-61	-20	-20
Net Cash From Continuing Investing Activities	-13	-61	-21	-81	-41	-17	-105	-15	-61	-20	-20
Purchase of Property, Plant & Equipment	-13	-13	-21	-16	-20	-16	-17	-15	-16	-20	-20
Acquisitions	0.29	-48	-0.34	-66	-22	-1.54	-102	-0.10	-46	-	-1.75
Sale of Property, Plant & Equipment	0.25	0.26	0.19	0.54	1.61	0.31	14	0.33	0.46	0.10	2.26
Net Cash From Financing Activities	-231	-59	-426	-515	-17	-12	-7.89	-8.92	-15	-60	-61
Net Cash From Continuing Financing Activities	-231	-59	-426	-515	-17	-12	-7.89	-8.92	-15	-60	-61
Repayment of Debt	-11	-11	-12	-12	-12	-12	-8.88	-9.09	-9.74	-9.69	-9.68
Repurchase of Common Equity	-216	-47	-414	-	-	-	-	-	-	-50	-50
Other Financing Activities, net	-4.47	-0.02	-0.03	2.20	-5.04	0.46	0.99	0.17	-5.32	-	-1.12
Effect of Exchange Rate Changes	0.10	-4.08	0.17	0.35	-0.92	1.14	-0.33	0.34	-0.06	0.44	-2.12

This table presents TopBuild's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	4,735	5,163	4,607	4,259	2,815	2,604	2,455	1,750	1,690	1,642
Total Current Assets	1,599	2,049	1,549	1,188	936	780	705	512	527	480
Cash & Equivalents	400	849	240	140	330	185	101	57	134	113
Accounts Receivable	752	799	836	668	427	429	407	309	253	236
Inventories, net	407	365	439	353	161	149	169	131	116	119
Prepaid Expenses	40	37	34	27	18	17	28	15	23	13
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	178	168	107	93	93
Total Noncurrent Assets	3,136	3,114	3,058	3,071	1,879	1,646	1,582	1,131	1,071	1,069
Goodwill	2,112	2,043	1,967	1,950	1,411	1,368	1,364	1,077	1,045	1,044
Intangible Assets	558	591	615	684	191	181	199	33	2.66	1.99
Other Noncurrent Operating Assets	467	480	476	437	275	93	5.29	2.28	3.62	2.25
Total Liabilities & Shareholders' Equity	4,735	5,163	4,607	4,259	2,815	2,604	2,455	1,750	1,690	1,642
Total Liabilities	2,526	2,599	2,677	2,622	1,466	1,451	1,382	753	718	727
Total Current Liabilities	767	772	790	733	496	477	444	351	326	327
Short-Term Debt	49	47	40	39	23	34	27	13	20	15
Accounts Payable	456	470	487	462	332	308	313	264	242	253
Accrued Expenses	192	187	199	176	108	98	104	75	64	58
Other Current Liabilities	70	68	63	57	33	36	-	-	-	-
Total Noncurrent Liabilities	1,759	1,828	1,887	1,889	970	974	938	402	392	400
Long-Term Debt	1,327	1,373	1,417	1,454	683	698	717	229	159	178
Noncurrent Deferred & Payable Income Tax Liabilities	240	244	251	248	169	175	176	133	194	181
Other Noncurrent Operating Liabilities	191	211	219	186	118	101	45	39	39	40
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,210	2,564	1,930	1,636	1,349	1,153	1,072	997	973	916
Total Preferred & Common Equity	2,210	2,564	1,930	1,636	1,349	1,153	1,072	997	973	916
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,210	2,564	1,930	1,636	1,349	1,153	1,072	997	973	916
Common Stock	927	907	888	873	859	850	847	831	846	839
Retained Earnings	2,994	2,371	1,757	1,201	877	633	442	307	149	76
Treasury Stock	-1,681	-699	-693	-431	-387	-330	-217	-142	-22	-
Accumulated Other Comprehensive Income / (Loss)	-29	-15	-22	-6.63	0.00	-	-	-	-	-

This table presents TopBuild's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	4,596	4,651	4,903	5,310	5,014	4,858	4,701	4,506
Total Current Assets	1,494	1,521	1,760	2,202	1,882	1,795	1,613	1,450
Cash & Equivalents	309	257	463	969	616	526	334	159
Accounts Receivable	749	828	860	829	871	858	834	816
Inventories, net	406	392	394	375	357	385	422	447
Prepaid Expenses	31	44	44	29	38	26	23	27
Plant, Property, & Equipment, net	260	0.00	0.00	266	0.00	0.00	260	0.00
Total Noncurrent Assets	2,842	3,129	3,143	2,842	3,132	3,063	2,828	3,057
Goodwill	2,113	2,092	2,091	2,052	2,040	1,992	1,992	1,966
Intangible Assets	540	565	583	578	607	596	608	631
Other Noncurrent Operating Assets	189	472	469	211	486	476	228	459
Total Liabilities & Shareholders' Equity	4,596	4,651	4,903	5,310	5,014	4,858	4,701	4,506
Total Liabilities	2,480	2,536	2,546	2,598	2,606	2,620	2,636	2,672
Total Current Liabilities	739	756	752	784	754	758	751	789
Short-Term Debt	53	45	46	46	48	45	42	37
Accounts Payable	423	461	461	468	456	469	451	510
Accrued Expenses	194	180	177	201	183	181	193	181
Other Current Liabilities	70	69	69	69	67	64	65	60
Total Noncurrent Liabilities	1,742	1,780	1,793	1,814	1,853	1,862	1,885	1,883
Long-Term Debt	1,313	1,341	1,352	1,362	1,384	1,395	1,406	1,429
Noncurrent Deferred & Payable Income Tax Liabilities	238	243	244	244	252	255	252	245
Other Noncurrent Operating Liabilities	191	195	198	208	216	212	227	210
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,116	2,114	2,357	2,712	2,408	2,238	2,065	1,834
Total Preferred & Common Equity	2,116	2,114	2,357	2,712	2,408	2,238	2,065	1,834
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,116	2,114	2,357	2,712	2,408	2,238	2,065	1,834
Common Stock	931	923	920	913	901	896	892	885
Retained Earnings	3,117	2,843	2,674	2,523	2,225	2,057	1,893	1,613
Treasury Stock	-1,903	-1,634	-1,216	-705	-699	-699	-699	-643
Accumulated Other Comprehensive Income / (Loss)	-29	-18	-21	-19	-19	-16	-20	-21

This table displays calculated financial ratios and metrics derived from TopBuild's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.60%	3.71%	43.67%	28.26%	3.58%	10.06%	25.07%	9.38%	7.81%	6.91%
EBITDA Growth	2.07%	11.98%	65.83%	32.92%	21.34%	38.27%	62.42%	14.72%	40.03%	43.46%
EBIT Growth	1.53%	12.67%	67.68%	33.91%	22.01%	39.18%	52.77%	12.52%	45.83%	105.14%
NOPAT Growth	0.37%	9.50%	67.69%	31.20%	24.58%	39.93%	-7.88%	122.60%	-14.85%	491.31%
Net Income Growth	1.36%	10.48%	71.59%	31.17%	29.33%	-29.13%	70.43%	117.80%	-8.06%	739.85%
EPS Growth	4.97%	12.78%	75.26%	31.81%	33.45%	47.09%	-12.50%	125.00%	-8.13%	736.00%
Operating Cash Flow Growth	-8.64%	71.32%	23.02%	12.61%	31.68%	62.57%	47.69%	47.41%	37.09%	-31.19%
Free Cash Flow Firm Growth	-8.93%	51.30%	148.45%	-468.77%	6.04%	161.59%	-9,256.25%	-92.55%	-33.01%	108.47%
Invested Capital Growth	1.60%	-0.38%	5.26%	73.27%	1.48%	-0.84%	45.08%	16.22%	2.07%	0.67%
Revenue Q/Q Growth	0.49%	0.42%	4.18%	10.87%	2.22%	0.88%	6.15%	3.10%	1.02%	0.00%
EBITDA Q/Q Growth	0.72%	1.29%	10.57%	5.46%	6.98%	3.90%	10.26%	11.29%	-4.93%	0.00%
EBIT Q/Q Growth	0.71%	0.99%	12.14%	3.27%	7.94%	4.13%	7.94%	11.36%	-5.44%	0.00%
NOPAT Q/Q Growth	1.11%	-0.17%	13.05%	2.91%	9.94%	3.08%	-30.97%	112.56%	-34.57%	0.00%
Net Income Q/Q Growth	0.67%	0.42%	13.35%	131.19%	-15.25%	-55.10%	33.96%	112.40%	-34.62%	0.00%
EPS Q/Q Growth	2.37%	0.52%	14.11%	2.62%	11.58%	5.10%	-31.89%	112.81%	-34.47%	0.00%
Operating Cash Flow Q/Q Growth	0.69%	13.46%	15.53%	-2.10%	3.82%	7.03%	8.13%	9.40%	-2.51%	19.43%
Free Cash Flow Firm Q/Q Growth	-3.70%	16.30%	164.70%	-1,092.18%	-17.20%	7.03%	2.83%	262.47%	0.00%	0.00%
Invested Capital Q/Q Growth	-1.80%	-2.76%	0.18%	54.68%	2.81%	-1.65%	-1.14%	5.45%	-2.10%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.49%	30.87%	29.68%	27.95%	27.46%	25.96%	24.16%	24.19%	22.97%	22.15%
EBITDA Margin	19.84%	19.94%	18.47%	16.00%	15.44%	13.18%	10.49%	8.08%	7.70%	5.93%
Operating Margin	16.63%	16.92%	15.92%	13.67%	13.06%	11.03%	8.76%	7.18%	6.98%	5.17%
EBIT Margin	17.15%	17.33%	15.95%	13.67%	13.09%	11.11%	8.79%	7.19%	6.99%	5.17%
Profit (Net Income) Margin	11.68%	11.82%	11.10%	9.29%	9.09%	7.28%	11.30%	8.30%	4.17%	4.89%
Tax Burden Percent	74.05%	74.41%	74.92%	74.75%	76.46%	75.26%	149.04%	123.50%	62.44%	106.55%
Interest Burden Percent	92.00%	91.71%	92.90%	90.98%	90.81%	87.03%	86.31%	93.36%	95.40%	88.68%
Effective Tax Rate	25.95%	25.59%	25.08%	25.25%	23.54%	24.74%	25.48%	-23.50%	37.56%	-6.76%
Return on Invested Capital (ROIC)	20.77%	20.82%	19.46%	15.11%	15.85%	12.76%	10.75%	15.37%	7.54%	8.98%
ROIC Less NNEP Spread (ROIC-NNEP)	16.41%	16.38%	16.26%	11.39%	10.56%	8.24%	38.24%	5.89%	2.22%	-8.31%
Return on Net Nonoperating Assets (RNNOA)	5.32%	6.52%	11.72%	6.60%	3.90%	4.41%	15.30%	0.69%	0.15%	-0.53%
Return on Equity (ROE)	26.09%	27.34%	31.18%	21.71%	19.75%	17.17%	26.06%	16.06%	7.69%	8.46%
Cash Return on Invested Capital (CROIC)	19.19%	21.20%	14.34%	-38.52%	14.38%	13.60%	-26.03%	0.37%	5.49%	8.31%
Operating Return on Assets (OROA)	18.47%	18.43%	18.02%	13.47%	13.13%	11.53%	9.97%	7.97%	7.32%	5.36%
Return on Assets (ROA)	12.58%	12.57%	12.54%	9.16%	9.12%	7.55%	12.82%	9.19%	4.36%	5.06%
Return on Common Equity (ROCE)	26.09%	27.34%	31.18%	21.71%	19.75%	17.17%	26.06%	16.06%	7.69%	8.46%
Return on Equity Simple (ROE_SIMPLE)	28.18%	23.96%	28.81%	19.80%	18.31%	16.57%	25.14%	15.87%	7.47%	8.62%
Net Operating Profit after Tax (NOPAT)	656	654	597	356	271	218	156	169	76	89
NOPAT Margin	12.31%	12.59%	11.92%	10.22%	9.99%	8.30%	6.53%	8.87%	4.36%	5.52%
Net Nonoperating Expense Percent (NNEP)	4.36%	4.44%	3.21%	3.71%	5.29%	4.52%	-27.49%	9.49%	5.32%	17.29%
Return On Investment Capital (ROIC_SIMPLE)	18.31%	16.42%	17.63%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	69.51%	69.13%	70.32%	72.05%	72.54%	74.04%	75.84%	75.81%	77.03%	77.85%
SG&A Expenses to Revenue	13.86%	13.96%	13.77%	14.28%	14.40%	14.93%	15.40%	15.44%	15.99%	16.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.86%	13.96%	13.77%	14.28%	14.40%	14.93%	15.40%	17.01%	15.99%	16.98%
Earnings before Interest and Taxes (EBIT)	914	900	799	476	356	292	210	137	122	84
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,057	1,036	925	558	420	346	250	154	134	96
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.16	4.64	2.59	5.55	4.51	3.04	1.49	2.70	1.39	1.27
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.72	2.29	1.00	2.61	2.24	1.33	0.67	1.41	0.78	0.72
Price to Earnings (P/E)	14.75	19.36	9.00	28.04	24.61	18.32	5.91	17.04	18.65	14.68
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.78%	5.17%	11.11%	3.57%	4.06%	5.46%	16.93%	5.87%	5.36%	6.81%
Enterprise Value to Invested Capital (EV/IC)	3.19	3.98	1.98	3.49	3.74	2.38	1.30	2.44	1.38	1.24
Enterprise Value to Revenue (EV/Rev)	1.91	2.40	1.24	2.99	2.38	1.54	0.94	1.51	0.80	0.77
Enterprise Value to EBITDA (EV/EBITDA)	9.61	12.03	6.72	18.71	15.38	11.70	8.93	18.70	10.42	12.94
Enterprise Value to EBIT (EV/EBIT)	11.12	13.85	7.79	21.91	18.15	13.88	10.67	21.00	11.48	14.84
Enterprise Value to NOPAT (EV/NOPAT)	15.48	19.06	10.42	29.31	23.78	18.57	14.35	17.04	18.42	13.91
Enterprise Value to Operating Cash Flow (EV/OCF)	13.09	14.67	12.55	25.90	18.04	14.89	13.37	25.44	18.22	22.14
Enterprise Value to Free Cash Flow (EV/FCFF)	16.76	18.72	14.14	0.00	26.22	17.43	0.00	699.42	25.29	15.02
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.62	0.55	0.76	0.91	0.52	0.64	0.69	0.24	0.18	0.21
Long-Term Debt to Equity	0.60	0.54	0.73	0.89	0.51	0.61	0.67	0.23	0.16	0.19
Financial Leverage	0.32	0.40	0.72	0.58	0.37	0.53	0.40	0.12	0.07	0.06
Leverage Ratio	2.07	2.17	2.49	2.37	2.17	2.27	2.03	1.75	1.76	1.67
Compound Leverage Factor	1.91	1.99	2.31	2.16	1.97	1.98	1.75	1.63	1.68	1.48
Debt to Total Capital	38.37%	35.65%	43.03%	47.71%	34.38%	38.84%	40.95%	19.53%	15.53%	17.44%
Short-Term Debt to Total Capital	1.36%	1.18%	1.18%	1.23%	1.13%	1.82%	1.48%	1.01%	1.74%	1.35%
Long-Term Debt to Total Capital	37.01%	34.47%	41.84%	46.48%	33.25%	37.02%	39.47%	18.52%	13.79%	16.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	61.63%	64.35%	56.97%	52.29%	65.62%	61.16%	59.05%	80.47%	84.47%	82.56%
Debt to EBITDA	1.30	1.37	1.58	2.68	1.68	2.12	2.97	1.57	1.33	2.02
Net Debt to EBITDA	0.92	0.55	1.32	2.43	0.90	1.58	2.57	1.20	0.33	0.84
Long-Term Debt to EBITDA	1.26	1.33	1.53	2.61	1.63	2.02	2.87	1.49	1.18	1.86
Debt to NOPAT	2.10	2.17	2.44	4.19	2.60	3.36	4.77	1.43	2.35	2.17
Net Debt to NOPAT	1.49	0.87	2.04	3.80	1.39	2.51	4.13	1.10	0.59	0.90
Long-Term Debt to NOPAT	2.02	2.10	2.37	4.08	2.52	3.20	4.60	1.36	2.09	2.00
Altman Z-Score	5.04	5.27	3.51	3.79	4.49	3.30	2.32	3.85	2.67	2.29
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.08	2.66	1.96	1.62	1.89	1.64	1.59	1.46	1.62	1.47
Quick Ratio	1.50	2.14	1.36	1.10	1.53	1.29	1.14	1.04	1.19	1.07
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	606	666	440	-908	246	232	-377	4.12	55	83
Operating Cash Flow to CapEx	1,162.48%	1,732.92%	675.41%	731.03%	930.17%	628.90%	323.63%	458.17%	571.40%	436.26%
Free Cash Flow to Firm to Interest Expense	8.29	8.92	7.76	-21.13	7.53	6.14	-13.14	0.45	9.86	8.72
Operating Cash Flow to Interest Expense	10.62	11.38	8.74	9.38	10.95	7.19	5.83	12.43	13.69	5.92
Operating Cash Flow Less CapEx to Interest Expense	9.70	10.73	7.45	8.09	9.77	6.04	4.03	9.72	11.30	4.56
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.08	1.06	1.13	0.99	1.00	1.04	1.13	1.11	1.05	1.04
Accounts Receivable Turnover	6.87	6.35	6.66	6.36	6.35	6.28	6.66	6.79	7.14	7.09
Inventory Turnover	9.61	8.94	8.90	9.77	12.70	12.22	12.04	11.68	11.43	11.15
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	15.17	17.33	19.07	18.76	17.36
Accounts Payable Turnover	8.00	7.51	7.42	6.33	6.16	6.26	6.27	5.72	5.43	5.22
Days Sales Outstanding (DSO)	53.10	57.44	54.82	57.36	57.49	58.14	54.78	53.72	51.12	51.45
Days Inventory Outstanding (DIO)	38.00	40.83	41.01	37.36	28.74	29.88	30.31	31.26	31.93	32.72
Days Payable Outstanding (DPO)	45.62	48.62	49.18	57.66	59.21	58.35	58.24	63.82	67.27	69.90
Cash Conversion Cycle (CCC)	45.48	49.65	46.65	37.06	27.01	29.67	26.85	21.16	15.78	14.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,185	3,135	3,147	2,990	1,726	1,700	1,715	1,182	1,017	996
Invested Capital Turnover	1.69	1.65	1.63	1.48	1.59	1.54	1.65	1.73	1.73	1.63
Increase / (Decrease) in Invested Capital	50	-12	157	1,264	25	-14	533	165	21	6.63
Enterprise Value (EV)	10,161	12,463	6,221	10,438	6,456	4,047	2,235	2,880	1,399	1,240
Market Capitalization	9,185	11,892	5,003	9,084	6,079	3,499	1,592	2,695	1,354	1,159
Book Value per Share	$72.44	$80.68	$60.36	$49.70	$40.84	$33.96	$30.30	$28.01	$25.56	$24.30
Tangible Book Value per Share	($15.09)	($2.20)	($20.40)	($30.30)	($7.65)	($11.67)	($13.88)	($3.20)	($1.98)	($3.46)
Total Capital	3,586	3,984	3,387	3,130	2,056	1,885	1,816	1,238	1,151	1,109
Total Debt	1,376	1,420	1,457	1,493	707	732	743	242	179	193
Total Long-Term Debt	1,327	1,373	1,417	1,454	683	698	717	229	159	178
Net Debt	976	572	1,217	1,353	377	547	643	185	44	81
Capital Expenditures (CapEx)	67	49	73	55	38	43	52	25	13	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	480	476	559	353	133	153	186	116	86	56
Debt-free Net Working Capital (DFNWC)	881	1,325	799	493	463	337	287	173	221	169
Net Working Capital (NWC)	832	1,278	759	454	440	303	260	160	201	154
Net Nonoperating Expense (NNE)	34	40	41	32	24	27	-114	11	3.33	10
Net Nonoperating Obligations (NNO)	976	572	1,217	1,353	377	547	643	185	44	81
Total Depreciation and Amortization (D&A)	143	136	126	81	64	54	41	17	12	12
Debt-free, Cash-free Net Working Capital to Revenue	9.01%	9.17%	11.17%	10.13%	4.90%	5.81%	7.82%	6.09%	4.95%	3.45%
Debt-free Net Working Capital to Revenue	16.52%	25.50%	15.96%	14.14%	17.04%	12.86%	12.05%	9.06%	12.66%	10.43%
Net Working Capital to Revenue	15.61%	24.60%	15.16%	13.03%	16.19%	11.55%	10.92%	8.40%	11.51%	9.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$20.41	$19.44	$17.26	$9.88	$7.50	$5.65	$3.86	$4.41	$1.93	$2.10
Adjusted Weighted Average Basic Shares Outstanding	30.50M	31.60M	32.21M	32.80M	32.92M	33.81M	34.92M	35.54M	37.72M	37.83M
Adjusted Diluted Earnings per Share	$20.29	$19.33	$17.14	$9.78	$7.42	$5.56	$3.78	$4.32	$1.92	$2.09
Adjusted Weighted Average Diluted Shares Outstanding	30.68M	31.78M	32.44M	33.15M	33.30M	34.38M	35.61M	35.54M	37.72M	37.83M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.23M	31.78M	31.67M	32.93M	33.02M	33.49M	34.55M	35.54M	37.72M	37.83M
Normalized Net Operating Profit after Tax (NOPAT)	656	654	597	356	271	218	156	96	76	58
Normalized NOPAT Margin	12.31%	12.59%	11.92%	10.22%	9.99%	8.30%	6.53%	5.03%	4.36%	3.62%
Pre Tax Income Margin	15.78%	15.89%	14.82%	12.43%	11.89%	9.67%	7.58%	6.72%	6.67%	4.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	12.50	12.06	14.09	11.08	10.88	7.71	7.30	15.06	21.73	8.83
NOPAT to Interest Expense	8.98	8.76	10.53	8.29	8.30	5.76	5.43	18.56	13.54	9.42
EBIT Less CapEx to Interest Expense	11.59	11.41	12.79	9.80	9.71	6.57	5.50	12.35	19.34	7.47
NOPAT Less CapEx to Interest Expense	8.07	8.11	9.24	7.00	7.13	4.62	3.63	15.85	11.14	8.07
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	155.21%	0.00%	44.97%	10.97%	19.90%	58.07%	24.13%	88.08%	30.71%	0.00%

This table displays calculated financial ratios and metrics derived from TopBuild's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.55%	2.03%	3.56%	3.67%	1.07%	1.70%	1.93%	3.37%	8.24%	18.92%	53.83%
EBITDA Growth	-15.98%	3.02%	1.71%	-6.36%	11.36%	5.60%	8.63%	15.64%	19.57%	60.01%	68.07%
EBIT Growth	-19.14%	3.03%	1.17%	-8.26%	12.14%	4.31%	9.41%	16.80%	22.30%	73.13%	66.26%
NOPAT Growth	-16.44%	4.68%	2.11%	-10.65%	6.83%	-0.78%	7.55%	13.53%	19.99%	79.79%	65.60%
Net Income Growth	-19.03%	2.84%	0.81%	-8.32%	12.15%	1.77%	9.01%	14.41%	18.45%	83.56%	61.10%
EPS Growth	-11.69%	10.22%	7.21%	-7.72%	11.92%	2.22%	10.71%	17.46%	23.34%	89.08%	65.28%
Operating Cash Flow Growth	-14.65%	2.03%	18.74%	-58.17%	5.29%	62.91%	71.86%	68.47%	89.76%	71.27%	9.91%
Free Cash Flow Firm Growth	-40.04%	-32.90%	70.72%	-86.33%	706.03%	9,757.75%	109.06%	111.45%	102.01%	99.85%	-573.01%
Invested Capital Growth	0.65%	1.60%	0.61%	4.44%	-0.87%	-0.38%	2.63%	1.86%	4.08%	5.26%	62.52%
Revenue Q/Q Growth	-6.01%	-4.45%	0.56%	6.80%	-0.57%	-3.02%	0.67%	4.11%	0.06%	-2.80%	2.10%
EBITDA Q/Q Growth	-14.56%	-9.24%	9.73%	-1.25%	4.76%	-10.40%	1.02%	17.43%	-0.65%	-7.83%	7.54%
EBIT Q/Q Growth	-17.01%	-10.70%	11.10%	-1.79%	5.74%	-12.31%	0.74%	20.04%	-1.63%	-8.03%	7.55%
NOPAT Q/Q Growth	-18.29%	-10.73%	15.90%	-1.16%	2.37%	-12.93%	1.42%	18.17%	-4.92%	-5.63%	7.07%
Net Income Q/Q Growth	-18.04%	-10.90%	12.10%	-1.09%	4.10%	-12.66%	1.95%	21.00%	-5.54%	-6.45%	6.99%
EPS Q/Q Growth	-16.57%	-10.27%	18.20%	-0.21%	4.13%	-12.71%	1.74%	21.03%	-4.89%	-5.46%	7.94%
Operating Cash Flow Q/Q Growth	-42.68%	10.62%	166.37%	-49.46%	-31.49%	28.74%	-6.16%	27.21%	6.01%	35.82%	-8.02%
Free Cash Flow Firm Q/Q Growth	-0.11%	-30.95%	908.26%	-91.38%	11.78%	75.67%	-19.26%	408.39%	1,439.34%	99.84%	-2.06%
Invested Capital Q/Q Growth	-0.40%	-1.80%	-1.47%	4.43%	0.54%	-2.76%	2.30%	-0.88%	1.04%	0.18%	1.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.50%	29.88%	30.72%	31.04%	30.28%	30.41%	31.72%	32.02%	29.26%	29.71%	30.42%
EBITDA Margin	17.76%	19.54%	20.58%	18.86%	20.39%	19.35%	20.95%	20.88%	18.51%	18.64%	19.66%
Operating Margin	14.39%	16.57%	17.77%	15.41%	16.78%	15.92%	17.91%	18.00%	15.76%	16.06%	17.13%
EBIT Margin	14.80%	16.77%	17.94%	16.24%	17.66%	16.60%	18.36%	18.35%	15.91%	16.19%	17.11%
Profit (Net Income) Margin	10.00%	11.47%	12.30%	11.04%	11.92%	11.38%	12.64%	12.48%	10.74%	11.37%	11.82%
Tax Burden Percent	74.34%	74.26%	74.14%	74.18%	73.62%	75.32%	74.60%	73.67%	74.12%	76.54%	73.91%
Interest Burden Percent	90.91%	92.15%	92.51%	91.63%	91.68%	91.01%	92.27%	92.32%	91.04%	91.80%	93.46%
Effective Tax Rate	25.66%	25.74%	25.86%	25.82%	26.38%	24.68%	25.40%	26.33%	25.88%	23.46%	26.09%
Return on Invested Capital (ROIC)	17.88%	20.75%	21.60%	18.65%	20.32%	19.84%	21.71%	21.86%	19.13%	20.07%	23.99%
ROIC Less NNEP Spread (ROIC-NNEP)	16.73%	19.34%	20.38%	18.07%	19.60%	18.96%	20.81%	20.95%	18.17%	19.16%	22.68%
Return on Net Nonoperating Assets (RNNOA)	5.19%	6.27%	8.77%	7.27%	6.38%	7.55%	10.42%	11.92%	11.94%	13.81%	11.21%
Return on Equity (ROE)	23.07%	27.02%	30.37%	25.91%	26.70%	27.38%	32.13%	33.78%	31.07%	33.88%	35.20%
Cash Return on Invested Capital (CROIC)	19.28%	19.19%	19.47%	15.68%	21.85%	21.20%	17.99%	18.73%	15.95%	14.34%	-26.81%
Operating Return on Assets (OROA)	15.79%	18.06%	19.69%	17.49%	18.37%	17.66%	19.96%	20.36%	17.93%	18.29%	21.57%
Return on Assets (ROA)	10.67%	12.35%	13.50%	11.89%	12.40%	12.10%	13.74%	13.85%	12.10%	12.85%	14.90%
Return on Common Equity (ROCE)	23.07%	27.02%	30.37%	25.91%	26.70%	27.38%	32.13%	33.78%	31.07%	33.88%	35.20%
Return on Equity Simple (ROE_SIMPLE)	28.05%	0.00%	29.25%	26.18%	23.26%	0.00%	25.40%	26.71%	27.95%	0.00%	26.74%
Net Operating Profit after Tax (NOPAT)	132	161	181	156	158	154	177	175	148	155	165
NOPAT Margin	10.70%	12.31%	13.17%	11.43%	12.35%	11.99%	13.36%	13.26%	11.68%	12.29%	12.66%
Net Nonoperating Expense Percent (NNEP)	1.14%	1.41%	1.23%	0.58%	0.71%	0.88%	0.90%	0.91%	0.97%	0.90%	1.31%
Return On Investment Capital (ROIC_SIMPLE)	3.79%	4.50%	-	-	-	3.87%	-	-	-	4.59%	-
Cost of Revenue to Revenue	71.50%	70.12%	69.28%	68.96%	69.72%	69.59%	68.28%	67.98%	70.74%	70.29%	69.58%
SG&A Expenses to Revenue	14.11%	13.30%	12.95%	15.64%	13.50%	14.49%	13.81%	14.02%	13.50%	13.65%	13.29%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.11%	13.30%	12.95%	15.64%	13.50%	14.49%	13.81%	14.02%	13.50%	13.65%	13.29%
Earnings before Interest and Taxes (EBIT)	183	220	246	222	226	214	244	242	201	205	223
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	219	256	283	257	261	249	278	275	234	236	256
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.21	4.16	5.80	5.20	5.16	4.64	3.32	3.77	3.19	2.59	2.91
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	172.09	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.69	1.72	2.31	2.33	2.69	2.29	1.54	1.64	1.29	1.00	1.11
Price to Earnings (P/E)	15.01	14.75	19.84	19.86	22.20	19.36	13.06	14.13	11.42	9.00	10.88
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.66%	6.78%	5.04%	5.03%	4.50%	5.17%	7.66%	7.08%	8.76%	11.11%	9.19%
Enterprise Value to Invested Capital (EV/IC)	3.14	3.19	4.13	4.01	4.58	3.98	2.73	2.97	2.42	1.98	2.11
Enterprise Value to Revenue (EV/Rev)	1.89	1.91	2.53	2.51	2.77	2.40	1.70	1.82	1.51	1.24	1.38
Enterprise Value to EBITDA (EV/EBITDA)	9.82	9.61	12.77	12.63	13.60	12.03	8.61	9.35	8.00	6.72	7.94
Enterprise Value to EBIT (EV/EBIT)	11.45	11.12	14.77	14.58	15.62	13.85	9.88	10.75	9.22	7.79	9.32
Enterprise Value to NOPAT (EV/NOPAT)	15.81	15.48	20.65	20.44	21.75	19.06	13.44	14.56	12.39	10.42	12.57
Enterprise Value to Operating Cash Flow (EV/OCF)	13.30	13.09	17.39	18.00	16.83	14.67	11.76	14.10	13.38	12.55	15.48
Enterprise Value to Free Cash Flow (EV/FCFF)	16.35	16.76	21.29	26.11	20.88	18.72	15.38	16.00	15.50	14.14	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.65	0.62	0.66	0.59	0.52	0.55	0.59	0.64	0.70	0.76	0.80
Long-Term Debt to Equity	0.62	0.60	0.63	0.57	0.50	0.54	0.57	0.62	0.68	0.73	0.78
Financial Leverage	0.31	0.32	0.43	0.40	0.33	0.40	0.50	0.57	0.66	0.72	0.49
Leverage Ratio	2.05	2.07	2.14	2.12	2.10	2.17	2.24	2.33	2.41	2.49	2.25
Compound Leverage Factor	1.87	1.91	1.98	1.95	1.92	1.98	2.07	2.15	2.19	2.28	2.10
Debt to Total Capital	39.22%	38.37%	39.61%	37.22%	34.19%	35.65%	37.29%	39.15%	41.22%	43.03%	44.42%
Short-Term Debt to Total Capital	1.51%	1.36%	1.29%	1.22%	1.12%	1.18%	1.25%	1.23%	1.21%	1.18%	1.13%
Long-Term Debt to Total Capital	37.71%	37.01%	38.32%	36.01%	33.06%	34.47%	36.04%	37.92%	40.02%	41.84%	43.29%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.78%	61.63%	60.39%	62.78%	65.81%	64.35%	62.71%	60.85%	58.78%	56.97%	55.58%
Debt to EBITDA	1.34	1.30	1.32	1.34	1.33	1.37	1.40	1.44	1.50	1.58	1.75
Net Debt to EBITDA	1.04	0.92	1.08	0.89	0.41	0.55	0.80	0.91	1.16	1.32	1.56
Long-Term Debt to EBITDA	1.29	1.26	1.28	1.29	1.28	1.33	1.35	1.39	1.46	1.53	1.71
Debt to NOPAT	2.17	2.10	2.14	2.17	2.12	2.17	2.19	2.24	2.33	2.44	2.78
Net Debt to NOPAT	1.68	1.49	1.74	1.45	0.66	0.87	1.25	1.42	1.79	2.04	2.47
Long-Term Debt to NOPAT	2.08	2.02	2.07	2.09	2.05	2.10	2.11	2.17	2.26	2.37	2.70
Altman Z-Score	4.58	4.56	5.27	5.12	5.34	4.83	3.92	4.01	3.51	3.09	3.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.02	2.08	2.01	2.34	2.81	2.66	2.50	2.37	2.15	1.96	1.84
Quick Ratio	1.43	1.50	1.44	1.76	2.29	2.14	1.97	1.83	1.55	1.36	1.24
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	111	111	161	16	186	166	95	117	23	-1.72	-1,044
Operating Cash Flow to CapEx	1,160.64%	2,164.81%	1,166.38%	581.00%	978.37%	1,671.13%	5,771.10%	1,462.89%	1,122.65%	791.36%	664.37%
Free Cash Flow to Firm to Interest Expense	6.70	6.45	8.75	0.86	9.88	8.66	5.02	6.31	1.28	-0.10	-71.68
Operating Cash Flow to Interest Expense	9.19	15.41	13.05	4.87	9.51	13.60	10.76	11.64	9.41	9.55	8.10
Operating Cash Flow Less CapEx to Interest Expense	8.40	14.70	11.93	4.03	8.54	12.79	10.58	10.84	8.57	8.34	6.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.07	1.08	1.10	1.08	1.04	1.06	1.09	1.11	1.13	1.13	1.26
Accounts Receivable Turnover	6.70	6.87	6.24	6.12	6.26	6.35	6.13	6.31	6.51	6.66	7.22
Inventory Turnover	9.46	9.61	9.82	9.33	9.00	8.94	8.91	8.78	8.81	8.90	10.52
Fixed Asset Turnover	20.09	0.00	0.00	0.00	19.78	0.00	0.00	0.00	20.08	0.00	0.00
Accounts Payable Turnover	8.30	8.00	8.02	7.82	7.81	7.51	7.42	7.34	7.74	7.42	7.64
Days Sales Outstanding (DSO)	54.50	53.10	58.45	59.63	58.28	57.44	59.50	57.83	56.10	54.82	50.59
Days Inventory Outstanding (DIO)	38.58	38.00	37.17	39.12	40.56	40.83	40.95	41.55	41.42	41.01	34.71
Days Payable Outstanding (DPO)	43.99	45.62	45.50	46.70	46.74	48.62	49.18	49.73	47.16	49.18	47.75
Cash Conversion Cycle (CCC)	49.09	45.48	50.12	52.05	52.10	49.65	51.26	49.65	50.36	46.65	37.54
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,173	3,185	3,244	3,292	3,152	3,135	3,224	3,152	3,180	3,147	3,141
Invested Capital Turnover	1.67	1.69	1.64	1.63	1.65	1.65	1.63	1.65	1.64	1.63	1.89
Increase / (Decrease) in Invested Capital	21	50	20	140	-28	-12	83	58	125	157	1,208
Enterprise Value (EV)	9,970	10,161	13,401	13,193	14,445	12,463	8,806	9,360	7,706	6,221	6,642
Market Capitalization	8,913	9,185	12,272	12,258	14,005	11,892	7,990	8,446	6,592	5,003	5,335
Book Value per Share	$72.40	$72.44	$70.09	$74.09	$85.35	$80.68	$75.82	$70.49	$65.21	$60.36	$56.66
Tangible Book Value per Share	($18.37)	($15.09)	($18.02)	($9.95)	$2.56	($2.20)	($7.52)	($11.01)	($16.89)	($20.40)	($23.56)
Total Capital	3,481	3,586	3,501	3,755	4,121	3,984	3,840	3,678	3,513	3,387	3,301
Total Debt	1,365	1,376	1,387	1,398	1,409	1,420	1,432	1,440	1,448	1,457	1,466
Total Long-Term Debt	1,313	1,327	1,341	1,352	1,362	1,373	1,384	1,395	1,406	1,417	1,429
Net Debt	1,057	976	1,129	934	440	572	816	914	1,115	1,217	1,307
Capital Expenditures (CapEx)	13	12	21	16	18	16	3.51	15	15	20	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	499	480	553	591	496	476	561	555	570	559	539
Debt-free Net Working Capital (DFNWC)	808	881	810	1,054	1,464	1,325	1,176	1,081	904	799	698
Net Working Capital (NWC)	756	832	765	1,008	1,418	1,278	1,128	1,036	862	759	661
Net Nonoperating Expense (NNE)	8.56	11	12	5.35	5.53	7.88	9.56	10	12	12	11
Net Nonoperating Obligations (NNO)	1,057	976	1,129	934	440	572	816	914	1,115	1,217	1,307
Total Depreciation and Amortization (D&A)	37	36	36	36	35	35	34	33	33	31	33
Debt-free, Cash-free Net Working Capital to Revenue	9.45%	9.01%	10.42%	11.23%	9.51%	9.17%	10.84%	10.78%	11.17%	11.17%	11.21%
Debt-free Net Working Capital to Revenue	15.30%	16.52%	15.28%	20.05%	28.12%	25.50%	22.74%	21.01%	17.71%	15.96%	14.53%
Net Working Capital to Revenue	14.30%	15.61%	14.42%	19.18%	27.23%	24.60%	21.81%	20.13%	16.88%	15.16%	13.75%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.25	$5.10	$5.68	$4.81	$4.82	$4.63	$5.30	$5.20	$4.31	$4.54	$4.79
Adjusted Weighted Average Basic Shares Outstanding	29.03M	30.50M	29.75M	31.32M	31.64M	31.60M	31.62M	31.60M	31.55M	32.21M	32.08M
Adjusted Diluted Earnings per Share	$4.23	$5.07	$5.65	$4.78	$4.79	$4.60	$5.27	$5.18	$4.28	$4.50	$4.76
Adjusted Weighted Average Diluted Shares Outstanding	29.17M	30.68M	29.93M	31.52M	31.84M	31.78M	31.79M	31.73M	31.71M	32.44M	32.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	28.59M	29.23M	29.50M	30.17M	31.82M	31.78M	31.77M	31.76M	31.75M	31.67M	31.97M
Normalized Net Operating Profit after Tax (NOPAT)	132	161	181	156	158	154	177	175	148	155	165
Normalized NOPAT Margin	10.70%	12.31%	13.17%	11.43%	12.35%	11.99%	13.36%	13.26%	11.68%	12.29%	12.66%
Pre Tax Income Margin	13.46%	15.45%	16.60%	14.88%	16.19%	15.11%	16.94%	16.94%	14.49%	14.86%	15.99%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.00	12.73	13.35	11.94	12.01	11.13	12.93	13.02	11.16	12.20	15.29
NOPAT to Interest Expense	7.95	9.34	9.81	8.41	8.40	8.04	9.41	9.41	8.19	9.27	11.31
EBIT Less CapEx to Interest Expense	10.21	12.02	12.23	11.10	11.04	10.32	12.75	12.23	10.32	10.99	14.07
NOPAT Less CapEx to Interest Expense	7.16	8.63	8.69	7.57	7.43	7.23	9.22	8.62	7.36	8.06	10.09
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	199.12%	155.21%	148.63%	81.88%	0.00%	0.00%	8.17%	16.73%	0.00%	44.97%	40.78%

Frequently Asked Questions About TopBuild's Financials

When does TopBuild's fiscal year end?

According to the most recent income statement we have on file, TopBuild's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has TopBuild's net income changed over the last 9 years?

TopBuild's net income appears to be on an upward trend, with a most recent value of $622.60 million in 2024, rising from $78.97 million in 2015. The previous period was $614.25 million in 2023. Find out what analysts predict for TopBuild in the coming months.

What is TopBuild's operating income?

TopBuild's total operating income in 2024 was $886.34 million, based on the following breakdown:

Total Gross Profit: $1.62 billion
Total Operating Expenses: $738.58 million

How has TopBuild revenue changed over the last 9 years?

Over the last 9 years, TopBuild's total revenue changed from $1.62 billion in 2015 to $5.33 billion in 2024, a change of 229.7%.

How much debt does TopBuild have?

TopBuild's total liabilities were at $2.53 billion at the end of 2024, a 2.8% decrease from 2023, and a 247.7% increase since 2015.

How much cash does TopBuild have?

In the past 9 years, TopBuild's cash and equivalents has ranged from $56.52 million in 2017 to $848.57 million in 2023, and is currently $400.32 million as of their latest financial filing in 2024.

How has TopBuild's book value per share changed over the last 9 years?

Over the last 9 years, TopBuild's book value per share changed from 24.30 in 2015 to 72.44 in 2024, a change of 198.1%.

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This page (NYSE:BLD) was last updated on 5/28/2025 by MarketBeat.com Staff

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TopBuild (BLD) Financials

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