13 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 14.8% per year over the past 5 years.
Net income has grown faster than revenue (16.1% vs 14.8% per year).
Operating margin has expanded, at 14.6% in the latest year.
Free cash flow has grown 17.1% per year over the past 5 years.
Financial health
Total debt ($2.8B) exceeds cash ($185M); net debt is $2.7B.
Total debt has grown faster than revenue (32.1% vs 14.8% per year).
Operating income covered interest expense 7.6× in the latest year.
Total debt is 3.0× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$5.4B
$522M
29.0%
14.6%
$697M
$2.8B
$185M
2024
$5.3B
$623M
30.5%
16.6%
$707M
$1.4B
$400M
2023
$5.2B
$614M
30.9%
16.9%
$785M
$1.4B
$849M
2022
$5.0B
$556M
29.7%
15.9%
$419M
$1.5B
$240M
2021
$3.5B
$324M
27.9%
13.7%
$347M
$1.5B
$140M
2020
$2.7B
$247M
27.5%
13.1%
$317M
$707M
$330M
2019
$2.6B
$191M
26.0%
11.0%
$226M
$732M
$185M
2018
$2.4B
$135M
24.2%
8.8%
$115M
$743M
$101M
2017
$1.9B
$158M
24.2%
7.2%
$88M
$229M
$57M
2016
—
$73M
—
—
$63M
$179M
$134M
2015
—
$79M
—
—
$42M
$193M
$113M
2014
—
$9M
—
—
—
—
$3M
2013
—
-$13M
—
—
—
—
$3M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.4B
$105M
27.7%
12.1%
$147M
$2.8B
$269M
Dec '25
$1.5B
$105M
27.2%
12.1%
$159M
$2.8B
$185M
Sep '25
$1.4B
$142M
30.1%
15.4%
$216M
$2.9B
$1.1B
Jun '25
$1.3B
$152M
30.4%
16.9%
$182M
$1.9B
$842M
Mar '25
$1.2B
$123M
28.5%
14.4%
$139M
$1.4B
$309M
Dec '24
$1.3B
$151M
29.9%
16.6%
$254M
$1.4B
$400M
Sep '24
$1.4B
$169M
30.7%
17.8%
$220M
$1.4B
$257M
Jun '24
$1.4B
$151M
31.0%
15.4%
$74M
$1.4B
$463M
Mar '24
$1.3B
$152M
30.3%
16.8%
$159M
$1.4B
$969M
Dec '23
$1.3B
$146M
30.4%
15.9%
$245M
$1.4B
$849M
Sep '23
$1.3B
$168M
31.7%
17.9%
$185M
$1.4B
$616M
Jun '23
$1.3B
$164M
32.0%
18.0%
$201M
$1.4B
$526M
Mar '23
$1.3B
$136M
29.3%
15.8%
$154M
$1.4B
$334M
Dec '22
$1.3B
$144M
29.7%
16.1%
$140M
$1.5B
$240M
Sep '22
$1.3B
$154M
30.4%
17.1%
$98M
$1.5B
$159M
Jun '22
$1.3B
$144M
30.1%
16.3%
$111M
$1.5B
$124M
Mar '22
$1.2B
$115M
28.3%
14.0%
$71M
$1.5B
$127M
Dec '21
$1.1B
$78M
26.6%
11.1%
$80M
$1.5B
$140M
Sep '21
$846M
$95M
29.6%
15.8%
$94M
$699M
$328M
Jun '21
$834M
$90M
29.1%
15.4%
$97M
$704M
$262M
Valuation over time
How the market has priced BLD against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 10.5× (Mar '23) to 23.0× (Jun '26).
The price-to-sales ratio has risen from 1.2× (Mar '23) to 2.2× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is BLD growing its revenue and profit?
Over the past 5 years, Topbuild Corp's revenue has grown 14.8% per year, and net income grown 16.1% per year. These are computed facts, not advice.
How much debt does BLD have?
As of FY2025, Topbuild Corp reported $2.8B of total debt against $185M of cash; operating income covered interest expense 7.6×.
What is BLD's profit margin?
In FY2025, gross margin was 29.0%, operating margin 14.6%, and net margin 9.6%.
What is BLD's P/E ratio?
As of Jun '26, Topbuild Corp traded at a price-to-earnings ratio of about 23.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.