TopBuild Corp.
Rank #304HypergrowthBLD · Industrials
TopBuild Corp. (BLD) — Rank #304 by gross profitability (GP/assets 0.23) · ROE 21.7% · Piotroski F-Score 6 / 9.
As-of 2026-09-15 · CIK 0001633931 · all metrics point-in-time as of the filing date.
About
TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry.
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The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products. The company also offers insulation installation services for fiberglass batts and rolls, blown-in loose fill fiberglass, polyurethane spray foam, and blown-in loose fill cellulose applications; provides roofing installation services, re-roofing and maintenance for the commercial and industrial end markets including single ply roofing, built-up roofing systems, and metal roofing systems. In addition, it distributes building and mechanical insulation, insulation accessories, and other building product materials for the residential, commercial, and industrial end markets. The company serves single-family homebuilders, single-family custom builders, multi-family builders, commercial and industrial general contractors, school districts, municipalities, remodelers, and individual homeowners, as well as insulation contractors, gutter contractors, weatherization contractors, other contractors, dealers, metal building erectors, and modular home builders. It operates installation branches and distribution centers in the United States and Canada. The company was formerly known as Masco SpinCo Corp. and changed its name to TopBuild Corp. in March 2015. TopBuild Corp.
was incorporated in 2015 and is headquartered in Daytona Beach, Florida.
- Industry
- Engineering & Construction
- Sector
- Industrials
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
14,707
Industry
Engineering & Construction
Exchange
—
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Disclosure regression check
A previously-disclosed line item is no longer reported. Worth checking the filing for why.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.23
Primary signal (Novy-Marx).
Return on equity
21.7%
Gross margin
29.0%
Revenue growth (YoY)
183.8%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2018 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
2.6%
Revenue CAGR (5Y)
14.8%
Earnings CAGR (3Y)
-2.1%
FCF CAGR (3Y)
18.4%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.79
Current ratio
2.00×
Quick ratio
1.36×
Net cash
-$2.56B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$696.89M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.34
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.3%
Stock-based comp intensity.
Piotroski F-Score
F-Score
6 / 9
Fundamental-strength score (0-9).