TopBuild (BLD) Financials

$291.67 +3.04 (+1.05%)

As of 03:58 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	79	73	158	270	191	247	324	556	614	623
Consolidated Net Income / (Loss)	79	73	158	270	191	247	324	556	614	623
Net Income / (Loss) Continuing Operations	79	73	158	0.00	191	247	324	556	614	623
Total Pre-Tax Income	74	116	128	181	254	323	433	742	825	841
Total Operating Income	84	122	137	209	290	355	476	797	879	886
Total Gross Profit	358	400	461	576	681	746	974	1,487	1,604	1,625
Total Revenue	1,617	1,743	1,906	2,384	2,624	2,718	3,486	5,009	5,195	5,330
Operating Revenue	1,617	1,743	1,906	2,384	2,624	2,718	3,486	5,009	5,195	5,330
Total Cost of Revenue	1,259	1,343	1,445	1,808	1,943	1,972	2,512	3,522	3,591	3,705
Operating Cost of Revenue	1,259	1,343	1,445	1,808	1,943	1,972	2,512	3,522	3,591	3,705
Total Operating Expenses	274	279	324	367	392	391	498	690	725	739
Selling, General & Admin Expense	274	279	294	367	392	391	498	690	725	739
Total Other Income / (Expense), net	-9.42	-5.33	-8.82	-28	-36	-32	-43	-55	-53	-46
Interest Expense	9.47	5.61	9.11	29	38	33	43	57	75	73
Other Income / (Expense), net	0.05	0.28	0.28	0.56	2.08	0.73	0.00	1.69	21	28
Income Tax Expense	-5.01	44	-30	46	63	76	109	186	211	218
Basic Earnings per Share	$2.10	$1.93	$4.41	$3.86	$5.65	$7.50	$9.88	$17.26	$19.44	$20.41
Weighted Average Basic Shares Outstanding	37.67M	37.59M	35.90M	34.92M	33.81M	32.92M	32.80M	32.21M	31.60M	30.50M
Diluted Earnings per Share	$2.09	$1.92	$4.32	$3.78	$5.56	$7.42	$9.78	$17.14	$19.33	$20.29
Weighted Average Diluted Shares Outstanding	37.67M	37.87M	36.57M	35.61M	34.38M	33.30M	33.15M	32.44M	31.78M	30.68M
Weighted Average Basic & Diluted Shares Outstanding	37.67M	37.59M	35.90M	34.90M	33.49M	33.02M	32.93M	31.67M	31.78M	29.23M

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

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

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

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

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

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

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

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

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

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

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.

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%.

Remove Ads

Related Companies

This page (NYSE:BLD) was last updated on 4/14/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

TopBuild (BLD) Financials

Frequently Asked Questions About TopBuild's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

TopBuild (BLD) Financials

Annual Income Statements for TopBuild

Quarterly Income Statements for TopBuild

Annual Cash Flow Statements for TopBuild

Quarterly Cash Flow Statements for TopBuild

Annual Balance Sheets for TopBuild

Quarterly Balance Sheets for TopBuild

Annual Metrics and Ratios for TopBuild

Quarterly Metrics and Ratios for TopBuild

Frequently Asked Questions About TopBuild's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools