TopBuild Corp. (BLD) Financial Ratios
13 years of historical data (2013–2025) · Industrials · Engineering & Construction
EV/EBITDA
↓
15.19
+18% vs avg
5yr avg: 12.90
30Y Low7.1·High19.3
P/FCF
↓
16.70
-0% vs avg
5yr avg: 16.77
30Y Low12.1·High31.5
P/B Ratio
↓
5.02
+13% vs avg
5yr avg: 4.44
30Y Low1.3·High5.6
ROE
↑
23.1%
-11% vs avg
5yr avg: 25.9%
30Y Low-1%·High31%
Debt/EBITDA
↑
3.28
↑+45% vs avg
5yr avg: 2.26
30Y Low1.3·High3.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BLD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
TopBuild Corp. trades at 22.6x earnings, 19% above its 5-year average of 19.0x, sitting at the 73rd percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a discount of 11%. On a free-cash-flow basis, the stock trades at 16.7x P/FCF, roughly in line with the 5-year average of 16.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $11.6B | $11.7B | $9.6B | $11.8B | $5.1B | $9.1B | $6.1B | $3.5B | $1.6B | $2.8B | $1.3B |
| Enterprise Value | $14.6B | $14.7B | $10.7B | $12.6B | $6.5B | $10.7B | $6.6B | $4.2B | $2.2B | $3.0B | $1.4B |
| P/E Ratio → | 22.63 | 22.83 | 15.34 | 19.36 | 9.13 | 28.21 | 24.81 | 18.54 | 11.90 | 17.53 | 18.54 |
| P/S Ratio | 2.15 | 2.17 | 1.79 | 2.27 | 1.01 | 2.62 | 2.26 | 1.35 | 0.67 | 1.45 | 0.77 |
| P/B Ratio | 5.02 | 5.07 | 4.32 | 4.61 | 2.63 | 5.59 | 4.54 | 3.07 | 1.49 | 2.78 | 1.39 |
| P/FCF | 16.70 | 16.84 | 13.52 | 15.05 | 12.10 | 26.32 | 19.34 | 15.66 | 13.98 | 31.52 | 21.52 |
| P/OCF | 15.38 | 15.52 | 12.31 | 13.91 | 10.24 | 22.69 | 17.13 | 13.04 | 9.59 | 24.47 | 17.56 |
P/E links to full P/E history page with 30-year chart
BLD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
TopBuild Corp.'s enterprise value stands at 15.2x EBITDA, 18% above its 5-year average of 12.9x. The Industrials sector median is 13.8x, placing the stock at a 10% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.72 | 2.01 | 2.43 | 1.30 | 3.07 | 2.43 | 1.59 | 0.94 | 1.55 | 0.80 |
| EV / EBITDA | 15.19 | 15.30 | 10.45 | 12.46 | 7.08 | 19.23 | 15.80 | 12.22 | 9.04 | 19.28 | 10.42 |
| EV / EBIT | 18.44 | 16.07 | 11.74 | 14.01 | 8.15 | 23.11 | 18.55 | 14.34 | 10.72 | 21.72 | 11.43 |
| EV / FCF | — | 21.10 | 15.18 | 16.05 | 15.53 | 30.76 | 20.80 | 18.48 | 19.58 | 33.63 | 22.23 |
BLD Profitability
Margins and return-on-capital ratios measuring operating efficiency
TopBuild Corp. earns an operating margin of 14.6%, above the Industrials sector average of 4.3%. Operating margins have compressed from 16.9% to 14.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 23.1% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 13.7% represents solid returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.0% | 29.0% | 30.5% | 30.9% | 29.7% | 27.9% | 27.5% | 26.0% | 24.2% | 24.2% | 23.0% |
| Operating Margin | 14.6% | 14.6% | 16.6% | 16.9% | 15.9% | 13.7% | 13.1% | 11.0% | 8.8% | 7.2% | 7.0% |
| Net Profit Margin | 9.6% | 9.6% | 11.7% | 11.8% | 11.1% | 9.3% | 9.1% | 7.3% | 5.7% | 8.3% | 4.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.1% | 23.1% | 26.1% | 27.3% | 31.2% | 21.7% | 19.7% | 17.2% | 13.0% | 16.1% | 7.7% |
| ROA | 9.1% | 9.1% | 12.6% | 12.6% | 12.5% | 9.2% | 9.1% | 7.6% | 6.4% | 9.2% | 4.4% |
| ROIC | 13.7% | 13.7% | 19.7% | 19.6% | 18.3% | 14.3% | 14.8% | 12.4% | 10.8% | 9.3% | 9.1% |
| ROCE | 16.1% | 16.1% | 21.2% | 21.4% | 21.7% | 16.3% | 16.0% | 14.0% | 12.3% | 9.9% | 9.1% |
BLD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
TopBuild Corp. carries a Debt/EBITDA ratio of 3.3x, which is moderately leveraged (roughly in line with the sector average of 3.2x). Net debt stands at $3.0B ($3.2B total debt minus $185M cash). Interest coverage of 4.3x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.36 | 1.36 | 0.71 | 0.64 | 0.87 | 1.03 | 0.59 | 0.71 | 0.69 | 0.24 | 0.18 |
| Debt / EBITDA | 3.28 | 3.28 | 1.54 | 1.62 | 1.82 | 3.03 | 1.90 | 2.40 | 2.99 | 1.58 | 1.34 |
| Net Debt / Equity | — | 1.28 | 0.53 | 0.31 | 0.74 | 0.94 | 0.34 | 0.55 | 0.60 | 0.19 | 0.05 |
| Net Debt / EBITDA | 3.09 | 3.09 | 1.15 | 0.78 | 1.56 | 2.78 | 1.11 | 1.86 | 2.59 | 1.21 | 0.33 |
| Debt / FCF | — | 4.26 | 1.67 | 1.01 | 3.43 | 4.44 | 1.46 | 2.82 | 5.60 | 2.11 | 0.71 |
| Interest Coverage | 4.33 | 4.33 | 12.50 | 12.06 | 14.09 | 15.87 | 10.95 | 7.71 | 7.30 | 16.97 | 21.73 |
BLD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.94x means TopBuild Corp. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.34x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.66x to 1.94x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.94 | 1.94 | 2.08 | 2.66 | 1.96 | 1.62 | 1.89 | 1.64 | 1.59 | 1.46 | 1.62 |
| Quick Ratio | 1.34 | 1.34 | 1.55 | 2.18 | 1.41 | 1.14 | 1.56 | 1.32 | 1.21 | 1.08 | 1.26 |
| Cash Ratio | 0.22 | 0.22 | 0.52 | 1.10 | 0.30 | 0.19 | 0.66 | 0.39 | 0.23 | 0.16 | 0.41 |
| Asset Turnover | — | 0.80 | 1.13 | 1.01 | 1.09 | 0.82 | 0.97 | 1.01 | 0.97 | 1.09 | 1.03 |
| Inventory Turnover | 7.60 | 7.60 | 9.11 | 9.85 | 8.03 | 7.12 | 12.22 | 13.03 | 10.70 | 11.00 | 11.55 |
| Days Sales Outstanding | — | 60.35 | 51.47 | 56.14 | 60.93 | 69.98 | 57.39 | 59.65 | 62.32 | 59.07 | 52.91 |
BLD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TopBuild Corp. returns 3.7% to shareholders annually primarily through share buybacks. The earnings yield of 4.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.4% | 4.4% | 6.5% | 5.2% | 11.0% | 3.5% | 4.0% | 5.4% | 8.4% | 5.7% | 5.4% |
| FCF Yield | 6.0% | 5.9% | 7.4% | 6.6% | 8.3% | 3.8% | 5.2% | 6.4% | 7.2% | 3.2% | 4.6% |
| Buyback Yield | 3.7% | 3.7% | 10.1% | 0.0% | 4.9% | 0.4% | 0.8% | 3.1% | 4.1% | 5.0% | 1.7% |
| Total Shareholder Yield | 3.7% | 3.7% | 10.1% | 0.0% | 4.9% | 0.4% | 0.8% | 3.1% | 4.1% | 5.0% | 1.7% |
| Shares Outstanding | — | $28M | $31M | $32M | $32M | $33M | $33M | $34M | $36M | $37M | $38M |
Peer Comparison
Compare BLD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BLDYou | $12B | 22.6 | 15.2 | 16.7 | 29.0% | 14.6% | 23.1% | 13.7% | 3.3 |
 IBOC | $5B | 11.3 | 8.9 | 9.4 | 78.3% | 49.4% | 13.6% | 10.5% | 1.3 |
 IBP | $6B | 21.8 | 13.1 | 19.0 | 34.0% | 13.0% | 37.5% | 20.7% | 2.1 |
 AWI | $7B | 22.2 | 16.4 | 27.2 | 40.6% | 26.6% | 37.2% | 24.9% | 1.2 |
 AAON | $11B | 105.6 | 50.0 | — | 26.7% | 10.6% | 12.5% | 9.8% | 1.9 |
 AMWD | $701M | 7.4 | 5.9 | 10.7 | 17.9% | 8.2% | 10.9% | 7.8% | 2.6 |
 TREX | $5B | 26.1 | 15.7 | 35.8 | 39.2% | 22.0% | 20.2% | 16.4% | 0.7 |
 OC | $10B | -19.9 | 6.8 | 10.4 | 28.5% | 17.0% | -11.6% | 12.9% | 2.6 |
 BLDR | $9B | 19.9 | 10.2 | 10.0 | 29.0% | 5.2% | 10.1% | 6.4% | 4.1 |
 EXP | $7B | 17.0 | 14.0 | 35.0 | 28.3% | 24.3% | 28.9% | 14.8% | 3.0 |
 LPX | $5B | 36.4 | 13.4 | 58.1 | 21.8% | 9.6% | 8.6% | 10.9% | 1.0 |
| Industrials Median | — | 25.5 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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BLD — Frequently Asked Questions
Quick answers to the most common questions about buying BLD stock.
What is TopBuild Corp.'s P/E ratio?
TopBuild Corp.'s current P/E ratio is 22.6x. The historical average is 18.3x. This places it at the 73th percentile of its historical range.
What is TopBuild Corp.'s EV/EBITDA?
TopBuild Corp.'s current EV/EBITDA is 15.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.1x.
What is TopBuild Corp.'s ROE?
TopBuild Corp.'s return on equity (ROE) is 23.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 16.2%.
Is BLD stock overvalued?
Based on historical data, TopBuild Corp. is trading at a P/E of 22.6x. This is at the 73th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are TopBuild Corp.'s profit margins?
TopBuild Corp. has 29.0% gross margin and 14.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does TopBuild Corp. have?
TopBuild Corp.'s Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.