Loading...
•
Dec 31, 2025
TopBuild Q4 2025 Earnings Report
TopBuild reported double-digit fourth quarter revenue growth driven by acquisitions, with lower margins year-over-year.
Key Takeaways
For Q4 2025, TopBuild generated net sales of 1485247000, up 13.2% year-over-year, primarily from acquisitions. Net income declined to 104515000, with diluted EPS of 3.71. Adjusted EBITDA was 265175000, representing a 17.9% margin, while operating margin contracted to 12.1%.
Net sales increased 13.2% year-over-year to 1485247000, driven by M&A.
Net income was 104515000 with diluted EPS of 3.71.
Adjusted EBITDA was 265175000 with a 17.9% margin.
Operating margin declined to 12.1% from 16.6% in the prior year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For full year 2026, TopBuild expects sales between 5925000000 and 6225000000 and adjusted EBITDA between 1005000000 and 1155000000, assuming continued residential weakness and commercial growth.
Positive Outlook
- 2026 sales guidance range of 5925000000 to 6225000000.
- Adjusted EBITDA guidance of 1005000000 to 1155000000.
- Commercial/Industrial sales expected to grow low-single digits.
- M&A contribution expected between 800000000 and 850000000 in sales.
- Capital expenditures expected at 1.0% to 2.0% of sales.
Challenges Ahead
- Residential sales expected to decline mid-single digits.
- Interest expense and other, net expected between 143000000 and 149000000.
- Tax rate assumption of approximately 26%.
- Working capital expected at 15% to 17% of sales.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...