TopBuild Corp. Q4 2025 Earnings Call Insights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy BLD?
Source: seekingalpha
- Performance Growth Highlight: TopBuild reported Q4 2025 net sales of $1.49 billion, a 13.2% year-over-year increase, with acquisitions contributing 23%, demonstrating the company's resilience and growth potential in a challenging market environment.
- Ongoing Acquisition Strategy: The company completed seven acquisitions in 2025, including SPI, which is expected to add approximately $1.2 billion in annual revenue, further solidifying its position in the $95 billion market.
- Market Challenges and Responses: Despite weak demand in residential and light commercial sectors and low consumer confidence, TopBuild maintains strength in commercial and industrial markets, with management emphasizing disciplined pricing and local decision-making to navigate market fluctuations.
- Cautious Future Outlook: CFO Kuhns set 2026 sales guidance at $5.925 billion to $6.225 billion, anticipating mid-single-digit declines in residential sales, reflecting uncertainty about market recovery while emphasizing that acquisitions will continue to drive revenue growth.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy BLD?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on BLD
Wall Street analysts forecast BLD stock price to rise
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 485.320
Low
410.00
Averages
486.75
High
536.00
Current: 485.320
Low
410.00
Averages
486.75
High
536.00
About BLD
TopBuild Corp. is an installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada. The Company’s segments include Installation and Specialty Distribution. The Installation segment primarily installs insulation and other building products. Installation sells primarily to the residential new construction market, commercial/industrial construction market, along with repair/remodel of residential housing. In addition to insulation, it installs other building products, including glass and windows, rain gutters, garage doors, closet shelving, and fireplaces, among other items. The Specialty Distribution segment distributes building and mechanical insulation, insulation accessories and other building product materials for the residential and commercial/industrial end markets. In addition to insulation and accessories, it distributes rain gutters, closet shelving, and roofing materials, among other items.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Stock Performance: Shares of TopBuild have decreased by 5.5% following the announcement of their Q4 revenue results.
- Revenue Miss: The decline in stock price is attributed to the company missing revenue expectations for the fourth quarter.
See More
- Earnings Announcement Timing: TopBuild is set to announce its Q4 earnings on February 26 before market open, with a consensus EPS estimate of $4.54, reflecting an 11.5% year-over-year decline, indicating potential challenges in the current economic environment.
- Revenue Expectations: The anticipated Q4 revenue is $1.49 billion, representing a 13.7% year-over-year increase, suggesting that despite pressures, TopBuild is still able to achieve revenue growth, demonstrating resilience in the market.
- Historical Performance Review: Over the past two years, TopBuild has beaten EPS estimates 75% of the time and revenue estimates 63% of the time, indicating a degree of stability and reliability in its financial performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and four downward revisions, while revenue estimates have experienced one upward revision and three downward revisions, reflecting analyst divergence on the company's future performance and market uncertainty.
See More
- Performance Growth Highlight: TopBuild reported Q4 2025 net sales of $1.49 billion, a 13.2% year-over-year increase, with acquisitions contributing 23%, demonstrating the company's resilience and growth potential in a challenging market environment.
- Ongoing Acquisition Strategy: The company completed seven acquisitions in 2025, including SPI, which is expected to add approximately $1.2 billion in annual revenue, further solidifying its position in the $95 billion market.
- Market Challenges and Responses: Despite weak demand in residential and light commercial sectors and low consumer confidence, TopBuild maintains strength in commercial and industrial markets, with management emphasizing disciplined pricing and local decision-making to navigate market fluctuations.
- Cautious Future Outlook: CFO Kuhns set 2026 sales guidance at $5.925 billion to $6.225 billion, anticipating mid-single-digit declines in residential sales, reflecting uncertainty about market recovery while emphasizing that acquisitions will continue to drive revenue growth.
See More
- Earnings Decline: TopBuild Corp. reported Q4 earnings of $104.52 million, or $3.71 per share, which is a significant drop from last year's $150.54 million and $5.11 per share, indicating challenges faced in the current market environment.
- Adjusted Earnings: Excluding items, the company reported adjusted earnings of $126.66 million, or $4.50 per share, which, while lower than last year, demonstrates efforts in cost control amidst declining profitability.
- Revenue Growth: The company's revenue rose 13.2% year-over-year to $1.485 billion, up from $1.312 billion last year, suggesting that TopBuild is capitalizing on recovering market demand despite the earnings drop.
- Market Outlook: Although earnings have declined, the revenue growth may lay the groundwork for future recovery, and TopBuild will need to further optimize operations to navigate market fluctuations and enhance profitability.
See More
- Earnings Performance: TopBuild reported a Q4 non-GAAP EPS of $4.50, missing expectations by $0.04, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth: The company achieved Q4 revenue of $1.49 billion, a 13.2% year-over-year increase, aligning with market expectations, suggesting stable revenue growth amid a housing cycle shift and expansion in commercial and industrial exposure.
- 2026 Outlook: The consensus for 2026 revenue stands at $6.16 billion, with sales projected between $5.925 billion and $6.225 billion, and adjusted EBITDA expected between $1.005 billion and $1.155 billion, reflecting cautious optimism in future growth.
- Acquisition Activity: TopBuild plans to acquire Johnson Roofing to strengthen its market position; however, despite acquisition efforts, organic growth remains lackluster, potentially impacting long-term strategic execution.
See More
- Earnings Report: TopBuild reported Q4 adjusted earnings of $4.50 per diluted share, down from $5.13 in the same quarter last year, indicating challenges faced by the construction industry.
- Market Reaction: The decline in earnings raises investor concerns about the company's future profitability, potentially putting pressure on the stock price and affecting market confidence in the short term.
- Industry Context: Weakening demand for building materials and rising costs are the primary factors contributing to the earnings drop, which may impact TopBuild's market share and competitiveness.
- Outlook: Despite current challenges, TopBuild needs to formulate effective strategies to adapt to market changes and maintain long-term growth potential.
See More






