TopBuild (BLD) Net Margin (2014 - 2026)
TopBuild (BLD) reported Net Margin of 7.25% for Q1 2026, down 276.0% on a YoY basis from 4.12% in Q1 2025, and down 60.89% quarter-over-quarter from 18.53% in Q4 2025.
TopBuild (BLD) Net Margin (2014 - 2026) Analysis & Trends
TopBuild has reported Net Margin for 13 years, with the latest figure at 7.25% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 276.0% year-over-year to 7.25%; the trailing twelve-month figure through Mar 2026 stood at 11.99% (down 318.0% YoY), and the FY2025 full-year result was 12.8%, down 278.0% from the prior year.
- Net Margin for Q1 2026 stood at 7.25%, down from 18.53% in the prior quarter.
- The five-year high for Net Margin was 27.31% in Q4 2024, with the low at 7.25% in Q1 2026.
- Historically, Net Margin has averaged 12.69% across 5 years, with a median of 11.69% in 2025.
- Annual changes were most pronounced in 2024 — Net Margin surged 1592 bps — and 2025, when it slumped 877 bps.
- TopBuild's Net Margin stood at 15.34% in 2022, then declined by 26 bps to 11.38% in 2023, then surged by 140 bps to 27.31% in 2024, then sank by 32 bps to 18.53% in 2025, then slumped by 61 bps to 7.25% in 2026.
- The last three Net Margin figures came in at 7.25% (Q1 2026), 18.53% (Q4 2025), and 10.21% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 2.94% |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 12.93% |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 6.60% |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 1.82% |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 12.57% |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 2.57% |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | -0.08% |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 11.28% |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | TopBuild | 11.46 Bn | 11.19 Bn | 400.25 Mn | 7.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.25% |
| Dec 31, 2025 | 18.53% |
| Sep 30, 2025 | 10.21% |
| Jun 30, 2025 | 11.69% |
| Mar 31, 2025 | 10.00% |
| Dec 31, 2024 | 27.31% |
| Sep 30, 2024 | 12.30% |
| Jun 30, 2024 | 11.04% |
| Mar 31, 2024 | 11.92% |
| Dec 31, 2023 | 11.38% |
| Sep 30, 2023 | 12.64% |
| Jun 30, 2023 | 12.48% |
| Mar 31, 2023 | 10.74% |
| Dec 31, 2022 | 15.34% |
| Sep 30, 2022 | 11.82% |
| Jun 30, 2022 | 11.28% |
| Mar 31, 2022 | 9.81% |
| Dec 31, 2021 | 15.59% |
| Sep 30, 2021 | 11.28% |
| Jun 30, 2021 | 10.83% |