TopBuild (BLD) Operating Expenses (2014 - 2026)
TopBuild (BLD) reported Operating Expenses of $225.2 million for Q1 2026, up 29.44% on a YoY basis from $174.0 million in Q1 2025, and little changed quarter-over-quarter from $224.9 million in Q4 2025.
TopBuild (BLD) Operating Expenses (2014 - 2026) Analysis & Trends
TopBuild has reported Operating Expenses for 13 years, with the latest figure at $225.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 29.44% year-over-year to $225.2 million; the trailing twelve-month figure through Mar 2026 stood at $828.3 million (up 11.94% YoY), and the FY2025 full-year result was $777.1 million, up 5.21% from the prior year.
- Operating Expenses for Q1 2026 stood at $225.2 million, roughly flat from $224.9 million in the prior quarter.
- The five-year high for Operating Expenses was $225.2 million in Q1 2026, with the low at $167.2 million in Q1 2022.
- Historically, Operating Expenses has averaged $185.6 million across 5 years, with a median of $176.9 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 64.17% — and 2025, when it declined 18.39%.
- TopBuild's Operating Expenses stood at $172.6 million in 2022, then advanced by 7.97% to $186.3 million in 2023, then dropped by 6.3% to $174.6 million in 2024, then climbed by 28.83% to $224.9 million in 2025, then gained by 0.13% to $225.2 million in 2026.
- The last three Operating Expenses figures came in at $225.2 million (Q1 2026), $224.9 million (Q4 2025), and $203.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.91 Bn | 103.65 Bn | 1.11 Bn | 620.73 Mn |
| 2 | Comfort Systems Usa | 65.18 Bn | 64.13 Bn | 754.41 Mn | 269.00 Mn |
| 3 | Emcor | 36.65 Bn | 35.73 Bn | 863.95 Mn | 460.11 Mn |
| 4 | Mastec | 28.10 Bn | 27.94 Bn | 477.90 Mn | 297.49 Mn |
| 5 | Sterling Infrastructure | 27.31 Bn | 26.80 Bn | 194.30 Mn | 49.26 Mn |
| 6 | APi | 18.18 Bn | 17.54 Bn | 620.00 Mn | 517.00 Mn |
| 7 | IES Holdings | 14.63 Bn | 14.37 Bn | 254.79 Mn | 142.57 Mn |
| 8 | Jacobs Solutions | 14.18 Bn | 12.80 Bn | 794.89 Mn | 876.07 Mn |
| 9 | Dycom Industries | 13.76 Bn | 13.05 Bn | - | - |
| 10 | TopBuild | 11.17 Bn | 10.90 Bn | 400.25 Mn | 225.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 225.21 Mn |
| Dec 31, 2025 | 224.92 Mn |
| Sep 30, 2025 | 203.91 Mn |
| Jun 30, 2025 | 174.25 Mn |
| Mar 31, 2025 | 173.98 Mn |
| Dec 31, 2024 | 174.58 Mn |
| Sep 30, 2024 | 177.82 Mn |
| Jun 30, 2024 | 213.53 Mn |
| Mar 31, 2024 | 172.64 Mn |
| Dec 31, 2023 | 186.32 Mn |
| Sep 30, 2023 | 183.20 Mn |
| Jun 30, 2023 | 184.70 Mn |
| Mar 31, 2023 | 170.78 Mn |
| Dec 31, 2022 | 172.56 Mn |
| Sep 30, 2022 | 172.87 Mn |
| Jun 30, 2022 | 176.88 Mn |
| Mar 31, 2022 | 167.25 Mn |
| Dec 31, 2021 | 164.72 Mn |
| Sep 30, 2021 | 116.49 Mn |
| Jun 30, 2021 | 114.89 Mn |