TopBuild (BLD) Operating Expenses (2014 - 2026)

TopBuild (BLD) posted Operating Expenses of $225.2 million for Q1 2026, little changed quarter-over-quarter from $224.9 million in Q4 2025, and up 29.44% year-on-year from $174.0 million in Q1 2025.

TopBuild (BLD) Operating Expenses (2014 - 2026) Analysis & Trends

TopBuild (BLD) has reported Operating Expenses for 13 consecutive years, with $225.2 million the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $225.2 million, up 29.44% year-over-year; the trailing twelve-month figure through Mar 2026 was $828.3 million (up 11.94% YoY), and the FY2025 annual result was $777.1 million, up 5.21% from the prior year.
  • Operating Expenses was $225.2 million for Q1 2026 at TopBuild, roughly flat from $224.9 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $225.2 million in Q1 2026 and troughed at $167.2 million in Q1 2022.
  • Average Operating Expenses over 5 years is $185.6 million, with a median of $176.9 million recorded in 2022.
  • Year-over-year, Operating Expenses jumped 64.17% in 2022 and retreated 18.39% in 2025.
  • Over 5 years, Operating Expenses stood at $172.6 million in 2022, then increased by 7.97% to $186.3 million in 2023, then retreated by 6.3% to $174.6 million in 2024, then rose by 28.83% to $224.9 million in 2025, then grew by 0.13% to $225.2 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $225.2 million in Q1 2026, $224.9 million in Q4 2025, and $203.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Stantec 7,704.08 Bn 7,704.08 Bn 914.10 Mn 666.00 Mn
2 Quanta Services 103.60 Bn 103.33 Bn 1.11 Bn 620.73 Mn
3 Mastec 30.47 Bn 30.31 Bn 477.90 Mn 297.49 Mn
4 Sterling Infrastructure 23.80 Bn 23.30 Bn 194.30 Mn 49.26 Mn
5 APi 18.02 Bn 17.38 Bn 620.00 Mn 517.00 Mn
6 Jacobs Solutions 14.73 Bn 13.35 Bn 794.89 Mn 876.07 Mn
7 IES Holdings 13.95 Bn 13.69 Bn 254.79 Mn 142.57 Mn
8 Aecom 8.61 Bn 7.78 Bn 296.50 Mn 57.87 Mn
9 Everus Construction 7.72 Bn 7.42 Bn 130.73 Mn 53.05 Mn
10 TopBuild 140.75 Mn -128.10 Mn 400.25 Mn 225.21 Mn

Historic Data

Download Data
DateValue
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