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| 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 |