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
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