TopBuild (BLD) Operating Leases (2019 - 2026)

TopBuild (BLD) reported Operating Leases of $190.1 million for Q1 2026, up 47.08% on a YoY basis from $129.2 million in Q1 2025, and down 5.3% quarter-over-quarter from $200.7 million in Q4 2025.

TopBuild (BLD) Operating Leases (2019 - 2026) Analysis & Trends

TopBuild has reported Operating Leases for 8 years, with the latest figure at $190.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Leases rose 47.08% year-over-year to $190.1 million; the trailing twelve-month figure through Mar 2026 stood at $190.1 million (up 47.08% YoY), and the FY2025 full-year result was $200.7 million, up 55.17% from the prior year.
  • Operating Leases for Q1 2026 stood at $190.1 million, down from $200.7 million in the prior quarter.
  • The five-year high for Operating Leases was $200.7 million in Q4 2025, with the low at $124.2 million in Q2 2022.
  • Historically, Operating Leases has averaged $145.8 million across 5 years, with a median of $142.6 million in 2024.
  • Annual changes were most pronounced in 2022 — Operating Leases jumped 112.64% — and 2024, when it retreated 14.26%.
  • TopBuild's Operating Leases stood at $149.9 million in 2022, then declined by 2.49% to $146.2 million in 2023, then dropped by 11.53% to $129.4 million in 2024, then jumped by 55.17% to $200.7 million in 2025, then decreased by 5.3% to $190.1 million in 2026.
  • The last three Operating Leases figures came in at $190.1 million (Q1 2026), $200.7 million (Q4 2025), and $147.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Quanta Services 103.91 Bn 103.65 Bn 1.11 Bn
2 Comfort Systems Usa 65.18 Bn 64.13 Bn 754.41 Mn
3 Emcor 36.65 Bn 35.73 Bn 863.95 Mn
4 Mastec 28.10 Bn 27.94 Bn 477.90 Mn
5 Sterling Infrastructure 27.31 Bn 26.80 Bn 194.30 Mn
6 APi 18.18 Bn 17.54 Bn 620.00 Mn
7 IES Holdings 14.63 Bn 14.37 Bn 254.79 Mn
8 Jacobs Solutions 14.18 Bn 12.80 Bn 794.89 Mn
9 Dycom Industries 13.76 Bn 13.05 Bn -
10 TopBuild 11.17 Bn 10.90 Bn 400.25 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 190.09 Mn
Dec 31, 2025 200.73 Mn
Sep 30, 2025 147.27 Mn
Jun 30, 2025 129.17 Mn
Mar 31, 2025 129.24 Mn
Dec 31, 2024 129.36 Mn
Sep 30, 2024 130.30 Mn
Jun 30, 2024 132.53 Mn
Mar 31, 2024 142.55 Mn
Dec 31, 2023 146.21 Mn
Sep 30, 2023 151.97 Mn
Jun 30, 2023 148.71 Mn
Mar 31, 2023 154.84 Mn
Dec 31, 2022 149.94 Mn
Sep 30, 2022 138.92 Mn
Jun 30, 2022 124.19 Mn
Mar 31, 2022 133.30 Mn
Dec 31, 2021 125.34 Mn
Sep 30, 2021 71.29 Mn
Jun 30, 2021 68.46 Mn