TopBuild (BLD) Operating Margin (2014 - 2026)
TopBuild (BLD) reported Operating Margin of 12.11% for Q1 2026, down 229.0% on a YoY basis from 9.38% in Q1 2025, and little changed quarter-over-quarter from 12.1% in Q4 2025.
TopBuild (BLD) Operating Margin (2014 - 2026) Analysis & Trends
TopBuild has reported Operating Margin for 13 years, with the latest figure at 12.11% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 229.0% year-over-year to 12.11%; the trailing twelve-month figure through Mar 2026 stood at 14.04% (down 203.0% YoY), and the FY2025 full-year result was 14.64%, down 199.0% from the prior year.
- Operating Margin for Q1 2026 stood at 12.11%, roughly flat from 12.1% in the prior quarter.
- The five-year high for Operating Margin was 18.0% in Q2 2023, with the low at 12.1% in Q4 2025.
- Historically, Operating Margin has averaged 15.8% across 5 years, with a median of 16.06% in 2022.
- Annual changes were most pronounced in 2022 — Operating Margin surged 492 bps — and 2025, when it slumped 448 bps.
- TopBuild's Operating Margin stood at 16.06% in 2022, then declined by 1 bps to 15.92% in 2023, then grew by 4 bps to 16.57% in 2024, then fell by 27 bps to 12.1% in 2025, then advanced by 0 bps to 12.11% in 2026.
- The last three Operating Margin figures came in at 12.11% (Q1 2026), 12.1% (Q4 2025), and 15.43% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 4.30% |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 16.95% |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 8.73% |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 3.70% |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 16.69% |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 5.20% |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | -2.20% |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 11.52% |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | TopBuild | 11.46 Bn | 11.19 Bn | 400.25 Mn | 12.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.11% |
| Dec 31, 2025 | 12.10% |
| Sep 30, 2025 | 15.43% |
| Jun 30, 2025 | 16.94% |
| Mar 31, 2025 | 14.39% |
| Dec 31, 2024 | 16.57% |
| Sep 30, 2024 | 17.77% |
| Jun 30, 2024 | 15.41% |
| Mar 31, 2024 | 16.78% |
| Dec 31, 2023 | 15.92% |
| Sep 30, 2023 | 17.91% |
| Jun 30, 2023 | 18.00% |
| Mar 31, 2023 | 15.76% |
| Dec 31, 2022 | 16.06% |
| Sep 30, 2022 | 17.13% |
| Jun 30, 2022 | 16.26% |
| Mar 31, 2022 | 14.03% |
| Dec 31, 2021 | 11.14% |
| Sep 30, 2021 | 15.82% |
| Jun 30, 2021 | 15.38% |