Growth Metrics

TopBuild (BLD) Operating Margin (2016 - 2025)

TopBuild's Operating Margin history spans 12 years, with the latest figure at 31.28% for Q4 2025.

  • For Q4 2025, Operating Margin rose 624.0% year-over-year to 31.28%; the TTM value through Dec 2025 reached 2.73%, down 58.0%, while the annual FY2025 figure was 2.73%, 58.0% down from the prior year.
  • Operating Margin reached 31.28% in Q4 2025 per BLD's latest filing, down from 15.43% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 18.0% in Q2 2023 to a low of 38.93% in Q4 2023.
  • Average Operating Margin over 5 years is 7.97%, with a median of 15.6% recorded in 2023.
  • Peak YoY movement for Operating Margin: crashed -5499bps in 2023, then surged 624bps in 2025.
  • A 5-year view of Operating Margin shows it stood at 11.14% in 2021, then surged by 44bps to 16.06% in 2022, then plummeted by -342bps to 38.93% in 2023, then increased by 4bps to 37.52% in 2024, then grew by 17bps to 31.28% in 2025.
  • Per Business Quant, the three most recent readings for BLD's Operating Margin are 31.28% (Q4 2025), 15.43% (Q3 2025), and 16.94% (Q2 2025).