Builders FirstSource Inc (BLDR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	$0.37	$0.27	-27.0%	—	$3.3B	—
Q2 25	$2.34	$2.38	+1.7%	—	$4.2B	—
Q1 25	$1.42	$1.51	+6.3%	—	$3.7B	—
Q4 24	$2.21	$2.31	+4.5%	—	$3.8B	—
Q3 24	$3.02	$3.07	+1.7%	—	$4.2B	—
Q2 24	$3.08	$3.5	+13.6%	—	$4.5B	—
Q1 24	$2.33	$2.65	+13.7%	—	$3.9B	—
Q4 23	$2.58	$3.55	+37.6%	—	$4.2B	—
Q3 23	$3.92	$4.24	+8.2%	—	$4.5B	—
Q2 23	$2.59	$3.89	+50.2%	—	$4.5B	—
Q1 23	$1.56	$2.96	+89.7%	—	$3.9B	—
Q4 22	$2.31	$3.21	+39.0%	—	$4.4B	—
Q3 22	$3.3	$5.2	+57.6%	—	$5.8B	—
Q2 22	$3.04	$6.26	+105.9%	—	$6.9B	—
Q1 22	$2.02	$3.9	+93.1%	—	$5.7B	—
Q4 21	$1.89	$2.78	+47.1%	—	$4.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.91	—	—	$15.2B	—
FY24	—	$9.13	—	—	$16.4B	—
FY23	—	$12.1	—	—	$17.1B	—
FY22	—	$17	—	—	$22.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$6.4B	$7B	$7.7B	$7.3B	$8.6B	$19.9B	$22.7B	$17.1B	$16.4B	$15.2B
YoY change	+78.6%	+10.5%	+9.82%	-5.75%	+17.6%	+132.4%	+14.2%	-24.8%	-4.08%	-7.38%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	6.4B	7B	7.7B	7.3B	8.6B	19.9B	22.7B	17.1B	16.4B	15.2B
Cost of revenue	4.8B	5.3B	5.8B	5.3B	6.3B	14B	15B	11.1B	11B	10.6B
Gross profit	1.6B	1.7B	1.9B	2B	2.2B	5.9B	7.7B	6B	5.4B	4.6B
Gross margin	25.1%	24.6%	24.9%	27.2%	26%	29.4%	34.1%	35.2%	32.8%	30.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.4B	1.4B	1.6B	1.6B	1.7B	3.5B	4B	3.8B	3.8B	3.8B
Operating expenses	1.4B	1.4B	1.6B	1.6B	1.7B	3.5B	4B	3.8B	3.8B	3.8B
Operating income	236.3M	285.1M	369M	392.3M	543.9M	2.4B	3.8B	2.2B	1.6B	786.3M
Operating margin	3.71%	4.05%	4.78%	5.39%	6.35%	12%	16.6%	12.7%	9.73%	5.18%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	21.7M	91.9M	260.8M	282.8M	408.2M	2.3B	3.6B	2B	1.4B	512.4M
Income tax	-122.7M	53.1M	55.6M	60.9M	94.6M	526.1M	822.5M	443.6M	309.6M	77.2M
Net income	144.3M	38.8M	205.2M	221.8M	313.5M	1.7B	2.7B	1.5B	1.1B	435.2M
Net margin	2.27%	0.55%	2.66%	3.05%	3.66%	8.67%	12.1%	9.01%	6.57%	2.86%
EBITDA	346.1M	378.1M	466.9M	492.3M	660.4M	2.9B	4.3B	2.7B	2.2B	1.4B
EPS	1.3	0.34	1.79	1.92	2.69	8.55	17	12.1	9.13	3.91
Diluted EPS	1.27	0.34	1.76	1.9	2.66	8.48	16.8	11.9	9.06	3.89

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	4.5B	4.2B	3.9B	4.5B	4.2B	3.8B	3.7B	4.2B	3.9B	3.4B	3.3B	3.9B
Cost of revenue	3B	2.7B	2.6B	3B	2.8B	2.6B	2.5B	2.9B	2.7B	2.4B	2.4B	2.8B
Gross profit	1.6B	1.5B	1.3B	1.5B	1.4B	1.2B	1.1B	1.3B	1.2B	1B	929M	1.1B
Gross margin	34.9%	35.3%	33.4%	32.8%	32.8%	32.3%	30.5%	30.7%	30.4%	29.8%	28.3%	28.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	939.5M	974.5M	926.3M	973.2M	958.3M	930M	930.8M	987.8M	970.7M	940.2M	912.5M	958.3M
Operating expenses	939.5M	974.5M	926.3M	973.2M	958.3M	930M	930.8M	987.8M	970.7M	940.2M	912.5M	958.3M
Operating income	641.6M	490.4M	373.6M	489.5M	428M	304.1M	184.4M	311.3M	228.8M	61.8M	16.5M	128.5M
Operating margin	14.2%	11.8%	9.6%	11%	10.1%	7.96%	5.04%	7.35%	5.8%	1.84%	0.5%	3.33%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	591.4M	443.6M	325.3M	437.5M	373.8M	251M	119.5M	239.3M	159.5M	-6M	-57.9M	52.4M
Income tax	140M	92.9M	66.5M	93.4M	89M	60.8M	23.2M	54.3M	37.1M	-37.5M	-10.5M	56.3M
Net income	451.5M	350.7M	258.8M	344.1M	284.8M	190.2M	96.3M	185M	122.4M	31.5M	-47.4M	-3.9M
Net margin	9.96%	8.45%	6.65%	7.72%	6.73%	4.98%	2.63%	4.37%	3.11%	0.94%	-1.44%	-0.1%
EBITDA	782.2M	632.6M	514M	632.8M	569.7M	440.6M	329.5M	458.8M	376.3M	213.1M	164.9M	278.5M
EPS	3.62	—	2.12	2.89	2.45	1.66	0.85	1.67	1.11	0.28	-0.43	-0.04
Diluted EPS	3.59	—	2.1	2.87	2.44	1.65	0.84	1.66	1.1	0.28	-0.43	-0.04

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.2B	2.5B	1.3B	2.9B	4.8B	—	—	—	16.9B	11.5B	6.2B
Enterprise value	3B	4.2B	2.8B	4.5B	6.2B	—	—	—	21.1B	16.4B	11.5B
Shares outstanding	110.8M	112.6M	114.6M	115.7M	116.6M	201.8M	162M	127.8M	118M	111.4M	111.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	8.42	63.3	6.09	13.3	15.2	—	—	—	15.7	26.3	63.1
P/S	0.19	0.35	0.16	0.4	0.56	—	—	—	1.03	0.75	0.43
P/B	3.92	6.52	2.1	3.56	4.13	—	—	—	3.93	2.63	1.56
EV/EBITDA	8.67	11.1	6	9.17	9.45	—	—	—	9.76	11.9	11.3
EV/Sales	0.47	0.59	0.36	0.62	0.73	—	—	—	1.28	1.08	0.8
Earnings yield	11.9%	1.58%	16.4%	7.54%	6.59%	—	—	—	6.39%	3.8%	1.59%
FCF yield	9.51%	4.73%	14.5%	13.3%	3.11%	—	—	—	8.84%	7.44%	7.44%
PEG	—	—	—	—	—	—	—	—	—	—	-0.62

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	25.1%	24.6%	24.9%	27.2%	26%	29.4%	34.1%	35.2%	32.8%	30.4%	28.1%
Operating margin	3.71%	4.05%	4.78%	5.39%	6.35%	12%	16.6%	12.7%	9.73%	5.18%	3.33%
Net margin	2.27%	0.55%	2.66%	3.05%	3.66%	8.67%	12.1%	9.01%	6.57%	2.86%	0.71%
ROE	46.6%	10.3%	34.4%	26.9%	27.2%	35.9%	55.4%	32.6%	25.1%	10%	2.51%
ROA	4.96%	1.29%	7%	6.83%	7.51%	16.1%	25.9%	14.7%	10.2%	5.24%	2.39%
ROIC	11.3%	5.72%	13.5%	12.8%	15.9%	22.4%	34.7%	20.2%	14.6%	7.2%	3.29%
Return on tangible assets	13%	3.08%	16.5%	15.2%	13.3%	178.4%	474.4%	195%	105.8%	-18.7%	11.1%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.61	1.75	1.88	1.59	2.07	1.86	1.9	1.77	1.77	—	1.79
Quick ratio	0.89	0.99	1.06	0.91	1.34	1.1	1.12	1.11	1.09	—	1.09
Debt / equity	5.82	4.74	2.62	1.93	1.65	0.71	0.7	0.78	1.01	1.17	1.31
Debt / assets	0.62	0.59	0.53	0.49	0.46	0.32	0.33	0.35	0.41	0.61	0.46
Net debt / EBITDA	5.16	4.57	3.32	3.2	2.24	1.14	0.8	1.33	1.94	3.57	5.01
Interest coverage	1.1	1.48	3.41	3.58	4.01	17.6	19	11.3	7.68	2.87	1.51
Effective tax rate	0%	57.8%	21.3%	21.6%	23.2%	23.4%	23%	22.4%	22.3%	15.1%	30.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	57.5	62.5	67.4	62.9	73.4	98.6	140.3	133.8	138.9	136.4	131.8
EPS (basic)	1.3	0.34	1.79	1.92	2.69	8.55	17	12.1	9.13	3.91	3.91
EPS (diluted)	1.27	0.34	1.76	1.9	2.66	8.48	16.8	11.9	9.06	3.89	0.92
Book value per share	2.8	3.34	5.2	7.13	9.89	23.8	30.6	37	36.4	39.1	37.2
FCF per share	1.04	1.03	1.58	3.38	1.27	7.51	20.1	14.3	12.6	7.66	5.94
Cash per share	0.13	0.51	0.09	0.12	3.63	0.21	0.5	0.52	1.3	1.63	0.61
Capex per share	0.31	0.53	0.84	0.92	0.89	1.06	2.03	3.36	3.11	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.54%	0.84%	1.25%	1.46%	1.21%	1.08%	1.45%	2.51%	2.24%	—	—
Capex / operating cash flow	34.9%	43%	36.4%	21.7%	53.3%	12.9%	9.28%	18.4%	19.1%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$4.5B	$4.2B	$3.9B	$4.5B	$4.2B	$3.8B	$3.7B	$4.2B	$3.9B	$3.4B	$3.3B	$3.9B
YoY change	-21.3%	-4.74%	+0.21%	-1.6%	-6.66%	-7.96%	-6.01%	-4.99%	-6.88%	-12.1%	-10.1%	-8.77%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	14.4M	57.5M	10.1M	14.1M	423.8M	42.6M	80.4M	66.2M	153.6M	181.8M
Receivables	569.2M	632M	654.2M	614.9M	822.8M	1.7B	1.4B	1.4B	1.2B	1.1B
Inventory	541.8M	601.5M	596.9M	561.3M	784.5M	1.6B	1.4B	1.2B	1.2B	1.1B
Total current assets	1.2B	1.4B	1.4B	1.3B	2.2B	4B	3.5B	3.3B	3.1B	—
Property, plant & equipment	324.6M	301.8M	311.7M	639.7M	636.8M	1.3B	1.4B	1.6B	1.7B	1.9B
Goodwill & intangibles	1.8B	1.7B	1.7B	1.8B	1.8B	9.7B	10B	9.7B	9.6B	10.6B
Total assets	2.9B	3B	2.9B	3.2B	4.2B	10.7B	10.6B	10.5B	10.6B	8.3B
Accounts payable	409.8M	514.3M	423.2M	436.8M	600.4M	1.1B	803.5M	881.4M	868.1M	714.7M
Short-term debt	16.2M	12.5M	15.6M	75.5M	89M	100.3M	107.1M	101.9M	107M	125.5M
Total current liabilities	754.7M	798.4M	731.3M	821.3M	1.1B	2.1B	1.8B	1.9B	1.8B	1.6B
Long-term debt	1.8B	1.8B	1.5B	1.5B	1.8B	3.3B	3.4B	3.6B	4.2B	5B
Total liabilities	2.6B	2.6B	2.3B	2.4B	3B	5.9B	5.6B	5.8B	6.3B	6.9B
Shareholders' equity	309.6M	376.2M	596.3M	825M	1.2B	4.8B	5B	4.7B	4.3B	4.4B
Total debt	1.8B	1.8B	1.6B	1.6B	1.9B	3.4B	3.5B	3.7B	4.3B	5.1B
Net debt	1.8B	1.7B	1.6B	1.6B	1.5B	3.4B	3.4B	3.6B	4.2B	4.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	88.1M	66.2M	697.5M	75.6M	328.1M	153.6M	115.4M	87M	296.2M	181.8M	98.3M	65.7M
Receivables	1.6B	1.4B	1.4B	1.5B	1.4B	1.2B	1.3B	1.3B	1.3B	1.1B	1.2B	1.3B
Inventory	1.3B	1.2B	1.4B	1.3B	1.2B	1.2B	1.3B	1.3B	1.2B	1.1B	1.2B	1.3B
Total current assets	3.6B	3.3B	3.9B	3.5B	3.5B	3.1B	3.3B	3.3B	3.3B	2.9B	3.1B	3.2B
Property, plant & equipment	2.3B	1.6B	2.3B	2.4B	2.5B	1.7B	2.8B	2.8B	2.8B	1.9B	2.8B	2.7B
Goodwill & intangibles	9.7B	9.7B	9.7B	9.5B	9.6B	9.6B	10.6B	10.5B	10.4B	10.6B	10.5B	10.4B
Total assets	10.7B	10.5B	11.2B	10.7B	10.9B	10.6B	11.4B	11.5B	11.4B	11.2B	11.3B	11.3B
Accounts payable	1B	881.4M	1B	1B	1B	868.1M	1B	1B	960.9M	714.7M	924.6M	1B
Short-term debt	102.1M	101.9M	100.1M	99.5M	105.4M	107M	111.3M	113.2M	121.2M	125.5M	135.7M	124.8M
Total current liabilities	2B	1.9B	1.8B	1.9B	2B	1.8B	1.8B	1.8B	1.8B	1.6B	1.8B	1.8B
Long-term debt	3.8B	3.6B	4.1B	4.3B	4.2B	4.2B	5B	5.2B	5B	5B	5.2B	5.1B
Total liabilities	6.2B	5.8B	6.2B	6.4B	6.4B	6.3B	7.1B	7.3B	7.1B	6.9B	7.3B	7.3B
Shareholders' equity	4.6B	4.7B	5B	4.3B	4.4B	4.3B	4.4B	4.2B	4.3B	4.4B	4B	4B
Total debt	3.9B	3.7B	4.2B	4.4B	4.3B	4.3B	5.1B	5.3B	5.1B	5.1B	5.3B	5.2B
Net debt	3.8B	3.6B	3.5B	4.3B	4B	4.2B	5B	5.2B	4.8B	4.9B	5.2B	5.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	144.3M	38.8M	205.2M	221.8M	313.5M	1.7B	2.7B	1.5B	1.1B	435.2M
Depreciation & amortization	109.8M	93M	97.9M	100M	116.6M	547.4M	497.1M	558.3M	561.9M	591.4M
Stock-based compensation	10.5M	13.5M	14.4M	12.2M	17M	31.5M	31.3M	48.5M	63.1M	53.5M
Change in working capital	-47.6M	-62.2M	-108.8M	100.8M	-272.9M	-612.5M	360.4M	284.8M	234.2M	211.9M
Operating cash flow	98.5M	138.2M	265.2M	489.8M	194.4M	1.7B	3.6B	2.3B	1.9B	1.2B
Capital expenditure	-34.4M	-59.4M	-96.7M	-106.3M	-103.6M	-214.3M	-329.5M	-429.6M	-366.6M	—
Investing cash flow	-38.3M	-59.4M	-96.7M	-199.2M	-136.2M	-1.3B	-957.5M	-668.3M	-710.7M	-1.1B
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-1.1M	-2.6M	-4.9M	-10.4M	-4.2M	-1.7B	-2.6B	-1.8B	-1.5B	-414M
Financing cash flow	-237.1M	265.9M	-408.5M	-457.8M	332.4M	-267.8M	-2.6B	-1.7B	-1.1B	279.4M
Net change in cash	-177M	344.7M	-240M	-167.1M	390.6M	48.6M	-11.3M	12.6M	138.4M	370M
Free cash flow	115.6M	116.1M	181.4M	391.2M	148M	1.5B	3.3B	1.8B	1.5B	853.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	122.4M	31.5M	-47.4M	-3.9M
Depreciation & amortization	—	—	—	—	—	—	—	—	147.5M	151.3M	148.4M	150M
Stock-based compensation	—	—	—	—	—	—	—	—	16.4M	6.7M	13.6M	7.2M
Change in working capital	—	—	—	—	—	—	—	—	154.9M	34.3M	-42.3M	-50.9M
Operating cash flow	—	—	—	—	—	—	—	—	547.7M	194.8M	87.5M	68M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	-19.7M	-219.5M	-13.1M	-13.5M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	-1K	0	-300.1M	-3.5M
Financing cash flow	32M	0	-53.2M	-24.2M	-5.1M	-7.5M	-20.4M	-27.7M	-236.1M	-4M	-113M	-51.5M
Net change in cash	32M	0	-53.2M	-24.2M	-5.1M	-7.5M	-20.4M	-27.7M	292M	-28.7M	-38.6M	3.1M
Free cash flow	—	—	—	—	—	—	—	—	461.9M	106.7M	40.7M	30M

Builders FirstSource Inc Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement