The earnings call highlighted significant acquisition activity and solid sales growth, supported by strong free cash flow. However, challenges included volume declines, pricing pressures in the residential market, increased interest expenses, and a decrease in adjusted earnings per share. Despite these challenges, the company maintains a positive outlook on its diversified business model and market opportunities.

Company Guidance

During TopBuild's third-quarter 2025 earnings call, management provided updated guidance, reflecting recent acquisitions and market conditions. The company expects full-year sales to range between $5.35 billion and $5.45 billion, with the impact of mergers and acquisitions (M&A) contributing approximately $450 million to sales. Same-branch residential sales are anticipated to decline in the low double-digits due to ongoing weakness in both single-family and multi-family segments, while commercial and industrial sales are projected to remain flat. The full-year adjusted EBITDA guidance has been raised to between $1.01 billion and $1.06 billion, representing an adjusted EBITDA margin of 19.2% at the midpoint. Depreciation and amortization are expected to be between $166 million and $171 million, with interest expense and other costs ranging from $88 million to $91 million. The anticipated tax rate remains at approximately 26%. The company's strategic focus on M&A as a primary capital allocation priority is underscored by recent acquisitions, which are expected to enhance revenue streams and diversify growth opportunities.

Acquisition Activity

TopBuild acquired several companies, including Progressive Roofing, SPI, Insulation Fabrics, Diamond Door Products, and Performance Insulation Fabricators, adding over $50 million in annual revenue and expanding their market opportunities.

Sales Growth

Total sales grew 1.4% to $1.4 billion in the third quarter, driven by M&A contributions of 7.9% and pricing of 0.3%, despite a volume decline of 6.7%.

Strong Free Cash Flow

Free cash flow for the twelve months trailing as of Q3 2025 was $791.2 million, up 13.4% from last year.

Adjusted EBITDA Margin

Adjusted EBITDA margin for Installation Services improved by 20 basis points to 22.5% compared to the third quarter of last year.

TopBuild (BLD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BLD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 25, 2026	2025 (Q4)	4.59 / -	5.13	―	―	―
Nov 04, 2025	2025 (Q3)	5.28 / 5.36	5.68	-5.63% (-0.32)
Aug 05, 2025	2025 (Q2)	5.09 / 5.31	5.42	-2.03% (-0.11)
May 06, 2025	2025 (Q1)	4.42 / 4.63	4.81	-3.74% (-0.18)
Feb 25, 2025	2024 (Q4)	5.05 / 5.13	4.69	9.38% (+0.44)
Nov 05, 2024	2024 (Q3)	5.58 / 5.68	5.43	4.60% (+0.25)
Aug 06, 2024	2024 (Q2)	5.71 / 5.42	5.25	3.24% (+0.17)
May 07, 2024	2024 (Q1)	4.58 / 4.81	4.36	10.32% (+0.45)
Feb 28, 2024	2023 (Q4)	4.67 / 4.69	4.4	6.59% (+0.29)
Oct 31, 2023	2023 (Q3)	4.57 / 5.43	4.8	13.12% (+0.63)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BLD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 04, 2025	$422.50	$418.84	-0.87%
Aug 05, 2025	$387.19	$408.08	+5.40%
May 06, 2025	$292.00	$285.15	-2.35%
Feb 25, 2025	$302.04	$310.34	+2.75%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does TopBuild Corp (BLD) report earnings?

TopBuild Corp (BLD) is schdueled to report earning on Feb 25, 2026, Before Open (Confirmed).

What is TopBuild Corp (BLD) earnings time?

TopBuild Corp (BLD) earnings time is at Feb 25, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BLD EPS forecast?

BLD EPS forecast for the fiscal quarter 2025 (Q4) is 4.59.

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