Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of TopBuild.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.33B | $5.19B | $5.01B | $3.49B | $2.72B | $2.62B | $2.38B | $1.91B | $1.74B | $1.62B |
| Cost of Revenue | $3.70B | $3.59B | $3.52B | $2.51B | $1.97B | $1.94B | $1.81B | $1.45B | $1.34B | $1.26B |
| Gross Profit | $1.62B | $1.60B | $1.49B | $974.39M | $746.36M | $681.27M | $576.15M | $461.11M | $400.34M | $358.03M |
| Gross Profit Ratio | 30.49% | 30.87% | 29.68% | 27.95% | 27.46% | 25.96% | 24.16% | 24.19% | 22.97% | 22.15% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $367.20M | $294.25M | $278.74M | $274.50M |
| Selling and Marketing Expenses | $- | $3.00M | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $738.58M | $708.79M | $689.55M | $497.97M | $391.31M | $391.74M | $367.20M | $294.25M | $278.74M | $274.50M |
| Other Expenses | $- | $- | $1.69M | $4.00K | $733.00K | $2.08M | $558.00K | $281.00K | $277.00K | $49.00K |
| Operating Expenses | $738.58M | $703.72M | $689.55M | $497.97M | $391.31M | $391.74M | $367.20M | $294.25M | $278.74M | $274.50M |
| Cost and Expenses | $4.44B | $4.29B | $4.21B | $3.01B | $2.36B | $2.33B | $2.18B | $1.74B | $1.62B | $1.53B |
| Interest Income | $- | $74.61M | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $73.09M | $- | $56.72M | $29.14M | $32.46M | $37.82M | $28.69M | $8.02M | $5.61M | $9.46M |
| Depreciation and Amortization | $140.49M | $132.88M | $125.02M | $79.39M | $63.14M | $54.78M | $39.42M | $16.45M | $12.01M | $12.11M |
| EBITDA | $1.05B | $1.03B | $922.19M | $555.81M | $418.19M | $344.30M | $248.93M | $183.60M | $133.89M | $95.69M |
| EBITDA Ratio | 19.78% | 19.79% | 18.41% | 15.94% | 15.39% | 13.12% | 10.44% | 9.63% | 7.68% | 5.92% |
| Operating Income | $886.34M | $895.02M | $797.16M | $476.42M | $355.05M | $289.52M | $208.95M | $136.86M | $121.60M | $83.53M |
| Operating Income Ratio | 16.63% | 17.23% | 15.92% | 13.67% | 13.06% | 11.03% | 8.76% | 7.18% | 6.98% | 5.17% |
| Total Other Income Expenses Net | $-45.55M | $-69.54M | $-55.03M | $-42.98M | $-31.96M | $-35.74M | $558.00K | $-30.80M | $277.00K | $49.00K |
| Income Before Tax | $840.79M | $825.48M | $742.13M | $433.44M | $323.09M | $253.78M | $180.82M | $128.04M | $116.27M | $74.11M |
| Income Before Tax Ratio | 15.78% | 15.89% | 14.82% | 12.43% | 11.89% | 9.67% | 7.58% | 6.72% | 6.67% | 4.58% |
| Income Tax Expense | $218.19M | $211.23M | $186.15M | $109.43M | $76.07M | $62.78M | $46.07M | $-30.09M | $43.67M | $-5.01M |
| Net Income | $622.60M | $614.25M | $555.99M | $324.02M | $247.02M | $191.00M | $134.75M | $158.13M | $72.61M | $78.97M |
| Net Income Ratio | 11.68% | 11.82% | 11.10% | 9.29% | 9.09% | 7.28% | 5.65% | 8.30% | 4.17% | 4.89% |
| EPS | $20.41 | $19.44 | $17.26 | $9.88 | $7.50 | $5.65 | $3.86 | $4.41 | $1.93 | $2.10 |
| EPS Diluted | $20.29 | $19.33 | $17.14 | $9.78 | $7.42 | $5.56 | $3.78 | $4.32 | $1.92 | $2.09 |
| Weighted Average Shares Outstanding | 30.50M | 31.58M | 32.21M | 32.80M | 32.92M | 33.81M | 34.92M | 35.86M | 37.62M | 37.67M |
| Weighted Average Shares Outstanding Diluted | 30.68M | 31.58M | 32.44M | 33.15M | 33.30M | 34.38M | 35.61M | 36.57M | 37.87M | 37.78M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $400.32M | $848.57M | $240.07M | $139.78M | $330.01M | $184.81M | $100.93M | $56.52M | $134.38M | $112.85M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $400.32M | $848.57M | $240.07M | $139.78M | $330.01M | $184.81M | $100.93M | $56.52M | $134.38M | $112.85M |
| Net Receivables | $751.61M | $799.01M | $836.07M | $668.42M | $427.34M | $428.84M | $407.11M | $308.51M | $252.62M | $235.55M |
| Inventory | $406.66M | $364.73M | $438.64M | $352.80M | $161.37M | $149.08M | $168.98M | $131.34M | $116.19M | $118.70M |
| Other Current Assets | $40.38M | $36.94M | $34.26M | $26.69M | $17.69M | $17.10M | $27.68M | $15.22M | $23.36M | $13.26M |
| Total Current Assets | $1.60B | $2.05B | $1.55B | $1.19B | $936.40M | $779.83M | $704.70M | $511.59M | $526.55M | $480.36M |
| Property Plant Equipment Net | $456.14M | $469.12M | $459.38M | $421.75M | $263.54M | $265.21M | $167.96M | $107.12M | $92.76M | $93.07M |
| Goodwill | $2.11B | $2.04B | $1.97B | $1.95B | $1.41B | $1.37B | $1.36B | $1.08B | $1.05B | $1.04B |
| Intangible Assets | $557.69M | $591.06M | $614.97M | $684.21M | $190.60M | $181.12M | $199.39M | $33.24M | $2.66M | $1.99M |
| Goodwill and Intangible Assets | $2.67B | $2.63B | $2.58B | $2.63B | $1.60B | $1.55B | $1.56B | $1.11B | $1.05B | $1.05B |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $1.91M | $2.73M | $4.26M | $13.18M | $18.13M | $19.47M | $20.55M |
| Other Non-Current Assets | $10.37M | $10.87M | $16.45M | $13.21M | $11.32M | $5.62M | $5.29M | $2.28M | $3.62M | $2.25M |
| Total Non-Current Assets | $3.14B | $3.11B | $3.06B | $3.07B | $1.88B | $1.82B | $1.75B | $1.24B | $1.16B | $1.16B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $4.74B | $5.16B | $4.61B | $4.26B | $2.82B | $2.60B | $2.45B | $1.75B | $1.69B | $1.64B |
| Account Payables | $456.45M | $469.58M | $487.11M | $461.92M | $331.71M | $307.97M | $313.17M | $263.81M | $241.53M | $253.31M |
| Short Term Debt | $118.95M | $114.74M | $103.16M | $95.62M | $56.82M | $70.37M | $26.85M | $12.50M | $20.00M | $15.00M |
| Tax Payables | $23.33M | $17.00M | $16.42M | $21.91M | $19.54M | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $21.94M | $14.31M | $6.54M | $16.14M | $19.96M | $- | $- | $- |
| Other Current Liabilities | $168.46M | $-231.67M | $-326.11M | $-322.25M | $-249.84M | $-225.69M | $-228.90M | $-188.73M | $-177.13M | $-194.94M |
| Total Current Liabilities | $767.18M | $771.54M | $789.64M | $733.43M | $496.48M | $476.75M | $444.26M | $351.40M | $325.93M | $326.68M |
| Long Term Debt | $1.46B | $1.52B | $1.57B | $1.59B | $737.14M | $751.97M | $716.62M | $229.39M | $158.80M | $178.46M |
| Deferred Revenue Non-Current | $- | $- | $- | $51.88M | $50.66M | $45.60M | $43.43M | $36.16M | $38.69M | $39.66M |
| Deferred Tax Liabilities Non-Current | $240.34M | $- | $251.48M | $248.24M | $168.57M | $175.26M | $176.21M | $132.84M | $193.72M | $181.25M |
| Other Non-Current Liabilities | $59.15M | $304.27M | $62.13M | $960.00K | $13.64M | $1.49M | $1.91M | $3.24M | $433.00K | $474.00K |
| Total Non-Current Liabilities | $1.76B | $1.83B | $1.89B | $1.89B | $970.01M | $974.32M | $938.17M | $401.63M | $391.64M | $399.84M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $2.53B | $2.60B | $2.68B | $2.62B | $1.47B | $1.45B | $1.38B | $753.03M | $717.57M | $726.52M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $396.00K | $394.00K | $393.00K | $391.00K | $389.00K | $388.00K | $387.00K | $386.00K | $385.00K | $377.00K |
| Retained Earnings | $2.99B | $2.37B | $1.76B | $1.20B | $876.66M | $632.86M | $441.87M | $307.12M | $148.98M | $76.38M |
| Accumulated Other Comprehensive Income Loss | $-29.21M | $-14.66M | $-21.92M | $-6.63M | $- | $- | $-221.50M | $-205.10M | $-200.88M | $-200.06M |
| Other Total Stockholders Equity | $-755.09M | $207.01M | $194.57M | $442.00M | $471.75M | $519.64M | $851.34M | $894.12M | $1.02B | $1.04B |
| Total Stockholders Equity | $2.21B | $2.56B | $1.93B | $1.64B | $1.35B | $1.15B | $1.07B | $996.52M | $972.55M | $915.73M |
| Total Equity | $2.21B | $2.56B | $1.93B | $1.64B | $1.35B | $1.15B | $1.07B | $996.52M | $972.55M | $915.73M |
| Total Liabilities and Stockholders Equity | $4.74B | $5.16B | $4.61B | $4.26B | $2.82B | $2.60B | $2.45B | $1.75B | $1.69B | $1.64B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $4.74B | $5.16B | $4.61B | $4.26B | $2.82B | $2.60B | $2.45B | $1.75B | $1.69B | $1.64B |
| Total Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $1.58B | $1.57B | $1.68B | $1.68B | $793.96M | $822.33M | $743.47M | $241.89M | $178.80M | $193.46M |
| Net Debt | $1.18B | $721.87M | $1.44B | $1.54B | $463.96M | $637.52M | $642.54M | $185.37M | $44.42M | $80.61M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $622.60M | $614.25M | $555.99M | $324.02M | $247.02M | $191.00M | $134.75M | $158.13M | $72.61M | $78.97M |
| Depreciation and Amortization | $140.49M | $132.88M | $123.33M | $79.39M | $62.41M | $52.70M | $39.42M | $16.45M | $12.01M | $12.11M |
| Deferred Income Tax | $-3.46M | $- | $6.04M | $-2.82M | $-4.07M | $8.89M | $12.94M | $-59.53M | $13.54M | $-16.56M |
| Stock Based Compensation | $16.58M | $15.84M | $12.31M | $11.32M | $14.75M | $13.66M | $11.32M | $9.89M | $7.67M | $4.65M |
| Change in Working Capital | $- | $88.30M | $-225.14M | $-35.23M | $27.70M | $-8.17M | $-38.15M | $-19.56M | $-36.75M | $-21.99M |
| Accounts Receivables | $- | $20.81M | $- | $- | $- | $- | $-304.98M | $-182.79M | $-227.04M | $-186.07M |
| Inventory | $-41.72M | $74.53M | $-93.87M | $-46.52M | $-11.84M | $17.43M | $-23.30M | $-14.90M | $1.37M | $-13.61M |
| Accounts Payables | $-30.42M | $- | $26.58M | $54.96M | $16.84M | $-5.12M | $29.69M | $17.94M | $-11.70M | $24.01M |
| Other Working Capital | $- | $-7.04M | $-157.85M | $-43.67M | $22.70M | $-20.48M | $260.44M | $160.19M | $200.62M | $153.68M |
| Other Non Cash Items | $-184.00K | $-1.86M | $23.27M | $26.35M | $10.07M | $13.70M | $6.90M | $7.82M | $7.71M | $-1.17M |
| Net Cash Provided by Operating Activities | $776.03M | $849.41M | $495.80M | $403.02M | $357.88M | $271.78M | $167.17M | $113.19M | $76.78M | $56.01M |
| Investments in Property Plant and Equipment | $-69.35M | $-64.00M | $-76.38M | $-55.55M | $-40.94M | $-45.54M | $-52.50M | $-25.31M | $-14.16M | $-13.64M |
| Acquisitions Net | $-136.77M | $-149.15M | $-20.50M | $-1.27B | $-83.41M | $-6.95M | $-500.20M | $-84.09M | $-3.48M | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $2.59M | $14.98M | $2.98M | $415.00K | $2.46M | $2.35M | $887.00K | $802.00K | $831.00K | $1.44M |
| Net Cash Used for Investing Activities | $-203.52M | $-198.17M | $-93.91M | $-1.32B | $-121.88M | $-50.14M | $-551.82M | $-108.60M | $-16.80M | $-12.21M |
| Debt Repayment | $-47.04M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $3.30M | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-966.35M | $-6.53M | $-250.05M | $-35.56M | $-49.15M | $-110.91M | $-65.03M | $-139.29M | $-22.30M | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-200.00M |
| Other Financing Activities | $-2.88M | $2.83M | $58.63M | $-9.46M | $283.30M | $947.00K | $602.48M | $468.09M | $-1.16M | $271.08M |
| Net Cash Used Provided by Financing Activities | $-1.02B | $-43.84M | $-300.07M | $729.01M | $-90.80M | $-137.76M | $429.06M | $-82.45M | $-38.46M | $66.08M |
| Effect of Forex Changes on Cash | $-4.48M | $1.09M | $-1.53M | $-15.00K | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-448.25M | $608.50M | $100.29M | $-190.23M | $145.20M | $83.88M | $44.41M | $-77.85M | $21.53M | $109.88M |
| Cash at End of Period | $400.32M | $848.57M | $240.07M | $139.78M | $330.01M | $184.81M | $100.93M | $56.52M | $134.38M | $112.85M |
| Cash at Beginning of Period | $848.57M | $240.07M | $139.78M | $330.01M | $184.81M | $100.93M | $56.52M | $134.38M | $112.85M | $2.96M |
| Operating Cash Flow | $776.03M | $849.41M | $495.80M | $403.02M | $357.88M | $271.78M | $167.17M | $113.19M | $76.78M | $56.01M |
| Capital Expenditure | $-69.35M | $-64.00M | $-76.38M | $-55.55M | $-40.94M | $-45.54M | $-52.50M | $-25.31M | $-14.16M | $-13.64M |
| Free Cash Flow | $706.68M | $785.41M | $419.42M | $347.48M | $316.95M | $226.24M | $114.67M | $87.88M | $62.63M | $42.37M |