bld stock guide
TopBuild (NYSE: BLD)
Lead summary
TopBuild Corp. is a U.S.-based installer and specialty distributor of building insulation and related products. The company operates two principal segments: an installation services business that provides insulation installation and related services, and a specialty distribution business that supplies insulation and other building products to contractors and builders. TopBuild’s common shares trade under the ticker bld stock (BLD) on the New York Stock Exchange. This guide is intended to help beginner and intermediate readers understand the company and the publicly traded security commonly referred to as bld stock.
Ticker and market identifiers
- Ticker: BLD (commonly referenced as bld stock)
- Exchange: New York Stock Exchange (NYSE)
- Security type: Common shares (single class)
- Typical U.S. trading hours: 9:30 a.m. to 4:00 p.m. Eastern Time; pre-market and after-hours trading available through broker platforms
- ISIN: Refer to the company’s SEC filings or market data providers for the exact ISIN code
- Market-cap and liquidity: Market capitalization and average daily trading volume for bld stock are reported on public market-data platforms and vary with market conditions. As of Jan 28, 2026, according to SEC filings and major financial data providers, up-to-date market-cap and volume metrics should be verified on real-time quote services or the company’s investor relations updates.
Investors and researchers typically monitor market cap, free float, average daily volume, and bid-ask spreads to assess liquidity for bld stock.
Company history
TopBuild traces its corporate roots to businesses operating in the building products and installation space that were part of a larger building-products conglomerate. The company became a standalone, publicly traded company following a corporate separation.
As of Jan 28, 2026, according to company filings and press releases, TopBuild has grown through a combination of organic expansion in installation services and targeted acquisitions in distribution to broaden geographic coverage and product range. For precise historical dates, readers should consult the company’s archived press releases and SEC filings (Form 10-K and Form 8-K) for documented milestones.
Key milestones and timeline
- Founding / origins: Business units that evolved into TopBuild were previously part of a larger building-products company and reorganized to form an independent enterprise.
- Spin-off / formation: The company completed a corporate separation and established itself as a public company (see the company’s SEC filings for exact dates and transaction details).
- IPO / listing: TopBuild listed on the NYSE following the corporate separation; the IPO date and listing documentation are available in the company’s initial public filings.
- Growth through acquisitions: Over multiple years, TopBuild expanded by acquiring regional installers and distribution businesses to scale both TruTeam and Service Partners.
- Operational milestones: Expansion of national installation capacity, development of centralized distribution hubs, and investments in training and safety programs.
- Recent developments: For the most recent corporate actions (acquisitions, capital allocation decisions, leadership changes), consult the company’s press releases and Form 8-K filings. As of Jan 28, 2026, the latest updates are summarized in the company’s investor relations materials.
(For legally binding dates and details, always refer to the primary SEC filings and official press releases.)
Business model and operations
TopBuild operates two complementary businesses that together serve new residential construction, remodels, commercial projects, and other building applications. The company’s consolidated revenue reflects a mix of installation services and specialty product distribution.
- How revenue is generated: Revenue is earned from contracted installation services (labor and related services) and from sale and distribution of insulation and ancillary building products. Installation contracts typically combine material and labor pricing; distribution sales can include product sales to contractors, builders, distributors, and retailers.
- Customer base: Customers include homebuilders, commercial contractors, renovation contractors, and, indirectly, homeowners. In many cases, the company serves national and regional builders that require consistent installation and distribution across multiple markets.
- Geographic footprint: TopBuild operates across multiple U.S. regions and may have presence in select international markets through distribution partners or acquisitions. The company’s filings list specific operating regions and facility locations.
Installation segment (TruTeam)
TruTeam is TopBuild’s installation services platform. Key points about the installation segment:
- Scope of services: Complete insulation installation for new residential construction, multifamily projects, commercial projects, and selective remodeling/retrofit projects. Services may include batt insulation installation, blown-in insulation, spray foam installations performed by trained crews, and ancillary services (air sealing, attic work).
- Typical projects: New single-family construction, production homebuilders’ projects, multifamily housing, and remodeling jobs where builders or homeowners engage professionals for insulation upgrades.
- Revenue drivers: Housing starts and building permits, builder market share, installation pricing and productivity, crew utilization, number of job sites, and service mix (e.g., higher-margin spray foam work vs. standard batt installations).
- Operational model: Centralized scheduling, trained crews, standardized installation protocols, and regional teams to support builder partners.
TruTeam’s margins are influenced by labor costs, productivity, project mix, and the ability to manage scheduling and logistics efficiently.
Specialty Distribution segment (Service Partners)
TopBuild’s distribution platform is often known in filings as Service Partners or a similarly designated distribution arm. Key features:
- Product categories: Insulation materials (fiberglass batts and rolls, blown-in fiberglass, cellulose, spray foam systems and components), gutters, roofing accessories, fireplace systems, closet shelving, mechanical insulation, HVAC accessories, and other specialty building products.
- Sales channels: Wholesale distribution to contractors and builders, direct sales to production homebuilders, and sales to regional installation businesses.
- Role in supply chain: The distribution business sources products from manufacturers, holds regional inventory, and supplies installers and contractors to ensure timely availability of materials. This reduces lead time and supports national builder programs.
- Revenue drivers: Construction activity, product mix (commodity insulation vs. higher-margin specialty items), pricing and procurement efficiency, and the scope of distribution footprints.
Distribution margins depend on procurement costs, inventory management, product mix, and scale efficiencies across regional distribution centers.
Products and services
TopBuild offers a range of insulation products and related building solutions. Common product categories listed in company materials include:
- Fiberglass batts and rolls (standard cavity insulation)
- Blown-in fiberglass and cellulose (attic and retrofit applications)
- Spray polyurethane foam systems (closed-cell and open-cell applications; typically higher margin and used for air-sealing and insulation where performance is critical)
- Mechanical insulation products for HVAC and commercial piping
- Ancillary building products: gutters, fireplace components, closet shelving, and installation accessories
Service offerings include professional installation, air-sealing services, attic encapsulation, and retrofit upgrades. The combination of product distribution and installation services allows TopBuild to serve both product-focused and service-focused demand.
Financial performance
Investors commonly monitor the following metrics to evaluate bld stock:
- Revenue (top line) and revenue growth rates
- Net income and net profit margin
- Adjusted EBITDA (commonly used for building-products companies to show operating performance before certain non-cash or one-time items)
- Earnings per share (EPS) — GAAP and adjusted (non-GAAP) measures
- Gross margin and operating margin trends
- Free cash flow and cash conversion from operating results
- Leverage ratios (total debt / adjusted EBITDA) and interest coverage
TopBuild reports financial results on a quarterly (Form 10-Q) and annual (Form 10-K) cadence, with supplemental investor presentations and earnings releases that provide segment breakdowns and management commentary. For historical trends and line-item detail, refer to the company’s 10-K and subsequent 10-Q filings.
Historical financial highlights
A concise summary of what to look for in historical financials:
- Multi-year revenue trend: Track how revenue has grown across both installation and distribution segments.
- Profit trends: Observe net income and adjusted EBITDA trajectories and any margin expansion or compression.
- Segment contribution: Compare revenue and margin contribution from TruTeam (installation) vs. Service Partners (distribution).
Source documents: Use TopBuild’s annual report (Form 10-K) and interim reports (Form 10-Q) for verified historical financial figures and footnotes. As of Jan 28, 2026, consult the company’s latest 10-K and most recent 10-Q for definitive figures.
Key valuation metrics
Common valuation metrics applied to bld stock include:
- Price-to-earnings (P/E) ratio: Market price divided by trailing twelve-month (TTM) earnings per share (EPS). Analysts may also present forward P/E using consensus forward EPS.
- Enterprise-value-to-EBITDA (EV/EBITDA): Useful for comparing companies with different capital structures.
- Price-to-sales (P/S) ratio: Market cap divided by revenue; used for growth comparisons.
- Price-to-book (P/B) ratio: Market price relative to reported book value per share.
When assessing bld stock, compare these ratios to peers and historical averages; check analysts’ consensus models for forward estimates. Always cross-check the data in the most recent financial filings and market-data platforms for accuracy.
Stock price history and market performance
BLD’s share price history reflects how the market prices expectations about housing demand, building activity, commodity and labor cost pressures, and company execution. Investors often track:
- Long-term performance: Year-over-year and multi-year returns compared with relevant indices (e.g., construction or industrial sector indices).
- Volatility: The security’s beta and observed intra-day and multi-day price swings. Stocks tied to housing and construction can show sensitivity to macroeconomic data (housing starts, building permits), interest rates, and earnings surprises.
- 52-week range: Many investors monitor the 52-week high and low as a quick gauge of recent volatility. For the latest 52-week high/low, consult real-time market quotes.
Recent price action and notable events
Significant price moves in bld stock are often tied to:
- Quarterly earnings releases and guidance updates
- Announcements of major acquisitions or divestitures
- Material changes in housing market indicators (housing starts, permits, builder sentiment)
- Broader market moves tied to macroeconomic releases, interest-rate expectations, or sector rotations
As of Jan 28, 2026, according to the company’s public disclosures and financial news summaries, recent price movements for bld stock have reflected the latest earnings reports and commentary on housing demand. For the exact dates and price changes tied to events, consult historic press releases and market data feeds.
Technicals and trading data
Traders often review technical indicators and trading statistics such as:
- Trading volume and average daily volume (to assess liquidity)
- Float and shares outstanding (to understand supply)
- Technical moving averages (e.g., 50-day and 200-day moving averages)
- Relative Strength Index (RSI) and MACD for momentum insights
These data points are available from market-data providers and brokerage platforms. For authoritative share counts and outstanding shares, consult the company’s filings and investor relations disclosures.
Analyst coverage and investor sentiment
bld stock typically receives coverage from sell-side analysts and independent research houses. Coverage themes often include:
- Expectations for U.S. housing starts and their impact on installation demand
- Mix-shift between standard insulation and higher-margin spray-foam services
- Margin trends influenced by labor cost and commodity prices
- Capital allocation, including share repurchases and acquisitions
Analyst reports and consensus models influence near-term investor sentiment and price targets. For the most recent consensus ratings, aggregated buy/hold/sell percentages, and median price targets, consult major equity research summaries and the company’s investor relations resources.
Ratings summary and price targets
When summarizing analyst coverage:
- Report the distribution of ratings (e.g., percentage of Buy / Hold / Sell) and the median price target or range, explicitly noting the date of the summary.
- As of Jan 28, 2026, consult major financial-data platforms and sell-side research summaries for the latest consolidated ratings and price targets on bld stock.
Remember: analyst opinions vary, and coverage may change with new company disclosures.
Mergers, acquisitions and strategic transactions
TopBuild’s growth strategy has included M&A to scale installation capacity and distribution reach. The company typically pursues:
- Add-on acquisitions of local and regional installation businesses to expand TruTeam’s geographic coverage and labor capacity
- Strategic distribution acquisitions to increase inventory depth and product offerings in the Service Partners segment
Notable transactions and their dates are reported in Form 8-K and press releases. For a complete transaction history with deal terms, consult the company’s investor relations materials and 10-K footnotes.
Corporate governance and leadership
TopBuild’s governance framework includes a board of directors and management team responsible for strategic direction and oversight. Key governance materials include proxy statements (DEF 14A), which disclose:
- Board composition and director biographies
- Executive officer biographies, compensation, and governance practices
- Committee structure (audit, compensation, nominating/governance)
For current information about the CEO, CFO, and board members, and any recent leadership changes, reference the company’s latest proxy statement and press releases. As of Jan 28, 2026, leadership details and governance disclosures are available in the most recent DEF 14A filing.
Ownership and major shareholders
Common patterns for ownership of bld stock include substantial institutional ownership from mutual funds, pension funds, and other investment managers. Insider ownership (executive officers and directors) can also be material. Typical sources for ownership data:
- Institutional holdings from quarterly 13F filings (filed by institutional investment managers)
- Insider transaction reports (Forms 3, 4, and 5) disclose purchases and sales by officers and directors
- Company proxy statements summarize beneficial ownership for directors and named executive officers
Investors should check the most recent filings and consolidated ownership tables on financial-data platforms for current ownership percentages.
Risks and regulatory issues
Key risk categories for bld stock include:
- Cyclicality of the housing market: Demand for installation services and building products is sensitive to housing starts, renovation activity, mortgage rates, and builder sentiment.
- Commodity and input cost pressure: Raw-material price swings for insulation components and transportation costs can affect margins.
- Labor and execution risk: Installation services depend on skilled crews; labor shortages, productivity issues, or safety incidents can affect project timelines and costs.
- Leverage and capital structure: Debt levels and interest expenses may constrain financial flexibility, especially in a down cycle.
- Competitive risk: Regional competitors, changes in distributor relationships, or new market entrants can pressure pricing and share.
- Regulatory and legal matters: Building codes, environmental regulations, and potential litigation related to installations or products are areas to monitor.
For documented legal or regulatory matters, consult the company’s periodic filings (10-K, 10-Q, and 8-K), which include a Risks section and disclose material legal proceedings.
ESG, sustainability and energy-efficiency positioning
Insulation is inherently linked to building energy efficiency, and TopBuild’s products and services contribute to reduced energy consumption in buildings. ESG and sustainability considerations include:
- Product impact: Proper insulation and air sealing improve building energy performance and lower lifetime energy consumption.
- Operational initiatives: Company-reported safety programs, workforce training, and waste-management practices are commonly disclosed in sustainability reports or investor presentations.
- Reporting: TopBuild’s periodic sustainability disclosures or CSR reports (if available) describe environmental and social initiatives, safety metrics, and governance policies.
As of Jan 28, 2026, refer to the company’s ESG or sustainability disclosures and annual reports for specific targets, metrics, and progress statements.
Competitors and market positioning
Peers and competitors in the installation and specialty distribution space include national and regional installers, specialty distributors, and manufacturers that offer integrated product-and-service solutions. Competitive positioning considerations for TopBuild include:
- Scale: National footprint and combined installation-distribution model can be an advantage for national builders seeking consistency.
- Service breadth: Ability to offer both basic and high-performance insulation solutions (including spray foam) and related ancillary products.
- Execution: On-time installation, crew training, and quality control are differentiators in contractor relationships.
Weaknesses may include exposure to cyclical housing markets and reliance on labor availability. For peer comparisons, use public filings and financial-data platforms to compare margins, revenue growth, and valuation multiples.
Investor relations and filings
Primary sources for authoritative information on bld stock include:
- SEC filings: Form 10-K (annual report), Form 10-Q (quarterly report), Form 8-K (current event filings), DEF 14A (proxy statements), and insider-trading Forms 3/4/5
- Company press releases and earnings presentations: Provide quarterly updates, guidance, and management commentary
- Investor relations site: The company’s IR page typically hosts financial reports, presentations, webcasts, and archived filings
As of Jan 28, 2026, the latest annual and quarterly reports, along with archived press releases, are the authoritative documents to confirm financials, corporate actions, and leadership changes.
See also
- Homebuilding sector overview and industry dynamics
- Building materials and distribution sector
- Construction supply chain and labor considerations
- Peer company profiles and sector ETFs (for comparative analysis)
References and external links
This article recommends consulting the following authoritative sources for verification and real-time data (search these sources by name; do not rely solely on secondary summaries):
- SEC EDGAR filings (Form 10-K, 10-Q, 8-K, DEF 14A)
- TopBuild press releases and investor relations materials
- Major financial-data providers and market quote services for up-to-date price, market-cap and volume figures
- Sell-side analyst reports and consensus estimates (date-stamped)
As of Jan 28, 2026, according to the company’s SEC filings and investor disclosures, the most recent audited financial statements and management discussion and analysis (MD&A) are found in the annual Form 10-K and subsequent Form 10-Q filings.
Notes on sources and scope
This article relies on guidance to consult primary documents: SEC filings, company press releases, and reputable market-data providers for price, analyst coverage, and historical performance. The content here is descriptive and factual. It does not offer investment advice or predictions. For investment decisions regarding bld stock, use primary filings and consult licensed financial professionals.
Next steps: To research bld stock further, review the company’s latest Form 10-K for historical financials, the most recent Form 10-Q for current quarter performance, and recent earnings call transcripts for management commentary. For trading or market research, consider using the Bitget platform to access market data and research tools.
