Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.74B | $1.91B | $2.38B | $2.62B | $2.72B | $3.49B | $5.01B | $5.19B | $5.33B | $5.41B |
| Revenue growth | — | 9.4% | 25.1% | 10.1% | 3.6% | 28.3% | 43.7% | 3.7% | 2.6% | 1.5% |
| Gross profit | $400M | $461M | $576M | $681M | $746M | $974M | $1.49B | $1.60B | $1.62B | $1.57B |
| Gross margin | 23.0% | 24.2% | 24.2% | 26.0% | 27.5% | 27.9% | 29.7% | 30.9% | 30.5% | 29.0% |
| Operating income | $122M | $137M | $209M | $290M | $355M | $476M | $797M | $879M | $886M | $792M |
| Operating margin | 7.0% | 7.2% | 8.8% | 11.0% | 13.1% | 13.7% | 15.9% | 16.9% | 16.6% | 14.6% |
| Net income | $72.6M | $158M | $135M | $191M | $247M | $324M | $556M | $614M | $623M | $522M |
| Net margin | 4.2% | 8.3% | 5.7% | 7.3% | 9.1% | 9.3% | 11.1% | 11.8% | 11.7% | 9.6% |
| EPS (diluted) | $1.92 | $4.32 | $3.78 | $5.56 | $7.42 | $9.78 | $17.14 | $19.33 | $20.29 | $18.28 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $76.8M | $113M | $167M | $272M | $358M | $403M | $496M | $849M | $776M | $756M |
| Capital expenditures | $14.2M | $25.3M | $52.5M | $45.5M | $40.9M | $55.5M | $76.4M | $64.0M | $69.3M | $59.4M |
| Free cash flow | $62.6M | $87.9M | $115M | $226M | $317M | $347M | $419M | $785M | $707M | $697M |
| Share buybacks | $22.3M | $139M | $65.0M | $111M | $49.2M | $35.6M | $250M | — | $966M | $434M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $134M | $56.5M | $101M | $185M | $330M | $140M | $240M | $849M | $400M | $185M |
| Total assets | $1.69B | $1.75B | $2.45B | $2.60B | $2.82B | $4.26B | $4.61B | $5.16B | $4.74B | $6.61B |
| Total liabilities | $718M | $753M | $1.38B | $1.45B | $1.47B | $2.62B | $2.68B | $2.60B | $2.53B | $4.29B |
| Long-term debt | $159M | $229M | $717M | $698M | $683M | $1.45B | $1.42B | $1.37B | $1.33B | $2.78B |
| Shareholders' equity | $973M | $997M | $1.07B | $1.15B | $1.35B | $1.64B | $1.93B | $2.56B | $2.21B | $2.32B |
| Retained earnings | $149M | $307M | $442M | $633M | $877M | $1.20B | $1.76B | $2.37B | $2.99B | $3.52B |
| Shares (wtd avg diluted) | 37.9M | 36.6M | 35.6M | 34.4M | 33.3M | 33.1M | 32.4M | 31.8M | 30.7M | 28.5M |
Every figure is extracted from TopBuild Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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