TopBuild Corp.

BLDNYSEIndustrials● Active

$400.54

$-1.28(-0.32%)

Market Cap$11.3B

P/E Ratio—

52W High$559.468

52W Low$287.5

Avg Volume695K

Open$401.92

Beta1.81

Free Cash Flow Financials Revenue

TopBuild Corp. (BLD) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BLD · free cash flow · updated Jun 8, 2026

Core FCF metrics

BLD · FCF · TTM · margin & CAGR

Free cash flow was $696.9M for FY2025 (fiscal year ending 2025-12-31), down 1.4% year-over-year The FCF margin was 12.9%. Five-year CAGR stands at +17.1%.

FY2025 Free Cash Flow$696.9M▼ -1.4% YoY

Trailing 12M (TTM)$704.4Mtrailing 4 quarters sum

FCF Margin12.9%$696.9M ÷ revenue

3-Year CAGR+18.4%FY2022 → FY2025

5-Year CAGR+17.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BLD · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$756.3M(59M)$696.9M▼ 1.4%12.9%

FY2024$776.0M(69M)$706.7M▼ 10.0%13.3%

FY2023$849.4M(64M)$785.4M▲ +87.3%15.1%

FY2022$495.8M(76M)$419.4M▲ +20.7%8.4%

FY2021$403.0M(56M)$347.5M▲ +9.6%10.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BLD · P/FCF · FCF yield · FCF per share

TopBuild Corp. (BLD) trades at a FCF yield of 6.29% and a price-to-free-cash-flow ratio of 15.9x. FCF per share stands at $25.22, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.29%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$25.22

TTM FCF ÷ Shares Outstanding

Price / FCF

x15.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x20.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BLD · cash flow statement · operating / investing / financing

For FY2025, TopBuild Corp. generated $756.3M in operating cash flow and spent 59M in capital expenditures, yielding $696.9M in free cash flow.

Operating Activities

+$756.3M

Cash from core business operations

2025-12-31

Investing Activities

−$1.99B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$1.02B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($756.3M) − |CapEx| (59M) = FCF ($696.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

BLD vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

TopBuild Corp.YOU

BLD

$696.9M-1.4%12.9%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

TopBuild Corp. (BLD) reported free cash flow of $696.9M for FY2025 (fiscal year ending 2025-12-31), down 1.4% year-over-year. The FCF margin was 12.9%.

Based on available data, TopBuild Corp. has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $785.4M in FY2023. The 5-year CAGR stands at +17.1%.

TopBuild Corp.'s FCF yield is 6.29% and price-to-FCF ratio is 15.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BLD free cash flow · 8 questions

TopBuild Corp. free cash flow was $696.9M for FY2025, down 1.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $704.4M.

BLD free cash flowBLD FCFBLD FCF 2025BLD free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · TopBuild Corp. · TopBuild Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026