TopBuild Corp.

BLD

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

5,330

Cost of Revenue

3,705

Gross Profit

1,625

Gross Margin

30.5%

Operating Income

886

Operating Margin

16.6%

Net Income

623

Net Margin

11.7%

EPS (Basic)

$20.41

EPS (Diluted)

$20.29

EBITDA

1,054

EBITDA Margin

19.8%

2023

12/31/2023

Revenue

5,195

Cost of Revenue

3,591

Gross Profit

1,604

Gross Margin

30.9%

Operating Income

879

Operating Margin

16.9%

Net Income

614

Net Margin

11.8%

EPS (Basic)

$19.44

EPS (Diluted)

$19.33

EBITDA

1,033

EBITDA Margin

19.9%

2022

12/31/2022

Revenue

5,009

Cost of Revenue

3,522

Gross Profit

1,487

Gross Margin

29.7%

Operating Income

797

Operating Margin

15.9%

Net Income

556

Net Margin

11.1%

EPS (Basic)

$17.26

EPS (Diluted)

$17.14

EBITDA

922

EBITDA Margin

18.4%

2021

12/31/2021

Revenue

3,486

Cost of Revenue

2,512

Gross Profit

974

Gross Margin

27.9%

Operating Income

476

Operating Margin

13.7%

Net Income

324

Net Margin

9.3%

EPS (Basic)

$9.88

EPS (Diluted)

$9.78

EBITDA

542

EBITDA Margin

15.5%

2020

12/31/2020

Revenue

2,718

Cost of Revenue

1,972

Gross Profit

746

Gross Margin

27.5%

Operating Income

355

Operating Margin

13.1%

Net Income

247

Net Margin

9.1%

EPS (Basic)

$7.50

EPS (Diluted)

$7.42

EBITDA

418

EBITDA Margin

15.4%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	5,330	5,195	5,009	3,486	2,718
Cost of Revenue	3,705	3,591	3,522	2,512	1,972
Gross Profit	1,625	1,604	1,487	974	746
Gross Margin	30.5%	30.9%	29.7%	27.9%	27.5%
Operating Income	886	879	797	476	355
Operating Margin	16.6%	16.9%	15.9%	13.7%	13.1%
Net Income	623	614	556	324	247
Net Margin	11.7%	11.8%	11.1%	9.3%	9.1%
EPS (Basic)	$20.41	$19.44	$17.26	$9.88	$7.50
EPS (Diluted)	$20.29	$19.33	$17.14	$9.78	$7.42
EBITDA	1,054	1,033	922	542	418
EBITDA Margin	19.8%	19.9%	18.4%	15.5%	15.4%