Topbuild Corp (BLD) - Net Assets
Based on the latest financial reports, Topbuild Corp (BLD) has net assets worth $2.40 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.71 Billion) and total liabilities ($4.31 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check BLD goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.40 Billion |
| % of Total Assets | 35.83% |
| Annual Growth Rate | 7.23% |
| 5-Year Change | 41.54% |
| 10-Year Change | 138.15% |
| Growth Volatility | 12.26 |
Topbuild Corp - Net Assets Trend (2013–2025)
This chart illustrates how Topbuild Corp's net assets have evolved over time, based on quarterly financial data. See Topbuild Corp defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Topbuild Corp (2013–2025)
The table below shows the annual net assets of Topbuild Corp from 2013 to 2025. For live valuation and market cap data, see Topbuild Corp market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.32 Billion | +4.82% |
| 2024-12-31 | $2.21 Billion | -13.81% |
| 2023-12-31 | $2.56 Billion | +32.85% |
| 2022-12-31 | $1.93 Billion | +17.92% |
| 2021-12-31 | $1.64 Billion | +21.33% |
| 2020-12-31 | $1.35 Billion | +16.99% |
| 2019-12-31 | $1.15 Billion | +7.54% |
| 2018-12-31 | $1.07 Billion | +7.58% |
| 2017-12-31 | $996.52 Million | +2.46% |
| 2016-12-31 | $972.55 Million | +6.20% |
| 2015-12-31 | $915.73 Million | -3.84% |
| 2014-12-31 | $952.29 Million | -5.03% |
| 2013-12-31 | $1.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Topbuild Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 351524800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.52 Billion | 151.77% |
| Common Stock | $396.00K | 0.02% |
| Other Comprehensive Income | $-19.82 Million | -0.86% |
| Total Equity | $2.32 Billion | 100.00% |
Topbuild Corp Competitors by Market Cap
The table below lists competitors of Topbuild Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Li Auto Inc
NASDAQ:LI
|
$11.34 Billion |
|
On Holding Ltd
NYSE:ONON
|
$11.35 Billion |
|
Comerica Incorporated
NYSE:CMA
|
$11.35 Billion |
|
ACCOR SP.ADR NEW 1/5/O.N
F:ACR1
|
$11.36 Billion |
|
JSW Energy Limited
NSE:JSWENERGY
|
$11.34 Billion |
|
Aier Eye Hospital Group
SHE:300015
|
$11.33 Billion |
|
The Phoenix Holdings Ltd.
TA:PHOE
|
$11.33 Billion |
|
Hong Leong Bank Bhd
KLSE:5819
|
$11.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Topbuild Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,209,618,000 to 2,316,160,000, a change of 106,542,000 (4.8%).
- Net income of 521,727,000 contributed positively to equity growth.
- Share repurchases of 434,151,000 reduced equity.
- Other comprehensive income increased equity by 9,383,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $521.73 Million | +22.53% |
| Share Repurchases | $434.15 Million | -18.74% |
| Other Comprehensive Income | $9.38 Million | +0.41% |
| Other Changes | $9.58 Million | +0.41% |
| Total Change | $- | 4.82% |
Book Value vs Market Value Analysis
This analysis compares Topbuild Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.99x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 15.61x to 4.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $26.32 | $410.89 | x |
| 2014-12-31 | $24.99 | $410.89 | x |
| 2015-12-31 | $24.24 | $410.89 | x |
| 2016-12-31 | $25.68 | $410.89 | x |
| 2017-12-31 | $27.25 | $410.89 | x |
| 2018-12-31 | $30.10 | $410.89 | x |
| 2019-12-31 | $33.54 | $410.89 | x |
| 2020-12-31 | $40.50 | $410.89 | x |
| 2021-12-31 | $49.37 | $410.89 | x |
| 2022-12-31 | $59.48 | $410.89 | x |
| 2023-12-31 | $81.19 | $410.89 | x |
| 2024-12-31 | $72.02 | $410.89 | x |
| 2025-12-31 | $82.32 | $410.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Topbuild Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.65%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 2.91x
- Recent ROE (22.53%) is above the historical average (15.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -1.27% | -0.90% | 0.96x | 1.46x | $-113.01 Million |
| 2014 | 0.99% | 0.62% | 1.02x | 1.55x | $-85.83 Million |
| 2015 | 8.62% | 4.89% | 0.98x | 1.79x | $-12.60 Million |
| 2016 | 7.47% | 4.17% | 1.03x | 1.74x | $-24.65 Million |
| 2017 | 15.87% | 8.30% | 1.09x | 1.76x | $58.48 Million |
| 2018 | 12.57% | 5.65% | 0.97x | 2.29x | $27.54 Million |
| 2019 | 16.57% | 7.28% | 1.01x | 2.26x | $75.71 Million |
| 2020 | 18.31% | 9.09% | 0.97x | 2.09x | $112.14 Million |
| 2021 | 19.80% | 9.29% | 0.82x | 2.60x | $160.37 Million |
| 2022 | 28.81% | 11.10% | 1.09x | 2.39x | $363.02 Million |
| 2023 | 23.96% | 11.82% | 1.01x | 2.01x | $357.89 Million |
| 2024 | 28.18% | 11.68% | 1.13x | 2.14x | $401.64 Million |
| 2025 | 22.53% | 9.65% | 0.80x | 2.91x | $290.11 Million |
Industry Comparison
This section compares Topbuild Corp's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $798,982,189
- Average return on equity (ROE) among peers: -25.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Topbuild Corp (BLD) | $2.40 Billion | -1.27% | 1.79x | $11.34 Billion |
| Arcosa Inc (ACA) | $1.41 Billion | 6.37% | 0.14x | $6.03 Billion |
| Aecom Technology Corporation (ACM) | $2.27 Billion | 10.11% | 1.69x | $8.98 Billion |
| Argan Inc (AGX) | $100.96 Million | 9.18% | 1.03x | $8.69 Billion |
| Ameresco Inc (AMRC) | $750.45 Million | 9.39% | 1.96x | $949.62 Million |
| Api Group Corp (APG) | $2.32 Billion | 2.02% | 1.22x | $18.11 Billion |
| Concrete Pumping Holdings Class A (BBCP) | $308.24 Million | 10.31% | 1.93x | $401.56 Million |
| Blink Charging Co (BLNK) | $10.70K | -286.85% | 1.13x | $93.98 Million |
| Bowman Consulting Group Ltd (BWMN) | $17.14 Million | 5.78% | 2.71x | $483.57 Million |
| Cadeler A/S (CDLR) | $10.66 Million | 8.62% | 11.65x | $2.13 Billion |
About Topbuild Corp
TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, an… Read more