Builders FirstSource (BLDR)
Industrials · $6.6B market cap · SEC CIK 0001316835
fundamentals score out of 100
Next reports on Oct 28, 2026, with analysts expecting $1.09 in earnings per share.
The case for BLDR
- Free cash flow of 13.0% of its market value a year: a lot of cash for the price.
- Has compounded revenue at 12.2% a year over five years.
- Price/sales of 0.5× is lower than 100% of Industrials companies.
The case against
- Very expensive at 64.1× earnings. Years of growth are already in the price.
- Revenue fell 9.4% year over year.
- Earnings per share down 86.0%.
- Down 52.9% over the past year.
- Return on equity of only 2%.
- Stability is weak (27/100): beta 1.43, a 57% swing over the year.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Industrials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 61 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 29 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 19 |
| Momentumhow the price has behaved lately | 7 |
| Stabilityhow violently it moves, what it owes and what it pays you | 27 |
- Each factor except momentum is half fixed thresholds, half rank among the 79 Industrials companies.
Key numbers
| Price / earnings | 64.1× |
|---|---|
| Price / book | 2.40× |
| Price / sales | 0.5× |
| Revenue growth (YoY) | -9.4% |
| EPS growth (YoY) | -86.0% |
| Gross margin | 29% |
| Operating margin | 3% |
| Net margin | 1% |
| Return on equity | 2% |
| Debt / equity | 1.15× |
| Current ratio | 1.79 |
| Dividend yield | none |
| Beta | 1.43 |
| 52-week range | $56.56 – $131.50 |
| Position in that range | 6% of the way up |
| 3-month return | -27.4% |
| 1-year return | -52.9% |
Five years of financials, as filed
Pulled from Builders FirstSource's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $15.2B | $16.4B | $17.1B | $22.7B | $19.9B |
| Gross profit | $4.6B | $5.4B | $6.0B | $7.7B | $5.9B |
| Operating income | $786M | $1.6B | $2.2B | $3.8B | $2.4B |
| Net income | $435M | $1.1B | $1.5B | $2.7B | $1.7B |
| Operating cash flow | $1.2B | $1.9B | $2.3B | $3.6B | $1.7B |
| Capital expenditure | $363M | $381M | $476M | $340M | $228M |
| Total assets | $11.2B | $10.6B | $10.5B | $10.6B | $10.7B |
| Total liabilities | $6.9B | $6.3B | $5.8B | $5.6B | $5.9B |
| Shareholder equity | $4.4B | $4.3B | $4.7B | $5.0B | $4.8B |
| Cash | $182M | $154M | $66.2M | $80.4M | $42.6M |
| Free cash flow | $853M | $1.5B | $1.8B | $3.3B | $1.5B |
| Gross margin | 30.4% | 32.8% | 35.2% | 34.1% | 29.4% |
| Operating margin | 5.2% | 9.7% | 12.7% | 16.6% | 12.0% |
| Net margin | 2.9% | 6.6% | 9.0% | 12.1% | 8.7% |
| Diluted shares | 112M | 119M | 129M | 163M | 203M |
Share count is down 45.0% over 4 years. Buybacks have been shrinking the pie.
What Builders FirstSource says it does
of this annual report on Form 10-K for a discussion of the uncertainties, risks and assumptions associated with these statements. OVERVIEW We are a leading provider of building materials for professional builders in new residential construction and repair and remodeling. We deliver integrated homebuilding solutions by manufacturing, supplying, and installing a full range of structural and related building products. The Company operates approximately 585 locations in 43 states across the U.S. Given the span and depth of our geographical reach, our locations are organized into three geographical divisions (East, Central, and West), which are also our operating segments. All of our segments have similar customers, products and services, and distribution methods. Due to the similar economic characteristics, categories of products, distribution methods and customers, our operating segments are aggregated into one reportable segment. Our…
Risk factors BLDR lists in its 10-K
- Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
- The stock price performance included in this graph is not necessarily indicative of future stock price performance
- Average Price Paid per Share (including fees and taxes)
- Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
- Approximate Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs
- Management’s Discussion and Analysis of
- Financial Condition and Results of Operations
- Specialty Building Products and Services
- Homebuilding Industry and Market Competition
- Targeting Large Production Homebuilders
- Multi-family and Light Commercial Business
- Cost and/or Availability of Materials
- Selling, General and Administrative Expenses
- Quantitative and Qualitative Disclosures about Market Risk