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TopBuild Corp.

Q1 FY26Household Durables

TopBuild Corp. Q1 FY26 Results — Earnings Call Analysis

Q1 FY26 earnings call: what management said on revenue, margins and capex.

Price₹421
Market cap₹11.8K Cr
P/E23.3
Updated30 May 2026
Read4 min read

What the Q1 FY26 call signalled

2 of 4 strong

RevenueSlow growth
MarginMargins slightly down
CapexCapex planned
Order bookOrder book rising

The short version

- 2026 guidance projects sales of $5.925B to $6.225B, midpoint $6.075B. - TopBuild expects sales in 2026 between $5.925 billion and $6.225 billion, with adjusted EBITDA ranging from $1.005 billion to $1.155 billion.

From TopBuild Corp.'s Q1 FY26 earnings-call transcript · updated 30 May 2026.

Revenue & Sales Performance

Slow growth
  • 2026 guidance projects sales of $5.925B to $6.225B, midpoint $6.075B.
  • Volume and price expected to be down low-single digits overall in 2026.
  • Residential sales (~52% of total) expected down mid-single digits in volume and price.
  • Commercial and industrial sales (~48% of total) expected to grow low single digits in volume and price.
  • M&A activities expected to contribute $800M-$850M revenue in 2026.
  • Commercial and industrial segment shows solid bidding and backlog, poised for growth especially in verticals like education, healthcare, manufacturing, food and beverage, data centers, and commercial roofing.
  • Growth in commercial roofing anticipated, supported by acquisitions (e.g., Johnson Roofing) and expanding backlog.

2 more points from TopBuild Corp.'s call on revenue

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Profitability & Margins

See what TopBuild Corp. said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • 2026 CapEx Guidance: Expected to be between 1% and 2% of sales.
  • M&A Activity:
  • Active and robust M&A pipeline; closed acquisitions recently including Applied Coatings, Upstate Spray Foam, and Johnson Roofing.
  • $1.9 billion deployed for acquisitions in 2025, adding about $1.2 billion in annual revenue.
  • Strategic Investments:
  • Investing in digital resources to enhance cross-selling and streamline internal processes post-SPI acquisition.
  • Focus on technology platform integration, with SPI IT integration expected by end of Q2 2026.

2 more points from TopBuild Corp.'s call on capex

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Fundraising & Capital Structure

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Order Book & Pipeline

Order book rising
  • Commercial roofing backlog is growing at a steeper clip, indicating a strong order pipeline for 2026.
  • Progressive's commercial roofing business had a great 2025 with strong execution and organic growth, contributing to the growing backlog.
  • The footprint for commercial roofing is strong in the Southwest (Arizona, Texas) with expansion plans including travel to projects in Idaho and Utah.
  • The company anticipates a great 2026 on the commercial roofing side based on the increasing backlogs and work secured.

2 more points from TopBuild Corp.'s call on order book

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Continue your research

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Frequently Asked Questions

What were TopBuild Corp. Q1 FY26 results?

- 2026 guidance projects sales of $5.925B to $6.225B, midpoint $6.075B. - TopBuild expects sales in 2026 between $5.925 billion and $6.225 billion, with adjusted EBITDA ranging from $1.005 billion to $1.155 billion.

What is TopBuild Corp. share price analysis?

TopBuild Corp. currently shows a neutral. The stock trades at a P/E of 23.3 with a market cap of $11,839. Investors should review the full earnings analysis for detailed insights.

Is TopBuild Corp. planning capital expenditure?

- 2026 CapEx Guidance: Expected to be between 1% and 2% of sales.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.