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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and TopBuild Corp (BLD). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.4B vs $975.0M, roughly 1.5× BREAD FINANCIAL HOLDINGS, INC.). On growth, TopBuild Corp posted the faster year-over-year revenue change (17.2% vs 5.4%). Over the past eight quarters, TopBuild Corp's revenue compounded faster (2.9% CAGR vs -0.8%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
HashiCorp, Inc. is an American software company with a freemium business model based in San Francisco, California. HashiCorp provides tools and products that enable developers, operators and security professionals to provision, secure, run and connect cloud-computing infrastructure. It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.
BFH vs BLD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $1.4B |
| Net Profit | — | $104.8M |
| Gross Margin | — | 27.7% |
| Operating Margin | 4.9% | 12.1% |
| Net Margin | — | 7.2% |
| Revenue YoY | 5.4% | 17.2% |
| Net Profit YoY | — | -15.1% |
| EPS (diluted) | $1.21 | $3.73 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $975.0M | $1.5B | ||
| Q3 25 | $971.0M | $1.4B | ||
| Q2 25 | $929.0M | $1.3B | ||
| Q1 25 | $970.0M | $1.2B | ||
| Q4 24 | $925.0M | $1.3B | ||
| Q3 24 | $983.0M | $1.4B | ||
| Q2 24 | $939.0M | $1.4B |
| Q1 26 | — | $104.8M | ||
| Q4 25 | — | $104.5M | ||
| Q3 25 | $188.0M | $142.2M | ||
| Q2 25 | $139.0M | $151.6M | ||
| Q1 25 | $138.0M | $123.4M | ||
| Q4 24 | — | $150.5M | ||
| Q3 24 | $2.0M | $169.0M | ||
| Q2 24 | $133.0M | $150.7M |
| Q1 26 | — | 27.7% | ||
| Q4 25 | — | 27.2% | ||
| Q3 25 | — | 30.1% | ||
| Q2 25 | — | 30.4% | ||
| Q1 25 | — | 28.5% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 30.7% | ||
| Q2 24 | — | 31.0% |
| Q1 26 | — | 12.1% | ||
| Q4 25 | 4.9% | 12.1% | ||
| Q3 25 | 20.2% | 15.4% | ||
| Q2 25 | 18.7% | 16.9% | ||
| Q1 25 | 20.3% | 14.4% | ||
| Q4 24 | -2.9% | 16.6% | ||
| Q3 24 | 4.1% | 17.8% | ||
| Q2 24 | 19.2% | 15.4% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | — | 7.0% | ||
| Q3 25 | 19.4% | 10.2% | ||
| Q2 25 | 15.0% | 11.7% | ||
| Q1 25 | 14.2% | 10.0% | ||
| Q4 24 | — | 11.5% | ||
| Q3 24 | 0.2% | 12.3% | ||
| Q2 24 | 14.2% | 11.0% |
| Q1 26 | — | $3.73 | ||
| Q4 25 | $1.21 | $3.69 | ||
| Q3 25 | $3.96 | $5.04 | ||
| Q2 25 | $2.94 | $5.32 | ||
| Q1 25 | $2.78 | $4.23 | ||
| Q4 24 | $0.08 | $5.07 | ||
| Q3 24 | $0.05 | $5.65 | ||
| Q2 24 | $2.66 | $4.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.6B | $268.8M |
| Total DebtLower is stronger | $4.3B | $2.8B |
| Stockholders' EquityBook value | $3.3B | $2.4B |
| Total Assets | $22.7B | $6.7B |
| Debt / EquityLower = less leverage | 1.29× | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $268.8M | ||
| Q4 25 | $3.6B | $184.7M | ||
| Q3 25 | $3.8B | $1.1B | ||
| Q2 25 | $3.8B | $842.5M | ||
| Q1 25 | $4.2B | $308.8M | ||
| Q4 24 | $4.0B | $400.3M | ||
| Q3 24 | $3.5B | $257.3M | ||
| Q2 24 | $4.1B | $463.2M |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $4.3B | $2.8B | ||
| Q3 25 | $3.8B | $2.9B | ||
| Q2 25 | $4.2B | $1.9B | ||
| Q1 25 | $5.1B | $1.4B | ||
| Q4 24 | $5.6B | $1.4B | ||
| Q3 24 | $4.6B | $1.4B | ||
| Q2 24 | — | $1.4B |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $3.3B | $2.3B | ||
| Q3 25 | $3.3B | $2.2B | ||
| Q2 25 | $3.2B | $2.1B | ||
| Q1 25 | $3.1B | $2.1B | ||
| Q4 24 | $3.1B | $2.2B | ||
| Q3 24 | $3.1B | $2.1B | ||
| Q2 24 | $3.2B | $2.4B |
| Q1 26 | — | $6.7B | ||
| Q4 25 | $22.7B | $6.6B | ||
| Q3 25 | $21.7B | $6.4B | ||
| Q2 25 | $21.8B | $5.1B | ||
| Q1 25 | $22.4B | $4.6B | ||
| Q4 24 | $22.9B | $4.7B | ||
| Q3 24 | $21.7B | $4.7B | ||
| Q2 24 | $22.1B | $4.9B |
| Q1 26 | — | 1.18× | ||
| Q4 25 | 1.29× | 1.23× | ||
| Q3 25 | 1.14× | 1.29× | ||
| Q2 25 | 1.34× | 0.88× | ||
| Q1 25 | 1.67× | 0.65× | ||
| Q4 24 | 1.82× | 0.62× | ||
| Q3 24 | 1.47× | 0.66× | ||
| Q2 24 | — | 0.59× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $568.0M | $160.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.53× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $160.7M | ||
| Q4 25 | $568.0M | $176.7M | ||
| Q3 25 | $605.0M | $233.3M | ||
| Q2 25 | $526.0M | $193.7M | ||
| Q1 25 | $393.0M | $152.6M | ||
| Q4 24 | $479.0M | $266.2M | ||
| Q3 24 | $456.0M | $240.7M | ||
| Q2 24 | $477.0M | $90.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $159.4M | ||
| Q3 25 | — | $216.2M | ||
| Q2 25 | — | $182.2M | ||
| Q1 25 | — | $139.2M | ||
| Q4 24 | — | $253.7M | ||
| Q3 24 | — | $219.8M | ||
| Q2 24 | — | $74.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 15.5% | ||
| Q2 25 | — | 14.0% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 16.0% | ||
| Q2 24 | — | 5.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.2% |
| Q1 26 | — | 1.53× | ||
| Q4 25 | — | 1.69× | ||
| Q3 25 | 3.22× | 1.64× | ||
| Q2 25 | 3.78× | 1.28× | ||
| Q1 25 | 2.85× | 1.24× | ||
| Q4 24 | — | 1.77× | ||
| Q3 24 | 228.00× | 1.42× | ||
| Q2 24 | 3.59× | 0.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFH
Segment breakdown not available.
BLD
| Installation Services | $651.1M | 45% |
| Specialty Distribution | $562.9M | 39% |
| Other | $231.8M | 16% |
