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Side-by-side financial comparison of TopBuild Corp (BLD) and BOYD GAMING CORP (BYD). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.5B vs $997.4M, roughly 1.5× BOYD GAMING CORP). BOYD GAMING CORP runs the higher net margin — 10.5% vs 7.0%, a 3.4% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs 0.6%). Over the past eight quarters, TopBuild Corp's revenue compounded faster (7.8% CAGR vs 1.5%).
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.
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
BLD vs BYD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $997.4M |
| Net Profit | $104.5M | $104.3M |
| Gross Margin | 27.2% | — |
| Operating Margin | 12.1% | 16.4% |
| Net Margin | 7.0% | 10.5% |
| Revenue YoY | 13.2% | 0.6% |
| Net Profit YoY | -30.6% | -5.9% |
| EPS (diluted) | $3.69 | $1.37 |
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 | — | $997.4M | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.2B | $991.6M | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.4B | $961.2M | ||
| Q2 24 | $1.4B | $967.5M |
| Q1 26 | — | $104.3M | ||
| Q4 25 | $104.5M | $140.4M | ||
| Q3 25 | $142.2M | $1.4B | ||
| Q2 25 | $151.6M | $151.5M | ||
| Q1 25 | $123.4M | $111.4M | ||
| Q4 24 | $150.5M | $170.5M | ||
| Q3 24 | $169.0M | $131.1M | ||
| Q2 24 | $150.7M | $139.8M |
| Q1 26 | — | — | ||
| 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 | — | 16.4% | ||
| Q4 25 | 12.1% | 15.7% | ||
| Q3 25 | 15.4% | 13.9% | ||
| Q2 25 | 16.9% | 23.4% | ||
| Q1 25 | 14.4% | 20.2% | ||
| Q4 24 | 16.6% | 25.1% | ||
| Q3 24 | 17.8% | 22.9% | ||
| Q2 24 | 15.4% | 23.5% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 7.0% | 13.2% | ||
| Q3 25 | 10.2% | 143.4% | ||
| Q2 25 | 11.7% | 14.6% | ||
| Q1 25 | 10.0% | 11.2% | ||
| Q4 24 | 11.5% | 16.4% | ||
| Q3 24 | 12.3% | 13.6% | ||
| Q2 24 | 11.0% | 14.5% |
| Q1 26 | — | $1.37 | ||
| Q4 25 | $3.69 | $1.60 | ||
| Q3 25 | $5.04 | $17.81 | ||
| Q2 25 | $5.32 | $1.84 | ||
| Q1 25 | $4.23 | $1.31 | ||
| Q4 24 | $5.07 | $1.89 | ||
| Q3 24 | $5.65 | $1.43 | ||
| Q2 24 | $4.78 | $1.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $184.7M | — |
| Total DebtLower is stronger | $2.8B | — |
| Stockholders' EquityBook value | $2.3B | — |
| Total Assets | $6.6B | — |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $184.7M | $353.4M | ||
| Q3 25 | $1.1B | $319.1M | ||
| Q2 25 | $842.5M | $320.1M | ||
| Q1 25 | $308.8M | $311.5M | ||
| Q4 24 | $400.3M | $316.7M | ||
| Q3 24 | $257.3M | $286.3M | ||
| Q2 24 | $463.2M | $280.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.9B | $3.6B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.4B | $3.2B | ||
| Q3 24 | $1.4B | $3.1B | ||
| Q2 24 | $1.4B | $3.0B |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $2.6B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.2B | $1.6B | ||
| Q3 24 | $2.1B | $1.6B | ||
| Q2 24 | $2.4B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $6.6B | ||
| Q3 25 | $6.4B | $6.5B | ||
| Q2 25 | $5.1B | $6.6B | ||
| Q1 25 | $4.6B | $6.5B | ||
| Q4 24 | $4.7B | $6.4B | ||
| Q3 24 | $4.7B | $6.3B | ||
| Q2 24 | $4.9B | $6.3B |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 0.88× | 2.56× | ||
| Q1 25 | 0.65× | 2.61× | ||
| Q4 24 | 0.62× | 2.01× | ||
| Q3 24 | 0.66× | 1.88× | ||
| Q2 24 | 0.59× | 1.73× |
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 | $176.7M | — |
| Free Cash FlowOCF − Capex | $159.4M | — |
| FCF MarginFCF / Revenue | 10.7% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | 1.69× | — |
| TTM Free Cash FlowTrailing 4 quarters | $696.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $176.7M | $275.3M | ||
| Q3 25 | $233.3M | $240.0M | ||
| Q2 25 | $193.7M | $205.0M | ||
| Q1 25 | $152.6M | $256.4M | ||
| Q4 24 | $266.2M | $262.1M | ||
| Q3 24 | $240.7M | $231.2M | ||
| Q2 24 | $90.4M | $213.1M |
| Q1 26 | — | — | ||
| Q4 25 | $159.4M | $127.0M | ||
| Q3 25 | $216.2M | $94.4M | ||
| Q2 25 | $182.2M | $80.6M | ||
| Q1 25 | $139.2M | $86.5M | ||
| Q4 24 | $253.7M | $150.9M | ||
| Q3 24 | $219.8M | $146.0M | ||
| Q2 24 | $74.3M | $98.7M |
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | 12.0% | ||
| Q3 25 | 15.5% | 9.4% | ||
| Q2 25 | 14.0% | 7.8% | ||
| Q1 25 | 11.3% | 8.7% | ||
| Q4 24 | 19.3% | 14.5% | ||
| Q3 24 | 16.0% | 15.2% | ||
| Q2 24 | 5.4% | 10.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 14.0% | ||
| Q3 25 | 1.2% | 14.5% | ||
| Q2 25 | 0.9% | 12.0% | ||
| Q1 25 | 1.1% | 17.1% | ||
| Q4 24 | 1.0% | 10.7% | ||
| Q3 24 | 1.5% | 8.9% | ||
| Q2 24 | 1.2% | 11.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.69× | 1.96× | ||
| Q3 25 | 1.64× | 0.17× | ||
| Q2 25 | 1.28× | 1.35× | ||
| Q1 25 | 1.24× | 2.30× | ||
| Q4 24 | 1.77× | 1.54× | ||
| Q3 24 | 1.42× | 1.76× | ||
| Q2 24 | 0.60× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
BYD
| Gaming | $650.5M | 65% |
| Online reimbursements | $135.4M | 14% |
| Food & beverage | $75.8M | 8% |
| Other | $63.5M | 6% |
| Room | $45.9M | 5% |
| Management fee | $26.2M | 3% |
