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Side-by-side financial comparison of TopBuild Corp (BLD) and CLEAN HARBORS INC (CLH). Click either name above to swap in a different company.
CLEAN HARBORS INC is the larger business by last-quarter revenue ($1.5B vs $1.5B, roughly 1.0× TopBuild Corp). TopBuild Corp runs the higher net margin — 7.0% vs 5.8%, a 1.3% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs 4.8%). CLEAN HARBORS INC produced more free cash flow last quarter ($233.3M vs $159.4M). Over the past eight quarters, TopBuild Corp's revenue compounded faster (7.8% CAGR vs 4.4%).
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.
Clean Harbors, Inc., headquartered in Norwell, Massachusetts, is a provider of waste management and industrial services for commercial customers, specializing in the collection, transportation, treatment and disposal of hazardous waste, but also offering services for non-hazardous waste. The company has 870 operating locations in 630 properties in the U.S. and Canada including a network of over 100 waste disposal facilities such as incinerators, landfills, treatment, storage and disposal faci...
BLD vs CLH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.5B |
| Net Profit | $104.5M | $86.6M |
| Gross Margin | 27.2% | 30.6% |
| Operating Margin | 12.1% | 10.6% |
| Net Margin | 7.0% | 5.8% |
| Revenue YoY | 13.2% | 4.8% |
| Net Profit YoY | -30.6% | 3.1% |
| EPS (diluted) | $3.69 | $1.62 |
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.
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.3B | $1.4B |
| Q4 25 | $104.5M | $86.6M | ||
| Q3 25 | $142.2M | $118.8M | ||
| Q2 25 | $151.6M | $126.9M | ||
| Q1 25 | $123.4M | $58.7M | ||
| Q4 24 | $150.5M | $84.0M | ||
| Q3 24 | $169.0M | $115.2M | ||
| Q2 24 | $150.7M | $133.3M | ||
| Q1 24 | $152.4M | $69.8M |
| Q4 25 | 27.2% | 30.6% | ||
| Q3 25 | 30.1% | 32.3% | ||
| Q2 25 | 30.4% | 33.3% | ||
| Q1 25 | 28.5% | 28.6% | ||
| Q4 24 | 29.9% | 29.9% | ||
| Q3 24 | 30.7% | 31.0% | ||
| Q2 24 | 31.0% | 33.3% | ||
| Q1 24 | 30.3% | 29.5% |
| Q4 25 | 12.1% | 10.6% | ||
| Q3 25 | 15.4% | 12.5% | ||
| Q2 25 | 16.9% | 13.6% | ||
| Q1 25 | 14.4% | 7.8% | ||
| Q4 24 | 16.6% | 9.6% | ||
| Q3 24 | 17.8% | 12.6% | ||
| Q2 24 | 15.4% | 13.9% | ||
| Q1 24 | 16.8% | 9.1% |
| Q4 25 | 7.0% | 5.8% | ||
| Q3 25 | 10.2% | 7.7% | ||
| Q2 25 | 11.7% | 8.2% | ||
| Q1 25 | 10.0% | 4.1% | ||
| Q4 24 | 11.5% | 5.9% | ||
| Q3 24 | 12.3% | 7.5% | ||
| Q2 24 | 11.0% | 8.6% | ||
| Q1 24 | 11.9% | 5.1% |
| Q4 25 | $3.69 | $1.62 | ||
| Q3 25 | $5.04 | $2.21 | ||
| Q2 25 | $5.32 | $2.36 | ||
| Q1 25 | $4.23 | $1.09 | ||
| Q4 24 | $5.07 | $1.55 | ||
| Q3 24 | $5.65 | $2.12 | ||
| Q2 24 | $4.78 | $2.46 | ||
| Q1 24 | $4.79 | $1.29 |
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 | $127.4M |
| Total DebtLower is stronger | $2.8B | — |
| Stockholders' EquityBook value | $2.3B | $2.7B |
| Total Assets | $6.6B | $7.6B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.7M | $127.4M | ||
| Q3 25 | $1.1B | $91.2M | ||
| Q2 25 | $842.5M | $98.9M | ||
| Q1 25 | $308.8M | $105.9M | ||
| Q4 24 | $400.3M | $102.6M | ||
| Q3 24 | $257.3M | $82.4M | ||
| Q2 24 | $463.2M | $91.3M | ||
| Q1 24 | $968.8M | $104.8M |
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $2.3B | $2.7B | ||
| Q3 25 | $2.2B | $2.8B | ||
| Q2 25 | $2.1B | $2.7B | ||
| Q1 25 | $2.1B | $2.6B | ||
| Q4 24 | $2.2B | $2.6B | ||
| Q3 24 | $2.1B | $2.5B | ||
| Q2 24 | $2.4B | $2.4B | ||
| Q1 24 | $2.7B | $2.3B |
| Q4 25 | $6.6B | $7.6B | ||
| Q3 25 | $6.4B | $7.5B | ||
| Q2 25 | $5.1B | $7.4B | ||
| Q1 25 | $4.6B | $7.2B | ||
| Q4 24 | $4.7B | $7.4B | ||
| Q3 24 | $4.7B | $7.3B | ||
| Q2 24 | $4.9B | $7.1B | ||
| Q1 24 | $5.3B | $6.9B |
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.52× | — |
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 | $355.1M |
| Free Cash FlowOCF − Capex | $159.4M | $233.3M |
| FCF MarginFCF / Revenue | 10.7% | 15.6% |
| Capex IntensityCapex / Revenue | 1.2% | 8.1% |
| Cash ConversionOCF / Net Profit | 1.69× | 4.10× |
| TTM Free Cash FlowTrailing 4 quarters | $696.9M | $441.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $176.7M | $355.1M | ||
| Q3 25 | $233.3M | $302.0M | ||
| Q2 25 | $193.7M | $208.0M | ||
| Q1 25 | $152.6M | $1.6M | ||
| Q4 24 | $266.2M | $303.9M | ||
| Q3 24 | $240.7M | $239.2M | ||
| Q2 24 | $90.4M | $216.0M | ||
| Q1 24 | $178.8M | $18.5M |
| Q4 25 | $159.4M | $233.3M | ||
| Q3 25 | $216.2M | $207.5M | ||
| Q2 25 | $182.2M | $118.0M | ||
| Q1 25 | $139.2M | $-117.1M | ||
| Q4 24 | $253.7M | $241.5M | ||
| Q3 24 | $219.8M | $142.4M | ||
| Q2 24 | $74.3M | $80.9M | ||
| Q1 24 | $158.9M | $-119.4M |
| Q4 25 | 10.7% | 15.6% | ||
| Q3 25 | 15.5% | 13.4% | ||
| Q2 25 | 14.0% | 7.6% | ||
| Q1 25 | 11.3% | -8.2% | ||
| Q4 24 | 19.3% | 16.9% | ||
| Q3 24 | 16.0% | 9.3% | ||
| Q2 24 | 5.4% | 5.2% | ||
| Q1 24 | 12.4% | -8.7% |
| Q4 25 | 1.2% | 8.1% | ||
| Q3 25 | 1.2% | 6.1% | ||
| Q2 25 | 0.9% | 5.8% | ||
| Q1 25 | 1.1% | 8.3% | ||
| Q4 24 | 1.0% | 4.4% | ||
| Q3 24 | 1.5% | 6.3% | ||
| Q2 24 | 1.2% | 8.7% | ||
| Q1 24 | 1.6% | 10.0% |
| Q4 25 | 1.69× | 4.10× | ||
| Q3 25 | 1.64× | 2.54× | ||
| Q2 25 | 1.28× | 1.64× | ||
| Q1 25 | 1.24× | 0.03× | ||
| Q4 24 | 1.77× | 3.62× | ||
| Q3 24 | 1.42× | 2.08× | ||
| Q2 24 | 0.60× | 1.62× | ||
| Q1 24 | 1.17× | 0.27× |
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% |
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
