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Side-by-side financial comparison of TopBuild Corp (BLD) and Element Solutions Inc (ESI). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.5B vs $840.0M, roughly 1.8× Element Solutions Inc). TopBuild Corp runs the higher net margin — 7.0% vs 6.7%, a 0.4% gap on every dollar of revenue. On growth, Element Solutions Inc posted the faster year-over-year revenue change (41.0% vs 13.2%). TopBuild Corp produced more free cash flow last quarter ($159.4M vs $-74.2M). Over the past eight quarters, Element Solutions Inc's revenue compounded faster (17.1% CAGR vs 7.8%).
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.
Element Solutions Inc is an American specialty chemicals production corporation listed on the New York Stock Exchange.
BLD vs ESI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $840.0M |
| Net Profit | $104.5M | $56.0M |
| Gross Margin | 27.2% | 38.4% |
| Operating Margin | 12.1% | 13.3% |
| Net Margin | 7.0% | 6.7% |
| Revenue YoY | 13.2% | 41.0% |
| Net Profit YoY | -30.6% | -43.0% |
| EPS (diluted) | $3.69 | $0.23 |
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 | — | $840.0M | ||
| Q4 25 | $1.5B | $676.2M | ||
| Q3 25 | $1.4B | $656.1M | ||
| Q2 25 | $1.3B | $625.2M | ||
| Q1 25 | $1.2B | $593.7M | ||
| Q4 24 | $1.3B | $624.2M | ||
| Q3 24 | $1.4B | $645.0M | ||
| Q2 24 | $1.4B | $612.7M |
| Q1 26 | — | $56.0M | ||
| Q4 25 | $104.5M | $6.2M | ||
| Q3 25 | $142.2M | $39.3M | ||
| Q2 25 | $151.6M | $47.4M | ||
| Q1 25 | $123.4M | $98.0M | ||
| Q4 24 | $150.5M | $54.7M | ||
| Q3 24 | $169.0M | $40.3M | ||
| Q2 24 | $150.7M | $93.2M |
| Q1 26 | — | 38.4% | ||
| Q4 25 | 27.2% | 40.9% | ||
| Q3 25 | 30.1% | 42.2% | ||
| Q2 25 | 30.4% | 42.6% | ||
| Q1 25 | 28.5% | 42.2% | ||
| Q4 24 | 29.9% | 41.0% | ||
| Q3 24 | 30.7% | 41.5% | ||
| Q2 24 | 31.0% | 43.6% |
| Q1 26 | — | 13.3% | ||
| Q4 25 | 12.1% | 10.3% | ||
| Q3 25 | 15.4% | 15.4% | ||
| Q2 25 | 16.9% | 15.1% | ||
| Q1 25 | 14.4% | 13.0% | ||
| Q4 24 | 16.6% | 12.0% | ||
| Q3 24 | 17.8% | 14.7% | ||
| Q2 24 | 15.4% | 15.7% |
| Q1 26 | — | 6.7% | ||
| Q4 25 | 7.0% | 0.9% | ||
| Q3 25 | 10.2% | 6.0% | ||
| Q2 25 | 11.7% | 7.6% | ||
| Q1 25 | 10.0% | 16.5% | ||
| Q4 24 | 11.5% | 8.8% | ||
| Q3 24 | 12.3% | 6.2% | ||
| Q2 24 | 11.0% | 15.2% |
| Q1 26 | — | $0.23 | ||
| Q4 25 | $3.69 | $0.03 | ||
| Q3 25 | $5.04 | $0.16 | ||
| Q2 25 | $5.32 | $0.20 | ||
| Q1 25 | $4.23 | $0.40 | ||
| Q4 24 | $5.07 | $0.22 | ||
| Q3 24 | $5.65 | $0.17 | ||
| Q2 24 | $4.78 | $0.39 |
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 | $177.3M |
| Total DebtLower is stronger | $2.8B | — |
| Stockholders' EquityBook value | $2.3B | $2.7B |
| Total Assets | $6.6B | $5.7B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $177.3M | ||
| Q4 25 | $184.7M | $626.5M | ||
| Q3 25 | $1.1B | $594.3M | ||
| Q2 25 | $842.5M | $529.9M | ||
| Q1 25 | $308.8M | $499.2M | ||
| Q4 24 | $400.3M | $359.4M | ||
| Q3 24 | $257.3M | $376.0M | ||
| Q2 24 | $463.2M | $309.3M |
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $1.6B | ||
| Q3 25 | $2.9B | $1.6B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.4B | $1.9B | ||
| Q2 24 | $1.4B | $1.9B |
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.3B | $2.7B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $2.1B | $2.5B | ||
| Q4 24 | $2.2B | $2.4B | ||
| Q3 24 | $2.1B | $2.4B | ||
| Q2 24 | $2.4B | $2.4B |
| Q1 26 | — | $5.7B | ||
| Q4 25 | $6.6B | $5.1B | ||
| Q3 25 | $6.4B | $5.0B | ||
| Q2 25 | $5.1B | $5.0B | ||
| Q1 25 | $4.6B | $4.8B | ||
| Q4 24 | $4.7B | $4.9B | ||
| Q3 24 | $4.7B | $5.1B | ||
| Q2 24 | $4.9B | $5.0B |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 0.61× | ||
| Q3 25 | 1.29× | 0.61× | ||
| Q2 25 | 0.88× | 0.62× | ||
| Q1 25 | 0.65× | 0.64× | ||
| Q4 24 | 0.62× | 0.76× | ||
| Q3 24 | 0.66× | 0.78× | ||
| Q2 24 | 0.59× | 0.81× |
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 | $-74.2M |
| FCF MarginFCF / Revenue | 10.7% | -8.8% |
| Capex IntensityCapex / Revenue | 1.2% | 3.0% |
| 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 | — | ||
| Q3 25 | $233.3M | $100.1M | ||
| Q2 25 | $193.7M | — | ||
| Q1 25 | $152.6M | $26.0M | ||
| Q4 24 | $266.2M | — | ||
| Q3 24 | $240.7M | $98.5M | ||
| Q2 24 | $90.4M | — |
| Q1 26 | — | $-74.2M | ||
| Q4 25 | $159.4M | — | ||
| Q3 25 | $216.2M | $83.6M | ||
| Q2 25 | $182.2M | — | ||
| Q1 25 | $139.2M | $15.0M | ||
| Q4 24 | $253.7M | — | ||
| Q3 24 | $219.8M | $85.9M | ||
| Q2 24 | $74.3M | — |
| Q1 26 | — | -8.8% | ||
| Q4 25 | 10.7% | — | ||
| Q3 25 | 15.5% | 12.7% | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 11.3% | 2.5% | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 16.0% | 13.3% | ||
| Q2 24 | 5.4% | — |
| Q1 26 | — | 3.0% | ||
| Q4 25 | 1.2% | 2.5% | ||
| Q3 25 | 1.2% | 2.5% | ||
| Q2 25 | 0.9% | 2.8% | ||
| Q1 25 | 1.1% | 1.9% | ||
| Q4 24 | 1.0% | 3.6% | ||
| Q3 24 | 1.5% | 2.0% | ||
| Q2 24 | 1.2% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.69× | — | ||
| Q3 25 | 1.64× | 2.55× | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.24× | 0.27× | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.42× | 2.44× | ||
| Q2 24 | 0.60× | — |
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% |
ESI
| Electronics ex-Metals | $377.8M | 45% |
| Pass-through Metals | $255.7M | 30% |
| Other | $206.5M | 25% |
