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Side-by-side financial comparison of TopBuild Corp (BLD) and F5, Inc. (FFIV). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.5B vs $811.7M, roughly 1.8× F5, Inc.). F5, Inc. runs the higher net margin — 18.2% vs 7.0%, a 11.2% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs 11.0%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% 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.
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
BLD vs FFIV — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $811.7M |
| Net Profit | $104.5M | $148.0M |
| Gross Margin | 27.2% | 81.4% |
| Operating Margin | 12.1% | 22.1% |
| Net Margin | 7.0% | 18.2% |
| Revenue YoY | 13.2% | 11.0% |
| Net Profit YoY | -30.6% | 1.5% |
| EPS (diluted) | $3.69 | $2.58 |
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 | — | $811.7M | ||
| Q4 25 | $1.5B | $822.5M | ||
| Q3 25 | $1.4B | $810.1M | ||
| Q2 25 | $1.3B | $780.4M | ||
| Q1 25 | $1.2B | $731.1M | ||
| Q4 24 | $1.3B | $766.5M | ||
| Q3 24 | $1.4B | $746.7M | ||
| Q2 24 | $1.4B | $695.5M |
| Q1 26 | — | $148.0M | ||
| Q4 25 | $104.5M | $180.1M | ||
| Q3 25 | $142.2M | $190.5M | ||
| Q2 25 | $151.6M | $189.9M | ||
| Q1 25 | $123.4M | $145.5M | ||
| Q4 24 | $150.5M | $166.4M | ||
| Q3 24 | $169.0M | $165.3M | ||
| Q2 24 | $150.7M | $144.1M |
| Q1 26 | — | 81.4% | ||
| Q4 25 | 27.2% | 81.5% | ||
| Q3 25 | 30.1% | 82.2% | ||
| Q2 25 | 30.4% | 81.0% | ||
| Q1 25 | 28.5% | 80.7% | ||
| Q4 24 | 29.9% | 81.7% | ||
| Q3 24 | 30.7% | 80.8% | ||
| Q2 24 | 31.0% | 80.4% |
| Q1 26 | — | 22.1% | ||
| Q4 25 | 12.1% | 26.0% | ||
| Q3 25 | 15.4% | 25.4% | ||
| Q2 25 | 16.9% | 25.2% | ||
| Q1 25 | 14.4% | 21.7% | ||
| Q4 24 | 16.6% | 26.8% | ||
| Q3 24 | 17.8% | 25.6% | ||
| Q2 24 | 15.4% | 23.4% |
| Q1 26 | — | 18.2% | ||
| Q4 25 | 7.0% | 21.9% | ||
| Q3 25 | 10.2% | 23.5% | ||
| Q2 25 | 11.7% | 24.3% | ||
| Q1 25 | 10.0% | 19.9% | ||
| Q4 24 | 11.5% | 21.7% | ||
| Q3 24 | 12.3% | 22.1% | ||
| Q2 24 | 11.0% | 20.7% |
| Q1 26 | — | $2.58 | ||
| Q4 25 | $3.69 | $3.10 | ||
| Q3 25 | $5.04 | $3.25 | ||
| Q2 25 | $5.32 | $3.25 | ||
| Q1 25 | $4.23 | $2.48 | ||
| Q4 24 | $5.07 | $2.82 | ||
| Q3 24 | $5.65 | $2.79 | ||
| Q2 24 | $4.78 | $2.44 |
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 | $1.4B |
| Total DebtLower is stronger | $2.8B | — |
| Stockholders' EquityBook value | $2.3B | $3.6B |
| Total Assets | $6.6B | $6.5B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $184.7M | $1.2B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $842.5M | $1.4B | ||
| Q1 25 | $308.8M | $1.3B | ||
| Q4 24 | $400.3M | $1.2B | ||
| Q3 24 | $257.3M | $1.1B | ||
| Q2 24 | $463.2M | $935.6M |
| Q1 26 | — | — | ||
| 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 26 | — | $3.6B | ||
| Q4 25 | $2.3B | $3.5B | ||
| Q3 25 | $2.2B | $3.6B | ||
| Q2 25 | $2.1B | $3.5B | ||
| Q1 25 | $2.1B | $3.3B | ||
| Q4 24 | $2.2B | $3.2B | ||
| Q3 24 | $2.1B | $3.1B | ||
| Q2 24 | $2.4B | $3.0B |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $6.6B | $6.3B | ||
| Q3 25 | $6.4B | $6.3B | ||
| Q2 25 | $5.1B | $6.1B | ||
| Q1 25 | $4.6B | $5.9B | ||
| Q4 24 | $4.7B | $5.9B | ||
| Q3 24 | $4.7B | $5.6B | ||
| Q2 24 | $4.9B | $5.4B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $525.1M |
| Free Cash FlowOCF − Capex | $159.4M | — |
| FCF MarginFCF / Revenue | 10.7% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | 1.69× | 3.55× |
| TTM Free Cash FlowTrailing 4 quarters | $696.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $525.1M | ||
| Q4 25 | $176.7M | $159.2M | ||
| Q3 25 | $233.3M | $208.1M | ||
| Q2 25 | $193.7M | $282.2M | ||
| Q1 25 | $152.6M | $256.6M | ||
| Q4 24 | $266.2M | $202.8M | ||
| Q3 24 | $240.7M | $246.5M | ||
| Q2 24 | $90.4M | $159.0M |
| Q1 26 | — | — | ||
| Q4 25 | $159.4M | $149.5M | ||
| Q3 25 | $216.2M | $191.9M | ||
| Q2 25 | $182.2M | $273.7M | ||
| Q1 25 | $139.2M | $246.1M | ||
| Q4 24 | $253.7M | $194.7M | ||
| Q3 24 | $219.8M | $240.4M | ||
| Q2 24 | $74.3M | $153.1M |
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | 18.2% | ||
| Q3 25 | 15.5% | 23.7% | ||
| Q2 25 | 14.0% | 35.1% | ||
| Q1 25 | 11.3% | 33.7% | ||
| Q4 24 | 19.3% | 25.4% | ||
| Q3 24 | 16.0% | 32.2% | ||
| Q2 24 | 5.4% | 22.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 1.2% | ||
| Q3 25 | 1.2% | 2.0% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 1.1% | 1.4% | ||
| Q4 24 | 1.0% | 1.1% | ||
| Q3 24 | 1.5% | 0.8% | ||
| Q2 24 | 1.2% | 0.8% |
| Q1 26 | — | 3.55× | ||
| Q4 25 | 1.69× | 0.88× | ||
| Q3 25 | 1.64× | 1.09× | ||
| Q2 25 | 1.28× | 1.49× | ||
| Q1 25 | 1.24× | 1.76× | ||
| Q4 24 | 1.77× | 1.22× | ||
| Q3 24 | 1.42× | 1.49× | ||
| Q2 24 | 0.60× | 1.10× |
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% |
FFIV
Segment breakdown not available.
