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Side-by-side financial comparison of TopBuild Corp (BLD) and FIRST HORIZON CORP (FHN). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.4B vs $888.0M, roughly 1.6× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 7.2%, a 22.1% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 17.2%). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 2.9%).
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.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
BLD vs FHN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $888.0M |
| Net Profit | $104.8M | $261.0M |
| Gross Margin | 27.7% | — |
| Operating Margin | 12.1% | 38.5% |
| Net Margin | 7.2% | 29.4% |
| Revenue YoY | 17.2% | 21.8% |
| Net Profit YoY | -15.1% | 57.2% |
| EPS (diluted) | $3.73 | $0.51 |
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 | $1.5B | $888.0M | ||
| Q3 25 | $1.4B | $889.0M | ||
| Q2 25 | $1.3B | $830.0M | ||
| Q1 25 | $1.2B | $812.0M | ||
| Q4 24 | $1.3B | $729.0M | ||
| Q3 24 | $1.4B | $827.0M | ||
| Q2 24 | $1.4B | — |
| Q1 26 | $104.8M | — | ||
| Q4 25 | $104.5M | $261.0M | ||
| Q3 25 | $142.2M | $262.0M | ||
| Q2 25 | $151.6M | $241.0M | ||
| Q1 25 | $123.4M | $218.0M | ||
| Q4 24 | $150.5M | $166.0M | ||
| Q3 24 | $169.0M | $218.0M | ||
| Q2 24 | $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 | 12.1% | 38.5% | ||
| Q3 25 | 15.4% | 38.7% | ||
| Q2 25 | 16.9% | 37.2% | ||
| Q1 25 | 14.4% | 35.1% | ||
| Q4 24 | 16.6% | 28.8% | ||
| Q3 24 | 17.8% | 34.0% | ||
| Q2 24 | 15.4% | — |
| Q1 26 | 7.2% | — | ||
| Q4 25 | 7.0% | 29.4% | ||
| Q3 25 | 10.2% | 29.5% | ||
| Q2 25 | 11.7% | 29.0% | ||
| Q1 25 | 10.0% | 26.8% | ||
| Q4 24 | 11.5% | 22.8% | ||
| Q3 24 | 12.3% | 26.4% | ||
| Q2 24 | 11.0% | — |
| Q1 26 | $3.73 | — | ||
| Q4 25 | $3.69 | $0.51 | ||
| Q3 25 | $5.04 | $0.50 | ||
| Q2 25 | $5.32 | $0.45 | ||
| Q1 25 | $4.23 | $0.41 | ||
| Q4 24 | $5.07 | $0.29 | ||
| Q3 24 | $5.65 | $0.40 | ||
| Q2 24 | $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 | $268.8M | — |
| Total DebtLower is stronger | $2.8B | — |
| Stockholders' EquityBook value | $2.4B | $8.8B |
| Total Assets | $6.7B | $83.9B |
| Debt / EquityLower = less leverage | 1.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $268.8M | — | ||
| Q4 25 | $184.7M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $842.5M | — | ||
| Q1 25 | $308.8M | — | ||
| Q4 24 | $400.3M | — | ||
| Q3 24 | $257.3M | — | ||
| Q2 24 | $463.2M | — |
| Q1 26 | $2.8B | — | ||
| 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 | $2.4B | — | ||
| Q4 25 | $2.3B | $8.8B | ||
| Q3 25 | $2.2B | $8.9B | ||
| Q2 25 | $2.1B | $9.0B | ||
| Q1 25 | $2.1B | $8.7B | ||
| Q4 24 | $2.2B | $8.8B | ||
| Q3 24 | $2.1B | $9.0B | ||
| Q2 24 | $2.4B | — |
| Q1 26 | $6.7B | — | ||
| Q4 25 | $6.6B | $83.9B | ||
| Q3 25 | $6.4B | $83.2B | ||
| Q2 25 | $5.1B | $82.1B | ||
| Q1 25 | $4.6B | $81.5B | ||
| Q4 24 | $4.7B | $82.2B | ||
| Q3 24 | $4.7B | $82.6B | ||
| Q2 24 | $4.9B | — |
| Q1 26 | 1.18× | — | ||
| 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 | $160.7M | $396.0M |
| Free Cash FlowOCF − Capex | — | $389.0M |
| FCF MarginFCF / Revenue | — | 43.8% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | 1.53× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $160.7M | — | ||
| Q4 25 | $176.7M | $396.0M | ||
| Q3 25 | $233.3M | $-200.0M | ||
| Q2 25 | $193.7M | $83.0M | ||
| Q1 25 | $152.6M | $349.0M | ||
| Q4 24 | $266.2M | $191.0M | ||
| Q3 24 | $240.7M | $389.0M | ||
| Q2 24 | $90.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | $159.4M | $389.0M | ||
| Q3 25 | $216.2M | $-208.0M | ||
| Q2 25 | $182.2M | $74.0M | ||
| Q1 25 | $139.2M | $340.0M | ||
| Q4 24 | $253.7M | $174.0M | ||
| Q3 24 | $219.8M | $383.0M | ||
| Q2 24 | $74.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | 43.8% | ||
| Q3 25 | 15.5% | -23.4% | ||
| Q2 25 | 14.0% | 8.9% | ||
| Q1 25 | 11.3% | 41.9% | ||
| Q4 24 | 19.3% | 23.9% | ||
| Q3 24 | 16.0% | 46.3% | ||
| Q2 24 | 5.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 0.8% | ||
| Q3 25 | 1.2% | 0.9% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 1.1% | 1.1% | ||
| Q4 24 | 1.0% | 2.3% | ||
| Q3 24 | 1.5% | 0.7% | ||
| Q2 24 | 1.2% | — |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.69× | 1.52× | ||
| Q3 25 | 1.64× | -0.76× | ||
| Q2 25 | 1.28× | 0.34× | ||
| Q1 25 | 1.24× | 1.60× | ||
| Q4 24 | 1.77× | 1.15× | ||
| Q3 24 | 1.42× | 1.78× | ||
| Q2 24 | 0.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLD
| Installation Services | $651.1M | 45% |
| Specialty Distribution | $562.9M | 39% |
| Other | $231.8M | 16% |
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
