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Side-by-side financial comparison of TopBuild Corp (BLD) and Fabrinet (FN). Click either name above to swap in a different company.

TopBuild Corp is the larger business by last-quarter revenue ($1.5B vs $1.1B, roughly 1.3× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs 7.0%, a 2.9% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 13.2%). TopBuild Corp produced more free cash flow last quarter ($159.4M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% 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.

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

BLD vs FN — Head-to-Head

Bigger by revenue
BLD
BLD
1.3× larger
BLD
$1.5B
$1.1B
FN
Growing faster (revenue YoY)
FN
FN
+22.7% gap
FN
35.9%
13.2%
BLD
Higher net margin
FN
FN
2.9% more per $
FN
9.9%
7.0%
BLD
More free cash flow
BLD
BLD
$164.7M more FCF
BLD
$159.4M
$-5.3M
FN
Faster 2-yr revenue CAGR
FN
FN
Annualised
FN
24.4%
7.8%
BLD

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BLD
BLD
FN
FN
Revenue
$1.5B
$1.1B
Net Profit
$104.5M
$112.6M
Gross Margin
27.2%
12.2%
Operating Margin
12.1%
10.1%
Net Margin
7.0%
9.9%
Revenue YoY
13.2%
35.9%
Net Profit YoY
-30.6%
30.0%
EPS (diluted)
$3.69
$3.11

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.

Revenue
BLD
BLD
FN
FN
Q4 25
$1.5B
$1.1B
Q3 25
$1.4B
$978.1M
Q2 25
$1.3B
$909.7M
Q1 25
$1.2B
$871.8M
Q4 24
$1.3B
$833.6M
Q3 24
$1.4B
$804.2M
Q2 24
$1.4B
$753.3M
Q1 24
$1.3B
$731.5M
Net Profit
BLD
BLD
FN
FN
Q4 25
$104.5M
$112.6M
Q3 25
$142.2M
$95.9M
Q2 25
$151.6M
$87.2M
Q1 25
$123.4M
$81.3M
Q4 24
$150.5M
$86.6M
Q3 24
$169.0M
$77.4M
Q2 24
$150.7M
$81.1M
Q1 24
$152.4M
$80.9M
Gross Margin
BLD
BLD
FN
FN
Q4 25
27.2%
12.2%
Q3 25
30.1%
11.9%
Q2 25
30.4%
12.2%
Q1 25
28.5%
11.7%
Q4 24
29.9%
12.1%
Q3 24
30.7%
12.3%
Q2 24
31.0%
12.3%
Q1 24
30.3%
12.4%
Operating Margin
BLD
BLD
FN
FN
Q4 25
12.1%
10.1%
Q3 25
15.4%
9.6%
Q2 25
16.9%
9.8%
Q1 25
14.4%
9.0%
Q4 24
16.6%
9.5%
Q3 24
17.8%
9.6%
Q2 24
15.4%
9.7%
Q1 24
16.8%
9.7%
Net Margin
BLD
BLD
FN
FN
Q4 25
7.0%
9.9%
Q3 25
10.2%
9.8%
Q2 25
11.7%
9.6%
Q1 25
10.0%
9.3%
Q4 24
11.5%
10.4%
Q3 24
12.3%
9.6%
Q2 24
11.0%
10.8%
Q1 24
11.9%
11.1%
EPS (diluted)
BLD
BLD
FN
FN
Q4 25
$3.69
$3.11
Q3 25
$5.04
$2.66
Q2 25
$5.32
$2.41
Q1 25
$4.23
$2.25
Q4 24
$5.07
$2.38
Q3 24
$5.65
$2.13
Q2 24
$4.78
$2.22
Q1 24
$4.79
$2.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BLD
BLD
FN
FN
Cash + ST InvestmentsLiquidity on hand
$184.7M
$960.8M
Total DebtLower is stronger
$2.8B
Stockholders' EquityBook value
$2.3B
$2.2B
Total Assets
$6.6B
$3.3B
Debt / EquityLower = less leverage
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLD
BLD
FN
FN
Q4 25
$184.7M
$960.8M
Q3 25
$1.1B
$968.8M
Q2 25
$842.5M
$934.2M
Q1 25
$308.8M
$950.7M
Q4 24
$400.3M
$934.6M
Q3 24
$257.3M
$908.9M
Q2 24
$463.2M
$858.6M
Q1 24
$968.8M
$794.0M
Total Debt
BLD
BLD
FN
FN
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
Stockholders' Equity
BLD
BLD
FN
FN
Q4 25
$2.3B
$2.2B
Q3 25
$2.2B
$2.1B
Q2 25
$2.1B
$2.0B
Q1 25
$2.1B
$1.9B
Q4 24
$2.2B
$1.8B
Q3 24
$2.1B
$1.8B
Q2 24
$2.4B
$1.7B
Q1 24
$2.7B
$1.7B
Total Assets
BLD
BLD
FN
FN
Q4 25
$6.6B
$3.3B
Q3 25
$6.4B
$3.0B
Q2 25
$5.1B
$2.8B
Q1 25
$4.6B
$2.6B
Q4 24
$4.7B
$2.5B
Q3 24
$4.7B
$2.4B
Q2 24
$4.9B
$2.3B
Q1 24
$5.3B
$2.2B
Debt / Equity
BLD
BLD
FN
FN
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
BLD
BLD
FN
FN
Operating Cash FlowLast quarter
$176.7M
$46.3M
Free Cash FlowOCF − Capex
$159.4M
$-5.3M
FCF MarginFCF / Revenue
10.7%
-0.5%
Capex IntensityCapex / Revenue
1.2%
4.6%
Cash ConversionOCF / Net Profit
1.69×
0.41×
TTM Free Cash FlowTrailing 4 quarters
$696.9M
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLD
BLD
FN
FN
Q4 25
$176.7M
$46.3M
Q3 25
$233.3M
$102.6M
Q2 25
$193.7M
$55.1M
Q1 25
$152.6M
$74.2M
Q4 24
$266.2M
$115.9M
Q3 24
$240.7M
$83.2M
Q2 24
$90.4M
$83.1M
Q1 24
$178.8M
$100.9M
Free Cash Flow
BLD
BLD
FN
FN
Q4 25
$159.4M
$-5.3M
Q3 25
$216.2M
$57.3M
Q2 25
$182.2M
$4.7M
Q1 25
$139.2M
$45.7M
Q4 24
$253.7M
$94.0M
Q3 24
$219.8M
$62.9M
Q2 24
$74.3M
$70.4M
Q1 24
$158.9M
$87.3M
FCF Margin
BLD
BLD
FN
FN
Q4 25
10.7%
-0.5%
Q3 25
15.5%
5.9%
Q2 25
14.0%
0.5%
Q1 25
11.3%
5.2%
Q4 24
19.3%
11.3%
Q3 24
16.0%
7.8%
Q2 24
5.4%
9.3%
Q1 24
12.4%
11.9%
Capex Intensity
BLD
BLD
FN
FN
Q4 25
1.2%
4.6%
Q3 25
1.2%
4.6%
Q2 25
0.9%
5.5%
Q1 25
1.1%
3.3%
Q4 24
1.0%
2.6%
Q3 24
1.5%
2.5%
Q2 24
1.2%
1.7%
Q1 24
1.6%
1.9%
Cash Conversion
BLD
BLD
FN
FN
Q4 25
1.69×
0.41×
Q3 25
1.64×
1.07×
Q2 25
1.28×
0.63×
Q1 25
1.24×
0.91×
Q4 24
1.77×
1.34×
Q3 24
1.42×
1.07×
Q2 24
0.60×
1.02×
Q1 24
1.17×
1.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BLD
BLD

Distribution Segment$755.4M51%
Residential$557.9M38%
All Other Products$91.9M6%
Glass And Windows$51.5M3%
Rain Gutters$27.1M2%

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

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