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Side-by-side financial comparison of TopBuild Corp (BLD) and Grocery Outlet Holding Corp. (GO). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.2× Grocery Outlet Holding Corp.). TopBuild Corp runs the higher net margin — 7.0% vs -18.5%, a 25.5% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs 10.7%). Over the past eight quarters, Grocery Outlet Holding Corp.'s revenue compounded faster (8.3% 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.
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.
BLD vs GO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.2B |
| Net Profit | $104.5M | $-224.9M |
| Gross Margin | 27.2% | 29.7% |
| Operating Margin | 12.1% | — |
| Net Margin | 7.0% | -18.5% |
| Revenue YoY | 13.2% | 10.7% |
| Net Profit YoY | -30.6% | -669.9% |
| EPS (diluted) | $3.69 | $-2.22 |
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 | — | $1.2B | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B |
| Q1 26 | — | $-224.9M | ||
| Q4 25 | $104.5M | — | ||
| Q3 25 | $142.2M | $11.6M | ||
| Q2 25 | $151.6M | $5.0M | ||
| Q1 25 | $123.4M | $-23.3M | ||
| Q4 24 | $150.5M | $2.3M | ||
| Q3 24 | $169.0M | $24.2M | ||
| Q2 24 | $150.7M | $14.0M |
| Q1 26 | — | 29.7% | ||
| Q4 25 | 27.2% | — | ||
| Q3 25 | 30.1% | 30.4% | ||
| Q2 25 | 30.4% | 30.6% | ||
| Q1 25 | 28.5% | 30.4% | ||
| Q4 24 | 29.9% | 29.5% | ||
| Q3 24 | 30.7% | 31.1% | ||
| Q2 24 | 31.0% | 30.9% |
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | — | ||
| Q3 25 | 15.4% | 2.0% | ||
| Q2 25 | 16.9% | 1.1% | ||
| Q1 25 | 14.4% | -2.0% | ||
| Q4 24 | 16.6% | 1.0% | ||
| Q3 24 | 17.8% | 3.6% | ||
| Q2 24 | 15.4% | 2.3% |
| Q1 26 | — | -18.5% | ||
| Q4 25 | 7.0% | — | ||
| Q3 25 | 10.2% | 1.0% | ||
| Q2 25 | 11.7% | 0.4% | ||
| Q1 25 | 10.0% | -2.1% | ||
| Q4 24 | 11.5% | 0.2% | ||
| Q3 24 | 12.3% | 2.2% | ||
| Q2 24 | 11.0% | 1.2% |
| Q1 26 | — | $-2.22 | ||
| Q4 25 | $3.69 | — | ||
| Q3 25 | $5.04 | $0.12 | ||
| Q2 25 | $5.32 | $0.05 | ||
| Q1 25 | $4.23 | $-0.24 | ||
| Q4 24 | $5.07 | $0.03 | ||
| Q3 24 | $5.65 | $0.24 | ||
| Q2 24 | $4.78 | $0.14 |
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 | $69.6M |
| Total DebtLower is stronger | $2.8B | $15.0M |
| Stockholders' EquityBook value | $2.3B | $983.7M |
| Total Assets | $6.6B | $3.1B |
| Debt / EquityLower = less leverage | 1.23× | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $69.6M | ||
| Q4 25 | $184.7M | — | ||
| Q3 25 | $1.1B | $52.1M | ||
| Q2 25 | $842.5M | $55.2M | ||
| Q1 25 | $308.8M | $50.9M | ||
| Q4 24 | $400.3M | $62.8M | ||
| Q3 24 | $257.3M | $68.7M | ||
| Q2 24 | $463.2M | $67.1M |
| Q1 26 | — | $15.0M | ||
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.9B | $500.3M | ||
| Q2 25 | $1.9B | $473.9M | ||
| Q1 25 | $1.4B | $475.7M | ||
| Q4 24 | $1.4B | $477.5M | ||
| Q3 24 | $1.4B | $429.3M | ||
| Q2 24 | $1.4B | $379.2M |
| Q1 26 | — | $983.7M | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.4B | $1.2B |
| Q1 26 | — | $3.1B | ||
| Q4 25 | $6.6B | — | ||
| Q3 25 | $6.4B | $3.4B | ||
| Q2 25 | $5.1B | $3.3B | ||
| Q1 25 | $4.6B | $3.3B | ||
| Q4 24 | $4.7B | $3.2B | ||
| Q3 24 | $4.7B | $3.1B | ||
| Q2 24 | $4.9B | $3.1B |
| Q1 26 | — | 0.02× | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.29× | 0.42× | ||
| Q2 25 | 0.88× | 0.40× | ||
| Q1 25 | 0.65× | 0.40× | ||
| Q4 24 | 0.62× | 0.40× | ||
| Q3 24 | 0.66× | 0.35× | ||
| Q2 24 | 0.59× | 0.31× |
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 | $222.1M |
| Free Cash FlowOCF − Capex | $159.4M | — |
| FCF MarginFCF / Revenue | 10.7% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | 1.69× | — |
| TTM Free Cash FlowTrailing 4 quarters | $696.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $222.1M | ||
| Q4 25 | $176.7M | — | ||
| Q3 25 | $233.3M | $17.3M | ||
| Q2 25 | $193.7M | $73.6M | ||
| Q1 25 | $152.6M | $58.9M | ||
| Q4 24 | $266.2M | $39.5M | ||
| Q3 24 | $240.7M | $23.0M | ||
| Q2 24 | $90.4M | $41.6M |
| Q1 26 | — | — | ||
| Q4 25 | $159.4M | — | ||
| Q3 25 | $216.2M | $-21.6M | ||
| Q2 25 | $182.2M | $14.4M | ||
| Q1 25 | $139.2M | $-1.5M | ||
| Q4 24 | $253.7M | $-19.6M | ||
| Q3 24 | $219.8M | $-19.3M | ||
| Q2 24 | $74.3M | $2.7M |
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | — | ||
| Q3 25 | 15.5% | -1.8% | ||
| Q2 25 | 14.0% | 1.2% | ||
| Q1 25 | 11.3% | -0.1% | ||
| Q4 24 | 19.3% | -1.8% | ||
| Q3 24 | 16.0% | -1.7% | ||
| Q2 24 | 5.4% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.2% | 3.3% | ||
| Q2 25 | 0.9% | 5.0% | ||
| Q1 25 | 1.1% | 5.4% | ||
| Q4 24 | 1.0% | 5.4% | ||
| Q3 24 | 1.5% | 3.8% | ||
| Q2 24 | 1.2% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.69× | — | ||
| Q3 25 | 1.64× | 1.49× | ||
| Q2 25 | 1.28× | 14.84× | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.77× | 17.09× | ||
| Q3 24 | 1.42× | 0.95× | ||
| Q2 24 | 0.60× | 2.97× |
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% |
GO
Segment breakdown not available.
