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Side-by-side financial comparison of TopBuild Corp (BLD) and Hyatt Hotels Corp (H). Click either name above to swap in a different company.
Hyatt Hotels Corp is the larger business by last-quarter revenue ($1.8B vs $1.5B, roughly 1.2× TopBuild Corp). TopBuild Corp runs the higher net margin — 7.0% vs -1.1%, a 8.2% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs 11.7%). Hyatt Hotels Corp produced more free cash flow last quarter ($236.0M vs $159.4M). Over the past eight quarters, TopBuild Corp's revenue compounded faster (7.8% CAGR vs 2.2%).
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.
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across North America, South America, Europe, Asia, Africa and Australia.
BLD vs H — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.8B |
| Net Profit | $104.5M | $-20.0M |
| Gross Margin | 27.2% | — |
| Operating Margin | 12.1% | 0.4% |
| Net Margin | 7.0% | -1.1% |
| Revenue YoY | 13.2% | 11.7% |
| Net Profit YoY | -30.6% | 64.3% |
| EPS (diluted) | $3.69 | $-0.20 |
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.
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.4B | $1.7B | ||
| Q1 24 | $1.3B | $1.7B |
| Q4 25 | $104.5M | $-20.0M | ||
| Q3 25 | $142.2M | $-49.0M | ||
| Q2 25 | $151.6M | $-3.0M | ||
| Q1 25 | $123.4M | $20.0M | ||
| Q4 24 | $150.5M | $-56.0M | ||
| Q3 24 | $169.0M | $471.0M | ||
| Q2 24 | $150.7M | $359.0M | ||
| Q1 24 | $152.4M | $522.0M |
| 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 24 | 30.3% | — |
| Q4 25 | 12.1% | 0.4% | ||
| Q3 25 | 15.4% | -1.0% | ||
| Q2 25 | 16.9% | 2.1% | ||
| Q1 25 | 14.4% | 3.0% | ||
| Q4 24 | 16.6% | -3.0% | ||
| Q3 24 | 17.8% | 37.3% | ||
| Q2 24 | 15.4% | 27.1% | ||
| Q1 24 | 16.8% | 31.6% |
| Q4 25 | 7.0% | -1.1% | ||
| Q3 25 | 10.2% | -2.7% | ||
| Q2 25 | 11.7% | -0.2% | ||
| Q1 25 | 10.0% | 1.2% | ||
| Q4 24 | 11.5% | -3.5% | ||
| Q3 24 | 12.3% | 28.9% | ||
| Q2 24 | 11.0% | 21.1% | ||
| Q1 24 | 11.9% | 30.5% |
| Q4 25 | $3.69 | $-0.20 | ||
| Q3 25 | $5.04 | $-0.51 | ||
| Q2 25 | $5.32 | $-0.03 | ||
| Q1 25 | $4.23 | $0.19 | ||
| Q4 24 | $5.07 | $-0.37 | ||
| Q3 24 | $5.65 | $4.63 | ||
| Q2 24 | $4.78 | $3.46 | ||
| Q1 24 | $4.79 | $4.93 |
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 | $813.0M |
| Total DebtLower is stronger | $2.8B | — |
| Stockholders' EquityBook value | $2.3B | $3.3B |
| Total Assets | $6.6B | $14.0B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.7M | $813.0M | ||
| Q3 25 | $1.1B | $749.0M | ||
| Q2 25 | $842.5M | $912.0M | ||
| Q1 25 | $308.8M | $1.8B | ||
| Q4 24 | $400.3M | $1.4B | ||
| Q3 24 | $257.3M | $1.1B | ||
| Q2 24 | $463.2M | $2.0B | ||
| Q1 24 | $968.8M | $794.0M |
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.9B | $6.0B | ||
| Q2 25 | $1.9B | $6.0B | ||
| Q1 25 | $1.4B | $4.3B | ||
| Q4 24 | $1.4B | $3.8B | ||
| Q3 24 | $1.4B | $3.1B | ||
| Q2 24 | $1.4B | $3.9B | ||
| Q1 24 | $1.4B | $3.1B |
| Q4 25 | $2.3B | $3.3B | ||
| Q3 25 | $2.2B | $3.5B | ||
| Q2 25 | $2.1B | $3.6B | ||
| Q1 25 | $2.1B | $3.5B | ||
| Q4 24 | $2.2B | $3.5B | ||
| Q3 24 | $2.1B | $3.7B | ||
| Q2 24 | $2.4B | $3.9B | ||
| Q1 24 | $2.7B | $3.7B |
| Q4 25 | $6.6B | $14.0B | ||
| Q3 25 | $6.4B | $15.7B | ||
| Q2 25 | $5.1B | $15.9B | ||
| Q1 25 | $4.6B | $14.0B | ||
| Q4 24 | $4.7B | $13.3B | ||
| Q3 24 | $4.7B | $11.9B | ||
| Q2 24 | $4.9B | $12.8B | ||
| Q1 24 | $5.3B | $11.7B |
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.29× | 1.73× | ||
| Q2 25 | 0.88× | 1.69× | ||
| Q1 25 | 0.65× | 1.25× | ||
| Q4 24 | 0.62× | 1.07× | ||
| Q3 24 | 0.66× | 0.85× | ||
| Q2 24 | 0.59× | 1.01× | ||
| Q1 24 | 0.52× | 0.84× |
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 | $313.0M |
| Free Cash FlowOCF − Capex | $159.4M | $236.0M |
| FCF MarginFCF / Revenue | 10.7% | 13.2% |
| Capex IntensityCapex / Revenue | 1.2% | 4.3% |
| Cash ConversionOCF / Net Profit | 1.69× | — |
| TTM Free Cash FlowTrailing 4 quarters | $696.9M | $159.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $176.7M | $313.0M | ||
| Q3 25 | $233.3M | $-20.0M | ||
| Q2 25 | $193.7M | $-67.0M | ||
| Q1 25 | $152.6M | $153.0M | ||
| Q4 24 | $266.2M | $235.0M | ||
| Q3 24 | $240.7M | $-21.0M | ||
| Q2 24 | $90.4M | $177.0M | ||
| Q1 24 | $178.8M | $242.0M |
| Q4 25 | $159.4M | $236.0M | ||
| Q3 25 | $216.2M | $-89.0M | ||
| Q2 25 | $182.2M | $-111.0M | ||
| Q1 25 | $139.2M | $123.0M | ||
| Q4 24 | $253.7M | $184.0M | ||
| Q3 24 | $219.8M | $-64.0M | ||
| Q2 24 | $74.3M | $135.0M | ||
| Q1 24 | $158.9M | $208.0M |
| Q4 25 | 10.7% | 13.2% | ||
| Q3 25 | 15.5% | -5.0% | ||
| Q2 25 | 14.0% | -6.1% | ||
| Q1 25 | 11.3% | 7.2% | ||
| Q4 24 | 19.3% | 11.5% | ||
| Q3 24 | 16.0% | -3.9% | ||
| Q2 24 | 5.4% | 7.9% | ||
| Q1 24 | 12.4% | 12.1% |
| Q4 25 | 1.2% | 4.3% | ||
| Q3 25 | 1.2% | 3.9% | ||
| Q2 25 | 0.9% | 2.4% | ||
| Q1 25 | 1.1% | 1.7% | ||
| Q4 24 | 1.0% | 3.2% | ||
| Q3 24 | 1.5% | 2.6% | ||
| Q2 24 | 1.2% | 2.5% | ||
| Q1 24 | 1.6% | 2.0% |
| Q4 25 | 1.69× | — | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.24× | 7.65× | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.42× | -0.04× | ||
| Q2 24 | 0.60× | 0.49× | ||
| Q1 24 | 1.17× | 0.46× |
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% |
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
