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Side-by-side financial comparison of TopBuild Corp (BLD) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× Lineage, Inc.). TopBuild Corp runs the higher net margin — 7.0% vs -7.3%, a 14.3% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs 3.1%). TopBuild Corp produced more free cash flow last quarter ($159.4M vs $35.0M).
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
BLD vs LINE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.4B |
| Net Profit | $104.5M | $-100.0M |
| Gross Margin | 27.2% | 32.3% |
| Operating Margin | 12.1% | 2.5% |
| Net Margin | 7.0% | -7.3% |
| Revenue YoY | 13.2% | 3.1% |
| Net Profit YoY | -30.6% | 79.4% |
| EPS (diluted) | $3.69 | $-0.44 |
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 | — | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.3B | $1.3B |
| Q4 25 | $104.5M | — | ||
| Q3 25 | $142.2M | $-100.0M | ||
| Q2 25 | $151.6M | $-6.0M | ||
| Q1 25 | $123.4M | $0 | ||
| Q4 24 | $150.5M | $-71.0M | ||
| Q3 24 | $169.0M | $-485.0M | ||
| Q2 24 | $150.7M | $-68.0M | ||
| Q1 24 | $152.4M | $-40.0M |
| Q4 25 | 27.2% | — | ||
| Q3 25 | 30.1% | 32.3% | ||
| Q2 25 | 30.4% | 31.9% | ||
| Q1 25 | 28.5% | 32.2% | ||
| Q4 24 | 29.9% | 32.3% | ||
| Q3 24 | 30.7% | 32.8% | ||
| Q2 24 | 31.0% | 33.4% | ||
| Q1 24 | 30.3% | 33.4% |
| Q4 25 | 12.1% | — | ||
| Q3 25 | 15.4% | 2.5% | ||
| Q2 25 | 16.9% | 1.7% | ||
| Q1 25 | 14.4% | 4.3% | ||
| Q4 24 | 16.6% | -1.6% | ||
| Q3 24 | 17.8% | -38.6% | ||
| Q2 24 | 15.4% | 5.5% | ||
| Q1 24 | 16.8% | 7.6% |
| Q4 25 | 7.0% | — | ||
| Q3 25 | 10.2% | -7.3% | ||
| Q2 25 | 11.7% | -0.4% | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 11.5% | -5.3% | ||
| Q3 24 | 12.3% | -36.3% | ||
| Q2 24 | 11.0% | -5.1% | ||
| Q1 24 | 11.9% | -3.0% |
| Q4 25 | $3.69 | — | ||
| Q3 25 | $5.04 | $-0.44 | ||
| Q2 25 | $5.32 | $-0.03 | ||
| Q1 25 | $4.23 | $0.01 | ||
| Q4 24 | $5.07 | $-0.52 | ||
| Q3 24 | $5.65 | $-2.44 | ||
| Q2 24 | $4.78 | $-0.46 | ||
| Q1 24 | $4.79 | $-0.28 |
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 | — |
| Total DebtLower is stronger | $2.8B | — |
| Stockholders' EquityBook value | $2.3B | $8.4B |
| Total Assets | $6.6B | $19.2B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.7M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $842.5M | — | ||
| Q1 25 | $308.8M | — | ||
| Q4 24 | $400.3M | $173.0M | ||
| Q3 24 | $257.3M | $409.0M | ||
| Q2 24 | $463.2M | $73.0M | ||
| Q1 24 | $968.8M | — |
| 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 | — |
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | $8.4B | ||
| Q2 25 | $2.1B | $8.6B | ||
| Q1 25 | $2.1B | $8.6B | ||
| Q4 24 | $2.2B | $8.6B | ||
| Q3 24 | $2.1B | $9.0B | ||
| Q2 24 | $2.4B | $4.9B | ||
| Q1 24 | $2.7B | $5.6B |
| Q4 25 | $6.6B | — | ||
| Q3 25 | $6.4B | $19.2B | ||
| Q2 25 | $5.1B | $19.4B | ||
| Q1 25 | $4.6B | $18.8B | ||
| Q4 24 | $4.7B | $18.7B | ||
| Q3 24 | $4.7B | $19.3B | ||
| Q2 24 | $4.9B | $18.8B | ||
| Q1 24 | $5.3B | — |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $176.7M | $230.0M |
| Free Cash FlowOCF − Capex | $159.4M | $35.0M |
| FCF MarginFCF / Revenue | 10.7% | 2.5% |
| Capex IntensityCapex / Revenue | 1.2% | 14.2% |
| Cash ConversionOCF / Net Profit | 1.69× | — |
| TTM Free Cash FlowTrailing 4 quarters | $696.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $176.7M | — | ||
| Q3 25 | $233.3M | $230.0M | ||
| Q2 25 | $193.7M | $258.0M | ||
| Q1 25 | $152.6M | $139.0M | ||
| Q4 24 | $266.2M | — | ||
| Q3 24 | $240.7M | $186.0M | ||
| Q2 24 | $90.4M | $155.0M | ||
| Q1 24 | $178.8M | $105.0M |
| Q4 25 | $159.4M | — | ||
| Q3 25 | $216.2M | $35.0M | ||
| Q2 25 | $182.2M | $95.0M | ||
| Q1 25 | $139.2M | $-12.0M | ||
| Q4 24 | $253.7M | — | ||
| Q3 24 | $219.8M | $33.0M | ||
| Q2 24 | $74.3M | $-31.0M | ||
| Q1 24 | $158.9M | $-42.0M |
| Q4 25 | 10.7% | — | ||
| Q3 25 | 15.5% | 2.5% | ||
| Q2 25 | 14.0% | 7.0% | ||
| Q1 25 | 11.3% | -0.9% | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 16.0% | 2.5% | ||
| Q2 24 | 5.4% | -2.3% | ||
| Q1 24 | 12.4% | -3.2% |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.2% | 14.2% | ||
| Q2 25 | 0.9% | 12.1% | ||
| Q1 25 | 1.1% | 11.7% | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 1.5% | 11.5% | ||
| Q2 24 | 1.2% | 13.9% | ||
| Q1 24 | 1.6% | 11.1% |
| Q4 25 | 1.69× | — | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 1.17× | — |
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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
