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Side-by-side financial comparison of TopBuild Corp (BLD) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.4B vs $939.4M, roughly 1.5× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs 7.2%, a 16.1% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (17.2% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% 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.
New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.
BLD vs NJR — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $939.4M |
| Net Profit | $104.8M | $218.9M |
| Gross Margin | 27.7% | — |
| Operating Margin | 12.1% | 32.0% |
| Net Margin | 7.2% | 23.3% |
| Revenue YoY | 17.2% | -33.0% |
| Net Profit YoY | -15.1% | 7.2% |
| EPS (diluted) | $3.73 | $2.16 |
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 | $939.4M | ||
| Q4 25 | $1.5B | $440.9M | ||
| Q3 25 | $1.4B | $188.3M | ||
| Q2 25 | $1.3B | $234.8M | ||
| Q1 25 | $1.2B | $569.2M | ||
| Q4 24 | $1.3B | $359.0M | ||
| Q3 24 | $1.4B | $265.7M | ||
| Q2 24 | $1.4B | $209.9M |
| Q1 26 | $104.8M | $218.9M | ||
| Q4 25 | $104.5M | $122.5M | ||
| Q3 25 | $142.2M | $15.1M | ||
| Q2 25 | $151.6M | $-15.1M | ||
| Q1 25 | $123.4M | $204.3M | ||
| Q4 24 | $150.5M | $131.3M | ||
| Q3 24 | $169.0M | $91.1M | ||
| Q2 24 | $150.7M | $-11.6M |
| 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% | 32.0% | ||
| Q4 25 | 12.1% | 40.6% | ||
| Q3 25 | 15.4% | 21.5% | ||
| Q2 25 | 16.9% | -0.5% | ||
| Q1 25 | 14.4% | 49.2% | ||
| Q4 24 | 16.6% | 52.8% | ||
| Q3 24 | 17.8% | 55.0% | ||
| Q2 24 | 15.4% | 2.8% |
| Q1 26 | 7.2% | 23.3% | ||
| Q4 25 | 7.0% | 27.8% | ||
| Q3 25 | 10.2% | 8.0% | ||
| Q2 25 | 11.7% | -6.4% | ||
| Q1 25 | 10.0% | 35.9% | ||
| Q4 24 | 11.5% | 36.6% | ||
| Q3 24 | 12.3% | 34.3% | ||
| Q2 24 | 11.0% | -5.5% |
| Q1 26 | $3.73 | $2.16 | ||
| Q4 25 | $3.69 | $1.21 | ||
| Q3 25 | $5.04 | $0.15 | ||
| Q2 25 | $5.32 | $-0.15 | ||
| Q1 25 | $4.23 | $2.02 | ||
| Q4 24 | $5.07 | $1.31 | ||
| Q3 24 | $5.65 | $0.91 | ||
| Q2 24 | $4.78 | $-0.12 |
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 | — |
| Total Assets | $6.7B | — |
| Debt / EquityLower = less leverage | 1.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $268.8M | — | ||
| Q4 25 | $184.7M | $2.4M | ||
| Q3 25 | $1.1B | $591.0K | ||
| Q2 25 | $842.5M | $931.0K | ||
| Q1 25 | $308.8M | $83.7M | ||
| Q4 24 | $400.3M | $1.9M | ||
| Q3 24 | $257.3M | $1.0M | ||
| Q2 24 | $463.2M | $22.4M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $3.3B | ||
| Q3 25 | $2.9B | $3.3B | ||
| Q2 25 | $1.9B | $3.0B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.4B | $3.0B | ||
| Q3 24 | $1.4B | $2.9B | ||
| Q2 24 | $1.4B | $2.8B |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $2.5B | ||
| Q3 25 | $2.2B | $2.4B | ||
| Q2 25 | $2.1B | $2.4B | ||
| Q1 25 | $2.1B | $2.5B | ||
| Q4 24 | $2.2B | $2.3B | ||
| Q3 24 | $2.1B | $2.2B | ||
| Q2 24 | $2.4B | $2.1B |
| Q1 26 | $6.7B | — | ||
| Q4 25 | $6.6B | $7.9B | ||
| Q3 25 | $6.4B | $7.6B | ||
| Q2 25 | $5.1B | $7.3B | ||
| Q1 25 | $4.6B | $7.3B | ||
| Q4 24 | $4.7B | $7.2B | ||
| Q3 24 | $4.7B | $7.0B | ||
| Q2 24 | $4.9B | $6.8B |
| Q1 26 | 1.18× | — | ||
| Q4 25 | 1.23× | 1.32× | ||
| Q3 25 | 1.29× | 1.36× | ||
| Q2 25 | 0.88× | 1.25× | ||
| Q1 25 | 0.65× | 1.20× | ||
| Q4 24 | 0.62× | 1.29× | ||
| Q3 24 | 0.66× | 1.31× | ||
| Q2 24 | 0.59× | 1.30× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $160.7M | — | ||
| Q4 25 | $176.7M | $26.7M | ||
| Q3 25 | $233.3M | $81.2M | ||
| Q2 25 | $193.7M | $-28.9M | ||
| Q1 25 | $152.6M | $423.0M | ||
| Q4 24 | $266.2M | $-9.0M | ||
| Q3 24 | $240.7M | $64.5M | ||
| Q2 24 | $90.4M | $24.3M |
| Q1 26 | — | — | ||
| Q4 25 | $159.4M | — | ||
| Q3 25 | $216.2M | — | ||
| Q2 25 | $182.2M | — | ||
| Q1 25 | $139.2M | — | ||
| Q4 24 | $253.7M | — | ||
| Q3 24 | $219.8M | — | ||
| Q2 24 | $74.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | — | ||
| Q3 25 | 15.5% | — | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 11.3% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 16.0% | — | ||
| Q2 24 | 5.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.2% | — |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.69× | 0.22× | ||
| Q3 25 | 1.64× | 5.39× | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.24× | 2.07× | ||
| Q4 24 | 1.77× | -0.07× | ||
| Q3 24 | 1.42× | 0.71× | ||
| 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% |
NJR
| Utility | $640.9M | 68% |
| Nonutility | $298.5M | 32% |
