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Side-by-side financial comparison of TopBuild Corp (BLD) and Nextpower Inc. (NXT). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.5B vs $909.4M, roughly 1.6× Nextpower Inc.). Nextpower Inc. runs the higher net margin — 14.4% vs 7.0%, a 7.4% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs 13.2%). TopBuild Corp produced more free cash flow last quarter ($159.4M vs $118.5M). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% 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.
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
BLD vs NXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $909.4M |
| Net Profit | $104.5M | $131.2M |
| Gross Margin | 27.2% | 31.7% |
| Operating Margin | 12.1% | 19.4% |
| Net Margin | 7.0% | 14.4% |
| Revenue YoY | 13.2% | 33.9% |
| Net Profit YoY | -30.6% | 13.8% |
| EPS (diluted) | $3.69 | $0.85 |
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 | $909.4M | ||
| Q3 25 | $1.4B | $905.3M | ||
| Q2 25 | $1.3B | $864.3M | ||
| Q1 25 | $1.2B | $924.3M | ||
| Q4 24 | $1.3B | $679.4M | ||
| Q3 24 | $1.4B | $635.6M | ||
| Q2 24 | $1.4B | $719.9M | ||
| Q1 24 | $1.3B | $736.5M |
| Q4 25 | $104.5M | $131.2M | ||
| Q3 25 | $142.2M | $146.9M | ||
| Q2 25 | $151.6M | $157.2M | ||
| Q1 25 | $123.4M | $156.8M | ||
| Q4 24 | $150.5M | $115.3M | ||
| Q3 24 | $169.0M | $115.4M | ||
| Q2 24 | $150.7M | $121.7M | ||
| Q1 24 | $152.4M | $205.2M |
| Q4 25 | 27.2% | 31.7% | ||
| Q3 25 | 30.1% | 32.4% | ||
| Q2 25 | 30.4% | 32.6% | ||
| Q1 25 | 28.5% | 33.1% | ||
| Q4 24 | 29.9% | 35.5% | ||
| Q3 24 | 30.7% | 35.4% | ||
| Q2 24 | 31.0% | 33.0% | ||
| Q1 24 | 30.3% | 46.2% |
| Q4 25 | 12.1% | 19.4% | ||
| Q3 25 | 15.4% | 20.0% | ||
| Q2 25 | 16.9% | 21.5% | ||
| Q1 25 | 14.4% | 21.1% | ||
| Q4 24 | 16.6% | 22.1% | ||
| Q3 24 | 17.8% | 21.0% | ||
| Q2 24 | 15.4% | 22.2% | ||
| Q1 24 | 16.8% | 36.8% |
| Q4 25 | 7.0% | 14.4% | ||
| Q3 25 | 10.2% | 16.2% | ||
| Q2 25 | 11.7% | 18.2% | ||
| Q1 25 | 10.0% | 17.0% | ||
| Q4 24 | 11.5% | 17.0% | ||
| Q3 24 | 12.3% | 18.2% | ||
| Q2 24 | 11.0% | 16.9% | ||
| Q1 24 | 11.9% | 27.9% |
| Q4 25 | $3.69 | $0.85 | ||
| Q3 25 | $5.04 | $0.97 | ||
| Q2 25 | $5.32 | $1.04 | ||
| Q1 25 | $4.23 | $1.05 | ||
| Q4 24 | $5.07 | $0.79 | ||
| Q3 24 | $5.65 | $0.79 | ||
| Q2 24 | $4.78 | $0.84 | ||
| Q1 24 | $4.79 | $1.52 |
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 | $952.6M |
| Total DebtLower is stronger | $2.8B | — |
| Stockholders' EquityBook value | $2.3B | $2.2B |
| Total Assets | $6.6B | $3.8B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.7M | $952.6M | ||
| Q3 25 | $1.1B | $845.3M | ||
| Q2 25 | $842.5M | $743.4M | ||
| Q1 25 | $308.8M | $766.1M | ||
| Q4 24 | $400.3M | $693.5M | ||
| Q3 24 | $257.3M | $561.9M | ||
| Q2 24 | $463.2M | $471.9M | ||
| Q1 24 | $968.8M | $474.1M |
| 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 | $2.2B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.2B | $1.4B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $2.4B | $1.1B | ||
| Q1 24 | $2.7B | $961.0M |
| Q4 25 | $6.6B | $3.8B | ||
| Q3 25 | $6.4B | $3.7B | ||
| Q2 25 | $5.1B | $3.4B | ||
| Q1 25 | $4.6B | $3.2B | ||
| Q4 24 | $4.7B | $3.0B | ||
| Q3 24 | $4.7B | $2.8B | ||
| Q2 24 | $4.9B | $2.6B | ||
| Q1 24 | $5.3B | $2.5B |
| 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 | $123.3M |
| Free Cash FlowOCF − Capex | $159.4M | $118.5M |
| FCF MarginFCF / Revenue | 10.7% | 13.0% |
| Capex IntensityCapex / Revenue | 1.2% | 0.5% |
| Cash ConversionOCF / Net Profit | 1.69× | 0.94× |
| TTM Free Cash FlowTrailing 4 quarters | $696.9M | $587.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $176.7M | $123.3M | ||
| Q3 25 | $233.3M | $186.9M | ||
| Q2 25 | $193.7M | $81.3M | ||
| Q1 25 | $152.6M | $237.3M | ||
| Q4 24 | $266.2M | $143.8M | ||
| Q3 24 | $240.7M | $153.8M | ||
| Q2 24 | $90.4M | $120.8M | ||
| Q1 24 | $178.8M | $111.5M |
| Q4 25 | $159.4M | $118.5M | ||
| Q3 25 | $216.2M | $171.4M | ||
| Q2 25 | $182.2M | $70.1M | ||
| Q1 25 | $139.2M | $227.2M | ||
| Q4 24 | $253.7M | $134.9M | ||
| Q3 24 | $219.8M | $141.8M | ||
| Q2 24 | $74.3M | $118.0M | ||
| Q1 24 | $158.9M | $109.2M |
| Q4 25 | 10.7% | 13.0% | ||
| Q3 25 | 15.5% | 18.9% | ||
| Q2 25 | 14.0% | 8.1% | ||
| Q1 25 | 11.3% | 24.6% | ||
| Q4 24 | 19.3% | 19.9% | ||
| Q3 24 | 16.0% | 22.3% | ||
| Q2 24 | 5.4% | 16.4% | ||
| Q1 24 | 12.4% | 14.8% |
| Q4 25 | 1.2% | 0.5% | ||
| Q3 25 | 1.2% | 1.7% | ||
| Q2 25 | 0.9% | 1.3% | ||
| Q1 25 | 1.1% | 1.1% | ||
| Q4 24 | 1.0% | 1.3% | ||
| Q3 24 | 1.5% | 1.9% | ||
| Q2 24 | 1.2% | 0.4% | ||
| Q1 24 | 1.6% | 0.3% |
| Q4 25 | 1.69× | 0.94× | ||
| Q3 25 | 1.64× | 1.27× | ||
| Q2 25 | 1.28× | 0.52× | ||
| Q1 25 | 1.24× | 1.51× | ||
| Q4 24 | 1.77× | 1.25× | ||
| Q3 24 | 1.42× | 1.33× | ||
| Q2 24 | 0.60× | 0.99× | ||
| Q1 24 | 1.17× | 0.54× |
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% |
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
