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Side-by-side financial comparison of TopBuild Corp (BLD) and OLD REPUBLIC INTERNATIONAL CORP (ORI). Click either name above to swap in a different company.
OLD REPUBLIC INTERNATIONAL CORP is the larger business by last-quarter revenue ($2.4B vs $1.5B, roughly 1.6× TopBuild Corp). OLD REPUBLIC INTERNATIONAL CORP runs the higher net margin — 13.8% vs 7.0%, a 6.7% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs 6.7%). Over the past eight quarters, OLD REPUBLIC INTERNATIONAL CORP's revenue compounded faster (13.2% 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.
Old Republic International Corporation is an American property insurance and title insurance company. The company is headquartered in Chicago, Illinois.
BLD vs ORI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $2.4B |
| Net Profit | $104.5M | $330.0M |
| Gross Margin | 27.2% | — |
| Operating Margin | 12.1% | — |
| Net Margin | 7.0% | 13.8% |
| Revenue YoY | 13.2% | 6.7% |
| Net Profit YoY | -30.6% | 34.7% |
| EPS (diluted) | $3.69 | — |
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 | — | $2.4B | ||
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.4B | $2.4B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.4B | $1.9B |
| Q1 26 | — | $330.0M | ||
| Q4 25 | $104.5M | $206.5M | ||
| Q3 25 | $142.2M | $279.5M | ||
| Q2 25 | $151.6M | $204.4M | ||
| Q1 25 | $123.4M | $245.0M | ||
| Q4 24 | $150.5M | $105.3M | ||
| Q3 24 | $169.0M | $338.9M | ||
| Q2 24 | $150.7M | $91.8M |
| Q1 26 | — | — | ||
| 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 | — | — | ||
| Q4 25 | 12.1% | — | ||
| Q3 25 | 15.4% | 14.6% | ||
| Q2 25 | 16.9% | 11.8% | ||
| Q1 25 | 14.4% | 14.6% | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 17.8% | 18.2% | ||
| Q2 24 | 15.4% | 6.1% |
| Q1 26 | — | 13.8% | ||
| Q4 25 | 7.0% | 8.6% | ||
| Q3 25 | 10.2% | 11.5% | ||
| Q2 25 | 11.7% | 9.3% | ||
| Q1 25 | 10.0% | 11.6% | ||
| Q4 24 | 11.5% | 5.3% | ||
| Q3 24 | 12.3% | 14.5% | ||
| Q2 24 | 11.0% | 4.9% |
| Q1 26 | — | — | ||
| Q4 25 | $3.69 | $0.82 | ||
| Q3 25 | $5.04 | $1.11 | ||
| Q2 25 | $5.32 | $0.81 | ||
| Q1 25 | $4.23 | $0.98 | ||
| Q4 24 | $5.07 | $0.42 | ||
| Q3 24 | $5.65 | $1.32 | ||
| Q2 24 | $4.78 | $0.35 |
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 | $5.9M |
| Total Assets | $6.6B | $29.6M |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $184.7M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $842.5M | — | ||
| Q1 25 | $308.8M | — | ||
| Q4 24 | $400.3M | — | ||
| Q3 24 | $257.3M | — | ||
| Q2 24 | $463.2M | — |
| Q1 26 | — | — | ||
| 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 26 | — | $5.9M | ||
| Q4 25 | $2.3B | $5.9B | ||
| Q3 25 | $2.2B | $6.4B | ||
| Q2 25 | $2.1B | $6.2B | ||
| Q1 25 | $2.1B | $5.9B | ||
| Q4 24 | $2.2B | $5.6B | ||
| Q3 24 | $2.1B | $6.4B | ||
| Q2 24 | $2.4B | $6.0B |
| Q1 26 | — | $29.6M | ||
| Q4 25 | $6.6B | $29.9B | ||
| Q3 25 | $6.4B | $30.3B | ||
| Q2 25 | $5.1B | $29.3B | ||
| Q1 25 | $4.6B | $28.0B | ||
| Q4 24 | $4.7B | $27.8B | ||
| Q3 24 | $4.7B | $28.8B | ||
| Q2 24 | $4.9B | $27.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 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 | — | — | ||
| Q4 25 | $176.7M | $234.9M | ||
| Q3 25 | $233.3M | $563.9M | ||
| Q2 25 | $193.7M | $133.8M | ||
| Q1 25 | $152.6M | $231.7M | ||
| Q4 24 | $266.2M | $361.7M | ||
| Q3 24 | $240.7M | $474.8M | ||
| Q2 24 | $90.4M | $236.5M |
| 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 | — | — | ||
| Q4 25 | 1.69× | 1.14× | ||
| Q3 25 | 1.64× | 2.02× | ||
| Q2 25 | 1.28× | 0.65× | ||
| Q1 25 | 1.24× | 0.95× | ||
| Q4 24 | 1.77× | 3.43× | ||
| Q3 24 | 1.42× | 1.40× | ||
| Q2 24 | 0.60× | 2.58× |
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% |
ORI
| operating | $2.2B | 92% |
| Other | $201.8M | 8% |
