vs
Side-by-side financial comparison of TopBuild Corp (BLD) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.1× PACS Group, Inc.). TopBuild Corp runs the higher net margin — 7.2% vs 4.4%, a 2.9% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 17.2%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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.
BLD vs PACS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.4B |
| Net Profit | $104.8M | $59.7M |
| Gross Margin | 27.7% | — |
| Operating Margin | 12.1% | 7.0% |
| Net Margin | 7.2% | 4.4% |
| Revenue YoY | 17.2% | 18.4% |
| Net Profit YoY | -15.1% | 3022.5% |
| EPS (diluted) | $3.73 | $0.42 |
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 | — | ||
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.4B | $981.4M |
| Q1 26 | $104.8M | — | ||
| Q4 25 | $104.5M | $59.7M | ||
| Q3 25 | $142.2M | $52.4M | ||
| Q2 25 | $151.6M | $51.0M | ||
| Q1 25 | $123.4M | $28.5M | ||
| Q4 24 | $150.5M | $1.9M | ||
| Q3 24 | $169.0M | $15.6M | ||
| Q2 24 | $150.7M | $-10.9M |
| 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% | 17.1% | ||
| Q2 24 | 31.0% | 22.3% |
| Q1 26 | 12.1% | — | ||
| Q4 25 | 12.1% | 7.0% | ||
| Q3 25 | 15.4% | 6.4% | ||
| Q2 25 | 16.9% | 6.2% | ||
| Q1 25 | 14.4% | 3.8% | ||
| Q4 24 | 16.6% | 1.7% | ||
| Q3 24 | 17.8% | 2.2% | ||
| Q2 24 | 15.4% | 0.1% |
| Q1 26 | 7.2% | — | ||
| Q4 25 | 7.0% | 4.4% | ||
| Q3 25 | 10.2% | 3.9% | ||
| Q2 25 | 11.7% | 3.9% | ||
| Q1 25 | 10.0% | 2.2% | ||
| Q4 24 | 11.5% | 0.2% | ||
| Q3 24 | 12.3% | 1.5% | ||
| Q2 24 | 11.0% | -1.1% |
| Q1 26 | $3.73 | — | ||
| Q4 25 | $3.69 | $0.42 | ||
| Q3 25 | $5.04 | $0.32 | ||
| Q2 25 | $5.32 | $0.31 | ||
| Q1 25 | $4.23 | $0.17 | ||
| Q4 24 | $5.07 | $-0.03 | ||
| Q3 24 | $5.65 | $0.10 | ||
| Q2 24 | $4.78 | $-0.07 |
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 | $197.0M |
| Total DebtLower is stronger | $2.8B | $353.2M |
| Stockholders' EquityBook value | $2.4B | $946.8M |
| Total Assets | $6.7B | $5.6B |
| Debt / EquityLower = less leverage | 1.18× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $268.8M | — | ||
| Q4 25 | $184.7M | $197.0M | ||
| Q3 25 | $1.1B | $355.7M | ||
| Q2 25 | $842.5M | $294.2M | ||
| Q1 25 | $308.8M | $287.5M | ||
| Q4 24 | $400.3M | $157.7M | ||
| Q3 24 | $257.3M | $49.5M | ||
| Q2 24 | $463.2M | $73.4M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $353.2M | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $411.9M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $946.8M | ||
| Q3 25 | $2.2B | $871.3M | ||
| Q2 25 | $2.1B | $806.8M | ||
| Q1 25 | $2.1B | $750.2M | ||
| Q4 24 | $2.2B | $709.6M | ||
| Q3 24 | $2.1B | $660.0M | ||
| Q2 24 | $2.4B | $572.1M |
| Q1 26 | $6.7B | — | ||
| Q4 25 | $6.6B | $5.6B | ||
| Q3 25 | $6.4B | $5.6B | ||
| Q2 25 | $5.1B | $5.5B | ||
| Q1 25 | $4.6B | $5.5B | ||
| Q4 24 | $4.7B | $5.2B | ||
| Q3 24 | $4.7B | $4.5B | ||
| Q2 24 | $4.9B | $3.9B |
| Q1 26 | 1.18× | — | ||
| Q4 25 | 1.23× | 0.37× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.62× | 0.58× | ||
| 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 | $160.7M | $-3.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.53× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $160.7M | — | ||
| Q4 25 | $176.7M | $-3.4M | ||
| Q3 25 | $233.3M | $204.8M | ||
| Q2 25 | $193.7M | $52.6M | ||
| Q1 25 | $152.6M | $150.2M | ||
| Q4 24 | $266.2M | $64.6M | ||
| Q3 24 | $240.7M | $209.2M | ||
| Q2 24 | $90.4M | $34.8M |
| 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× | -0.06× | ||
| Q3 25 | 1.64× | 3.91× | ||
| Q2 25 | 1.28× | 1.03× | ||
| Q1 25 | 1.24× | 5.28× | ||
| Q4 24 | 1.77× | 33.78× | ||
| Q3 24 | 1.42× | 13.39× | ||
| 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% |
PACS
Segment breakdown not available.
