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Side-by-side financial comparison of TopBuild Corp (BLD) and RESIDEO TECHNOLOGIES, INC. (REZI). Click either name above to swap in a different company.
RESIDEO TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($1.9B vs $1.5B, roughly 1.3× TopBuild Corp). RESIDEO TECHNOLOGIES, INC. runs the higher net margin — 7.2% vs 7.0%, a 0.1% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs 2.0%). RESIDEO TECHNOLOGIES, INC. produced more free cash flow last quarter ($262.0M vs $159.4M). Over the past eight quarters, RESIDEO TECHNOLOGIES, INC.'s revenue compounded faster (12.9% 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.
Resideo Technologies, Inc. is an American multinational company that was formed in 2018 out of a spin-off from Honeywell. It provides room air temperature, quality, and humidity control and security systems primarily in residential dwellings in the U.S. and internationally. The company operates in two segments: products and distribution. It manufactures and distributes smart-home and software products, including temperature and lighting control, security, and water and air monitoring. The com...
BLD vs REZI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.9B |
| Net Profit | $104.5M | $136.0M |
| Gross Margin | 27.2% | 29.6% |
| Operating Margin | 12.1% | 7.4% |
| Net Margin | 7.0% | 7.2% |
| Revenue YoY | 13.2% | 2.0% |
| Net Profit YoY | -30.6% | 491.3% |
| EPS (diluted) | $3.69 | $0.99 |
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 | $1.9B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.3B | $1.9B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.3B | $1.5B |
| Q4 25 | $104.5M | $136.0M | ||
| Q3 25 | $142.2M | $156.0M | ||
| Q2 25 | $151.6M | $-825.0M | ||
| Q1 25 | $123.4M | $6.0M | ||
| Q4 24 | $150.5M | $23.0M | ||
| Q3 24 | $169.0M | $20.0M | ||
| Q2 24 | $150.7M | $30.0M | ||
| Q1 24 | $152.4M | $43.0M |
| Q4 25 | 27.2% | 29.6% | ||
| Q3 25 | 30.1% | 29.8% | ||
| Q2 25 | 30.4% | 29.3% | ||
| Q1 25 | 28.5% | 28.9% | ||
| Q4 24 | 29.9% | 28.5% | ||
| Q3 24 | 30.7% | 28.7% | ||
| Q2 24 | 31.0% | 28.1% | ||
| Q1 24 | 30.3% | 26.9% |
| Q4 25 | 12.1% | 7.4% | ||
| Q3 25 | 15.4% | 8.3% | ||
| Q2 25 | 16.9% | 9.1% | ||
| Q1 25 | 14.4% | 7.7% | ||
| Q4 24 | 16.6% | 7.8% | ||
| Q3 24 | 17.8% | 6.9% | ||
| Q2 24 | 15.4% | 7.7% | ||
| Q1 24 | 16.8% | 8.6% |
| Q4 25 | 7.0% | 7.2% | ||
| Q3 25 | 10.2% | 8.4% | ||
| Q2 25 | 11.7% | -42.5% | ||
| Q1 25 | 10.0% | 0.3% | ||
| Q4 24 | 11.5% | 1.2% | ||
| Q3 24 | 12.3% | 1.1% | ||
| Q2 24 | 11.0% | 1.9% | ||
| Q1 24 | 11.9% | 2.9% |
| Q4 25 | $3.69 | $0.99 | ||
| Q3 25 | $5.04 | $0.85 | ||
| Q2 25 | $5.32 | $-5.59 | ||
| Q1 25 | $4.23 | $-0.02 | ||
| Q4 24 | $5.07 | $0.06 | ||
| Q3 24 | $5.65 | $0.07 | ||
| Q2 24 | $4.78 | $0.19 | ||
| Q1 24 | $4.79 | $0.29 |
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 | $661.0M |
| Total DebtLower is stronger | $2.8B | $3.2B |
| Stockholders' EquityBook value | $2.3B | $2.9B |
| Total Assets | $6.6B | $8.4B |
| Debt / EquityLower = less leverage | 1.23× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.7M | $661.0M | ||
| Q3 25 | $1.1B | $345.0M | ||
| Q2 25 | $842.5M | $753.0M | ||
| Q1 25 | $308.8M | $577.0M | ||
| Q4 24 | $400.3M | $692.0M | ||
| Q3 24 | $257.3M | $531.0M | ||
| Q2 24 | $463.2M | $413.0M | ||
| Q1 24 | $968.8M | $603.0M |
| Q4 25 | $2.8B | $3.2B | ||
| Q3 25 | $2.9B | $3.2B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.4B | $2.0B | ||
| Q4 24 | $1.4B | $2.0B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.4B | $1.4B |
| Q4 25 | $2.3B | $2.9B | ||
| Q3 25 | $2.2B | $2.8B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $2.1B | $3.3B | ||
| Q4 24 | $2.2B | $3.3B | ||
| Q3 24 | $2.1B | $3.4B | ||
| Q2 24 | $2.4B | $3.3B | ||
| Q1 24 | $2.7B | $2.8B |
| Q4 25 | $6.6B | $8.4B | ||
| Q3 25 | $6.4B | $8.2B | ||
| Q2 25 | $5.1B | $8.5B | ||
| Q1 25 | $4.6B | $8.1B | ||
| Q4 24 | $4.7B | $8.2B | ||
| Q3 24 | $4.7B | $8.1B | ||
| Q2 24 | $4.9B | $8.0B | ||
| Q1 24 | $5.3B | $6.5B |
| Q4 25 | 1.23× | 1.11× | ||
| Q3 25 | 1.29× | 1.17× | ||
| Q2 25 | 0.88× | 0.77× | ||
| Q1 25 | 0.65× | 0.60× | ||
| Q4 24 | 0.62× | 0.61× | ||
| Q3 24 | 0.66× | 0.60× | ||
| Q2 24 | 0.59× | 0.61× | ||
| Q1 24 | 0.52× | 0.51× |
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 | $299.0M |
| Free Cash FlowOCF − Capex | $159.4M | $262.0M |
| FCF MarginFCF / Revenue | 10.7% | 13.8% |
| Capex IntensityCapex / Revenue | 1.2% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.69× | 2.20× |
| TTM Free Cash FlowTrailing 4 quarters | $696.9M | $-1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $176.7M | $299.0M | ||
| Q3 25 | $233.3M | $-1.6B | ||
| Q2 25 | $193.7M | $200.0M | ||
| Q1 25 | $152.6M | $-65.0M | ||
| Q4 24 | $266.2M | $203.0M | ||
| Q3 24 | $240.7M | $147.0M | ||
| Q2 24 | $90.4M | $92.0M | ||
| Q1 24 | $178.8M | $2.0M |
| Q4 25 | $159.4M | $262.0M | ||
| Q3 25 | $216.2M | $-1.6B | ||
| Q2 25 | $182.2M | $180.0M | ||
| Q1 25 | $139.2M | $-96.0M | ||
| Q4 24 | $253.7M | $181.0M | ||
| Q3 24 | $219.8M | $125.0M | ||
| Q2 24 | $74.3M | $77.0M | ||
| Q1 24 | $158.9M | $-19.0M |
| Q4 25 | 10.7% | 13.8% | ||
| Q3 25 | 15.5% | -85.8% | ||
| Q2 25 | 14.0% | 9.3% | ||
| Q1 25 | 11.3% | -5.4% | ||
| Q4 24 | 19.3% | 9.7% | ||
| Q3 24 | 16.0% | 6.8% | ||
| Q2 24 | 5.4% | 4.8% | ||
| Q1 24 | 12.4% | -1.3% |
| Q4 25 | 1.2% | 2.0% | ||
| Q3 25 | 1.2% | 1.5% | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | 1.1% | 1.8% | ||
| Q4 24 | 1.0% | 1.2% | ||
| Q3 24 | 1.5% | 1.2% | ||
| Q2 24 | 1.2% | 0.9% | ||
| Q1 24 | 1.6% | 1.4% |
| Q4 25 | 1.69× | 2.20× | ||
| Q3 25 | 1.64× | -10.07× | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.24× | -10.83× | ||
| Q4 24 | 1.77× | 8.83× | ||
| Q3 24 | 1.42× | 7.35× | ||
| Q2 24 | 0.60× | 3.07× | ||
| Q1 24 | 1.17× | 0.05× |
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% |
REZI
| ADI Global Distribution Segment | $1.2B | 62% |
| Safety And Security | $257.0M | 14% |
| Air | $211.0M | 11% |
| Energy Service | $153.0M | 8% |
| Public Utilities Inventory Water | $91.0M | 5% |
