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Side-by-side financial comparison of TopBuild Corp (BLD) and RH (RH). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.5B vs $883.8M, roughly 1.7× RH). TopBuild Corp runs the higher net margin — 7.0% vs 4.1%, a 2.9% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs 8.9%). TopBuild Corp produced more free cash flow last quarter ($159.4M vs $83.0M). Over the past eight quarters, RH's revenue compounded faster (9.4% 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.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
BLD vs RH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $883.8M |
| Net Profit | $104.5M | $36.3M |
| Gross Margin | 27.2% | 44.1% |
| Operating Margin | 12.1% | 12.0% |
| Net Margin | 7.0% | 4.1% |
| Revenue YoY | 13.2% | 8.9% |
| Net Profit YoY | -30.6% | 9.3% |
| EPS (diluted) | $3.69 | $1.83 |
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 | $883.8M | ||
| Q3 25 | $1.4B | $899.2M | ||
| Q2 25 | $1.3B | $814.0M | ||
| Q1 25 | $1.2B | $812.4M | ||
| Q4 24 | $1.3B | $811.7M | ||
| Q3 24 | $1.4B | $829.7M | ||
| Q2 24 | $1.4B | $727.0M | ||
| Q1 24 | $1.3B | $738.3M |
| Q4 25 | $104.5M | $36.3M | ||
| Q3 25 | $142.2M | $51.7M | ||
| Q2 25 | $151.6M | $8.0M | ||
| Q1 25 | $123.4M | $13.9M | ||
| Q4 24 | $150.5M | $33.2M | ||
| Q3 24 | $169.0M | $29.0M | ||
| Q2 24 | $150.7M | $-3.6M | ||
| Q1 24 | $152.4M | $11.4M |
| Q4 25 | 27.2% | 44.1% | ||
| Q3 25 | 30.1% | 45.5% | ||
| Q2 25 | 30.4% | 43.7% | ||
| Q1 25 | 28.5% | 44.7% | ||
| Q4 24 | 29.9% | 44.5% | ||
| Q3 24 | 30.7% | 45.2% | ||
| Q2 24 | 31.0% | 43.5% | ||
| Q1 24 | 30.3% | 43.5% |
| Q4 25 | 12.1% | 12.0% | ||
| Q3 25 | 15.4% | 14.3% | ||
| Q2 25 | 16.9% | 6.9% | ||
| Q1 25 | 14.4% | 8.7% | ||
| Q4 24 | 16.6% | 12.5% | ||
| Q3 24 | 17.8% | 11.6% | ||
| Q2 24 | 15.4% | 7.5% | ||
| Q1 24 | 16.8% | 8.7% |
| Q4 25 | 7.0% | 4.1% | ||
| Q3 25 | 10.2% | 5.8% | ||
| Q2 25 | 11.7% | 1.0% | ||
| Q1 25 | 10.0% | 1.7% | ||
| Q4 24 | 11.5% | 4.1% | ||
| Q3 24 | 12.3% | 3.5% | ||
| Q2 24 | 11.0% | -0.5% | ||
| Q1 24 | 11.9% | 1.5% |
| Q4 25 | $3.69 | $1.83 | ||
| Q3 25 | $5.04 | $2.62 | ||
| Q2 25 | $5.32 | $0.40 | ||
| Q1 25 | $4.23 | $0.71 | ||
| Q4 24 | $5.07 | $1.66 | ||
| Q3 24 | $5.65 | $1.45 | ||
| Q2 24 | $4.78 | $-0.20 | ||
| Q1 24 | $4.79 | $0.91 |
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 | $43.1M |
| Total DebtLower is stronger | $2.8B | — |
| Stockholders' EquityBook value | $2.3B | $3.3M |
| Total Assets | $6.6B | $4.8B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.7M | $43.1M | ||
| Q3 25 | $1.1B | $34.6M | ||
| Q2 25 | $842.5M | $46.1M | ||
| Q1 25 | $308.8M | $30.4M | ||
| Q4 24 | $400.3M | $87.0M | ||
| Q3 24 | $257.3M | $78.3M | ||
| Q2 24 | $463.2M | $101.8M | ||
| Q1 24 | $968.8M | $123.7M |
| 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 | $3.3M | ||
| Q3 25 | $2.2B | $-40.9M | ||
| Q2 25 | $2.1B | $-110.8M | ||
| Q1 25 | $2.1B | $-163.6M | ||
| Q4 24 | $2.2B | $-183.0M | ||
| Q3 24 | $2.1B | $-234.7M | ||
| Q2 24 | $2.4B | $-289.9M | ||
| Q1 24 | $2.7B | $-297.4M |
| Q4 25 | $6.6B | $4.8B | ||
| Q3 25 | $6.4B | $4.7B | ||
| Q2 25 | $5.1B | $4.7B | ||
| Q1 25 | $4.6B | $4.6B | ||
| Q4 24 | $4.7B | $4.5B | ||
| Q3 24 | $4.7B | $4.4B | ||
| Q2 24 | $4.9B | $4.2B | ||
| Q1 24 | $5.3B | $4.1B |
| 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 | $131.9M |
| Free Cash FlowOCF − Capex | $159.4M | $83.0M |
| FCF MarginFCF / Revenue | 10.7% | 9.4% |
| Capex IntensityCapex / Revenue | 1.2% | 5.5% |
| Cash ConversionOCF / Net Profit | 1.69× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | $696.9M | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $176.7M | $131.9M | ||
| Q3 25 | $233.3M | $137.7M | ||
| Q2 25 | $193.7M | $86.6M | ||
| Q1 25 | $152.6M | $-18.8M | ||
| Q4 24 | $266.2M | $-31.4M | ||
| Q3 24 | $240.7M | $11.2M | ||
| Q2 24 | $90.4M | $56.1M | ||
| Q1 24 | $178.8M | $-114.0M |
| Q4 25 | $159.4M | $83.0M | ||
| Q3 25 | $216.2M | $80.7M | ||
| Q2 25 | $182.2M | $34.1M | ||
| Q1 25 | $139.2M | $-69.7M | ||
| Q4 24 | $253.7M | $-96.0M | ||
| Q3 24 | $219.8M | $-37.9M | ||
| Q2 24 | $74.3M | $-10.1M | ||
| Q1 24 | $158.9M | $-251.5M |
| Q4 25 | 10.7% | 9.4% | ||
| Q3 25 | 15.5% | 9.0% | ||
| Q2 25 | 14.0% | 4.2% | ||
| Q1 25 | 11.3% | -8.6% | ||
| Q4 24 | 19.3% | -11.8% | ||
| Q3 24 | 16.0% | -4.6% | ||
| Q2 24 | 5.4% | -1.4% | ||
| Q1 24 | 12.4% | -34.1% |
| Q4 25 | 1.2% | 5.5% | ||
| Q3 25 | 1.2% | 6.3% | ||
| Q2 25 | 0.9% | 6.5% | ||
| Q1 25 | 1.1% | 6.3% | ||
| Q4 24 | 1.0% | 8.0% | ||
| Q3 24 | 1.5% | 5.9% | ||
| Q2 24 | 1.2% | 9.1% | ||
| Q1 24 | 1.6% | 18.6% |
| Q4 25 | 1.69× | 3.64× | ||
| Q3 25 | 1.64× | 2.66× | ||
| Q2 25 | 1.28× | 10.78× | ||
| Q1 25 | 1.24× | -1.35× | ||
| Q4 24 | 1.77× | -0.95× | ||
| Q3 24 | 1.42× | 0.39× | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 1.17× | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
