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Side-by-side financial comparison of TopBuild Corp (BLD) and Sally Beauty Holdings, Inc. (SBH). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.4B vs $943.2M, roughly 1.5× Sally Beauty Holdings, Inc.). TopBuild Corp runs the higher net margin — 7.2% vs 4.8%, a 2.4% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (17.2% vs 0.6%). Over the past eight quarters, TopBuild Corp's revenue compounded faster (2.9% CAGR vs 1.9%).
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.
Sally Beauty Holdings, Inc. is an American international specialty retailer and distributor of professional beauty supplies with revenues of more than $3.9 billion annually.
BLD vs SBH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $943.2M |
| Net Profit | $104.8M | $45.6M |
| Gross Margin | 27.7% | 51.2% |
| Operating Margin | 12.1% | 8.1% |
| Net Margin | 7.2% | 4.8% |
| Revenue YoY | 17.2% | 0.6% |
| Net Profit YoY | -15.1% | -25.3% |
| EPS (diluted) | $3.73 | $0.45 |
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 | $943.2M | ||
| Q3 25 | $1.4B | $947.1M | ||
| Q2 25 | $1.3B | $933.3M | ||
| Q1 25 | $1.2B | $883.1M | ||
| Q4 24 | $1.3B | $937.9M | ||
| Q3 24 | $1.4B | $935.0M | ||
| Q2 24 | $1.4B | $942.3M |
| Q1 26 | $104.8M | — | ||
| Q4 25 | $104.5M | $45.6M | ||
| Q3 25 | $142.2M | $49.9M | ||
| Q2 25 | $151.6M | $45.7M | ||
| Q1 25 | $123.4M | $39.2M | ||
| Q4 24 | $150.5M | $61.0M | ||
| Q3 24 | $169.0M | $48.1M | ||
| Q2 24 | $150.7M | $37.7M |
| Q1 26 | 27.7% | — | ||
| Q4 25 | 27.2% | 51.2% | ||
| Q3 25 | 30.1% | 52.2% | ||
| Q2 25 | 30.4% | 51.5% | ||
| Q1 25 | 28.5% | 52.0% | ||
| Q4 24 | 29.9% | 50.8% | ||
| Q3 24 | 30.7% | 51.2% | ||
| Q2 24 | 31.0% | 51.0% |
| Q1 26 | 12.1% | — | ||
| Q4 25 | 12.1% | 8.1% | ||
| Q3 25 | 15.4% | 8.4% | ||
| Q2 25 | 16.9% | 8.4% | ||
| Q1 25 | 14.4% | 7.9% | ||
| Q4 24 | 16.6% | 10.7% | ||
| Q3 24 | 17.8% | 8.8% | ||
| Q2 24 | 15.4% | 7.6% |
| Q1 26 | 7.2% | — | ||
| Q4 25 | 7.0% | 4.8% | ||
| Q3 25 | 10.2% | 5.3% | ||
| Q2 25 | 11.7% | 4.9% | ||
| Q1 25 | 10.0% | 4.4% | ||
| Q4 24 | 11.5% | 6.5% | ||
| Q3 24 | 12.3% | 5.1% | ||
| Q2 24 | 11.0% | 4.0% |
| Q1 26 | $3.73 | — | ||
| Q4 25 | $3.69 | $0.45 | ||
| Q3 25 | $5.04 | $0.49 | ||
| Q2 25 | $5.32 | $0.44 | ||
| Q1 25 | $4.23 | $0.38 | ||
| Q4 24 | $5.07 | $0.58 | ||
| Q3 24 | $5.65 | $0.45 | ||
| Q2 24 | $4.78 | $0.36 |
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 | $157.2M |
| Total DebtLower is stronger | $2.8B | $842.5M |
| Stockholders' EquityBook value | $2.4B | $823.6M |
| Total Assets | $6.7B | $2.9B |
| Debt / EquityLower = less leverage | 1.18× | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $268.8M | — | ||
| Q4 25 | $184.7M | $157.2M | ||
| Q3 25 | $1.1B | $149.2M | ||
| Q2 25 | $842.5M | $112.8M | ||
| Q1 25 | $308.8M | $92.2M | ||
| Q4 24 | $400.3M | $105.5M | ||
| Q3 24 | $257.3M | $108.0M | ||
| Q2 24 | $463.2M | $97.4M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $842.5M | ||
| Q3 25 | $2.9B | $862.0M | ||
| Q2 25 | $1.9B | $882.4M | ||
| Q1 25 | $1.4B | $902.8M | ||
| Q4 24 | $1.4B | $938.1M | ||
| Q3 24 | $1.4B | $978.3M | ||
| Q2 24 | $1.4B | $978.9M |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $823.6M | ||
| Q3 25 | $2.2B | $794.2M | ||
| Q2 25 | $2.1B | $762.9M | ||
| Q1 25 | $2.1B | $699.8M | ||
| Q4 24 | $2.2B | $656.5M | ||
| Q3 24 | $2.1B | $628.5M | ||
| Q2 24 | $2.4B | $577.7M |
| Q1 26 | $6.7B | — | ||
| Q4 25 | $6.6B | $2.9B | ||
| Q3 25 | $6.4B | $2.9B | ||
| Q2 25 | $5.1B | $2.7B | ||
| Q1 25 | $4.6B | $2.7B | ||
| Q4 24 | $4.7B | $2.7B | ||
| Q3 24 | $4.7B | $2.8B | ||
| Q2 24 | $4.9B | $2.7B |
| Q1 26 | 1.18× | — | ||
| Q4 25 | 1.23× | 1.02× | ||
| Q3 25 | 1.29× | 1.09× | ||
| Q2 25 | 0.88× | 1.16× | ||
| Q1 25 | 0.65× | 1.29× | ||
| Q4 24 | 0.62× | 1.43× | ||
| Q3 24 | 0.66× | 1.56× | ||
| Q2 24 | 0.59× | 1.69× |
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 | $93.2M |
| Free Cash FlowOCF − Capex | — | $57.5M |
| FCF MarginFCF / Revenue | — | 6.1% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | 1.53× | 2.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | $216.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $160.7M | — | ||
| Q4 25 | $176.7M | $93.2M | ||
| Q3 25 | $233.3M | $120.9M | ||
| Q2 25 | $193.7M | $69.4M | ||
| Q1 25 | $152.6M | $51.1M | ||
| Q4 24 | $266.2M | $33.5M | ||
| Q3 24 | $240.7M | $110.7M | ||
| Q2 24 | $90.4M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | $159.4M | $57.5M | ||
| Q3 25 | $216.2M | $78.0M | ||
| Q2 25 | $182.2M | $49.1M | ||
| Q1 25 | $139.2M | $32.2M | ||
| Q4 24 | $253.7M | $13.4M | ||
| Q3 24 | $219.8M | $73.3M | ||
| Q2 24 | $74.3M | $28.7M |
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | 6.1% | ||
| Q3 25 | 15.5% | 8.2% | ||
| Q2 25 | 14.0% | 5.3% | ||
| Q1 25 | 11.3% | 3.6% | ||
| Q4 24 | 19.3% | 1.4% | ||
| Q3 24 | 16.0% | 7.8% | ||
| Q2 24 | 5.4% | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 3.8% | ||
| Q3 25 | 1.2% | 4.5% | ||
| Q2 25 | 0.9% | 2.2% | ||
| Q1 25 | 1.1% | 2.1% | ||
| Q4 24 | 1.0% | 2.1% | ||
| Q3 24 | 1.5% | 4.0% | ||
| Q2 24 | 1.2% | 2.0% |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.69× | 2.05× | ||
| Q3 25 | 1.64× | 2.42× | ||
| Q2 25 | 1.28× | 1.52× | ||
| Q1 25 | 1.24× | 1.30× | ||
| Q4 24 | 1.77× | 0.55× | ||
| Q3 24 | 1.42× | 2.30× | ||
| Q2 24 | 0.60× | 1.27× |
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% |
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
