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Side-by-side financial comparison of TopBuild Corp (BLD) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.5B vs $766.5M, roughly 1.9× SCANSOURCE, INC.). TopBuild Corp runs the higher net margin — 7.0% vs 2.2%, a 4.9% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs 2.5%). TopBuild Corp produced more free cash flow last quarter ($159.4M vs $28.9M). Over the past eight quarters, TopBuild Corp's revenue compounded faster (7.8% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
BLD vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $766.5M |
| Net Profit | $104.5M | $16.5M |
| Gross Margin | 27.2% | 13.4% |
| Operating Margin | 12.1% | 2.3% |
| Net Margin | 7.0% | 2.2% |
| Revenue YoY | 13.2% | 2.5% |
| Net Profit YoY | -30.6% | -3.3% |
| EPS (diluted) | $3.69 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $1.4B | $739.6M | ||
| Q2 25 | $1.3B | $812.9M | ||
| Q1 25 | $1.2B | $704.8M | ||
| Q4 24 | $1.3B | $747.5M | ||
| Q3 24 | $1.4B | $775.6M | ||
| Q2 24 | $1.4B | $746.1M | ||
| Q1 24 | $1.3B | $752.6M |
| Q4 25 | $104.5M | $16.5M | ||
| Q3 25 | $142.2M | $19.9M | ||
| Q2 25 | $151.6M | $20.1M | ||
| Q1 25 | $123.4M | $17.4M | ||
| Q4 24 | $150.5M | $17.1M | ||
| Q3 24 | $169.0M | $17.0M | ||
| Q2 24 | $150.7M | $16.1M | ||
| Q1 24 | $152.4M | $12.8M |
| Q4 25 | 27.2% | 13.4% | ||
| Q3 25 | 30.1% | 14.5% | ||
| Q2 25 | 30.4% | 12.9% | ||
| Q1 25 | 28.5% | 14.2% | ||
| Q4 24 | 29.9% | 13.6% | ||
| Q3 24 | 30.7% | 13.1% | ||
| Q2 24 | 31.0% | 13.0% | ||
| Q1 24 | 30.3% | 12.6% |
| Q4 25 | 12.1% | 2.3% | ||
| Q3 25 | 15.4% | 3.5% | ||
| Q2 25 | 16.9% | 3.3% | ||
| Q1 25 | 14.4% | 3.2% | ||
| Q4 24 | 16.6% | 2.5% | ||
| Q3 24 | 17.8% | 2.3% | ||
| Q2 24 | 15.4% | 2.9% | ||
| Q1 24 | 16.8% | 2.3% |
| Q4 25 | 7.0% | 2.2% | ||
| Q3 25 | 10.2% | 2.7% | ||
| Q2 25 | 11.7% | 2.5% | ||
| Q1 25 | 10.0% | 2.5% | ||
| Q4 24 | 11.5% | 2.3% | ||
| Q3 24 | 12.3% | 2.2% | ||
| Q2 24 | 11.0% | 2.2% | ||
| Q1 24 | 11.9% | 1.7% |
| Q4 25 | $3.69 | $0.75 | ||
| Q3 25 | $5.04 | $0.89 | ||
| Q2 25 | $5.32 | $0.87 | ||
| Q1 25 | $4.23 | $0.74 | ||
| Q4 24 | $5.07 | $0.70 | ||
| Q3 24 | $5.65 | $0.69 | ||
| Q2 24 | $4.78 | $0.66 | ||
| Q1 24 | $4.79 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $2.8B | — |
| Stockholders' EquityBook value | $2.3B | $910.9M |
| Total Assets | $6.6B | $1.7B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.7M | $83.5M | ||
| Q3 25 | $1.1B | $124.9M | ||
| Q2 25 | $842.5M | $126.2M | ||
| Q1 25 | $308.8M | $146.3M | ||
| Q4 24 | $400.3M | $110.5M | ||
| Q3 24 | $257.3M | $145.0M | ||
| Q2 24 | $463.2M | $185.5M | ||
| Q1 24 | $968.8M | $159.1M |
| 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 | $910.9M | ||
| Q3 25 | $2.2B | $914.0M | ||
| Q2 25 | $2.1B | $906.4M | ||
| Q1 25 | $2.1B | $901.7M | ||
| Q4 24 | $2.2B | $900.7M | ||
| Q3 24 | $2.1B | $920.9M | ||
| Q2 24 | $2.4B | $924.3M | ||
| Q1 24 | $2.7B | $944.1M |
| Q4 25 | $6.6B | $1.7B | ||
| Q3 25 | $6.4B | $1.7B | ||
| Q2 25 | $5.1B | $1.8B | ||
| Q1 25 | $4.6B | $1.7B | ||
| Q4 24 | $4.7B | $1.7B | ||
| Q3 24 | $4.7B | $1.8B | ||
| Q2 24 | $4.9B | $1.8B | ||
| Q1 24 | $5.3B | $1.8B |
| 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 | $30.8M |
| Free Cash FlowOCF − Capex | $159.4M | $28.9M |
| FCF MarginFCF / Revenue | 10.7% | 3.8% |
| Capex IntensityCapex / Revenue | 1.2% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.69× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $696.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $176.7M | $30.8M | ||
| Q3 25 | $233.3M | $23.2M | ||
| Q2 25 | $193.7M | — | ||
| Q1 25 | $152.6M | $66.1M | ||
| Q4 24 | $266.2M | $-6.2M | ||
| Q3 24 | $240.7M | $44.8M | ||
| Q2 24 | $90.4M | — | ||
| Q1 24 | $178.8M | $160.2M |
| Q4 25 | $159.4M | $28.9M | ||
| Q3 25 | $216.2M | $20.8M | ||
| Q2 25 | $182.2M | — | ||
| Q1 25 | $139.2M | $64.6M | ||
| Q4 24 | $253.7M | $-8.2M | ||
| Q3 24 | $219.8M | $42.5M | ||
| Q2 24 | $74.3M | — | ||
| Q1 24 | $158.9M | $157.7M |
| Q4 25 | 10.7% | 3.8% | ||
| Q3 25 | 15.5% | 2.8% | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 11.3% | 9.2% | ||
| Q4 24 | 19.3% | -1.1% | ||
| Q3 24 | 16.0% | 5.5% | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 12.4% | 21.0% |
| Q4 25 | 1.2% | 0.3% | ||
| Q3 25 | 1.2% | 0.3% | ||
| Q2 25 | 0.9% | 0.3% | ||
| Q1 25 | 1.1% | 0.2% | ||
| Q4 24 | 1.0% | 0.3% | ||
| Q3 24 | 1.5% | 0.3% | ||
| Q2 24 | 1.2% | 0.2% | ||
| Q1 24 | 1.6% | 0.3% |
| Q4 25 | 1.69× | 1.87× | ||
| Q3 25 | 1.64× | 1.17× | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.24× | 3.79× | ||
| Q4 24 | 1.77× | -0.36× | ||
| Q3 24 | 1.42× | 2.64× | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 1.17× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
