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Side-by-side financial comparison of TopBuild Corp (BLD) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× SEALED AIR CORP). TopBuild Corp runs the higher net margin — 7.0% vs 3.1%, a 3.9% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $159.4M). Over the past eight quarters, TopBuild Corp's revenue compounded faster (7.8% CAGR vs 2.7%).
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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
BLD vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.4B |
| Net Profit | $104.5M | $43.8M |
| Gross Margin | 27.2% | 28.6% |
| Operating Margin | 12.1% | 11.4% |
| Net Margin | 7.0% | 3.1% |
| Revenue YoY | 13.2% | 2.6% |
| Net Profit YoY | -30.6% | 700.0% |
| EPS (diluted) | $3.69 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.3B | $1.3B |
| Q4 25 | $104.5M | $43.8M | ||
| Q3 25 | $142.2M | $255.1M | ||
| Q2 25 | $151.6M | $93.1M | ||
| Q1 25 | $123.4M | $113.5M | ||
| Q4 24 | $150.5M | $-7.3M | ||
| Q3 24 | $169.0M | $91.7M | ||
| Q2 24 | $150.7M | $98.3M | ||
| Q1 24 | $152.4M | $82.0M |
| Q4 25 | 27.2% | 28.6% | ||
| Q3 25 | 30.1% | 29.8% | ||
| Q2 25 | 30.4% | 30.7% | ||
| Q1 25 | 28.5% | 30.9% | ||
| Q4 24 | 29.9% | 30.0% | ||
| Q3 24 | 30.7% | 30.1% | ||
| Q2 24 | 31.0% | 31.2% | ||
| Q1 24 | 30.3% | 30.3% |
| Q4 25 | 12.1% | 11.4% | ||
| Q3 25 | 15.4% | 13.8% | ||
| Q2 25 | 16.9% | 15.0% | ||
| Q1 25 | 14.4% | 14.5% | ||
| Q4 24 | 16.6% | 11.7% | ||
| Q3 24 | 17.8% | 13.9% | ||
| Q2 24 | 15.4% | 15.4% | ||
| Q1 24 | 16.8% | 14.0% |
| Q4 25 | 7.0% | 3.1% | ||
| Q3 25 | 10.2% | 19.0% | ||
| Q2 25 | 11.7% | 7.0% | ||
| Q1 25 | 10.0% | 9.0% | ||
| Q4 24 | 11.5% | -0.5% | ||
| Q3 24 | 12.3% | 6.9% | ||
| Q2 24 | 11.0% | 7.4% | ||
| Q1 24 | 11.9% | 6.2% |
| Q4 25 | $3.69 | $0.30 | ||
| Q3 25 | $5.04 | $1.73 | ||
| Q2 25 | $5.32 | $0.63 | ||
| Q1 25 | $4.23 | $0.77 | ||
| Q4 24 | $5.07 | $-0.05 | ||
| Q3 24 | $5.65 | $0.63 | ||
| Q2 24 | $4.78 | $0.67 | ||
| Q1 24 | $4.79 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | $2.8B | $3.3B |
| Stockholders' EquityBook value | $2.3B | $1.2B |
| Total Assets | $6.6B | $7.0B |
| Debt / EquityLower = less leverage | 1.23× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.7M | $344.0M | ||
| Q3 25 | $1.1B | $282.5M | ||
| Q2 25 | $842.5M | $354.4M | ||
| Q1 25 | $308.8M | $335.2M | ||
| Q4 24 | $400.3M | $371.8M | ||
| Q3 24 | $257.3M | $386.0M | ||
| Q2 24 | $463.2M | $388.6M | ||
| Q1 24 | $968.8M | $352.8M |
| Q4 25 | $2.8B | $3.3B | ||
| Q3 25 | $2.9B | $4.0B | ||
| Q2 25 | $1.9B | $4.0B | ||
| Q1 25 | $1.4B | $4.2B | ||
| Q4 24 | $1.4B | $4.2B | ||
| Q3 24 | $1.4B | $4.3B | ||
| Q2 24 | $1.4B | $4.4B | ||
| Q1 24 | $1.4B | $4.5B |
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.1B | $953.1M | ||
| Q1 25 | $2.1B | $797.9M | ||
| Q4 24 | $2.2B | $624.5M | ||
| Q3 24 | $2.1B | $771.2M | ||
| Q2 24 | $2.4B | $650.1M | ||
| Q1 24 | $2.7B | $598.3M |
| Q4 25 | $6.6B | $7.0B | ||
| Q3 25 | $6.4B | $7.1B | ||
| Q2 25 | $5.1B | $7.2B | ||
| Q1 25 | $4.6B | $7.0B | ||
| Q4 24 | $4.7B | $7.0B | ||
| Q3 24 | $4.7B | $7.3B | ||
| Q2 24 | $4.9B | $7.3B | ||
| Q1 24 | $5.3B | $7.2B |
| Q4 25 | 1.23× | 2.65× | ||
| Q3 25 | 1.29× | 3.34× | ||
| Q2 25 | 0.88× | 4.18× | ||
| Q1 25 | 0.65× | 5.26× | ||
| Q4 24 | 0.62× | 6.72× | ||
| Q3 24 | 0.66× | 5.62× | ||
| Q2 24 | 0.59× | 6.81× | ||
| Q1 24 | 0.52× | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $159.4M | $257.7M |
| FCF MarginFCF / Revenue | 10.7% | 18.5% |
| Capex IntensityCapex / Revenue | 1.2% | 2.6% |
| Cash ConversionOCF / Net Profit | 1.69× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $696.9M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $176.7M | $293.6M | ||
| Q3 25 | $233.3M | $165.9M | ||
| Q2 25 | $193.7M | $136.6M | ||
| Q1 25 | $152.6M | $31.9M | ||
| Q4 24 | $266.2M | $244.2M | ||
| Q3 24 | $240.7M | $170.5M | ||
| Q2 24 | $90.4M | $188.2M | ||
| Q1 24 | $178.8M | $125.1M |
| Q4 25 | $159.4M | $257.7M | ||
| Q3 25 | $216.2M | $119.6M | ||
| Q2 25 | $182.2M | $93.2M | ||
| Q1 25 | $139.2M | $-12.0M | ||
| Q4 24 | $253.7M | $185.1M | ||
| Q3 24 | $219.8M | $115.2M | ||
| Q2 24 | $74.3M | $129.5M | ||
| Q1 24 | $158.9M | $78.0M |
| Q4 25 | 10.7% | 18.5% | ||
| Q3 25 | 15.5% | 8.9% | ||
| Q2 25 | 14.0% | 7.0% | ||
| Q1 25 | 11.3% | -0.9% | ||
| Q4 24 | 19.3% | 13.6% | ||
| Q3 24 | 16.0% | 8.6% | ||
| Q2 24 | 5.4% | 9.7% | ||
| Q1 24 | 12.4% | 5.9% |
| Q4 25 | 1.2% | 2.6% | ||
| Q3 25 | 1.2% | 3.4% | ||
| Q2 25 | 0.9% | 3.3% | ||
| Q1 25 | 1.1% | 3.5% | ||
| Q4 24 | 1.0% | 4.4% | ||
| Q3 24 | 1.5% | 4.1% | ||
| Q2 24 | 1.2% | 4.4% | ||
| Q1 24 | 1.6% | 3.6% |
| Q4 25 | 1.69× | 6.70× | ||
| Q3 25 | 1.64× | 0.65× | ||
| Q2 25 | 1.28× | 1.47× | ||
| Q1 25 | 1.24× | 0.28× | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.42× | 1.86× | ||
| Q2 24 | 0.60× | 1.91× | ||
| Q1 24 | 1.17× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
