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Side-by-side financial comparison of TopBuild Corp (BLD) and Teradyne (TER). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.4B vs $1.3B, roughly 1.1× Teradyne). Teradyne runs the higher net margin — 31.1% vs 7.2%, a 23.9% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 17.2%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% CAGR vs 2.9%).
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.
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
BLD vs TER — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.3B |
| Net Profit | $104.8M | $398.9M |
| Gross Margin | 27.7% | 60.9% |
| Operating Margin | 12.1% | 36.9% |
| Net Margin | 7.2% | 31.1% |
| Revenue YoY | 17.2% | 87.0% |
| Net Profit YoY | -15.1% | — |
| EPS (diluted) | $3.73 | $2.53 |
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 | $1.3B | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.4B | $769.2M | ||
| Q2 25 | $1.3B | $651.8M | ||
| Q1 25 | $1.2B | $685.7M | ||
| Q4 24 | $1.3B | $752.9M | ||
| Q3 24 | $1.4B | $737.3M | ||
| Q2 24 | $1.4B | $729.9M |
| Q1 26 | $104.8M | $398.9M | ||
| Q4 25 | $104.5M | $257.2M | ||
| Q3 25 | $142.2M | $119.6M | ||
| Q2 25 | $151.6M | $78.4M | ||
| Q1 25 | $123.4M | $98.9M | ||
| Q4 24 | $150.5M | $146.3M | ||
| Q3 24 | $169.0M | $145.6M | ||
| Q2 24 | $150.7M | $186.3M |
| Q1 26 | 27.7% | 60.9% | ||
| Q4 25 | 27.2% | 57.2% | ||
| Q3 25 | 30.1% | 58.4% | ||
| Q2 25 | 30.4% | 57.2% | ||
| Q1 25 | 28.5% | 60.6% | ||
| Q4 24 | 29.9% | 59.4% | ||
| Q3 24 | 30.7% | 59.2% | ||
| Q2 24 | 31.0% | 58.3% |
| Q1 26 | 12.1% | 36.9% | ||
| Q4 25 | 12.1% | 27.1% | ||
| Q3 25 | 15.4% | 18.9% | ||
| Q2 25 | 16.9% | 13.9% | ||
| Q1 25 | 14.4% | 17.6% | ||
| Q4 24 | 16.6% | 20.4% | ||
| Q3 24 | 17.8% | 20.6% | ||
| Q2 24 | 15.4% | 28.8% |
| Q1 26 | 7.2% | 31.1% | ||
| Q4 25 | 7.0% | 23.7% | ||
| Q3 25 | 10.2% | 15.5% | ||
| Q2 25 | 11.7% | 12.0% | ||
| Q1 25 | 10.0% | 14.4% | ||
| Q4 24 | 11.5% | 19.4% | ||
| Q3 24 | 12.3% | 19.8% | ||
| Q2 24 | 11.0% | 25.5% |
| Q1 26 | $3.73 | $2.53 | ||
| Q4 25 | $3.69 | $1.62 | ||
| Q3 25 | $5.04 | $0.75 | ||
| Q2 25 | $5.32 | $0.49 | ||
| Q1 25 | $4.23 | $0.61 | ||
| Q4 24 | $5.07 | $0.89 | ||
| Q3 24 | $5.65 | $0.89 | ||
| Q2 24 | $4.78 | $1.14 |
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 | $241.9M |
| Total DebtLower is stronger | $2.8B | $0 |
| Stockholders' EquityBook value | $2.4B | — |
| Total Assets | $6.7B | $4.4B |
| Debt / EquityLower = less leverage | 1.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $268.8M | $241.9M | ||
| Q4 25 | $184.7M | $293.8M | ||
| Q3 25 | $1.1B | $272.7M | ||
| Q2 25 | $842.5M | $339.3M | ||
| Q1 25 | $308.8M | $475.6M | ||
| Q4 24 | $400.3M | $553.4M | ||
| Q3 24 | $257.3M | $510.0M | ||
| Q2 24 | $463.2M | $421.9M |
| Q1 26 | $2.8B | $0 | ||
| 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 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $2.8B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $2.1B | $2.8B | ||
| Q1 25 | $2.1B | $2.8B | ||
| Q4 24 | $2.2B | $2.8B | ||
| Q3 24 | $2.1B | $2.9B | ||
| Q2 24 | $2.4B | $2.7B |
| Q1 26 | $6.7B | $4.4B | ||
| Q4 25 | $6.6B | $4.2B | ||
| Q3 25 | $6.4B | $4.0B | ||
| Q2 25 | $5.1B | $3.8B | ||
| Q1 25 | $4.6B | $3.7B | ||
| Q4 24 | $4.7B | $3.7B | ||
| Q3 24 | $4.7B | $3.8B | ||
| Q2 24 | $4.9B | $3.6B |
| Q1 26 | 1.18× | — | ||
| 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× | — |
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 | $265.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.53× | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $160.7M | $265.1M | ||
| Q4 25 | $176.7M | $281.6M | ||
| Q3 25 | $233.3M | $49.0M | ||
| Q2 25 | $193.7M | $182.1M | ||
| Q1 25 | $152.6M | $161.6M | ||
| Q4 24 | $266.2M | $282.6M | ||
| Q3 24 | $240.7M | $166.3M | ||
| Q2 24 | $90.4M | $216.1M |
| Q1 26 | — | — | ||
| Q4 25 | $159.4M | $218.8M | ||
| Q3 25 | $216.2M | $2.4M | ||
| Q2 25 | $182.2M | $131.7M | ||
| Q1 25 | $139.2M | $97.6M | ||
| Q4 24 | $253.7M | $225.2M | ||
| Q3 24 | $219.8M | $114.4M | ||
| Q2 24 | $74.3M | $171.2M |
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | 20.2% | ||
| Q3 25 | 15.5% | 0.3% | ||
| Q2 25 | 14.0% | 20.2% | ||
| Q1 25 | 11.3% | 14.2% | ||
| Q4 24 | 19.3% | 29.9% | ||
| Q3 24 | 16.0% | 15.5% | ||
| Q2 24 | 5.4% | 23.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 5.8% | ||
| Q3 25 | 1.2% | 6.1% | ||
| Q2 25 | 0.9% | 7.7% | ||
| Q1 25 | 1.1% | 9.3% | ||
| Q4 24 | 1.0% | 7.6% | ||
| Q3 24 | 1.5% | 7.0% | ||
| Q2 24 | 1.2% | 6.1% |
| Q1 26 | 1.53× | 0.66× | ||
| Q4 25 | 1.69× | 1.09× | ||
| Q3 25 | 1.64× | 0.41× | ||
| Q2 25 | 1.28× | 2.32× | ||
| Q1 25 | 1.24× | 1.63× | ||
| Q4 24 | 1.77× | 1.93× | ||
| Q3 24 | 1.42× | 1.14× | ||
| Q2 24 | 0.60× | 1.16× |
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% |
TER
Segment breakdown not available.
