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Side-by-side financial comparison of TopBuild Corp (BLD) and Virtu Financial, Inc. (VIRT). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.3× Virtu Financial, Inc.). Virtu Financial, Inc. runs the higher net margin — 31.6% vs 7.2%, a 24.4% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs 17.2%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% 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.
Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.
BLD vs VIRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.1B |
| Net Profit | $104.8M | $346.6M |
| Gross Margin | 27.7% | — |
| Operating Margin | 12.1% | 37.4% |
| Net Margin | 7.2% | 31.6% |
| Revenue YoY | 17.2% | 30.7% |
| Net Profit YoY | -15.1% | 82.8% |
| EPS (diluted) | $3.73 | $1.99 |
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 | $1.1B | ||
| Q4 25 | $1.5B | $969.9M | ||
| Q3 25 | $1.4B | $824.8M | ||
| Q2 25 | $1.3B | $999.6M | ||
| Q1 25 | $1.2B | $837.9M | ||
| Q4 24 | $1.3B | $834.3M | ||
| Q3 24 | $1.4B | $706.8M | ||
| Q2 24 | $1.4B | $693.0M |
| Q1 26 | $104.8M | $346.6M | ||
| Q4 25 | $104.5M | $139.9M | ||
| Q3 25 | $142.2M | $77.6M | ||
| Q2 25 | $151.6M | $151.2M | ||
| Q1 25 | $123.4M | $99.7M | ||
| Q4 24 | $150.5M | $94.1M | ||
| Q3 24 | $169.0M | $60.0M | ||
| Q2 24 | $150.7M | $66.6M |
| Q1 26 | 27.7% | — | ||
| Q4 25 | 27.2% | — | ||
| Q3 25 | 30.1% | — | ||
| Q2 25 | 30.4% | — | ||
| Q1 25 | 28.5% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 30.7% | — | ||
| Q2 24 | 31.0% | — |
| Q1 26 | 12.1% | 37.4% | ||
| Q4 25 | 12.1% | 35.4% | ||
| Q3 25 | 15.4% | 21.8% | ||
| Q2 25 | 16.9% | 34.7% | ||
| Q1 25 | 14.4% | 26.7% | ||
| Q4 24 | 16.6% | 24.3% | ||
| Q3 24 | 17.8% | 20.8% | ||
| Q2 24 | 15.4% | 22.4% |
| Q1 26 | 7.2% | 31.6% | ||
| Q4 25 | 7.0% | 14.4% | ||
| Q3 25 | 10.2% | 9.4% | ||
| Q2 25 | 11.7% | 15.1% | ||
| Q1 25 | 10.0% | 11.9% | ||
| Q4 24 | 11.5% | 11.3% | ||
| Q3 24 | 12.3% | 8.5% | ||
| Q2 24 | 11.0% | 9.6% |
| Q1 26 | $3.73 | $1.99 | ||
| Q4 25 | $3.69 | $1.54 | ||
| Q3 25 | $5.04 | $0.86 | ||
| Q2 25 | $5.32 | $1.65 | ||
| Q1 25 | $4.23 | $1.08 | ||
| Q4 24 | $5.07 | $1.03 | ||
| Q3 24 | $5.65 | $0.64 | ||
| Q2 24 | $4.78 | $0.71 |
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 | $973.2M |
| Total DebtLower is stronger | $2.8B | — |
| Stockholders' EquityBook value | $2.4B | $2.2B |
| Total Assets | $6.7B | $25.1B |
| Debt / EquityLower = less leverage | 1.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $268.8M | $973.2M | ||
| Q4 25 | $184.7M | $1.1B | ||
| Q3 25 | $1.1B | $707.9M | ||
| Q2 25 | $842.5M | $752.1M | ||
| Q1 25 | $308.8M | $723.6M | ||
| Q4 24 | $400.3M | $872.5M | ||
| Q3 24 | $257.3M | $701.4M | ||
| Q2 24 | $463.2M | $684.8M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $2.0B | ||
| Q3 25 | $2.9B | $2.0B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.4B | $1.7B |
| Q1 26 | $2.4B | $2.2B | ||
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.2B | $1.3B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.4B | $1.2B |
| Q1 26 | $6.7B | $25.1B | ||
| Q4 25 | $6.6B | $20.2B | ||
| Q3 25 | $6.4B | $21.3B | ||
| Q2 25 | $5.1B | $19.3B | ||
| Q1 25 | $4.6B | $17.5B | ||
| Q4 24 | $4.7B | $15.4B | ||
| Q3 24 | $4.7B | $14.4B | ||
| Q2 24 | $4.9B | $13.9B |
| Q1 26 | 1.18× | — | ||
| Q4 25 | 1.23× | 1.29× | ||
| Q3 25 | 1.29× | 1.40× | ||
| Q2 25 | 0.88× | 1.24× | ||
| Q1 25 | 0.65× | 1.33× | ||
| Q4 24 | 0.62× | 1.39× | ||
| Q3 24 | 0.66× | 1.41× | ||
| Q2 24 | 0.59× | 1.41× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $160.7M | — | ||
| Q4 25 | $176.7M | $518.4M | ||
| Q3 25 | $233.3M | $-68.7M | ||
| Q2 25 | $193.7M | $62.8M | ||
| Q1 25 | $152.6M | $15.0M | ||
| Q4 24 | $266.2M | $599.0M | ||
| Q3 24 | $240.7M | $112.1M | ||
| Q2 24 | $90.4M | $490.8M |
| Q1 26 | — | — | ||
| Q4 25 | $159.4M | $495.6M | ||
| Q3 25 | $216.2M | $-76.7M | ||
| Q2 25 | $182.2M | $57.6M | ||
| Q1 25 | $139.2M | $9.2M | ||
| Q4 24 | $253.7M | $586.6M | ||
| Q3 24 | $219.8M | $106.2M | ||
| Q2 24 | $74.3M | $486.9M |
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | 51.1% | ||
| Q3 25 | 15.5% | -9.3% | ||
| Q2 25 | 14.0% | 5.8% | ||
| Q1 25 | 11.3% | 1.1% | ||
| Q4 24 | 19.3% | 70.3% | ||
| Q3 24 | 16.0% | 15.0% | ||
| Q2 24 | 5.4% | 70.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 2.4% | ||
| Q3 25 | 1.2% | 1.0% | ||
| Q2 25 | 0.9% | 0.5% | ||
| Q1 25 | 1.1% | 0.7% | ||
| Q4 24 | 1.0% | 1.5% | ||
| Q3 24 | 1.5% | 0.8% | ||
| Q2 24 | 1.2% | 0.6% |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.69× | 3.71× | ||
| Q3 25 | 1.64× | -0.89× | ||
| Q2 25 | 1.28× | 0.42× | ||
| Q1 25 | 1.24× | 0.15× | ||
| Q4 24 | 1.77× | 6.37× | ||
| Q3 24 | 1.42× | 1.87× | ||
| Q2 24 | 0.60× | 7.37× |
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% |
VIRT
| Trading income, net | $789.1M | 72% |
| Commissions, net and technology services | $186.6M | 17% |
| Other | $119.6M | 11% |
