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Side-by-side financial comparison of TopBuild Corp (BLD) and VIASAT INC (VSAT). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× VIASAT INC). TopBuild Corp runs the higher net margin — 7.2% vs 2.2%, a 5.1% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (17.2% vs 3.0%). Over the past eight quarters, TopBuild Corp's revenue compounded faster (2.9% CAGR vs 0.3%).
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.
Viasat, Inc. is an American communications company based in Carlsbad, California, with additional operations across the United States and worldwide. Viasat is a provider of high-speed satellite broadband services and secure networking systems covering military and commercial markets.
BLD vs VSAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.2B |
| Net Profit | $104.8M | $25.0M |
| Gross Margin | 27.7% | — |
| Operating Margin | 12.1% | 2.3% |
| Net Margin | 7.2% | 2.2% |
| Revenue YoY | 17.2% | 3.0% |
| Net Profit YoY | -15.1% | 115.8% |
| EPS (diluted) | $3.73 | $0.18 |
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 | $1.2B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B |
| Q1 26 | $104.8M | — | ||
| Q4 25 | $104.5M | $25.0M | ||
| Q3 25 | $142.2M | $-61.4M | ||
| Q2 25 | $151.6M | $-56.4M | ||
| Q1 25 | $123.4M | $-246.1M | ||
| Q4 24 | $150.5M | $-158.4M | ||
| Q3 24 | $169.0M | $-137.6M | ||
| Q2 24 | $150.7M | $-32.9M |
| 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% | — | ||
| Q4 25 | 12.1% | 2.3% | ||
| Q3 25 | 15.4% | 3.1% | ||
| Q2 25 | 16.9% | 4.0% | ||
| Q1 25 | 14.4% | -13.4% | ||
| Q4 24 | 16.6% | 1.9% | ||
| Q3 24 | 17.8% | -2.2% | ||
| Q2 24 | 15.4% | 5.3% |
| Q1 26 | 7.2% | — | ||
| Q4 25 | 7.0% | 2.2% | ||
| Q3 25 | 10.2% | -5.4% | ||
| Q2 25 | 11.7% | -4.8% | ||
| Q1 25 | 10.0% | -21.5% | ||
| Q4 24 | 11.5% | -14.1% | ||
| Q3 24 | 12.3% | -12.3% | ||
| Q2 24 | 11.0% | -2.9% |
| Q1 26 | $3.73 | — | ||
| Q4 25 | $3.69 | $0.18 | ||
| Q3 25 | $5.04 | $-0.45 | ||
| Q2 25 | $5.32 | $-0.43 | ||
| Q1 25 | $4.23 | $-1.92 | ||
| Q4 24 | $5.07 | $-1.23 | ||
| Q3 24 | $5.65 | $-1.07 | ||
| Q2 24 | $4.78 | $-0.26 |
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 | $1.3B |
| Total DebtLower is stronger | $2.8B | $6.2B |
| Stockholders' EquityBook value | $2.4B | $4.6B |
| Total Assets | $6.7B | $14.9B |
| Debt / EquityLower = less leverage | 1.18× | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $268.8M | — | ||
| Q4 25 | $184.7M | $1.3B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $842.5M | $1.2B | ||
| Q1 25 | $308.8M | $1.6B | ||
| Q4 24 | $400.3M | $1.6B | ||
| Q3 24 | $257.3M | $3.5B | ||
| Q2 24 | $463.2M | $1.8B |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $6.2B | ||
| Q3 25 | $2.9B | $6.5B | ||
| Q2 25 | $1.9B | $6.5B | ||
| Q1 25 | $1.4B | $6.5B | ||
| Q4 24 | $1.4B | $6.5B | ||
| Q3 24 | $1.4B | $6.4B | ||
| Q2 24 | $1.4B | $7.1B |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $4.6B | ||
| Q3 25 | $2.2B | $4.5B | ||
| Q2 25 | $2.1B | $4.6B | ||
| Q1 25 | $2.1B | $4.6B | ||
| Q4 24 | $2.2B | $4.8B | ||
| Q3 24 | $2.1B | $4.9B | ||
| Q2 24 | $2.4B | $5.0B |
| Q1 26 | $6.7B | — | ||
| Q4 25 | $6.6B | $14.9B | ||
| Q3 25 | $6.4B | $14.8B | ||
| Q2 25 | $5.1B | $14.9B | ||
| Q1 25 | $4.6B | $15.4B | ||
| Q4 24 | $4.7B | $15.6B | ||
| Q3 24 | $4.7B | $17.8B | ||
| Q2 24 | $4.9B | $16.1B |
| Q1 26 | 1.18× | — | ||
| Q4 25 | 1.23× | 1.37× | ||
| Q3 25 | 1.29× | 1.44× | ||
| Q2 25 | 0.88× | 1.43× | ||
| Q1 25 | 0.65× | 1.43× | ||
| Q4 24 | 0.62× | 1.37× | ||
| Q3 24 | 0.66× | 1.30× | ||
| Q2 24 | 0.59× | 1.42× |
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 | $726.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.53× | 29.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $160.7M | — | ||
| Q4 25 | $176.7M | $726.9M | ||
| Q3 25 | $233.3M | $282.2M | ||
| Q2 25 | $193.7M | $258.5M | ||
| Q1 25 | $152.6M | $298.4M | ||
| Q4 24 | $266.2M | $219.5M | ||
| Q3 24 | $240.7M | $239.2M | ||
| Q2 24 | $90.4M | $151.1M |
| Q1 26 | — | — | ||
| Q4 25 | $159.4M | — | ||
| Q3 25 | $216.2M | — | ||
| Q2 25 | $182.2M | — | ||
| Q1 25 | $139.2M | — | ||
| Q4 24 | $253.7M | — | ||
| Q3 24 | $219.8M | — | ||
| Q2 24 | $74.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | — | ||
| Q3 25 | 15.5% | — | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 11.3% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 16.0% | — | ||
| Q2 24 | 5.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.2% | — |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.69× | 29.11× | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 0.60× | — |
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% |
VSAT
| Products | $334.2M | 29% |
| Aviation Services | $303.7M | 26% |
| Government Satcom Services | $202.4M | 17% |
| Maritime Services | $114.9M | 10% |
| Information Security And Cyber Defense Products | $97.0M | 8% |
| Tactical Networking Products | $93.9M | 8% |
| Navarino Uk And Jsat Mobile | $15.5M | 1% |
| Advanced Technologies And Other Products | $6.1M | 1% |
