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Builders FirstSource, Inc.

BLDR Industrials Building Products & Equipment

Builders FirstSource, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $15.2 billion, down 7.38% from fiscal 2024.

Revenue
−2.21%
EPS
−49.4%
Free cash flow
−83.7%
Total debt
+3.97%

Quarter to September 2026, against a year earlier

65.53 3.97 −5.71%
Market cap
$7.1B
P/E
176×
Fwd P/E
−499×
Dividend yield
—
F-score
5/9
Altman Z
2.75
Beneish M
−2.83
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by products and services Fiscal 2025

  • Specialty Building Products and Services
  • Lumber and Lumber Sheet Goods
  • Windows, Doors and Millwork
  • Manufactured Products

Every year since 2010 →

Insider Decisions last twelve months

Bought, $m 4.39
Sold, $m 0.39
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 1 — — — — — — — —
Sell — — — — — 1 — — — — — —
Insider Ownership 3.59%

Capital & Financial Ratios $m

Size
Market Cap 7,050.00
Revenue ttm 14,361.56
Net income ttm 40.58
Free cash flow ttm 259.94
Net debt Q 4,564.15
Valuation
P/E 176.44 (above 35: high)
Forward P/E (499.00) (negative: loss-making)
Price / sales 0.49
Forward P/S Powerpack
Price / FCF 27.13
Price / book 1.73
Financial health
Current ratio Q 1.85 (at or above 1.5: strong)
Debt / equity Q 1.13
Interest coverage Q 1.37
Growth
Revenue growth Q −2.21% (below 0%: shrinking)
Operating income growth Q −56.68% (below 0%: shrinking)
EPS, this year −46.90% (below 0%: weak)
EPS, next year A −26.00% (below 0%: weak)
Revenue, next year A −5.49% (below 0%: weak)
EPS, past 5 yrs +7.90%
EPS, next 5 yrs A −18.83% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.8×, against a ten-year median of 0.7×; over the ten years it ranged from 0.4× in 2018 to 1.7× in 2024.
P/E against its own 10 years 99.92%
10-year low 10-year high
P/S against its own 10 years 50.28%
10-year low 10-year high
P/B against its own 10 years 3.23%
10-year low 10-year high
EV/Sales against its own 10 years 61.39%
10-year low 10-year high
EV/FCF against its own 10 years 87.69%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 66 154 182 55
Receivables 1,727 1,507 1,391 1,642
Inventory 1,228 1,212 1,095 1,241
Other 279 268 260 289
3,301 3,141 2,927 3,226
2023 2024 2025 Q'26
Payables 881 868 715 900
ST’ Debt 4 3 14 4
Other 163 168 168 182
1,863 1,777 1,575 1,749

Compound Annual Growth %

10y 5y 3y
Sales 15.60% 12.16% (12.57%)
Cash Flow 21.25% 36.13% (30.35%)
Earnings 0.00% 6.78% (45.91%)
Book Value 40.12% 30.43% (4.28%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.12 Actual 1.51

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.30 1.12 Miss by 0.18
Q1 FY26 0.39 0.27 Miss by 0.12
Q2 FY26 1.29 1.17 Miss by 0.12
Q3 FY26 1.12 1.51 Beat by 0.39
Q4 FY26 0.43 — Reports 16 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.43) (0.04) 0.56 — —
’25 0.84 1.66 1.10 0.28 3.89
’24 2.10 2.87 2.44 1.65 9.06
’23 2.41 3.16 3.59 2.83 11.94
’22 3.56 5.75 4.72 2.62 16.82
’21 0.83 2.39 2.98 2.31 8.48
’20 0.07 0.67 0.73 1.18 2.66
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 3,287 3,863 3,854 — —
’25 3,657 4,234 3,941 3,358 15,191
’24 3,891 4,456 4,232 3,820 16,400
’23 3,883 4,529 4,534 4,151 17,097
’22 5,681 6,926 5,761 4,358 22,726
’21 4,174 5,577 5,509 4,635 19,894
’20 1,787 1,946 2,295 2,531 8,559
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 87 68 147 — —
’25 132 341 548 195 1,216
’24 317 452 730 373 1,873
’23 654 391 649 612 2,307
’22 180 947 1,501 971 3,599
’21 (201) (3) 1,107 840 1,744
’20 (51) 221 (15) 105 260
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 43 32 76 — —
’25 45 255 465 109 874
’24 228 367 635 277 1,506
’23 554 270 538 515 1,877
’22 131 881 1,417 840 3,270
’21 (237) (56) 1,048 774 1,529
’20 (79) 195 (42) 82 156
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 18.9% a year for ten years. It grew 28.1% a year over the last ten.

Implied
18.9%
10 years, reported
28.1%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 6,367 7,034 7,725 7,280 8,559 19,894 22,726 17,097 16,400 15,191 14,362 +10.1% 14,356 14,178 14,657 (1.2%)
Gross margin, % 25.08 24.56 24.89 27.15 25.97 29.41 34.08 35.17 32.82 30.39 28.48 +5.3 pt
EBT 22 92 261 283 408 2,252 3,572 1,984 1,388 512 15 +42.1%
EBT margin, % 0.34 1.31 3.38 3.88 4.77 11.32 15.72 11.61 8.46 3.37 0.11 +3.0 pt
Net income 144 39 205 222 314 1,725 2,749 1,541 1,078 435 41 +13.0%
Per share, $
Per share, $ Revenue 57.49 62.48 67.41 62.92 73.40 98.56 140.32 133.81 138.94 136.34 133.47 +10.1%
Earnings 1.30 0.34 1.79 1.92 2.69 8.55 16.98 12.06 9.13 3.91 0.37 +13.0%
Cash flow 1.43 1.59 2.47 4.36 2.23 8.64 22.22 18.05 15.87 10.91 4.62 +25.3%
Capex (0.31) (0.53) (0.84) (0.92) (0.89) (1.06) (2.03) (3.36) (3.11) (3.07) (2.20) +29.0%
Free cash flow 1.12 1.06 1.62 3.44 1.34 7.58 20.19 14.69 12.76 7.84 2.42 +24.2%
Book value 2.80 3.34 5.20 7.13 9.89 23.79 30.64 37.04 36.40 39.06 37.93 +34.0%
Shares, m 111 113 115 116 117 202 162 128 118 111 109 +0.1%
Valuation, ×
Valuation, × P/E 8.89 64.71 6.13 13.17 15.11 10.00 3.89 13.69 15.67 26.31 176.44 17.8
P/S 0.20 0.35 0.16 0.40 0.56 0.87 0.47 1.24 1.03 0.75 0.49 0.6
P/B 4.16 6.58 2.10 3.56 4.13 3.60 2.13 4.47 3.93 2.63 1.73 3.7
EV/Sales 0.48 0.60 0.36 0.58 0.70 1.01 0.59 1.42 1.25 1.04 0.81 0.8
EV/FCF 24.84 35.30 15.05 10.60 38.08 13.20 4.13 12.92 13.56 17.99 44.68 18.6
Cash, $m
Cash, $m Operating cash flow 158 179 283 504 260 1,744 3,599 2,307 1,873 1,216 497 +25.4%
Capex (34) (59) (97) (106) (104) (214) (329) (430) (367) (342) (237) +29.1%
Free cash flow 124 119 186 398 156 1,529 3,270 1,877 1,506 874 260 +24.2%
Balance, $m
Balance, $m Working capital 461 598 642 486 1,149 1,840 1,655 1,437 1,364 1,352 1,478 +12.7%
Net debt 1,788 1,727 1,551 1,277 1,200 2,887 2,904 3,115 3,550 4,260 4,564 +10.1%
Shareholders’ equity 310 376 596 825 1,153 4,802 4,963 4,732 4,296 4,352 4,081 +34.1%
Returns, %
Returns, % ROA 4.98 1.31 6.91 7.18 8.45 23.18 25.80 14.61 10.23 3.99 0.36 (1.0) pt
ROIC 7.04 8.47 10.74 11.66 14.44 19.40 29.96 17.33 12.71 5.71 2.21 (1.3) pt
ROE 62.92 11.31 42.20 31.21 31.71 57.95 56.31 31.78 23.88 10.06 0.97 (52.9) pt
People
People Employees 14,000 15,000 15,000 15,800 26,000 28,000 29,000 29,000 29,000 28,000 — +8.0%
Revenue/emp, $m 0.45 0.47 0.51 0.46 0.33 0.71 0.78 0.59 0.57 0.54 — +2.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Builders FirstSource supplies building materials and construction services to professional builders. Its customers use those materials to construct new homes and to repair or remodel existing ones. The company was formed in 1998, is headquartered in Dallas and is led by Chief Executive Officer Peter Jackson.

The company manufactures components that builders would otherwise have to assemble on a job site. These include roof and floor trusses, wall panels and engineered wood cut for individual homes. It also makes or assembles products such as vinyl windows, pre-hung doors and custom millwork. Its Ready-Frame system supplies lumber that has been designed, pre-cut and labeled for a particular framing project.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by products and services, and margins
Specialty Building Products and Services 4,068 26.78%
Lumber and Lumber Sheet Goods 3,876 25.51%
Windows, Doors and Millwork 3,836 25.25%
Manufactured Products 3,410 22.45%
Gross margin 30.39%
Operating margin 5.18%
Pre-tax margin 3.37%

Revenue by segment since 2010

Builders FirstSource, Inc. vs peers in Building Products & Equipment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
OC Owens Corning Inc $9.8B — (loss-making) 15.2× −7.27% (below 0%: shrinking) n/m −16.47% (below 0%: shrinking) 24.71% (6.11%) Compare
WMS Advanced Drainage Systems, Inc. $9.3B 23.3× 21.8× +4.59% (above 0%: growing) −26.87% (below 0%: shrinking) −8.28% (below 0%: shrinking) 38.89% 21.91% Compare
AWI Armstrong World Industries, Inc. $7.1B 22.8× 21.0× +11.90% (above 0%: growing) +10.25% (above 0%: growing) −29.42% (below 0%: shrinking) 40.08% 27.57% Compare
BLDR Builders FirstSource, Inc. $7.1B 176× — (loss-making) −2.21% (below 0%: shrinking) −49.42% (below 0%: shrinking) −83.67% (below 0%: shrinking) 27.82% 2.57%
SPXC SPX Technologies, Inc. $6.9B 23.3× 24.6× +20.53% (above 0%: growing) +26.15% (above 0%: growing) −79.92% (below 0%: shrinking) 39.12% 16.14% Compare
TREX Trex Company, Inc. $5.7B 32.8× 29.5× +25.99% (above 0%: growing) +7.52% (above 0%: growing) −3.69% (below 0%: shrinking) 36.01% 20.17% Compare
FBIN Fortune Brands Innovations, Inc. $5.6B 44.4× 30.8× −3.09% (below 0%: shrinking) −28.81% (below 0%: shrinking) +95.25% (above 0%: growing) 45.43% 5.42% Compare
LPX Louisiana-Pacific Corporation $5.4B 77.9× 70.6× +4.22% (above 0%: growing) +152.77% (above 0%: growing) +1,040.00% (above 0%: growing) 16.64% 4.34% Compare
GFF Griffon Corporation $4.6B 25.6× 20.1× −21.55% (below 0%: shrinking) n/m +5.99% (above 0%: growing) 46.96% 23.99% Compare
Median of peers $6.3B 25.6× 23.2× +4.41% +8.89% −5.98% 39.01% 18.16%

All 34 Building Products & Equipment stocks →

From the latest earnings call

Updated

  • CEO Peter Jackson said affordability was constraining new-home demand and that some builders would likely slow starts to bring inventory in line with sales.
  • CFO Pete Beckmann said Builders FirstSource narrowed its full-year sales and adjusted EBITDA ranges while maintaining their midpoints, and narrowed its free cash flow outlook.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Loop Capital Oct 29, 2026 Downgrade Buy → Hold 90.00 → 62.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 99.34%
Held by the ten largest 46.17%
Holder Shares Stake Change
Vanguard 11.99m 11.14% −334.89k
BlackRock 7.83m 7.28% −927.86k
Capital Group 5.53m 5.14% +1.80m
State Street 4.84m 4.50% −280.33k
Pictet Asset Management 3.80m 3.53% +2.42m
Wellington Management 3.47m 3.22% −214.21k
Dimensional Fund Advisors 3.44m 3.20% +471.54k
Invesco 3.35m 3.11% +742.05k
Geode Capital Management 2.83m 2.63% −50.12k
Coliseum Capital Management, LLC 2.60m 2.41% +505.00k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 2 April 2026

Ownership

Directors and executive officers, together 2.70%
The Vanguard Group, Inc. 13.60%
BlackRock, Inc. 7.90%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Builders FirstSource, Inc. (BLDR) Latest News

1 Nov

Impact 3 · · StockStory

31 Oct

Impact 3 · · Simply Wall St.

29 Oct

Impact 4 · · Moby earnings
Impact 4 · · The Motley Fool transcript
Impact 3 · · MarketBeat
Impact 3 · · TIKR
Impact 3 · · StockStory
Impact 3 · · StockStory
Impact 3 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · Associated Press

28 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · StockStory

26 Oct

Impact 3 · · Zacks
Impact 3 · · Business Wire

23 Oct

Impact 3 · · Zacks

22 Oct

Impact 3 · · Trefis
Impact 3 · · Zacks

21 Oct

Impact 3 · · MT Newswires

20 Oct

Impact 3 · · Trefis

16 Oct

Impact 4 · · Zacks
Impact 3 · · MT Newswires
Impact 3 · · Insider Monkey

14 Oct

Impact 3 · · Insider Monkey

13 Oct

Impact 4 · · Zacks

10 Oct

Impact 3 · · Simply Wall St.

9 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Zacks

7 Oct

Impact 4 · · Investing.com
Impact 3 · · Trefis

BLDR metrics, ten years each

stockrow.com/BLDR · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com