Tearsheet

Builders FirstSource (BLDR)


Market Price (12/25/2025): $103.93 | Market Cap: $11.5 Bil
Sector: Industrials | Industry: Building Products

Builders FirstSource (BLDR)


Market Price (12/25/2025): $103.93
Market Cap: $11.5 Bil
Sector: Industrials
Industry: Building Products

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, FCF Yield is 10%
Weak multi-year price returns
2Y Excs Rtn is -83%, 3Y Excs Rtn is -23%
Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -5.0%
1 Low stock price volatility
Vol 12M is 46%
  Key risks
BLDR key risks include [1] its dependence on the highly cyclical homebuilding industry, Show more.
2 Megatrend and thematic drivers
Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, and Energy Efficient Building Materials.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, FCF Yield is 10%
1 Low stock price volatility
Vol 12M is 46%
2 Megatrend and thematic drivers
Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, and Energy Efficient Building Materials.
3 Weak multi-year price returns
2Y Excs Rtn is -83%, 3Y Excs Rtn is -23%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -5.0%
5 Key risks
BLDR key risks include [1] its dependence on the highly cyclical homebuilding industry, Show more.

Valuation, Metrics & Events

BLDR Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

1. Persistent Challenges in the Housing Market and Below-Normal Starts Environment: Throughout the specified period, Builders FirstSource faced significant headwinds from a challenging housing market, characterized by a "below-normal starts environment" for both single-family and multi-family construction. This broader market slowdown consistently impacted the company's operational performance and outlook.

2. Decline in Net Sales Driven by Lower Core Organic Sales and Commodity Deflation: Builders FirstSource reported year-over-year decreases in net sales for the first, second, and third quarters of 2025. This decline was primarily attributed to lower core organic sales and ongoing commodity price deflation.

Show more

Stock Movement Drivers

Fundamental Drivers

The -12.8% change in BLDR stock from 9/24/2025 to 12/24/2025 was primarily driven by a -12.8% change in the company's P/E Multiple.
924202512242025Change
Stock Price ($)119.25104.03-12.76%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)15944.3615944.360.00%
Net Income Margin (%)4.74%4.74%0.00%
P/E Multiple17.4915.26-12.76%
Shares Outstanding (Mil)110.92110.920.00%
Cumulative Contribution-12.76%

LTM = Last Twelve Months as of date shown

Market Drivers

9/24/2025 to 12/24/2025
ReturnCorrelation
BLDR-12.8% 
Market (SPY)4.4%40.9%
Sector (XLI)3.4%55.0%

Fundamental Drivers

The -10.3% change in BLDR stock from 6/25/2025 to 12/24/2025 was primarily driven by a -16.2% change in the company's Net Income Margin (%).
625202512242025Change
Stock Price ($)115.96104.03-10.29%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)16166.6415944.36-1.37%
Net Income Margin (%)5.66%4.74%-16.22%
P/E Multiple14.4015.265.95%
Shares Outstanding (Mil)113.67110.922.42%
Cumulative Contribution-10.34%

LTM = Last Twelve Months as of date shown

Market Drivers

6/25/2025 to 12/24/2025
ReturnCorrelation
BLDR-10.3% 
Market (SPY)14.0%33.8%
Sector (XLI)10.0%51.7%

Fundamental Drivers

The -30.1% change in BLDR stock from 12/24/2024 to 12/24/2025 was primarily driven by a -35.9% change in the company's Net Income Margin (%).
1224202412242025Change
Stock Price ($)148.82104.03-30.10%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)16731.0515944.36-4.70%
Net Income Margin (%)7.40%4.74%-35.91%
P/E Multiple13.9615.269.27%
Shares Outstanding (Mil)116.18110.924.52%
Cumulative Contribution-30.24%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2024 to 12/24/2025
ReturnCorrelation
BLDR-30.1% 
Market (SPY)15.8%45.7%
Sector (XLI)18.6%53.7%

Fundamental Drivers

The 59.3% change in BLDR stock from 12/25/2022 to 12/24/2025 was primarily driven by a 322.3% change in the company's P/E Multiple.
1225202212242025Change
Stock Price ($)65.30104.0359.31%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)23003.6615944.36-30.69%
Net Income Margin (%)12.20%4.74%-61.13%
P/E Multiple3.6115.26322.31%
Shares Outstanding (Mil)155.31110.9228.58%
Cumulative Contribution46.30%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2023 to 12/24/2025
ReturnCorrelation
BLDR-37.8% 
Market (SPY)48.9%44.4%
Sector (XLI)42.7%53.7%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
BLDR Return61%110%-24%157%-14%-28%304%
Peers Return22%147%-4%37%27%24%521%
S&P 500 Return16%27%-19%24%23%18%115%

Monthly Win Rates [3]
BLDR Win Rate58%67%58%83%58%33% 
Peers Win Rate63%70%48%60%55%57% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
BLDR Max Drawdown-58%-7%-42%0%-21%-34% 
Peers Max Drawdown-56%-2%-27%-6%-16%-19% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: WSM, CASY, DKS, PAG, CAR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique KeyEventBLDRS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-41.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven71.4%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven252 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-62.2%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven164.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven147 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-55.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven125.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven301 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-95.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven2249.4%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven3,276 days1,480 days

Compare to WSM, CASY, DKS, PAG, CAR

In The Past

Builders FirstSource's stock fell -41.6% during the 2022 Inflation Shock from a high on 12/31/2021. A -41.6% loss requires a 71.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Builders FirstSource (BLDR)

Builders FirstSource, Inc., together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name. The company also offers gypsum, roofing, and insulation products, including wallboards, ceilings, joint treatments, and finishes; and siding, metal, and concrete products, such as vinyl, composite, and wood siding products, as well as exterior trims, other exteriors, metal studs, and cement products. In addition, it provides other building products and services, such as cabinets and hardware, as well as turn-key framing, shell construction, design assistance, and professional installation services. The company was formerly known as BSL Holdings, Inc. and changed its name to Builders FirstSource, Inc. in October 1999. Builders FirstSource, Inc. was founded in 1998 and is based in Dallas, Texas.

AI Analysis | Feedback

Here are 1-3 brief analogies for Builders FirstSource (BLDR):

  • Sysco for the home construction industry.
  • Amazon for professional homebuilders' supplies.
  • The wholesale version of Home Depot or Lowe's for professional builders.

AI Analysis | Feedback

  • Lumber and Building Materials: Provides a comprehensive selection of commodity and specialty lumber, plywood, siding, and other essential construction materials.
  • Manufactured Components: Produces custom-engineered roof and floor trusses, prefabricated wall panels, and stair systems for enhanced construction efficiency.
  • Millwork, Doors, and Windows: Offers interior and exterior doors (including pre-hung units), windows, and custom millwork products like mouldings and trim.
  • Ready-Frame®: A proprietary pre-cut framing package delivered to job sites, designed to reduce waste and accelerate framing time.
  • Construction and Installation Services: Provides design, engineering, and installation support for their manufactured components and other building products.

AI Analysis | Feedback

Builders FirstSource (BLDR) Major Customers

Builders FirstSource (BLDR) primarily sells to other companies, operating on a business-to-business (B2B) model. According to its public filings, Builders FirstSource serves a highly fragmented customer base of over 40,000 professional builders and contractors. Due to this broad and diversified customer base, the company does not identify individual "major customers" (i.e., specific named companies that account for a significant portion of its revenue). Instead, its customer base is comprised of various categories of professional companies within the construction industry, including:
  • Residential Homebuilders (encompassing both large national builders and smaller local and regional builders)
  • Repair and Remodel Contractors
  • Other Commercial and Industrial Contractors

AI Analysis | Feedback

null

AI Analysis | Feedback

Peter Jackson, President & Chief Executive Officer

Peter Jackson assumed the role of President & Chief Executive Officer of Builders FirstSource effective November 6, 2024. Previously, he served as the company's Chief Financial Officer, where he was critical in developing and executing the company's growth strategy, overseeing capital allocation and mergers and acquisitions, leading digital transformation, and architecting the business intelligence platform. Mr. Jackson brings nearly 30 years of leadership experience, with 17 years in the building products industry and seven years with Builders FirstSource. Before joining Builders FirstSource, he held leadership roles at Lennox International, Inc., including Global Refrigeration Segment CFO, and worked with SPX Corporation, General Electric, and Gerber Scientific. He began his career in public accounting and is a Certified Public Accountant. Mr. Jackson holds a bachelor's degree in business administration from Bryant University and an MBA from Rensselaer Polytechnic Institute.

Pete Beckmann, Executive Vice President and Chief Financial Officer

Pete Beckmann was appointed Executive Vice President and Chief Financial Officer of Builders FirstSource, effective November 6, 2024. Prior to this position, he served as Senior Vice President of Financial Planning & Analysis, providing strategic financial support across the enterprise. Mr. Beckmann has more than 25 years of experience with Builders FirstSource and its legacy companies, having held various leadership roles, including serving as the lead financial partner to operations.

Steve Herron, Chief Operating Officer

Steve Herron is the Chief Operating Officer of Builders FirstSource, responsible for overseeing the company's performance and day-to-day operational and administrative functions. Before this appointment, Mr. Herron was President of Builders FirstSource's eastern division. Following the merger of Builders FirstSource and BMC Stock Holdings, he served as SVP of operations for Builders FirstSource's Gulf South Region. Prior to joining BFS, Mr. Herron held the title of SVP of operations for ProBuild Holdings from 2011 to 2015. He also served as SVP for HD Supply Holdings, where he oversaw the lumber and building materials (LBM) division and assisted in the sale of the LBM Division to ProBuild in May 2008. Mr. Herron has over 38 years of experience in the building products industry, including senior management roles at Home Depot, Lowe's, and Williams Brothers Lumber.

Tim Johnson, Executive Vice President, General Counsel and Corporate Secretary

Tim Johnson serves as Executive Vice President, General Counsel, and Corporate Secretary for Builders FirstSource. In this role, he is responsible for legal, compliance, ethics, corporate governance, mergers and acquisitions, real estate, intellectual property, litigation, risk management, and human resources for the company. Before the merger of Builders FirstSource and BMC, Mr. Johnson held the same position at BMC. He brings over 15 years of private and corporate legal experience to the company.

Joe Barnes, Executive Vice President, Sourcing & Supply Chain

Joe Barnes is the Executive Vice President of Sourcing & Supply Chain at Builders FirstSource, overseeing all sourcing, supply chain, purchasing, and fleet activities for the company. Most recently, he served as the company's Senior Vice President of the Integration Management Office (IMO), where he focused on identifying and delivering sourcing and supply chain synergy initiatives related to the Builders FirstSource and BMC merger. Mr. Barnes has a diverse leadership background with over 18 years of industry experience, including senior roles at Georgia-Pacific, ORCO Construction Supply, and Coombs & Associates before joining ProBuild in 2010.

AI Analysis | Feedback

The key risks to Builders FirstSource (BLDR) are primarily linked to the cyclical nature of the homebuilding industry, volatile material prices, and operational challenges including labor shortages.

  1. Cyclical Nature of the Homebuilding Industry: Builders FirstSource's business is highly dependent on the U.S. residential construction and remodeling markets. These markets are inherently cyclical and are significantly influenced by macroeconomic factors such as interest rates, employment levels, consumer confidence, and housing demand. A slowdown in new home construction, housing affordability crises, or an oversupply of inventory can directly and negatively impact the company's revenue and profitability.
  2. Volatile Commodity Prices and Supply Chain Disruptions: The company's sales and earnings are highly sensitive to fluctuations in the prices of lumber, wood products, and other essential building materials. Tariffs on key inputs like steel and aluminum, coupled with extended lead times for various components, contribute to cost inflation and can lead to significant margin compression. The company has limited ability to manage the timing and amount of these pricing changes.
  3. Labor Shortages and Rising Operational Costs: The broader construction industry, and consequently Builders FirstSource, faces challenges due to labor shortages, particularly for skilled tradesmen and immigrant workers. Stricter immigration policies can exacerbate this issue, disrupting project timelines and workforce stability. These labor market dynamics contribute to increased labor costs and operational inefficiencies, putting pressure on the company's margins.

AI Analysis | Feedback

The emergence and increasing adoption of 3D printing technology for residential construction poses a clear emerging threat. If this technology gains widespread acceptance, it could significantly reduce demand for traditional building materials like lumber, manufactured trusses, and wall panels, which constitute a substantial portion of Builders FirstSource's product offerings, by enabling homes to be constructed using alternative methods and materials.

AI Analysis | Feedback

Builders FirstSource (BLDR) operates within the United States, supplying building materials, manufactured components, and construction services primarily to professional homebuilders, subcontractors, remodelers, and consumers.

The estimated addressable markets for Builders FirstSource's main products and services in the U.S. are as follows:

  • Total Addressable Market (U.S.): Builders FirstSource estimates its total addressable market to be approximately $425 billion.

    • New Single-Family Home Market (U.S.): This market is estimated at $160 billion.

    • Multi-Family Market (U.S.): This market is estimated at $140 billion.

    • Repair & Remodel (R&R) Market (U.S.): This market is estimated at $175 billion.

In addition, more specific market sizes for categories relevant to Builders FirstSource's offerings include:

  • U.S. Construction Materials Market: This market was valued at approximately $145.0 billion in 2024 and is projected to reach $196.1 billion by 2032. Another estimate for the U.S. construction materials market in 2022 was $146.8 billion.

  • Lumber & Building Material Stores Market (U.S.): This market size was $160.1 billion in 2024 and is projected to be $160.8 billion in 2025.

  • U.S. Prefabricated Buildings Market: This market stood at $41.45 billion in 2024 and is forecast to advance to $58.41 billion by 2030. The U.S. modular construction market, a segment of prefabricated buildings, was valued at $25.6 billion in 2024 and is estimated to reach $49.6 billion by 2033.

  • U.S. Wood Truss Market: This market was valued at $1.02 billion in 2023 and is expected to grow to approximately $1.45 billion by 2030.

  • U.S. Lumber Demand: Demand for lumber in the U.S. is forecast to reach $51.0 billion by 2025.

  • Wood Framing Industry (U.S.): The revenue for the wood framing industry in the U.S. is estimated to be $31.5 billion in 2025.

AI Analysis | Feedback

Builders FirstSource (BLDR) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic initiatives and anticipated market improvements. Key drivers include:
  • Strategic Acquisitions: The company consistently pursues strategic acquisitions to expand its market presence, enhance its product offerings, and improve supply chain management. Builders FirstSource completed two acquisitions in Q1 2025 with aggregate prior year sales of $565 million and 38 acquisitions since 2021, demonstrating an ongoing commitment to growth through inorganic means. These acquisitions are focused on expanding value-added product offerings and strengthening the company's leadership in desirable geographies. Acquisitions completed within the last twelve months are projected to add approximately 5% to net sales growth in 2025.
  • Growth in Value-Added Products and Services: Builders FirstSource is actively focusing on increasing its mix of higher-margin, value-added products and services. These include manufactured components like roof and floor trusses, wall panels, stairs, millwork, and READY-FRAME®. This strategy aims to address customer labor challenges by offering innovative solutions and driving profitable growth. Value-added product sales increased to $6.4 billion in 2024, representing 38% of net sales, highlighting this strategic focus.
  • Digital Transformation and Innovation: The company is making significant investments in digital solutions and innovations to enhance efficiency, streamline customer processes, and drive sales. This includes the deployment of tools like Paradigm Estimate for faster and more accurate customer quotes and the launch of myBLDR.com. Builders FirstSource aims for $1 billion in incremental sales by 2026 through its digital platform, with digital sales increasing by $19 million in Q1 2025.
  • Recovery in Housing Market Conditions: Despite recent softness in the housing market, Builders FirstSource is positioned to benefit from an anticipated rebound in single-family and multi-family housing starts over the next few years. Analysts predict continued revenue growth supported by strong demand in the housing market and infrastructure development, believing the industry remains underbuilt relative to demographic growth. While 2025 guidance assumes a decline in single-family and multi-family starts, the company expects to outperform in a recovery.
  • Operational Excellence and Productivity Gains: Builders FirstSource is committed to continuous improvement initiatives and leveraging its scale to drive productivity savings. The company achieved $17 million in productivity savings in Q1 2025 through targeted supply chain initiatives and efficient manufacturing processes. These efforts are expected to generate between $70 million and $90 million in productivity savings for the full year 2025, which can support competitive pricing and market share gains, indirectly contributing to revenue growth.

AI Analysis | Feedback

Share Repurchases

  • Builders FirstSource has actively repurchased shares, with $1.5 billion in 2024 and $2.628 billion in 2022.
  • Since the inception of its buyback program in August 2021 through April 30, 2025, the company has repurchased 99.3 million shares for a total cost of $8.0 billion, representing 48.1% of its total shares outstanding.
  • As of May 1, 2025, the Board of Directors authorized the repurchase of up to $500 million of outstanding common stock, which includes approximately $100 million remaining under a prior August 2024 authorization.

Share Issuance

  • Builders FirstSource has primarily focused on reducing its share count, shrinking its share count by 6% over a five-year view due to buybacks.
  • The company reduced its total shares outstanding by 6.8% in 2024.

Outbound Investments

  • A core strategy for Builders FirstSource is to continue making acquisitions, aiming for growth and market consolidation.
  • The company engaged in acquisitions, with $825 million in Q1 2025.
  • Acquisitions completed within the last twelve months are projected to add net sales growth of 4.0% to 4.5% in 2025.

Capital Expenditures

  • Builders FirstSource's total capital expenditures are projected to be in the range of $350 million to $450 million for the full year 2025.
  • Quarterly capital expenditures were around $88 million to $100 million in Q1 2025.
  • The primary focus of capital expenditures is on investing in capacity, operational excellence, supply chain initiatives, digital and technology transformation, and automation to drive efficiency and expand margins.

Better Bets than Builders FirstSource (BLDR)

Trade Ideas

Select ideas related to BLDR. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CNM_11212025_Dip_Buyer_FCFYield11212025CNMCore & MainDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
17.7%17.7%-1.6%
VRRM_11212025_Dip_Buyer_FCFYield11212025VRRMVerra MobilityDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
4.4%4.4%-1.2%
LII_11212025_Dip_Buyer_ValueBuy11212025LIILennox InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
6.3%6.3%0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ADPAutomatic Data ProcessingMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
2.2%2.2%-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%11212025CWCurtiss-WrightQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
6.3%6.3%-0.4%
BLDR_9302023_Quality_Momentum_RoomToRun_10%09302023BLDRBuilders FirstSourceQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
67.5%56.0%-14.7%
BLDR_8312022_Dip_Buyer_FCFYield08312022BLDRBuilders FirstSourceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
46.3%147.5%-9.8%

Recent Active Movers

More From Trefis

Peer Comparisons for Builders FirstSource

Peers to compare with:

Financials

BLDRWSMCASYDKSPAGCARMedian
NameBuilders.Williams.Casey's .Dick's S.Penske A.Avis Bud. 
Mkt Price104.03189.47567.83210.24166.29131.82177.88
Mkt Cap11.523.021.117.911.04.614.7
Rev LTM15,9447,91216,97014,88330,68211,40215,414
Op Inc LTM1,2281,4688971,5121,296-31,262
FCF LTM1,1891,10668289757-9,865720
FCF 3Y Avg1,9531,171497647773-9,621710
CFO LTM1,5771,3511,2581,1191,0703,6311,305
CFO 3Y Avg2,3751,4081,0331,4041,1253,6831,406

Growth & Margins

BLDRWSMCASYDKSPAGCARMedian
NameBuilders.Williams.Casey's .Dick's S.Penske A.Avis Bud. 
Rev Chg LTM-6.4%5.1%13.3%10.9%2.2%-3.2%3.7%
Rev Chg 3Y Avg-11.0%-3.0%4.5%7.1%4.3%-3.6%0.6%
Rev Chg Q-5.0%4.6%14.2%36.3%1.4%3.3%3.9%
QoQ Delta Rev Chg LTM-1.4%1.0%3.4%8.1%0.3%1.0%1.0%
Op Mgn LTM7.7%18.6%5.3%10.2%4.2%-0.0%6.5%
Op Mgn 3Y Avg11.1%17.5%5.0%10.5%4.5%8.9%9.7%
QoQ Delta Op Mgn LTM-1.0%-0.0%0.1%-1.1%-0.1%1.5%-0.0%
CFO/Rev LTM9.9%17.1%7.4%7.5%3.5%31.8%8.7%
CFO/Rev 3Y Avg13.6%18.1%6.6%10.4%3.8%30.8%12.0%
FCF/Rev LTM7.5%14.0%4.0%0.6%2.5%-86.5%3.2%
FCF/Rev 3Y Avg11.1%15.1%3.2%5.0%2.6%-80.0%4.1%

Valuation

BLDRWSMCASYDKSPAGCARMedian
NameBuilders.Williams.Casey's .Dick's S.Penske A.Avis Bud. 
Mkt Cap11.523.021.117.911.04.614.7
P/S0.72.91.21.20.40.41.0
P/EBIT9.415.723.512.67.1-1.811.0
P/E15.320.334.717.511.6-2.216.4
P/CFO7.317.016.816.010.31.313.1
Total Yield6.6%6.3%3.2%6.3%10.9%-45.3%6.3%
Dividend Yield0.0%1.3%0.4%0.6%2.3%0.0%0.5%
FCF Yield 3Y Avg11.7%7.7%3.4%5.9%6.9%-195.9%6.4%
D/E0.50.10.10.40.76.20.4
Net D/E0.50.00.10.40.76.00.4

Returns

BLDRWSMCASYDKSPAGCARMedian
NameBuilders.Williams.Casey's .Dick's S.Penske A.Avis Bud. 
1M Rtn3.5%9.1%5.0%2.5%5.1%0.1%4.2%
3M Rtn-12.8%-5.1%3.9%-8.2%-3.5%-18.5%-6.6%
6M Rtn-10.3%20.1%12.7%14.5%-3.1%-25.0%4.8%
12M Rtn-30.1%2.5%41.3%-4.5%8.9%62.0%5.7%
3Y Rtn59.3%233.9%145.4%103.7%59.7%-14.0%81.7%
1M Excs Rtn0.1%5.7%1.6%-0.9%1.8%-3.3%0.9%
3M Excs Rtn-16.0%-10.4%-0.3%-11.1%-6.8%-24.2%-10.7%
6M Excs Rtn-23.2%5.0%0.0%-4.4%-15.4%-39.4%-9.9%
12M Excs Rtn-47.8%-12.2%24.6%-18.5%-7.9%45.9%-10.0%
3Y Excs Rtn-23.0%165.7%65.2%23.8%-26.4%-101.0%0.4%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Manufactured products4,6695,6764,4041,6401,450
Windows, doors & millwork4,3104,6533,4011,6291,543
Lumber & lumber sheet goods4,1268,0878,4553,0762,252
Specialty building products & services3,9924,3113,634  
Gypsum, roofing & insulation   515529
Other building products & services   925795
Siding, metal & concrete products   774713
Total17,09722,72619,8948,5597,280


Price Behavior

Price Behavior
Market Price$104.03 
Market Cap ($ Bil)11.5 
First Trading Date06/28/2005 
Distance from 52W High-40.0% 
   50 Days200 Days
DMA Price$110.26$121.07
DMA Trenddowndown
Distance from DMA-5.6%-14.1%
 3M1YR
Volatility41.1%46.1%
Downside Capture178.10161.16
Upside Capture78.42102.25
Correlation (SPY)40.7%45.5%
BLDR Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta1.651.311.401.461.081.29
Up Beta1.060.621.571.801.111.30
Down Beta0.852.241.631.520.680.93
Up Capture196%68%39%112%93%340%
Bmk +ve Days12253873141426
Stock +ve Days6131951102382
Down Capture183%139%180%146%132%108%
Bmk -ve Days7162452107323
Stock -ve Days13284373145366

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of BLDR With Other Asset Classes (Last 1Y)
 BLDRSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-28.9%20.9%19.2%71.9%8.9%6.0%-10.4%
Annualized Volatility45.9%18.8%19.5%19.3%15.3%17.1%35.0%
Sharpe Ratio-0.610.870.782.690.360.18-0.12
Correlation With Other Assets 53.8%45.7%-6.8%4.9%50.9%24.4%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of BLDR With Other Asset Classes (Last 5Y)
 BLDRSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return23.8%14.0%14.9%18.7%11.7%4.8%32.6%
Annualized Volatility44.5%17.2%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio0.630.660.700.970.510.170.59
Correlation With Other Assets 59.2%55.2%6.9%8.9%50.0%24.8%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of BLDR With Other Asset Classes (Last 10Y)
 BLDRSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return24.7%13.4%14.7%14.9%6.9%5.2%69.2%
Annualized Volatility48.0%19.9%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.650.600.700.830.310.220.90
Correlation With Other Assets 60.8%57.3%3.4%21.3%50.7%18.2%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity4,578,394
Short Interest: % Change Since 11302025-10.6%
Average Daily Volume1,792,883
Days-to-Cover Short Interest2.55
Basic Shares Quantity110,922,000
Short % of Basic Shares4.1%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/30/2025-3.1%-3.2%-1.8%
7/31/20250.8%3.7%11.1%
5/1/2025-6.4%-11.4%-10.0%
2/20/2025-0.3%-1.9%-11.1%
11/5/20245.0%6.5%2.7%
8/6/20244.1%2.4%12.8%
5/7/2024-19.0%-16.7%-25.3%
2/22/20242.6%5.2%15.0%
...
SUMMARY STATS   
# Positive151514
# Negative778
Median Positive4.0%6.5%14.9%
Median Negative-5.3%-8.7%-10.5%
Max Positive8.5%16.2%35.2%
Max Negative-19.0%-18.4%-59.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251030202510-Q 9/30/2025
6302025731202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024220202510-K 12/31/2024
93020241105202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024507202410-Q 3/31/2024
12312023222202410-K 12/31/2023
93020231101202310-Q 9/30/2023
6302023802202310-Q 6/30/2023
3312023503202310-Q 3/31/2023
12312022228202310-K 12/31/2022
93020221108202210-Q 9/30/2022
6302022801202210-Q 6/30/2022
3312022510202210-Q 3/31/2022
12312021301202210-K 12/31/2021

Insider Activity

Expand for More
 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Johnson Timothy DEVP & General Counsel8262025Sell144.851,250181,06210,649,517Form
1Vance ToddPresident - East Division6122025Buy115.501,948224,9943,594,476Form
2Charles Dirkson R 5292025Buy109.675,000548,350548,350Form
3LEVY PAUL S 5122025Buy110.65216,48323,953,844153,711,660Form