Builders FirstSource, Inc. BLDR
We are a leading provider of building materials for professional builders in new residential construction and repair and remodeling. We deliver integrated homebuilding solutions by manufacturing, supplying, and installing a full range of structural and related building products. The Company operates approximately 585 locations in 43 states across the United States ("U.S."), which are internally organized into geographic operating divisions. Due to the similar economic characteristics, categories of products, distribution methods and customers, our operating divisions are aggregated into one reportable segment.
Our leading network of strategically located manufacturing facilities produces factory-built roof and floor trusses, wall panels, vinyl windows, custom millwork and trim, manufactured and semi-custom modular homes, as well as engineered wood that we design and cut specifically for each home. We also assemble interior and exterior doors into pre-hung units for easy installation. Additionally, we distribute a wide range of building products, including lumber, sheet goods, windows, doors, millwork, and specialty items. Our services, which vary by market, include professional installation, turnkey framing, and shell construction. Supported by the latest construction innovations and digital solutions, we help drive greater efficiency across homebuilding.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.19B | $16.40B | $17.10B | $22.73B | $19.89B | $8.56B | $7.28B | $7.72B | $7.03B | $6.37B |
| Cost of revenue | $10.57B | $11.02B | $11.08B | $14.98B | $14.04B | $6.34B | $5.30B | $5.80B | $5.31B | $4.77B |
| Gross profit | $4.62B | $5.38B | $6.01B | $7.74B | $5.85B | $2.22B | $1.98B | $1.92B | $1.73B | $1.60B |
| SG&A | $3.83B | $3.79B | $3.84B | $3.97B | $3.46B | $1.68B | $1.58B | $1.55B | $1.44B | $1.36B |
| Operating income | $786.3M | $1.60B | $2.18B | $3.77B | $2.39B | $543.9M | $392.3M | $369.0M | $285.1M | $236.3M |
| Interest expense | — | — | — | — | — | — | — | — | $193.2M | $214.7M |
| Pre-tax income | $512.4M | $1.39B | $1.98B | $3.57B | $2.25B | $408.2M | $282.8M | $260.8M | $91.9M | $21.7M |
| Income tax | $77.2M | $309.6M | $443.6M | $822.5M | $526.1M | $94.6M | $60.9M | $55.6M | $53.1M | $122.7M |
| Net income | $435.2M | $1.08B | $1.54B | $2.75B | $1.73B | $313.5M | $221.8M | $205.2M | $38.8M | $144.3M |
| EPS, basic | 3.91 | 9.13 | 12.06 | 16.98 | 8.55 | 2.69 | 1.92 | 1.79 | 0.34 | 1.30 |
| EPS, diluted | 3.89 | 9.06 | 11.94 | 16.82 | 8.48 | 2.66 | 1.90 | 1.76 | 0.34 | 1.27 |
| Shares, diluted (wtd. avg.) | $111.8M | $119.0M | $129.0M | $163.5M | $203.5M | $117.9M | $117.0M | $116.6M | $115.6M | $113.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $181.8M | $153.6M | $66.2M | $80.4M | $42.6M | $423.8M | $14.1M | $10.1M | $57.5M | $14.4M |
| Receivables | $1.06B | $1.16B | $1.44B | $1.45B | $1.71B | $822.8M | $614.9M | $654.2M | $632.0M | $569.2M |
| Inventory | $1.09B | $1.21B | $1.23B | $1.43B | $1.63B | $784.5M | $561.3M | $596.9M | $601.5M | $541.8M |
| Total current assets | $2.93B | $3.14B | $3.30B | $3.50B | $3.97B | $2.22B | $1.31B | $1.37B | $1.40B | $1.22B |
| Property, plant and equipment | $2.20B | $1.96B | $1.80B | $1.57B | $1.39B | $749.1M | $721.9M | $670.1M | $639.3M | $656.1M |
| Goodwill | $4.14B | $3.68B | $3.56B | $3.46B | $3.27B | $785.3M | $769.0M | $740.4M | $740.4M | $740.4M |
| Other intangibles | $1.18B | $1.10B | $1.30B | $1.55B | $1.60B | $119.9M | $128.4M | $103.2M | $132.6M | $159.4M |
| Total assets | $11.24B | $10.58B | $10.50B | $10.60B | $10.71B | $4.17B | $3.25B | $2.93B | $3.01B | $2.91B |
| Accounts payable | $714.7M | $868.1M | $881.4M | $803.5M | $1.09B | $600.4M | $436.8M | $423.2M | $514.3M | $409.8M |
| Total current liabilities | $1.57B | $1.78B | $1.86B | $1.84B | $2.13B | $1.07B | $821.3M | $731.3M | $798.4M | $754.7M |
| Total liabilities | $6.89B | $6.29B | $5.77B | $5.63B | $5.91B | $3.02B | $2.42B | $2.34B | $2.63B | $2.60B |
| Retained earnings | $153.9M | $24.1M | $460.2M | $703.5M | $540.0M | $562.4M | $248.8M | $35.0M | -$171.7M | -$219.4M |
| Total equity | $4.35B | $4.30B | $4.73B | $4.96B | $4.80B | $1.15B | $825.0M | $596.3M | $376.2M | $309.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.22B | $1.87B | $2.31B | $3.60B | $1.74B | $260.1M | $504.0M | $282.8M | $178.5M | $158.2M |
| Depreciation and amortisation | $591.4M | $561.9M | $558.3M | $497.1M | $547.4M | $116.6M | $100.0M | $97.9M | $93.0M | $109.8M |
| Stock-based compensation | $53.5M | $63.1M | $48.5M | $31.3M | $31.5M | $17.0M | $12.2M | $14.4M | $13.5M | $10.5M |
| Capital expenditure | $362.6M | $380.6M | $476.3M | $340.2M | $227.9M | $112.1M | $112.9M | $101.4M | $62.4M | $42.7M |
| Investing cash flow | -$1.47B | -$710.7M | -$668.3M | -$957.5M | -$1.34B | -$136.2M | -$199.2M | -$96.7M | -$59.4M | -$38.3M |
| Financing cash flow | $279.4M | -$1.07B | -$1.65B | -$2.60B | -$780.1M | $285.9M | -$300.9M | -$233.6M | -$76.0M | -$170.5M |
| Buybacks | $414.0M | $1.52B | $1.81B | $2.59B | $1.71B | $4.2M | $10.4M | $4.9M | $2.6M | $1.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-054643.
Others in SIC 5211
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|---|---|---|---|---|
| HD | HOME DEPOT, INC. | $320.31B | 22.6x | 3.2% |
| LOW | LOWES COMPANIES INC | $114.71B | 17.3x | 3.1% |
| FND | Floor & Decor Holdings, Inc. | $5.35B | 26.2x | 5.1% |
| JCTC | JEWETT CAMERON TRADING CO LTD | $10.3M | — | -12.4% |