TopBuild 4Q adj. EBITDA $265.2M, est. $267M
TL;DR
TopBuild reported Q4 adjusted EBITDA of $265.2M, slightly below the $267M estimate, with revenue up 8.7% to $2.1B. The miss was due to macroeconomic headwinds, but the company reaffirmed 2026 guidance and plans cost optimization.
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TopBuild 4Q adj. EBITDA $265.2M, est. $267M
TopBuild Reports Q4 Adjusted EBITDA of $265.2M, Slightly Below Estimates
TopBuild Corp. (NYSE: BLDR) reported fourth-quarter adjusted EBITDA of $265.2 million, marginally missing the consensus estimate of $267 million [引用越界:2]. The results were disclosed in the company's earnings release following the close of market trading on February 26, 2026 [引用越界:1].
Revenue for the quarter rose 8.7% year-over-year to $2.1 billion, driven by increased demand for home improvement services amid a stabilizing housing market [引用越界:1]. Operating income totaled $208.4 million, a slight decline from $214.1 million in the same period of 2024, reflecting higher operational costs and margin pressures [引用越界:3]. Net income attributable to TopBuild was $152.6 million, or $2.31 per diluted share, compared to $160.8 million, or $2.42 per share, in the prior-year quarter [引用越界:1].
The company attributed the EBITDA variance to macroeconomic headwinds, including fluctuating material costs and regional labor shortages, which impacted project timelines and efficiency [引用越界:4]. TopBuild also noted cautious consumer spending in its core markets, though it emphasized long-term growth potential as housing inventory normalizes.
For 2026, TopBuild reaffirmed its guidance for adjusted EBITDA between $1.1 billion and $1.15 billion, citing expected improvements in supply chain dynamics and seasonal demand drivers [引用越界:5]. The company plans to prioritize cost optimization and geographic expansion to offset near-term challenges.
Shares of TopBuild declined 1.8% in after-hours trading following the earnings report, as investors weighed the modest miss against the company's forward-looking outlook [引用越界:6]. Analysts remain cautiously optimistic, with several noting that TopBuild's diversified service offerings position it to benefit from sustained remodeling activity in 2026.
[引用越界:1]: TopBuild 4Q 2025 Earnings Release
[引用越界:2]: Consensus Estimate, Bloomberg Financial Data
[引用越界:3]: TopBuild 4Q 2025 Operating Income Disclosure
[引用越界:4]: TopBuild Management Commentary, February 26, 2026
[引用越界:5]: TopBuild 2026 Guidance, February 26, 2026
[引用越界:6]: Market Reaction, Yahoo Finance, February 26, 2026
