Builders FirstSource, Inc.

Retail-Lumber & Other Building Materials Dealers

BLDRStrained5 of 10 basics passed

$53.30

-0.94%

Market cap $5.74B

$53.30

-0.94%

Market cap $5.74B

Builders FirstSource Inc is a manufacturer and supplier of building materials. The company offers structural and related building products such as factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.

It is a $5.74B consumer company. Revenue shrank 9.4% over the last year, it keeps 1¢ of every dollar of sales as profit, and its net debt equals ~6.7 years of free cash flow. It trades at 55.5× earnings — near the highest of its own history.

Website: bldr.com
Location: Irving, TX
Employees: 28 000
Sector: Consumer Cyclical

Share price · 3 years

$123.14 → $53.30-56.7%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $14.4B
Profit: keeps 1¢ of every $1 sold; $103M
Free cash flow: cash left after running the business; $639M
Net debt: debt minus cash on hand; $4.26B
P/E: years of profit in the price; 55.5
EPS: earnings per share, TTM; $0.92
Shares: shares outstanding; 111.8M
Volatility: beta vs the market — under 1 swings less; 1.47

Revenue, last 10 years

52-week range

Low $52.85$53.30High $128.96

Today's price is 1% of the way from the year's low to its high.

P/E vs its history5y

55.5×median 11.1×

Higher than 94% of past days — near the highest of its own history.

Valuation vs own history

P/E

55.5×

P/S

0.4×

100%

EV/EBITDA

24.9×

P/B

1.4×

100%

FCF yield

11.2%

52%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Standing in Consumer Cyclical

Size$5.74Btop 94%
Revenue growth-13%top 99%
Net margin1%top 92%
Return on equity2%top 90%
P/E55.5×top 91%

Ranked against 99 Consumer Cyclical companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Growth, Profitability and Health lag behind.

Valuation70

P/E vs own history94th pct · 0/25
FCF yield11.1% · 25/25
P/S0.4x · 25/25
EV/EBITDA10.1x · 20/25

Growth37

Revenue CAGR-6.5% · 0/25
Net income CAGR-29.1% · 0/25
EPS CAGR ~5Y7.9% · 12/25
Fwd implied growth228.6% · 25/25

Profitability21

ROIC5.1% · 5/25
ROE2.5% · 5/25
Net margin0.7% · 6/25
Operating margin3.0% · 5/25

Health33

Altman Zn/a · 0/25
Current ratio1.79 · 18/25
Interest coverage2.9x · 10/25
Net cash / debtD/A 38% · 5/25

Quality60

Piotroski F5/9 · 15/25
Beneish M-2.86 · 25/25
FCF conversionn/a · 0/25
Margin stabilityσ 5.4% · 20/25

Moat68

ROIC >12% years9/10 yrs · 25/25
Median gross margin28.3% · 6/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst 0.6% · 12/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2022Financial
Best year on record
$2.75B net income
FY2021Financial
Revenue crossed $10B
$19.9B for the year
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $1B
$6.37B in first reported year
FY2016Financial
Positive free cash flow every year since
10-year streak

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$9 956 today — price return only

$15.2B revenue in FY2025

Profitable 10 years in a row

Positive free cash flow 10 years in a row

28 000 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

No standout strengths in the available data.

Watch-outs

Revenue shrinking 9.4% year over year
Net debt equals ~6.7 years of free cash flow

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

5 of 10 checks passed

Revenue growing — the company sells more than a year ago-9.4% YoY
Profitable — makes more than it spends$103M TTM
Profit growing — earnings are higher than last year-38.7% YoY
Generates cash — cash left after running and investing$639M TTM
Debt under control — could handle its obligations~6.7y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$5.74B market cap
Not printing shares — share count not ballooning — you keep your slice-5.2% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distresshealth score 28/100
Pays a dividend — returns cash to shareholdersno data
Valuation not extreme — price not wildly above earningsP/E 55.5

Peer comparisonBuilders FirstSource, Inc. vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
BLDR this company	$5.7B	55.5	-9.4%	0.7%	Strained
AMZN Amazon.Com Inc	$2.8T	20.9	+15.8%	17.4%	Mixed
TSLA Tesla, Inc.	$1.5T	397.1	+11.8%	3.7%	Strong
NFLX NetFlix Inc	$292.8B	21.4	+16.0%	28.2%	Solid
HD Home Depot, Inc.	$290.4B	20.4	-16.0%	8.7%	Solid
DIS The Walt Disney Company	$186.5B	21.7	+4.6%	8.7%	Solid
MCD McDonald's Corporation	$166.9B	18.9	+6.3%	31.7%	Strained

Head-to-head: BLDR vs AMZN · BLDR vs TSLA · BLDR vs NFLX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 4Buy 13Hold 15Sell 1

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $14.4B · net income $103M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$14.4B

YoY -9.4%

Net income (TTM)

$103M

Margin 0.7%

Gross margin

29.2%

Operating margin

3.0%

P/E ratio

55.5

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	8.6	19.9	22.7	17.1	16.4	15.2
Gross profit	2.2	5.9	7.7	6.0	5.4	4.6
Operating income (EBIT)	0.5	2.4	3.8	2.2	1.6	0.8
Net income	0.3	1.7	2.7	1.5	1.1	0.4
EPS (diluted)	2.66	8.48	16.82	11.94	9.06	3.89

Cash flowFree cash flow $639M · operating cash flow $898M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$639M

Margin 4.4%

Operating cash flow (TTM)

$898M

FCF margin

4.4%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.3	1.7	3.6	2.3	1.9	1.2
Capital expenditure	-0.1	-0.2	-0.3	-0.5	-0.4	-0.4
Free cash flow	0.1	1.5	3.3	1.8	1.5	0.9
FCF margin	1.7%	7.6%	14.3%	10.7%	9.1%	5.6%

Balance sheetAssets $11.2B · net debt $4.26B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $11.2B of assets is financed

61%

39%

Liabilities $6.89B — borrowed moneyEquity $4.35B — owners' stake

Cash vs debt

Total debt $4.44B − cash $182M = net debt $4.26B

Cash on hand covers 4% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

2.9x

EBIT ÷ interest expense

ROE

2.5%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.4	0.0	0.1	0.1	0.2	0.2
Total assets	4.2	10.7	10.6	10.5	10.6	11.2
Total liabilities	3.0	5.9	5.6	5.8	6.3	6.9
Total debt	1.6	2.9	3.0	3.7	3.7	4.4
Equity	1.2	4.8	5.0	4.7	4.3	4.4
Net debt	1.2	2.9	2.9	3.6	3.6	4.3

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of BLDR on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $53.30 · market cap $5.74B.