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Held by 119 of 2,417 reporting institutions (91th percentile) — extremely crowded.
Data as of Q3 2026
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Ranked against 6 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HD | $328.4B | 23.1× | 15.4× | 2.0× | 3.2% | 33.3% | 8.6% | 110% | 22.8% | 2.0× | 1,478 |
| LOW | $117.2B | 17.6× | 12.6× | 1.4× | 3.1% | 33.5% | 7.7% | -67.1% | 22.3% | 3.1× | 899 |
| SHW | $80.4B | 32.4× | 24.5× | 3.4× | 2.1% | 48.8% | 10.9% | 55.9% | 17.0% | 2.8× | 535 |
| FAST | $59.6B | 47.6× | 32.4× | 7.3× | 8.7% | 45.0% | 15.3% | 31.9% | 30.9% | -0.1× | 462 |
| TSCO | $17.7B | 16.5× | 9.8× | 1.1× | 4.3% | 36.4% | 7.1% | 42.5% | 25.2% | 0.8× | 301 |
| BLDR | $7.0B | 16.7× | 8.2× | 0.5× | -7.4% | 30.4% | 2.9% | 10.0% | 4.9% | 3.1× | 119 |
| FND | $5.1B | 24.8× | 10.3× | 1.1× | 5.1% | 43.6% | 4.5% | 8.7% | 8.0% | 0.4× | 88 |
Peers = companies sharing BLDR's sector (Retail-Lumber & Other Building Materials Dealers) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 3 positive fiscal years (FY2023, FY2024, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $64.91 today, the market must believe free cash flow compounds -4.9%/yr for a decade (off $1.39B on the 3-yr avg basis).
On the basis ($1.34B) the requirement is -4.3%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's -4.9% is more conservative than its 9-yr track record.
Default is 10.0% — this company's computed cost of capital (published default — this company's cost of capital could not be computed), the same rate the Analysis tab discounts at.
2-stage DCF · 0.11B shares (market data) · net debt $4.26B
Today's price is outside this grid at every discount rate shown — the assumptions it requires lie beyond the plotted range, which is itself the finding.
mean 116.0% · volatility σ 310% · implied rate exceeded in 5/9 yrs
Central path = implied -4.9%/yr growth; shaded band = ±1σ (310%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $414.0M buybacks = $414.0M returned on $853.3M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Modest payoff on reinvested capital. Current ROIC on all capital: 5%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $14.1M covers the $0 due within a year 14096000.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2019-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~10.8% on $1.78B of debt. Interest last disclosed in FY2017 (no longer broken out).
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.19B 100.0% | $16.40B 100.0% | $17.10B 100.0% | $22.73B 100.0% | $19.89B 100.0% | $8.56B 100.0% | $7.28B 100.0% | $7.72B 100.0% | $7.03B 100.0% | $6.37B 100.0% |
| Cost of Revenue | $10.57B 69.6% | $11.02B 67.2% | $11.08B 64.8% | $14.98B 65.9% | $14.04B 70.6% | $6.34B 74.0% | $5.30B 72.8% | $5.80B 75.1% | $5.31B 75.4% | $4.77B 74.9% |
| Gross Profit | $4.62B 30.4% | $5.38B 32.8% | $6.01B 35.2% | $7.74B 34.1% | $5.85B 29.4% | $2.22B 26.0% | $1.98B 27.2% | $1.92B 24.9% | $1.73B 24.6% | $1.60B 25.1% |
| Selling, General & Admin | $3.83B 25.2% | $3.79B 23.1% | $3.84B 22.4% | $3.97B 17.5% | $3.46B 17.4% | $1.68B 19.6% | $1.58B 21.8% | $1.55B 20.1% | $1.44B 20.5% | $1.36B 21.4% |
| Operating Income | $786.3M 5.2% | $1.60B 9.7% | $2.18B 12.7% | $3.77B 16.6% | $2.39B 12.0% | $543.9M 6.4% | $392.3M 5.4% | $369.0M 4.8% | $285.1M 4.1% | $236.3M 3.7% |
| Interest Expense | — | — | — | — | — | — | — | — | $193.2M 2.7% | $214.7M 3.4% |
| Pretax Income | $512.4M 3.4% | $1.39B 8.5% | $1.98B 11.6% | $3.57B 15.7% | $2.25B 11.3% | $408.2M 4.8% | $282.8M 3.9% | $260.8M 3.4% | $91.9M 1.3% | $21.7M 0.3% |
| Income Tax Expense | $77.2M 0.5% | $309.6M 1.9% | $443.6M 2.6% | $822.5M 3.6% | $526.1M 2.6% | $94.6M 1.1% | $60.9M 0.8% | $55.6M 0.7% | $53.1M 0.8% | -$122.7M -1.9% |
| Net Income | $435.2M 2.9% | $1.08B 6.6% | $1.54B 9.0% | $2.75B 12.1% | $1.73B 8.7% | $313.5M 3.7% | $221.8M 3.0% | $205.2M 2.7% | $38.8M 0.6% | $144.3M 2.3% |
| Per Share | ||||||||||
| 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 |
| Weighted Avg Shares (Basic) | 111.4M | 118.0M | 127.8M | 162.0M | 201.8M | 116.6M | 115.7M | 114.6M | 112.6M | 110.8M |
| Weighted Avg Shares (Diluted) | 111.8M | 119.0M | 129.0M | 163.5M | 203.5M | 117.9M | 117.0M | 116.6M | 115.6M | 113.6M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Last reported position per insider, carried forward. Steps can be a holding disclosed for the first time rather than a trade.
| Date | Insider | What it was | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-18 | Hiller Michael COO-Designate | Grant | 12,808 | $0.00 | $0 |
| 2026-09-10 | Charles Dirkson R Director | Grant | 470 | $0.00 | $0 |
| 2026-09-10 | Oleary James Director | Grant | 564 | $0.00 | $0 |
| 2026-09-10 | Steinke Craig Arthur Director | Grant | 564 |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.
| $0.00 |
| $0 |
| 2026-09-10 | Renz Maria Director | Grant | 489 | $0.00 | $0 |
| 2026-09-10 | Levy Paul S Director | Grant | 1,204 | $0.00 | $0 |
| 2026-09-10 | Hayes William B Director | Grant | 583 | $0.00 | $0 |
| 2026-09-10 | Christophe Cleveland A Director | Grant | 564 | $0.00 | $0 |
| 2026-09-10 | Boydston Cory Jacobs Director | Grant | 470 | $0.00 | $0 |
| 2026-07-18 | O'Brien Matthew Coley Chief Human Resources Officer | Grant | 7,406 | $0.00 | $0 |
| 2026-07-18 | Vaughn Paul President - West Division | Grant | 3,366 | $0.00 | $0 |
| 2026-07-18 | Vance Todd President - East Division | Grant | 3,366 | $0.00 | $0 |
| 2026-06-13 | Narayan Gayatri President - Tech & Digital | Tax withholding | 2,842 | $77.77 | $221k |
| 2026-06-05 | Herron Stephen J Chief Operating Officer | Gift | 850 | $0.00 | $0 |
| 2026-06-04 | Hiller Michael COO-Designate | Gift | 900 | $0.00 | $0 |
| 2026-06-01 | Renz Maria Director | Grant | 426 | $76.26 | $32k |
| 2026-06-01 | Alexander Mark A Director | Grant | 409 | $76.26 | $31k |
| 2026-06-01 | Levy Paul S Director | Grant | 1,049 | $76.26 | $80k |
| 2026-06-01 | Boydston Cory Jacobs Director | Grant | 409 | $76.26 | $31k |
| 2026-06-01 | Oleary James Director | Grant | 491 | $76.26 | $37k |
| 2026-06-01 | Christophe Cleveland A Director | Grant | 491 | $76.26 | $37k |
| 2026-06-01 | Hayes William B Director | Grant | 508 | $76.26 | $39k |
| 2026-06-01 | Charles Dirkson R Director | Grant | 409 | $76.26 | $31k |
| 2026-06-01 | Steinke Craig Arthur Director | Grant | 491 | $76.26 | $37k |
| 2026-05-14 | Levy Paul S Director | Grant | 2,558 | $0.00 | $0 |
| 2026-05-14 | Hayes William B Director | Grant | 2,558 | $0.00 | $0 |
| 2026-05-14 | Renz Maria Director | Grant | 2,558 | $0.00 | $0 |
| 2026-05-14 | Christophe Cleveland A Director | Grant | 2,558 | $0.00 | $0 |
| 2026-05-14 | Alexander Mark A Director | Grant | 2,558 | $0.00 | $0 |
| 2026-05-14 | Rush David E Director | Grant | 2,558 | $0.00 | $0 |
| 2026-05-14 | Milgrim Brett N Director | Grant | 2,558 | $0.00 | $0 |
| 2026-05-14 | Steinke Craig Arthur Director | Grant | 2,558 | $0.00 | $0 |
| 2026-05-14 | Boydston Cory Jacobs Director | Grant | 2,558 | $0.00 | $0 |
| 2026-05-14 | Ainoa Cheryl Director | Grant | 2,558 | $0.00 | $0 |
| 2026-05-14 | Charles Dirkson R Director | Grant | 2,558 | $0.00 | $0 |
| 2026-05-14 | Oleary James Director | Grant | 2,558 | $0.00 | $0 |
| 2026-05-08 | Rush David E Director | Open-market sale | 5,000 | $78.17 | $391k |
| 2026-03-15 | 3 co-filers Principal Accounting Officer | Grant | 1,419 | $0.00 | $0 |
| 2026-03-15 | 3 co-filers President - Central Division | Grant | 7,663 | $0.00 | $0 |
| 2026-03-15 | 3 co-filers Chief Operating Officer | Grant | 15,325 | $0.00 | $0 |
EOD close · as of 2026-10-30
Where each multiple sits in its own 14-yr range · 42th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 10% against ROIC 5% — 5% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 6.9× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 75.1 | 72.8 | 74.0 | 70.6 | 65.9 | 64.8 | 67.2 | 69.6 |
| Gross Profit | 24.9 | 27.2 | 26.0 | 29.4 | 34.1 | 35.2 | 32.8 | 30.4 |
| SG&A | 20.1 | 21.8 | 19.6 | 17.4 | 17.5 | 22.4 | 23.1 | 25.2 |
| Operating Income | 4.8 | 5.4 | 6.4 | 12.0 | 16.6 | 12.7 | 9.7 | 5.2 |
| Income Tax | 0.7 | 0.8 | 1.1 | 2.6 | 3.6 | 2.6 | 1.9 | 0.5 |
| Net Income | 2.7 | 3.0 | 3.7 | 8.7 | 12.1 | 9.0 | 6.6 | 2.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BLDR: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
The spread has compressed 3 years running.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 13.0% | 5.9% (today's — no rate published for this year) | 7.1pts |
| FY2020 | 15.5% | 5.9% (today's — no rate published for this year) | 9.7pts |
| FY2021 | 23.2% | 5.9% (today's — no rate published for this year) | 17.3pts |
| FY2022 | 35.7% | 5.9% (today's — no rate published for this year) | 29.9pts |
| FY2023 | 20.6% | 5.9% (today's — no rate published for this year) | 14.8pts |
| FY2024 | 14.8% | 5.9% (today's — no rate published for this year) | 8.9pts |
| FY2025 | 6.7% | 5.9% (today's — no rate published for this year) | 0.8pts |
| Now | 4.9% | 5.9% | -0.9pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 25.1% | 3.7% | 2.3% |
| FY2017 | 24.6% | 4.1% | 0.6% |
| FY2018 | 24.9% | 4.8% | 2.7% |
| FY2019 | 27.2% | 5.4% | 3.0% |
| FY2020 | 26.0% | 6.4% | 3.7% |
| FY2021 | 29.4% | 12.0% | 8.7% |
| FY2022 | 34.1% | 16.6% | 12.1% |
| FY2023 | 35.2% | 12.7% | 9.0% |
| FY2024 | 32.8% | 9.7% | 6.6% |
| FY2025 | 30.4% | 5.2% | 2.9% |
Leverage and buybacks account for 5 points of the 10% return on equity in FY2025. The business earns 5% on the capital it employs; the rest is balance sheet.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
$4.2B of goodwill — 45% of invested capital. The gap is what was paid above the fair value of what was bought; it is real capital shareholders provided, so neither bar is the whole answer.
ROIC ex-goodwill is 12.15% against 6.73% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Converts 1.32x of reported profit into free cash flow over 5 years, with accruals negative.
Capex has been below depreciation for 6 consecutive years (0.65x on average over the last 5). Spending less than the asset base is consuming flatters free cash flow now and defers the cost — though depreciation also covers amortisation of acquired intangibles, which capex is not meant to replace.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
This schedule comes from a filing dated 2019-12-31, 2496 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2019-12-31 (10-K); cash from the 2019-12-31 balance sheet; FCF from FY2019.
Balance sheet at 2019-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: interest_expense.
At $64.91, free cash flow must compound -4.09%/yr for 10 years. It has done 13.88%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | −62.2% | −4.1% |
| FY2021 | 924.2% | −4.1% |
| FY2022 | 115.0% | −4.1% |
| FY2023 | −43.8% | −4.1% |
| FY2024 | −18.5% | −4.1% |
| FY2025 | −42.8% | −4.1% |
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM.
The cost of capital could not be computed for this company, so the requirement is solved at the published 10% default — a different rate would move it materially.
| Step | Amount | Running total |
|---|---|---|
| Net income | $435M | $435M |
| Share-based comp | $54M | $489M |
| Other non-cash & working capital | $727M | $1.22B |
| Operating cash flow | $1.22B | $1.22B |
| Capex | −$363M | $853M |
| Free cash flow | $853M | $853M |
| FCF after SBC | $800M | $800M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 17.6% | 33.8% | 16.2 points |
| FY2021 | 132.4% | 107.7% | -24.8 points |
| FY2022 | 14.2% | -15.3% | -29.5 points |
| FY2023 | -24.8% | -0.8% | 24.0 points |
| FY2024 | -4.1% | -19.1% | -15.0 points |
| FY2025 | -7.4% | -8.8% | -1.4 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 30.8 days | 38.6 days | 30.1 days | 39.4 days |
| FY2020 | 35.1 days | 45.2 days | 34.6 days | 45.7 days |
| FY2021 | 31.4 days | 42.3 days | 28.4 days | 45.2 days |
| FY2022 | 23.3 days | 34.7 days | 19.6 days | 38.4 days |
| FY2023 | 30.7 days | 40.4 days | 29 days | 42.1 days |
| FY2024 | 25.9 days | 40.2 days | 28.8 days | 37.3 days |
| FY2025 | 25.5 days | 37.8 days | 24.7 days | 38.6 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -8.7 percent |
| FY2020 | 1.3 percent |
| FY2021 | -0.2 percent |
| FY2022 | -8.0 percent |
| FY2023 | -7.3 percent |
| FY2024 | -7.5 percent |
| FY2025 | -7.0 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Below the line for 6 consecutive years to the latest.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.