TopBuild Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	503.16	521.73	622.6	614.25	555.99	324.02
Depreciation & Amortization	189.88	169.37	140.49	132.88	123.34	79.39
Stock-Based Compensation	16.23	16.64	16.58	15.84	12.31	11.32
Other Adjustments	14.34	22.94	23.76	9.03	22.91	24.35
Change in Receivables	42.35	79.77	56.02	20.81	-169.33	-69.04
Changes in Inventories	0.97	17.09	-41.72	74.53	-93.87	-46.52
Changes in Accounts Payable	-1.62	-65.43	-30.42	-8.87	26.58	54.96
Changes in Accrued Expenses	4.99	-0.8	-5.82	-4.44	20.7	24.82
Changes in Other Operating Activities	-5.56	-5	-5.47	-4.62	-2.83	-0.27
Operating Cash Flow	764.47	756.32	776.03	849.41	495.8	403.03
Operating Cash Flow Growth	1.95%	-2.54%	-8.64%	71.32%	23.02%	12.61%
Capital Expenditures	-60.04	-59.43	-69.35	-64	-76.38	-55.55
Sale of Property, Plant & Equipment	1.37	1.22	2.59	14.98	2.98	0.42
Payments for Business Acquisitions	-1,960	-1,932	-136.77	-149.15	-20.5	-1,267
Investing Cash Flow	-2,019	-1,990	-203.52	-198.17	-93.91	-1,322
Short-Term Debt Issued	65	178	-	-	70	-
Short-Term Debt Repaid	-65	-178	-	-	-70	-
Long-Term Debt Issued	1,500	2,000	-	-	-	1,219
Long-Term Debt Repaid	-520	-515.63	-47.04	-40.14	-38.66	-433.07
Net Long-Term Debt Issued (Repaid)	980	1,484	-47.04	-40.14	-38.66	785.68
Issuance of Common Stock	4.17	2.77	3.23	3.13	2.03	3.3
Repurchase of Common Stock	-238.11	-439.91	-972.46	-6.53	-261.77	-44.36
Net Common Stock Issued (Repurchased)	-233.94	-437.14	-969.23	-3.4	-259.74	-41.06
Other Financing Activities	-20.53	-30.47	-	-0.3	-1.67	-15.62
Financing Cash Flow	1,214	1,017	-1,016	-43.84	-300.07	729.01
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.93	1.78	-4.48	1.09	-1.53	-0.02
Net Cash Flow	-39.96	-215.58	-448.25	608.5	100.29	-190.23
Free Cash Flow	704.43	696.89	706.68	785.41	419.42	347.48
Free Cash Flow Growth	1.08%	-1.39%	-10.03%	87.26%	20.70%	9.63%
FCF Margin	12.53%	12.88%	13.26%	15.12%	8.37%	9.97%
Free Cash Flow Per Share	24.94	24.42	23.03	24.72	12.93	10.48
Levered Free Cash Flow	1,612	2,062	563.28	699.59	514.87	1,167
Unlevered Free Cash Flow	715.07	643.04	644.05	779.43	594.75	420.2

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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