TopBuild Corp. Earnings Recaps
Q3 2025
Nov 5, 2025
TopBuild reported solid third-quarter results, achieving 1.4% sales growth to $1.4 billion, driven mainly by strategic acquisitions despite a challenging macro environment.
Key takeaways
- Acquired Progressive Roofing and several other companies, building a strong platform for growth in the commercial roofing sector with projected annual run-rate synergies of $35-$40 million over the next two years.
- Adjusted EBITDA margin held steady at 19.8%, reflecting continued operational excellence and focus on profitability.
- Sales growth driven by M&A contributions of 7.9%, however, volume declined by 6.7% due to weaker residential market conditions.