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BLDR

Builders FirstSource, Inc.

BLDR

Builders FirstSource, Inc. • NYSE
$110.01 ▼ -1.56% (-1.74)
Market Cap $12.16 B
52w High $188.54
52w Low $94.35
Dividend Yield 0%
P/E 20.87
Volume 785.53K
Outstanding Shares 110.58M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.941B ▼ $970.715M ▼ $122.384M ▼ 3.105% ▼ $1.11 ▼ $376.303M ▼
Q2-2025 $4.234B ▲ $987.754M ▲ $185.031M ▲ 4.37% ▲ $1.67 ▲ $458.811M ▲
Q1-2025 $3.657B ▼ $930.8M ▲ $96.304M ▼ 2.633% ▼ $0.85 ▼ $329.472M ▼
Q4-2024 $3.82B ▼ $930M ▼ $190.2M ▼ 4.979% ▼ $1.66 ▼ $440.634M ▼
Q3-2024 $4.232B $958.31M $284.783M 6.728% $2.45 $569.728M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $296.162M ▲ $11.431B ▼ $7.115B ▼ $4.316B ▲
Q2-2025 $87.02M ▼ $11.465B ▲ $7.286B ▲ $4.178B ▼
Q1-2025 $115.371M ▼ $11.448B ▲ $7.073B ▲ $4.374B ▲
Q4-2024 $153.624M ▼ $10.583B ▼ $6.287B ▼ $4.296B ▼
Q3-2024 $328.103M $10.894B $6.447B $4.447B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $122.384M ▼ $547.724M ▲ $-102.495M ▲ $-236.087M ▼ $209.142M ▲ $461.906M ▲
Q2-2025 $185.031M ▲ $341.04M ▲ $-147.417M ▲ $-221.974M ▼ $-28.351M ▲ $252.301M ▲
Q1-2025 $96.304M ▼ $132.328M ▼ $-912.056M ▼ $741.475M ▲ $-38.253M ▲ $32.354M ▼
Q4-2024 $190.244M ▼ $373.463M ▼ $-175.835M ▲ $-372.107M ▼ $-174.479M ▼ $273.791M ▼
Q3-2024 $284.783M $729.958M $-219.259M $-258.165M $252.534M $630.38M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Lumber And Lumber Sheet Goods
Lumber And Lumber Sheet Goods
 $2.14Bn ▲$970.00M ▼$1.13Bn ▲$1.00Bn ▼
Manufactured Products
Manufactured Products
 $1.95Bn ▲$850.00M ▼$950.00M ▲$870.00M ▼
Specialty Building Products And Services
Specialty Building Products And Services
 $2.07Bn ▲$910.00M ▼$1.12Bn ▲$1.09Bn ▼
Windows Doors And Millwork
Windows Doors And Millwork
 $2.11Bn ▲$920.00M ▼$1.03Bn ▲$990.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits surged earlier in the period with the housing and renovation boom, then stepped down more recently as the market cooled, though they remain far higher than pre‑2020 levels. Profitability is still solid: the company earns healthy gross and operating profits, even after the peak years passed. Earnings per share have come down from exceptionally strong levels but are still robust, suggesting the business is adjusting to a more normal environment rather than suffering a structural decline. Overall, this looks like a cyclical normalization from very strong conditions, not a collapse in the core economics of the business.

Balance Sheet

Balance Sheet The balance sheet shows a much larger company than it was a few years ago, with total assets and shareholder equity both meaningfully higher than pre‑pandemic levels. Debt has increased along the way and now represents a significant, but not extreme, part of the capital structure. Cash on hand is relatively low, which underscores reliance on ongoing cash generation and credit lines rather than a large cash cushion. In simple terms, the company is bigger and more capital‑intensive, carries noticeable leverage, but has built up equity to support that leverage.

Cash Flow

Cash Flow Cash flow from operations has been consistently strong, tracking the pattern of earnings: very high at the peak, easing more recently but still solid. Free cash flow remains comfortably positive after funding investment in facilities and technology, and capital spending has been steady rather than aggressive. This indicates the business converts a good portion of its accounting profits into actual cash and has room to invest for growth while still retaining cash for debt reduction, acquisitions, or shareholder returns. The main sensitivity remains the housing cycle, which can swing working capital needs and cash generation up or down.

Competitive Edge

Competitive Edge Builders FirstSource holds a leading, national position in a highly fragmented construction supply market, which gives it clear scale and purchasing advantages. Its integrated model—combining traditional materials, value‑added manufactured components, and installation services—makes it more of a strategic partner than a basic lumberyard. Deep relationships with large homebuilders, a broad geographic footprint, and a history of bolt‑on acquisitions further entrench its role. The flip side is exposure to new housing and remodeling cycles, but within that cyclical market, its competitive footing appears strong and difficult for smaller players to replicate quickly.

Innovation and R&D

Innovation and R&D The company focuses on practical, applied innovation rather than lab‑style R&D. Its myBLDR digital platform, 3D design tools, and BIM‑driven off‑site manufacturing are aimed at simplifying builders’ workflows, cutting labor and waste, and speeding up construction. Products like READY‑FRAME and robotic truss plants move more of the value into controlled factory settings, where the company can differentiate on precision and service instead of just price. Future value creation will depend on how widely builders adopt these digital and prefabricated solutions and how effectively the company keeps enhancing them versus competitors.

Summary

Builders FirstSource is a cyclical but strongly positioned player in U.S. residential construction. Financial results show a clear boom‑and‑cooling pattern, yet profitability, cash generation, and scale are all much stronger than they were before 2020. The balance sheet carries notable debt but is supported by sizable equity and solid free cash flow. Strategically, the firm benefits from national scale, integrated manufacturing and services, and growing digital capabilities that create switching costs for customers. Key variables to watch are the housing cycle, the pace of adoption of its digital and off‑site solutions, and how it balances growth investments, debt management, and acquisitions over time.

NEWS

October 30, 2025 · 7:00 AM UTC

Builders FirstSource Reports Third Quarter 2025 Results

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October 9, 2025 · 7:00 AM UTC

Builders FirstSource to Host Third Quarter 2025 Financial Results Conference Call and Webcast

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October 8, 2025 · 1:07 PM UTC

Builders FirstSource Charity Event Raises $1.6 Million for Blood Cancer United

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October 1, 2025 · 4:15 PM UTC

Builders FirstSource Announces Two Acquisitions in Turnkey Millwork Solutions

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