Builders FirstSource, Inc. (BLDR) Stock Analysis
Industrials · Building Products & Equipment · NYSE
Builders FirstSource, Inc. (BLDR) posted $15.19B in revenue for fiscal 2025 (down 7.4% year over year), at a 2.9% net margin, and has compounded revenue about 12.2%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Builders FirstSource, Inc.
Builders FirstSource, Inc. has grown revenue from $6.37B to $15.19B over the last 10 fiscal years, compounding about 12.2% a year. The most recent year was down 7.4%, so growth has cooled from its longer-run pace.
Net margin sits at 2.9%, down 3.7 points year over year on a 30.4% gross margin.
At today's valuation the market is pricing in roughly -4.4% annual free-cash-flow growth — versus the 42% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is net margin shrinking.
Synthesised from Builders FirstSource, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Builders FirstSource, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.37B | $7.03B | $7.72B | $7.28B | $8.56B | $19.89B | $22.73B | $17.10B | $16.40B | $15.19B |
| Gross profit | $1.60B | $1.73B | $1.92B | $1.98B | $2.22B | $5.85B | $7.74B | $6.01B | $5.38B | $4.62B |
| Net income | $144.34M | $38.78M | $205.19M | $221.81M | $313.54M | $1.73B | $2.75B | $1.54B | $1.08B | $435.20M |
| Net margin | 2.3% | 0.6% | 2.7% | 3.0% | 3.7% | 8.7% | 12.1% | 9.0% | 6.6% | 2.9% |
Source: Builders FirstSource, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Builders FirstSource, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 12.1% to 2.9% over ~3 years — profitability is compressing.
What growth is priced into BLDR stock?
At today's market cap of $7.15B, Builders FirstSource, Inc. is priced for free-cash-flow growth of about -4.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $853.28M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 42%/yr over the last five fiscal years and revenue 12.2%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Builders FirstSource, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Builders FirstSource, Inc. financial history by metric
Compare Builders FirstSource, Inc. with peers
About Builders FirstSource, Inc.
Builders FirstSource, Inc., together with its subsidiaries, provides building materials for professional builders in new residential construction and repair, and remodeling in the United States. It offers manufactured products, such as factory-built substitutes for job-site framing, wood floor and roof trusses, wall panels, and engineered wood; Ready-Frame, a whole house framing solution; manufactured and semi-custom modular homes, and built in a temperature-controlled facility under its Pine Grove Homes and Pleasant Valley Homes brand names; manufactured housing plans including ranch, community, and single-section homes; manufacturing, assembly, and distribution of windows; and the assembly and distribution of interior and exterior door units. The company also provides millwork, including interior trim and custom features under the Synboard brand name; specialty building products and services comprising vinyl, composite and wood siding, exterior trim, metal studs, cement, roofing, insulation, wallboard, ceilings, cabinets, and hardware; turn-key framing, shell construction, design assistance, and professional installation of products. In addition, it offers drafting, estimating, quoting, and virtual home design services to retailers, distributors, manufacturers, and homebuilders; dimensional lumber, plywood, and oriented strand board products used in on-site house framing. The company was formerly known as BSL Holdings, Inc. and changed its name to Builders FirstSource, Inc. in October 1999. Builders FirstSource, Inc. was incorporated in 1998 and is based in Irving, Texas.
Builders FirstSource, Inc. — frequently asked questions
What is Builders FirstSource, Inc.'s revenue?
Builders FirstSource, Inc. (BLDR) reported revenue of $15.19B for fiscal year 2025, down 7.4% from the prior year, according to its SEC filings.
Is Builders FirstSource, Inc. profitable?
Yes. BLDR earned net income of $435.20M in fiscal 2025, a net margin of 2.9%.
What is BLDR's P/E ratio?
Builders FirstSource, Inc. trades at a price-to-earnings ratio of about 72.2 based on the latest data in our nightly-refreshed cache.
How fast is Builders FirstSource, Inc. growing?
BLDR's revenue grew at roughly 12.2% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Builders FirstSource, Inc. have?
As of fiscal year 2025, BLDR carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Builders FirstSource, Inc.'s gross margin?
BLDR's gross margin was 30.4% in fiscal 2025 — gross profit of $4.62B on revenue of $15.19B.
What is Builders FirstSource, Inc.'s market cap?
Builders FirstSource, Inc. (BLDR) has a market capitalization of about $7.15B, based on the latest data in our nightly-refreshed cache.
When does Builders FirstSource, Inc.'s fiscal year end?
BLDR's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into BLDR stock?
At today's market cap of $7.15B, Builders FirstSource, Inc. is priced for free-cash-flow growth of about -4.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $853.28M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 42%/yr over the last five fiscal years and revenue 12.2%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Builders FirstSource, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.