Builders FirstSource, Inc.BLDR
NYSE•Industrials•Building Products & Equipment
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. (BLDR) reported trailing twelve months revenue of $14.82B as of March 2026, a 8.3% decline year-over-year. Quarterly revenue reached $3.29B, reflecting a contraction in sales.
Builders FirstSource, Inc. generated $291.48M in TTM net income, with quarterly EBITDA of $164.88M. The operating margin contracted from 5.0% to 0.5%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (0.5%) and net margin (-1.4%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 2.6% a year ago, reflecting increased costs or interest expense.
BLDR trades at a P/E of 29.7x (in line with broad market averages) and a P/S of 0.6x. The price-to-book ratio of 2.2x reflects a moderate premium to book value.
The company generated $40.71M in free cash flow over the trailing twelve months, a 25.8% increase year-over-year, indicating cash generation ability. The balance sheet shows $11.30B in total assets with $4.61B in long-term debt against $4.00B in stockholders equity for a debt-to-equity ratio of 1.2. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~6.2% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE averages 19.5% but has fluctuated — the competitive advantage may be cyclical or emerging.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 54.6% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF covers net income by 1.6x on average — earnings are well-supported by cash generation.
D/E ratio is 1.2 — conservative capital structure with low financial risk.
Revenue declined in 7 of the last 7 quarters — persistent contraction signals a fundamental problem.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 7.9% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation