QXO Insulation, LLC

Listed Company

BLDCIK 0001633931NYSELarge AcceleratedConstruction - Special Trade ContractorsFY ends Dec 31

Period

FY 2025

Revenue

$5.41B

Net Income

$521.73M

Total Assets

$6.61B

Equity

$2.32B

Shares Out

28.14M

Op. Cash Flow

$756.32M

BLD$353.73+9.23% · past yearDBEQ Basic

Daily closing prices

Business

TopBuild Corp. is a leading installer of insulation and commercial roofing and a specialty distributor of insulation and other building products to the construction industry in the United States and Canada. The company provides insulation installation services (fiberglass, spray foam, cellulose), commercial roofing services, and distributes building materials through a network of branches and distribution centers. TopBuild operates through two segments: Installation Services and Specialty Distribution, serving residential, commercial, and industrial construction markets.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	5,409	5,330	5,195	5,009	3,486
Cost of sales	3,840	3,705	3,591	3,522	2,512
Gross profit	1,569	1,625	1,604	1,487	974
Selling, general, and administrative expense	777	739	725	690	498
Operating profit	792	886	879	797	476
Interest expense	−104	−73	−75	−57	—
Other, net	15	28	21	2	4,000
Other expense, net	−88	−46	−53	−55	−43
Income before income taxes	704	841	825	742	433
Income tax expense	−182	−218	−211	−186	−109
Net income	522	623	614	556	324
Basic (per share)	18.41	20.41	19.44	17.26	9.88
Diluted (per share)	18.28	20.29	19.33	17.14	9.78
Basic (shares)	28	31	32	32	33
Diluted (shares)	29	31	32	32	33

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	185	400	849	240	140
Receivables, net of an allowance for credit losses of $29,081 at December 31, 2025, and $18,541 at December 31, 2024	894	752	799	836	668
Inventories	505	407	365	439	353
Prepaid expenses and other current assets	50	40	37	34	27
Total current assets	1,635	1,599	2,049	1,549	1,188
Right of use assets	271	189	205	206	177
Property and equipment, net	292	267	264	253	245
Goodwill	3,045	2,112	2,043	1,967	1,950
Other intangible assets, net	1,352	558	591	615	684
Other assets	11	10	11	16	15
Total assets	6,605	4,735	5,163	4,607	4,259
Accounts payable	440	456	470	487	462
Current portion of long-term debt	63	49	47	40	39
Accrued liabilities	249	192	187	199	176
Short-term operating lease liabilities	86	69	66	61	55
Short-term finance lease liabilities	7	1	2	2	2
Total current liabilities	845	767	772	790	733
Long-term debt	2,784	1,327	1,373	1,417	1,454
Deferred tax liabilities, net	388	240	244	251	248
Long-term portion of insurance reserves	59	58	59	60	52
Long-term operating lease liabilities	201	129	146	150	125
Long-term finance lease liabilities	11	3	4	7	8
Other liabilities	2	1	2	2	960,000
Total liabilities	4,289	2,526	2,599	2,677	2,622
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value: 10,000,000 shares authorized; 0 shares issued and outstanding	—	—	—	—	—
Common stock, $0.01 par value: 250,000,000 shares authorized; 39,643,887 shares issued and 28,069,250 outstanding at December 31, 2025, and 39,554,033 shares issued and 29,367,087 outstanding at December 31, 2024	396,000	396,000	394,000	393,000	391,000
Treasury stock, 11,574,637 shares at December 31, 2025, and 10,186,946 shares at December 31, 2024, at cost	−2,125	−1,681	−699	−693	−431
Additional paid-in capital	945	926	906	887	873
Retained earnings	3,515	2,994	2,371	1,757	1,201
Accumulated other comprehensive loss	−20	−29	−15	−22	−7
Total equity	2,316	2,210	2,564	1,930	1,636
Total liabilities and equity	6,605	4,735	5,163	4,607	4,259

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	522	623	614	556	324
Depreciation and amortization	169	140	133	123	79
Share-based compensation	17	17	16	12	11
Loss on sale of assets	1	1	2	2	1
Amortization of debt issuance costs	4	3	3	3	2
Provision for bad debt expense	14	16	6	6	7
Provision for inventory obsolescence	9	8	5	7	3
Impairment losses	9	—	—	—	—
Deferred income taxes, net	−15	−3	−7	6	−3
Receivables, net	80	56	21	−169	−69
Inventories	17	−42	75	−94	−47
Prepaid expenses and other current assets	−3	−3	−3	−9	558,000
Accounts payable	−65	−30	−9	27	55
Accrued liabilities	−798,000	−6	−4	21	25
Other, net	−2	−2	−2	6	−824,000
Net cash provided by operating activities	756	776	849	496	403
Purchases of property and equipment	−59	−69	−64	−76	−56
Acquisition of businesses, net of $7,853 cash acquired	−1,932	−137	−149	−21	−1,267
Proceeds from sale of assets	1	3	15	3	415,000
Net cash used in investing activities	−1,990	−204	−198	−94	−1,322
Proceeds from issuance of long-term debt	2,000	—	—	—	1,219
Repayment of long-term debt	−516	−47	−40	−39	−433
Excise taxes paid on share repurchases	−9	—	—	—	—
Payment of debt issuance costs	−17	—	—	—	−15
Proceeds from revolving credit facility	178	—	—	70	—
Repayment of revolving credit facility	−178	—	—	−70	—
Principal payments on finance lease obligations	−4	—	—	—	—
Taxes withheld and paid on employees' equity awards	−6	−6	−7	−12	−9
Exercise of stock options	3	3	3	2	3
Repurchase of shares of common stock	−434	−966	—	−250	−36
Payment of contingent consideration	—	—	−300,000	−2	−650,000
Net cash provided by (used in) financing activities	1,017	−1,016	−44	−300	729
Impact of exchange rate changes on cash	2	−4	1	−2	−15,000
Net (decrease) increase in cash and cash equivalents	−216	−448	608	100	−190
Interest	88	70	71	50	22
U.S. Federal	137	164	166	—	—
U.S. state and local	38	48	46	—	—
Canada	13	8	9	—	—
Total cash paid for income taxes	187	219	221	—	—
Leased assets obtained in exchange for new operating lease liabilities	102	51	56	104	132
Leased assets obtained in exchange for new finance lease liabilities	642,000	—	—	—	10
Accruals for property and equipment	773,000	1	912,000	141,000	1
Excise taxes capitalized to treasury stock	4	9	—	—	—

Filings

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Frequently asked questions

What is QXO Insulation, LLC's CIK number?

QXO Insulation, LLC's SEC CIK number is 0001633931 (1633931). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find QXO Insulation, LLC's SEC filings?

All of QXO Insulation, LLC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did QXO Insulation, LLC last report earnings?

QXO Insulation, LLC (BLD) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-055225). This is QXO Insulation, LLC's most recent earnings filing of record — not a forecast of its next earnings date.

What is QXO Insulation, LLC's most recent earnings 8-K?

QXO Insulation, LLC's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001104659-26-055225. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View QXO Insulation, LLC's latest earnings 8-K →
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