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TopBuild (TopBuild) EBIT : $925 Mil (TTM As of Mar. 2024)


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What is TopBuild EBIT?

TopBuild's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $226 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $925 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TopBuild's annualized ROC % for the quarter that ended in Mar. 2024 was 17.16%. TopBuild's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 88.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TopBuild's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.46%.


TopBuild EBIT Historical Data

The historical data trend for TopBuild's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TopBuild EBIT Chart

TopBuild Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 291.60 355.55 462.59 798.85 900.10

TopBuild Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 201.35 241.71 243.51 213.53 225.79

Competitive Comparison of TopBuild's EBIT

For the Engineering & Construction subindustry, TopBuild's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TopBuild's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, TopBuild's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where TopBuild's EV-to-EBIT falls into.



TopBuild EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $925 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


TopBuild  (NYSE:BLD) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

TopBuild's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=858.032 * ( 1 - 26.38% )/( (3675.849 + 3688.094)/ 2 )
=631.6831584/3681.9715
=17.16 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5162.851 - 638.437 - ( 848.565 - max(0, 771.538 - 2049.244+848.565))
=3675.849

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5310.452 - 653.549 - ( 968.809 - max(0, 784.365 - 2202.462+968.809))
=3688.094

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

TopBuild's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=903.16/( ( (469.116 + max(543.877, 0)) + (467.814 + max(564.388, 0)) )/ 2 )
=903.16/( ( 1012.993 + 1032.202 )/ 2 )
=903.16/1022.5975
=88.32 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(799.009 + 364.731 + 36.939) - (638.437 + 18.365 + 0)
=543.877

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(829.221 + 375.056 + 29.376) - (653.549 + 15.716 + 0)
=564.388

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

TopBuild's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=924.535/14320.763
=6.46 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


TopBuild EBIT Related Terms

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TopBuild (TopBuild) Business Description

Traded in Other Exchanges
Address
475 North Williamson Boulevard, Daytona Beach, FL, USA, 32114
TopBuild Corp is an installer and distributor of insulation products. Its operating segments involve the Installation and Specialty Distribution segment. The installation segment provides insulation installation services nationwide through contractor services business. Speciality Distribution segment distributes building and mechanical insulation, insulation accessories and other building product materials for the residential, commercial, and industrial end markets. The majority of revenue is earned from the installation segment. Its main customers are contractors. Other products include gutters, after-paint, garage doors, fireplaces, and fireproofing and stopping. TopBuild operates primarily in the United States.
Executives
Robert M Buck officer: President & COO 260 JIMMY ANN DRIVE, DAYTONA BEACH FL 32114
Luis Francisco Machado officer: VP, Gen. Counsel, Corp Sec. 1142 W. BEARDSLEY AVENUE, ELKHART IN 46514
Steven P Raia officer: President, TruTeam Operations 475 NORTH WILLIAMSON BLVD, DAYTONA BEACH FL 32114
Robert Jeffrey Franklin officer: President, Service Partners 475 NORTH WILLIAMSON BLVD, DAYTONA BEACH FL 32114
Tina Donikowski director 1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
Joey M Viselli officer: Vice President and COO 475 NORTH WILLIAMSON BLVD, DAYTONA BEACH FL 32114
Deirdre Drake director 8410 W. BRYN MAWR AVE, CHICAGO IL 60631
Carrie Gamble Wood officer: Chief Accounting Officer 475 NORTH WILLIAMSON BLVD, DAYTONA BEACH FL 32114
John S. Peterson officer: VP & CFO 260 JIMMY ANN DRIVE, DAYTONA BEACH FL 32114
Ernesto Iii Bautista director 575 N DAIRY ASHFORD, SUITE 300, HOUSTON TX 77079
Carl T Camden director 999 WEST BIG BEAVER ROAD, TROY MI 48084
Alec C Covington director C/O NASH FINCH COMPANY, 7600 FRANCE AVENUE SOUTH, MINNEAPOLIS MN 55435
Nancy M Taylor director TREDEGAR CORP, 1100 BOULDERS PARKWAY, RICHMOND VA 23219
Mark A Petrarca director A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Robert M Kuhns officer: Vice President, Controller C/O TOPBUILD CORP., 475 NORTH WILLIAMSON BLVD., DAYTONA BEACH FL 32114

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