TopBuild (TopBuild) Retained Earnings : $2,371 Mil (As of Dec. 2023)

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What is TopBuild Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. TopBuild's retained earnings for the quarter that ended in Dec. 2023 was $2,371 Mil.

TopBuild's quarterly retained earnings increased from Jun. 2023 ($2,057 Mil) to Sep. 2023 ($2,225 Mil) and increased from Sep. 2023 ($2,225 Mil) to Dec. 2023 ($2,371 Mil).

TopBuild's annual retained earnings increased from Dec. 2021 ($1,201 Mil) to Dec. 2022 ($1,757 Mil) and increased from Dec. 2022 ($1,757 Mil) to Dec. 2023 ($2,371 Mil).

TopBuild Retained Earnings Historical Data

The historical data trend for TopBuild's Retained Earnings 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.

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TopBuild Retained Earnings Chart

TopBuild Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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632.86

876.66

1,200.68

1,756.67

2,370.92

TopBuild Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															1,756.67	1,892.54	2,056.94	2,224.54	2,370.92

TopBuild Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

TopBuild (NYSE:BLD) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

TopBuild (TopBuild) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » TopBuild Corp (NYSE:BLD) » Definitions » Retained Earnings

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28T:Germany

Address

475 North Williamson Boulevard, Daytona Beach, FL, USA, 32114

Website

https://www.topbuild.com

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