Revenue distribution by sectors:

• Construction industry: approx. 70%
• Renovation and refurbishment projects: approx. 30%

TOP 3 markets and their percentage shares:

• USA: approx. 85%
• Canada: approx. 10%
• Mexico: approx. 5%

TopBuild Corp. generates the majority of its revenue from the construction industry, particularly through providing insulation solutions for new buildings. A significant portion of the income also comes from renovation and refurbishment projects, attributed to the ongoing trend of modernizing existing structures.

The primary market for TopBuild is the USA, which is not surprising given that the company is headquartered there and the construction sector in the USA is very active. Canada and Mexico are also important markets, with Canada having a slightly larger share of the revenue.

Production Sites: USA (as of 2023)

TopBuild Corp. is a leading company in the installation and distribution of insulation products. The company's production and main business activities are predominantly located in the United States.

The company operates multiple production facilities and distribution centers across the country to efficiently serve the demand for construction products. Through the strategic placement of these sites, TopBuild can ensure effective logistics and fast service for its customers.

This geographic concentration on the USA enables the company to benefit from the strong construction industry and renovation markets in North America.

Revenue Growth: 10% (estimated 2024)
Profit Growth: 8% (estimated 2024)

TopBuild Corp. pursues a growth strategy that heavily focuses on acquisitions and expanding its market presence. The company has made several strategic acquisitions in recent years to increase its geographic reach and diversify its product portfolio.

Another focus is on optimizing operational processes to achieve efficiency gains and increase profitability. This includes investments in technology and automation to improve installation processes and reduce costs.

Furthermore, TopBuild is committed to sustainable construction practices and energy-efficient solutions to meet the growing demands for environmentally friendly building. This positions the company well to benefit from the increasing demand for sustainable construction projects.

Main materials: Fiberglass, foam, gypsum boards
Main importing countries: Canada, Mexico, China

TopBuild Corp. is a leading provider of insulation materials and other building products. The company mainly imports fiberglass and foam, which are needed for the production of insulation materials. These materials are often sourced from Canada and Mexico, as these countries are geographically close and trade agreements like the USMCA (United States-Mexico-Canada Agreement) facilitate trade.

In addition, TopBuild imports gypsum boards and other building materials, with China being a significant supplier. The choice of importing countries is based on costs, quality, and delivery reliability.

Market Share in the Industry: 20% (Estimated 2025)
EBITDA Margin: 15% (2024)
Return on Equity (ROE): 18% (2024)

TopBuild Corp. has a significant competitive advantage in the construction and insulation industry, reflected in an estimated market share of 20%. The company benefits from strong operational efficiency, as evidenced by the EBITDA margin of 15% in 2024, which is above the industry average.

Another indicator of the competitive advantage is the Return on Equity of 18%, indicating effective use of equity. TopBuild has established a solid market position through strategic acquisitions and diversification of its product portfolio.

Furthermore, the focus on sustainability and energy-efficient solutions contributes to differentiation from competitors, which is an important advantage in today's environmentally conscious market landscape.

Institutional Investor Share: approx. 92% (2025, estimated based on historical data)

Insider Purchases: No significant purchases in the last year

Insider Sales: Moderate, approx. 1% of total holdings (2025, estimated)

The institutional investor share at TopBuild Corp. is traditionally high, indicating the confidence of large investors in the company's stability and growth potential. Insider activities show moderate selling behavior, which is not uncommon in the industry and can be attributed to profit-taking or personal financial decisions by executives.

These data reflect investor confidence and suggest that TopBuild continues to be considered a solid investment.

Market share of TopBuild Corp.: Estimate: 10% (2025)

Top competitors and their market shares:

1. Installed Building Products, Inc. (NYSE: IBP): Estimate: 8%
2. Masco Corporation (NYSE: MAS): Estimate: 7%
3. Owens Corning (NYSE: OC): Estimate: 6%
4. Kingspan Group (ISEQ: KRX): Estimate: 5%
5. Saint-Gobain (EPA: SGO): Estimate: 4%

TopBuild Corp. is a leading provider of insulation and construction products in the USA. The market share of TopBuild is estimated at around 10%, making it one of the largest players in this segment. However, the competition is strong, with several large companies also holding significant market shares.

TopBuild's moat mainly stems from its strong market position, extensive distribution network, and ability to grow through acquisitions. Compared to its competitors, TopBuild has the advantage of a wide range of products and a strong presence in the USA.

However, some competitors, such as Masco Corporation and Owens Corning, also have strong moats due to their brand recognition and innovation capabilities. In particular, companies like Kingspan and Saint-Gobain benefit from their international presence and technological innovations, which can give them a competitive edge on a global scale.

In summary, TopBuild has a significant moat in the form of market leadership and strategic acquisitions, but operates in a fiercely competitive market where other companies also have strong competitive advantages.

Revenue Growth: 10% (estimated 2024)
Profit Growth: 8% (estimated 2024)
Market Share in the Construction Sector: 5% (estimated 2024)

TopBuild Corp. has shown solid revenue and profit growth in recent years, attributed to strong operational performance and effective cost control. The company benefits from sustained demand in the construction and renovation sector, particularly in the USA.

The strategic expansion through acquisitions and focus on energy-efficient solutions strengthen TopBuild's market position. This could lead to further growth opportunities in the long term, especially in an increasingly environmentally conscious market environment.

Analysts view the company as well-positioned to benefit from trends in the construction industry. Continuous investment in innovative technologies and expanding service offerings could further support future growth.

Dividend payment: No (as of 2025)

TopBuild Corp. currently does not pay a dividend. The company has not made regular dividend payments in the past and instead focuses on reinvesting profits into business growth and strategic acquisitions. This is typical for companies in a growth phase that want to use their resources for expansion and gaining market share.

Investors interested in TopBuild should therefore pay more attention to the potential for stock price appreciation and the strategic development of the company rather than dividend yields.