(BLDR) Builders FirstSource - Overview
Sector: Industrials | Industry: Building Products & Equipment | Exchange: NYSE (USA) | Market Cap: 7.779m USD | Total Return: -40.3% in 12m
Industry Rotation: -13.5
Avg Turnover: 203M
EPS Trend: -80.4%
Qual. Beats: -1
Rev. Trend: -78.1%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Builders FirstSource, Inc. (BLDR) is a leading supplier and manufacturer of structural building products and services primarily serving the professional residential construction market in the United States. The company operates a vertically integrated model, providing manufactured components such as floor and roof trusses, wall panels, and engineered wood, alongside traditional distribution of lumber and millwork. Their service portfolio extends to turnkey framing, design assistance, and modular home production under specialized brand names.
The building products sector is characterized by high cyclicality, as demand for framing and structural materials is closely tied to national housing starts and interest rate environments. By shifting toward value-added manufactured products, companies in this industry aim to improve margins and mitigate the labor shortages currently affecting job-site construction. Investors can find deeper insights into these industry trends and company valuation metrics at ValueRay.
Headquartered in Irving, Texas, the firm has expanded its footprint through strategic acquisitions and the integration of digital design services. This infrastructure allows the company to serve a diverse client base ranging from large-scale production homebuilders to local repair and remodeling contractors.
- Single-family housing starts and mortgage rate volatility dictate core revenue growth
- Adoption of high-margin value-added products like trusses and wall panels expands EBITDA
- Lumber price fluctuations significantly impact gross margins and inventory valuation
- Strategic acquisitions and consolidation of fragmented distribution markets drive market share
- Digital platform integration and automated manufacturing improve operational efficiency and labor costs
| Net Income: 291.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -3.74 > 1.0 |
| NWC/Revenue: 9.07% < 20% (prev 9.15%; Δ -0.08% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.17b > Net Income 291.5m |
| Net Debt (5.19b) to EBITDA (1.21b): 4.28 < 3 |
| Current Ratio: 1.76 > 1.5 & < 3 |
| Outstanding Shares: last quarter (109.9m) vs 12m ago -3.91% < -2% |
| Gross Margin: 29.89% > 18% (prev 0.32%; Δ 2.96k% > 0.5%) |
| Asset Turnover: 130.3% > 50% (prev 141.2%; Δ -10.94% > 0%) |
| Interest Coverage Ratio: 2.19 > 6 (EBITDA TTM 1.21b / Interest Expense TTM 283.4m) |
| A: 0.12 (Total Current Assets 3.12b - Total Current Liabilities 1.77b) / Total Assets 11.30b |
| B: 0.0 (Retained Earnings 0.0 / Total Assets 11.30b) |
| C: 0.05 (EBIT TTM 619.8m / Avg Total Assets 11.38b) |
| D: 0.00 (Book Value of Equity 1.07m / Total Liabilities 7.30b) |
| Altman-Z'' Score: 1.15 = BB |
| DSRI: 1.10 (Receivables 1.70b/1.68b, Revenue 14.82b/16.17b) |
| GMI: 1.08 (GM 29.89% / 32.15%) |
| AQI: 1.02 (AQ_t 0.48 / AQ_t-1 0.47) |
| SGI: 0.92 (Revenue 14.82b / 16.17b) |
| TATA: -0.08 (NI 291.5m - CFO 1.17b) / TA 11.30b) |
| Beneish M-Score: -3.00 (Cap -4..+1) = AA |
Over the past week, the price has changed by -9.03%, over one month by -17.29%, over three months by -38.58% and over the past year by -40.31%.
- StrongBuy: 11
- Buy: 5
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 97.4 | 38.3% |
P/E Forward = 16.3399
P/S = 0.5249
P/B = 2.0791
P/EG = 2.019
Revenue TTM = 14.82b USD
EBIT TTM = 619.8m USD
EBITDA TTM = 1.21b USD
Long Term Debt = 4.61b USD (from longTermDebt, last quarter)
Short Term Debt = 135.7m USD (from shortTermDebt, last quarter)
Debt = 5.29b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.19b USD (from netDebt column, last quarter)
Enterprise Value = 12.97b USD (7.78b + Debt 5.29b - CCE 98.3m)
Interest Coverage Ratio = 2.19 (Ebit TTM 619.8m / Interest Expense TTM 283.4m)
EV/FCF = 15.06x (Enterprise Value 12.97b / FCF TTM 861.6m)
FCF Yield = 6.64% (FCF TTM 861.6m / Enterprise Value 12.97b)
FCF Margin = 5.81% (FCF TTM 861.6m / Revenue TTM 14.82b)
Net Margin = 1.97% (Net Income TTM 291.5m / Revenue TTM 14.82b)
Gross Margin = 29.89% ((Revenue TTM 14.82b - Cost of Revenue TTM 10.39b) / Revenue TTM)
Gross Margin QoQ = 28.26% (prev 29.84%)
Tobins Q-Ratio = 1.15 (Enterprise Value 12.97b / Total Assets 11.30b)
Interest Expense / Debt = 1.41% (Interest Expense 74.4m / Debt 5.29b)
Taxrate = 15.06% (77.2m / 512.4m)
NOPAT = 526.4m (EBIT 619.8m * (1 - 15.06%))
Current Ratio = 1.76 (Total Current Assets 3.12b / Total Current Liabilities 1.77b)
Debt / Equity = 1.32 (Debt 5.29b / totalStockholderEquity, last quarter 4.00b)
Debt / EBITDA = 4.28 (Net Debt 5.19b / EBITDA 1.21b)
Debt / FCF = 6.03 (Net Debt 5.19b / FCF TTM 861.6m)
Total Stockholder Equity = 4.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.56% (Net Income 291.5m / Total Assets 11.30b)
RoE = 6.92% (Net Income TTM 291.5m / Total Stockholder Equity 4.21b)
RoCE = 7.02% (EBIT 619.8m / Capital Employed (Equity 4.21b + L.T.Debt 4.61b))
RoIC = 6.01% (NOPAT 526.4m / Invested Capital 8.76b)
WACC = 7.27% (E(7.78b)/V(13.07b) * Re(11.40%) + D(5.29b)/V(13.07b) * Rd(1.41%) * (1-Tc(0.15)))
Discount Rate = 11.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.56 | Cagr: -5.17%
[DCF] Terminal Value 75.99% ; FCFF base≈1.04b ; Y1≈745.2m ; Y5≈408.0m
[DCF] Fair Price = 36.54 (EV 9.12b - Net Debt 5.19b = Equity 3.93b / Shares 107.6m; r=7.27% [WACC]; 5y FCF grow -33.15% → 3.0% )
EPS Correlation: -80.44 | EPS CAGR: -56.75% | SUE: -3.04 | # QB: -1
Revenue Correlation: -78.11 | Revenue CAGR: -18.02% | SUE: 1.16 | # QB: 1
EPS current Quarter (2026-06-30): EPS=1.28 | Chg30d=-35.53% | Revisions=-82% | Analysts=18
EPS next Quarter (2026-09-30): EPS=1.78 | Chg30d=-17.08% | Revisions=-71% | Analysts=18
EPS current Year (2026-12-31): EPS=4.29 | Chg30d=-27.22% | Revisions=-82% | GrowthEPS=-37.7% | GrowthRev=-2.3%
EPS next Year (2027-12-31): EPS=5.87 | Chg30d=-23.56% | Revisions=-80% | GrowthEPS=+36.7% | GrowthRev=+5.3%
[Analyst] Revisions Ratio: -82%