# Builders FirstSource, Inc. (BLDR)

> Source: Nexqual · https://nexqual.com/BLDR · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Builders FirstSource, Inc. (BLDR), nexqual.com/BLDR" · informational, not investment advice.

**Price:** USD 53.68 (+6.25% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 50.52 · day 51.24–54.09 · 52w 49.67–131.5 · market cap $5.78B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $14.4B, net income $103M (0.7% margin), free cash flow $639M (SEC filings).
- Valuation: P/E 56.3x (avg 18.7x at the last 3 fiscal year-ends), EV/EBITDA 10.0x, net debt $4.51B.
- 6 of 80 tracked superinvestors hold BLDR (13F, Q2 2026): 2 new, 2 added, 2 reduced, 0 unchanged.
- Analysts: Hold (mean 2.58 on a 1–5 scale) (24 analysts), mean target USD 71.73 (range 50–91).
- Total return with dividends: 1Y -56.3% vs S&P 500 +18.1%; 5Y -5.9% vs S&P 500 +85.1%.
- Next earnings: 2026-10-29, EPS estimate USD 1.05, revenue estimate $3.76B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $19.9B | $22.7B | $17.1B | $16.4B | $15.2B | $14.4B |
| Gross profit | $5.85B | $7.74B | $6.01B | $5.38B | $4.62B | — |
| Operating income | $2.39B | $3.77B | $2.18B | $1.60B | $786M | $436M |
| Net income | $1.73B | $2.75B | $1.54B | $1.08B | $435M | $103M |
| EPS (diluted) | $8.48 | $16.82 | $11.94 | $9.06 | $3.89 | — |
| Free cash flow | $1.52B | $3.26B | $1.83B | $1.49B | $853M | $639M |
| Gross margin | 29.4% | 34.1% | 35.2% | 32.8% | 30.4% | — |
| Operating margin | 12.0% | 16.6% | 12.7% | 9.7% | 5.2% | 3.0% |
| Net margin | 8.7% | 12.1% | 9.0% | 6.6% | 2.9% | 0.7% |
| Revenue growth | +132.4% | +14.2% | -24.8% | -4.1% | -7.4% | — |
| Cash + short-term investments | $42.6M | $80.4M | $66.2M | $154M | $182M | — |
| Total debt | $2.98B | $2.98B | $3.18B | $3.70B | $4.43B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 56.3x · P/S 0.4x · EV/EBITDA 10.0x · EV/Sales 0.7x · P/FCF 9.0x · P/B 1.4x · FCF yield 11.07% · Earnings yield 1.78% · Buyback yield (TTM) 5.26% · Net debt $4.51B · EV $10.3B
P/E at fiscal year-ends: Dec 2025 26.4x, Dec 2024 15.8x, Dec 2023 14.0x.

## Superinvestors (SEC 13F-HR, Q2 2026)
6 of 80 tracked investors hold BLDR. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Bloomstran | Semper Augustus | 5.60% | $49.5M | Added +142.6% |
| Glenn Greenberg | Brave Warrior Advisors | 4.56% | $209M | Reduced -1.3% |
| Bill Miller | Miller Value Partners | 0.40% | $1.7M | Added +1.2% |
| Francois Rochon | Giverny Capital | 0.28% | $8.2M | Reduced -0.4% |
| Tweedy Browne |  | 0.13% | $1.8M | New position |
| First Eagle Investment | First Eagle Investment Management | <0.01% | $15K | New position |

## Analysts
Consensus Hold (mean 2.58 on a 1–5 scale), 24 analysts; mean target USD 71.73 (low 50, high 91).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-08 | Truist Securities | Target lowered | Buy | $90 → $70 |
| 2026-10-07 | RBC Capital | Downgrade | Outperform → Sector Perform | $88 → $62 |
| 2026-10-01 | StoneX | Target lowered | Buy | $100 → $85 |
| 2026-09-11 | Wells Fargo | Target lowered | Equal-Weight | $65 → $63 |
| 2026-08-21 | Citizens | Initiated | Market Perform |  |
| 2026-07-31 | UBS | Target lowered | Buy | $122 → $88 |
| 2026-07-31 | RBC Capital | Target lowered | Outperform | $107 → $88 |
| 2026-07-31 | Oppenheimer | Target lowered | Outperform | $110 → $90 |
| 2026-07-31 | Wells Fargo | Target lowered | Equal-Weight | $85 → $65 |
| 2026-07-31 | Truist Securities | Target lowered | Buy | $115 → $90 |
| 2026-07-31 | Barclays | Target lowered | Overweight | $93 → $81 |
| 2026-07-28 | BMO Capital | Target lowered | Market Perform | $93 → $85 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | -56.3% | -5.9% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | -56.5% | -1.2% |
| Volatility (annualized) | 49.3% | 45.6% |
| Max drawdown | -60.8% (Jan 2026→Oct 2026) | -74.9% (Mar 2024→Oct 2026) |

## Peers (Building Products & Equipment)
LPX (Louisiana-Pacific Corporation) USD 69.39 +3.86% · FBIN (Fortune Brands Innovations, Inc) USD 39.96 +2.33% · TREX (Trex Company, Inc.) USD 46.21 +2.57% · AAON (AAON, Inc.) USD 77.3 -10.31% · AWI (Armstrong World Industries Inc) USD 166.59 +1.17% · GFF (Griffon Corporation) USD 93.21 +1.06%

## More
Full page: https://nexqual.com/BLDR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt