📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Builders FirstSource, Inc., together with its subsidiaries, provides building materials for professional builders in new residential construction and repair, and remodeling in the United States. It offers manufactured products, such as factory-built substitutes for job-site framing, wood floor and roof trusses, wall panels, and engineered wood; Ready-Frame, a whole house framing solution; manufactured and semi-custom modular homes, and built in a temperature-controlled facility under its Pine Grove Homes and Pleasant Valley Homes brand names; manufactured housing plans including ranch, community, and single-section homes; manufacturing, assembly, and distribution of windows; and the assembly and distribution of interior and exterior door units. The company also provides millwork, including interior trim and custom features under the Synboard brand name; specialty building products and services comprising vinyl, composite and wood siding, exterior trim, metal studs, cement, roofing, insulation, wallboard, ceilings, cabinets, and hardware; turn-key framing, shell construction, design assistance, and professional installation of products. In addition, it offers drafting, estimating, quoting, and virtual home design services to retailers, distributors, manufacturers, and homebuilders; dimensional lumber, plywood, and oriented strand board products used in on-site house framing. The company was formerly known as BSL Holdings, Inc. and changed its name to Builders FirstSource, Inc. in October 1999. Builders FirstSource, Inc. was incorporated in 1998 and is based in Irving, Texas.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding BLDR

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	572.6K	$47.1M	0.06%	Mar 2026
Jim Simons Renaissance Technologies LLC	220.2K	$18.1M	0.03%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Cautious ~ Volatile 4 quarters analysed

Q2 2025

Cautious

management repeatedly acknowledges challenging market conditions (soft starts, affordability, margin pressure) but emphasizes strong execution, operational agility, and long-term positioning.

Q3 2025

Confident Specific

Management repeatedly asserted the company's strategic transformation and disciplined execution, stating 'our third quarter results reflect the strength of our strategy and disciplined execution' and highlighted maintaining a double-digit EBITDA margin even in a weak market. They provided specific guidance ranges and scenario analyses with clear numbers.

Q4 2025

Confident Specific

management leads with 'we successfully navigated 2025 despite ongoing challenges' and 'I'm confident in our ability to manage through near-term uncertainty', while providing detailed numerical guidance and specific cost actions. The tone conveys belief in the company's strategic position even as they acknowledge 'more headwinds than tailwinds'.

Q1 2026 latest

Cautious

management acknowledged a weak housing market, geopolitical uncertainty, and downward revised guidance, but emphasized their adaptability, share gains, and cost control measures.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is weaker near-term due to the downward revised guidance and ongoing macro headwinds, but management's cost actions, share repurchase commitment, and historical cash flow generation provide some support. The key change is the lower profitability outlook for 2026, though they expect a stronger second half driven by seasonal leverage and cost savings. Investors should watch for stabilization in single-family starts, the ability to pass through cost inflation, and whether margin improvement materializes as guided in H2. The company's dominant market position and cyclical recovery optionality remain intact, but near-term earnings visibility is reduced.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Cautious ~ Volatile 4 quarters Full tone analysis in Intelligence →

📊 MIXED Builders FirstSource: Q1 net sales $3.3B, weak housing, revised FY26 guidance lower.

Revenue & Profitability

Net sales decreased 10% to $3.3 billion, driven by lower core organic sales and commodity deflation. Gross profit was $0.9 billion, down 17%, with gross margin of 28.3% (down 220 bps). Adjusted SG&A was $740 million, down $31 million. Adjusted EBITDA was $214 million, down 42%, and adjusted EPS was $0.27, down 82%. Operating cash flow was $87 million, free cash flow $43 million. Full-year 2026 guidance: net sales $14.6-$15.6 billion, adjusted EBITDA $1.1-$1.5 billion, free cash flow $400-$500 million.

Outlook

Management sees a weak housing market with affordability challenges, muted consumer confidence, and geopolitical tensions (Middle East conflict) adding volatility. The spring selling season was undermined by uncertainty and higher interest rates. They expect single-family starts down 2.5%, multifamily down 2.5%, and repair/remodel down 1% in 2026. Multifamily improvement is not expected until next year. The revised guidance reflects lower sales and margin expectations.

Growth Drivers

Key growth levers include share gains in single-family through exceptional service, product bundling, and technology. Digital platform processed nearly $800 million in quotes in Q1. M&A remains a priority (41 acquisitions since 2021). Value-added solutions (manufactured components, windows, doors, millwork) are expected to grow faster when the market recovers. Install services (truss, windows, framing) are also a growth driver due to labor constraints.

Balance Sheet & CapEx

Capital expenditures in Q1 were $45 million. The company is investing in automation, AI, and digital integrations. A next-generation digital platform (myBLDR.com) with four hubs will roll out later in 2026. An SAP implementation is underway with a pilot in 2025 and acceleration planned for 2027. Full-year free cash flow guidance is $400-$500 million, with working capital investment expected as second-half sales strengthen.

Margins

Q1 gross margin was 28.3%, down 220 bps year-over-year, driven by lower starts environment and mix impact (more lumber and sheet goods). Adjusted EBITDA margin was 6.5%, down 360 bps. Full-year 2026 gross margin guidance: 27.5%-29%. Adjusted EBITDA margin guidance: 7.5%-9.6%. Cost actions ($100 million) and productivity savings ($6 million in Q1, target $50-$70 million) are expected to support margin improvement in the second half.

Key Risks

Key risks include ongoing housing market weakness, affordability constraints, consumer uncertainty, geopolitical tensions (Middle East conflict), higher interest rates, and inflationary pressure (fuel costs). Competitive pressure on specialty product margins was a surprise in Q1. The ability to pass through cost increases is challenged by builder resistance. A sustained weak market could further pressure margins and volumes.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-30

Second quarter sales and earnings declined year-over-year due to weak housing demand, but disciplined cost actions, productivity gains, and strategic investments helped maintain market share and support profitability. Guidance for 2026 was lowered, with continued focus on cost control, M&A, and digital initiatives.

Q1 2026 Q1 2026 2026-04-30

Sales and earnings declined year-over-year due to weak housing demand, lower starts, and margin pressure, but share gains and disciplined cost actions supported performance. Guidance reflects continued market softness, with a stronger second half expected and ongoing investment in digital, M&A, and capital returns.

Q4 2025 Q4 2025 2026-02-17

2025 saw resilient margins and strong cash flow despite a weak housing market, with disciplined cost actions and continued investment in technology and M&A. 2026 guidance anticipates flat starts, stable gross margins, and significant working capital investment, with a heavier second-half contribution expected.

Q3 2025 Q3 2025 2025-10-30

Q3 saw lower sales and earnings amid a weak housing market, but margins remained stable above 30% and free cash flow was strong. Strategic investments in digital tools, M&A, and operational efficiency position the company for growth as market conditions improve.

Q2 2025 Q2 2025 2025-07-31

Q2 results showed resilient profitability amid a challenging housing market, with net sales down 5% and adjusted EBITDA down 24% year-over-year. Guidance was trimmed due to weaker single-family starts and commodity headwinds, but strong cash flow and disciplined capital allocation continue to support long-term growth.

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