TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products. The company also offers insulation installation …
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Competitive advantage assessment
Key strengths
Margins Consistently Above PeersGross margin at 29.0% (top 13%) and operating margin at 14.6% (top 7%) indicate strong pricing power.
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.78), demonstrating pricing resilience across cycles.
Key risks
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.34), suggesting weak customer stickiness.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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TopBuild Corp. ranks #5 of 49
scored companies in Engineering & Construction by moat score — the top 10%.
The widest moat in the group is Sterling Infrastructure, Inc. (STRL)
at 79/100.
Moat scores for companies ranked near BLD in Engineering & Construction
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 60
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 68
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 76
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 73
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 73
· 15% of the moat score
Scale matters only when it converts into economics.
TopBuild Corp. (BLD) scores 73 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #5 of 49 scored companies in Engineering & Construction, the top 10%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 48 companies in Engineering & Construction. Its strongest defense is Pricing Power (85/100) and its weakest is Cost Advantage (60/100).
How does TopBuild Corp. compare with other Engineering & Construction companies?
TopBuild Corp. ranks #5 of 49 scored companies in Engineering & Construction by moat score. The widest moat in Engineering & Construction is Sterling Infrastructure, Inc. (STRL) at 79/100. The companies ranked closest are Argan, Inc. (AGX) at 75 just above it and EMCOR Group, Inc. (EME) at 72 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 48 companies in Engineering & Construction. The defenses are then weighted to produce the overall score out of 100.
Why is TopBuild Corp. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for TopBuild Corp.?
The Corporate Default template measures 6 defenses, and BLD scores: Pricing Power (85), Cost Advantage (60), Customer Stickiness (68), Capital Efficiency (76), Resilience (73), Scale & Market Position (73). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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