TopBuild
TopBuild Corp. (NYSE: BLD) is a leading North American installer and specialty distributor of insulation and commercial roofing products, operating over 450 branches across the US and Canada. The company serves residential, commercial, and industrial construction end-markets through two segments: Installation Services (~56% of sales) and Specialty Distribution (~44% of sales).
- Company typePublic
- Founded2015
- HeadquartersDaytona Beach, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What TopBuild does
TopBuild Corp. (NYSE: BLD) is a leading North American installer and specialty distributor serving the construction industry, operating two integrated segments through a network of more than 450 branches across the United States and Canada. The Installation Services segment (~56% of sales) operates over 200 branches providing nationwide insulation and commercial roofing installation through brands including TruTeam, Progressive Roofing, and TopBuild Home Services. The Specialty Distribution segment (~44% of sales) operates over 250 branches supplying contractors with building and mechanical insulation, accessories, and related products through brands including Service Partners, Distribution International, Specialty Products and Insulation (SPI), Silvercote, and Crossroads C&I. End-markets span residential, light commercial, heavy commercial, industrial, metal building, and marine insulation applications.
TopBuild generates revenue primarily through installation labor and materials (professional services model) and distribution margins on insulation and building products (wholesale model). Pricing is B2B and project-based, with contract relationships with homebuilders, commercial builders, industrial contractors, and specialty contractors. The company operates a "Connected Technology Platform" supporting operational efficiency across branches but does not disclose material AI/ML capabilities. The business has grown primarily through acquisition: TopBuild has completed 49 acquisitions since its 2015 spin-off from Masco Corporation, including major 2025 deals for Progressive Roofing ($438M) and SPI ($698.8M), expanding roofing and mechanical insulation capabilities.
The company is subject to a definitive merger agreement announced April 19, 2026 under which QXO Inc. will acquire TopBuild for approximately $17 billion (~$505 per share, cash-and-stock deal at 45% cash / 55% stock), expected to close in Q3 2026. TopBuild generated $5.41 billion in 2025 net sales and approximately $1.04 billion in adjusted EBITDA, and was founded as a public company in 2015 (with operating history traceable to 1929 through predecessor Masco businesses). The company employs approximately 14,000 people and is headquartered in Daytona Beach, Florida.
TopBuild firmographics
Firmographics- Name
- TopBuild
- Legal name
- TopBuild Corp.
- Website
- https://topbuild.com
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- TopBuild Corp. (NYSE: BLD) is a leading North American installer and specialty distributor of insulation and commercial roofing products, operating over 450 branches across the US and Canada. The company serves residential, commercial, and industrial construction end-markets through two segments: Installation Services (~56% of sales) and Specialty Distribution (~44% of sales).
- Ownership category
- akta.pro rank
Where TopBuild is headquartered
LocationHeadquarters
- HQ city
- Daytona Beach
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
TopBuild business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Installation Services: Provides nationwide insulation and commercial roofing installation services through a network of over 200 branches. Revenue generated from installation labor and materials for residential, commercial, and industrial projects. The segment contributed approximately 56% of total sales.
- Specialty Distribution: Distributes building and mechanical insulation, accessories, and related products to contractors through over 250 branches. Supplies residential, commercial, and industrial end markets. The segment contributed approximately 44% of total sales.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
TopBuild product offering
Product offeringCore offering
TopBuild operates two business segments: an Installation Services segment providing nationwide insulation and commercial roofing installation through a network of over 200 branches under brands including TruTeam and Progressive Roofing, and a Specialty Distribution segment distributing building and mechanical insulation, accessories, and related products to contractors through over 250 branches under brands including Service Partners, Distribution International, Specialty Products and Insulation (SPI), Silvercote, and Crossroads C&I. The combined offerings serve residential, commercial, and industrial construction end markets across the United States and Canada.
Product overview
TopBuild is a diversified building products company operating two distinct business segments: Installation Services and Specialty Distribution. The Installation Services segment (56% of sales) operates over 200 branches providing nationwide insulation and commercial roofing installation through brands including TruTeam (residential/commercial insulation), Progressive Roofing (commercial/industrial roofing), and TopBuild Home Services (energy efficiency testing). The Specialty Distribution segment (44% of sales) operates over 250 branches supplying contractors with building and mechanical insulation, accessories, and related products through brands including Service Partners (residential/commercial insulation distribution), Distribution International and Specialty Products and Insulation (mechanical insulation for MRO), Silvercote (metal building insulation), and Crossroads C&I (Canadian industrial/commercial/marine insulation).
Differentiator
Problem solved
Functional benefit
Brands
- TruTeam: Nationwide network of local installation businesses providing homeowners, home builders, and commercial builders with insulation and building products installation services
- Progressive Roofing
- TopBuild Home Services
- Service Partners
- Distribution International
- Specialty Products and Insulation (SPI)
- Silvercote
- Crossroads C&I
Products and services
- TruTeam Insulation Installation
Quantifiable outcome
- Energy efficiency improvements through proper insulation installation
- +1 more outcomes
Companies that use TopBuild
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles4 records
TopBuild technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
TopBuild partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor, core and moderate.
- Applied Coatings and Upstate Spray FoamminorTopBuild acquired Applied Coatings and Upstate Spray Foam in February 2026, companies based in Winfield, New York generating approximately $20 million in annual revenue, serving residential and commercial markets.
- Specialty Products & Insulation (SPI)coreTopBuild acquired Specialty Products & Insulation (SPI) in October 2025 as part of its acquisition strategy. SPI is a leading distributor and fabricator of mechanical insulation and related supplies for maintenance, repair, and operations (MRO) in North America.
- Texas InsulationmoderateTopBuild acquired Texas Insulation from Energy One America in June 2024, generating approximately $39 million in annual revenue and expanding spray foam capabilities in Dallas, Houston, and Austin markets.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
TopBuild competitors and assessment
Company assessmentDirect peers
- Installed Building Products: Installed Building Products (IBP) is the closest direct competitor to TopBuild's Installation Services segment, providing professional insulation installation alongside complementary building products for residential and commercial customers across the U.S. Both companies share the same end markets (homebuilders, commercial contractors) and compete head-to-head on national accounts, making IBP the most directly comparable peer.
- Foundation Building Materials: Foundation Building Materials (FBM) is a specialty distributor of insulation, gypsum, ceilings, and related building products serving commercial and residential contractors in North America. FBM's distribution-led model and insulation category focus make it a direct comparison to TopBuild's Specialty Distribution segment and a competitor in shared branch geographies.
Broad incumbents
- ABC Supply Co. ABC Supply is the largest wholesale distributor of roofing, siding, windows, and exterior building products in North America with over 900 branches. While not an insulation specialist, ABC Supply competes for specialty distribution shelf space and contractor mindshare in overlapping branch territories, and is being acquired by QXO alongside TopBuild.
- Beacon Roofing Supply (QXO): Beacon Roofing Supply was the largest U.S. roofing and building products distributor before becoming a subsidiary of QXO. QXO is the acquirer of TopBuild and competes in adjacent specialty distribution categories, including roofing, waterproofing, and insulation adjacencies that overlap with Progressive Roofing and TopBuild Distribution International.
- Ferguson Enterprises: Ferguson is the largest U.S. distributor of plumbing, HVAC, and related infrastructure products with $30B+ in revenue. While its core categories differ, Ferguson's branch-based distribution model, project-based B2B sales motion, and specialization in mechanical/building systems make it a useful comparable for distribution unit economics and capital allocation benchmarks.
- Builders FirstSource: Builders FirstSource (BFS) is the largest U.S. supplier of building products, prefabricated components, and value-added services to professional residential contractors. BFS overlaps with TopBuild's residential installation and distribution customer base and competes for share of wallet with national homebuilders.
- Masco Corporation: Masco Corporation is TopBuild's former parent (spin-off completed in 2015) and a major manufacturer of home improvement and building products including BEHR paint, Delta Faucet, and Kwikset. Masco provides a reference benchmark for the building products value chain and represents a potential channel partner and competitor for branded products flowing through TopBuild's distribution network.
- Cornerstone Building Brands: Cornerstone Building Brands is a leading exterior building products manufacturer serving the residential, commercial, and repair/remodel markets. While primarily a manufacturer rather than installer/distributor, Cornerstone competes for the same building envelope spend that flows through TopBuild's residential and light commercial channels.
- SRS Distribution: SRS Distribution is a fast-growing U.S. roofing and building products distributor owned by Home Depot, operating over 700 branches across multiple specialty categories. SRS competes with Service Partners and Distribution International for specialty contractor accounts and represents a relevant comparable for organic-plus-rollup growth in building products distribution.
Others
- Owens Corning: Owens Corning is a major global manufacturer of insulation, roofing, and fiberglass composite materials, and is one of TopBuild's largest suppliers of residential and commercial insulation products. While not a direct competitor in installation or distribution, Owens Corning's pricing and product roadmap materially shape TopBuild's cost structure and category value proposition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
TopBuild social profiles
Digital presenceTopBuild compliance and trust
Trust signalCompliance3 records
TopBuild financial estimates
Financial estimateRevenue estimate
Valuation estimate
TopBuild leadership team
Management profileNumber of profiles
Profiles9 records
TopBuild subsidiaries and ownership
Company hierarchySubsidiaries8 records
TopBuild funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TopBuild M&A and investment
M&A and investmentM&A17 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TopBuild
What does TopBuild do?
TopBuild operates two business segments: an Installation Services segment providing nationwide insulation and commercial roofing installation through a network of over 200 branches under brands including TruTeam and Progressive Roofing, and a Specialty Distribution segment distributing building and mechanical insulation, accessories, and related products to contractors through over 250 branches under brands including Service Partners, Distribution International, Specialty Products and Insulation (SPI), Silvercote, and Crossroads C&I. The combined offerings serve residential, commercial, and industrial construction end markets across the United States and Canada.
Is TopBuild a public or private company?
TopBuild is a public company. It is classified as public and is currently operating.
When was TopBuild founded?
TopBuild was founded in 2015. It employs 5,001 to 10,000 people.
Where is TopBuild based?
TopBuild is headquartered in Daytona Beach, United States, in the North America region.
How does TopBuild make money?
Two revenue lines are on record. Installation Services are the primary driver. The others are specialty Distribution.
Who are TopBuild's main competitors?
Direct peers on record are Installed Building Products and Foundation Building Materials. Broad incumbents are ABC Supply Co., Beacon Roofing Supply (QXO), Ferguson Enterprises, Builders FirstSource, Masco Corporation, Cornerstone Building Brands and SRS Distribution. Owens Corning is listed as an others.
Does TopBuild have an API?
No public API is recorded for TopBuild.