Builders FirstSource (BLDR) Q4 2025 Earnings
Reported Feb 17, 2026 at 7:24 AM ET · SEC Source
Q4 25 EPS
$1.12
MISS 12.25%
Est. $1.28
Q4 25 Revenue
$3.36B
MISS 2.87%
Est. $3.46B
vs S&P Since Q4 25
-34.4%
TRAILING MARKET
BLDR -25.9% vs S&P +8.5%
Full Year 2025 Results
FY 25 EPS
$6.89
FY 25 Revenue
$15.19B
Market Reaction
Did BLDR Beat Earnings? Q4 2025 Results
Builders FirstSource capped a difficult fiscal year with a fourth-quarter miss on both the top and bottom lines, as a persistently weak housing starts environment weighed heavily on results. The building products distributor reported adjusted EPS of … Read more Builders FirstSource capped a difficult fiscal year with a fourth-quarter miss on both the top and bottom lines, as a persistently weak housing starts environment weighed heavily on results. The building products distributor reported adjusted EPS of $1.12, falling short of the $1.28 consensus estimate by 12.25%, while revenue of $3.36 billion trailed expectations by 2.87% and declined 12.1% from a year earlier. The shortfall traced primarily to a 14.0% drop in core organic net sales, with single-family demand off 15.4% and multi-family sliding 20.4%, pressures that also squeezed gross margin by 250 basis points to 29.8% and sent adjusted EBITDA down 44.3% to $274.90 million. SG&A costs climbed despite lower sales, reflecting ongoing ERP system implementation expenses that totaled $135.80 million for the full year, roughly double the prior year's burden. Analysts have flagged declining revenue and ROIC as meaningful risks for the stock. Looking ahead, management guided 2026 net sales of $14.80 billion to $15.80 billion and free cash flow of approximately $500.00 million, assuming flat housing starts within its geographies.
Key Takeaways
- • Below-normal housing starts environment drove 12.1% net sales decline
- • Core organic net sales declined 14.0% with Single Family down 15.4%, Multi-Family down 20.4%, and R&R/Other down 6.5%
- • Commodity deflation of 1.9% further pressured net sales
- • Acquisitions contributed 3.8% growth partially offsetting organic declines
- • Gross profit margin declined 250 basis points to 29.8%
- • Reduced operating leverage increased SG&A as a percentage of net sales by 370 basis points to 28.0%
- • Higher average debt balances increased net interest expense by $14.6 million
BLDR YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
BLDR Revenue by Segment
With YoY comparisons, source: SEC Filings
“Driven by focused execution and close customer partnerships, we successfully navigated 2025 despite ongoing housing affordability challenges, weak consumer confidence, and depressed commodity prices. We remain committed to reducing barriers to affordable housing and driving a more efficient, integrated supply chain. Our ability to perform effectively through each phase of the business cycle reflects the strength of our differentiated value-added solutions, industry-leading technology, and unique operating model.”
— Peter Jackson, Q4 2025 Earnings Press Release
BLDR Earnings Trends
BLDR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BLDR EPS Trend
Earnings per share: estimate vs actual
BLDR Revenue Trend
Quarterly revenue: estimate vs actual
BLDR Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.37 | $0.27 | -27.61% | $3.29B | +3.58% |
| Q4 25 MISS FY | $1.28 | $1.12 | -12.25% | $3.36B | -2.87% |
| FY Full Year | — | $6.89 | — | $15.19B | — |
| Q3 25 BEAT | $1.72 | $1.88 | +9.06% | $3.94B | +2.48% |
| Q2 25 BEAT | $2.34 | $2.38 | +1.57% | $4.23B | -1.02% |