Topbuild Corp (BLD)

Return on equity (ROE)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	622,602	618,448	617,090	630,767	614,256	611,705	597,849	577,146	555,987	490,512	432,201	378,884	324,015	316,414	290,975	256,091	247,020	222,248	207,228	203,783
Total stockholders’ equity	US$ in thousands	2,209,620	2,114,270	2,357,310	2,712,030	2,563,660	2,407,830	2,238,050	2,065,140	1,929,710	1,834,440	1,742,660	1,697,240	1,636,430	1,561,710	1,474,820	1,396,360	1,348,790	1,281,590	1,217,650	1,179,820
ROE		28.18%	29.25%	26.18%	23.26%	23.96%	25.40%	26.71%	27.95%	28.81%	26.74%	24.80%	22.32%	19.80%	20.26%	19.73%	18.34%	18.31%	17.34%	17.02%	17.27%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $622,602K ÷ $2,209,620K
= 28.18%

Topbuild Corp's return on equity (ROE) has shown a generally increasing trend over the past few years, indicating improved efficiency in generating profits from shareholders' equity.

The ROE increased from 17.27% as of March 31, 2020, to 28.18% as of December 31, 2024. This improvement suggests that the company has been effectively utilizing its equity to generate higher returns for its shareholders.

The ROE fluctuated during the period, with some quarters showing more significant increases than others. For example, there was a notable jump from 18.31% in December 31, 2020, to 19.73% in June 30, 2021. Similarly, the ROE showed a substantial increase from 23.26% in March 31, 2024, to 26.18% in June 30, 2024.

Despite some fluctuations, the general upward trend in ROE indicates that Topbuild Corp has been successful in efficiently using its equity to generate profits, which is a positive sign for the company's financial health and performance.