TopBuild Corp 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period March 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromto Commission file number: 001-36870 TopBuild Corp.(Exact name of Registrant as Specified in its Charter) Delaware(State or Other Jurisdiction of Incorporation orOrganization)47-3096382(I.R.S. EmployerIdentification No.) 475 North Williamson BoulevardDaytona Beach, Florida(Address of Principal Executive Offices) 32114(Zip Code) (386) 304-2200(Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.⌧Yes◻No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).⌧Yes◻No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒No The registrant had outstanding 28,142,161 shares of Common Stock, par value $0.01 per share as of April 24, 2026. TOPBUILD CORP.TABLE OF CONTENTS Page No.PART I. FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited)Condensed Consolidated Balance Sheets4Condensed Consolidated Statements of Operations5Condensed Consolidated Statements of Comprehensive Income6Condensed Consolidated Statements of Cash Flows7Condensed Consolidated Statements of Changes in Equity8Notes to Condensed Consolidated Financial Statements9Item 2.Management's Discussion and Analysis of Financial Condition and Results ofOperations23Item 3.Quantitative and Qualitative Disclosures About Market Risk28Item 4. Controls and Procedures29PART II.OTHER INFORMATIONItem 1.Legal Proceedings29Item1A.Risk Factors29Item 2.Unregistered Sales of Equity Securities and Use of Proceeds31Item 3.Defaults upon Senior Securities31Item 4.Mine Safety Disclosures31Item 5. Other Information31Item 6. Exhibits31Index to Exhibits32Signatures33 GLOSSARY We use acronyms, abbreviations, and other defined terms throughout this Quarterly Report, which aredefined in the glossary below: PART I – FINANCIAL INFORMATION Long-term debt2,769,8882,784,197Deferred tax liabilities, net395,765387,594Long-term portion of insurance reserves58,64558,681Long-term operating lease liabilities190,086200,729Long-term finance lease liabilities11,01411,020Other liabilities1,7822,115Total liabilities4,306,8014,289,152 Equity:Preferred stock, $0.01 par value: 10,000,000 shares authorized; 0 sharesissued and outstanding--Common stock, $0.01 par value: 250,000,000 shares authorized;39,747,055 shares issued and 28,139,211 outstanding at March 31, 2026,and 39,643,887 shares issued and 28,069,250 outstanding at December31, 2025397396Treasury stock, 11,607,844 shares at March 31, 2026, and 11,574,637shares at December 31, 2025, at cost(2,142,193)(2,124,964)Additional paid-in capital950,262945,303Retained earnings3,620,0613,515,248Accumulated other comprehensive loss(24,165)(19,823)Total equity2,404,3622,316,160Total liabilities and equity$6,711,163$6,605,312 TOPBUILD CORP.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)(In thousands except share and per common share data) TOPBUILD CORP.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)(In thousands) See notes to our unaudited condensed consolidated financial statements. TOPBUILD CORP.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)(In thousands) TOPBUILD CORP.CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited)(In thousands except share data) TOPBUILD CORP.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1.BASIS OF PRESENTATION TopBuild is a Delaware corporation and trades on the NYSE under