What does distribution — amortization of inventory mean?

The expense recognized as acquired inventory is sold at a higher fair market value than its original cost.

How do you interpret distribution — amortization of inventory?

Higher values indicate recent acquisition activity and a temporary compression of gross margins.

How does distribution — amortization of inventory compare across companies?

Common in industries with high M&A activity; peers often adjust this out when reporting non-GAAP earnings.

TopBuild Corporation BLD Distribution — Amortization Of Inventory

Similar metrics at other companies

DDElectronics & Industrial — Inventory Step-Up Amortization

$2M—

GMEDReportable Segment — Amortization Of Inventory Fair Value Step Up

$0-100%

LFUSAll Other Segments — Noncash Charges Related To Inventory Stepup

$6.9M—

DDIndustrial Intermediates And Infrastructure — Business Combination Fair Value Step Up And Amortization Of A Basis Difference Of Acquired Inventory

$0—

SMTCAmortization of inventory step-up

$0—

DDMobility & Materials — Business Combination, Inventory Step-up Amortization

$0—

Other financials

Income statement

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Revenue$1.4B+17.2%

Gross profit$400.3M+13.9%

Operating income$175.0M-1.4%

Net income$104.8M-15.1%

EPS (diluted)$3.73-11.8%

Balance sheet

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Cash & equivalents$268.8M-12.9%

Total debt$3.1B+99.6%

Total equity$2.4B+13.6%

Total assets$6.7B+46.0%

Cash flow

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Operating cash flow$160.7M+5.3%

CapEx$14.0M+4.5%

Free cash flow$146.7M+5.4%

Valuation

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Market cap$12B+10.9%

Enterprise value$14.86B+25.3%

P/E23.9×+5.6×

P/S2.1×+0.1×

Profitability

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Gross margin28.8%-1.3pp

Operating margin14%-2.0pp

Net margin9%-2.3pp

FCF margin12.5%-0.5pp

Returns & leverage

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Return on equity22.3%-2.3pp

Debt / equity1.3×+0.6×

Current ratio2×0.0×

Where this comes from

Reported directly by TopBuild Corporation in its filing.

Tagged under the XBRL concept bld:AmortizationOfInventory.

The official record: TopBuild Corporation’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TopBuild Corporation's distribution — amortization of inventory?: TopBuild Corporation (BLD) reported distribution — amortization of inventory of $11.4M in Q4 2025.
What does distribution — amortization of inventory mean?: The expense recognized as acquired inventory is sold at a higher fair market value than its original cost.
How do you interpret distribution — amortization of inventory?: Higher values indicate recent acquisition activity and a temporary compression of gross margins.
How does distribution — amortization of inventory compare across companies?: Common in industries with high M&A activity; peers often adjust this out when reporting non-GAAP earnings.