Builders FirstSource (BLDR)
NYSEIndustrialsBuilding Products & EquipmentSnapshot 2026-07-07
$78.39-4.79%
Close 2026-07-07 · 1-day change
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Track BLDR free→Builders FirstSource serves professional builders with essential materials. It targets $14.6-$15.6 billion revenue in 2026. The company aims to keep gross margins near 28%. A $500 million share buyback supports shareholder value.
Revenue fell 10% in Q1 2026 and guidance was cut. Margins declined from 30.5% to 28.3%. Leadership changes raise execution risks. The housing market slowdown may persist, pressuring results.
The stock trades about 4% below our $82 fair value, reflecting modest 4% revenue growth expected by analysts. Our fair value is 18% below the Street median, signaling cautious outlook. We see risks to revenue and margin targets.
Breaks if: gross margin falls below 27.5% in FY26
Aim to maintain a gross profit margin in the range of 27.5% to 29% for 2026.
Stated in 3 of last 3 quarters. Gross profit margin was 28.3% in 2026-Q1, down from 30.5% in 2025-Q1, indicating a decline. The trajectory shows limited progress towards maintaining the target range of 27.5% to 29% for 2026.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Gross Profit margin to be in a range of 27.5% to 29%.”
“Gross Profit margin to be in a range of 28.5% to 30%.”
“Gross Profit margin to be in a range of 30.1% to 30.5%.”
Breaks if: Additional key leadership departures or governance issues arise
Breaks if: annual revenue falls below $14.6 billion in FY26
Focus on achieving the 2026 revenue target of $14.6 billion to $15.6 billion.
Stated in 3 of last 3 quarters. Revenue was $3.3 billion in 2026-Q1, down from $3.7 billion in 2025-Q1, reflecting a 10.1% decrease due to a lower starts environment. The trajectory shows limited progress towards the 2026 revenue target of $14.6 billion to $15.6 billion.
“For 2026, the Company expects to achieve net sales in a range of $14.6 billion to $15.6 billion.”
“For 2026, the Company expects to achieve net sales in a range of $14.8 billion to $15.8 billion.”
“For 2026, the Company expects to achieve net sales in a range of $15.1 billion to $15.4 billion.”
Breaks if: buyback program halted or materially delayed in FY26
Continue the share repurchase program with a new $500 million authorization.
Stated in 2 of last 2 quarters. Repurchased 3.3 million shares for $302.9 million in 2026-Q1. The new $500 million authorization is on track, with significant progress made towards the buyback target.
“The Board authorized the repurchase of up to $500 million of the Company’s outstanding shares.”
“The Board authorized the repurchase of up to $500 million of the Company’s outstanding shares.”