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Companies / Consumer Discretionary / QXO Insulation, LLC
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QXO Insulation, LLC

Consumer DiscretionaryConstructionDeregistered 2026-07-13
Ticker —DAYTONA BEACH, FLFiscal year ends DecemberBook value per share $85.47Diluted shares 28.1M

TopBuild Corp. is a leading installer of insulation and commercial roofing and a specialty distributor of insulation and other building products to the construction industry in the United States and Canada. The company operates through two complementary business segments: Installation Services, which accounts for… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-03-31
Sales & profitability
$5.41BFY2025
+1.5% year over year
Last 12 mo $5.62B
14.64%FY2025
−2 percentage points
Last 12 mo 14.04%
$521.73MFY2025
−16.2% year over year
Last 12 mo $503.15M
22.53%FY2025
−5.7 percentage points
Last 12 mo 20.93%
Cash & financing
$756.32MFY2025
−2.5% year over year
Last 12 mo $764.47M
$696.89MFY2025
−1.4% year over year
Last 12 mo $704.43M
1.24FY2025
Was 0.62× a year earlier
Last 12 mo 1.19
28.5MFY2025
−7.0% year over year
Last 12 mo 28.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What QXO Insulation, LLC does

In the company’s own words

TopBuild Corp. is a leading installer of insulation and commercial roofing and a specialty distributor of insulation and other building products to the construction industry in the United States and Canada. The company operates through two complementary business segments: Installation Services, which accounts for approximately 59 percent of sales, and Specialty Distribution, representing approximately 41 percent of sales. More information is available at www.topbuild.com.

The Installation Services segment provides insulation and commercial roofing services nationwide through more than 200 branches located throughout the continental United States. Installation offerings include fiberglass batts and rolls, blown-in loose fill fiberglass, polyurethane spray foam, blown-in loose fill cellulose, and commercial roofing services including single-ply roofing, built-up roofing systems, and metal roofing systems. The segment also installs complementary building products such as glass and windows, rain gutters, garage doors, closet shelving, and fireplaces. Insulation services represent 74 percent of the Installation Services segment's sales.

The Specialty Distribution segment operates more than 250 distribution centers across the United States and Canada, distributing building and mechanical insulation, insulation accessories, rain gutters, and other building product materials. Insulation and insulation accessories comprise approximately 88 percent of Specialty Distribution sales. The company sources the majority of its fiberglass building products from four primary U.S.-based manufacturers: CertainTeed, Johns Manville, Knauf, and Owens Corning.

As of December 31, 2025, TopBuild employed 14,707 total employees, including 6,744 insulation installers. The company maintains a diversified customer base with no single customer representing more than 3.1 percent of total revenues. TopBuild's competitive advantages stem from its combined scale across both segments, dual distribution channels reaching builders and contractors of all sizes, diversified product lines spanning residential and commercial markets, strong local market presence, and ability to offset cyclical downturns through its integrated business model. The company also benefits from strong cash flow generation and favorable working capital dynamics that support organic growth initiatives.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Construction
Headquarters
DAYTONA BEACH, FL
Fiscal year end
December
CIK
1633931
SIC
1700

Financial performance, year by year

Fiscal 2015–2025 · USD
$-562.17M$1.12B$2.81B$4.50B$6.18B20152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns QXO Insulation, LLC — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

417
funds hold it
0 of 35
superinvestors hold it
$5.09B
held by funds, at market
3
bond issues held by funds

Largest fund holders · QXO Insulation, LLC’s weight in each

0.76%of fund net assets
0.55%of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.27%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
0.07%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

QXO Insulation, LLC’s bonds, as funds hold them

Funds report holding 3 issues of QXO Insulation, LLC’s debt, $489.32M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.82%, maturing 2029 to 2034.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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