BLD vs. EXP

Last updated Jun 3, 2026

BLD (TopBuild Corp.) and EXP (Eagle Materials Inc.) are both stocks. BLD operates in Engineering & Construction (Industrials), while EXP operates in Building Materials (Basic Materials). Over the past 10 years, BLD returned 27.57%/yr vs 11.42%/yr for EXP. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

BLD vs. EXP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TopBuild Corp. (BLD) and Eagle Materials Inc. (EXP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLD achieves a -2.43% return, which is significantly lower than EXP's 5.75% return. Over the past 10 years, BLD has outperformed EXP with an annualized return of 27.57%, while EXP has yielded a comparatively lower 11.42% annualized return.

BLD

• 1D: -1.24%
• 1M: -7.27%
• YTD: -2.43%
• 6M: -8.95%
• 1Y: 45.01%
• 3Y*: 23.15%
• 5Y*: 16.14%
• 10Y*: 27.57%

EXP

• 1D: -1.24%
• 1M: 3.54%
• YTD: 5.75%
• 6M: -1.20%
• 1Y: 10.82%
• 3Y*: 9.40%
• 5Y*: 8.95%
• 10Y*: 11.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BLD vs. EXP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLD TopBuild Corp.	-2.43%	34.00%	-16.81%	139.16%	-43.28%	49.89%	78.58%	129.07%	-40.59%	112.75%
EXP Eagle Materials Inc.	5.75%	-15.85%	22.13%	53.62%	-19.55%	65.07%	11.98%	49.23%	-45.88%	15.45%

Correlation

The correlation between BLD and EXP is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jul 2, 2015	0.57

The correlation between BLD and EXP shifts across timeframes, from 0.57 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BLD : $11.45B EXP : $6.87B
EPS BLD : $17.76 EXP : $13.11
PE Ratio BLD : 22.92 EXP : 16.66
PEG Ratio BLD : 1.11 EXP : 1.60
PS Ratio BLD : 2.05 EXP : 3.06
PB Ratio BLD : 4.76 EXP : 4.66
Total Revenue (TTM) BLD : $5.62B EXP : $2.31B
Gross Profit (TTM) BLD : $1.62B EXP : $652.54M
EBITDA (TTM) BLD : $933.40M EXP : $178.51M

Return for Risk

BLD vs. EXP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BLD

BLD Risk / Return Rank: 68
BLD Sharpe Ratio Rank: 72
BLD Sortino Ratio Rank: 74
BLD Omega Ratio Rank: 66
BLD Calmar Ratio Rank: 63
BLD Martin Ratio Rank: 65

EXP

EXP Risk / Return Rank: 48
EXP Sharpe Ratio Rank: 52
EXP Sortino Ratio Rank: 47
EXP Omega Ratio Rank: 44
EXP Calmar Ratio Rank: 47
EXP Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BLD vs. EXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TopBuild Corp. (BLD) and Eagle Materials Inc. (EXP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BLD	EXP	Difference
Sharpe ratio Return per unit of total volatility	1.03	0.32	+0.71
Sortino ratio Return per unit of downside risk	1.94	0.72	+1.22
Omega ratio Gain probability vs. loss probability	1.21	1.08	+0.13
Calmar ratio Return relative to maximum drawdown	1.12	0.30	+0.82
Martin ratio Return relative to average drawdown	2.94	0.77	+2.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLD vs. EXP - Sharpe Ratio Comparison

The current BLD Sharpe Ratio is 1.03, which is higher than the EXP Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of BLD and EXP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BLD	EXP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	0.32	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.28	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.32	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.38	+0.29

Drawdowns

BLD vs. EXP - Drawdown Comparison

The maximum BLD drawdown since its inception was -52.26%, smaller than the maximum EXP drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for BLD and EXP.

Drawdown Indicators

	BLD	EXP	Difference
Max Drawdown Largest peak-to-trough decline	-52.26%	-79.52%	+27.26%
Max Drawdown (1Y) Largest decline over 1 year	-39.12%	-28.31%	-10.81%
Max Drawdown (3Y) Largest decline over 3 years	-42.41%	-44.73%	+2.32%
Max Drawdown (5Y) Largest decline over 5 years	-49.39%	-44.73%	-4.66%
Max Drawdown (10Y) Largest decline over 10 years	-52.26%	-63.78%	+11.52%
Current Drawdown Current decline from peak	-26.11%	-30.29%	+4.18%
Average Drawdown Average peak-to-trough decline	-15.07%	-24.00%	+8.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.95%	11.06%	+3.89%

Volatility

BLD vs. EXP - Volatility Comparison

The current volatility for TopBuild Corp. (BLD) is 7.77%, while Eagle Materials Inc. (EXP) has a volatility of 10.07%. This indicates that BLD experiences smaller price fluctuations and is considered to be less risky than EXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLD	EXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	10.07%	-2.30%
Volatility (6M) Calculated over the trailing 6-month period	33.84%	24.66%	+9.18%
Volatility (1Y) Calculated over the trailing 1-year period	43.73%	33.61%	+10.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.39%	32.62%	+8.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.78%	35.99%	+6.79%

Dividends

BLD vs. EXP - Dividend Comparison

BLD has not paid dividends to shareholders, while EXP's dividend yield for the trailing twelve months is around 0.46%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLD TopBuild Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EXP Eagle Materials Inc.	0.46%	0.48%	0.41%	0.49%	0.75%	0.45%	0.10%	0.44%	0.66%	0.35%	0.41%	0.66%

Financials

BLD vs. EXP - Profitability Comparison

The chart below illustrates the profitability comparison between TopBuild Corp. and Eagle Materials Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TopBuild Corp. reported a gross profit of 400.25M and revenue of 1.45B. Therefore, the gross margin over that period was 27.7%.

EXP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Eagle Materials Inc. reported a gross profit of 106.33M and revenue of 479.11M. Therefore, the gross margin over that period was 22.2%.

BLD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TopBuild Corp. reported an operating income of 175.04M and revenue of 1.45B, resulting in an operating margin of 12.1%.

EXP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Eagle Materials Inc. reported an operating income of 1.38M and revenue of 479.11M, resulting in an operating margin of 0.3%.

BLD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TopBuild Corp. reported a net income of 104.81M and revenue of 1.45B, resulting in a net margin of 7.3%.

EXP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Eagle Materials Inc. reported a net income of 60.16M and revenue of 479.11M, resulting in a net margin of 12.6%.

Frequently Asked Questions

Can I hold both BLD and EXP in my portfolio?

BLD and EXP have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLD or EXP?

EXP has higher volatility (10.07%) compared to BLD (7.77%). In terms of maximum drawdown, BLD dropped -52.26% vs EXP's -79.52%.

Which has better risk-adjusted returns?

BLD currently has the higher Sharpe Ratio (1.03 vs 0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.