BLD vs. ROAD
BLD (TopBuild Corp.) and ROAD (Construction Partners, Inc.) are both stocks. Both operate in the Engineering & Construction industry within the Industrials sector. Over the past 5 years, BLD returned 15.42%/yr vs 25.85%/yr for ROAD. At a 0.36 correlation, their price movements are largely independent.
Performance
BLD vs. ROAD - Performance Comparison
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Returns By Period
In the year-to-date period, BLD achieves a -4.35% return, which is significantly lower than ROAD's -2.01% return.
BLD
- 1D
- -0.69%
- 1M
- -6.78%
- YTD
- -4.35%
- 6M
- -7.92%
- 1Y
- 34.29%
- 3Y*
- 20.34%
- 5Y*
- 15.42%
- 10Y*
- 27.03%
ROAD
- 1D
- -3.80%
- 1M
- -24.28%
- YTD
- -2.01%
- 6M
- 2.07%
- 1Y
- -3.62%
- 3Y*
- 49.37%
- 5Y*
- 25.85%
- 10Y*
- —
BLD vs. ROAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BLD TopBuild Corp. | -4.35% | 34.00% | -16.81% | 139.16% | -43.28% | 49.89% | 78.58% | 129.07% | -39.93% |
ROAD Construction Partners, Inc. | -2.01% | 22.71% | 103.26% | 63.06% | -9.25% | 1.03% | 72.55% | 91.05% | -32.08% |
Correlation
The correlation between BLD and ROAD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 4, 2018 | 0.36 |
The correlation between BLD and ROAD shifts across timeframes, from 0.36 (all time) to 0.46 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
BLD:
$11.22B
ROAD:
$5.98B
BLD:
$17.76
ROAD:
$2.27
BLD:
22.47
ROAD:
46.86
BLD:
1.09
ROAD:
0.87
BLD:
2.01
ROAD:
1.83
BLD:
4.67
ROAD:
6.11
BLD:
$5.62B
ROAD:
$3.26B
BLD:
$1.62B
ROAD:
$511.53M
BLD:
$933.40M
ROAD:
$397.81M
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Return for Risk
BLD vs. ROAD — Risk / Return Rank
BLD
ROAD
BLD vs. ROAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TopBuild Corp. (BLD) and Construction Partners, Inc. (ROAD). 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 | ROAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.03 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | -0.14 | +1.02 |
| Martin ratioReturn relative to average drawdown | 2.24 | -0.26 | +2.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BLD | ROAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | -0.08 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.57 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.64 | +0.03 |
Drawdowns
BLD vs. ROAD - Drawdown Comparison
The maximum BLD drawdown since its inception was -52.26%, roughly equal to the maximum ROAD drawdown of -54.54%. Use the drawdown chart below to compare losses from any high point for BLD and ROAD.
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Drawdown Indicators
| BLD | ROAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.26% | -54.54% | +2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -39.12% | -26.55% | -12.57% |
Max Drawdown (3Y)Largest decline over 3 years | -42.41% | -33.62% | -8.79% |
Max Drawdown (5Y)Largest decline over 5 years | -49.39% | -54.54% | +5.15% |
Max Drawdown (10Y)Largest decline over 10 years | -52.26% | — | — |
Current DrawdownCurrent decline from peak | -27.57% | -24.28% | -3.29% |
Average DrawdownAverage peak-to-trough decline | -15.08% | -16.28% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.32% | 14.03% | +1.29% |
Volatility
BLD vs. ROAD - Volatility Comparison
The current volatility for TopBuild Corp. (BLD) is 6.82%, while Construction Partners, Inc. (ROAD) has a volatility of 14.70%. This indicates that BLD experiences smaller price fluctuations and is considered to be less risky than ROAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLD | ROAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 14.70% | -7.88% |
Volatility (6M)Calculated over the trailing 6-month period | 33.80% | 36.78% | -2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.58% | 47.25% | -3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.39% | 45.45% | -4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.77% | 48.68% | -5.91% |
Dividends
BLD vs. ROAD - Dividend Comparison
Neither BLD nor ROAD has paid dividends to shareholders.
Financials
BLD vs. ROAD - Financials Comparison
This section allows you to compare key financial metrics between TopBuild Corp. and Construction Partners, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BLD vs. ROAD - Profitability Comparison
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%.
ROAD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Construction Partners, Inc. reported a gross profit of 98.85M and revenue of 769.20M. Therefore, the gross margin over that period was 12.9%.
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%.
ROAD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Construction Partners, Inc. reported an operating income of 37.38M and revenue of 769.20M, resulting in an operating margin of 4.9%.
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%.
ROAD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Construction Partners, Inc. reported a net income of 9.18M and revenue of 769.20M, resulting in a net margin of 1.2%.
Frequently Asked Questions
BLD and ROAD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROAD has higher volatility (14.70%) compared to BLD (6.82%). In terms of maximum drawdown, BLD dropped -52.26% vs ROAD's -54.54%.
BLD currently has the higher Sharpe Ratio (0.79 vs -0.08), 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.
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