BLD vs. WSO

Last updated Aug 1, 2026

BLD (TopBuild Corp.) and WSO (Watsco, Inc.) are both stocks. Both are in the Industrials sector — BLD in Engineering & Construction, WSO in Industrial Distribution. Their 0.48 correlation means their historical movements had little consistent relationship.

Performance

BLD vs. WSO - Performance Comparison

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

Returns By Period

BLD

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

WSO

• 1D: -0.46%
• 1M: -22.92%
• 6M: -18.63%
• YTD: -5.93%
• 1Y: -26.50%
• 3Y*: -3.84%
• 5Y*: 4.77%
• 10Y*: 11.55%
• ALL TIME*: 15.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
WSO Watsco, Inc.	$226.31M	$174.10M	$151.55M

BLD vs. WSO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLD TopBuild Corp.	-15.02%	34.00%	-16.81%	139.16%	-43.28%	49.89%	78.58%	129.07%	-40.59%	112.75%
WSO Watsco, Inc.	-5.93%	-27.02%	13.22%	77.00%	-17.74%	42.09%	30.57%	34.99%	-15.54%	18.36%

Correlation

The correlation between BLD and WSO is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (3Y) Balances recent behavior with more history.	0.55
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (10Y) Provides a long-term view across more market conditions.	0.50
Correlation (All Time) Calculated using the full available price history since Jul 1, 2015	0.48

The correlation between BLD and WSO shifts across timeframes, from 0.46 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BLD : $9.97B WSO : $12.74B
EPS BLD : $17.87 WSO : $12.53
PE Ratio BLD : 19.84 WSO : 24.69
PEG Ratio BLD : 0.96 WSO : 4.80
PS Ratio BLD : 1.78 WSO : 1.61
PB Ratio BLD : 4.15 WSO : 3.93
Total Revenue (TTM) BLD : $5.62B WSO : $7.28B
Gross Profit (TTM) BLD : $1.62B WSO : $2.03B
EBITDA (TTM) BLD : $933.40M WSO : $737.47M

Return for Risk

BLD vs. WSO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WSO

WSO Risk / Return Rank: 8
WSO Sharpe Ratio Rank: 8
WSO Sortino Ratio Rank: 12
WSO Omega Ratio Rank: 12
WSO Calmar Ratio Rank: 7
WSO Martin Ratio Rank: 1

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BLD vs. WSO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TopBuild Corp. (BLD) and Watsco, Inc. (WSO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BLD	WSO	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.85	—
Sortino ratio: Return per unit of downside risk	—	-1.07	—
Omega ratio: Gain probability vs. loss probability	—	0.87	—
Calmar ratio: Return relative to maximum drawdown	—	-0.92	—
Martin ratio: Return relative to average drawdown	—	-2.13	—

Drawdowns

Drawdown Indicators

	BLD	WSO	Difference
Max Drawdown Largest peak-to-trough decline	—	-64.30%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-31.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-42.80%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.80%	—
Current Drawdown Current decline from peak	—	-42.80%	—
Average Drawdown Average peak-to-trough decline	—	-18.09%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.62%	—

Volatility

Volatility by Period

	BLD	WSO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	34.39%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	30.90%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	28.26%	—

Dividends

BLD vs. WSO - Dividend Comparison

BLD has not paid dividends to shareholders, while WSO's dividend yield for the trailing twelve months is around 4.07%.

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%
WSO Watsco, Inc.	4.07%	3.47%	2.23%	2.29%	3.43%	2.44%	3.06%	3.55%	4.02%	2.71%	2.43%	2.39%

Financials

BLD vs. WSO - Profitability Comparison

The chart below illustrates the profitability comparison between TopBuild Corp. and Watsco, 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 Aug 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%.

WSO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Watsco, Inc. reported a gross profit of 578.93M and revenue of 2.10B. Therefore, the gross margin over that period was 27.5%.

BLD - Operating Margin

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

WSO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Watsco, Inc. reported an operating income of 238.37M and revenue of 2.10B, resulting in an operating margin of 11.3%.

BLD - Net Margin

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

WSO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Watsco, Inc. reported a net income of 163.34M and revenue of 2.10B, resulting in a net margin of 7.8%.

Frequently Asked Questions

Can I hold both BLD and WSO in my portfolio?

BLD and WSO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.