EXP vs. BLD

Last updated Jul 14, 2026

EXP (Eagle Materials Inc.) and BLD (TopBuild Corp.) are both stocks. EXP operates in Building Materials (Basic Materials), while BLD operates in Engineering & Construction (Industrials). Over the past 10 years, EXP returned 10.43%/yr vs 25.70%/yr for BLD. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

EXP vs. BLD - Performance Comparison

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

Returns By Period

In the year-to-date period, EXP achieves a -0.50% return, which is significantly higher than BLD's -15.02% return. Over the past 10 years, EXP has underperformed BLD with an annualized return of 10.43%, while BLD has yielded a comparatively higher 25.70% annualized return.

EXP

• 1D: -2.20%
• 1M: -4.59%
• 6M: -14.40%
• YTD: -0.50%
• 1Y: -7.75%
• 3Y*: 3.46%
• 5Y*: 8.79%
• 10Y*: 10.43%

BLD

• 1D: 0.00%
• 1M: -13.76%
• 6M: -25.28%
• YTD: -15.02%
• 1Y: -6.18%
• 3Y*: 10.05%
• 5Y*: 12.59%
• 10Y*: 25.70%

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

EXP vs. BLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EXP Eagle Materials Inc.	-0.50%	-15.85%	22.13%	53.62%	-19.55%	65.07%	11.98%	49.23%	-45.88%	15.45%
BLD TopBuild Corp.	-15.02%	34.00%	-16.81%	139.16%	-43.28%	49.89%	78.58%	129.07%	-40.59%	112.75%

Correlation

The correlation between EXP and BLD is 0.68, 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	0.68
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 1, 2015	0.57

The correlation between EXP and BLD shifts across timeframes, from 0.57 (all time) to 0.70 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap EXP : $6.34B BLD : $9.97B
EPS EXP : $13.17 BLD : $17.87
PE Ratio EXP : 15.58 BLD : 19.84
PEG Ratio EXP : 1.50 BLD : 0.96
PS Ratio EXP : 2.86 BLD : 1.78
PB Ratio EXP : 4.38 BLD : 4.15
Total Revenue (TTM) EXP : $2.31B BLD : $5.62B
Gross Profit (TTM) EXP : $652.54M BLD : $1.62B
EBITDA (TTM) EXP : $178.51M BLD : $933.40M

Return for Risk

EXP vs. BLD — Risk / Return Rank

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

EXP

EXP Risk / Return Rank: 33
EXP Sharpe Ratio Rank: 36
EXP Sortino Ratio Rank: 32
EXP Omega Ratio Rank: 32
EXP Calmar Ratio Rank: 36
EXP Martin Ratio Rank: 32

BLD

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

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.

EXP vs. BLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eagle Materials Inc. (EXP) and TopBuild Corp. (BLD). 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.

	EXP	BLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	0.07	-0.30
Sortino ratio: Return per unit of downside risk	-0.09	0.47	-0.57
Omega ratio: Gain probability vs. loss probability	0.99	1.06	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.27	0.08	-0.36
Martin ratio: Return relative to average drawdown	-0.67	0.20	-0.87

EXP vs. BLD - Sharpe Ratio Comparison

The current EXP Sharpe Ratio is -0.22, which is lower than the BLD Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of EXP and BLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EXP vs. BLD - Drawdown Comparison

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

Drawdown Indicators

	EXP	BLD	Difference
Max Drawdown Largest peak-to-trough decline	-79.52%	-52.26%	-27.26%
Max Drawdown (1Y) Largest decline over 1 year	-28.31%	-39.12%	+10.81%
Max Drawdown (3Y) Largest decline over 3 years	-44.73%	-42.41%	-2.32%
Max Drawdown (5Y) Largest decline over 5 years	-44.73%	-49.39%	+4.66%
Max Drawdown (10Y) Largest decline over 10 years	-63.78%	-52.26%	-11.52%
Current Drawdown Current decline from peak	-34.41%	-35.65%	+1.24%
Average Drawdown Average peak-to-trough decline	-24.02%	-15.15%	-8.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.52%	16.78%	-5.26%

Volatility

EXP vs. BLD - Volatility Comparison

The current volatility for Eagle Materials Inc. (EXP) is 11.55%, while TopBuild Corp. (BLD) has a volatility of 19.32%. This indicates that EXP experiences smaller price fluctuations and is considered to be less risky than BLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXP	BLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.55%	19.32%	-7.77%
Volatility (6M) Calculated over the trailing 6-month period	25.98%	38.01%	-12.03%
Volatility (1Y) Calculated over the trailing 1-year period	34.83%	46.19%	-11.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.91%	42.04%	-9.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.04%	43.05%	-7.01%

Dividends

EXP vs. BLD - Dividend Comparison

EXP's dividend yield for the trailing twelve months is around 0.49%, while BLD has not paid dividends to shareholders.

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.	0.49%	0.48%	0.41%	0.49%	0.75%	0.45%	0.10%	0.44%	0.66%	0.35%	0.41%	0.66%

Financials

EXP vs. BLD - Profitability Comparison

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

EXP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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 - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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 - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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 - Operating Margin

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

EXP - Net Margin

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

BLD - Net Margin

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

Frequently Asked Questions

Can I hold both EXP and BLD in my portfolio?

EXP and BLD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EXP or BLD?

BLD has higher volatility (19.32%) compared to EXP (11.55%). In terms of maximum drawdown, EXP dropped -79.52% vs BLD's -52.26%.

Which has better risk-adjusted returns?

BLD currently has the higher Sharpe Ratio (0.07 vs -0.22), 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.