Filing Flows › Builders FirstSource (BLDR) › Q2 2025
Builders FirstSource (BLDR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Builders FirstSource (BLDR) reported revenue of $4.2B for the second quarter 2025 (Q2 2025), -5% from a year earlier and +16% from the quarter before. Operating margin was 7.4%, net earnings $185M (4.4% of revenue).
Builders FirstSource, Q2 2025: revenue $4.2B (-5% year over year), operating margin 7.4%, net earnings $185M, operating cash flow $341M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2B | +16% | -5% |
| Gross profit | $1.3B | +16% | -11% |
| Operating profit | $311M | +69% | -36% |
| Net earnings | $185M | +92% | -46% |
| Operating cash flow | $341M | +158% | -25% |
| Free cash flow | $252M | +680% | -31% |
What changed
Revenue was $4.2B in Q2 2025, down 5% year over year and up 16% from the previous quarter. Lumber and Lumber Sheet Goods was the largest line at 27% of revenue. Manufactured Products lost $0.10B year over year (down 10%), 46% of the total change.
Gross margin was 30.7%, down 2.1 points from a year earlier. Operating profit was $0.31B, a 7.4% margin (down 3.6 points year over year). Operating expenses grew 1% against a revenue fall of 5%. Net earnings were $0.19B, down 46% year over year. The effective tax rate was 22.7%.
Operating cash flow was $0.34B (down 25% year over year), 184% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.09B left free cash flow of $0.25B.
Questions
What was Builders FirstSource's revenue in the second quarter 2025?
Builders FirstSource (BLDR) reported revenue of $4.2B for the second quarter 2025 (Q2 2025), -5% from a year earlier and +16% from the quarter before.
Was Builders FirstSource profitable in the second quarter 2025?
Operating profit was $311M (7.4% of revenue) and net earnings $185M.