Here are the 10-K annual reports from Builders FirstSource, Inc. (BLDR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BLDR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BLDR filings page.
Builders FirstSource is a leading U.S. supplier of building materials and services to professional homebuilders and remodelers, operating about 585 locations in 43 states under a single reportable segment. It focuses on manufactured components, windows/doors/millwork, specialty products and services, and lumber and sheet goods.
The company serves a broad customer base, with its top 10 customers representing 14% of 2025 net sales and the largest 4%. Strategy centers on growing higher‑margin value‑added products, investing in digital solutions, pursuing acquisitions (over 80 since 1998), and returning capital, including about $8.0 billion of share repurchases since January 2021.
Key risks include exposure to cyclical U.S. housing and repair markets, competition from national and local dealers and big-box retailers, volatility in lumber (26% of 2025 net sales), supply chain and IT/cybersecurity challenges, and a leveraged balance sheet with $4.5 billion of debt and $0.7 billion of operating lease obligations.