20-quarter listed-company comparison

Building Products & Equipment Stocks

Building Products & Equipment: Johnson Controls International plc owns the largest revenue base; AAON, Inc. has the fastest current growth.

The industry itself · before any single company

How has Building Products & Equipment moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 24% behind S&P 500. Earnings across its companies fell 20% on average over the last four reported quarters.

FADING · −2 in 4w~Price down, no fundamental support9 of 27 companies ahead of S&P 500 by 5% or more over three months

RS ↑1w · 16/27 >200d (−1) · 9/27 lead (−2) · EPS 10/27↑

Building Products & Equipment, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

Strength anatomy MixedHow much of the industry is participating, how recently, and whether the movers score well.

Together9 of 27 stocks moving

Fresh1 crossed in the last 4 weeks

Backed by scoresmovers score +3 vs the industry average

Down the cap ladder — bar is now, tick is four weeks ago

Large 1/6−2

Mid 4/90

Small 4/120

Participation is spreading downward — the mid and small companies added more this month than the large ones did.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 27 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Building Products & Equipment outperforming S&P 500?

Building Products & Equipment has underperformed S&P 500 by 17.9% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 0.1%. 8 of 28 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Masco Corporation is the strongest against the sector itself at +16.2%.

-0.1%Sector vs S&P 500 · 13 weeks

-17.9%Sector vs S&P 500 · 52 weeks

8/28Stocks leading S&P 500

11/28Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Building Products & Equipment has underperformed S&P 500 by 17.9% over 52 weeks and 0.1% over 13 weeks. 8 of 28 covered companies beat the S&P 500 on Mansfield relative strength, while 11 of 28 beat the sector itself. Johnson Controls International plc leads with revenue of $24,433 million, based on 26 of 29 comparable companies through Mar 2026.

Is the Building Products & Equipment sector outperforming S&P 500?

Which Building Products & Equipment company is largest by revenue?

Johnson Controls International plc leads with revenue of $24,433 million, based on 26 of 29 comparable companies through Mar 2026.

Which Building Products & Equipment company is growing fastest?

AAON, Inc. has the fastest current revenue growth at 28.2%, across 26 of 29 comparable companies.

Which Building Products & Equipment company has the strongest 4-Factor Sector Score?

Masco Corporation ranks first at 64.9/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Building Products & Equipment company reports the most CAPEX?

Owens Corning reports the largest latest CAPEX at $233 million, with 29 of 29 companies comparable.

Which Building Products & Equipment company has the least gross debt?

AirJoule Technologies Corporation has the lowest comparable gross debt at $0 million. Carrier Global Corporation has the highest at $12,573 million.

Which Building Products & Equipment company has the lowest comparable PEG?

Builders FirstSource, Inc. has the lowest comparable Guarded PEG at 0.14, among 20 of 29 companies that pass the metric’s comparability rules.

How much history does this Building Products & Equipment comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies

complete canonical membership

Combined market value

$392.7B

Trane Technologies plc

Revenue growing

15/26

positive TTM year-on-year growth

Beating S&P 500

8/28

positive Mansfield relative strength

Global company selection

00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Masco Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.

Fortune Brands Innovations, Inc. looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

Griffon Corporation has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Masco Corporation · MAS

64.9/100 · Mixed-positive evidence · 82% evidence

Exact sum: 20.8 + 13 + 12 + 19.1 = 64.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

20.8/35Growth & earnings

Revenue -0.3% · PAT 5.2% · OPM change 0.6 pp

83% evidence

13.0/25Capital efficiency

ROCE 8.9% · debt/equity 122.3×

80% evidence

12.0/20Valuation

P/E 15× · PEG 1.48

65% evidence

19.1/20Relative strength

RS sector 16.2% · RS bench 9.5% · 1Y 18.6%

100% evidence

2. Apogee Enterprises, Inc. · APOG

62.8/100 · Mixed-positive evidence · 72% evidence

Exact sum: 21.6 + 11.2 + 16 + 14 = 62.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.6/35Growth & earnings

Revenue 1.8% · PAT 37.3% · OPM change 3.5 pp

71% evidence

11.2/25Capital efficiency

ROCE 2.1% · debt/equity 0.56×

80% evidence

16.0/20Valuation

P/E 12× · PEG 0.33

65% evidence

14.0/20Relative strength

RS sector 6.7% · RS bench 0.3% · 1Y 3.6%

70% evidence

3. Johnson Controls International plc · JCI

57.7/100 · Mixed-positive evidence · 82% evidence

Exact sum: 16.7 + 13.5 + 14.8 + 12.7 = 57.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

16.7/35Growth & earnings

Revenue 5.1% · PAT -7.6% · OPM change -2.1 pp

83% evidence

13.5/25Capital efficiency

ROCE 2.8% · debt/equity 0.7×

80% evidence

14.8/20Valuation

P/E 23.4× · PEG 0.48

65% evidence

12.7/20Relative strength

RS sector 9.4% · RS bench 4% · 1Y 31.7%

100% evidence

4. Trex Company, Inc. · TREX

56.9/100 · Mixed-positive evidence · 82% evidence

Exact sum: 17.7 + 17.7 + 8.9 + 12.6 = 56.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

17.7/35Growth & earnings

Revenue 5.3% · PAT -3.5% · OPM change 0.3 pp

83% evidence

17.7/25Capital efficiency

ROCE 7.6% · debt/equity 0.42×

80% evidence

8.9/20Valuation

P/E 20.3× · PEG 1.98

65% evidence

12.6/20Relative strength

RS sector -0.4% · RS bench -7.2% · 1Y -30.6%

100% evidence

5. Armstrong World Industries, Inc. · AWI

54.5/100 · Mixed-positive evidence · 82% evidence

Exact sum: 19 + 16.2 + 9.6 + 9.7 = 54.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.0/35Growth & earnings

Revenue 9.7% · PAT 12% · OPM change -2.7 pp

83% evidence

16.2/25Capital efficiency

ROCE 5.6% · debt/equity 0.64×

80% evidence

9.6/20Valuation

P/E 23.4× · PEG 1.83

65% evidence

9.7/20Relative strength

RS sector -2.2% · RS bench -8.1% · 1Y -5.2%

100% evidence

6. Arlo Technologies, Inc. · ARLO

53.0/100 · Thin evidence · provisional · 59% evidence

Exact sum: 23.4 + 13.3 + 9.3 + 7 = 53

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

23.4/35Growth & earnings

Revenue 10.7% · PAT — · OPM change 6.2 pp

62% evidence

13.3/25Capital efficiency

ROCE 5% · debt/equity 0.04×

80% evidence

9.3/20Valuation

P/E 47.8× · PEG —

15% evidence

7.0/20Relative strength

RS sector -3.6% · RS bench -9.6% · 1Y -9.7%

70% evidence

7. SPX Technologies, Inc. · SPXC

52.8/100 · Mixed-positive evidence · 82% evidence

Exact sum: 26.3 + 15 + 7 + 4.5 = 52.8

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -3.7% and the one-year return is 4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

26.3/35Growth & earnings

Revenue 17.3% · PAT 25.9% · OPM change 1.7 pp

83% evidence

15.0/25Capital efficiency

ROCE 2.9% · debt/equity 0.29×

80% evidence

7.0/20Valuation

P/E 39.1× · PEG 2.08

65% evidence

4.5/20Relative strength

RS sector -3.7% · RS bench -8.8% · 1Y 4%

100% evidence

8. Griffon Corporation · GFF

52.6/100 · Mixed-positive evidence · 82% evidence

Exact sum: 13.8 + 11.1 + 12.7 + 15 = 52.6

Decision use: Price leads the evidence: RS versus the benchmark is 7.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

13.8/35Growth & earnings

Revenue -0.8% · PAT -71.7% · OPM change -0.6 pp

83% evidence

11.1/25Capital efficiency

ROCE 4.8% · debt/equity 15.69×

80% evidence

12.7/20Valuation

P/E 559.1× · PEG 0.54

65% evidence

15.0/20Relative strength

RS sector 13.7% · RS bench 7.5% · 1Y 15.7%

100% evidence

9. Lennox International Inc. · LII

51.3/100 · Mixed-positive evidence · 82% evidence

Exact sum: 13.3 + 13.2 + 11 + 13.8 = 51.3

Decision use: Price leads the evidence: RS versus the benchmark is -2.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

13.3/35Growth & earnings

Revenue -2% · PAT -1.7% · OPM change -1.3 pp

83% evidence

13.2/25Capital efficiency

ROCE 6.3% · debt/equity 1.61×

80% evidence

11.0/20Valuation

P/E 20.9× · PEG 1.54

65% evidence

13.8/20Relative strength

RS sector 3.3% · RS bench -2.8% · 1Y -10.2%

100% evidence

10. Trane Technologies plc · TT

50.5/100 · Mixed-positive evidence · 82% evidence

Exact sum: 17.6 + 15.8 + 4.9 + 12.2 = 50.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

17.6/35Growth & earnings

Revenue 6.4% · PAT 6% · OPM change -1.9 pp

83% evidence

15.8/25Capital efficiency

ROCE 5.3% · debt/equity 0.54×

80% evidence

4.9/20Valuation

P/E 32.2× · PEG 4.26

65% evidence

12.2/20Relative strength

RS sector 6.4% · RS bench 0.6% · 1Y 7%

100% evidence

11. Fortune Brands Innovations, Inc. · FBIN

50.4/100 · Mixed-positive evidence · 82% evidence

Exact sum: 12 + 9.9 + 13.9 + 14.6 = 50.4

Decision use: Price leads the evidence: RS versus the benchmark is -4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

12.0/35Growth & earnings

Revenue -2% · PAT -36.5% · OPM change -3.4 pp

83% evidence

9.9/25Capital efficiency

ROCE 1.1% · debt/equity 1.26×

80% evidence

13.9/20Valuation

P/E 17× · PEG 0.93

65% evidence

14.6/20Relative strength

RS sector 2.5% · RS bench -4% · 1Y -8.5%

100% evidence

12. NPK International Inc. · NPKI

49.6/100 · Mixed-negative evidence · 76% evidence

Exact sum: 18.5 + 15.2 + 8.4 + 7.5 = 49.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.5/35Growth & earnings

Revenue 22.6% · PAT -14.3% · OPM change -1.7 pp

83% evidence

15.2/25Capital efficiency

ROCE 3.9% · debt/equity 0.06×

80% evidence

8.4/20Valuation

P/E 31.5× · PEG 1.97

65% evidence

7.5/20Relative strength

RS sector -3.5% · RS bench -8.2% · 1Y 48.6%

70% evidence

13. AirJoule Technologies Corporation · AIRJ

48.5/100 · Thin evidence · provisional · 54% evidence

Exact sum: 12.3 + 10.3 + 11.5 + 14.4 = 48.5

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

12.3/35Growth & earnings

Revenue — · PAT -249% · OPM change —

57% evidence

10.3/25Capital efficiency

ROCE -1.1% · debt/equity 0×

68% evidence

11.5/20Valuation

P/E 8.7× · PEG —

15% evidence

14.4/20Relative strength

RS sector 7.2% · RS bench 0.5% · 1Y 8.8%

70% evidence

14. Carlisle Companies Incorporated · CSL

47.3/100 · Mixed-negative evidence · 82% evidence

Exact sum: 16.4 + 11.7 + 10.6 + 8.6 = 47.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

16.4/35Growth & earnings

Revenue -0.5% · PAT -12.3% · OPM change 0.3 pp

83% evidence

11.7/25Capital efficiency

ROCE 3.5% · debt/equity 1.75×

80% evidence

10.6/20Valuation

P/E 19.6× · PEG 1.66

65% evidence

8.6/20Relative strength

RS sector -1.7% · RS bench -7.4% · 1Y -1.4%

100% evidence

15. AAON, Inc. · AAON

45.0/100 · Mixed-negative evidence · 82% evidence

Exact sum: 21.9 + 15.1 + 4.5 + 3.5 = 45

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.9/35Growth & earnings

Revenue 28.2% · PAT -25.8% · OPM change 0.6 pp

83% evidence

15.1/25Capital efficiency

ROCE 4.5% · debt/equity 0.46×

80% evidence

4.5/20Valuation

P/E 57.9× · PEG 4.21

65% evidence

3.5/20Relative strength

RS sector -6% · RS bench -10.8% · 1Y 14.8%

100% evidence

16. Owens Corning · OC

44.4/100 · Mixed-negative evidence · 65% evidence

Exact sum: 8.9 + 7 + 9.6 + 18.9 = 44.4

Decision use: Price leads the evidence: RS versus the benchmark is 5.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

8.9/35Growth & earnings

Revenue -5.1% · PAT -308.2% · OPM change -10.8 pp

62% evidence

7.0/25Capital efficiency

ROCE 1.1% · debt/equity 1.64×

80% evidence

9.6/20Valuation

P/E 35.7× · PEG —

15% evidence

18.9/20Relative strength

RS sector 12.3% · RS bench 5.3% · 1Y 4.8%

100% evidence

17. Quanex Building Products Corporation · NX

44.0/100 · Mixed-negative evidence · 70% evidence

Exact sum: 10.2 + 7.7 + 10.2 + 15.9 = 44

Decision use: Price leads the evidence: RS versus the benchmark is 4.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

10.2/35Growth & earnings

Revenue 14.3% · PAT -8166.7% · OPM change -5 pp

95% evidence

7.7/25Capital efficiency

ROCE 1% · debt/equity 1.22×

80% evidence

10.2/20Valuation

P/E 27.9× · PEG —

15% evidence

15.9/20Relative strength

RS sector 10.8% · RS bench 4.4% · 1Y -0.6%

70% evidence

18. Carrier Global Corporation · CARR

43.7/100 · Mixed-negative evidence · 82% evidence

Exact sum: 11.9 + 8.9 + 13.4 + 9.5 = 43.7

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

11.9/35Growth & earnings

Revenue -1.9% · PAT -4.5% · OPM change -7.3 pp

83% evidence

8.9/25Capital efficiency

ROCE 0.9% · debt/equity 0.91×

80% evidence

13.4/20Valuation

P/E 37× · PEG 0.66

65% evidence

9.5/20Relative strength

RS sector 1.7% · RS bench -4% · 1Y -5.6%

100% evidence

19. Perma-Pipe International Holdings, Inc. · PPIH

40.9/100 · Mixed-negative evidence · 80% evidence

Exact sum: 14.8 + 12.7 + 8.9 + 4.5 = 40.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

14.8/35Growth & earnings

Revenue 24.4% · PAT 5.9% · OPM change -7.7 pp

95% evidence

12.7/25Capital efficiency

ROCE 3.4% · debt/equity 0.51×

80% evidence

8.9/20Valuation

P/E 19.3× · PEG 2

65% evidence

4.5/20Relative strength

RS sector -13.6% · RS bench -18.2% · 1Y 20.4%

70% evidence

20. Aspen Aerogels, Inc. · ASPN

40.0/100 · Thin evidence · provisional · 59% evidence

Exact sum: 20 + 6.2 + 8.8 + 5 = 40

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

20.0/35Growth & earnings

Revenue -47.4% · PAT — · OPM change 325.2 pp

62% evidence

6.2/25Capital efficiency

ROCE -5.2% · debt/equity 0.61×

80% evidence

8.8/20Valuation

P/E 69.9× · PEG —

15% evidence

5.0/20Relative strength

RS sector -10.5% · RS bench -17% · 1Y -42.2%

70% evidence

21. Janus International Group, Inc. · JBI

39.6/100 · Thin evidence · provisional · 59% evidence

Exact sum: 13 + 9.4 + 11.2 + 6 = 39.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

13.0/35Growth & earnings

Revenue — · PAT — · OPM change -9.9 pp

45% evidence

9.4/25Capital efficiency

ROCE 1.1% · debt/equity 0.98×

80% evidence

11.2/20Valuation

P/E 15.9× · PEG —

15% evidence

6.0/20Relative strength

RS sector -22.9% · RS bench -28.7% · 1Y -37.2%

100% evidence

22. Limbach Holdings, Inc. · LMB

39.1/100 · Mixed-negative evidence · 82% evidence

Exact sum: 14.8 + 10.6 + 12.7 + 1 = 39.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

14.8/35Growth & earnings

Revenue 22.5% · PAT 0% · OPM change -5.1 pp

83% evidence

10.6/25Capital efficiency

ROCE 0.5% · debt/equity 0.39×

80% evidence

12.7/20Valuation

P/E 28.4× · PEG 0.94

65% evidence

1.0/20Relative strength

RS sector -16.2% · RS bench -21.6% · 1Y -45.7%

100% evidence

23. Louisiana-Pacific Corporation · LPX

38.6/100 · Mixed-negative evidence · 82% evidence

Exact sum: 5.4 + 12.2 + 13.7 + 7.3 = 38.6

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

5.4/35Growth & earnings

Revenue -13% · PAT -79% · OPM change -10.7 pp

83% evidence

12.2/25Capital efficiency

ROCE 1.5% · debt/equity 0.21×

80% evidence

13.7/20Valuation

P/E 62.2× · PEG 0.28

65% evidence

7.3/20Relative strength

RS sector -8.2% · RS bench -13.9% · 1Y -15.4%

100% evidence

24. Gibraltar Industries, Inc. · ROCK

35.9/100 · Mixed-negative evidence · 76% evidence

Exact sum: 11.7 + 6.8 + 11.7 + 5.7 = 35.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

11.7/35Growth & earnings

Revenue 21.1% · PAT -54.1% · OPM change -12.9 pp

83% evidence

6.8/25Capital efficiency

ROCE -0.3% · debt/equity 1.56×

80% evidence

11.7/20Valuation

P/E 314× · PEG 0.92

65% evidence

5.7/20Relative strength

RS sector -7.6% · RS bench -13.8% · 1Y -27.3%

70% evidence

25. Builders FirstSource, Inc. · BLDR

35.7/100 · Mixed-negative evidence · 82% evidence

Exact sum: 9.3 + 7.4 + 14.8 + 4.2 = 35.7

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

9.3/35Growth & earnings

Revenue -8.3% · PAT -68.1% · OPM change -4.5 pp

83% evidence

7.4/25Capital efficiency

ROCE 0.2% · debt/equity 1.32×

80% evidence

14.8/20Valuation

P/E 31.5× · PEG 0.14

65% evidence

4.2/20Relative strength

RS sector -29.1% · RS bench -34% · 1Y -43.4%

100% evidence

26. Latham Group, Inc. · SWIM

35.6/100 · Mixed-negative evidence · 65% evidence

Exact sum: 16.7 + 6.5 + 8.7 + 3.7 = 35.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

16.7/35Growth & earnings

Revenue 8.7% · PAT — · OPM change -1.2 pp

62% evidence

6.5/25Capital efficiency

ROCE -0.9% · debt/equity 0.86×

80% evidence

8.7/20Valuation

P/E 75.6× · PEG —

15% evidence

3.7/20Relative strength

RS sector -13% · RS bench -18.5% · 1Y -14.7%

100% evidence

27. JELD-WEN Holding, Inc. · JELD

35.2/100 · Thin evidence · provisional · 59% evidence

Exact sum: 19.9 + 3.1 + 9.2 + 3 = 35.2

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

19.9/35Growth & earnings

Revenue -12.1% · PAT — · OPM change 16.2 pp

62% evidence

3.1/25Capital efficiency

ROCE -3.3% · debt/equity 114.17×

80% evidence

9.2/20Valuation

P/E 57.4× · PEG —

15% evidence

3.0/20Relative strength

RS sector -58.7% · RS bench -62.8% · 1Y -77.3%

70% evidence

28. Advanced Drainage Systems, Inc. · WMS

34.4/100 · Adverse evidence · 82% evidence

Exact sum: 11.4 + 11.5 + 5.3 + 6.2 = 34.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

11.4/35Growth & earnings

Revenue 5% · PAT -5.4% · OPM change -11.1 pp

83% evidence

11.5/25Capital efficiency

ROCE 1.5% · debt/equity 0.91×

80% evidence

5.3/20Valuation

P/E 25.2× · PEG 4.38

65% evidence

6.2/20Relative strength

RS sector -2.5% · RS bench -7.9% · 1Y 27.5%

100% evidence

29. Madison Air Solutions Corporation · MAIR

49.3/100 · Thin evidence · provisional · 25% evidence

Exact sum: 17.7 + 11.6 + 10 + 10 = 49.3

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.7/35Growth & earnings

Revenue — · PAT — · OPM change -1.4 pp

13% evidence

11.6/25Capital efficiency

ROCE 4% · debt/equity 5.47×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y —

0% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Johnson Controls International plc has the highest Revenue among the 29 Building Products & Equipment companies compared here, at $24,433 million. Carrier Global Corporation is next at $21,870 million. AAON, Inc. has the highest Revenue growth at 28.2%, so level and change sit with different companies. 26 of 29 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Johnson Controls International plc is the scale leader at $24,433 million, 11.7% ahead of Carrier Global Corporation. AAON, Inc.'s growth is 28.2% from a $1,617 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderJohnson Controls International plc · $24,433 million

Gap11.7% versus #2 · Carrier Global Corporation

Persistence7/8 recent comparable periods

Coverage26/29 companies · 507 observations

Investor read: Johnson Controls International plc is the scale benchmark; AAON, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Johnson Controls International plc's growth falls below AAON, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1Johnson Controls International plc JCI$24.4B

2Carrier Global Corporation CARR$21.9B

3Trane Technologies plc TT$21.6B

4Builders FirstSource, Inc. BLDR$14.8B

5Owens Corning OC$9.8B

Revenue growthfastest growers

1AAON, Inc. AAON28%

2Perma-Pipe International Holdings, Inc. PPIH24%

3NPK International Inc. NPKI23%

4Limbach Holdings, Inc. LMB23%

5Gibraltar Industries, Inc. ROCK21%

Revenue · company comparison

26/29 level · 26/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Johnson Controls International plc JCI	$6.1B	8.2%	Mar 2026
Carrier Global Corporation CARR	$5.3B	2.4%	Mar 2026
Trane Technologies plc TT	$5.0B	6.0%	Mar 2026
Builders FirstSource, Inc. BLDR	$3.3B	-10%	Mar 2026
Owens Corning OC	$2.3B	-10%	Mar 2026
Masco Corporation MAS	$1.9B	6.5%	Mar 2026
Lennox International Inc. LII	$1.1B	5.8%	Mar 2026
Carlisle Companies Incorporated CSL	$1.1B	-4.0%	Mar 2026
Fortune Brands Innovations, Inc. FBIN	$1.0B	-2.1%	Mar 2026
Madison Air Solutions Corporation MAIR	$924M	34%	Mar 2026
JELD-WEN Holding, Inc. JELD	$722M	-7.0%	Mar 2026
Advanced Drainage Systems, Inc. WMS	$677M	9.9%	Mar 2026
Louisiana-Pacific Corporation LPX	$574M	-21%	Mar 2026
SPX Technologies, Inc. SPXC	$567M	17%	Mar 2026
AAON, Inc. AAON	$497M	54%	Mar 2026
Quanex Building Products Corporation NX	$462M	2.2%	Jun 2026
Griffon Corporation GFF	$422M	-1.2%	Mar 2026
Armstrong World Industries, Inc. AWI	$410M	7.1%	Mar 2026
Gibraltar Industries, Inc. ROCK	$356M	45%	Mar 2026
Trex Company, Inc. TREX	$343M	0.9%	Mar 2026
Apogee Enterprises, Inc. APOG	$343M	-1.2%	Jun 2026
Janus International Group, Inc. JBI	$223M	-2.2%	Jun 2026
Arlo Technologies, Inc. ARLO	$150M	26%	Mar 2026
Limbach Holdings, Inc. LMB	$139M	4.5%	Mar 2026
Latham Group, Inc. SWIM	$117M	5.4%	Mar 2026
NPK International Inc. NPKI	$75M	15%	Mar 2026
Perma-Pipe International Holdings, Inc. PPIH	$50M	6.4%	Jun 2026
Aspen Aerogels, Inc. ASPN	$38M	-52%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 2021$139M

Dec 2021$136M

Mar 2022$183M

Jun 2022$209M

Sep 2022$243M

Dec 2022$255M

Mar 2023$266M

Jun 2023$284M

Sep 2023$312M

Dec 2023$307M

Mar 2024$262M

Jun 2024$314M

Sep 2024$327M

Dec 2024$298M

Mar 2025$322M

Jun 2025$312M

Sep 2025$384M

Dec 2025$424M

Mar 2026$497M

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 2021$706M

Dec 2021$715M

Mar 2022$678M

Jun 2022$914M

Sep 2022$884M

Dec 2022$655M

Mar 2023$618M

Jun 2023$778M

Sep 2023$780M

Dec 2023$662M

Mar 2024$654M

Jun 2024$815M

Sep 2024$783M

Dec 2024$691M

Mar 2025$616M

Jun 2025$830M

Sep 2025$850M

Dec 2025$693M

Mar 2026$677M

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 2021$5.5B

Dec 2021$4.6B

Mar 2022$5.7B

Jun 2022$6.9B

Sep 2022$5.8B

Dec 2022$4.4B

Mar 2023$3.9B

Jun 2023$4.5B

Sep 2023$4.5B

Dec 2023$4.2B

Mar 2024$3.9B

Jun 2024$4.5B

Sep 2024$4.2B

Dec 2024$3.8B

Mar 2025$3.7B

Jun 2025$4.2B

Sep 2025$3.9B

Dec 2025$3.4B

Mar 2026$3.3B

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 2021$1.3B

Dec 2021$1.4B

Mar 2022$1.5B

Jun 2022$1.8B

Sep 2022$1.5B

Dec 2022$1.2B

Mar 2023$893M

Jun 2023$1.3B

Sep 2023$1.3B

Dec 2023$1.1B

Mar 2024$1.1B

Jun 2024$1.5B

Sep 2024$1.3B

Dec 2024$1.1B

Mar 2025$1.1B

Jun 2025$1.5B

Sep 2025$1.3B

Dec 2025$1.1B

Mar 2026$1.1B

Jun 2026—

Carrier Global Corporation · CARR

Sep 2021$5.3B

Dec 2021$5.1B

Mar 2022$4.7B

Jun 2022$5.2B

Sep 2022$5.5B

Dec 2022$5.1B

Mar 2023$5.3B

Jun 2023$6.0B

Sep 2023$4.9B

Dec 2023$4.3B

Mar 2024$5.4B

Jun 2024$5.9B

Sep 2024$6.0B

Dec 2024$5.1B

Mar 2025$5.2B

Jun 2025$6.1B

Sep 2025$5.6B

Dec 2025$4.8B

Mar 2026$5.3B

Jun 2026—

Johnson Controls International plc · JCI

Sep 2021$6.4B

Dec 2021$5.9B

Mar 2022$6.1B

Jun 2022$6.6B

Sep 2022$6.7B

Dec 2022$6.1B

Mar 2023$6.7B

Jun 2023$7.1B

Sep 2023$5.9B

Dec 2023$5.2B

Mar 2024$5.6B

Jun 2024$5.9B

Sep 2024$6.2B

Dec 2024$5.4B

Mar 2025$5.7B

Jun 2025$6.1B

Sep 2025$6.4B

Dec 2025$5.8B

Mar 2026$6.1B

Jun 2026—

Lennox International Inc. · LII

Sep 2021$1.1B

Dec 2021$965M

Mar 2022$1.0B

Jun 2022$1.4B

Sep 2022$1.2B

Dec 2022$1.1B

Mar 2023$1.0B

Jun 2023$1.4B

Sep 2023$1.4B

Dec 2023$1.2B

Mar 2024$1.0B

Jun 2024$1.5B

Sep 2024$1.5B

Dec 2024$1.3B

Mar 2025$1.1B

Jun 2025$1.5B

Sep 2025$1.4B

Dec 2025$1.2B

Mar 2026$1.1B

Jun 2026—

Madison Air Solutions Corporation · MAIR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025$690M

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026$924M

Jun 2026—

Masco Corporation · MAS

Sep 2021$2.2B

Dec 2021$2.0B

Mar 2022$2.2B

Jun 2022$2.4B

Sep 2022$2.2B

Dec 2022$1.9B

Mar 2023$2.0B

Jun 2023$2.1B

Sep 2023$2.0B

Dec 2023$1.9B

Mar 2024$1.9B

Jun 2024$2.1B

Sep 2024$2.0B

Dec 2024$1.8B

Mar 2025$1.8B

Jun 2025$2.1B

Sep 2025$1.9B

Dec 2025$1.8B

Mar 2026$1.9B

Jun 2026—

Owens Corning · OC

Sep 2021$2.2B

Dec 2021$2.1B

Mar 2022$2.3B

Jun 2022$2.6B

Sep 2022$2.5B

Dec 2022$2.3B

Mar 2023$2.3B

Jun 2023$2.6B

Sep 2023$2.5B

Dec 2023$2.3B

Mar 2024$2.0B

Jun 2024$2.5B

Sep 2024$2.8B

Dec 2024$2.6B

Mar 2025$2.5B

Jun 2025$2.7B

Sep 2025$2.7B

Dec 2025$2.1B

Mar 2026$2.3B

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 2021$297M

Dec 2021$286M

Mar 2022—

Jun 2022$307M

Sep 2022$354M

Dec 2022$371M

Mar 2023—

Jun 2023$400M

Sep 2023$423M

Dec 2023$469M

Mar 2024$465M

Jun 2024$501M

Sep 2024$484M

Dec 2024$534M

Mar 2025$483M

Jun 2025$552M

Sep 2025$593M

Dec 2025$637M

Mar 2026$567M

Jun 2026—

Trane Technologies plc · TT

Sep 2021$3.7B

Dec 2021$3.6B

Mar 2022$3.4B

Jun 2022$4.2B

Sep 2022$4.4B

Dec 2022$4.1B

Mar 2023$3.7B

Jun 2023$4.7B

Sep 2023$4.9B

Dec 2023$4.4B

Mar 2024$4.2B

Jun 2024$5.3B

Sep 2024$5.4B

Dec 2024$4.9B

Mar 2025$4.7B

Jun 2025$5.7B

Sep 2025$5.7B

Dec 2025$5.1B

Mar 2026$5.0B

Jun 2026—

Revenue growth · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202245%

Sep 202275%

Dec 202288%

Mar 202345%

Jun 202336%

Sep 202328%

Dec 202320%

Mar 2024-1.5%

Jun 202411%

Sep 20244.8%

Dec 2024-2.9%

Mar 202523%

Jun 2025-0.6%

Sep 202517%

Dec 202542%

Mar 202654%

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202237%

Sep 202225%

Dec 2022-8.4%

Mar 2023-8.9%

Jun 2023-15%

Sep 2023-12%

Dec 20231.1%

Mar 20245.8%

Jun 20244.8%

Sep 20240.4%

Dec 20244.4%

Mar 2025-5.8%

Jun 20251.8%

Sep 20258.6%

Dec 20250.3%

Mar 20269.9%

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202224%

Sep 20224.6%

Dec 2022-6.0%

Mar 2023-32%

Jun 2023-35%

Sep 2023-21%

Dec 2023-4.8%

Mar 20240.2%

Jun 2024-1.6%

Sep 2024-6.7%

Dec 2024-8.0%

Mar 2025-6.0%

Jun 2025-5.0%

Sep 2025-6.9%

Dec 2025-12%

Mar 2026-10%

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202251%

Sep 202214%

Dec 2022-16%

Mar 2023-40%

Jun 2023-26%

Sep 2023-16%

Dec 2023-1.9%

Mar 202423%

Jun 202411%

Sep 20245.9%

Dec 2024-0.4%

Mar 2025-0.1%

Jun 2025-0.1%

Sep 20251.0%

Dec 20250.5%

Mar 2026-4.0%

Jun 2026—

Carrier Global Corporation · CARR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-4.2%

Sep 20222.1%

Dec 2022-0.6%

Mar 202313%

Jun 202315%

Sep 2023-9.5%

Dec 2023-15%

Mar 20242.8%

Jun 2024-1.0%

Sep 202421%

Dec 202419%

Mar 2025-3.7%

Jun 20253.0%

Sep 2025-6.8%

Dec 2025-6.0%

Mar 20262.4%

Jun 2026—

Johnson Controls International plc · JCI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20224.3%

Sep 20225.2%

Dec 20223.5%

Mar 20239.6%

Jun 20237.9%

Sep 2023-13%

Dec 2023-14%

Mar 2024-16%

Jun 2024-17%

Sep 20246.8%

Dec 20244.2%

Mar 20251.4%

Jun 20252.6%

Sep 20253.1%

Dec 20256.8%

Mar 20268.2%

Jun 2026—

Lennox International Inc. · LII

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202210%

Sep 202217%

Dec 202213%

Mar 20233.6%

Jun 20233.3%

Sep 20239.7%

Dec 20235.6%

Mar 2024-0.2%

Jun 20242.8%

Sep 20249.7%

Dec 202416%

Mar 20252.5%

Jun 20253.5%

Sep 2025-4.7%

Dec 2025-11%

Mar 20265.8%

Jun 2026—

Madison Air Solutions Corporation · MAIR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 202634%

Jun 2026—

Masco Corporation · MAS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20227.9%

Sep 20220.0%

Dec 2022-4.9%

Mar 2023-10%

Jun 2023-9.6%

Sep 2023-10%

Dec 2023-2.1%

Mar 2024-2.7%

Jun 2024-1.7%

Sep 20240.2%

Dec 2024-2.9%

Mar 2025-6.5%

Jun 2025-1.9%

Sep 2025-3.3%

Dec 2025-1.9%

Mar 20266.5%

Jun 2026—

Owens Corning · OC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202216%

Sep 202214%

Dec 20227.2%

Mar 2023-0.6%

Jun 2023-1.5%

Sep 2023-2.0%

Dec 20230.8%

Mar 2024-13%

Jun 2024-2.6%

Sep 202411%

Dec 202412%

Mar 202525%

Jun 202510%

Sep 2025-2.9%

Dec 2025-17%

Mar 2026-10%

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202219%

Dec 202230%

Mar 2023—

Jun 202330%

Sep 202319%

Dec 202326%

Mar 2024—

Jun 202425%

Sep 202414%

Dec 202414%

Mar 20253.9%

Jun 202510%

Sep 202523%

Dec 202519%

Mar 202617%

Jun 2026—

Trane Technologies plc · TT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20229.4%

Sep 202218%

Dec 202214%

Mar 20239.2%

Jun 202312%

Sep 202312%

Dec 20238.6%

Mar 202415%

Jun 202413%

Sep 202411%

Dec 202410%

Mar 202511%

Jun 20258.3%

Sep 20255.6%

Dec 20255.6%

Mar 20266.0%

Jun 2026—

02 · compare level, then change

Operating Economics & Margin Trend

Johnson Controls International plc has the highest OPM among the 29 Building Products & Equipment companies compared here, at 60.6%. Trex Company, Inc. is next at 24.3%. Aspen Aerogels, Inc. has the highest Margin change at +325.2 percentage points, so level and change sit with different companies. 28 of 29 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Johnson Controls International plc leads opm at 60.6%; Aspen Aerogels, Inc. leads margin change at +325.2 percentage points.

LeaderJohnson Controls International plc · 60.6%

Gap149.4% versus #2 · Trex Company, Inc.

Persistence4/8 recent comparable periods

Coverage28/29 companies · 507 observations

Investor read: Johnson Controls International plc sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1Johnson Controls International plc JCI61%

2Trex Company, Inc. TREX24%

3Armstrong World Industries, Inc. AWI23%

4Griffon Corporation GFF21%

5NPK International Inc. NPKI19%

Margin changefastest expanders

1Aspen Aerogels, Inc. ASPN+325.2 pp

2JELD-WEN Holding, Inc. JELD+16.2 pp

3Arlo Technologies, Inc. ARLO+6.2 pp

4Apogee Enterprises, Inc. APOG+3.5 pp

5SPX Technologies, Inc. SPXC+1.7 pp

Operating margin · company comparison

28/29 level · 28/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	OPM	Margin change	Reported
Johnson Controls International plc JCI	61%	−2.1 pp	Mar 2026
Trex Company, Inc. TREX	24%	+0.3 pp	Mar 2026
Armstrong World Industries, Inc. AWI	23%	−2.7 pp	Mar 2026
Griffon Corporation GFF	21%	−0.6 pp	Mar 2026
NPK International Inc. NPKI	19%	−1.7 pp	Mar 2026
Carlisle Companies Incorporated CSL	17%	+0.3 pp	Mar 2026
Masco Corporation MAS	17%	+0.6 pp	Mar 2026
Madison Air Solutions Corporation MAIR	16%	−1.4 pp	Mar 2026
Trane Technologies plc TT	16%	−1.9 pp	Mar 2026
SPX Technologies, Inc. SPXC	16%	+1.7 pp	Mar 2026
Lennox International Inc. LII	14%	−1.3 pp	Mar 2026
AAON, Inc. AAON	12%	+0.6 pp	Mar 2026
Perma-Pipe International Holdings, Inc. PPIH	9.2%	−7.7 pp	Jun 2026
Advanced Drainage Systems, Inc. WMS	7.9%	−11.1 pp	Mar 2026
Fortune Brands Innovations, Inc. FBIN	6.0%	−3.4 pp	Mar 2026
Louisiana-Pacific Corporation LPX	5.9%	−10.7 pp	Mar 2026
Janus International Group, Inc. JBI	5.9%	−9.9 pp	Jun 2026
Apogee Enterprises, Inc. APOG	5.5%	+3.5 pp	Jun 2026
Owens Corning OC	5.3%	−10.8 pp	Mar 2026
Arlo Technologies, Inc. ARLO	5.0%	+6.2 pp	Mar 2026
Carrier Global Corporation CARR	4.8%	−7.3 pp	Mar 2026
Quanex Building Products Corporation NX	4.0%	−5.0 pp	Jun 2026
Limbach Holdings, Inc. LMB	0.8%	−5.1 pp	Mar 2026
Builders FirstSource, Inc. BLDR	0.5%	−4.5 pp	Mar 2026
Gibraltar Industries, Inc. ROCK	-1.3%	−12.9 pp	Mar 2026
Latham Group, Inc. SWIM	-5.6%	−1.2 pp	Mar 2026
JELD-WEN Holding, Inc. JELD	-7.6%	+16.2 pp	Mar 2026
Aspen Aerogels, Inc. ASPN	-55%	+325.2 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 202115%

Dec 20214.0%

Mar 202213%

Jun 20229.8%

Sep 202215%

Dec 202218%

Mar 202317%

Jun 202319%

Sep 202321%

Dec 202321%

Mar 202418%

Jun 202421%

Sep 202420%

Dec 20249.9%

Mar 202511%

Jun 20257.6%

Sep 202511%

Dec 202510%

Mar 202612%

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 202116%

Dec 202115%

Mar 202212%

Jun 202228%

Sep 202225%

Dec 202219%

Mar 202320%

Jun 202332%

Sep 202325%

Dec 202323%

Mar 202421%

Jun 202428%

Sep 202424%

Dec 202418%

Mar 202519%

Jun 202525%

Sep 202526%

Dec 202520%

Mar 20267.9%

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 202115%

Dec 202113%

Mar 202215%

Jun 202220%

Sep 202218%

Dec 202212%

Mar 202312%

Jun 202313%

Sep 202314%

Dec 202312%

Mar 20249.6%

Jun 202411%

Sep 202410%

Dec 20248.0%

Mar 20255.0%

Jun 20257.4%

Sep 20255.8%

Dec 20251.8%

Mar 20260.5%

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 202113%

Dec 202114%

Mar 202219%

Jun 202223%

Sep 202222%

Dec 202218%

Mar 202314%

Jun 202324%

Sep 202324%

Dec 202323%

Mar 202421%

Jun 202426%

Sep 202424%

Dec 202420%

Mar 202517%

Jun 202523%

Sep 202522%

Dec 202517%

Mar 202617%

Jun 2026—

Carrier Global Corporation · CARR

Sep 202116%

Dec 20219.0%

Mar 202237%

Jun 202216%

Sep 202228%

Dec 20228.5%

Mar 202311%

Jun 20238.2%

Sep 202310%

Dec 202313%

Mar 20247.1%

Jun 202412%

Sep 202413%

Dec 202415%

Mar 202512%

Jun 202515%

Sep 20259.7%

Dec 20252.1%

Mar 20264.8%

Jun 2026—

Johnson Controls International plc · JCI

Sep 202112%

Dec 20218.1%

Mar 20222.0%

Jun 20227.4%

Sep 20228.8%

Dec 202266%

Mar 202363%

Jun 202357%

Sep 202360%

Dec 202360%

Mar 202476%

Jun 202453%

Sep 202460%

Dec 202462%

Mar 202563%

Jun 202561%

Sep 202566%

Dec 202558%

Mar 202661%

Jun 2026—

Lennox International Inc. · LII

Sep 202115%

Dec 202110%

Mar 202211%

Jun 202217%

Sep 202215%

Dec 202212%

Mar 202313%

Jun 202320%

Sep 202314%

Dec 202316%

Mar 202416%

Jun 202422%

Sep 202420%

Dec 202419%

Mar 202516%

Jun 202524%

Sep 202522%

Dec 202519%

Mar 202614%

Jun 2026—

Madison Air Solutions Corporation · MAIR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 202518%

Jun 2025—

Sep 2025—

Dec 2025—

Mar 202616%

Jun 2026—

Masco Corporation · MAS

Sep 202118%

Dec 202111%

Mar 202216%

Jun 202217%

Sep 202216%

Dec 20229.6%

Mar 202316%

Jun 202319%

Sep 202319%

Dec 202313%

Mar 202417%

Jun 202419%

Sep 202418%

Dec 202416%

Mar 202516%

Jun 202520%

Sep 202516%

Dec 202514%

Mar 202617%

Jun 2026—

Owens Corning · OC

Sep 202118%

Dec 202115%

Mar 202219%

Jun 202219%

Sep 202224%

Dec 20228.0%

Mar 202323%

Jun 202319%

Sep 202319%

Dec 20237.9%

Mar 202419%

Jun 202417%

Sep 202417%

Dec 20248.4%

Mar 202516%

Jun 202518%

Sep 2025-12%

Dec 2025-11%

Mar 20265.3%

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 20215.8%

Dec 20216.2%

Mar 2022—

Jun 20223.7%

Sep 20227.7%

Dec 202210%

Mar 2023—

Jun 202313%

Sep 202312%

Dec 202313%

Mar 202414%

Jun 202415%

Sep 202416%

Dec 202417%

Mar 202514%

Jun 202516%

Sep 202516%

Dec 202516%

Mar 202616%

Jun 2026—

Trane Technologies plc · TT

Sep 202116%

Dec 202112%

Mar 202212%

Jun 202217%

Sep 202217%

Dec 202214%

Mar 202313%

Jun 202319%

Sep 202318%

Dec 202316%

Mar 202415%

Jun 202420%

Sep 202419%

Dec 202417%

Mar 202518%

Jun 202520%

Sep 202520%

Dec 202516%

Mar 202616%

Jun 2026—

Margin change · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−7.7 pp

Sep 2022+0.6 pp

Dec 2022+14.3 pp

Mar 2023+4.0 pp

Jun 2023+9.5 pp

Sep 2023+5.6 pp

Dec 2023+2.5 pp

Mar 2024+1.3 pp

Jun 2024+2.1 pp

Sep 2024−0.7 pp

Dec 2024−10.9 pp

Mar 2025−7.0 pp

Jun 2025−13.8 pp

Sep 2025−8.7 pp

Dec 2025+0.5 pp

Mar 2026+0.6 pp

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+11.2 pp

Sep 2022+8.8 pp

Dec 2022+3.6 pp

Mar 2023+8.4 pp

Jun 2023+4.0 pp

Sep 2023+0.8 pp

Dec 2023+4.1 pp

Mar 2024+0.4 pp

Jun 2024−3.8 pp

Sep 2024−1.5 pp

Dec 2024−4.7 pp

Mar 2025−1.7 pp

Jun 2025−2.9 pp

Sep 2025+2.4 pp

Dec 2025+1.3 pp

Mar 2026−11.1 pp

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+7.5 pp

Sep 2022+2.4 pp

Dec 2022−1.3 pp

Mar 2023−3.2 pp

Jun 2023−7.0 pp

Sep 2023−3.4 pp

Dec 2023−0.3 pp

Mar 2024−2.4 pp

Jun 2024−1.7 pp

Sep 2024−4.1 pp

Dec 2024−3.8 pp

Mar 2025−4.6 pp

Jun 2025−3.6 pp

Sep 2025−4.3 pp

Dec 2025−6.2 pp

Mar 2026−4.5 pp

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+11.3 pp

Sep 2022+8.9 pp

Dec 2022+4.5 pp

Mar 2023−5.0 pp

Jun 2023+0.9 pp

Sep 2023+2.2 pp

Dec 2023+4.3 pp

Mar 2024+7.0 pp

Jun 2024+2.4 pp

Sep 2024−0.1 pp

Dec 2024−2.6 pp

Mar 2025−3.7 pp

Jun 2025−2.9 pp

Sep 2025−1.9 pp

Dec 2025−3.1 pp

Mar 2026+0.3 pp

Jun 2026—

Carrier Global Corporation · CARR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+1.3 pp

Sep 2022+12.5 pp

Dec 2022−0.5 pp

Mar 2023−26.8 pp

Jun 2023−7.5 pp

Sep 2023−17.7 pp

Dec 2023+4.0 pp

Mar 2024−3.4 pp

Jun 2024+4.0 pp

Sep 2024+2.5 pp

Dec 2024+2.5 pp

Mar 2025+5.0 pp

Jun 2025+2.6 pp

Sep 2025−3.1 pp

Dec 2025−12.9 pp

Mar 2026−7.3 pp

Jun 2026—

Johnson Controls International plc · JCI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−4.4 pp

Sep 2022−3.4 pp

Dec 2022+57.9 pp

Mar 2023+61.4 pp

Jun 2023+49.6 pp

Sep 2023+50.9 pp

Dec 2023−5.6 pp

Mar 2024+12.1 pp

Jun 2024−4.3 pp

Sep 2024+0.6 pp

Dec 2024+1.5 pp

Mar 2025−12.8 pp

Jun 2025+8.7 pp

Sep 2025+6.0 pp

Dec 2025−3.6 pp

Mar 2026−2.1 pp

Jun 2026—

Lennox International Inc. · LII

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−0.8 pp

Sep 2022−0.5 pp

Dec 2022+1.9 pp

Mar 2023+2.3 pp

Jun 2023+3.2 pp

Sep 2023−1.2 pp

Dec 2023+4.2 pp

Mar 2024+2.6 pp

Jun 2024+2.3 pp

Sep 2024+6.5 pp

Dec 2024+2.4 pp

Mar 2025−0.2 pp

Jun 2025+1.5 pp

Sep 2025+1.5 pp

Dec 20250.0 pp

Mar 2026−1.3 pp

Jun 2026—

Madison Air Solutions Corporation · MAIR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026−1.4 pp

Jun 2026—

Masco Corporation · MAS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−2.8 pp

Sep 2022−1.6 pp

Dec 2022−1.2 pp

Mar 2023−0.1 pp

Jun 2023+1.6 pp

Sep 2023+3.5 pp

Dec 2023+3.5 pp

Mar 2024+0.6 pp

Jun 2024+0.1 pp

Sep 2024−1.4 pp

Dec 2024+2.8 pp

Mar 2025−0.6 pp

Jun 2025+1.1 pp

Sep 2025−2.2 pp

Dec 2025−2.1 pp

Mar 2026+0.6 pp

Jun 2026—

Owens Corning · OC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−0.3 pp

Sep 2022+6.3 pp

Dec 2022−7.3 pp

Mar 2023+4.1 pp

Jun 2023+0.2 pp

Sep 2023−5.4 pp

Dec 2023−0.1 pp

Mar 2024−4.3 pp

Jun 2024−2.2 pp

Sep 2024−1.6 pp

Dec 2024+0.5 pp

Mar 2025−2.5 pp

Jun 2025+1.6 pp

Sep 2025−29.3 pp

Dec 2025−18.9 pp

Mar 2026−10.8 pp

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.9 pp

Dec 2022+3.9 pp

Mar 2023—

Jun 2023+8.8 pp

Sep 2023+4.4 pp

Dec 2023+3.3 pp

Mar 2024—

Jun 2024+2.4 pp

Sep 2024+4.2 pp

Dec 2024+3.5 pp

Mar 2025−0.1 pp

Jun 2025+0.8 pp

Sep 2025+0.1 pp

Dec 2025−1.2 pp

Mar 2026+1.7 pp

Jun 2026—

Trane Technologies plc · TT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20220.0 pp

Sep 2022+1.2 pp

Dec 2022+2.1 pp

Mar 2023+0.9 pp

Jun 2023+1.8 pp

Sep 2023+0.8 pp

Dec 2023+1.2 pp

Mar 2024+2.5 pp

Jun 2024+0.7 pp

Sep 2024+1.1 pp

Dec 2024+1.1 pp

Mar 2025+2.5 pp

Jun 2025+0.8 pp

Sep 2025+1.5 pp

Dec 2025−0.7 pp

Mar 2026−1.9 pp

Jun 2026—

03 · compare level, then change

Profit Scale & Acceleration

Trane Technologies plc has the highest Net profit among the 29 Building Products & Equipment companies compared here, at $2,955 million. Johnson Controls International plc is next at $2,056 million. SPX Technologies, Inc. has the highest Profit growth at 25.9%, so level and change sit with different companies. Its Net profit series carries 19 reported observations across the 20-quarter window.

What the numbers say: Trane Technologies plc leads with $2,955 million of TTM profit, 43.7% above Johnson Controls International plc. SPX Technologies, Inc. shows 25.9% growth from a $258 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderTrane Technologies plc · $2,955 million

Gap43.7% versus #2 · Johnson Controls International plc

Persistence7/8 recent comparable periods

Coverage27/29 companies · 525 observations

Investor read: Trane Technologies plc sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Trane Technologies plc TT$3.0B

2Johnson Controls International plc JCI$2.1B

3Carrier Global Corporation CARR$1.4B

4Masco Corporation MAS$887M

5Lennox International Inc. LII$803M

Profit growthfastest growers

1SPX Technologies, Inc. SPXC26%

2Armstrong World Industries, Inc. AWI12%

3Trane Technologies plc TT6.0%

4Perma-Pipe International Holdings, Inc. PPIH5.9%

5Masco Corporation MAS5.2%

Net profit · company comparison

27/29 level · 21/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Net profit	Profit growth	Reported
Johnson Controls International plc JCI	$612M	29%	Mar 2026
Trane Technologies plc TT	$600M	-2.9%	Mar 2026
Carrier Global Corporation CARR	$266M	-39%	Mar 2026
Masco Corporation MAS	$228M	15%	Mar 2026
Carlisle Companies Incorporated CSL	$128M	-8.6%	Mar 2026
Lennox International Inc. LII	$117M	-10%	Mar 2026
Griffon Corporation GFF	$87M	-4.4%	Mar 2026
Armstrong World Industries, Inc. AWI	$67M	-2.9%	Mar 2026
SPX Technologies, Inc. SPXC	$64M	23%	Mar 2026
Trex Company, Inc. TREX	$61M	1.7%	Mar 2026
Madison Air Solutions Corporation MAIR	$43M	-4.4%	Mar 2026
AAON, Inc. AAON	$40M	38%	Mar 2026
Advanced Drainage Systems, Inc. WMS	$33M	-57%	Mar 2026
Louisiana-Pacific Corporation LPX	$27M	-70%	Mar 2026
Fortune Brands Innovations, Inc. FBIN	$24M	-53%	Mar 2026
Arlo Technologies, Inc. ARLO	$15M	—	Mar 2026
Apogee Enterprises, Inc. APOG	$12M	750%	Jun 2026
NPK International Inc. NPKI	$10M	0.0%	Mar 2026
Limbach Holdings, Inc. LMB	$4M	-60%	Mar 2026
Quanex Building Products Corporation NX	$3M	-86%	Jun 2026
Perma-Pipe International Holdings, Inc. PPIH	$3M	-50%	Jun 2026
Janus International Group, Inc. JBI	$0M	-100%	Jun 2026
Latham Group, Inc. SWIM	$-9M	167%	Mar 2026
Gibraltar Industries, Inc. ROCK	$-12M	-152%	Mar 2026
Aspen Aerogels, Inc. ASPN	$-24M	-764%	Mar 2026
Builders FirstSource, Inc. BLDR	$-47M	-149%	Mar 2026
AirJoule Technologies Corporation AIRJ	$-50M	-433%	Mar 2026
JELD-WEN Holding, Inc. JELD	$-77M	-417%	Mar 2026
Owens Corning OC	$-104M	-254%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 2021$16M

Dec 2021$6M

Mar 2022$18M

Jun 2022$16M

Sep 2022$27M

Dec 2022$39M

Mar 2023$37M

Jun 2023$46M

Sep 2023$48M

Dec 2023$47M

Mar 2024$39M

Jun 2024$52M

Sep 2024$53M

Dec 2024$25M

Mar 2025$29M

Jun 2025$15M

Sep 2025$31M

Dec 2025$32M

Mar 2026$40M

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 2021$76M

Dec 2021$74M

Mar 2022$47M

Jun 2022$187M

Sep 2022$151M

Dec 2022$83M

Mar 2023$85M

Jun 2023$172M

Sep 2023$136M

Dec 2023$106M

Mar 2024$94M

Jun 2024$161M

Sep 2024$130M

Dec 2024$81M

Mar 2025$76M

Jun 2025$143M

Sep 2025$156M

Dec 2025$92M

Mar 2026$33M

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 2021$613M

Dec 2021$442M

Mar 2022$640M

Jun 2022$987M

Sep 2022$738M

Dec 2022$385M

Mar 2023$334M

Jun 2023$405M

Sep 2023$451M

Dec 2023$351M

Mar 2024$259M

Jun 2024$344M

Sep 2024$285M

Dec 2024$190M

Mar 2025$96M

Jun 2025$185M

Sep 2025$122M

Dec 2025$32M

Mar 2026$-47M

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 2021$113M

Dec 2021$129M

Mar 2022$194M

Jun 2022$291M

Sep 2022$233M

Dec 2022$153M

Mar 2023$84M

Jun 2023$227M

Sep 2023$217M

Dec 2023$192M

Mar 2024$171M

Jun 2024$285M

Sep 2024$247M

Dec 2024$162M

Mar 2025$140M

Jun 2025$256M

Sep 2025$214M

Dec 2025$133M

Mar 2026$128M

Jun 2026—

Carrier Global Corporation · CARR

Sep 2021$480M

Dec 2021$332M

Mar 2022$1.4B

Jun 2022$587M

Sep 2022$1.3B

Dec 2022$278M

Mar 2023$387M

Jun 2023$233M

Sep 2023$294M

Dec 2023$436M

Mar 2024$197M

Jun 2024$447M

Sep 2024$598M

Dec 2024$-30M

Mar 2025$437M

Jun 2025$650M

Sep 2025$434M

Dec 2025$37M

Mar 2026$266M

Jun 2026—

Johnson Controls International plc · JCI

Sep 2021$316M

Dec 2021$419M

Mar 2022$52M

Jun 2022$443M

Sep 2022$809M

Dec 2022$156M

Mar 2023$174M

Jun 2023$1.1B

Sep 2023$488M

Dec 2023$340M

Mar 2024$-318M

Jun 2024$851M

Sep 2024$538M

Dec 2024$361M

Mar 2025$475M

Jun 2025$618M

Sep 2025$270M

Dec 2025$556M

Mar 2026$612M

Jun 2026—

Lennox International Inc. · LII

Sep 2021$126M

Dec 2021$84M

Mar 2022$84M

Jun 2022$177M

Sep 2022$142M

Dec 2022$94M

Mar 2023$98M

Jun 2023$217M

Sep 2023$130M

Dec 2023$146M

Mar 2024$124M

Jun 2024$246M

Sep 2024$239M

Dec 2024$202M

Mar 2025$130M

Jun 2025$278M

Sep 2025$246M

Dec 2025$162M

Mar 2026$117M

Jun 2026—

Madison Air Solutions Corporation · MAIR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025$45M

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026$43M

Jun 2026—

Masco Corporation · MAS

Sep 2021$239M

Dec 2021$140M

Mar 2022$252M

Jun 2022$294M

Sep 2022$233M

Dec 2022$126M

Mar 2023$221M

Jun 2023$278M

Sep 2023$260M

Dec 2023$201M

Mar 2024$229M

Jun 2024$272M

Sep 2024$180M

Dec 2024$193M

Mar 2025$198M

Jun 2025$283M

Sep 2025$200M

Dec 2025$176M

Mar 2026$228M

Jun 2026—

Owens Corning · OC

Sep 2021$259M

Dec 2021$228M

Mar 2022$307M

Jun 2022$343M

Sep 2022$469M

Dec 2022$122M

Mar 2023$382M

Jun 2023$344M

Sep 2023$337M

Dec 2023$130M

Mar 2024$298M

Jun 2024$286M

Sep 2024$321M

Dec 2024$-258M

Mar 2025$-93M

Jun 2025$362M

Sep 2025$-494M

Dec 2025$-297M

Mar 2026$-104M

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 2021$18M

Dec 2021$14M

Mar 2022—

Jun 2022$13M

Sep 2022$19M

Dec 2022$13M

Mar 2023—

Jun 2023$39M

Sep 2023$38M

Dec 2023$32M

Mar 2024$49M

Jun 2024$45M

Sep 2024$51M

Dec 2024$57M

Mar 2025$52M

Jun 2025$53M

Sep 2025$63M

Dec 2025$78M

Mar 2026$64M

Jun 2026—

Trane Technologies plc · TT

Sep 2021$422M

Dec 2021$329M

Mar 2022$270M

Jun 2022$517M

Sep 2022$560M

Dec 2022$449M

Mar 2023$317M

Jun 2023$597M

Sep 2023$639M

Dec 2023$517M

Mar 2024$445M

Jun 2024$767M

Sep 2024$787M

Dec 2024$615M

Mar 2025$618M

Jun 2025$876M

Sep 2025$860M

Dec 2025$619M

Mar 2026$600M

Jun 2026—

Profit growth · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-24%

Sep 202269%

Dec 2022550%

Mar 2023106%

Jun 2023188%

Sep 202378%

Dec 202321%

Mar 20245.4%

Jun 202413%

Sep 202410%

Dec 2024-47%

Mar 2025-26%

Jun 2025-71%

Sep 2025-42%

Dec 202528%

Mar 202638%

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022143%

Sep 202299%

Dec 202212%

Mar 202381%

Jun 2023-8.0%

Sep 2023-9.9%

Dec 202328%

Mar 202411%

Jun 2024-6.4%

Sep 2024-4.4%

Dec 2024-24%

Mar 2025-19%

Jun 2025-11%

Sep 202520%

Dec 202514%

Mar 2026-57%

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202299%

Sep 202220%

Dec 2022-13%

Mar 2023-48%

Jun 2023-59%

Sep 2023-39%

Dec 2023-8.8%

Mar 2024-22%

Jun 2024-15%

Sep 2024-37%

Dec 2024-46%

Mar 2025-63%

Jun 2025-46%

Sep 2025-57%

Dec 2025-83%

Mar 2026-149%

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022210%

Sep 2022106%

Dec 202219%

Mar 2023-57%

Jun 2023-22%

Sep 2023-6.9%

Dec 202325%

Mar 2024104%

Jun 202426%

Sep 202414%

Dec 2024-16%

Mar 2025-18%

Jun 2025-10%

Sep 2025-13%

Dec 2025-18%

Mar 2026-8.6%

Jun 2026—

Carrier Global Corporation · CARR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202218%

Sep 2022178%

Dec 2022-16%

Mar 2023-72%

Jun 2023-60%

Sep 2023-78%

Dec 202357%

Mar 2024-49%

Jun 202492%

Sep 2024103%

Dec 2024-107%

Mar 2025122%

Jun 202545%

Sep 2025-27%

Dec 2025—

Mar 2026-39%

Jun 2026—

Johnson Controls International plc · JCI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-33%

Sep 2022156%

Dec 2022-63%

Mar 2023235%

Jun 2023153%

Sep 2023-40%

Dec 2023118%

Mar 2024-283%

Jun 2024-24%

Sep 202410%

Dec 20246.2%

Mar 2025—

Jun 2025-27%

Sep 2025-50%

Dec 202554%

Mar 202629%

Jun 2026—

Lennox International Inc. · LII

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20224.1%

Sep 202213%

Dec 202212%

Mar 202317%

Jun 202323%

Sep 2023-8.5%

Dec 202355%

Mar 202427%

Jun 202413%

Sep 202484%

Dec 202438%

Mar 20254.8%

Jun 202513%

Sep 20252.9%

Dec 2025-20%

Mar 2026-10%

Jun 2026—

Madison Air Solutions Corporation · MAIR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026-4.4%

Jun 2026—

Masco Corporation · MAS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-2.5%

Dec 2022-10%

Mar 2023-12%

Jun 2023-5.4%

Sep 202312%

Dec 202360%

Mar 20243.6%

Jun 2024-2.2%

Sep 2024-31%

Dec 2024-4.0%

Mar 2025-14%

Jun 20254.0%

Sep 202511%

Dec 2025-8.8%

Mar 202615%

Jun 2026—

Owens Corning · OC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202215%

Sep 202281%

Dec 2022-46%

Mar 202324%

Jun 20230.3%

Sep 2023-28%

Dec 20236.6%

Mar 2024-22%

Jun 2024-17%

Sep 2024-4.8%

Dec 2024-298%

Mar 2025-131%

Jun 202527%

Sep 2025-254%

Dec 2025—

Mar 2026—

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20225.6%

Dec 2022-7.1%

Mar 2023—

Jun 2023200%

Sep 2023100%

Dec 2023146%

Mar 2024—

Jun 202415%

Sep 202434%

Dec 202478%

Mar 20256.1%

Jun 202518%

Sep 202524%

Dec 202537%

Mar 202623%

Jun 2026—

Trane Technologies plc · TT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202210%

Sep 202233%

Dec 202236%

Mar 202317%

Jun 202315%

Sep 202314%

Dec 202315%

Mar 202440%

Jun 202428%

Sep 202423%

Dec 202419%

Mar 202539%

Jun 202514%

Sep 20259.3%

Dec 20250.7%

Mar 2026-2.9%

Jun 2026—

04 · compare level, then change

Capacity Spending & Returns On It

Owens Corning has the highest CAPEX among the 29 Building Products & Equipment companies compared here, at $233 million. Carrier Global Corporation is next at $94 million. NPK International Inc. has the highest CAPEX intensity at 22.7%, so level and change sit with different companies. 29 of 29 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Owens Corning reports $233 million of CAPEX; NPK International Inc. has the highest covered intensity at 22.7%. Coverage is only 29 of 29 companies and 515 reported observations, so this is partial evidence—not a complete sector rank.

LeaderOwens Corning · $233 million

Gap147.9% versus #2 · Carrier Global Corporation

Persistence8/8 recent comparable periods

Coverage29/29 companies · 515 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

CAPEXlargest spenders

1Owens Corning OC$233M

2Carrier Global Corporation CARR$94M

3Trane Technologies plc TT$80M

4Johnson Controls International plc JCI$68M

5Louisiana-Pacific Corporation LPX$61M

CAPEX intensityhighest reinvestment intensity

1NPK International Inc. NPKI23%

2Louisiana-Pacific Corporation LPX11%

3Owens Corning OC10%

4Latham Group, Inc. SWIM9.4%

5AAON, Inc. AAON9.1%

Capital expenditure · company comparison

29/29 level · 28/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	CAPEX	CAPEX intensity	Reported
Owens Corning OC	$233M	10%	Mar 2026
Carrier Global Corporation CARR	$94M	1.8%	Mar 2026
Trane Technologies plc TT	$80M	1.6%	Mar 2026
Johnson Controls International plc JCI	$68M	1.1%	Mar 2026
Louisiana-Pacific Corporation LPX	$61M	11%	Mar 2026
Lennox International Inc. LII	$56M	4.9%	Mar 2026
Advanced Drainage Systems, Inc. WMS	$53M	7.8%	Mar 2026
Builders FirstSource, Inc. BLDR	$47M	1.4%	Mar 2026
AAON, Inc. AAON	$45M	9.1%	Mar 2026
Masco Corporation MAS	$34M	1.8%	Mar 2026
Carlisle Companies Incorporated CSL	$28M	2.7%	Mar 2026
JELD-WEN Holding, Inc. JELD	$25M	3.5%	Mar 2026
Trex Company, Inc. TREX	$23M	6.7%	Mar 2026
Fortune Brands Innovations, Inc. FBIN	$20M	2.0%	Mar 2026
SPX Technologies, Inc. SPXC	$19M	3.4%	Mar 2026
Armstrong World Industries, Inc. AWI	$18M	4.4%	Mar 2026
NPK International Inc. NPKI	$17M	23%	Mar 2026
Quanex Building Products Corporation NX	$11M	2.4%	Jun 2026
Latham Group, Inc. SWIM	$11M	9.4%	Mar 2026
Griffon Corporation GFF	$10M	2.4%	Mar 2026
Madison Air Solutions Corporation MAIR	$7M	0.8%	Mar 2026
Gibraltar Industries, Inc. ROCK	$6M	1.7%	Mar 2026
Apogee Enterprises, Inc. APOG	$6M	1.7%	Jun 2026
Janus International Group, Inc. JBI	$3M	1.3%	Jun 2026
Arlo Technologies, Inc. ARLO	$2M	1.3%	Mar 2026
Aspen Aerogels, Inc. ASPN	$1M	2.6%	Mar 2026
Perma-Pipe International Holdings, Inc. PPIH	$1M	2.0%	Jun 2026
Limbach Holdings, Inc. LMB	$0M	0.0%	Mar 2026
AirJoule Technologies Corporation AIRJ	$0M	—	Mar 2026

Full 20-quarter history · every available company

CAPEX · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 2021$9M

Dec 2021$13M

Mar 2022$14M

Jun 2022$13M

Sep 2022$14M

Dec 2022$12M

Mar 2023$29M

Jun 2023$32M

Sep 2023$22M

Dec 2023$21M

Mar 2024$35M

Jun 2024$31M

Sep 2024$34M

Dec 2024$96M

Mar 2025$47M

Jun 2025$36M

Sep 2025$46M

Dec 2025$62M

Mar 2026$45M

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 2021$38M

Dec 2021$37M

Mar 2022$49M

Jun 2022$36M

Sep 2022$39M

Dec 2022$51M

Mar 2023$40M

Jun 2023$42M

Sep 2023$41M

Dec 2023$54M

Mar 2024$47M

Jun 2024$58M

Sep 2024$54M

Dec 2024$54M

Mar 2025$47M

Jun 2025$53M

Sep 2025$58M

Dec 2025$86M

Mar 2026$53M

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 2021$62M

Dec 2021$68M

Mar 2022$50M

Jun 2022$69M

Sep 2022$86M

Dec 2022$135M

Mar 2023$106M

Jun 2023$125M

Sep 2023$145M

Dec 2023$100M

Mar 2024$93M

Jun 2024$88M

Sep 2024$100M

Dec 2024$100M

Mar 2025$100M

Jun 2025$89M

Sep 2025$86M

Dec 2025$88M

Mar 2026$47M

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 2021$34M

Dec 2021$46M

Mar 2022$31M

Jun 2022$52M

Sep 2022$48M

Dec 2022$53M

Mar 2023$40M

Jun 2023$30M

Sep 2023$36M

Dec 2023$36M

Mar 2024$33M

Jun 2024$25M

Sep 2024$19M

Dec 2024$37M

Mar 2025$29M

Jun 2025$29M

Sep 2025$34M

Dec 2025$40M

Mar 2026$28M

Jun 2026—

Carrier Global Corporation · CARR

Sep 2021$74M

Dec 2021$138M

Mar 2022$56M

Jun 2022$66M

Sep 2022$91M

Dec 2022$140M

Mar 2023$70M

Jun 2023$74M

Sep 2023$92M

Dec 2023$222M

Mar 2024$102M

Jun 2024$108M

Sep 2024$92M

Dec 2024$217M

Mar 2025$63M

Jun 2025$81M

Sep 2025$117M

Dec 2025$131M

Mar 2026$94M

Jun 2026—

Johnson Controls International plc · JCI

Sep 2021$228M

Dec 2021$135M

Mar 2022$125M

Jun 2022$170M

Sep 2022$162M

Dec 2022$134M

Mar 2023$242M

Jun 2023$111M

Sep 2023$139M

Dec 2023$82M

Mar 2024$133M

Jun 2024$89M

Sep 2024$195M

Dec 2024$116M

Mar 2025$94M

Jun 2025$94M

Sep 2025$130M

Dec 2025$80M

Mar 2026$68M

Jun 2026—

Lennox International Inc. · LII

Sep 2021$23M

Dec 2021$38M

Mar 2022$26M

Jun 2022$21M

Sep 2022$20M

Dec 2022$34M

Mar 2023$35M

Jun 2023$50M

Sep 2023$40M

Dec 2023$125M

Mar 2024$30M

Jun 2024$33M

Sep 2024$41M

Dec 2024$60M

Mar 2025$26M

Jun 2025$29M

Sep 2025$36M

Dec 2025$29M

Mar 2026$56M

Jun 2026—

Madison Air Solutions Corporation · MAIR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025$5M

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026$7M

Jun 2026—

Masco Corporation · MAS

Sep 2021$29M

Dec 2021$46M

Mar 2022$27M

Jun 2022$43M

Sep 2022$67M

Dec 2022$87M

Mar 2023$61M

Jun 2023$72M

Sep 2023$48M

Dec 2023$62M

Mar 2024$31M

Jun 2024$43M

Sep 2024$38M

Dec 2024$56M

Mar 2025$32M

Jun 2025$36M

Sep 2025$41M

Dec 2025$47M

Mar 2026$34M

Jun 2026—

Owens Corning · OC

Sep 2021$66M

Dec 2021$173M

Mar 2022$107M

Jun 2022$105M

Sep 2022$94M

Dec 2022$140M

Mar 2023$158M

Jun 2023$122M

Sep 2023$110M

Dec 2023$136M

Mar 2024$152M

Jun 2024$157M

Sep 2024$141M

Dec 2024$197M

Mar 2025$203M

Jun 2025$198M

Sep 2025$166M

Dec 2025$257M

Mar 2026$233M

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 2021$2M

Dec 2021$3M

Mar 2022—

Jun 2022$2M

Sep 2022$4M

Dec 2022$4M

Mar 2023—

Jun 2023$4M

Sep 2023$5M

Dec 2023$7M

Mar 2024$10M

Jun 2024$10M

Sep 2024$8M

Dec 2024$10M

Mar 2025$6M

Jun 2025$8M

Sep 2025$10M

Dec 2025$69M

Mar 2026$19M

Jun 2026—

Trane Technologies plc · TT

Sep 2021$44M

Dec 2021$101M

Mar 2022$75M

Jun 2022$69M

Sep 2022$59M

Dec 2022$89M

Mar 2023$77M

Jun 2023$57M

Sep 2023$83M

Dec 2023$84M

Mar 2024$84M

Jun 2024$73M

Sep 2024$88M

Dec 2024$126M

Mar 2025$119M

Jun 2025$90M

Sep 2025$68M

Dec 2025$106M

Mar 2026$80M

Jun 2026—

CAPEX intensity · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 20216.5%

Dec 20219.6%

Mar 20227.7%

Jun 20226.2%

Sep 20225.8%

Dec 20224.7%

Mar 202311%

Jun 202311%

Sep 20237.1%

Dec 20236.8%

Mar 202413%

Jun 20249.9%

Sep 202410%

Dec 202432%

Mar 202515%

Jun 202512%

Sep 202512%

Dec 202515%

Mar 20269.1%

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 20215.4%

Dec 20215.2%

Mar 20227.2%

Jun 20223.9%

Sep 20224.4%

Dec 20227.8%

Mar 20236.5%

Jun 20235.4%

Sep 20235.3%

Dec 20238.2%

Mar 20247.2%

Jun 20247.1%

Sep 20246.9%

Dec 20247.8%

Mar 20257.6%

Jun 20256.4%

Sep 20256.8%

Dec 202512%

Mar 20267.8%

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 20211.1%

Dec 20211.5%

Mar 20220.9%

Jun 20221.0%

Sep 20221.5%

Dec 20223.1%

Mar 20232.7%

Jun 20232.8%

Sep 20233.2%

Dec 20232.4%

Mar 20242.4%

Jun 20242.0%

Sep 20242.4%

Dec 20242.6%

Mar 20252.7%

Jun 20252.1%

Sep 20252.2%

Dec 20252.6%

Mar 20261.4%

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 20212.6%

Dec 20213.3%

Mar 20222.1%

Jun 20222.9%

Sep 20223.2%

Dec 20224.6%

Mar 20234.5%

Jun 20232.3%

Sep 20232.9%

Dec 20233.2%

Mar 20243.0%

Jun 20241.7%

Sep 20241.4%

Dec 20243.3%

Mar 20252.6%

Jun 20252.0%

Sep 20252.5%

Dec 20253.5%

Mar 20262.7%

Jun 2026—

Carrier Global Corporation · CARR

Sep 20211.4%

Dec 20212.7%

Mar 20221.2%

Jun 20221.3%

Sep 20221.7%

Dec 20222.7%

Mar 20231.3%

Jun 20231.2%

Sep 20231.9%

Dec 20235.1%

Mar 20241.9%

Jun 20241.8%

Sep 20241.5%

Dec 20244.2%

Mar 20251.2%

Jun 20251.3%

Sep 20252.1%

Dec 20252.7%

Mar 20261.8%

Jun 2026—

Johnson Controls International plc · JCI

Sep 20213.6%

Dec 20212.3%

Mar 20222.0%

Jun 20222.6%

Sep 20222.4%

Dec 20222.2%

Mar 20233.6%

Jun 20231.6%

Sep 20232.4%

Dec 20231.6%

Mar 20242.4%

Jun 20241.5%

Sep 20243.1%

Dec 20242.1%

Mar 20251.7%

Jun 20251.6%

Sep 20252.0%

Dec 20251.4%

Mar 20261.1%

Jun 2026—

Lennox International Inc. · LII

Sep 20212.2%

Dec 20213.9%

Mar 20222.6%

Jun 20221.5%

Sep 20221.6%

Dec 20223.1%

Mar 20233.3%

Jun 20233.5%

Sep 20232.9%

Dec 202311%

Mar 20242.9%

Jun 20242.3%

Sep 20242.7%

Dec 20244.5%

Mar 20252.4%

Jun 20251.9%

Sep 20252.5%

Dec 20252.4%

Mar 20264.9%

Jun 2026—

Madison Air Solutions Corporation · MAIR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20250.7%

Jun 2025—

Sep 2025—

Dec 2025—

Mar 20260.8%

Jun 2026—

Masco Corporation · MAS

Sep 20211.3%

Dec 20212.3%

Mar 20221.2%

Jun 20221.8%

Sep 20223.0%

Dec 20224.5%

Mar 20233.1%

Jun 20233.4%

Sep 20232.4%

Dec 20233.3%

Mar 20241.6%

Jun 20242.1%

Sep 20241.9%

Dec 20243.1%

Mar 20251.8%

Jun 20251.8%

Sep 20252.1%

Dec 20252.6%

Mar 20261.8%

Jun 2026—

Owens Corning · OC

Sep 20213.0%

Dec 20218.1%

Mar 20224.6%

Jun 20224.0%

Sep 20223.7%

Dec 20226.1%

Mar 20236.8%

Jun 20234.8%

Sep 20234.4%

Dec 20235.9%

Mar 20247.5%

Jun 20246.3%

Sep 20245.1%

Dec 20247.7%

Mar 20258.0%

Jun 20257.2%

Sep 20256.2%

Dec 202512%

Mar 202610%

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 20210.7%

Dec 20211.0%

Mar 2022—

Jun 20220.7%

Sep 20221.1%

Dec 20221.1%

Mar 2023—

Jun 20231.0%

Sep 20231.2%

Dec 20231.5%

Mar 20242.2%

Jun 20242.0%

Sep 20241.7%

Dec 20241.9%

Mar 20251.2%

Jun 20251.4%

Sep 20251.7%

Dec 202511%

Mar 20263.4%

Jun 2026—

Trane Technologies plc · TT

Sep 20211.2%

Dec 20212.8%

Mar 20222.2%

Jun 20221.6%

Sep 20221.3%

Dec 20222.2%

Mar 20232.1%

Jun 20231.2%

Sep 20231.7%

Dec 20231.9%

Mar 20242.0%

Jun 20241.4%

Sep 20241.6%

Dec 20242.6%

Mar 20252.5%

Jun 20251.6%

Sep 20251.2%

Dec 20252.1%

Mar 20261.6%

Jun 2026—

Annual capital allocation · 5-year view

29/29 capacity base · 29/29 OCF · 29/29 CAPEX · 29/29 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Dec 2021$275M

Dec 2022$312M

Dec 2023$382M

Dec 2024$526M

Dec 2025$649M

Advanced Drainage Systems, Inc. · WMS

Dec 2021$619M

Dec 2022$733M

Dec 2023$876M

Dec 2024$1.1B

Dec 2025$1.2B

Builders FirstSource, Inc. · BLDR

Dec 2021$1.8B

Dec 2022$2.1B

Dec 2023$2.3B

Dec 2024$2.6B

Dec 2025$2.8B

Carlisle Companies Incorporated · CSL

Dec 2021$760M

Dec 2022$602M

Dec 2023$655M

Dec 2024$712M

Dec 2025$807M

Carrier Global Corporation · CARR

Dec 2021$2.5B

Dec 2022$2.9B

Dec 2023$2.6B

Dec 2024$3.6B

Dec 2025$3.7B

Johnson Controls International plc · JCI

Dec 2021$3.2B

Dec 2022$3.1B

Dec 2023$2.4B

Dec 2024$2.4B

Dec 2025$2.2B

Lennox International Inc. · LII

Dec 2021$711M

Dec 2022$769M

Dec 2023$934M

Dec 2024$1.1B

Dec 2025$1.2B

Madison Air Solutions Corporation · MAIR

Dec 2021—

Dec 2022—

Dec 2023$251M

Dec 2024$230M

Dec 2025$372M

Masco Corporation · MAS

Dec 2021$1.1B

Dec 2022$1.2B

Dec 2023$1.4B

Dec 2024$1.3B

Dec 2025$1.4B

Owens Corning · OC

Dec 2021$4.0B

Dec 2022$3.9B

Dec 2023$4.1B

Dec 2024$4.2B

Dec 2025$4.7B

SPX Technologies, Inc. · SPXC

Dec 2021$113M

Dec 2022$110M

Dec 2023$141M

Dec 2024$218M

Dec 2025$291M

Trane Technologies plc · TT

Dec 2021$1.4B

Dec 2022$1.5B

Dec 2023$1.8B

Dec 2024$2.0B

Dec 2025$2.3B

Operating cash flow · fiscal-year history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Dec 2021$61M

Dec 2022$61M

Dec 2023$159M

Dec 2024$193M

Dec 2025$1M

Advanced Drainage Systems, Inc. · WMS

Dec 2021$275M

Dec 2022$708M

Dec 2023$718M

Dec 2024$581M

Dec 2025$819M

Builders FirstSource, Inc. · BLDR

Dec 2021$1.7B

Dec 2022$3.6B

Dec 2023$2.3B

Dec 2024$1.9B

Dec 2025$1.2B

Carlisle Companies Incorporated · CSL

Dec 2021$422M

Dec 2022$1.0B

Dec 2023$1.2B

Dec 2024$1.0B

Dec 2025$1.1B

Carrier Global Corporation · CARR

Dec 2021$2.2B

Dec 2022$1.7B

Dec 2023$2.6B

Dec 2024$563M

Dec 2025$2.5B

Johnson Controls International plc · JCI

Dec 2021$2.5B

Dec 2022$2.0B

Dec 2023$2.2B

Dec 2024$2.1B

Dec 2025$1.4B

Lennox International Inc. · LII

Dec 2021$516M

Dec 2022$302M

Dec 2023$736M

Dec 2024$946M

Dec 2025$758M

Madison Air Solutions Corporation · MAIR

Dec 2021—

Dec 2022—

Dec 2023$288M

Dec 2024$18M

Dec 2025$480M

Masco Corporation · MAS

Dec 2021$930M

Dec 2022$840M

Dec 2023$1.4B

Dec 2024$1.1B

Dec 2025$1.0B

Owens Corning · OC

Dec 2021$1.5B

Dec 2022$1.8B

Dec 2023$1.7B

Dec 2024$1.9B

Dec 2025$1.8B

SPX Technologies, Inc. · SPXC

Dec 2021$175M

Dec 2022$-137M

Dec 2023$209M

Dec 2024$286M

Dec 2025$333M

Trane Technologies plc · TT

Dec 2021$1.6B

Dec 2022$1.5B

Dec 2023$2.4B

Dec 2024$3.1B

Dec 2025$3.2B

CAPEX · reported cash flow · fiscal-year history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Dec 2021$55M

Dec 2022$76M

Dec 2023$104M

Dec 2024$196M

Dec 2025$191M

Advanced Drainage Systems, Inc. · WMS

Dec 2021$149M

Dec 2022$167M

Dec 2023$184M

Dec 2024$213M

Dec 2025$250M

Builders FirstSource, Inc. · BLDR

Dec 2021$228M

Dec 2022$340M

Dec 2023$476M

Dec 2024$381M

Dec 2025$363M

Carlisle Companies Incorporated · CSL

Dec 2021$135M

Dec 2022$184M

Dec 2023$142M

Dec 2024$113M

Dec 2025$131M

Carrier Global Corporation · CARR

Dec 2021$344M

Dec 2022$317M

Dec 2023$439M

Dec 2024$519M

Dec 2025$392M

Johnson Controls International plc · JCI

Dec 2021$552M

Dec 2022$487M

Dec 2023$446M

Dec 2024$494M

Dec 2025$434M

Lennox International Inc. · LII

Dec 2021$107M

Dec 2022$101M

Dec 2023$250M

Dec 2024$164M

Dec 2025$119M

Madison Air Solutions Corporation · MAIR

Dec 2021—

Dec 2022—

Dec 2023$26M

Dec 2024$28M

Dec 2025$41M

Masco Corporation · MAS

Dec 2021$128M

Dec 2022$224M

Dec 2023$243M

Dec 2024$168M

Dec 2025$156M

Owens Corning · OC

Dec 2021$416M

Dec 2022$446M

Dec 2023$526M

Dec 2024$647M

Dec 2025$824M

SPX Technologies, Inc. · SPXC

Dec 2021$10M

Dec 2022$16M

Dec 2023$24M

Dec 2024$38M

Dec 2025$92M

Trane Technologies plc · TT

Dec 2021$223M

Dec 2022$292M

Dec 2023$301M

Dec 2024$371M

Dec 2025$383M

Free cash flow · fiscal-year history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Dec 2021$6M

Dec 2022$-15M

Dec 2023$55M

Dec 2024$-3M

Dec 2025$-190M

Advanced Drainage Systems, Inc. · WMS

Dec 2021$126M

Dec 2022$541M

Dec 2023$534M

Dec 2024$369M

Dec 2025$569M

Builders FirstSource, Inc. · BLDR

Dec 2021$1.5B

Dec 2022$3.3B

Dec 2023$1.8B

Dec 2024$1.5B

Dec 2025$853M

Carlisle Companies Incorporated · CSL

Dec 2021$287M

Dec 2022$817M

Dec 2023$1.1B

Dec 2024$917M

Dec 2025$971M

Carrier Global Corporation · CARR

Dec 2021$1.9B

Dec 2022$1.4B

Dec 2023$2.2B

Dec 2024$44M

Dec 2025$2.1B

Johnson Controls International plc · JCI

Dec 2021$1.9B

Dec 2022$1.5B

Dec 2023$1.8B

Dec 2024$1.6B

Dec 2025$965M

Lennox International Inc. · LII

Dec 2021$409M

Dec 2022$201M

Dec 2023$486M

Dec 2024$782M

Dec 2025$639M

Madison Air Solutions Corporation · MAIR

Dec 2021—

Dec 2022—

Dec 2023$262M

Dec 2024$-10M

Dec 2025$440M

Masco Corporation · MAS

Dec 2021$802M

Dec 2022$616M

Dec 2023$1.2B

Dec 2024$907M

Dec 2025$866M

Owens Corning · OC

Dec 2021$1.1B

Dec 2022$1.3B

Dec 2023$1.2B

Dec 2024$1.2B

Dec 2025$962M

SPX Technologies, Inc. · SPXC

Dec 2021$165M

Dec 2022$-153M

Dec 2023$185M

Dec 2024$248M

Dec 2025$241M

Trane Technologies plc · TT

Dec 2021$1.4B

Dec 2022$1.2B

Dec 2023$2.1B

Dec 2024$2.8B

Dec 2025$2.8B

05 · compare level, then change

Debt Load & Balance-Sheet Headroom

AirJoule Technologies Corporation has the lowest Gross debt among the 29 Building Products & Equipment companies compared here, at $0 million. Arlo Technologies, Inc. is next at $6 million. Arlo Technologies, Inc. has the lowest Net debt at $161 million net cash, so level and change sit with different companies.

What the numbers say: Arlo Technologies, Inc. has the clearest covered balance-sheet capacity with $161 million net cash and gross debt of $6 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderAirJoule Technologies Corporation · $0 million

Gap100% versus #2 · Arlo Technologies, Inc.

Persistence8/8 recent comparable periods

Coverage29/29 companies · 531 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

Gross debtlowest gross debt

1AirJoule Technologies Corporation AIRJ$0M

2Arlo Technologies, Inc. ARLO$6M

3NPK International Inc. NPKI$20M

4Perma-Pipe International Holdings, Inc. PPIH$56M

5Limbach Holdings, Inc. LMB$76M

Net debtlowest net debt

1Arlo Technologies, Inc. ARLO$-161M

2Aspen Aerogels, Inc. ASPN$-45M

3AirJoule Technologies Corporation AIRJ$-31M

4NPK International Inc. NPKI$13M

5Perma-Pipe International Holdings, Inc. PPIH$28M

Debt and balance-sheet capacity · company comparison

29/29 level · 29/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Gross debt	Net debt	Reported
Carrier Global Corporation CARR	$12.6B	$11.2B	Mar 2026
Johnson Controls International plc JCI	$9.5B	$8.8B	Mar 2026
Owens Corning OC	$6.0B	$5.8B	Mar 2026
Madison Air Solutions Corporation MAIR	$5.6B	$5.4B	Mar 2026
Builders FirstSource, Inc. BLDR	$5.3B	$5.2B	Mar 2026
Trane Technologies plc TT	$4.6B	$3.5B	Mar 2026
Masco Corporation MAS	$3.3B	$2.9B	Mar 2026
Fortune Brands Innovations, Inc. FBIN	$3.0B	$2.7B	Mar 2026
Carlisle Companies Incorporated CSL	$2.9B	$2.1B	Mar 2026
Lennox International Inc. LII	$2.0B	$1.9B	Mar 2026
Advanced Drainage Systems, Inc. WMS	$1.8B	$1.5B	Mar 2026
Griffon Corporation GFF	$1.5B	$1.4B	Mar 2026
Gibraltar Industries, Inc. ROCK	$1.4B	$1.4B	Mar 2026
JELD-WEN Holding, Inc. JELD	$1.4B	$1.3B	Mar 2026
Quanex Building Products Corporation NX	$889M	$825M	Jun 2026
SPX Technologies, Inc. SPXC	$674M	$517M	Mar 2026
Armstrong World Industries, Inc. AWI	$569M	$489M	Mar 2026
Janus International Group, Inc. JBI	$547M	$435M	Jun 2026
AAON, Inc. AAON	$425M	$424M	Mar 2026
Trex Company, Inc. TREX	$423M	$419M	Mar 2026
Louisiana-Pacific Corporation LPX	$369M	$205M	Mar 2026
Latham Group, Inc. SWIM	$342M	$315M	Mar 2026
Apogee Enterprises, Inc. APOG	$288M	$262M	Jun 2026
Aspen Aerogels, Inc. ASPN	$129M	$-45M	Mar 2026
Limbach Holdings, Inc. LMB	$76M	$60M	Mar 2026
Perma-Pipe International Holdings, Inc. PPIH	$56M	$28M	Jun 2026
NPK International Inc. NPKI	$20M	$13M	Mar 2026
Arlo Technologies, Inc. ARLO	$6M	$-161M	Mar 2026
AirJoule Technologies Corporation AIRJ	$0M	$-31M	Mar 2026

Full 20-quarter history · every available company

Gross debt · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 2021$0M

Dec 2021$40M

Mar 2022$65M

Jun 2022$106M

Sep 2022$76M

Dec 2022$71M

Mar 2023$84M

Jun 2023$79M

Sep 2023$78M

Dec 2023$38M

Mar 2024$0M

Jun 2024$86M

Sep 2024$56M

Dec 2024$155M

Mar 2025$252M

Jun 2025$317M

Sep 2025$360M

Dec 2025$398M

Mar 2026$425M

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 2021$961M

Dec 2021$971M

Mar 2022$945M

Jun 2022$1.3B

Sep 2022$1.3B

Dec 2022$1.3B

Mar 2023$1.3B

Jun 2023$1.3B

Sep 2023$1.3B

Dec 2023$1.3B

Mar 2024$1.4B

Jun 2024$1.4B

Sep 2024$1.4B

Dec 2024$1.4B

Mar 2025$1.4B

Jun 2025$1.4B

Sep 2025$1.4B

Dec 2025$1.4B

Mar 2026$1.8B

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 2021$2.9B

Dec 2021$3.4B

Mar 2022$3.9B

Jun 2022$4.1B

Sep 2022$3.7B

Dec 2022$3.5B

Mar 2023$3.7B

Jun 2023$4.2B

Sep 2023$3.9B

Dec 2023$3.7B

Mar 2024$4.2B

Jun 2024$4.4B

Sep 2024$4.3B

Dec 2024$4.3B

Mar 2025$5.1B

Jun 2025$5.3B

Sep 2025$5.1B

Dec 2025$5.1B

Mar 2026$5.3B

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 2021$2.9B

Dec 2021$2.9B

Mar 2022$2.9B

Jun 2022$2.9B

Sep 2022$2.9B

Dec 2022$2.6B

Mar 2023$2.6B

Jun 2023$2.6B

Sep 2023$2.3B

Dec 2023$2.3B

Mar 2024$2.3B

Jun 2024$2.3B

Sep 2024$2.3B

Dec 2024$1.9B

Mar 2025$1.9B

Jun 2025$1.9B

Sep 2025$2.9B

Dec 2025$2.9B

Mar 2026$2.9B

Jun 2026—

Carrier Global Corporation · CARR

Sep 2021$10.2B

Dec 2021$10.2B

Mar 2022$9.1B

Jun 2022$9.1B

Sep 2022$9.4B

Dec 2022$9.4B

Mar 2023$9.4B

Jun 2023$9.3B

Sep 2023$9.3B

Dec 2023$14.6B

Mar 2024$17.4B

Jun 2024$13.8B

Sep 2024$12.9B

Dec 2024$12.8B

Mar 2025$11.6B

Jun 2025$11.9B

Sep 2025$12.3B

Dec 2025$12.3B

Mar 2026$12.6B

Jun 2026—

Johnson Controls International plc · JCI

Sep 2021$7.7B

Dec 2021$8.0B

Mar 2022$9.7B

Jun 2022$9.5B

Sep 2022$9.0B

Dec 2022$9.7B

Mar 2023$10.5B

Jun 2023$9.8B

Sep 2023$8.8B

Dec 2023$10.6B

Mar 2024$10.7B

Jun 2024$10.4B

Sep 2024$9.5B

Dec 2024$10.0B

Mar 2025$10.0B

Jun 2025$10.3B

Sep 2025$9.9B

Dec 2025$9.7B

Mar 2026$9.5B

Jun 2026—

Lennox International Inc. · LII

Sep 2021$1.5B

Dec 2021$1.4B

Mar 2022$1.8B

Jun 2022$1.9B

Sep 2022$1.8B

Dec 2022$1.8B

Mar 2023$1.9B

Jun 2023$1.8B

Sep 2023$1.7B

Dec 2023$1.5B

Mar 2024$1.7B

Jun 2024$1.6B

Sep 2024$1.4B

Dec 2024$1.5B

Mar 2025$1.5B

Jun 2025$1.5B

Sep 2025$1.4B

Dec 2025$1.8B

Mar 2026$2.0B

Jun 2026—

Madison Air Solutions Corporation · MAIR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023$4.1B

Dec 2023$4.1B

Mar 2024—

Jun 2024—

Sep 2024$4.1B

Dec 2024$4.1B

Mar 2025—

Jun 2025—

Sep 2025$5.7B

Dec 2025$5.7B

Mar 2026$5.6B

Jun 2026—

Masco Corporation · MAS

Sep 2021$3.1B

Dec 2021$3.1B

Mar 2022$3.4B

Jun 2022$3.6B

Sep 2022$3.6B

Dec 2022$3.4B

Mar 2023$3.6B

Jun 2023$3.3B

Sep 2023$3.3B

Dec 2023$3.2B

Mar 2024$3.2B

Jun 2024$3.2B

Sep 2024$3.2B

Dec 2024$3.2B

Mar 2025$3.3B

Jun 2025$3.2B

Sep 2025$3.2B

Dec 2025$3.2B

Mar 2026$3.3B

Jun 2026—

Owens Corning · OC

Sep 2021$3.1B

Dec 2021$3.1B

Mar 2022$3.1B

Jun 2022$3.2B

Sep 2022$3.2B

Dec 2022$3.2B

Mar 2023$3.2B

Jun 2023$3.2B

Sep 2023$3.2B

Dec 2023$3.3B

Mar 2024$3.3B

Jun 2024$6.1B

Sep 2024$6.0B

Dec 2024$5.5B

Mar 2025$6.0B

Jun 2025$6.0B

Sep 2025$5.6B

Dec 2025$5.7B

Mar 2026$6.0B

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 2021$417M

Dec 2021$248M

Mar 2022—

Jun 2022$243M

Sep 2022$240M

Dec 2022$247M

Mar 2023—

Jun 2023$314M

Sep 2023$676M

Dec 2023$558M

Mar 2024$854M

Jun 2024$790M

Sep 2024$738M

Dec 2024$615M

Mar 2025$960M

Jun 2025$1.0B

Sep 2025$502M

Dec 2025$502M

Mar 2026$674M

Jun 2026—

Trane Technologies plc · TT

Sep 2021$4.8B

Dec 2021$4.8B

Mar 2022$4.8B

Jun 2022$4.8B

Sep 2022$4.8B

Dec 2022$4.8B

Mar 2023$4.8B

Jun 2023$5.0B

Sep 2023$4.8B

Dec 2023$4.8B

Mar 2024$4.9B

Jun 2024$5.3B

Sep 2024$5.3B

Dec 2024$4.8B

Mar 2025$4.8B

Jun 2025$4.6B

Sep 2025$4.6B

Dec 2025$4.6B

Mar 2026$4.6B

Jun 2026—

Net debt · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 2021$-102M

Dec 2021$37M

Mar 2022$59M

Jun 2022$88M

Sep 2022$65M

Dec 2022$65M

Mar 2023$81M

Jun 2023$51M

Sep 2023$55M

Dec 2023$29M

Mar 2024$-28M

Jun 2024$74M

Sep 2024$49M

Dec 2024$148M

Mar 2025$250M

Jun 2025$316M

Sep 2025$358M

Dec 2025$397M

Mar 2026$424M

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 2021$947M

Dec 2021$949M

Mar 2022$925M

Jun 2022$850M

Sep 2022$854M

Dec 2022$882M

Mar 2023$1.1B

Jun 2023$954M

Sep 2023$851M

Dec 2023$764M

Mar 2024$861M

Jun 2024$829M

Sep 2024$770M

Dec 2024$921M

Mar 2025$963M

Jun 2025$792M

Sep 2025$618M

Dec 2025$438M

Mar 2026$1.5B

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 2021$2.7B

Dec 2021$3.4B

Mar 2022$3.6B

Jun 2022$3.9B

Sep 2022$3.6B

Dec 2022$3.4B

Mar 2023$3.6B

Jun 2023$4.1B

Sep 2023$3.8B

Dec 2023$3.6B

Mar 2024$3.5B

Jun 2024$4.3B

Sep 2024$4.0B

Dec 2024$4.2B

Mar 2025$5.0B

Jun 2025$5.2B

Sep 2025$4.8B

Dec 2025$4.9B

Mar 2026$5.2B

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 2021$2.6B

Dec 2021$2.6B

Mar 2022$2.6B

Jun 2022$2.6B

Sep 2022$2.3B

Dec 2022$2.2B

Mar 2023$2.2B

Jun 2023$2.2B

Sep 2023$2.2B

Dec 2023$1.7B

Mar 2024$1.7B

Jun 2024$554M

Sep 2024$759M

Dec 2024$1.1B

Mar 2025$1.7B

Jun 2025$1.8B

Sep 2025$1.8B

Dec 2025$1.8B

Mar 2026$2.1B

Jun 2026—

Carrier Global Corporation · CARR

Sep 2021$7.5B

Dec 2021$7.2B

Mar 2022$5.4B

Jun 2022$6.0B

Sep 2022$6.4B

Dec 2022$5.9B

Mar 2023$6.0B

Jun 2023$6.1B

Sep 2023$5.3B

Dec 2023$4.8B

Mar 2024$16.1B

Jun 2024$10.9B

Sep 2024$10.7B

Dec 2024$8.8B

Mar 2025$9.9B

Jun 2025$10.1B

Sep 2025$10.9B

Dec 2025$10.7B

Mar 2026$11.2B

Jun 2026—

Johnson Controls International plc · JCI

Sep 2021$6.4B

Dec 2021$6.8B

Mar 2022$7.9B

Jun 2022$8.0B

Sep 2022$6.9B

Dec 2022$8.2B

Mar 2023$8.5B

Jun 2023$8.7B

Sep 2023$8.0B

Dec 2023$8.8B

Mar 2024$9.9B

Jun 2024$9.5B

Sep 2024$8.9B

Dec 2024$8.8B

Mar 2025$9.2B

Jun 2025$9.6B

Sep 2025$9.5B

Dec 2025$9.2B

Mar 2026$8.8B

Jun 2026—

Lennox International Inc. · LII

Sep 2021$1.4B

Dec 2021$1.4B

Mar 2022$1.8B

Jun 2022$1.8B

Sep 2022$1.8B

Dec 2022$1.7B

Mar 2023$1.8B

Jun 2023$1.7B

Sep 2023$1.6B

Dec 2023$1.5B

Mar 2024$1.6B

Jun 2024$1.5B

Sep 2024$1.2B

Dec 2024$1.1B

Mar 2025$1.3B

Jun 2025$1.5B

Sep 2025$1.3B

Dec 2025$1.7B

Mar 2026$1.9B

Jun 2026—

Madison Air Solutions Corporation · MAIR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023$3.8B

Dec 2023$3.8B

Mar 2024—

Jun 2024—

Sep 2024$3.7B

Dec 2024$3.7B

Mar 2025—

Jun 2025—

Sep 2025$5.4B

Dec 2025$5.4B

Mar 2026$5.4B

Jun 2026—

Masco Corporation · MAS

Sep 2021$2.3B

Dec 2021$2.2B

Mar 2022$2.9B

Jun 2022$3.2B

Sep 2022$3.1B

Dec 2022$3.0B

Mar 2023$3.1B

Jun 2023$2.9B

Sep 2023$2.7B

Dec 2023$2.6B

Mar 2024$2.9B

Jun 2024$2.8B

Sep 2024$2.5B

Dec 2024$2.5B

Mar 2025$2.9B

Jun 2025$2.8B

Sep 2025$2.6B

Dec 2025$2.5B

Mar 2026$2.9B

Jun 2026—

Owens Corning · OC

Sep 2021$2.2B

Dec 2021$2.2B

Mar 2022$2.4B

Jun 2022$2.4B

Sep 2022$2.4B

Dec 2022$2.1B

Mar 2023$2.5B

Jun 2023$2.3B

Sep 2023$1.9B

Dec 2023$1.7B

Mar 2024$2.0B

Jun 2024$5.8B

Sep 2024$5.5B

Dec 2024$5.2B

Mar 2025$5.6B

Jun 2025$5.7B

Sep 2025$5.3B

Dec 2025$5.4B

Mar 2026$5.8B

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 2021$348M

Dec 2021$-312M

Mar 2022—

Jun 2022$-20M

Sep 2022$50M

Dec 2022$64M

Mar 2023—

Jun 2023$109M

Sep 2023$589M

Dec 2023$459M

Mar 2024$753M

Jun 2024$662M

Sep 2024$613M

Dec 2024$458M

Mar 2025$782M

Jun 2025$886M

Sep 2025$273M

Dec 2025$138M

Mar 2026$517M

Jun 2026—

Trane Technologies plc · TT

Sep 2021$2.1B

Dec 2021$2.7B

Mar 2022$3.5B

Jun 2022$3.7B

Sep 2022$3.8B

Dec 2022$3.6B

Mar 2023$4.1B

Jun 2023$4.4B

Sep 2023$3.9B

Dec 2023$3.7B

Mar 2024$4.0B

Jun 2024$3.9B

Sep 2024$3.3B

Dec 2024$3.2B

Mar 2025$3.9B

Jun 2025$3.8B

Sep 2025$3.5B

Dec 2025$2.9B

Mar 2026$3.5B

Jun 2026—

06 · compare level, then change

Return On Capital Employed

Masco Corporation has the highest ROCE among the 29 Building Products & Equipment companies compared here, at 8.9%. Trex Company, Inc. is next at 7.6%. Aspen Aerogels, Inc. has the highest ROCE change at +48.8 percentage points, so level and change sit with different companies. 29 of 29 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Masco Corporation leads ROCE at 8.9%, 1.3 percentage points above Trex Company, Inc.. Aspen Aerogels, Inc. has the strongest latest improvement at +48.8 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderMasco Corporation · 8.9%

Gap17.1% versus #2 · Trex Company, Inc.

Persistence3/8 recent comparable periods

Coverage29/29 companies · 526 observations

Investor read: Masco Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1Masco Corporation MAS8.9%

2Trex Company, Inc. TREX7.6%

3Lennox International Inc. LII6.3%

4Armstrong World Industries, Inc. AWI5.6%

5Trane Technologies plc TT5.3%

ROCE changefastest improvers

1Aspen Aerogels, Inc. ASPN+48.8 pp

2Arlo Technologies, Inc. ARLO+6.2 pp

3JELD-WEN Holding, Inc. JELD+5.8 pp

4Apogee Enterprises, Inc. APOG+1.2 pp

5Masco Corporation MAS+1.0 pp

Return on capital · company comparison

29/29 level · 29/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	ROCE	ROCE change	Reported
Masco Corporation MAS	8.9%	+1.0 pp	Mar 2026
Trex Company, Inc. TREX	7.6%	−0.7 pp	Mar 2026
Lennox International Inc. LII	6.3%	−2.0 pp	Mar 2026
Armstrong World Industries, Inc. AWI	5.6%	−0.7 pp	Mar 2026
Trane Technologies plc TT	5.3%	−0.8 pp	Mar 2026
Arlo Technologies, Inc. ARLO	5.0%	+6.2 pp	Mar 2026
Griffon Corporation GFF	4.8%	+0.3 pp	Mar 2026
AAON, Inc. AAON	4.5%	+0.8 pp	Mar 2026
Madison Air Solutions Corporation MAIR	4.0%	0.0 pp	Mar 2026
NPK International Inc. NPKI	3.9%	+0.8 pp	Mar 2026
Carlisle Companies Incorporated CSL	3.5%	−0.1 pp	Mar 2026
Perma-Pipe International Holdings, Inc. PPIH	3.4%	−4.0 pp	Jun 2026
SPX Technologies, Inc. SPXC	2.9%	+0.1 pp	Mar 2026
Johnson Controls International plc JCI	2.8%	+0.9 pp	Mar 2026
Apogee Enterprises, Inc. APOG	2.1%	+1.2 pp	Jun 2026
Advanced Drainage Systems, Inc. WMS	1.5%	−2.3 pp	Mar 2026
Louisiana-Pacific Corporation LPX	1.5%	−3.8 pp	Mar 2026
Owens Corning OC	1.1%	−2.9 pp	Mar 2026
Fortune Brands Innovations, Inc. FBIN	1.1%	−0.7 pp	Mar 2026
Janus International Group, Inc. JBI	1.1%	−2.0 pp	Jun 2026
Quanex Building Products Corporation NX	1.0%	−1.9 pp	Jun 2026
Carrier Global Corporation CARR	0.9%	−1.1 pp	Mar 2026
Limbach Holdings, Inc. LMB	0.5%	−3.8 pp	Mar 2026
Builders FirstSource, Inc. BLDR	0.2%	−1.7 pp	Mar 2026
Gibraltar Industries, Inc. ROCK	-0.3%	−2.9 pp	Mar 2026
Latham Group, Inc. SWIM	-0.9%	−0.2 pp	Mar 2026
AirJoule Technologies Corporation AIRJ	-1.1%	−0.2 pp	Mar 2026
JELD-WEN Holding, Inc. JELD	-3.3%	+5.8 pp	Mar 2026
Aspen Aerogels, Inc. ASPN	-5.2%	+48.8 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 20214.9%

Dec 20211.1%

Mar 20224.5%

Jun 20223.8%

Sep 20226.8%

Dec 20227.6%

Mar 20236.6%

Jun 20237.7%

Sep 20238.9%

Dec 20238.6%

Mar 20246.0%

Jun 20248.2%

Sep 20247.7%

Dec 20243.2%

Mar 20253.7%

Jun 20252.3%

Sep 20254.0%

Dec 20253.7%

Mar 20264.5%

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 20215.3%

Dec 20215.2%

Mar 20223.7%

Jun 202211%

Sep 20229.0%

Dec 20225.2%

Mar 20235.3%

Jun 20239.2%

Sep 20237.3%

Dec 20235.7%

Mar 20245.1%

Jun 20248.1%

Sep 20246.5%

Dec 20244.3%

Mar 20253.8%

Jun 20256.4%

Sep 20256.7%

Dec 20253.9%

Mar 20261.5%

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 202114%

Dec 202111%

Mar 202210%

Jun 202215%

Sep 202211%

Dec 20226.1%

Mar 20235.2%

Jun 20236.3%

Sep 20237.1%

Dec 20235.6%

Mar 20244.1%

Jun 20245.6%

Sep 20244.9%

Dec 20243.5%

Mar 20251.9%

Jun 20253.4%

Sep 20252.5%

Dec 20250.7%

Mar 20260.2%

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 20212.9%

Dec 20213.3%

Mar 20224.9%

Jun 20227.1%

Sep 20225.2%

Dec 20223.4%

Mar 20232.0%

Jun 20235.0%

Sep 20234.9%

Dec 20234.4%

Mar 20243.9%

Jun 20246.4%

Sep 20245.6%

Dec 20244.2%

Mar 20253.6%

Jun 20256.4%

Sep 20255.3%

Dec 20253.6%

Mar 20263.5%

Jun 2026—

Carrier Global Corporation · CARR

Sep 20214.1%

Dec 20212.3%

Mar 20229.0%

Jun 20224.3%

Sep 20227.8%

Dec 20222.2%

Mar 20232.8%

Jun 20232.6%

Sep 20232.6%

Dec 20232.3%

Mar 20241.5%

Jun 20242.9%

Sep 20243.1%

Dec 20242.8%

Mar 20252.0%

Jun 20253.0%

Sep 20251.8%

Dec 20250.3%

Mar 20260.9%

Jun 2026—

Johnson Controls International plc · JCI

Sep 202111%

Dec 202110%

Mar 202212%

Jun 202212%

Sep 202213%

Dec 20220.6%

Mar 20230.8%

Jun 20232.6%

Sep 20231.5%

Dec 20231.3%

Mar 2024-1.3%

Jun 20243.6%

Sep 20242.5%

Dec 20241.6%

Mar 20251.9%

Jun 20252.5%

Sep 20251.5%

Dec 20252.6%

Mar 20262.8%

Jun 2026—

Lennox International Inc. · LII

Sep 202114%

Dec 20217.3%

Mar 20227.9%

Jun 202216%

Sep 202214%

Dec 202211%

Mar 20239.8%

Jun 202319%

Sep 202311%

Dec 202314%

Mar 202411%

Jun 202419%

Sep 202417%

Dec 202412%

Mar 20258.3%

Jun 202516%

Sep 202514%

Dec 20258.5%

Mar 20266.3%

Jun 2026—

Madison Air Solutions Corporation · MAIR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20230.0%

Dec 20230.0%

Mar 2024—

Jun 2024—

Sep 20240.0%

Dec 20240.0%

Mar 2025—

Jun 2025—

Sep 20250.0%

Dec 20250.0%

Mar 20264.0%

Jun 2026—

Masco Corporation · MAS

Sep 202110%

Dec 20215.8%

Mar 20229.7%

Jun 202212%

Sep 202210%

Dec 20225.3%

Mar 20239.2%

Jun 202312%

Sep 202311%

Dec 20237.1%

Mar 20248.9%

Jun 202411%

Sep 20249.7%

Dec 20248.1%

Mar 20257.9%

Jun 202511%

Sep 20258.2%

Dec 20257.0%

Mar 20268.9%

Jun 2026—

Owens Corning · OC

Sep 20214.8%

Dec 20214.0%

Mar 20225.4%

Jun 20225.8%

Sep 20227.2%

Dec 20222.1%

Mar 20236.2%

Jun 20235.5%

Sep 20235.2%

Dec 20232.1%

Mar 20244.2%

Jun 20243.9%

Sep 20244.4%

Dec 20242.1%

Mar 20254.0%

Jun 20254.2%

Sep 2025-2.8%

Dec 2025-2.0%

Mar 20261.1%

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 2021—

Dec 20211.0%

Mar 2022—

Jun 20220.6%

Sep 20221.4%

Dec 20221.8%

Mar 2023—

Jun 20232.6%

Sep 20232.5%

Dec 20233.5%

Mar 20243.5%

Jun 20243.6%

Sep 20243.6%

Dec 20244.2%

Mar 20252.8%

Jun 20253.5%

Sep 20253.6%

Dec 20253.7%

Mar 20262.9%

Jun 2026—

Trane Technologies plc · TT

Sep 20214.2%

Dec 20213.2%

Mar 20222.9%

Jun 20225.5%

Sep 20225.7%

Dec 20224.5%

Mar 20233.5%

Jun 20237.0%

Sep 20236.7%

Dec 20235.3%

Mar 20244.8%

Jun 20247.7%

Sep 20247.3%

Dec 20245.9%

Mar 20256.1%

Jun 20258.4%

Sep 20258.0%

Dec 20255.6%

Mar 20265.3%

Jun 2026—

ROCE change · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.9 pp

Dec 2022+6.5 pp

Mar 2023+2.1 pp

Jun 2023+3.9 pp

Sep 2023+2.1 pp

Dec 2023+1.0 pp

Mar 2024−0.6 pp

Jun 2024+0.5 pp

Sep 2024−1.2 pp

Dec 2024−5.4 pp

Mar 2025−2.3 pp

Jun 2025−5.9 pp

Sep 2025−3.7 pp

Dec 2025+0.5 pp

Mar 2026+0.8 pp

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+3.7 pp

Dec 20220.0 pp

Mar 2023+1.6 pp

Jun 2023−1.3 pp

Sep 2023−1.7 pp

Dec 2023+0.5 pp

Mar 2024−0.2 pp

Jun 2024−1.1 pp

Sep 2024−0.8 pp

Dec 2024−1.4 pp

Mar 2025−1.3 pp

Jun 2025−1.7 pp

Sep 2025+0.2 pp

Dec 2025−0.4 pp

Mar 2026−2.3 pp

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−3.0 pp

Dec 2022−4.5 pp

Mar 2023−5.0 pp

Jun 2023−8.9 pp

Sep 2023−4.2 pp

Dec 2023−0.5 pp

Mar 2024−1.1 pp

Jun 2024−0.7 pp

Sep 2024−2.2 pp

Dec 2024−2.1 pp

Mar 2025−2.2 pp

Jun 2025−2.2 pp

Sep 2025−2.4 pp

Dec 2025−2.8 pp

Mar 2026−1.7 pp

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.3 pp

Dec 2022+0.1 pp

Mar 2023−2.9 pp

Jun 2023−2.1 pp

Sep 2023−0.3 pp

Dec 2023+1.0 pp

Mar 2024+1.9 pp

Jun 2024+1.4 pp

Sep 2024+0.7 pp

Dec 2024−0.2 pp

Mar 2025−0.3 pp

Jun 20250.0 pp

Sep 2025−0.3 pp

Dec 2025−0.6 pp

Mar 2026−0.1 pp

Jun 2026—

Carrier Global Corporation · CARR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+3.7 pp

Dec 2022−0.1 pp

Mar 2023−6.2 pp

Jun 2023−1.7 pp

Sep 2023−5.2 pp

Dec 2023+0.1 pp

Mar 2024−1.3 pp

Jun 2024+0.3 pp

Sep 2024+0.5 pp

Dec 2024+0.5 pp

Mar 2025+0.5 pp

Jun 2025+0.1 pp

Sep 2025−1.3 pp

Dec 2025−2.5 pp

Mar 2026−1.1 pp

Jun 2026—

Johnson Controls International plc · JCI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.5 pp

Dec 2022−9.6 pp

Mar 2023−11.1 pp

Jun 2023−9.8 pp

Sep 2023−11.0 pp

Dec 2023+0.7 pp

Mar 2024−2.1 pp

Jun 2024+1.0 pp

Sep 2024+1.0 pp

Dec 2024+0.3 pp

Mar 2025+3.2 pp

Jun 2025−1.1 pp

Sep 2025−1.0 pp

Dec 2025+1.0 pp

Mar 2026+0.9 pp

Jun 2026—

Lennox International Inc. · LII

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.5 pp

Dec 2022+4.1 pp

Mar 2023+1.9 pp

Jun 2023+3.0 pp

Sep 2023−2.5 pp

Dec 2023+2.2 pp

Mar 2024+0.9 pp

Jun 2024+0.1 pp

Sep 2024+5.5 pp

Dec 2024−1.4 pp

Mar 2025−2.4 pp

Jun 2025−2.8 pp

Sep 2025−2.6 pp

Dec 2025−3.7 pp

Mar 2026−2.0 pp

Jun 2026—

Madison Air Solutions Corporation · MAIR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20240.0 pp

Dec 20240.0 pp

Mar 2025—

Jun 2025—

Sep 20250.0 pp

Dec 20250.0 pp

Mar 2026—

Jun 2026—

Masco Corporation · MAS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20220.0 pp

Dec 2022−0.5 pp

Mar 2023−0.5 pp

Jun 20230.0 pp

Sep 2023+0.9 pp

Dec 2023+1.8 pp

Mar 2024−0.3 pp

Jun 2024−1.4 pp

Sep 2024−1.4 pp

Dec 2024+1.0 pp

Mar 2025−1.0 pp

Jun 2025+0.2 pp

Sep 2025−1.5 pp

Dec 2025−1.1 pp

Mar 2026+1.0 pp

Jun 2026—

Owens Corning · OC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.4 pp

Dec 2022−1.9 pp

Mar 2023+0.8 pp

Jun 2023−0.3 pp

Sep 2023−2.0 pp

Dec 20230.0 pp

Mar 2024−2.0 pp

Jun 2024−1.6 pp

Sep 2024−0.8 pp

Dec 20240.0 pp

Mar 2025−0.2 pp

Jun 2025+0.3 pp

Sep 2025−7.2 pp

Dec 2025−4.1 pp

Mar 2026−2.9 pp

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+0.8 pp

Mar 2023—

Jun 2023+2.0 pp

Sep 2023+1.1 pp

Dec 2023+1.7 pp

Mar 2024—

Jun 2024+1.0 pp

Sep 2024+1.1 pp

Dec 2024+0.7 pp

Mar 2025−0.7 pp

Jun 2025−0.1 pp

Sep 20250.0 pp

Dec 2025−0.5 pp

Mar 2026+0.1 pp

Jun 2026—

Trane Technologies plc · TT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.5 pp

Dec 2022+1.3 pp

Mar 2023+0.6 pp

Jun 2023+1.5 pp

Sep 2023+1.0 pp

Dec 2023+0.8 pp

Mar 2024+1.3 pp

Jun 2024+0.7 pp

Sep 2024+0.6 pp

Dec 2024+0.6 pp

Mar 2025+1.3 pp

Jun 2025+0.7 pp

Sep 2025+0.7 pp

Dec 2025−0.3 pp

Mar 2026−0.8 pp

Jun 2026—

07 · compare level, then change

Valuation Against Growth & Quality

Builders FirstSource, Inc. has the lowest Guarded PEG among the 29 Building Products & Equipment companies compared here, at 0.14×. Louisiana-Pacific Corporation is next at 0.28×. AirJoule Technologies Corporation has the lowest P/E at 8.74×, so level and change sit with different companies. 20 of 29 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Builders FirstSource, Inc. has the lowest comparable Guarded PEG at 0.14×, 50% below Louisiana-Pacific Corporation. Only 20 of 29 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderBuilders FirstSource, Inc. · 0.14×

Gap50% versus #2 · Louisiana-Pacific Corporation

Persistence0/8 recent comparable periods

Coverage20/29 companies · 103 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

Guarded PEGlowest PEG

1Builders FirstSource, Inc. BLDR0.1

2Louisiana-Pacific Corporation LPX0.3

3Apogee Enterprises, Inc. APOG0.3

4Johnson Controls International plc JCI0.5

5Griffon Corporation GFF0.5

P/Elowest P/E

1AirJoule Technologies Corporation AIRJ8.7

2Apogee Enterprises, Inc. APOG12.0

3Masco Corporation MAS15.0

4Janus International Group, Inc. JBI15.9

5Fortune Brands Innovations, Inc. FBIN17.0

Valuation · company comparison

20/29 level · 28/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Guarded PEG	P/E	Reported
Advanced Drainage Systems, Inc. WMS	4.4	25.2	Mar 2026
Trane Technologies plc TT	4.3	32.2	Mar 2026
AAON, Inc. AAON	4.2	57.9	Mar 2026
SPX Technologies, Inc. SPXC	2.1	39.1	Mar 2026
Perma-Pipe International Holdings, Inc. PPIH	2.0	19.3	Jun 2026
Trex Company, Inc. TREX	2.0	20.4	Mar 2026
NPK International Inc. NPKI	2.0	31.5	Mar 2026
Armstrong World Industries, Inc. AWI	1.8	23.4	Mar 2026
Carlisle Companies Incorporated CSL	1.7	19.6	Mar 2026
Lennox International Inc. LII	1.5	20.9	Mar 2026
Quanex Building Products Corporation NX	1.5	27.9	Jun 2026
Masco Corporation MAS	1.5	15.0	Mar 2026
Limbach Holdings, Inc. LMB	0.9	28.4	Mar 2026
Fortune Brands Innovations, Inc. FBIN	0.9	17.0	Mar 2026
Gibraltar Industries, Inc. ROCK	0.9	314.0	Mar 2026
Carrier Global Corporation CARR	0.7	37.1	Mar 2026
Griffon Corporation GFF	0.5	559.1	Mar 2026
Johnson Controls International plc JCI	0.5	23.4	Mar 2026
Owens Corning OC	0.4	35.7	Mar 2026
Apogee Enterprises, Inc. APOG	0.3	12.0	Jun 2026
Louisiana-Pacific Corporation LPX	0.3	62.2	Mar 2026
Builders FirstSource, Inc. BLDR	0.1	31.5	Mar 2026
Arlo Technologies, Inc. ARLO	—	47.8	Mar 2026
Janus International Group, Inc. JBI	—	15.9	Jun 2026
Latham Group, Inc. SWIM	—	75.6	Mar 2026
Aspen Aerogels, Inc. ASPN	—	69.9	Mar 2026
AirJoule Technologies Corporation AIRJ	—	8.7	Mar 2026
JELD-WEN Holding, Inc. JELD	—	57.4	Mar 2026

Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Showing the 12 largest of 22 companies with a series here. The remaining 10 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20240.9

Jun 20241.7

Sep 20244.2

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20230.6

Sep 20232.0

Dec 20231.7

Mar 20244.4

Jun 2024—

Sep 20244.4

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Armstrong World Industries, Inc. · AWI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.7

Jun 20231.0

Sep 20230.7

Dec 20231.2

Mar 20241.1

Jun 20241.1

Sep 20241.8

Dec 20241.1

Mar 20251.3

Jun 20251.0

Sep 20251.2

Dec 20251.6

Mar 20261.8

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20230.1

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20230.3

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20242.1

Jun 20240.7

Sep 20240.6

Dec 20240.5

Mar 20251.7

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Carrier Global Corporation · CARR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20240.4

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20250.7

Sep 20250.7

Dec 2025—

Mar 2026—

Jun 2026—

Johnson Controls International plc · JCI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.9

Jun 2023—

Sep 20230.9

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20250.4

Jun 20250.8

Sep 2025—

Dec 2025—

Mar 20260.5

Jun 2026—

Lennox International Inc. · LII

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.2

Jun 20231.1

Sep 20232.0

Dec 20231.4

Mar 20241.4

Jun 20241.8

Sep 20240.7

Dec 20240.7

Mar 20250.8

Jun 20250.8

Sep 20251.5

Dec 2025—

Mar 2026—

Jun 2026—

Masco Corporation · MAS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20230.3

Jun 2023—

Sep 2023—

Dec 20231.6

Mar 20241.3

Jun 20241.1

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 20261.5

Jun 2026—

Owens Corning · OC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20230.2

Jun 20230.4

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20251.1

Jun 20251.2

Sep 20251.6

Dec 20252.3

Mar 20262.1

Jun 2026—

Trane Technologies plc · TT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20230.8

Jun 20230.8

Sep 20231.1

Dec 20231.6

Mar 20241.5

Jun 20241.3

Sep 20241.3

Dec 20241.2

Mar 20251.0

Jun 20251.4

Sep 20251.6

Dec 20252.0

Mar 20264.3

Jun 2026—

P/E · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 202149.5

Dec 202172.5

Mar 202250.2

Jun 202253.2

Sep 202243.1

Dec 202240.5

Mar 202344.5

Jun 202335.1

Sep 202327.9

Dec 202334.7

Mar 202441.0

Jun 202439.3

Sep 202447.5

Dec 202458.3

Mar 202541.1

Jun 202550.2

Sep 202577.2

Dec 202559.1

Mar 202657.9

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 202141.6

Dec 202147.9

Mar 202237.7

Jun 202220.0

Sep 202223.0

Dec 202214.8

Mar 202313.9

Jun 202318.9

Sep 202319.2

Dec 202322.4

Mar 202426.7

Jun 202425.4

Sep 202425.0

Dec 202419.3

Mar 202518.9

Jun 202520.7

Sep 202523.7

Dec 202524.1

Mar 202625.2

Jun 2026—

Armstrong World Industries, Inc. · AWI

Sep 202127.7

Dec 202130.1

Mar 202222.4

Jun 202218.8

Sep 202219.3

Dec 202216.0

Mar 202316.2

Jun 202315.9

Sep 202314.4

Dec 202319.7

Mar 202423.4

Jun 202420.7

Sep 202423.2

Dec 202423.5

Mar 202522.5

Jun 202524.0

Sep 202528.0

Dec 202527.0

Mar 202623.4

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 20217.0

Dec 202110.1

Mar 20225.7

Jun 20223.7

Sep 20223.6

Dec 20223.9

Mar 20235.7

Jun 202310.4

Sep 202310.4

Dec 202314.0

Mar 202417.9

Jun 202412.2

Sep 202418.9

Dec 202415.8

Mar 202516.0

Jun 202517.7

Sep 202523.1

Dec 202526.5

Mar 202631.5

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 202131.5

Dec 202134.3

Mar 202224.7

Jun 202217.4

Sep 202217.5

Dec 202214.5

Mar 202315.6

Jun 202319.2

Sep 202319.5

Dec 202320.6

Mar 202424.2

Jun 202422.9

Sep 202424.1

Dec 202413.3

Mar 202518.9

Jun 202520.8

Sep 202518.7

Dec 202518.7

Mar 202619.6

Jun 2026—

Carrier Global Corporation · CARR

Sep 202120.6

Dec 202129.0

Mar 202215.2

Jun 202211.4

Sep 20228.6

Dec 202210.1

Mar 202315.5

Jun 202319.7

Sep 202339.2

Dec 202336.4

Mar 202443.7

Jun 202417.3

Sep 202421.6

Dec 202411.1

Mar 202510.0

Jun 202516.4

Sep 202513.4

Dec 202530.7

Mar 202637.1

Jun 2026—

Johnson Controls International plc · JCI

Sep 202130.0

Dec 202137.0

Mar 202237.7

Jun 202232.1

Sep 202222.5

Dec 202234.8

Mar 202330.0

Jun 202322.8

Sep 202319.8

Dec 202318.8

Mar 202426.5

Jun 202427.8

Sep 202430.8

Dec 202430.1

Mar 202521.4

Jun 202531.3

Sep 202521.9

Dec 202522.6

Mar 202623.4

Jun 2026—

Lennox International Inc. · LII

Sep 202122.6

Dec 202126.2

Mar 202220.7

Jun 202216.0

Sep 202216.5

Dec 202217.2

Mar 202317.5

Jun 202321.1

Sep 202324.7

Dec 202327.0

Mar 202428.3

Jun 202429.7

Sep 202428.7

Dec 202426.9

Mar 202524.6

Jun 202524.1

Sep 202522.0

Dec 202521.3

Mar 202620.9

Jun 2026—

Masco Corporation · MAS

Sep 202130.5

Dec 202143.4

Mar 202222.5

Jun 202214.1

Sep 202212.7

Dec 202212.9

Mar 202314.0

Jun 202316.2

Sep 202314.6

Dec 202316.7

Mar 202419.3

Jun 202416.3

Sep 202422.3

Dec 202419.3

Mar 202519.0

Jun 202517.1

Sep 202518.1

Dec 202516.4

Mar 202615.0

Jun 2026—

Owens Corning · OC

Sep 20219.1

Dec 20219.5

Mar 20228.7

Jun 20226.6

Sep 20225.8

Dec 20226.7

Mar 20236.9

Jun 20239.3

Sep 202310.5

Dec 202311.3

Mar 202413.5

Jun 202414.7

Sep 202415.0

Dec 202423.1

Mar 202550.3

Jun 202535.7

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 2021—

Dec 20215.9

Mar 2022—

Jun 20225.7

Sep 20226.8

Dec 202266.5

Mar 2023—

Jun 202383.0

Sep 202370.2

Dec 202352.3

Mar 202460.1

Jun 202464.0

Sep 202442.5

Dec 202434.2

Mar 202530.0

Jun 202537.4

Sep 202539.1

Dec 202539.8

Mar 202639.1

Jun 2026—

Trane Technologies plc · TT

Sep 202131.0

Dec 202134.4

Mar 202225.4

Jun 202220.8

Sep 202220.9

Dec 202222.5

Mar 202323.8

Jun 202323.6

Sep 202323.9

Dec 202327.8

Mar 202432.1

Jun 202432.5

Sep 202436.1

Dec 202432.9

Mar 202528.0

Jun 202534.7

Sep 202532.5

Dec 202530.0

Mar 202632.2

Jun 2026—

08 · compare level, then change

Enterprise Value & Book Value

Apogee Enterprises, Inc. has the lowest EV/EBITDA among the 29 Building Products & Equipment companies compared here, at 7.31×. Janus International Group, Inc. is next at 7.38×. AirJoule Technologies Corporation has the lowest P/BV at 0.71×, so level and change sit with different companies. 27 of 29 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Apogee Enterprises, Inc. leads ev/ebitda at 7.31×; AirJoule Technologies Corporation leads p/bv at 0.71×.

LeaderApogee Enterprises, Inc. · 7.31×

Gap0.9% versus #2 · Janus International Group, Inc.

Persistence0/8 recent comparable periods

Coverage27/29 companies · 444 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

EV/EBITDAlowest EV/EBITDA

1Apogee Enterprises, Inc. APOG7.3

2Janus International Group, Inc. JBI7.4

3Griffon Corporation GFF9.1

4Perma-Pipe International Holdings, Inc. PPIH9.8

5Fortune Brands Innovations, Inc. FBIN11.0

P/BVlowest P/BV

1AirJoule Technologies Corporation AIRJ0.7

2Janus International Group, Inc. JBI1.2

3Quanex Building Products Corporation NX1.3

4Aspen Aerogels, Inc. ASPN1.3

5Gibraltar Industries, Inc. ROCK1.3

Enterprise and book valuation · company comparison

27/29 level · 27/29 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	EV/EBITDA	P/BV	Reported
Arlo Technologies, Inc. ARLO	65.5	9.2	Mar 2026
JELD-WEN Holding, Inc. JELD	32.9	8.1	Mar 2026
AAON, Inc. AAON	28.8	7.3	Mar 2026
Johnson Controls International plc JCI	24.8	5.9	Mar 2026
Trane Technologies plc TT	22.3	10.7	Mar 2026
Gibraltar Industries, Inc. ROCK	21.4	1.3	Mar 2026
SPX Technologies, Inc. SPXC	21.1	4.4	Mar 2026
Louisiana-Pacific Corporation LPX	19.6	2.9	Mar 2026
Carrier Global Corporation CARR	18.9	3.5	Mar 2026
Owens Corning OC	18.5	2.4	Mar 2026
Armstrong World Industries, Inc. AWI	16.5	7.9	Mar 2026
NPK International Inc. NPKI	16.4	3.4	Mar 2026
Limbach Holdings, Inc. LMB	16.2	4.7	Mar 2026
Lennox International Inc. LII	15.7	13.3	Mar 2026
Advanced Drainage Systems, Inc. WMS	13.9	5.4	Mar 2026
Carlisle Companies Incorporated CSL	13.1	8.2	Mar 2026
Trex Company, Inc. TREX	12.9	3.8	Mar 2026
Aspen Aerogels, Inc. ASPN	12.3	1.3	Mar 2026
Masco Corporation MAS	12.0	-50.3	Mar 2026
Builders FirstSource, Inc. BLDR	11.6	2.2	Mar 2026
Latham Group, Inc. SWIM	11.6	1.6	Mar 2026
Quanex Building Products Corporation NX	11.4	1.3	Jun 2026
Fortune Brands Innovations, Inc. FBIN	11.0	1.9	Mar 2026
Perma-Pipe International Holdings, Inc. PPIH	9.8	2.9	Jun 2026
Griffon Corporation GFF	9.1	47.3	Mar 2026
Janus International Group, Inc. JBI	7.4	1.2	Jun 2026
Apogee Enterprises, Inc. APOG	7.3	1.6	Jun 2026
AirJoule Technologies Corporation AIRJ	—	0.7	Mar 2026

Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 202128.0

Dec 202142.2

Mar 202229.1

Jun 202229.7

Sep 202224.6

Dec 202225.2

Mar 202328.5

Jun 202323.4

Sep 202318.5

Dec 202322.1

Mar 202425.7

Jun 202424.1

Sep 202429.2

Dec 202435.8

Mar 202524.9

Jun 202527.8

Sep 202538.3

Dec 202529.4

Mar 202628.8

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 202119.0

Dec 202122.4

Mar 202217.6

Jun 202212.9

Sep 202214.1

Dec 20229.4

Mar 20239.2

Jun 202311.7

Sep 202311.8

Dec 202313.6

Mar 202416.2

Jun 202415.4

Sep 202415.0

Dec 202411.7

Mar 202511.3

Jun 202511.9

Sep 202513.1

Dec 202512.5

Mar 202613.9

Jun 2026—

Armstrong World Industries, Inc. · AWI

Sep 202114.8

Dec 202117.0

Mar 202213.4

Jun 202211.8

Sep 202212.2

Dec 202210.2

Mar 202310.4

Jun 202310.1

Sep 20239.1

Dec 202310.2

Mar 202414.7

Jun 202413.3

Sep 202414.5

Dec 202412.1

Mar 202515.1

Jun 202517.1

Sep 202519.7

Dec 202514.8

Mar 202616.5

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 20215.3

Dec 20216.4

Mar 20224.3

Jun 20223.0

Sep 20222.8

Dec 20222.9

Mar 20233.9

Jun 20236.8

Sep 20236.9

Dec 20238.8

Mar 202411.0

Jun 20248.0

Sep 202411.2

Dec 20249.5

Mar 20259.7

Jun 202510.1

Sep 202511.3

Dec 202511.8

Mar 202611.6

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 202118.1

Dec 202119.4

Mar 202215.3

Jun 202211.6

Sep 202211.6

Dec 20229.8

Mar 202310.5

Jun 202312.5

Sep 202312.7

Dec 202314.0

Mar 202416.1

Jun 202414.6

Sep 202415.9

Dec 202413.3

Mar 202512.8

Jun 202514.2

Sep 202512.7

Dec 202512.4

Mar 202613.1

Jun 2026—

Carrier Global Corporation · CARR

Sep 202114.0

Dec 202118.2

Mar 202210.8

Jun 20228.7

Sep 20227.5

Dec 20229.4

Mar 202311.8

Jun 202313.7

Sep 202320.7

Dec 202320.1

Mar 202426.2

Jun 202422.5

Sep 202424.0

Dec 202417.8

Mar 202515.7

Jun 202516.8

Sep 202515.1

Dec 202516.0

Mar 202618.9

Jun 2026—

Johnson Controls International plc · JCI

Sep 202116.4

Dec 20214.4

Mar 20223.6

Jun 20222.7

Sep 202220.7

Dec 20224.2

Mar 20235.6

Jun 20239.3

Sep 202321.5

Dec 202318.1

Mar 202425.8

Jun 202422.6

Sep 202422.6

Dec 202422.1

Mar 202516.9

Jun 202523.5

Sep 202524.4

Dec 202524.3

Mar 202624.8

Jun 2026—

Lennox International Inc. · LII

Sep 202117.3

Dec 202120.1

Mar 202217.4

Jun 202213.6

Sep 202213.9

Dec 202213.9

Mar 202313.7

Jun 202316.4

Sep 202318.1

Dec 202321.4

Mar 202420.9

Jun 202421.5

Sep 202421.2

Dec 202420.2

Mar 202518.6

Jun 202518.4

Sep 202516.7

Dec 202516.4

Mar 202615.7

Jun 2026—

Masco Corporation · MAS

Sep 202110.8

Dec 202112.5

Mar 202210.9

Jun 202210.9

Sep 202210.4

Dec 20229.5

Mar 202311.6

Jun 202312.8

Sep 202311.6

Dec 202311.8

Mar 202415.2

Jun 202413.1

Sep 202415.8

Dec 202412.0

Mar 202513.4

Jun 202512.3

Sep 202513.5

Dec 202511.3

Mar 202612.0

Jun 2026—

Owens Corning · OC

Sep 20215.7

Dec 20215.8

Mar 20225.4

Jun 20224.4

Sep 20224.1

Dec 20224.4

Mar 20234.8

Jun 20235.9

Sep 20236.3

Dec 20237.0

Mar 20247.8

Jun 202410.2

Sep 20249.9

Dec 20249.2

Mar 20258.0

Jun 20257.5

Sep 202511.3

Dec 202513.6

Mar 202618.5

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 2021—

Dec 202115.4

Mar 2022—

Jun 202221.1

Sep 202220.9

Dec 202218.7

Mar 2023—

Jun 202320.8

Sep 202323.7

Dec 202317.8

Mar 202423.7

Jun 202423.9

Sep 202421.8

Dec 202418.0

Mar 202516.7

Jun 202520.3

Sep 202520.6

Dec 202521.4

Mar 202621.1

Jun 2026—

Trane Technologies plc · TT

Sep 202119.0

Dec 202121.6

Mar 202216.6

Jun 202214.1

Sep 202214.4

Dec 202215.4

Mar 202316.5

Jun 202316.0

Sep 202316.1

Dec 202318.2

Mar 202421.1

Jun 202421.9

Sep 202424.2

Dec 202422.2

Mar 202519.5

Jun 202524.1

Sep 202522.5

Dec 202520.5

Mar 202622.3

Jun 2026—

P/BV · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AAON, Inc. · AAON

Sep 20218.6

Dec 20219.0

Mar 20226.2

Jun 20225.9

Sep 20225.5

Dec 20227.2

Mar 20238.6

Jun 20237.8

Sep 20236.8

Dec 20238.2

Mar 20249.2

Jun 20249.5

Sep 202411.0

Dec 202411.6

Mar 20257.8

Jun 20257.2

Sep 20258.8

Dec 20257.0

Mar 20267.3

Jun 2026—

Advanced Drainage Systems, Inc. · WMS

Sep 202111.4

Dec 202112.7

Mar 20229.6

Jun 20228.0

Sep 202210.0

Dec 20227.1

Mar 20238.1

Jun 20239.5

Sep 20238.7

Dec 202310.1

Mar 202411.6

Jun 20249.9

Sep 20248.9

Dec 20246.2

Mar 20255.5

Jun 20255.3

Sep 20255.9

Dec 20255.5

Mar 20265.4

Jun 2026—

Armstrong World Industries, Inc. · AWI

Sep 20218.7

Dec 202110.6

Mar 20227.9

Jun 20226.6

Sep 20227.0

Dec 20225.8

Mar 20235.9

Jun 20235.8

Sep 20235.5

Dec 20237.3

Mar 20248.7

Jun 20247.4

Sep 20248.0

Dec 20248.1

Mar 20257.7

Jun 20258.4

Sep 20259.5

Dec 20259.1

Mar 20267.9

Jun 2026—

Builders FirstSource, Inc. · BLDR

Sep 20211.8

Dec 20213.2

Mar 20222.2

Jun 20221.7

Sep 20221.7

Dec 20221.8

Mar 20232.5

Jun 20233.9

Sep 20233.4

Dec 20234.3

Mar 20245.1

Jun 20243.7

Sep 20245.0

Dec 20243.8

Mar 20253.3

Jun 20253.1

Sep 20253.1

Dec 20252.6

Mar 20262.2

Jun 2026—

Carlisle Companies Incorporated · CSL

Sep 20214.1

Dec 20214.9

Mar 20224.7

Jun 20224.3

Sep 20224.8

Dec 20224.0

Mar 20233.8

Jun 20234.2

Sep 20234.3

Dec 20235.3

Mar 20246.5

Jun 20246.3

Sep 20247.4

Dec 20246.7

Mar 20256.8

Jun 20257.5

Sep 20256.9

Dec 20257.3

Mar 20268.2

Jun 2026—

Carrier Global Corporation · CARR

Sep 20216.5

Dec 20216.9

Mar 20225.5

Jun 20224.5

Sep 20224.2

Dec 20224.4

Mar 20234.7

Jun 20235.2

Sep 20235.7

Dec 20235.6

Mar 20244.5

Jun 20244.1

Sep 20244.9

Dec 20244.3

Mar 20253.9

Jun 20254.2

Sep 20253.5

Dec 20253.2

Mar 20263.5

Jun 2026—

Johnson Controls International plc · JCI

Sep 20212.8

Dec 20213.3

Mar 20222.8

Jun 20222.1

Sep 20222.1

Dec 20222.7

Mar 20232.6

Jun 20232.8

Sep 20232.2

Dec 20232.4

Mar 20242.8

Jun 20242.8

Sep 20243.2

Dec 20243.3

Mar 20253.3

Jun 20254.4

Sep 20255.2

Dec 20255.6

Mar 20265.9

Jun 2026—

Lennox International Inc. · LII

Sep 2021-32.2

Dec 2021-44.2

Mar 2022-22.7

Jun 2022-18.3

Sep 2022-25.9

Dec 2022-41.8

Mar 2023-70.9

Jun 2023186.0

Sep 202383.4

Dec 202355.8

Mar 202447.2

Jun 202433.0

Sep 202428.6

Dec 202422.5

Mar 202523.4

Jun 202522.4

Sep 202517.4

Dec 202514.5

Mar 202613.3

Jun 2026—

Masco Corporation · MAS

Sep 2021-107.6

Dec 2021-94.9

Mar 2022-32.4

Jun 2022-15.4

Sep 2022-17.1

Dec 2022-21.9

Mar 2023-29.5

Jun 2023-67.2

Sep 2023-214.3

Dec 2023-117.3

Mar 2024-228.6

Jun 2024-559.6

Sep 2024-205.8

Dec 2024-27.6

Mar 2025-57.8

Jun 2025-158.5

Sep 2025-189.9

Dec 2025-69.7

Mar 2026-50.3

Jun 2026—

Owens Corning · OC

Sep 20212.1

Dec 20212.1

Mar 20222.1

Jun 20221.6

Sep 20221.6

Dec 20221.7

Mar 20231.8

Jun 20232.3

Sep 20232.4

Dec 20232.5

Mar 20242.8

Jun 20242.8

Sep 20242.7

Dec 20242.9

Mar 20252.5

Jun 20252.2

Sep 20252.6

Dec 20252.3

Mar 20262.4

Jun 2026—

SPX Technologies, Inc. · SPXC

Sep 2021—

Dec 20212.4

Mar 2022—

Jun 20222.1

Sep 20222.2

Dec 20222.3

Mar 2023—

Jun 20232.9

Sep 20233.3

Dec 20233.9

Mar 20244.6

Jun 20245.1

Sep 20245.4

Dec 20244.9

Mar 20254.2

Jun 20255.1

Sep 20254.2

Dec 20254.5

Mar 20264.4

Jun 2026—

Trane Technologies plc · TT

Sep 20216.3

Dec 20217.6

Mar 20225.9

Jun 20225.3

Sep 20225.7

Dec 20226.3

Mar 20237.0

Jun 20237.0

Sep 20236.9

Dec 20237.9

Mar 20249.9

Jun 202410.7

Sep 202411.5

Dec 202411.1

Mar 202510.1

Jun 202512.4

Sep 202511.3

Dec 202510.1

Mar 202610.7

Jun 2026—

09 · let price answer last

Market action

NPK International Inc. has the strongest one-year price move in Building Products & Equipment at +48.6%. Masco Corporation leads on Mansfield relative strength against the S&P 500 at +9.5%. 8 of 28 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.

Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Building Products & Equipment comparison names 4 specific ways its own evidence can mislead, all listed below. All 29 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

10 · the complete set

Which companies are included?

All 29 companies in the canonical Building Products & Equipment membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

Company	Market value	Price	Priced to	Latest fundamentals
Trane Technologies plc TT	$103.9B	$470	2026-07-28	Mar 2026
Johnson Controls International plc JCI	$85.6B	$140	2026-07-28	Mar 2026
Carrier Global Corporation CARR20/26 WEEKS	$52.5B	$63.2	2026-07-28	Mar 2026
Lennox International Inc. LII	$18.9B	$544	2026-07-28	Mar 2026
Masco Corporation MASAHEAD	$16.2B	$81.6	2026-07-28	Mar 2026
Madison Air Solutions Corporation MAIR	$16.2B	$32.2	2026-07-28	Mar 2026
Carlisle Companies Incorporated CSL	$14.0B	$348	2026-07-28	Mar 2026
Owens Corning OCAHEAD	$11.5B	$143	2026-07-28	Mar 2026
Advanced Drainage Systems, Inc. WMS	$11.1B	$145	2026-07-28	Mar 2026
SPX Technologies, Inc. SPXC	$10.2B	$204	2026-07-28	Mar 2026
Builders FirstSource, Inc. BLDR	$7.9B	$73.7	2026-07-28	Mar 2026
AAON, Inc. AAONAHEAD22/26 WEEKS	$7.7B	$93.7	2026-07-28	Mar 2026
Armstrong World Industries, Inc. AWI	$7.6B	$179	2026-07-28	Mar 2026
Fortune Brands Innovations, Inc. FBINAHEAD	$6.1B	$51.1	2026-07-28	Mar 2026
Louisiana-Pacific Corporation LPX	$5.3B	$76.6	2026-07-28	Mar 2026
Trex Company, Inc. TREXAHEAD	$4.6B	$44.0	2026-07-28	Mar 2026
Griffon Corporation GFF	$4.3B	$93.5	2026-07-28	Mar 2026
Arlo Technologies, Inc. ARLO	$1.5B	$14.2	2026-07-28	Mar 2026
Gibraltar Industries, Inc. ROCKAHEAD	$1.4B	$46.7	2026-07-28	Mar 2026
NPK International Inc. NPKI	$1.1B	$12.9	2026-07-28	Mar 2026
Quanex Building Products Corporation NX	$885M	$19.5	2026-07-28	Jun 2026
Apogee Enterprises, Inc. APOGAHEAD	$873M	$41.8	2026-07-28	Jun 2026
Limbach Holdings, Inc. LMB	$864M	$72.5	2026-07-28	Mar 2026
Janus International Group, Inc. JBI	$732M	$5.4	2026-07-28	Jun 2026
Latham Group, Inc. SWIM	$673M	$5.7	2026-07-28	Mar 2026
Aspen Aerogels, Inc. ASPNAHEAD21/26 WEEKS	$364M	$4.4	2026-07-28	Mar 2026
AirJoule Technologies Corporation AIRJAHEAD	$313M	$4.3	2026-07-28	Mar 2026
Perma-Pipe International Holdings, Inc. PPIH	$206M	$25.4	2026-07-28	Jun 2026
JELD-WEN Holding, Inc. JELD	$95M	$1.2	2026-07-24	Mar 2026

Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 29 Building Products & Equipment companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-07-28 · weekly price and relative-strength history

Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Questions investors ask · short, speakable answers

Building Products & Equipment company comparison FAQs

These 18 answers restate the Building Products & Equipment comparison above in question form. Every one is computed from the same 29 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Building Products & Equipment company is the biggest?

Johnson Controls International plc is the largest, with trailing-twelve-month revenue of $24,433 million, ahead of Carrier Global Corporation at $21,870 million. That covers 26 of 29 companies with comparable reporting through Mar 2026.

Which Building Products & Equipment company is growing fastest?

AAON, Inc. has the fastest revenue growth at 28.2% year on year, across 26 of 29 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Building Products & Equipment company has the best profit margins?

Johnson Controls International plc has the highest operating margin at 60.6%, from 28 of 29 comparable companies. Aspen Aerogels, Inc. shows the biggest recent improvement, at +325.2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Building Products & Equipment company makes the most profit?

Trane Technologies plc earns the most, at $2,955 million of trailing-twelve-month net profit, from 27 of 29 comparable companies. SPX Technologies, Inc. has the fastest profit growth at 25.9%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Building Products & Equipment company earns the highest return on capital?

Masco Corporation leads on return on capital employed at 8.9%, across 29 of 29 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Building Products & Equipment stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Builders FirstSource, Inc. screens cheapest at 0.14×. Only 20 of 29 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Building Products & Equipment company has the strongest balance sheet?

AirJoule Technologies Corporation carries the lowest comparable gross debt at $0 million, from 29 of 29 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Building Products & Equipment company is investing most in new capacity?

Owens Corning reports the largest capital spending at $233 million, across 29 of 29 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Building Products & Equipment sector beating the market?

Building Products & Equipment has underperformed S&P 500 by 17.9% over the last 52 weeks and 0.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 8 of 28 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Building Products & Equipment stock has the strongest price momentum?

Masco Corporation has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Building Products & Equipment company scores highest for research priority?

Masco Corporation scores 64.9 out of 100 with 82% evidence confidence, from 20.8 points on growth and earnings, 13 on capital efficiency, 12 on valuation and 19.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Building Products & Equipment companies does this comparison cover, and over what period?

It compares 29 listed companies over up to 20 reported quarters of fundamentals and 5 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Building Products & Equipment sector?

The 29 Building Products & Equipment companies on this page carry $392,700 million of combined market value. Trane Technologies plc is the largest at $103,903 million, about 26% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Building Products & Equipment sector's P/E ratio?

The median price-to-earnings ratio across the 29 Building Products & Equipment companies on this page is 31.5×, measured on the 28 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Building Products & Equipment sector performing?

8 of the 28 covered Building Products & Equipment companies are beating S&P 500 on Mansfield relative strength. The sector itself is 17.9% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Building Products & Equipment stocks are listed in the US?

This comparison covers 29 listed Building Products & Equipment companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.