# Building Products & Equipment — company-by-company sector analysis > Building Products & Equipment: Owens Corning owns the largest revenue base; AAON, Inc. has the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-04. Not investment advice. ## Bottom line Building Products & Equipment has underperformed S&P 500 by 17.7% over 52 weeks and 0.3% over 13 weeks. 5 of 28 covered companies beat the S&P 500 on Mansfield relative strength, while 13 of 28 beat the sector itself. Owens Corning leads with revenue of $9,838 million, based on 16 of 29 comparable companies through Mar 2026. ## Sector relative strength Building Products & Equipment has underperformed S&P 500 by 17.7% over the last 52 weeks. Over 13 weeks the gap is a lead of 0.3%. 5 of 28 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. AirJoule Technologies Corporation is the strongest against the sector itself at +37.7%. 13-week sector return versus NIFTY 500: 0.3% 52-week sector return versus NIFTY 500: -18% Stocks leading NIFTY: 5/28 Stocks leading sector: 13/28 Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change. Companies: 29 Combined market value: ₹4.0 L Cr ## 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. 1. Masco Corporation (MAS): 64/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 21.6/35 | Capital efficiency 17.8/25 | Valuation 11.0/20 | Relative strength 14.0/20 - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 6 of the last 12 weeks - Exact sum: 21.6 + 17.8 + 11 + 14 = 64.4 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 2. Carlisle Companies Incorporated (CSL): 62/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 20.1/35 | Capital efficiency 15.6/25 | Valuation 10.6/20 | Relative strength 15.5/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 20.1 + 15.6 + 10.6 + 15.5 = 61.8 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 3. Apogee Enterprises, Inc. (APOG): 59/100 — Mixed-positive evidence; evidence 71% - Growth & earnings 20.8/35 | Capital efficiency 9.3/25 | Valuation 15.8/20 | Relative strength 13.2/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 7 of the last 12 weeks - Exact sum: 20.8 + 9.3 + 15.8 + 13.2 = 59.1 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 4. Trex Company, Inc. (TREX): 58/100 — Mixed-positive evidence; evidence 81% - Growth & earnings 18.0/35 | Capital efficiency 16.4/25 | Valuation 9.2/20 | Relative strength 14.2/20 - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 7 of the last 12 weeks - Exact sum: 18 + 16.4 + 9.2 + 14.2 = 57.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 5. Johnson Controls International plc (JCI): 57/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 18.0/35 | Capital efficiency 13.4/25 | Valuation 10.3/20 | Relative strength 15.4/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 18 + 13.4 + 10.3 + 15.4 = 57.1 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 6. Arlo Technologies, Inc. (ARLO): 55/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 23.2/35 | Capital efficiency 9.4/25 | Valuation 9.5/20 | Relative strength 12.5/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 23.2 + 9.4 + 9.5 + 12.5 = 54.6 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 7. Griffon Corporation (GFF): 54/100 — Mixed-positive evidence; evidence 81% - Growth & earnings 14.0/35 | Capital efficiency 13.5/25 | Valuation 12.6/20 | Relative strength 14.0/20 - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 5 of the last 12 weeks - Exact sum: 14 + 13.5 + 12.6 + 14 = 54.1 - Decision use: Price leads the evidence: RS versus the benchmark is 3.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 8. Armstrong World Industries, Inc. (AWI): 54/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 17.7/35 | Capital efficiency 16.6/25 | Valuation 10.5/20 | Relative strength 8.7/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 17.7 + 16.6 + 10.5 + 8.7 = 53.5 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 9. Trane Technologies plc (TT): 52/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 17.0/35 | Capital efficiency 16.0/25 | Valuation 9.7/20 | Relative strength 9.0/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 17 + 16 + 9.7 + 9 = 51.7 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 10. Fortune Brands Innovations, Inc. (FBIN): 50/100 — Mixed-negative evidence; evidence 81% - Growth & earnings 12.7/35 | Capital efficiency 9.8/25 | Valuation 13.6/20 | Relative strength 13.5/20 - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 7 of the last 12 weeks - Exact sum: 12.7 + 9.8 + 13.6 + 13.5 = 49.6 - Decision use: Price leads the evidence: RS versus the benchmark is -4.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 11. SPX Technologies, Inc. (SPXC): 49/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 20.5/35 | Capital efficiency 13.4/25 | Valuation 9.6/20 | Relative strength 5.8/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 20.5 + 13.4 + 9.6 + 5.8 = 49.3 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 12. NPK International Inc. (NPKI): 48/100 — Thin evidence · provisional; evidence 52% - Growth & earnings 18.4/35 | Capital efficiency 12.4/25 | Valuation 9.9/20 | Relative strength 7.6/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 18.4 + 12.4 + 9.9 + 7.6 = 48.3 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 13. AirJoule Technologies Corporation (AIRJ): 46/100 — Thin evidence · provisional; evidence 52% - Growth & earnings 12.0/35 | Capital efficiency 5.7/25 | Valuation 11.4/20 | Relative strength 17.0/20 - Price stage: LEADER — Ahead of the benchmark 13 weeks or more running, and ahead over the past year. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 12 of the last 12 weeks - Exact sum: 12 + 5.7 + 11.4 + 17 = 46.1 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 14. Lennox International Inc. (LII): 44/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 15.3/35 | Capital efficiency 17.7/25 | Valuation 10.2/20 | Relative strength 1.2/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 4 of the last 12 weeks - Exact sum: 15.3 + 17.7 + 10.2 + 1.2 = 44.4 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 15. Owens Corning (OC): 44/100 — Mixed-negative evidence; evidence 64% - Growth & earnings 9.1/35 | Capital efficiency 7.0/25 | Valuation 9.8/20 | Relative strength 18.1/20 - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 8 of the last 12 weeks - Exact sum: 9.1 + 7 + 9.8 + 18.1 = 44 - Decision use: Price leads the evidence: RS versus the benchmark is 3.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 16. AAON, Inc. (AAON): 44/100 — Mixed-negative evidence; evidence 81% - Growth & earnings 22.9/35 | Capital efficiency 13.4/25 | Valuation 4.6/20 | Relative strength 3.0/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of the last 12 weeks - Exact sum: 22.9 + 13.4 + 4.6 + 3 = 43.9 - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -8.3% and the one-year return is 18.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. 17. Carrier Global Corporation (CARR): 44/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 15.8/35 | Capital efficiency 9.8/25 | Valuation 9.4/20 | Relative strength 8.8/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 7 of the last 12 weeks - Exact sum: 15.8 + 9.8 + 9.4 + 8.8 = 43.8 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 18. Quanex Building Products Corporation (NX): 43/100 — Mixed-negative evidence; evidence 69% - Growth & earnings 10.3/35 | Capital efficiency 6.5/25 | Valuation 10.1/20 | Relative strength 16.5/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 10.3 + 6.5 + 10.1 + 16.5 = 43.4 - Decision use: Price leads the evidence: RS versus the benchmark is 8.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 19. Limbach Holdings, Inc. (LMB): 42/100 — Mixed-negative evidence; evidence 81% - Growth & earnings 15.5/35 | Capital efficiency 7.3/25 | Valuation 12.1/20 | Relative strength 7.4/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 15.5 + 7.3 + 12.1 + 7.4 = 42.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 20. Aspen Aerogels, Inc. (ASPN): 41/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 20.0/35 | Capital efficiency 3.0/25 | Valuation 8.9/20 | Relative strength 9.2/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 10 of the last 12 weeks - Exact sum: 20 + 3 + 8.9 + 9.2 = 41.1 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 21. Perma-Pipe International Holdings, Inc. (PPIH): 40/100 — Mixed-negative evidence; evidence 79% - Growth & earnings 15.6/35 | Capital efficiency 10.7/25 | Valuation 8.8/20 | Relative strength 4.7/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 15.6 + 10.7 + 8.8 + 4.7 = 39.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 22. Janus International Group, Inc. (JBI): 39/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 13.3/35 | Capital efficiency 8.3/25 | Valuation 11.2/20 | Relative strength 5.8/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 13.3 + 8.3 + 11.2 + 5.8 = 38.6 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 23. Gibraltar Industries, Inc. (ROCK): 37/100 — Mixed-negative evidence; evidence 75% - Growth & earnings 12.3/35 | Capital efficiency 6.8/25 | Valuation 11.7/20 | Relative strength 5.7/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks - Exact sum: 12.3 + 6.8 + 11.7 + 5.7 = 36.5 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 24. JELD-WEN Holding, Inc. (JELD): 36/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 20.1/35 | Capital efficiency 3.5/25 | Valuation 9.3/20 | Relative strength 3.0/20 - Led NIFTY 500 by 5%+ over the prior 13 weeks in 4 of 10 weeks with a reading, within the last 12 - Exact sum: 20.1 + 3.5 + 9.3 + 3 = 35.9 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 25. Builders FirstSource, Inc. (BLDR): 36/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 14.1/35 | Capital efficiency 8.5/25 | Valuation 8.7/20 | Relative strength 4.2/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 14.1 + 8.5 + 8.7 + 4.2 = 35.5 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 26. Louisiana-Pacific Corporation (LPX): 35/100 — Adverse evidence; evidence 81% - Growth & earnings 6.0/35 | Capital efficiency 8.8/25 | Valuation 14.0/20 | Relative strength 6.0/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 6 + 8.8 + 14 + 6 = 34.8 - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. 27. Latham Group, Inc. (SWIM): 34/100 — Adverse evidence; evidence 64% - Growth & earnings 16.1/35 | Capital efficiency 4.3/25 | Valuation 8.8/20 | Relative strength 4.7/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 16.1 + 4.3 + 8.8 + 4.7 = 33.9 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 28. Advanced Drainage Systems, Inc. (WMS): 34/100 — Adverse evidence; evidence 81% - Growth & earnings 12.3/35 | Capital efficiency 10.9/25 | Valuation 5.4/20 | Relative strength 5.1/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 12.3 + 10.9 + 5.4 + 5.1 = 33.7 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 29. Madison Air Solutions Corporation (MAIR): 55/100 — Thin evidence · provisional; evidence 27% - Growth & earnings 18.3/35 | Capital efficiency 15.0/25 | Valuation 11.5/20 | Relative strength 10.0/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of 4 weeks with a reading, within the last 12 - Exact sum: 18.3 + 15 + 11.5 + 10 = 54.8 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. ## Market action NPK International Inc. has the strongest one-year price move in Building Products & Equipment at +46.5%. AirJoule Technologies Corporation leads on Mansfield relative strength against the S&P 500 at +30%. 5 of 28 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04. ### Strongest one-year price performers 1. NPK International Inc. (NPKI): 47% 2. Johnson Controls International plc (JCI): 46% 3. Griffon Corporation (GFF): 34% 4. AirJoule Technologies Corporation (AIRJ): 30% 5. AAON, Inc. (AAON): 19% ### Strongest relative strength versus NIFTY 500 1. AirJoule Technologies Corporation (AIRJ): 30% 2. Johnson Controls International plc (JCI): 8.9% 3. Quanex Building Products Corporation (NX): 8.1% 4. Griffon Corporation (GFF): 3.4% 5. Owens Corning (OC): 3.3% ## Revenue Scale & Growth Durability What the numbers say: Owens Corning is the scale leader at $9,838 million, 121.5% ahead of Fortune Brands Innovations, Inc.. 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. Investor read: Owens Corning 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: Owens Corning's growth falls below AAON, Inc.'s for two consecutive comparable reports while operating margin also compresses. Evidence: Owens Corning · $9,838 million | 121.5% versus #2 · Fortune Brands Innovations, Inc. | 4/8 recent comparable periods | 16/29 companies · 507 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Owens Corning (OC): ₹9.8K Cr 2. Fortune Brands Innovations, Inc. (FBIN): ₹4.4K Cr 3. JELD-WEN Holding, Inc. (JELD): ₹3.2K Cr 4. Advanced Drainage Systems, Inc. (WMS): ₹3.1K Cr 5. Louisiana-Pacific Corporation (LPX): ₹2.6K Cr ### Revenue growth — fastest growers 1. AAON, Inc. (AAON): 28% 2. Perma-Pipe International Holdings, Inc. (PPIH): 24% 3. Limbach Holdings, Inc. (LMB): 23% 4. Gibraltar Industries, Inc. (ROCK): 21% 5. Quanex Building Products Corporation (NX): 14% ### 20-quarter Revenue history - TT: Sep 2021 ₹3.7K Cr | Dec 2021 ₹3.6K Cr | Mar 2022 ₹3.4K Cr | Jun 2022 ₹4.2K Cr | Sep 2022 ₹4.4K Cr | Dec 2022 ₹4.1K Cr | Mar 2023 ₹3.7K Cr | Jun 2023 ₹4.7K Cr | Sep 2023 ₹4.9K Cr | Dec 2023 ₹4.4K Cr | Mar 2024 ₹4.2K Cr | Jun 2024 ₹5.3K Cr | Sep 2024 ₹5.4K Cr | Dec 2024 ₹4.9K Cr | Mar 2025 ₹4.7K Cr | Jun 2025 ₹5.7K Cr | Sep 2025 ₹5.7K Cr | Dec 2025 ₹5.1K Cr | Mar 2026 ₹5.0K Cr | Jun 2026 — - JCI: Sep 2021 ₹6.4K Cr | Dec 2021 ₹5.9K Cr | Mar 2022 ₹6.1K Cr | Jun 2022 ₹6.6K Cr | Sep 2022 ₹6.7K Cr | Dec 2022 ₹6.1K Cr | Mar 2023 ₹6.7K Cr | Jun 2023 ₹7.1K Cr | Sep 2023 ₹5.9K Cr | Dec 2023 ₹5.2K Cr | Mar 2024 ₹5.6K Cr | Jun 2024 ₹5.9K Cr | Sep 2024 ₹6.2K Cr | Dec 2024 ₹5.4K Cr | Mar 2025 ₹5.7K Cr | Jun 2025 ₹6.1K Cr | Sep 2025 ₹6.4K Cr | Dec 2025 ₹5.8K Cr | Mar 2026 ₹6.1K Cr | Jun 2026 — - CARR: Sep 2021 ₹5.3K Cr | Dec 2021 ₹5.1K Cr | Mar 2022 ₹4.7K Cr | Jun 2022 ₹5.2K Cr | Sep 2022 ₹5.5K Cr | Dec 2022 ₹5.1K Cr | Mar 2023 ₹5.3K Cr | Jun 2023 ₹6.0K Cr | Sep 2023 ₹4.9K Cr | Dec 2023 ₹4.3K Cr | Mar 2024 ₹5.4K Cr | Jun 2024 ₹5.9K Cr | Sep 2024 ₹6.0K Cr | Dec 2024 ₹5.1K Cr | Mar 2025 ₹5.2K Cr | Jun 2025 ₹6.1K Cr | Sep 2025 ₹5.6K Cr | Dec 2025 ₹4.8K Cr | Mar 2026 ₹5.3K Cr | Jun 2026 — - 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 ₹690 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹924 Cr | Jun 2026 — - LII: Sep 2021 ₹1.1K Cr | Dec 2021 ₹965 Cr | Mar 2022 ₹1.0K Cr | Jun 2022 ₹1.4K Cr | Sep 2022 ₹1.2K Cr | Dec 2022 ₹1.1K Cr | Mar 2023 ₹1.0K Cr | Jun 2023 ₹1.4K Cr | Sep 2023 ₹1.4K Cr | Dec 2023 ₹1.2K Cr | Mar 2024 ₹1.0K Cr | Jun 2024 ₹1.5K Cr | Sep 2024 ₹1.5K Cr | Dec 2024 ₹1.3K Cr | Mar 2025 ₹1.1K Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹1.2K Cr | Mar 2026 ₹1.1K Cr | Jun 2026 — - CSL: Sep 2021 ₹1.3K Cr | Dec 2021 ₹1.4K Cr | Mar 2022 ₹1.5K Cr | Jun 2022 ₹1.8K Cr | Sep 2022 ₹1.5K Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹893 Cr | Jun 2023 ₹1.3K Cr | Sep 2023 ₹1.3K Cr | Dec 2023 ₹1.1K Cr | Mar 2024 ₹1.1K Cr | Jun 2024 ₹1.5K Cr | Sep 2024 ₹1.3K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹1.1K Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.3K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.1K Cr | Jun 2026 — - MAS: Sep 2021 ₹2.2K Cr | Dec 2021 ₹2.0K Cr | Mar 2022 ₹2.2K Cr | Jun 2022 ₹2.4K Cr | Sep 2022 ₹2.2K Cr | Dec 2022 ₹1.9K Cr | Mar 2023 ₹2.0K Cr | Jun 2023 ₹2.1K Cr | Sep 2023 ₹2.0K Cr | Dec 2023 ₹1.9K Cr | Mar 2024 ₹1.9K Cr | Jun 2024 ₹2.1K Cr | Sep 2024 ₹2.0K Cr | Dec 2024 ₹1.8K Cr | Mar 2025 ₹1.8K Cr | Jun 2025 ₹2.1K Cr | Sep 2025 ₹1.9K Cr | Dec 2025 ₹1.8K Cr | Mar 2026 ₹1.9K Cr | Jun 2026 — - OC: Sep 2021 ₹2.2K Cr | Dec 2021 ₹2.1K Cr | Mar 2022 ₹2.3K Cr | Jun 2022 ₹2.6K Cr | Sep 2022 ₹2.5K Cr | Dec 2022 ₹2.3K Cr | Mar 2023 ₹2.3K Cr | Jun 2023 ₹2.6K Cr | Sep 2023 ₹2.5K Cr | Dec 2023 ₹2.3K Cr | Mar 2024 ₹2.0K Cr | Jun 2024 ₹2.5K Cr | Sep 2024 ₹2.8K Cr | Dec 2024 ₹2.6K Cr | Mar 2025 ₹2.5K Cr | Jun 2025 ₹2.7K Cr | Sep 2025 ₹2.7K Cr | Dec 2025 ₹2.1K Cr | Mar 2026 ₹2.3K Cr | Jun 2026 — - WMS: Sep 2021 ₹706 Cr | Dec 2021 ₹715 Cr | Mar 2022 ₹678 Cr | Jun 2022 ₹914 Cr | Sep 2022 ₹884 Cr | Dec 2022 ₹655 Cr | Mar 2023 ₹618 Cr | Jun 2023 ₹778 Cr | Sep 2023 ₹780 Cr | Dec 2023 ₹662 Cr | Mar 2024 ₹654 Cr | Jun 2024 ₹815 Cr | Sep 2024 ₹783 Cr | Dec 2024 ₹691 Cr | Mar 2025 ₹616 Cr | Jun 2025 ₹830 Cr | Sep 2025 ₹850 Cr | Dec 2025 ₹693 Cr | Mar 2026 ₹677 Cr | Jun 2026 — - SPXC: Sep 2021 ₹297 Cr | Dec 2021 ₹286 Cr | Mar 2022 — | Jun 2022 ₹307 Cr | Sep 2022 ₹354 Cr | Dec 2022 ₹371 Cr | Mar 2023 — | Jun 2023 ₹400 Cr | Sep 2023 ₹423 Cr | Dec 2023 ₹469 Cr | Mar 2024 ₹465 Cr | Jun 2024 ₹501 Cr | Sep 2024 ₹484 Cr | Dec 2024 ₹534 Cr | Mar 2025 ₹483 Cr | Jun 2025 ₹552 Cr | Sep 2025 ₹593 Cr | Dec 2025 ₹637 Cr | Mar 2026 ₹567 Cr | Jun 2026 — - BLDR: Sep 2021 ₹5.5K Cr | Dec 2021 ₹4.6K Cr | Mar 2022 ₹5.7K Cr | Jun 2022 ₹6.9K Cr | Sep 2022 ₹5.8K Cr | Dec 2022 ₹4.4K Cr | Mar 2023 ₹3.9K Cr | Jun 2023 ₹4.5K Cr | Sep 2023 ₹4.5K Cr | Dec 2023 ₹4.2K Cr | Mar 2024 ₹3.9K Cr | Jun 2024 ₹4.5K Cr | Sep 2024 ₹4.2K Cr | Dec 2024 ₹3.8K Cr | Mar 2025 ₹3.7K Cr | Jun 2025 ₹4.2K Cr | Sep 2025 ₹3.9K Cr | Dec 2025 ₹3.4K Cr | Mar 2026 ₹3.3K Cr | Jun 2026 — - AAON: Sep 2021 ₹139 Cr | Dec 2021 ₹136 Cr | Mar 2022 ₹183 Cr | Jun 2022 ₹209 Cr | Sep 2022 ₹243 Cr | Dec 2022 ₹255 Cr | Mar 2023 ₹266 Cr | Jun 2023 ₹284 Cr | Sep 2023 ₹312 Cr | Dec 2023 ₹307 Cr | Mar 2024 ₹262 Cr | Jun 2024 ₹314 Cr | Sep 2024 ₹327 Cr | Dec 2024 ₹298 Cr | Mar 2025 ₹322 Cr | Jun 2025 ₹312 Cr | Sep 2025 ₹384 Cr | Dec 2025 ₹424 Cr | Mar 2026 ₹497 Cr | Jun 2026 — - AWI: Sep 2021 ₹292 Cr | Dec 2021 ₹283 Cr | Mar 2022 ₹283 Cr | Jun 2022 ₹321 Cr | Sep 2022 ₹325 Cr | Dec 2022 ₹305 Cr | Mar 2023 ₹310 Cr | Jun 2023 ₹325 Cr | Sep 2023 ₹347 Cr | Dec 2023 ₹312 Cr | Mar 2024 ₹326 Cr | Jun 2024 ₹365 Cr | Sep 2024 ₹387 Cr | Dec 2024 ₹368 Cr | Mar 2025 ₹383 Cr | Jun 2025 ₹425 Cr | Sep 2025 ₹425 Cr | Dec 2025 ₹388 Cr | Mar 2026 ₹410 Cr | Jun 2026 — - FBIN: Sep 2021 ₹2.0K Cr | Dec 2021 ₹2.0K Cr | Mar 2022 ₹1.1K Cr | Jun 2022 ₹1.3K Cr | Sep 2022 ₹1.2K Cr | Dec 2022 ₹1.1K Cr | Mar 2023 — | Jun 2023 ₹1.0K Cr | Sep 2023 ₹1.2K Cr | Dec 2023 ₹1.2K Cr | Mar 2024 ₹1.1K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.2K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹1.0K Cr | Jun 2025 ₹1.2K Cr | Sep 2025 ₹1.1K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.0K Cr | Jun 2026 — - LPX: Sep 2021 ₹1.0K Cr | Dec 2021 ₹835 Cr | Mar 2022 ₹1.2K Cr | Jun 2022 ₹1.1K Cr | Sep 2022 ₹852 Cr | Dec 2022 ₹705 Cr | Mar 2023 ₹584 Cr | Jun 2023 ₹611 Cr | Sep 2023 ₹728 Cr | Dec 2023 ₹658 Cr | Mar 2024 ₹724 Cr | Jun 2024 ₹814 Cr | Sep 2024 ₹722 Cr | Dec 2024 ₹680 Cr | Mar 2025 ₹724 Cr | Jun 2025 ₹755 Cr | Sep 2025 ₹663 Cr | Dec 2025 ₹567 Cr | Mar 2026 ₹574 Cr | Jun 2026 — - TREX: Sep 2021 ₹336 Cr | Dec 2021 ₹304 Cr | Mar 2022 ₹339 Cr | Jun 2022 ₹386 Cr | Sep 2022 ₹188 Cr | Dec 2022 ₹192 Cr | Mar 2023 ₹239 Cr | Jun 2023 ₹357 Cr | Sep 2023 ₹304 Cr | Dec 2023 ₹196 Cr | Mar 2024 ₹374 Cr | Jun 2024 ₹376 Cr | Sep 2024 ₹234 Cr | Dec 2024 ₹168 Cr | Mar 2025 ₹340 Cr | Jun 2025 ₹388 Cr | Sep 2025 ₹285 Cr | Dec 2025 ₹161 Cr | Mar 2026 ₹343 Cr | Jun 2026 — - GFF: Sep 2021 ₹570 Cr | Dec 2021 ₹592 Cr | Mar 2022 ₹780 Cr | Jun 2022 ₹768 Cr | Sep 2022 ₹709 Cr | Dec 2022 ₹649 Cr | Mar 2023 ₹711 Cr | Jun 2023 ₹683 Cr | Sep 2023 ₹641 Cr | Dec 2023 ₹643 Cr | Mar 2024 ₹673 Cr | Jun 2024 ₹648 Cr | Sep 2024 ₹660 Cr | Dec 2024 ₹632 Cr | Mar 2025 ₹427 Cr | Jun 2025 ₹614 Cr | Sep 2025 ₹662 Cr | Dec 2025 ₹649 Cr | Mar 2026 ₹422 Cr | Jun 2026 — - ARLO: Sep 2021 — | Dec 2021 ₹111 Cr | Mar 2022 — | Jun 2022 ₹125 Cr | Sep 2022 ₹119 Cr | Dec 2022 ₹128 Cr | Mar 2023 — | Jun 2023 ₹111 Cr | Sep 2023 ₹115 Cr | Dec 2023 ₹130 Cr | Mar 2024 ₹124 Cr | Jun 2024 ₹127 Cr | Sep 2024 ₹138 Cr | Dec 2024 ₹122 Cr | Mar 2025 ₹119 Cr | Jun 2025 ₹129 Cr | Sep 2025 ₹140 Cr | Dec 2025 ₹141 Cr | Mar 2026 ₹150 Cr | Jun 2026 — - ROCK: Sep 2021 ₹369 Cr | Dec 2021 ₹334 Cr | Mar 2022 ₹318 Cr | Jun 2022 ₹367 Cr | Sep 2022 ₹391 Cr | Dec 2022 ₹314 Cr | Mar 2023 ₹293 Cr | Jun 2023 ₹365 Cr | Sep 2023 ₹391 Cr | Dec 2023 ₹329 Cr | Mar 2024 ₹293 Cr | Jun 2024 ₹274 Cr | Sep 2024 ₹277 Cr | Dec 2024 ₹232 Cr | Mar 2025 ₹246 Cr | Jun 2025 ₹310 Cr | Sep 2025 ₹311 Cr | Dec 2025 ₹269 Cr | Mar 2026 ₹356 Cr | Jun 2026 — - NPKI: Sep 2021 ₹152 Cr | Dec 2021 ₹180 Cr | Mar 2022 ₹176 Cr | Jun 2022 ₹194 Cr | Sep 2022 ₹220 Cr | Dec 2022 ₹225 Cr | Mar 2023 ₹200 Cr | Jun 2023 ₹183 Cr | Sep 2023 ₹57 Cr | Dec 2023 ₹46 Cr | Mar 2024 ₹49 Cr | Jun 2024 ₹67 Cr | Sep 2024 ₹44 Cr | Dec 2024 ₹58 Cr | Mar 2025 ₹65 Cr | Jun 2025 ₹68 Cr | Sep 2025 ₹69 Cr | Dec 2025 ₹75 Cr | Mar 2026 ₹75 Cr | Jun 2026 — - NX: Sep 2021 ₹280 Cr | Dec 2021 ₹292 Cr | Mar 2022 ₹267 Cr | Jun 2022 ₹323 Cr | Sep 2022 ₹324 Cr | Dec 2022 ₹308 Cr | Mar 2023 ₹262 Cr | Jun 2023 ₹274 Cr | Sep 2023 ₹300 Cr | Dec 2023 ₹295 Cr | Mar 2024 ₹239 Cr | Jun 2024 ₹266 Cr | Sep 2024 ₹280 Cr | Dec 2024 ₹492 Cr | Mar 2025 ₹400 Cr | Jun 2025 ₹452 Cr | Sep 2025 ₹495 Cr | Dec 2025 ₹490 Cr | Mar 2026 ₹409 Cr | Jun 2026 ₹462 Cr - LMB: Sep 2021 ₹129 Cr | Dec 2021 ₹127 Cr | Mar 2022 ₹115 Cr | Jun 2022 ₹116 Cr | Sep 2022 ₹122 Cr | Dec 2022 ₹143 Cr | Mar 2023 ₹121 Cr | Jun 2023 ₹125 Cr | Sep 2023 ₹128 Cr | Dec 2023 ₹143 Cr | Mar 2024 ₹119 Cr | Jun 2024 ₹122 Cr | Sep 2024 ₹134 Cr | Dec 2024 ₹144 Cr | Mar 2025 ₹133 Cr | Jun 2025 ₹142 Cr | Sep 2025 ₹185 Cr | Dec 2025 ₹187 Cr | Mar 2026 ₹139 Cr | Jun 2026 — - APOG: Sep 2021 ₹326 Cr | Dec 2021 ₹334 Cr | Mar 2022 ₹328 Cr | Jun 2022 ₹357 Cr | Sep 2022 ₹372 Cr | Dec 2022 ₹368 Cr | Mar 2023 ₹344 Cr | Jun 2023 ₹362 Cr | Sep 2023 ₹354 Cr | Dec 2023 ₹340 Cr | Mar 2024 ₹362 Cr | Jun 2024 ₹332 Cr | Sep 2024 ₹342 Cr | Dec 2024 ₹341 Cr | Mar 2025 ₹346 Cr | Jun 2025 ₹347 Cr | Sep 2025 ₹358 Cr | Dec 2025 ₹349 Cr | Mar 2026 ₹351 Cr | Jun 2026 ₹343 Cr - JBI: Sep 2021 ₹188 Cr | Dec 2021 — | Mar 2022 ₹235 Cr | Jun 2022 ₹230 Cr | Sep 2022 ₹248 Cr | Dec 2022 ₹263 Cr | Mar 2023 — | Jun 2023 ₹252 Cr | Sep 2023 ₹271 Cr | Dec 2023 ₹264 Cr | Mar 2024 ₹255 Cr | Jun 2024 ₹248 Cr | Sep 2024 ₹230 Cr | Dec 2024 ₹231 Cr | Mar 2025 ₹211 Cr | Jun 2025 ₹228 Cr | Sep 2025 ₹219 Cr | Dec 2025 — | Mar 2026 ₹226 Cr | Jun 2026 ₹223 Cr - SWIM: Sep 2021 ₹181 Cr | Dec 2021 ₹162 Cr | Mar 2022 — | Jun 2022 ₹192 Cr | Sep 2022 ₹207 Cr | Dec 2022 ₹189 Cr | Mar 2023 — | Jun 2023 ₹138 Cr | Sep 2023 ₹177 Cr | Dec 2023 ₹91 Cr | Mar 2024 ₹111 Cr | Jun 2024 ₹160 Cr | Sep 2024 ₹150 Cr | Dec 2024 ₹87 Cr | Mar 2025 ₹111 Cr | Jun 2025 ₹173 Cr | Sep 2025 ₹162 Cr | Dec 2025 ₹100 Cr | Mar 2026 ₹117 Cr | Jun 2026 — - ASPN: Sep 2021 ₹30 Cr | Dec 2021 ₹31 Cr | Mar 2022 ₹38 Cr | Jun 2022 ₹46 Cr | Sep 2022 ₹37 Cr | Dec 2022 ₹60 Cr | Mar 2023 ₹46 Cr | Jun 2023 ₹48 Cr | Sep 2023 ₹61 Cr | Dec 2023 ₹84 Cr | Mar 2024 ₹95 Cr | Jun 2024 ₹118 Cr | Sep 2024 ₹117 Cr | Dec 2024 ₹123 Cr | Mar 2025 ₹79 Cr | Jun 2025 ₹78 Cr | Sep 2025 ₹73 Cr | Dec 2025 ₹41 Cr | Mar 2026 ₹38 Cr | Jun 2026 — - PPIH: Sep 2021 ₹40 Cr | Dec 2021 ₹35 Cr | Mar 2022 ₹39 Cr | Jun 2022 ₹31 Cr | Sep 2022 ₹37 Cr | Dec 2022 ₹38 Cr | Mar 2023 ₹36 Cr | Jun 2023 ₹30 Cr | Sep 2023 ₹35 Cr | Dec 2023 ₹46 Cr | Mar 2024 ₹40 Cr | Jun 2024 ₹34 Cr | Sep 2024 ₹38 Cr | Dec 2024 ₹42 Cr | Mar 2025 ₹45 Cr | Jun 2025 ₹47 Cr | Sep 2025 ₹48 Cr | Dec 2025 ₹61 Cr | Mar 2026 ₹55 Cr | Jun 2026 ₹50 Cr - JELD: Sep 2021 ₹1.1K Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹1.2K Cr | Jun 2022 ₹1.2K Cr | Sep 2022 ₹1.1K Cr | Dec 2022 ₹1.2K Cr | Mar 2023 — | Jun 2023 ₹1.1K Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.0K Cr | Mar 2024 ₹959 Cr | Jun 2024 ₹986 Cr | Sep 2024 ₹935 Cr | Dec 2024 ₹896 Cr | Mar 2025 ₹776 Cr | Jun 2025 ₹824 Cr | Sep 2025 ₹809 Cr | Dec 2025 ₹802 Cr | Mar 2026 ₹722 Cr | Jun 2026 — ### 20-quarter Revenue growth history - TT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 9.4% | Sep 2022 18% | Dec 2022 14% | Mar 2023 9.2% | Jun 2023 12% | Sep 2023 12% | Dec 2023 8.6% | Mar 2024 15% | Jun 2024 13% | Sep 2024 11% | Dec 2024 10% | Mar 2025 11% | Jun 2025 8.3% | Sep 2025 5.6% | Dec 2025 5.6% | Mar 2026 6.0% | Jun 2026 — - JCI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 4.3% | Sep 2022 5.2% | Dec 2022 3.5% | Mar 2023 9.6% | Jun 2023 7.9% | Sep 2023 -13% | Dec 2023 -14% | Mar 2024 -16% | Jun 2024 -17% | Sep 2024 6.8% | Dec 2024 4.2% | Mar 2025 1.4% | Jun 2025 2.6% | Sep 2025 3.1% | Dec 2025 6.8% | Mar 2026 8.2% | Jun 2026 — - CARR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -4.2% | Sep 2022 2.1% | Dec 2022 -0.6% | Mar 2023 13% | Jun 2023 15% | Sep 2023 -9.5% | Dec 2023 -15% | Mar 2024 2.8% | Jun 2024 -1.0% | Sep 2024 21% | Dec 2024 19% | Mar 2025 -3.7% | Jun 2025 3.0% | Sep 2025 -6.8% | Dec 2025 -6.0% | Mar 2026 2.4% | Jun 2026 — - 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 34% | Jun 2026 — - LII: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 10% | Sep 2022 17% | Dec 2022 13% | Mar 2023 3.6% | Jun 2023 3.3% | Sep 2023 9.7% | Dec 2023 5.6% | Mar 2024 -0.2% | Jun 2024 2.8% | Sep 2024 9.7% | Dec 2024 16% | Mar 2025 2.5% | Jun 2025 3.5% | Sep 2025 -4.7% | Dec 2025 -11% | Mar 2026 5.8% | Jun 2026 — - CSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 51% | Sep 2022 14% | Dec 2022 -16% | Mar 2023 -40% | Jun 2023 -26% | Sep 2023 -16% | Dec 2023 -1.9% | Mar 2024 23% | Jun 2024 11% | Sep 2024 5.9% | Dec 2024 -0.4% | Mar 2025 -0.1% | Jun 2025 -0.1% | Sep 2025 1.0% | Dec 2025 0.5% | Mar 2026 -4.0% | Jun 2026 — - MAS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.9% | Sep 2022 0.0% | 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 2024 0.2% | Dec 2024 -2.9% | Mar 2025 -6.5% | Jun 2025 -1.9% | Sep 2025 -3.3% | Dec 2025 -1.9% | Mar 2026 6.5% | Jun 2026 — - OC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 16% | Sep 2022 14% | Dec 2022 7.2% | Mar 2023 -0.6% | Jun 2023 -1.5% | Sep 2023 -2.0% | Dec 2023 0.8% | Mar 2024 -13% | Jun 2024 -2.6% | Sep 2024 11% | Dec 2024 12% | Mar 2025 25% | Jun 2025 10% | Sep 2025 -2.9% | Dec 2025 -17% | Mar 2026 -10% | Jun 2026 — - WMS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 37% | Sep 2022 25% | Dec 2022 -8.4% | Mar 2023 -8.9% | Jun 2023 -15% | Sep 2023 -12% | Dec 2023 1.1% | Mar 2024 5.8% | Jun 2024 4.8% | Sep 2024 0.4% | Dec 2024 4.4% | Mar 2025 -5.8% | Jun 2025 1.8% | Sep 2025 8.6% | Dec 2025 0.3% | Mar 2026 9.9% | Jun 2026 — - SPXC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 19% | Dec 2022 30% | Mar 2023 — | Jun 2023 30% | Sep 2023 19% | Dec 2023 26% | Mar 2024 — | Jun 2024 25% | Sep 2024 14% | Dec 2024 14% | Mar 2025 3.9% | Jun 2025 10% | Sep 2025 23% | Dec 2025 19% | Mar 2026 17% | Jun 2026 — - BLDR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 24% | Sep 2022 4.6% | Dec 2022 -6.0% | Mar 2023 -32% | Jun 2023 -35% | Sep 2023 -21% | Dec 2023 -4.8% | Mar 2024 0.2% | 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 — - AAON: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 45% | Sep 2022 75% | Dec 2022 88% | Mar 2023 45% | Jun 2023 36% | Sep 2023 28% | Dec 2023 20% | Mar 2024 -1.5% | Jun 2024 11% | Sep 2024 4.8% | Dec 2024 -2.9% | Mar 2025 23% | Jun 2025 -0.6% | Sep 2025 17% | Dec 2025 42% | Mar 2026 54% | Jun 2026 — - AWI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 15% | Sep 2022 11% | Dec 2022 7.8% | Mar 2023 9.5% | Jun 2023 1.3% | Sep 2023 6.8% | Dec 2023 2.3% | Mar 2024 5.2% | Jun 2024 12% | Sep 2024 12% | Dec 2024 18% | Mar 2025 17% | Jun 2025 16% | Sep 2025 9.8% | Dec 2025 5.4% | Mar 2026 7.1% | Jun 2026 — - FBIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -35% | Sep 2022 -40% | Dec 2022 -42% | Mar 2023 — | Jun 2023 -17% | Sep 2023 -2.7% | Dec 2023 2.6% | Mar 2024 — | Jun 2024 19% | Sep 2024 -0.8% | Dec 2024 -4.9% | Mar 2025 -6.9% | Jun 2025 -3.0% | Sep 2025 -0.5% | Dec 2025 -2.4% | Mar 2026 -2.1% | Jun 2026 — - LPX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -3.3% | Sep 2022 -16% | Dec 2022 -16% | Mar 2023 -50% | Jun 2023 -46% | Sep 2023 -15% | Dec 2023 -6.7% | Mar 2024 24% | Jun 2024 33% | Sep 2024 -0.8% | Dec 2024 3.3% | Mar 2025 0.0% | Jun 2025 -7.3% | Sep 2025 -8.2% | Dec 2025 -17% | Mar 2026 -21% | Jun 2026 — - TREX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 24% | Sep 2022 -44% | Dec 2022 -37% | Mar 2023 -30% | Jun 2023 -7.5% | Sep 2023 62% | Dec 2023 2.1% | Mar 2024 56% | Jun 2024 5.3% | Sep 2024 -23% | Dec 2024 -14% | Mar 2025 -9.1% | Jun 2025 3.2% | Sep 2025 22% | Dec 2025 -4.2% | Mar 2026 0.9% | Jun 2026 — - GFF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 32% | Sep 2022 24% | Dec 2022 9.6% | Mar 2023 -8.9% | Jun 2023 -11% | Sep 2023 -9.6% | Dec 2023 -0.9% | Mar 2024 -5.3% | Jun 2024 -5.1% | Sep 2024 3.0% | Dec 2024 -1.7% | Mar 2025 -37% | Jun 2025 -5.3% | Sep 2025 0.3% | Dec 2025 2.7% | Mar 2026 -1.2% | Jun 2026 — - ARLO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 26% | Sep 2022 — | Dec 2022 15% | Mar 2023 — | Jun 2023 -11% | Sep 2023 -3.4% | Dec 2023 1.6% | Mar 2024 — | Jun 2024 14% | Sep 2024 20% | Dec 2024 -6.2% | Mar 2025 -4.0% | Jun 2025 1.6% | Sep 2025 1.5% | Dec 2025 16% | Mar 2026 26% | Jun 2026 — - ROCK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 5.5% | Sep 2022 6.0% | Dec 2022 -6.0% | Mar 2023 -7.9% | Jun 2023 -0.5% | Sep 2023 0.0% | Dec 2023 4.8% | Mar 2024 0.0% | Jun 2024 -25% | Sep 2024 -29% | Dec 2024 -29% | Mar 2025 -16% | Jun 2025 13% | Sep 2025 12% | Dec 2025 16% | Mar 2026 45% | Jun 2026 — - NPKI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 37% | Sep 2022 45% | Dec 2022 25% | Mar 2023 14% | Jun 2023 -5.7% | Sep 2023 -74% | Dec 2023 -80% | Mar 2024 -76% | Jun 2024 -63% | Sep 2024 -23% | Dec 2024 26% | Mar 2025 33% | Jun 2025 1.5% | Sep 2025 57% | Dec 2025 29% | Mar 2026 15% | Jun 2026 — - NX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 16% | Dec 2022 5.5% | Mar 2023 -1.9% | Jun 2023 -15% | Sep 2023 -7.4% | Dec 2023 -4.2% | Mar 2024 -8.8% | Jun 2024 -2.9% | Sep 2024 -6.7% | Dec 2024 67% | Mar 2025 67% | Jun 2025 70% | Sep 2025 77% | Dec 2025 -0.4% | Mar 2026 2.3% | Jun 2026 2.2% - LMB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -4.1% | Sep 2022 -5.4% | Dec 2022 13% | Mar 2023 5.2% | Jun 2023 7.8% | Sep 2023 4.9% | Dec 2023 0.0% | Mar 2024 -1.7% | Jun 2024 -2.4% | Sep 2024 4.7% | Dec 2024 0.7% | Mar 2025 12% | Jun 2025 16% | Sep 2025 38% | Dec 2025 30% | Mar 2026 4.5% | Jun 2026 — - APOG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 14% | Dec 2022 10% | Mar 2023 4.9% | Jun 2023 1.4% | Sep 2023 -4.8% | Dec 2023 -7.6% | Mar 2024 5.2% | Jun 2024 -8.3% | Sep 2024 -3.4% | Dec 2024 0.3% | Mar 2025 -4.4% | Jun 2025 4.5% | Sep 2025 4.7% | Dec 2025 2.4% | Mar 2026 1.5% | Jun 2026 -1.2% - JBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 32% | Sep 2022 32% | Dec 2022 — | Mar 2023 — | Jun 2023 9.6% | Sep 2023 9.3% | Dec 2023 0.4% | Mar 2024 — | Jun 2024 -1.6% | Sep 2024 -15% | Dec 2024 -13% | Mar 2025 -17% | Jun 2025 -8.1% | Sep 2025 -4.8% | Dec 2025 — | Mar 2026 7.1% | Jun 2026 -2.2% - SWIM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 14% | Dec 2022 17% | Mar 2023 — | Jun 2023 -28% | Sep 2023 -14% | Dec 2023 -52% | Mar 2024 — | Jun 2024 16% | Sep 2024 -15% | Dec 2024 -4.4% | Mar 2025 0.0% | Jun 2025 8.1% | Sep 2025 8.0% | Dec 2025 15% | Mar 2026 5.4% | Jun 2026 — - ASPN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 44% | Sep 2022 23% | Dec 2022 94% | Mar 2023 21% | Jun 2023 4.4% | Sep 2023 65% | Dec 2023 40% | Mar 2024 107% | Jun 2024 146% | Sep 2024 92% | Dec 2024 46% | Mar 2025 -17% | Jun 2025 -34% | Sep 2025 -38% | Dec 2025 -67% | Mar 2026 -52% | Jun 2026 — - PPIH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -7.5% | Dec 2022 8.6% | Mar 2023 -7.7% | Jun 2023 -3.2% | Sep 2023 -5.4% | Dec 2023 21% | Mar 2024 11% | Jun 2024 13% | Sep 2024 8.6% | Dec 2024 -8.7% | Mar 2025 13% | Jun 2025 38% | Sep 2025 26% | Dec 2025 45% | Mar 2026 22% | Jun 2026 6.4% - JELD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -5.4% | Sep 2022 -0.6% | Dec 2022 -8.4% | Mar 2023 — | Jun 2023 -8.3% | Sep 2023 -1.2% | Dec 2023 -13% | Mar 2024 — | Jun 2024 -8.8% | Sep 2024 -17% | Dec 2024 -12% | Mar 2025 -19% | Jun 2025 -16% | Sep 2025 -13% | Dec 2025 -10% | Mar 2026 -7.0% | Jun 2026 — ## Operating Economics & Margin Trend What the numbers say: Johnson Controls International plc leads opm at 60.6%; Aspen Aerogels, Inc. leads margin change at +325.2 percentage points. 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. Evidence: Johnson Controls International plc · 60.6% | 149.4% versus #2 · Trex Company, Inc. | 4/8 recent comparable periods | 28/29 companies · 507 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Johnson Controls International plc (JCI): 61% 2. Trex Company, Inc. (TREX): 24% 3. Armstrong World Industries, Inc. (AWI): 23% 4. Griffon Corporation (GFF): 21% 5. NPK International Inc. (NPKI): 19% ### Margin change — fastest expanders 1. Aspen Aerogels, Inc. (ASPN): +325.2 pp 2. JELD-WEN Holding, Inc. (JELD): +16.2 pp 3. Arlo Technologies, Inc. (ARLO): +6.2 pp 4. Apogee Enterprises, Inc. (APOG): +3.5 pp 5. SPX Technologies, Inc. (SPXC): +1.7 pp ### 20-quarter OPM history - TT: Sep 2021 16% | Dec 2021 12% | Mar 2022 12% | Jun 2022 17% | Sep 2022 17% | Dec 2022 14% | Mar 2023 13% | Jun 2023 19% | Sep 2023 18% | Dec 2023 16% | Mar 2024 15% | Jun 2024 20% | Sep 2024 19% | Dec 2024 17% | Mar 2025 18% | Jun 2025 20% | Sep 2025 20% | Dec 2025 16% | Mar 2026 16% | Jun 2026 — - JCI: Sep 2021 12% | Dec 2021 8.1% | Mar 2022 2.0% | Jun 2022 7.4% | Sep 2022 8.8% | Dec 2022 66% | Mar 2023 63% | Jun 2023 57% | Sep 2023 60% | Dec 2023 60% | Mar 2024 76% | Jun 2024 53% | Sep 2024 60% | Dec 2024 62% | Mar 2025 63% | Jun 2025 61% | Sep 2025 66% | Dec 2025 58% | Mar 2026 61% | Jun 2026 — - CARR: Sep 2021 16% | Dec 2021 9.0% | Mar 2022 37% | Jun 2022 16% | Sep 2022 28% | Dec 2022 8.5% | Mar 2023 11% | Jun 2023 8.2% | Sep 2023 10% | Dec 2023 13% | Mar 2024 7.1% | Jun 2024 12% | Sep 2024 13% | Dec 2024 15% | Mar 2025 12% | Jun 2025 15% | Sep 2025 9.7% | Dec 2025 2.1% | Mar 2026 4.8% | Jun 2026 — - 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 18% | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 16% | Jun 2026 — - LII: Sep 2021 15% | Dec 2021 10% | Mar 2022 11% | Jun 2022 17% | Sep 2022 15% | Dec 2022 12% | Mar 2023 13% | Jun 2023 20% | Sep 2023 14% | Dec 2023 16% | Mar 2024 16% | Jun 2024 22% | Sep 2024 20% | Dec 2024 19% | Mar 2025 16% | Jun 2025 24% | Sep 2025 22% | Dec 2025 19% | Mar 2026 14% | Jun 2026 — - CSL: Sep 2021 13% | Dec 2021 14% | Mar 2022 19% | Jun 2022 23% | Sep 2022 22% | Dec 2022 18% | Mar 2023 14% | Jun 2023 24% | Sep 2023 24% | Dec 2023 23% | Mar 2024 21% | Jun 2024 26% | Sep 2024 24% | Dec 2024 20% | Mar 2025 17% | Jun 2025 23% | Sep 2025 22% | Dec 2025 17% | Mar 2026 17% | Jun 2026 — - MAS: Sep 2021 18% | Dec 2021 11% | Mar 2022 16% | Jun 2022 17% | Sep 2022 16% | Dec 2022 9.6% | Mar 2023 16% | Jun 2023 19% | Sep 2023 19% | Dec 2023 13% | Mar 2024 17% | Jun 2024 19% | Sep 2024 18% | Dec 2024 16% | Mar 2025 16% | Jun 2025 20% | Sep 2025 16% | Dec 2025 14% | Mar 2026 17% | Jun 2026 — - OC: Sep 2021 18% | Dec 2021 15% | Mar 2022 19% | Jun 2022 19% | Sep 2022 24% | Dec 2022 8.0% | Mar 2023 23% | Jun 2023 19% | Sep 2023 19% | Dec 2023 7.9% | Mar 2024 19% | Jun 2024 17% | Sep 2024 17% | Dec 2024 8.4% | Mar 2025 16% | Jun 2025 18% | Sep 2025 -12% | Dec 2025 -11% | Mar 2026 5.3% | Jun 2026 — - WMS: Sep 2021 16% | Dec 2021 15% | Mar 2022 12% | Jun 2022 28% | Sep 2022 25% | Dec 2022 19% | Mar 2023 20% | Jun 2023 32% | Sep 2023 25% | Dec 2023 23% | Mar 2024 21% | Jun 2024 28% | Sep 2024 24% | Dec 2024 18% | Mar 2025 19% | Jun 2025 25% | Sep 2025 26% | Dec 2025 20% | Mar 2026 7.9% | Jun 2026 — - SPXC: Sep 2021 5.8% | Dec 2021 6.2% | Mar 2022 — | Jun 2022 3.7% | Sep 2022 7.7% | Dec 2022 10% | Mar 2023 — | Jun 2023 13% | Sep 2023 12% | Dec 2023 13% | Mar 2024 14% | Jun 2024 15% | Sep 2024 16% | Dec 2024 17% | Mar 2025 14% | Jun 2025 16% | Sep 2025 16% | Dec 2025 16% | Mar 2026 16% | Jun 2026 — - BLDR: Sep 2021 15% | Dec 2021 13% | Mar 2022 15% | Jun 2022 20% | Sep 2022 18% | Dec 2022 12% | Mar 2023 12% | Jun 2023 13% | Sep 2023 14% | Dec 2023 12% | Mar 2024 9.6% | Jun 2024 11% | Sep 2024 10% | Dec 2024 8.0% | Mar 2025 5.0% | Jun 2025 7.4% | Sep 2025 5.8% | Dec 2025 1.8% | Mar 2026 0.5% | Jun 2026 — - AAON: Sep 2021 15% | Dec 2021 4.0% | Mar 2022 13% | Jun 2022 9.8% | Sep 2022 15% | Dec 2022 18% | Mar 2023 17% | Jun 2023 19% | Sep 2023 21% | Dec 2023 21% | Mar 2024 18% | Jun 2024 21% | Sep 2024 20% | Dec 2024 9.9% | Mar 2025 11% | Jun 2025 7.6% | Sep 2025 11% | Dec 2025 10% | Mar 2026 12% | Jun 2026 — - AWI: Sep 2021 25% | Dec 2021 20% | Mar 2022 22% | Jun 2022 22% | Sep 2022 23% | Dec 2022 23% | Mar 2023 23% | Jun 2023 27% | Sep 2023 29% | Dec 2023 21% | Mar 2024 26% | Jun 2024 26% | Sep 2024 29% | Dec 2024 22% | Mar 2025 26% | Jun 2025 29% | Sep 2025 28% | Dec 2025 24% | Mar 2026 23% | Jun 2026 — - FBIN: Sep 2021 14% | Dec 2021 13% | Mar 2022 16% | Jun 2022 18% | Sep 2022 16% | Dec 2022 16% | Mar 2023 — | Jun 2023 13% | Sep 2023 13% | Dec 2023 12% | Mar 2024 14% | Jun 2024 16% | Sep 2024 18% | Dec 2024 16% | Mar 2025 9.4% | Jun 2025 14% | Sep 2025 11% | Dec 2025 11% | Mar 2026 6.0% | Jun 2026 — - LPX: Sep 2021 44% | Dec 2021 27% | Mar 2022 48% | Jun 2022 41% | Sep 2022 20% | Dec 2022 8.4% | Mar 2023 5.1% | Jun 2023 1.3% | Sep 2023 22% | Dec 2023 14% | Mar 2024 20% | Jun 2024 24% | Sep 2024 16% | Dec 2024 11% | Mar 2025 17% | Jun 2025 11% | Sep 2025 2.7% | Dec 2025 -1.6% | Mar 2026 5.9% | Jun 2026 — - TREX: Sep 2021 29% | Dec 2021 10% | Mar 2022 28% | Jun 2022 31% | Sep 2022 10% | Dec 2022 7.6% | Mar 2023 24% | Jun 2023 29% | Sep 2023 28% | Dec 2023 14% | Mar 2024 32% | Jun 2024 31% | Sep 2024 23% | Dec 2024 9.2% | Mar 2025 24% | Jun 2025 26% | Sep 2025 25% | Dec 2025 2.2% | Mar 2026 24% | Jun 2026 — - GFF: Sep 2021 5.7% | Dec 2021 6.5% | Mar 2022 13% | Jun 2022 13% | Sep 2022 -61% | Dec 2022 13% | Mar 2023 -9.3% | Jun 2023 15% | Sep 2023 12% | Dec 2023 13% | Mar 2024 17% | Jun 2024 14% | Sep 2024 17% | Dec 2024 18% | Mar 2025 21% | Jun 2025 -21% | Sep 2025 18% | Dec 2025 18% | Mar 2026 21% | Jun 2026 — - ARLO: Sep 2021 — | Dec 2021 -14% | Mar 2022 — | Jun 2022 -7.0% | Sep 2022 -9.5% | Dec 2022 -11% | Mar 2023 — | Jun 2023 -13% | Sep 2023 -7.0% | Dec 2023 -1.8% | Mar 2024 -8.5% | Jun 2024 -10% | Sep 2024 -4.0% | Dec 2024 -5.0% | Mar 2025 -1.2% | Jun 2025 1.5% | Sep 2025 0.6% | Dec 2025 3.3% | Mar 2026 5.0% | Jun 2026 — - ROCK: Sep 2021 10% | Dec 2021 4.4% | Mar 2022 6.7% | Jun 2022 11% | Sep 2022 12% | Dec 2022 6.8% | Mar 2023 10% | Jun 2023 12% | Sep 2023 14% | Dec 2023 7.6% | Mar 2024 11% | Jun 2024 15% | Sep 2024 16% | Dec 2024 14% | Mar 2025 12% | Jun 2025 13% | Sep 2025 13% | Dec 2025 5.5% | Mar 2026 -1.3% | Jun 2026 — - NPKI: Sep 2021 -4.0% | Dec 2021 -0.3% | Mar 2022 0.5% | Jun 2022 -3.2% | Sep 2022 -9.7% | Dec 2022 4.2% | Mar 2023 5.1% | Jun 2023 3.2% | Sep 2023 11% | Dec 2023 13% | Mar 2024 14% | Jun 2024 19% | Sep 2024 2.8% | Dec 2024 20% | Mar 2025 21% | Jun 2025 17% | Sep 2025 13% | Dec 2025 17% | Mar 2026 19% | Jun 2026 — - NX: Sep 2021 7.7% | Dec 2021 9.3% | Mar 2022 5.3% | Jun 2022 11% | Sep 2022 11% | Dec 2022 9.3% | Mar 2023 1.7% | Jun 2023 11% | Sep 2023 13% | Dec 2023 13% | Mar 2024 3.3% | Jun 2024 7.8% | Sep 2024 8.4% | Dec 2024 0.6% | Mar 2025 -1.7% | Jun 2025 9.0% | Sep 2025 -55% | Dec 2025 8.8% | Mar 2026 0.7% | Jun 2026 4.0% - LMB: Sep 2021 4.7% | Dec 2021 5.2% | Mar 2022 -0.7% | Jun 2022 1.3% | Sep 2022 4.4% | Dec 2022 4.1% | Mar 2023 3.8% | Jun 2023 6.0% | Sep 2023 7.7% | Dec 2023 5.1% | Mar 2024 5.5% | Jun 2024 6.7% | Sep 2024 8.1% | Dec 2024 9.1% | Mar 2025 5.9% | Jun 2025 7.5% | Sep 2025 7.2% | Dec 2025 9.4% | Mar 2026 0.8% | Jun 2026 — - APOG: Sep 2021 -0.9% | Dec 2021 5.3% | Mar 2022 -2.6% | Jun 2022 9.3% | Sep 2022 8.6% | Dec 2022 9.4% | Mar 2023 7.5% | Jun 2023 9.3% | Sep 2023 12% | Dec 2023 11% | Mar 2024 6.0% | Jun 2024 13% | Sep 2024 12% | Dec 2024 8.4% | Mar 2025 1.8% | Jun 2025 2.0% | Sep 2025 7.5% | Dec 2025 7.1% | Mar 2026 7.3% | Jun 2026 5.5% - JBI: Sep 2021 13% | Dec 2021 — | Mar 2022 13% | Jun 2022 15% | Sep 2022 16% | Dec 2022 21% | Mar 2023 — | Jun 2023 20% | Sep 2023 24% | Dec 2023 24% | Mar 2024 22% | Jun 2024 21% | Sep 2024 12% | Dec 2024 5.5% | Mar 2025 12% | Jun 2025 16% | Sep 2025 13% | Dec 2025 — | Mar 2026 9.2% | Jun 2026 5.9% - SWIM: Sep 2021 -23% | Dec 2021 -1.6% | Mar 2022 — | Jun 2022 3.5% | Sep 2022 9.0% | Dec 2022 13% | Mar 2023 — | Jun 2023 -4.6% | Sep 2023 7.6% | Dec 2023 -9.9% | Mar 2024 -1.9% | Jun 2024 13% | Sep 2024 8.9% | Dec 2024 -15% | Mar 2025 -4.4% | Jun 2025 14% | Sep 2025 13% | Dec 2025 -11% | Mar 2026 -5.6% | Jun 2026 — - ASPN: Sep 2021 -38% | Dec 2021 -52% | Mar 2022 -49% | Jun 2022 -50% | Sep 2022 -77% | Dec 2022 -16% | Mar 2023 -42% | Jun 2023 -35% | Sep 2023 -24% | Dec 2023 1.6% | Mar 2024 2.6% | Jun 2024 17% | Sep 2024 15% | Dec 2024 12% | Mar 2025 -380% | Jun 2025 -6.6% | Sep 2025 -4.6% | Dec 2025 -126% | Mar 2026 -55% | Jun 2026 — - PPIH: Sep 2021 10% | Dec 2021 4.8% | Mar 2022 8.4% | Jun 2022 0.5% | Sep 2022 9.0% | Dec 2022 12% | Mar 2023 8.6% | Jun 2023 0.3% | Sep 2023 7.7% | Dec 2023 13% | Mar 2024 11% | Jun 2024 9.1% | Sep 2024 16% | Dec 2024 13% | Mar 2025 12% | Jun 2025 17% | Sep 2025 6.7% | Dec 2025 19% | Mar 2026 13% | Jun 2026 9.2% - JELD: Sep 2021 4.7% | Dec 2021 5.3% | Mar 2022 0.9% | Jun 2022 4.1% | Sep 2022 -1.5% | Dec 2022 2.0% | Mar 2023 — | Jun 2023 2.8% | Sep 2023 5.0% | Dec 2023 0.7% | Mar 2024 -2.9% | Jun 2024 0.5% | Sep 2024 -5.6% | Dec 2024 -5.7% | Mar 2025 -24% | Jun 2025 -1.7% | Sep 2025 -25% | Dec 2025 -1.8% | Mar 2026 -7.6% | Jun 2026 — ### 20-quarter Margin change history - TT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.0 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 — - 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 — - 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 — - 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 — - 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 2025 0.0 pp | Mar 2026 −1.3 pp | Jun 2026 — - 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 — - 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 — - 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 — - 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 — - 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 — - 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 — - 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 — - AWI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −5.7 pp | Sep 2022 −2.1 pp | Dec 2022 +3.6 pp | Mar 2023 +0.2 pp | Jun 2023 +4.4 pp | Sep 2023 +6.3 pp | Dec 2023 −2.0 pp | Mar 2024 +3.8 pp | Jun 2024 −0.7 pp | Sep 2024 −0.1 pp | Dec 2024 +1.1 pp | Mar 2025 −0.7 pp | Jun 2025 +3.0 pp | Sep 2025 −1.2 pp | Dec 2025 +1.4 pp | Mar 2026 −2.7 pp | Jun 2026 — - FBIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +2.3 pp | Sep 2022 +1.7 pp | Dec 2022 +2.8 pp | Mar 2023 — | Jun 2023 −4.8 pp | Sep 2023 −3.0 pp | Dec 2023 −4.6 pp | Mar 2024 — | Jun 2024 +3.4 pp | Sep 2024 +4.7 pp | Dec 2024 +4.6 pp | Mar 2025 −4.6 pp | Jun 2025 −1.8 pp | Sep 2025 −6.8 pp | Dec 2025 −4.8 pp | Mar 2026 −3.4 pp | Jun 2026 — - LPX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −13.4 pp | Sep 2022 −23.8 pp | Dec 2022 −18.8 pp | Mar 2023 −42.5 pp | Jun 2023 −39.6 pp | Sep 2023 +1.9 pp | Dec 2023 +5.1 pp | Mar 2024 +14.9 pp | Jun 2024 +22.5 pp | Sep 2024 −6.0 pp | Dec 2024 −2.5 pp | Mar 2025 −3.4 pp | Jun 2025 −13.2 pp | Sep 2025 −13.4 pp | Dec 2025 −12.6 pp | Mar 2026 −10.7 pp | Jun 2026 — - TREX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +4.1 pp | Sep 2022 −18.9 pp | Dec 2022 −2.4 pp | Mar 2023 −4.1 pp | Jun 2023 −1.1 pp | Sep 2023 +18.1 pp | Dec 2023 +5.9 pp | Mar 2024 +8.0 pp | Jun 2024 +1.7 pp | Sep 2024 −5.2 pp | Dec 2024 −4.3 pp | Mar 2025 −7.9 pp | Jun 2025 −4.7 pp | Sep 2025 +1.5 pp | Dec 2025 −7.0 pp | Mar 2026 +0.3 pp | Jun 2026 — - GFF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +6.2 pp | Sep 2022 −66.9 pp | Dec 2022 +6.0 pp | Mar 2023 −22.5 pp | Jun 2023 +1.6 pp | Sep 2023 +73.6 pp | Dec 2023 +0.5 pp | Mar 2024 +26.2 pp | Jun 2024 −1.2 pp | Sep 2024 +4.5 pp | Dec 2024 +4.7 pp | Mar 2025 +4.4 pp | Jun 2025 −34.3 pp | Sep 2025 +1.1 pp | Dec 2025 −0.2 pp | Mar 2026 −0.6 pp | Jun 2026 — - ARLO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +19.2 pp | Sep 2022 — | Dec 2022 +2.7 pp | Mar 2023 — | Jun 2023 −5.7 pp | Sep 2023 +2.5 pp | Dec 2023 +9.5 pp | Mar 2024 — | Jun 2024 +2.7 pp | Sep 2024 +3.0 pp | Dec 2024 −3.2 pp | Mar 2025 +7.3 pp | Jun 2025 +11.5 pp | Sep 2025 +4.6 pp | Dec 2025 +8.3 pp | Mar 2026 +6.2 pp | Jun 2026 — - ROCK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +1.9 pp | Sep 2022 +1.8 pp | Dec 2022 +2.4 pp | Mar 2023 +3.3 pp | Jun 2023 +0.9 pp | Sep 2023 +1.5 pp | Dec 2023 +0.8 pp | Mar 2024 +0.8 pp | Jun 2024 +3.1 pp | Sep 2024 +2.0 pp | Dec 2024 +6.0 pp | Mar 2025 +0.8 pp | Jun 2025 −2.1 pp | Sep 2025 −2.8 pp | Dec 2025 −8.1 pp | Mar 2026 −12.9 pp | Jun 2026 — - NPKI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −0.9 pp | Sep 2022 −5.7 pp | Dec 2022 +4.5 pp | Mar 2023 +4.6 pp | Jun 2023 +6.4 pp | Sep 2023 +20.7 pp | Dec 2023 +8.9 pp | Mar 2024 +9.1 pp | Jun 2024 +15.5 pp | Sep 2024 −8.2 pp | Dec 2024 +7.1 pp | Mar 2025 +6.7 pp | Jun 2025 −1.7 pp | Sep 2025 +10.4 pp | Dec 2025 −3.5 pp | Mar 2026 −1.7 pp | Jun 2026 — - NX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.8 pp | Dec 2022 0.0 pp | Mar 2023 −3.6 pp | Jun 2023 0.0 pp | Sep 2023 +2.0 pp | Dec 2023 +4.1 pp | Mar 2024 +1.6 pp | Jun 2024 −2.9 pp | Sep 2024 −4.1 pp | Dec 2024 −12.8 pp | Mar 2025 −5.0 pp | Jun 2025 +1.2 pp | Sep 2025 −63.1 pp | Dec 2025 +8.2 pp | Mar 2026 +2.4 pp | Jun 2026 −5.0 pp - LMB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.2 pp | Sep 2022 −0.3 pp | Dec 2022 −1.1 pp | Mar 2023 +4.5 pp | Jun 2023 +4.7 pp | Sep 2023 +3.3 pp | Dec 2023 +1.0 pp | Mar 2024 +1.7 pp | Jun 2024 +0.7 pp | Sep 2024 +0.4 pp | Dec 2024 +4.0 pp | Mar 2025 +0.4 pp | Jun 2025 +0.8 pp | Sep 2025 −0.9 pp | Dec 2025 +0.3 pp | Mar 2026 −5.1 pp | Jun 2026 — - APOG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +9.5 pp | Dec 2022 +4.1 pp | Mar 2023 +10.1 pp | Jun 2023 0.0 pp | Sep 2023 +2.9 pp | Dec 2023 +1.7 pp | Mar 2024 −1.5 pp | Jun 2024 +3.2 pp | Sep 2024 +0.8 pp | Dec 2024 −2.7 pp | Mar 2025 −4.2 pp | Jun 2025 −10.5 pp | Sep 2025 −4.8 pp | Dec 2025 −1.3 pp | Mar 2026 +5.5 pp | Jun 2026 +3.5 pp - JBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +8.9 pp | Sep 2022 +2.7 pp | Dec 2022 — | Mar 2023 — | Jun 2023 +4.9 pp | Sep 2023 +7.7 pp | Dec 2023 +3.7 pp | Mar 2024 — | Jun 2024 +0.6 pp | Sep 2024 −12.2 pp | Dec 2024 −18.7 pp | Mar 2025 −9.8 pp | Jun 2025 −5.0 pp | Sep 2025 +1.8 pp | Dec 2025 — | Mar 2026 −2.8 pp | Jun 2026 −9.9 pp - SWIM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +32.4 pp | Dec 2022 +14.8 pp | Mar 2023 — | Jun 2023 −8.1 pp | Sep 2023 −1.4 pp | Dec 2023 −23.1 pp | Mar 2024 — | Jun 2024 +17.1 pp | Sep 2024 +1.3 pp | Dec 2024 −5.0 pp | Mar 2025 −2.5 pp | Jun 2025 +1.8 pp | Sep 2025 +4.4 pp | Dec 2025 +4.2 pp | Mar 2026 −1.2 pp | Jun 2026 — - ASPN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −28.7 pp | Sep 2022 −39.3 pp | Dec 2022 +35.6 pp | Mar 2023 +7.0 pp | Jun 2023 +14.2 pp | Sep 2023 +53.0 pp | Dec 2023 +17.8 pp | Mar 2024 +44.1 pp | Jun 2024 +52.4 pp | Sep 2024 +38.9 pp | Dec 2024 +10.4 pp | Mar 2025 −382.8 pp | Jun 2025 −23.6 pp | Sep 2025 −19.4 pp | Dec 2025 −138.3 pp | Mar 2026 +325.2 pp | Jun 2026 — - PPIH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.3 pp | Dec 2022 +7.2 pp | Mar 2023 +0.2 pp | Jun 2023 −0.2 pp | Sep 2023 −1.3 pp | Dec 2023 +1.2 pp | Mar 2024 +2.7 pp | Jun 2024 +8.8 pp | Sep 2024 +8.7 pp | Dec 2024 +0.2 pp | Mar 2025 +0.8 pp | Jun 2025 +7.8 pp | Sep 2025 −9.7 pp | Dec 2025 +5.2 pp | Mar 2026 +0.5 pp | Jun 2026 −7.7 pp - JELD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −4.1 pp | Sep 2022 −6.2 pp | Dec 2022 −3.3 pp | Mar 2023 — | Jun 2023 −1.3 pp | Sep 2023 +6.5 pp | Dec 2023 −1.3 pp | Mar 2024 — | Jun 2024 −2.3 pp | Sep 2024 −10.6 pp | Dec 2024 −6.4 pp | Mar 2025 −20.9 pp | Jun 2025 −2.2 pp | Sep 2025 −19.4 pp | Dec 2025 +3.9 pp | Mar 2026 +16.2 pp | Jun 2026 — ## Profit Scale & Acceleration What the numbers say: Advanced Drainage Systems, Inc. leads with $424 million of TTM profit, 56.5% above Fortune Brands Innovations, Inc.. Perma-Pipe International Holdings, Inc. shows 5.9% growth from a $18 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Advanced Drainage Systems, Inc. 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. Evidence: Advanced Drainage Systems, Inc. · $424 million | 56.5% versus #2 · Fortune Brands Innovations, Inc. | 2/8 recent comparable periods | 17/29 companies · 525 observations Definition: 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 profit — largest 1. Advanced Drainage Systems, Inc. (WMS): ₹424 Cr 2. Fortune Brands Innovations, Inc. (FBIN): ₹271 Cr 3. Trex Company, Inc. (TREX): ₹191 Cr 4. AAON, Inc. (AAON): ₹118 Cr 5. Louisiana-Pacific Corporation (LPX): ₹82 Cr ### Profit growth — fastest growers 1. Perma-Pipe International Holdings, Inc. (PPIH): 5.9% 2. Limbach Holdings, Inc. (LMB): 0.0% 3. Trex Company, Inc. (TREX): -3.5% 4. Advanced Drainage Systems, Inc. (WMS): -5.4% 5. AAON, Inc. (AAON): -26% ### 20-quarter Net profit history - TT: Sep 2021 ₹422 Cr | Dec 2021 ₹329 Cr | Mar 2022 ₹270 Cr | Jun 2022 ₹517 Cr | Sep 2022 ₹560 Cr | Dec 2022 ₹449 Cr | Mar 2023 ₹317 Cr | Jun 2023 ₹597 Cr | Sep 2023 ₹639 Cr | Dec 2023 ₹517 Cr | Mar 2024 ₹445 Cr | Jun 2024 ₹767 Cr | Sep 2024 ₹787 Cr | Dec 2024 ₹615 Cr | Mar 2025 ₹618 Cr | Jun 2025 ₹876 Cr | Sep 2025 ₹860 Cr | Dec 2025 ₹619 Cr | Mar 2026 ₹600 Cr | Jun 2026 — - JCI: Sep 2021 ₹316 Cr | Dec 2021 ₹419 Cr | Mar 2022 ₹52 Cr | Jun 2022 ₹443 Cr | Sep 2022 ₹809 Cr | Dec 2022 ₹156 Cr | Mar 2023 ₹174 Cr | Jun 2023 ₹1.1K Cr | Sep 2023 ₹488 Cr | Dec 2023 ₹340 Cr | Mar 2024 ₹-318 Cr | Jun 2024 ₹851 Cr | Sep 2024 ₹538 Cr | Dec 2024 ₹361 Cr | Mar 2025 ₹475 Cr | Jun 2025 ₹618 Cr | Sep 2025 ₹270 Cr | Dec 2025 ₹556 Cr | Mar 2026 ₹612 Cr | Jun 2026 — - CARR: Sep 2021 ₹480 Cr | Dec 2021 ₹332 Cr | Mar 2022 ₹1.4K Cr | Jun 2022 ₹587 Cr | Sep 2022 ₹1.3K Cr | Dec 2022 ₹278 Cr | Mar 2023 ₹387 Cr | Jun 2023 ₹233 Cr | Sep 2023 ₹294 Cr | Dec 2023 ₹436 Cr | Mar 2024 ₹197 Cr | Jun 2024 ₹447 Cr | Sep 2024 ₹598 Cr | Dec 2024 ₹-30 Cr | Mar 2025 ₹437 Cr | Jun 2025 ₹650 Cr | Sep 2025 ₹434 Cr | Dec 2025 ₹37 Cr | Mar 2026 ₹266 Cr | Jun 2026 — - 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 ₹45 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹43 Cr | Jun 2026 — - LII: Sep 2021 ₹126 Cr | Dec 2021 ₹84 Cr | Mar 2022 ₹84 Cr | Jun 2022 ₹177 Cr | Sep 2022 ₹142 Cr | Dec 2022 ₹94 Cr | Mar 2023 ₹98 Cr | Jun 2023 ₹217 Cr | Sep 2023 ₹130 Cr | Dec 2023 ₹146 Cr | Mar 2024 ₹124 Cr | Jun 2024 ₹246 Cr | Sep 2024 ₹239 Cr | Dec 2024 ₹202 Cr | Mar 2025 ₹130 Cr | Jun 2025 ₹278 Cr | Sep 2025 ₹246 Cr | Dec 2025 ₹162 Cr | Mar 2026 ₹117 Cr | Jun 2026 — - CSL: Sep 2021 ₹113 Cr | Dec 2021 ₹129 Cr | Mar 2022 ₹194 Cr | Jun 2022 ₹291 Cr | Sep 2022 ₹233 Cr | Dec 2022 ₹153 Cr | Mar 2023 ₹84 Cr | Jun 2023 ₹227 Cr | Sep 2023 ₹217 Cr | Dec 2023 ₹192 Cr | Mar 2024 ₹171 Cr | Jun 2024 ₹285 Cr | Sep 2024 ₹247 Cr | Dec 2024 ₹162 Cr | Mar 2025 ₹140 Cr | Jun 2025 ₹256 Cr | Sep 2025 ₹214 Cr | Dec 2025 ₹133 Cr | Mar 2026 ₹128 Cr | Jun 2026 — - MAS: Sep 2021 ₹239 Cr | Dec 2021 ₹140 Cr | Mar 2022 ₹252 Cr | Jun 2022 ₹294 Cr | Sep 2022 ₹233 Cr | Dec 2022 ₹126 Cr | Mar 2023 ₹221 Cr | Jun 2023 ₹278 Cr | Sep 2023 ₹260 Cr | Dec 2023 ₹201 Cr | Mar 2024 ₹229 Cr | Jun 2024 ₹272 Cr | Sep 2024 ₹180 Cr | Dec 2024 ₹193 Cr | Mar 2025 ₹198 Cr | Jun 2025 ₹283 Cr | Sep 2025 ₹200 Cr | Dec 2025 ₹176 Cr | Mar 2026 ₹228 Cr | Jun 2026 — - OC: Sep 2021 ₹259 Cr | Dec 2021 ₹228 Cr | Mar 2022 ₹307 Cr | Jun 2022 ₹343 Cr | Sep 2022 ₹469 Cr | Dec 2022 ₹122 Cr | Mar 2023 ₹382 Cr | Jun 2023 ₹344 Cr | Sep 2023 ₹337 Cr | Dec 2023 ₹130 Cr | Mar 2024 ₹298 Cr | Jun 2024 ₹286 Cr | Sep 2024 ₹321 Cr | Dec 2024 ₹-258 Cr | Mar 2025 ₹-93 Cr | Jun 2025 ₹362 Cr | Sep 2025 ₹-494 Cr | Dec 2025 ₹-297 Cr | Mar 2026 ₹-104 Cr | Jun 2026 — - WMS: Sep 2021 ₹76 Cr | Dec 2021 ₹74 Cr | Mar 2022 ₹47 Cr | Jun 2022 ₹187 Cr | Sep 2022 ₹151 Cr | Dec 2022 ₹83 Cr | Mar 2023 ₹85 Cr | Jun 2023 ₹172 Cr | Sep 2023 ₹136 Cr | Dec 2023 ₹106 Cr | Mar 2024 ₹94 Cr | Jun 2024 ₹161 Cr | Sep 2024 ₹130 Cr | Dec 2024 ₹81 Cr | Mar 2025 ₹76 Cr | Jun 2025 ₹143 Cr | Sep 2025 ₹156 Cr | Dec 2025 ₹92 Cr | Mar 2026 ₹33 Cr | Jun 2026 — - SPXC: Sep 2021 ₹18 Cr | Dec 2021 ₹14 Cr | Mar 2022 — | Jun 2022 ₹13 Cr | Sep 2022 ₹19 Cr | Dec 2022 ₹13 Cr | Mar 2023 — | Jun 2023 ₹39 Cr | Sep 2023 ₹38 Cr | Dec 2023 ₹32 Cr | Mar 2024 ₹49 Cr | Jun 2024 ₹45 Cr | Sep 2024 ₹51 Cr | Dec 2024 ₹57 Cr | Mar 2025 ₹52 Cr | Jun 2025 ₹53 Cr | Sep 2025 ₹63 Cr | Dec 2025 ₹78 Cr | Mar 2026 ₹64 Cr | Jun 2026 — - BLDR: Sep 2021 ₹613 Cr | Dec 2021 ₹442 Cr | Mar 2022 ₹640 Cr | Jun 2022 ₹987 Cr | Sep 2022 ₹738 Cr | Dec 2022 ₹385 Cr | Mar 2023 ₹334 Cr | Jun 2023 ₹405 Cr | Sep 2023 ₹451 Cr | Dec 2023 ₹351 Cr | Mar 2024 ₹259 Cr | Jun 2024 ₹344 Cr | Sep 2024 ₹285 Cr | Dec 2024 ₹190 Cr | Mar 2025 ₹96 Cr | Jun 2025 ₹185 Cr | Sep 2025 ₹122 Cr | Dec 2025 ₹32 Cr | Mar 2026 ₹-47 Cr | Jun 2026 — - AAON: Sep 2021 ₹16 Cr | Dec 2021 ₹6 Cr | Mar 2022 ₹18 Cr | Jun 2022 ₹16 Cr | Sep 2022 ₹27 Cr | Dec 2022 ₹39 Cr | Mar 2023 ₹37 Cr | Jun 2023 ₹46 Cr | Sep 2023 ₹48 Cr | Dec 2023 ₹47 Cr | Mar 2024 ₹39 Cr | Jun 2024 ₹52 Cr | Sep 2024 ₹53 Cr | Dec 2024 ₹25 Cr | Mar 2025 ₹29 Cr | Jun 2025 ₹15 Cr | Sep 2025 ₹31 Cr | Dec 2025 ₹32 Cr | Mar 2026 ₹40 Cr | Jun 2026 — - AWI: Sep 2021 ₹51 Cr | Dec 2021 ₹42 Cr | Mar 2022 ₹44 Cr | Jun 2022 ₹52 Cr | Sep 2022 ₹55 Cr | Dec 2022 ₹49 Cr | Mar 2023 ₹47 Cr | Jun 2023 ₹60 Cr | Sep 2023 ₹70 Cr | Dec 2023 ₹47 Cr | Mar 2024 ₹60 Cr | Jun 2024 ₹66 Cr | Sep 2024 ₹77 Cr | Dec 2024 ₹62 Cr | Mar 2025 ₹69 Cr | Jun 2025 ₹88 Cr | Sep 2025 ₹86 Cr | Dec 2025 ₹66 Cr | Mar 2026 ₹67 Cr | Jun 2026 — - FBIN: Sep 2021 ₹202 Cr | Dec 2021 ₹175 Cr | Mar 2022 ₹181 Cr | Jun 2022 ₹192 Cr | Sep 2022 ₹204 Cr | Dec 2022 ₹110 Cr | Mar 2023 — | Jun 2023 ₹85 Cr | Sep 2023 ₹102 Cr | Dec 2023 ₹81 Cr | Mar 2024 ₹96 Cr | Jun 2024 ₹134 Cr | Sep 2024 ₹137 Cr | Dec 2024 ₹105 Cr | Mar 2025 ₹51 Cr | Jun 2025 ₹100 Cr | Sep 2025 ₹71 Cr | Dec 2025 ₹76 Cr | Mar 2026 ₹24 Cr | Jun 2026 — - LPX: Sep 2021 ₹332 Cr | Dec 2021 ₹168 Cr | Mar 2022 ₹421 Cr | Jun 2022 ₹348 Cr | Sep 2022 ₹129 Cr | Dec 2022 ₹-13 Cr | Mar 2023 ₹22 Cr | Jun 2023 ₹-22 Cr | Sep 2023 ₹116 Cr | Dec 2023 ₹57 Cr | Mar 2024 ₹107 Cr | Jun 2024 ₹148 Cr | Sep 2024 ₹90 Cr | Dec 2024 ₹62 Cr | Mar 2025 ₹90 Cr | Jun 2025 ₹54 Cr | Sep 2025 ₹9 Cr | Dec 2025 ₹-8 Cr | Mar 2026 ₹27 Cr | Jun 2026 — - TREX: Sep 2021 ₹74 Cr | Dec 2021 ₹25 Cr | Mar 2022 ₹71 Cr | Jun 2022 ₹89 Cr | Sep 2022 ₹14 Cr | Dec 2022 ₹10 Cr | Mar 2023 ₹41 Cr | Jun 2023 ₹77 Cr | Sep 2023 ₹65 Cr | Dec 2023 ₹21 Cr | Mar 2024 ₹89 Cr | Jun 2024 ₹87 Cr | Sep 2024 ₹41 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹60 Cr | Jun 2025 ₹76 Cr | Sep 2025 ₹52 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹61 Cr | Jun 2026 — - GFF: Sep 2021 ₹13 Cr | Dec 2021 ₹17 Cr | Mar 2022 ₹58 Cr | Jun 2022 ₹53 Cr | Sep 2022 ₹-415 Cr | Dec 2022 ₹49 Cr | Mar 2023 ₹-62 Cr | Jun 2023 ₹49 Cr | Sep 2023 ₹42 Cr | Dec 2023 ₹42 Cr | Mar 2024 ₹64 Cr | Jun 2024 ₹41 Cr | Sep 2024 ₹62 Cr | Dec 2024 ₹71 Cr | Mar 2025 ₹91 Cr | Jun 2025 ₹-120 Cr | Sep 2025 ₹44 Cr | Dec 2025 ₹64 Cr | Mar 2026 ₹87 Cr | Jun 2026 — - ARLO: Sep 2021 — | Dec 2021 ₹-15 Cr | Mar 2022 — | Jun 2022 ₹-8 Cr | Sep 2022 ₹-12 Cr | Dec 2022 ₹-14 Cr | Mar 2023 — | Jun 2023 ₹-14 Cr | Sep 2023 ₹-7 Cr | Dec 2023 ₹-1 Cr | Mar 2024 ₹-10 Cr | Jun 2024 ₹-12 Cr | Sep 2024 ₹-4 Cr | Dec 2024 ₹-5 Cr | Mar 2025 ₹-1 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹15 Cr | Jun 2026 — - ROCK: Sep 2021 ₹28 Cr | Dec 2021 ₹10 Cr | Mar 2022 ₹15 Cr | Jun 2022 ₹29 Cr | Sep 2022 ₹34 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹21 Cr | Jun 2023 ₹31 Cr | Sep 2023 ₹39 Cr | Dec 2023 ₹19 Cr | Mar 2024 ₹25 Cr | Jun 2024 ₹31 Cr | Sep 2024 ₹34 Cr | Dec 2024 ₹47 Cr | Mar 2025 ₹23 Cr | Jun 2025 ₹29 Cr | Sep 2025 ₹33 Cr | Dec 2025 ₹12 Cr | Mar 2026 ₹-12 Cr | Jun 2026 — - NPKI: Sep 2021 ₹-10 Cr | Dec 2021 ₹-4 Cr | Mar 2022 ₹3 Cr | Jun 2022 ₹-8 Cr | Sep 2022 ₹-25 Cr | Dec 2022 ₹13 Cr | Mar 2023 ₹6 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹3 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹4 Cr | Jun 2024 ₹9 Cr | Sep 2024 ₹15 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹10 Cr | Jun 2025 ₹9 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹11 Cr | Mar 2026 ₹10 Cr | Jun 2026 — - NX: Sep 2021 ₹14 Cr | Dec 2021 ₹21 Cr | Mar 2022 ₹11 Cr | Jun 2022 ₹27 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹25 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹22 Cr | Sep 2023 ₹32 Cr | Dec 2023 ₹27 Cr | Mar 2024 ₹10 Cr | Jun 2024 ₹15 Cr | Sep 2024 ₹25 Cr | Dec 2024 ₹-18 Cr | Mar 2025 ₹-25 Cr | Jun 2025 ₹21 Cr | Sep 2025 ₹-276 Cr | Dec 2025 ₹35 Cr | Mar 2026 ₹-4 Cr | Jun 2026 ₹3 Cr - LMB: Sep 2021 ₹4 Cr | Dec 2021 ₹4 Cr | Mar 2022 ₹-2 Cr | Jun 2022 ₹1 Cr | Sep 2022 ₹4 Cr | Dec 2022 ₹4 Cr | Mar 2023 ₹3 Cr | Jun 2023 ₹5 Cr | Sep 2023 ₹7 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹6 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹10 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹9 Cr | Dec 2025 ₹12 Cr | Mar 2026 ₹4 Cr | Jun 2026 — - APOG: Sep 2021 ₹-2 Cr | Dec 2021 ₹11 Cr | Mar 2022 ₹-16 Cr | Jun 2022 ₹23 Cr | Sep 2022 ₹37 Cr | Dec 2022 ₹24 Cr | Mar 2023 ₹20 Cr | Jun 2023 ₹24 Cr | Sep 2023 ₹33 Cr | Dec 2023 ₹27 Cr | Mar 2024 ₹16 Cr | Jun 2024 ₹31 Cr | Sep 2024 ₹31 Cr | Dec 2024 ₹21 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹-3 Cr | Sep 2025 ₹24 Cr | Dec 2025 ₹17 Cr | Mar 2026 ₹17 Cr | Jun 2026 ₹12 Cr - JBI: Sep 2021 ₹16 Cr | Dec 2021 — | Mar 2022 ₹15 Cr | Jun 2022 ₹20 Cr | Sep 2022 ₹23 Cr | Dec 2022 ₹32 Cr | Mar 2023 — | Jun 2023 ₹26 Cr | Sep 2023 ₹37 Cr | Dec 2023 ₹36 Cr | Mar 2024 ₹31 Cr | Jun 2024 ₹28 Cr | Sep 2024 ₹12 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹11 Cr | Jun 2025 ₹21 Cr | Sep 2025 ₹15 Cr | Dec 2025 — | Mar 2026 ₹7 Cr | Jun 2026 ₹0 Cr - SWIM: Sep 2021 ₹-54 Cr | Dec 2021 ₹-11 Cr | Mar 2022 — | Jun 2022 ₹-4 Cr | Sep 2022 ₹4 Cr | Dec 2022 ₹12 Cr | Mar 2023 — | Jun 2023 ₹-17 Cr | Sep 2023 ₹6 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹-8 Cr | Jun 2024 ₹14 Cr | Sep 2024 ₹6 Cr | Dec 2024 ₹-21 Cr | Mar 2025 ₹-6 Cr | Jun 2025 ₹21 Cr | Sep 2025 ₹16 Cr | Dec 2025 ₹-13 Cr | Mar 2026 ₹-9 Cr | Jun 2026 — - AIRJ: Sep 2021 ₹0 Cr | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹1 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹-1 Cr | Jun 2023 ₹-3 Cr | Sep 2023 ₹-5 Cr | Dec 2023 ₹-3 Cr | Mar 2024 ₹182 Cr | Jun 2024 ₹13 Cr | Sep 2024 ₹35 Cr | Dec 2024 ₹-14 Cr | Mar 2025 ₹15 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹-4 Cr | Dec 2025 ₹-22 Cr | Mar 2026 ₹-50 Cr | Jun 2026 — - ASPN: Sep 2021 ₹-8 Cr | Dec 2021 ₹-16 Cr | Mar 2022 ₹-19 Cr | Jun 2022 ₹-24 Cr | Sep 2022 ₹-30 Cr | Dec 2022 ₹-10 Cr | Mar 2023 ₹-17 Cr | Jun 2023 ₹-15 Cr | Sep 2023 ₹-13 Cr | Dec 2023 ₹-1 Cr | Mar 2024 ₹-2 Cr | Jun 2024 ₹17 Cr | Sep 2024 ₹-13 Cr | Dec 2024 ₹11 Cr | Mar 2025 ₹-301 Cr | Jun 2025 ₹-9 Cr | Sep 2025 ₹-6 Cr | Dec 2025 ₹-73 Cr | Mar 2026 ₹-24 Cr | Jun 2026 — - PPIH: Sep 2021 ₹3 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹3 Cr | Jun 2022 ₹-1 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹3 Cr | Jun 2023 ₹-1 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹3 Cr | Mar 2024 ₹10 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹3 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹8 Cr | Mar 2026 ₹6 Cr | Jun 2026 ₹3 Cr - JELD: Sep 2021 ₹41 Cr | Dec 2021 ₹49 Cr | Mar 2022 ₹-1 Cr | Jun 2022 ₹35 Cr | Sep 2022 ₹-45 Cr | Dec 2022 ₹23 Cr | Mar 2023 — | Jun 2023 ₹8 Cr | Sep 2023 ₹23 Cr | Dec 2023 ₹-23 Cr | Mar 2024 ₹-28 Cr | Jun 2024 ₹-18 Cr | Sep 2024 ₹-73 Cr | Dec 2024 ₹-68 Cr | Mar 2025 ₹-190 Cr | Jun 2025 ₹-22 Cr | Sep 2025 ₹-368 Cr | Dec 2025 ₹-42 Cr | Mar 2026 ₹-77 Cr | Jun 2026 — ### 20-quarter Profit growth history - TT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 10% | Sep 2022 33% | Dec 2022 36% | Mar 2023 17% | Jun 2023 15% | Sep 2023 14% | Dec 2023 15% | Mar 2024 40% | Jun 2024 28% | Sep 2024 23% | Dec 2024 19% | Mar 2025 39% | Jun 2025 14% | Sep 2025 9.3% | Dec 2025 0.7% | Mar 2026 -2.9% | Jun 2026 — - JCI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -33% | Sep 2022 156% | Dec 2022 -63% | Mar 2023 235% | Jun 2023 153% | Sep 2023 -40% | Dec 2023 118% | Mar 2024 -283% | Jun 2024 -24% | Sep 2024 10% | Dec 2024 6.2% | Mar 2025 — | Jun 2025 -27% | Sep 2025 -50% | Dec 2025 54% | Mar 2026 29% | Jun 2026 — - CARR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 18% | Sep 2022 178% | Dec 2022 -16% | Mar 2023 -72% | Jun 2023 -60% | Sep 2023 -78% | Dec 2023 57% | Mar 2024 -49% | Jun 2024 92% | Sep 2024 103% | Dec 2024 -107% | Mar 2025 122% | Jun 2025 45% | Sep 2025 -27% | Dec 2025 — | Mar 2026 -39% | Jun 2026 — - 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 — - LII: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 4.1% | Sep 2022 13% | Dec 2022 12% | Mar 2023 17% | Jun 2023 23% | Sep 2023 -8.5% | Dec 2023 55% | Mar 2024 27% | Jun 2024 13% | Sep 2024 84% | Dec 2024 38% | Mar 2025 4.8% | Jun 2025 13% | Sep 2025 2.9% | Dec 2025 -20% | Mar 2026 -10% | Jun 2026 — - CSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 210% | Sep 2022 106% | Dec 2022 19% | Mar 2023 -57% | Jun 2023 -22% | Sep 2023 -6.9% | Dec 2023 25% | Mar 2024 104% | Jun 2024 26% | Sep 2024 14% | Dec 2024 -16% | Mar 2025 -18% | Jun 2025 -10% | Sep 2025 -13% | Dec 2025 -18% | Mar 2026 -8.6% | Jun 2026 — - MAS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -2.5% | Dec 2022 -10% | Mar 2023 -12% | Jun 2023 -5.4% | Sep 2023 12% | Dec 2023 60% | Mar 2024 3.6% | Jun 2024 -2.2% | Sep 2024 -31% | Dec 2024 -4.0% | Mar 2025 -14% | Jun 2025 4.0% | Sep 2025 11% | Dec 2025 -8.8% | Mar 2026 15% | Jun 2026 — - OC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 15% | Sep 2022 81% | Dec 2022 -46% | Mar 2023 24% | Jun 2023 0.3% | Sep 2023 -28% | Dec 2023 6.6% | Mar 2024 -22% | Jun 2024 -17% | Sep 2024 -4.8% | Dec 2024 -298% | Mar 2025 -131% | Jun 2025 27% | Sep 2025 -254% | Dec 2025 — | Mar 2026 — | Jun 2026 — - WMS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 143% | Sep 2022 99% | Dec 2022 12% | Mar 2023 81% | Jun 2023 -8.0% | Sep 2023 -9.9% | Dec 2023 28% | Mar 2024 11% | Jun 2024 -6.4% | Sep 2024 -4.4% | Dec 2024 -24% | Mar 2025 -19% | Jun 2025 -11% | Sep 2025 20% | Dec 2025 14% | Mar 2026 -57% | Jun 2026 — - SPXC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 5.6% | Dec 2022 -7.1% | Mar 2023 — | Jun 2023 200% | Sep 2023 100% | Dec 2023 146% | Mar 2024 — | Jun 2024 15% | Sep 2024 34% | Dec 2024 78% | Mar 2025 6.1% | Jun 2025 18% | Sep 2025 24% | Dec 2025 37% | Mar 2026 23% | Jun 2026 — - BLDR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 99% | Sep 2022 20% | 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 — - AAON: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -24% | Sep 2022 69% | Dec 2022 550% | Mar 2023 106% | Jun 2023 188% | Sep 2023 78% | Dec 2023 21% | Mar 2024 5.4% | Jun 2024 13% | Sep 2024 10% | Dec 2024 -47% | Mar 2025 -26% | Jun 2025 -71% | Sep 2025 -42% | Dec 2025 28% | Mar 2026 38% | Jun 2026 — - AWI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -5.5% | Sep 2022 7.8% | Dec 2022 17% | Mar 2023 6.8% | Jun 2023 15% | Sep 2023 27% | Dec 2023 -4.1% | Mar 2024 28% | Jun 2024 10% | Sep 2024 10% | Dec 2024 32% | Mar 2025 15% | Jun 2025 33% | Sep 2025 12% | Dec 2025 6.5% | Mar 2026 -2.9% | Jun 2026 — - FBIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -12% | Sep 2022 1.0% | Dec 2022 -37% | Mar 2023 — | Jun 2023 -56% | Sep 2023 -50% | Dec 2023 -26% | Mar 2024 — | Jun 2024 58% | Sep 2024 34% | Dec 2024 30% | Mar 2025 -47% | Jun 2025 -25% | Sep 2025 -48% | Dec 2025 -28% | Mar 2026 -53% | Jun 2026 — - LPX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -28% | Sep 2022 -61% | Dec 2022 -108% | Mar 2023 -95% | Jun 2023 -106% | Sep 2023 -10% | Dec 2023 — | Mar 2024 386% | Jun 2024 — | Sep 2024 -22% | Dec 2024 8.8% | Mar 2025 -16% | Jun 2025 -64% | Sep 2025 -90% | Dec 2025 -113% | Mar 2026 -70% | Jun 2026 — - TREX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 46% | Sep 2022 -81% | Dec 2022 -60% | Mar 2023 -42% | Jun 2023 -13% | Sep 2023 364% | Dec 2023 110% | Mar 2024 117% | Jun 2024 13% | Sep 2024 -37% | Dec 2024 -52% | Mar 2025 -33% | Jun 2025 -13% | Sep 2025 27% | Dec 2025 -80% | Mar 2026 1.7% | Jun 2026 — - GFF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 253% | Sep 2022 -3,292% | Dec 2022 188% | Mar 2023 -207% | Jun 2023 -7.6% | Sep 2023 — | Dec 2023 -14% | Mar 2024 — | Jun 2024 -16% | Sep 2024 48% | Dec 2024 69% | Mar 2025 42% | Jun 2025 -393% | Sep 2025 -29% | Dec 2025 -9.9% | Mar 2026 -4.4% | Jun 2026 — - ROCK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 12% | Sep 2022 21% | Dec 2022 -70% | Mar 2023 40% | Jun 2023 6.9% | Sep 2023 15% | Dec 2023 533% | Mar 2024 19% | Jun 2024 0.0% | Sep 2024 -13% | Dec 2024 147% | Mar 2025 -8.0% | Jun 2025 -6.5% | Sep 2025 -2.9% | Dec 2025 -74% | Mar 2026 -152% | Jun 2026 — - NPKI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 100% | Jun 2023 — | Sep 2023 — | Dec 2023 -62% | Mar 2024 -33% | Jun 2024 350% | Sep 2024 400% | Dec 2024 60% | Mar 2025 150% | Jun 2025 0.0% | Sep 2025 -60% | Dec 2025 38% | Mar 2026 0.0% | Jun 2026 — - NX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 86% | Dec 2022 19% | Mar 2023 -82% | Jun 2023 -19% | Sep 2023 23% | Dec 2023 8.0% | Mar 2024 400% | Jun 2024 -32% | Sep 2024 -22% | Dec 2024 -167% | Mar 2025 -350% | Jun 2025 40% | Sep 2025 -1,204% | Dec 2025 — | Mar 2026 — | Jun 2026 -86% - LMB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.0% | Sep 2022 0.0% | Dec 2022 0.0% | Mar 2023 — | Jun 2023 400% | Sep 2023 75% | Dec 2023 25% | Mar 2024 167% | Jun 2024 20% | Sep 2024 0.0% | Dec 2024 100% | Mar 2025 25% | Jun 2025 33% | Sep 2025 29% | Dec 2025 20% | Mar 2026 -60% | Jun 2026 — - APOG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 118% | Mar 2023 — | Jun 2023 4.4% | Sep 2023 -11% | Dec 2023 13% | Mar 2024 -20% | Jun 2024 29% | Sep 2024 -6.1% | Dec 2024 -22% | Mar 2025 -88% | Jun 2025 -110% | Sep 2025 -23% | Dec 2025 -19% | Mar 2026 750% | Jun 2026 — - JBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 44% | Dec 2022 — | Mar 2023 — | Jun 2023 30% | Sep 2023 61% | Dec 2023 13% | Mar 2024 — | Jun 2024 7.7% | Sep 2024 -68% | Dec 2024 -100% | Mar 2025 -65% | Jun 2025 -25% | Sep 2025 25% | Dec 2025 — | Mar 2026 -36% | Jun 2026 -100% - SWIM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 50% | Dec 2023 -100% | Mar 2024 — | Jun 2024 — | Sep 2024 0.0% | Dec 2024 — | Mar 2025 — | Jun 2025 50% | Sep 2025 167% | Dec 2025 — | Mar 2026 — | Jun 2026 — - AIRJ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -600% | Dec 2023 -250% | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 -92% | Jun 2025 -77% | Sep 2025 -111% | Dec 2025 — | Mar 2026 -433% | Jun 2026 — - ASPN: 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 -153% | Sep 2025 — | Dec 2025 -764% | Mar 2026 — | Jun 2026 — - PPIH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -33% | Dec 2022 — | Mar 2023 0.0% | Jun 2023 — | Sep 2023 -50% | Dec 2023 50% | Mar 2024 233% | Jun 2024 — | Sep 2024 300% | Dec 2024 0.0% | Mar 2025 -60% | Jun 2025 200% | Sep 2025 -75% | Dec 2025 167% | Mar 2026 50% | Jun 2026 -50% - JELD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -43% | Sep 2022 -210% | Dec 2022 -53% | Mar 2023 — | Jun 2023 -77% | Sep 2023 — | Dec 2023 -200% | Mar 2024 — | Jun 2024 -325% | Sep 2024 -417% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — ## Return On Capital Employed What the numbers say: Lennox International Inc. leads ROCE at 13.3%, 0.7 percentage points above Masco Corporation. 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. Investor read: Lennox International Inc. 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. Evidence: Lennox International Inc. · 13.3% | 5.6% versus #2 · Masco Corporation | 1/8 recent comparable periods | 29/29 companies · 537 observations Definition: 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. ### ROCE — highest 1. Lennox International Inc. (LII): 13% 2. Masco Corporation (MAS): 13% 3. Trane Technologies plc (TT): 8.2% 4. Armstrong World Industries, Inc. (AWI): 8.0% 5. Trex Company, Inc. (TREX): 7.6% ### ROCE change — fastest improvers 1. Aspen Aerogels, Inc. (ASPN): +48.8 pp 2. Arlo Technologies, Inc. (ARLO): +6.2 pp 3. JELD-WEN Holding, Inc. (JELD): +5.8 pp 4. Madison Air Solutions Corporation (MAIR): +2.2 pp 5. NPK International Inc. (NPKI): +1.6 pp ### 20-quarter ROCE history - TT: Sep 2021 4.2% | Dec 2021 3.2% | Mar 2022 2.9% | Jun 2022 5.5% | Sep 2022 5.7% | Dec 2022 4.5% | Mar 2023 3.5% | Jun 2023 7.0% | Sep 2023 6.7% | Dec 2023 5.3% | Mar 2024 4.8% | Jun 2024 7.7% | Sep 2024 7.3% | Dec 2024 12% | Mar 2025 6.1% | Jun 2025 8.4% | Sep 2025 8.0% | Dec 2025 12% | Mar 2026 5.3% | Jun 2026 8.2% - JCI: Sep 2021 11% | Dec 2021 10% | Mar 2022 12% | Jun 2022 12% | Sep 2022 13% | Dec 2022 0.6% | Mar 2023 0.8% | Jun 2023 2.6% | Sep 2023 1.5% | Dec 2023 1.3% | Mar 2024 -1.3% | Jun 2024 3.6% | Sep 2024 2.5% | Dec 2024 1.6% | Mar 2025 1.9% | Jun 2025 2.5% | Sep 2025 1.5% | Dec 2025 2.6% | Mar 2026 2.8% | Jun 2026 3.4% - CARR: Sep 2021 4.1% | Dec 2021 2.1% | Mar 2022 8.7% | Jun 2022 3.8% | Sep 2022 7.5% | Dec 2022 1.9% | Mar 2023 2.6% | Jun 2023 2.3% | Sep 2023 2.2% | Dec 2023 2.2% | Mar 2024 1.3% | Jun 2024 2.5% | Sep 2024 2.8% | Dec 2024 2.6% | Mar 2025 1.9% | Jun 2025 2.7% | Sep 2025 1.6% | Dec 2025 0.2% | Mar 2026 0.8% | Jun 2026 2.6% - MAIR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.0% | Dec 2023 0.0% | Mar 2024 — | Jun 2024 — | Sep 2024 0.0% | Dec 2024 0.0% | Mar 2025 — | Jun 2025 — | Sep 2025 2.2% | Dec 2025 2.2% | Mar 2026 4.0% | Jun 2026 5.1% - LII: Sep 2021 14% | Dec 2021 7.3% | Mar 2022 7.9% | Jun 2022 16% | Sep 2022 14% | Dec 2022 11% | Mar 2023 9.8% | Jun 2023 19% | Sep 2023 11% | Dec 2023 14% | Mar 2024 11% | Jun 2024 19% | Sep 2024 17% | Dec 2024 12% | Mar 2025 8.3% | Jun 2025 16% | Sep 2025 14% | Dec 2025 8.5% | Mar 2026 6.3% | Jun 2026 13% - CSL: Sep 2021 2.9% | Dec 2021 3.3% | Mar 2022 4.9% | Jun 2022 7.1% | Sep 2022 5.2% | Dec 2022 3.4% | Mar 2023 2.0% | Jun 2023 5.0% | Sep 2023 4.9% | Dec 2023 4.4% | Mar 2024 3.9% | Jun 2024 6.4% | Sep 2024 5.6% | Dec 2024 4.2% | Mar 2025 3.6% | Jun 2025 6.4% | Sep 2025 5.3% | Dec 2025 3.6% | Mar 2026 3.5% | Jun 2026 6.9% - MAS: Sep 2021 10% | Dec 2021 5.8% | Mar 2022 9.7% | Jun 2022 12% | Sep 2022 10% | Dec 2022 5.3% | Mar 2023 9.2% | Jun 2023 12% | Sep 2023 11% | Dec 2023 7.1% | Mar 2024 8.9% | Jun 2024 11% | Sep 2024 9.7% | Dec 2024 8.1% | Mar 2025 7.9% | Jun 2025 11% | Sep 2025 8.2% | Dec 2025 7.0% | Mar 2026 8.9% | Jun 2026 13% - OC: Sep 2021 4.8% | Dec 2021 4.0% | Mar 2022 5.4% | Jun 2022 5.8% | Sep 2022 7.2% | Dec 2022 2.1% | Mar 2023 6.2% | Jun 2023 5.5% | Sep 2023 5.2% | Dec 2023 2.1% | Mar 2024 4.2% | Jun 2024 3.9% | Sep 2024 4.4% | Dec 2024 2.1% | Mar 2025 4.0% | Jun 2025 4.2% | Sep 2025 -2.8% | Dec 2025 -2.0% | Mar 2026 1.1% | Jun 2026 — - WMS: Sep 2021 5.3% | Dec 2021 5.2% | Mar 2022 3.7% | Jun 2022 11% | Sep 2022 9.0% | Dec 2022 5.2% | Mar 2023 5.3% | Jun 2023 9.2% | Sep 2023 7.3% | Dec 2023 5.7% | Mar 2024 5.1% | Jun 2024 8.1% | Sep 2024 6.5% | Dec 2024 4.3% | Mar 2025 3.8% | Jun 2025 6.4% | Sep 2025 6.7% | Dec 2025 3.9% | Mar 2026 1.5% | Jun 2026 — - SPXC: Sep 2021 — | Dec 2021 1.0% | Mar 2022 — | Jun 2022 0.6% | Sep 2022 1.4% | Dec 2022 1.8% | Mar 2023 — | Jun 2023 2.6% | Sep 2023 2.5% | Dec 2023 3.5% | Mar 2024 3.5% | Jun 2024 3.6% | Sep 2024 3.6% | Dec 2024 4.2% | Mar 2025 2.8% | Jun 2025 3.5% | Sep 2025 3.6% | Dec 2025 3.7% | Mar 2026 2.9% | Jun 2026 3.7% - BLDR: Sep 2021 14% | Dec 2021 11% | Mar 2022 10% | Jun 2022 15% | Sep 2022 11% | Dec 2022 6.1% | Mar 2023 5.2% | Jun 2023 6.3% | Sep 2023 7.1% | Dec 2023 5.6% | Mar 2024 4.1% | Jun 2024 5.6% | Sep 2024 4.9% | Dec 2024 3.5% | Mar 2025 1.9% | Jun 2025 3.4% | Sep 2025 2.5% | Dec 2025 0.7% | Mar 2026 0.2% | Jun 2026 1.3% - AAON: Sep 2021 4.9% | Dec 2021 1.1% | Mar 2022 4.5% | Jun 2022 3.8% | Sep 2022 6.8% | Dec 2022 7.6% | Mar 2023 6.6% | Jun 2023 7.7% | Sep 2023 8.9% | Dec 2023 8.6% | Mar 2024 6.0% | Jun 2024 8.2% | Sep 2024 7.7% | Dec 2024 3.2% | Mar 2025 3.7% | Jun 2025 2.3% | Sep 2025 4.0% | Dec 2025 3.7% | Mar 2026 4.5% | Jun 2026 — - AWI: Sep 2021 4.8% | Dec 2021 3.6% | Mar 2022 4.1% | Jun 2022 4.7% | Sep 2022 4.8% | Dec 2022 4.7% | Mar 2023 4.6% | Jun 2023 5.7% | Sep 2023 6.6% | Dec 2023 4.4% | Mar 2024 5.7% | Jun 2024 6.0% | Sep 2024 7.1% | Dec 2024 5.3% | Mar 2025 6.3% | Jun 2025 7.6% | Sep 2025 7.3% | Dec 2025 5.7% | Mar 2026 5.6% | Jun 2026 8.0% - FBIN: Sep 2021 4.9% | Dec 2021 4.3% | Mar 2022 2.7% | Jun 2022 3.3% | Sep 2022 3.0% | Dec 2022 3.5% | Mar 2023 — | Jun 2023 2.3% | Sep 2023 2.5% | Dec 2023 2.7% | Mar 2024 3.0% | Jun 2024 3.8% | Sep 2024 3.9% | Dec 2024 3.5% | Mar 2025 1.8% | Jun 2025 3.2% | Sep 2025 2.4% | Dec 2025 2.3% | Mar 2026 1.1% | Jun 2026 — - LPX: Sep 2021 24% | Dec 2021 13% | Mar 2022 27% | Jun 2022 23% | Sep 2022 8.8% | Dec 2022 3.1% | Mar 2023 1.4% | Jun 2023 0.4% | Sep 2023 7.9% | Dec 2023 4.2% | Mar 2024 6.8% | Jun 2024 9.0% | Sep 2024 5.3% | Dec 2024 3.4% | Mar 2025 5.3% | Jun 2025 3.5% | Sep 2025 0.8% | Dec 2025 -0.4% | Mar 2026 1.5% | Jun 2026 — - TREX: Sep 2021 14% | Dec 2021 4.1% | Mar 2022 13% | Jun 2022 16% | Sep 2022 2.7% | Dec 2022 2.0% | Mar 2023 7.5% | Jun 2023 14% | Sep 2023 12% | Dec 2023 3.6% | Mar 2024 15% | Jun 2024 13% | Sep 2024 5.9% | Dec 2024 1.7% | Mar 2025 8.3% | Jun 2025 9.6% | Sep 2025 6.4% | Dec 2025 0.3% | Mar 2026 7.6% | Jun 2026 — - GFF: Sep 2021 1.6% | Dec 2021 1.9% | Mar 2022 3.9% | Jun 2022 4.1% | Sep 2022 -19% | Dec 2022 3.6% | Mar 2023 -2.4% | Jun 2023 4.0% | Sep 2023 3.6% | Dec 2023 3.8% | Mar 2024 5.2% | Jun 2024 4.3% | Sep 2024 5.5% | Dec 2024 5.6% | Mar 2025 4.5% | Jun 2025 -6.7% | Sep 2025 6.3% | Dec 2025 6.2% | Mar 2026 4.8% | Jun 2026 — - ARLO: Sep 2021 — | Dec 2021 -9.9% | Mar 2022 — | Jun 2022 -5.7% | Sep 2022 -8.4% | Dec 2022 -11% | Mar 2023 — | Jun 2023 -12% | Sep 2023 -7.0% | Dec 2023 -2.0% | Mar 2024 -9.3% | Jun 2024 -12% | Sep 2024 -4.8% | Dec 2024 -4.9% | Mar 2025 -1.2% | Jun 2025 1.5% | Sep 2025 0.7% | Dec 2025 3.6% | Mar 2026 5.0% | Jun 2026 — - ROCK: Sep 2021 4.3% | Dec 2021 1.6% | Mar 2022 2.3% | Jun 2022 4.2% | Sep 2022 4.7% | Dec 2022 2.2% | Mar 2023 3.1% | Jun 2023 4.4% | Sep 2023 5.3% | Dec 2023 2.5% | Mar 2024 3.1% | Jun 2024 4.0% | Sep 2024 4.1% | Dec 2024 2.9% | Mar 2025 2.6% | Jun 2025 3.5% | Sep 2025 3.7% | Dec 2025 1.3% | Mar 2026 -0.3% | Jun 2026 — - NPKI: Sep 2021 -1.0% | Dec 2021 -0.1% | Mar 2022 0.2% | Jun 2022 -1.0% | Sep 2022 -3.6% | Dec 2022 1.7% | Mar 2023 1.8% | Jun 2023 1.0% | Sep 2023 1.1% | Dec 2023 1.1% | Mar 2024 1.3% | Jun 2024 2.4% | Sep 2024 0.3% | Dec 2024 2.7% | Mar 2025 3.1% | Jun 2025 2.7% | Sep 2025 2.6% | Dec 2025 3.4% | Mar 2026 3.9% | Jun 2026 4.3% - NX: Sep 2021 — | Dec 2021 4.8% | Mar 2022 2.4% | Jun 2022 5.9% | Sep 2022 5.9% | Dec 2022 5.0% | Mar 2023 0.7% | Jun 2023 4.5% | Sep 2023 5.8% | Dec 2023 6.2% | Mar 2024 1.1% | Jun 2024 2.9% | Sep 2024 3.2% | Dec 2024 0.2% | Mar 2025 -0.5% | Jun 2025 2.9% | Sep 2025 -22% | Dec 2025 2.3% | Mar 2026 0.2% | Jun 2026 1.0% - LMB: Sep 2021 5.1% | Dec 2021 5.3% | Mar 2022 -0.6% | Jun 2022 1.2% | Sep 2022 4.2% | Dec 2022 4.4% | Mar 2023 3.4% | Jun 2023 5.6% | Sep 2023 6.9% | Dec 2023 4.9% | Mar 2024 4.3% | Jun 2024 5.2% | Sep 2024 6.5% | Dec 2024 7.2% | Mar 2025 4.3% | Jun 2025 5.4% | Sep 2025 6.0% | Dec 2025 7.9% | Mar 2026 0.5% | Jun 2026 — - APOG: Sep 2021 — | Dec 2021 2.2% | Mar 2022 -1.2% | Jun 2022 4.4% | Sep 2022 4.3% | Dec 2022 4.8% | Mar 2023 3.9% | Jun 2023 4.9% | Sep 2023 5.8% | Dec 2023 5.6% | Mar 2024 3.3% | Jun 2024 6.1% | Sep 2024 6.2% | Dec 2024 3.6% | Mar 2025 0.8% | Jun 2025 0.9% | Sep 2025 3.4% | Dec 2025 2.8% | Mar 2026 3.0% | Jun 2026 2.1% - JBI: Sep 2021 3.8% | Dec 2021 — | Mar 2022 3.6% | Jun 2022 3.9% | Sep 2022 4.3% | Dec 2022 5.2% | Mar 2023 — | Jun 2023 4.8% | Sep 2023 5.9% | Dec 2023 5.6% | Mar 2024 4.9% | Jun 2024 4.4% | Sep 2024 2.3% | Dec 2024 1.1% | Mar 2025 2.2% | Jun 2025 3.1% | Sep 2025 2.5% | Dec 2025 — | Mar 2026 1.8% | Jun 2026 1.1% - SWIM: Sep 2021 — | Dec 2021 -0.4% | Mar 2022 — | Jun 2022 1.0% | Sep 2022 2.7% | Dec 2022 3.5% | Mar 2023 — | Jun 2023 -0.8% | Sep 2023 1.7% | Dec 2023 -1.2% | Mar 2024 -0.3% | Jun 2024 2.6% | Sep 2024 1.7% | Dec 2024 -1.8% | Mar 2025 -0.7% | Jun 2025 3.3% | Sep 2025 2.9% | Dec 2025 -1.5% | Mar 2026 -0.9% | Jun 2026 — - AIRJ: Sep 2021 -9.8% | Dec 2021 0.0% | Mar 2022 -0.3% | Jun 2022 -0.2% | Sep 2022 -0.2% | Dec 2022 -0.1% | Mar 2023 -0.3% | Jun 2023 -1.5% | Sep 2023 -2.3% | Dec 2023 -2.1% | Mar 2024 -17% | Jun 2024 -1.8% | Sep 2024 -1.0% | Dec 2024 -1.6% | Mar 2025 -0.9% | Jun 2025 -1.1% | Sep 2025 -0.8% | Dec 2025 -0.9% | Mar 2026 -1.1% | Jun 2026 — - ASPN: Sep 2021 -9.7% | Dec 2021 -14% | Mar 2022 -10% | Jun 2022 -10% | Sep 2022 -12% | Dec 2022 -2.7% | Mar 2023 -4.5% | Jun 2023 -4.1% | Sep 2023 -3.5% | Dec 2023 0.2% | Mar 2024 0.4% | Jun 2024 3.3% | Sep 2024 2.8% | Dec 2024 2.1% | Mar 2025 -54% | Jun 2025 -0.9% | Sep 2025 -0.6% | Dec 2025 -9.2% | Mar 2026 -5.2% | Jun 2026 — - PPIH: Sep 2021 — | Dec 2021 2.1% | Mar 2022 4.1% | Jun 2022 0.2% | Sep 2022 4.0% | Dec 2022 5.6% | Mar 2023 3.8% | Jun 2023 0.1% | Sep 2023 3.2% | Dec 2023 7.3% | Mar 2024 5.1% | Jun 2024 3.6% | Sep 2024 6.5% | Dec 2024 5.8% | Mar 2025 5.2% | Jun 2025 7.4% | Sep 2025 2.8% | Dec 2025 9.6% | Mar 2026 5.6% | Jun 2026 3.4% - JELD: Sep 2021 1.8% | Dec 2021 2.3% | Mar 2022 0.3% | Jun 2022 1.6% | Sep 2022 -0.6% | Dec 2022 0.8% | Mar 2023 — | Jun 2023 1.1% | Sep 2023 2.0% | Dec 2023 0.3% | Mar 2024 -1.1% | Jun 2024 0.2% | Sep 2024 -2.4% | Dec 2024 -2.4% | Mar 2025 -9.1% | Jun 2025 -0.7% | Sep 2025 -11% | Dec 2025 -0.8% | Mar 2026 -3.3% | Jun 2026 — ### 20-quarter ROCE change history - 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 +6.9 pp | Mar 2025 +1.3 pp | Jun 2025 +0.7 pp | Sep 2025 +0.7 pp | Dec 2025 −0.4 pp | Mar 2026 −0.8 pp | Jun 2026 −0.2 pp - 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 +0.9 pp - CARR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +3.4 pp | Dec 2022 −0.2 pp | Mar 2023 −6.1 pp | Jun 2023 −1.5 pp | Sep 2023 −5.3 pp | Dec 2023 +0.3 pp | Mar 2024 −1.3 pp | Jun 2024 +0.2 pp | Sep 2024 +0.6 pp | Dec 2024 +0.4 pp | Mar 2025 +0.6 pp | Jun 2025 +0.2 pp | Sep 2025 −1.2 pp | Dec 2025 −2.4 pp | Mar 2026 −1.1 pp | Jun 2026 −0.1 pp - 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 0.0 pp | Dec 2024 0.0 pp | Mar 2025 — | Jun 2025 — | Sep 2025 +2.2 pp | Dec 2025 +2.2 pp | Mar 2026 — | Jun 2026 — - 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 −3.1 pp | Sep 2025 −2.6 pp | Dec 2025 −3.7 pp | Mar 2026 −2.0 pp | Jun 2026 −2.7 pp - 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 2025 0.0 pp | Sep 2025 −0.3 pp | Dec 2025 −0.6 pp | Mar 2026 −0.1 pp | Jun 2026 +0.5 pp - MAS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 −0.5 pp | Mar 2023 −0.5 pp | Jun 2023 0.0 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 +1.5 pp - 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 2023 0.0 pp | Mar 2024 −2.0 pp | Jun 2024 −1.6 pp | Sep 2024 −0.8 pp | Dec 2024 0.0 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 — - WMS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +3.7 pp | Dec 2022 0.0 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 — - 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 2025 0.0 pp | Dec 2025 −0.5 pp | Mar 2026 +0.1 pp | Jun 2026 +0.2 pp - 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 −2.1 pp - 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 — - AWI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 +1.1 pp | Mar 2023 +0.5 pp | Jun 2023 +1.0 pp | Sep 2023 +1.8 pp | Dec 2023 −0.3 pp | Mar 2024 +1.1 pp | Jun 2024 +0.3 pp | Sep 2024 +0.5 pp | Dec 2024 +0.9 pp | Mar 2025 +0.6 pp | Jun 2025 +1.6 pp | Sep 2025 +0.2 pp | Dec 2025 +0.4 pp | Mar 2026 −0.7 pp | Jun 2026 +0.4 pp - FBIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.9 pp | Dec 2022 −0.8 pp | Mar 2023 — | Jun 2023 −1.0 pp | Sep 2023 −0.5 pp | Dec 2023 −0.8 pp | Mar 2024 — | Jun 2024 +1.5 pp | Sep 2024 +1.4 pp | Dec 2024 +0.8 pp | Mar 2025 −1.2 pp | Jun 2025 −0.6 pp | Sep 2025 −1.5 pp | Dec 2025 −1.2 pp | Mar 2026 −0.7 pp | Jun 2026 — - LPX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −15.4 pp | Dec 2022 −9.4 pp | Mar 2023 −25.1 pp | Jun 2023 −22.2 pp | Sep 2023 −0.9 pp | Dec 2023 +1.1 pp | Mar 2024 +5.4 pp | Jun 2024 +8.6 pp | Sep 2024 −2.6 pp | Dec 2024 −0.8 pp | Mar 2025 −1.5 pp | Jun 2025 −5.5 pp | Sep 2025 −4.5 pp | Dec 2025 −3.8 pp | Mar 2026 −3.8 pp | Jun 2026 — - TREX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −11.3 pp | Dec 2022 −2.1 pp | Mar 2023 −5.2 pp | Jun 2023 −2.0 pp | Sep 2023 +9.0 pp | Dec 2023 +1.6 pp | Mar 2024 +7.3 pp | Jun 2024 −0.8 pp | Sep 2024 −5.8 pp | Dec 2024 −1.9 pp | Mar 2025 −6.5 pp | Jun 2025 −3.6 pp | Sep 2025 +0.5 pp | Dec 2025 −1.4 pp | Mar 2026 −0.7 pp | Jun 2026 — - GFF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −21.0 pp | Dec 2022 +1.7 pp | Mar 2023 −6.3 pp | Jun 2023 −0.1 pp | Sep 2023 +23.0 pp | Dec 2023 +0.2 pp | Mar 2024 +7.6 pp | Jun 2024 +0.3 pp | Sep 2024 +1.9 pp | Dec 2024 +1.8 pp | Mar 2025 −0.7 pp | Jun 2025 −11.0 pp | Sep 2025 +0.8 pp | Dec 2025 +0.6 pp | Mar 2026 +0.3 pp | Jun 2026 — - ARLO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −1.3 pp | Mar 2023 — | Jun 2023 −5.9 pp | Sep 2023 +1.4 pp | Dec 2023 +9.2 pp | Mar 2024 — | Jun 2024 0.0 pp | Sep 2024 +2.2 pp | Dec 2024 −2.9 pp | Mar 2025 +8.1 pp | Jun 2025 +13.1 pp | Sep 2025 +5.5 pp | Dec 2025 +8.5 pp | Mar 2026 +6.2 pp | Jun 2026 — - ROCK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.4 pp | Dec 2022 +0.6 pp | Mar 2023 +0.8 pp | Jun 2023 +0.2 pp | Sep 2023 +0.6 pp | Dec 2023 +0.3 pp | Mar 2024 0.0 pp | Jun 2024 −0.4 pp | Sep 2024 −1.2 pp | Dec 2024 +0.4 pp | Mar 2025 −0.5 pp | Jun 2025 −0.5 pp | Sep 2025 −0.4 pp | Dec 2025 −1.6 pp | Mar 2026 −2.9 pp | Jun 2026 — - NPKI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.6 pp | Dec 2022 +1.8 pp | Mar 2023 +1.6 pp | Jun 2023 +2.0 pp | Sep 2023 +4.7 pp | Dec 2023 −0.6 pp | Mar 2024 −0.5 pp | Jun 2024 +1.4 pp | Sep 2024 −0.8 pp | Dec 2024 +1.6 pp | Mar 2025 +1.8 pp | Jun 2025 +0.3 pp | Sep 2025 +2.3 pp | Dec 2025 +0.7 pp | Mar 2026 +0.8 pp | Jun 2026 +1.6 pp - NX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +0.2 pp | Mar 2023 −1.7 pp | Jun 2023 −1.4 pp | Sep 2023 −0.1 pp | Dec 2023 +1.2 pp | Mar 2024 +0.4 pp | Jun 2024 −1.6 pp | Sep 2024 −2.6 pp | Dec 2024 −6.0 pp | Mar 2025 −1.6 pp | Jun 2025 0.0 pp | Sep 2025 −25.3 pp | Dec 2025 +2.1 pp | Mar 2026 +0.7 pp | Jun 2026 −1.9 pp - LMB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.9 pp | Dec 2022 −0.9 pp | Mar 2023 +4.0 pp | Jun 2023 +4.4 pp | Sep 2023 +2.7 pp | Dec 2023 +0.5 pp | Mar 2024 +0.9 pp | Jun 2024 −0.4 pp | Sep 2024 −0.4 pp | Dec 2024 +2.3 pp | Mar 2025 0.0 pp | Jun 2025 +0.2 pp | Sep 2025 −0.5 pp | Dec 2025 +0.7 pp | Mar 2026 −3.8 pp | Jun 2026 — - APOG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +2.6 pp | Mar 2023 +5.1 pp | Jun 2023 +0.5 pp | Sep 2023 +1.5 pp | Dec 2023 +0.8 pp | Mar 2024 −0.6 pp | Jun 2024 +1.2 pp | Sep 2024 +0.4 pp | Dec 2024 −2.0 pp | Mar 2025 −2.5 pp | Jun 2025 −5.2 pp | Sep 2025 −2.8 pp | Dec 2025 −0.8 pp | Mar 2026 +2.2 pp | Jun 2026 +1.2 pp - JBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.5 pp | Dec 2022 — | Mar 2023 — | Jun 2023 +0.9 pp | Sep 2023 +1.6 pp | Dec 2023 +0.4 pp | Mar 2024 — | Jun 2024 −0.4 pp | Sep 2024 −3.6 pp | Dec 2024 −4.5 pp | Mar 2025 −2.7 pp | Jun 2025 −1.3 pp | Sep 2025 +0.2 pp | Dec 2025 — | Mar 2026 −0.4 pp | Jun 2026 −2.0 pp - SWIM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +3.9 pp | Mar 2023 — | Jun 2023 −1.8 pp | Sep 2023 −1.0 pp | Dec 2023 −4.7 pp | Mar 2024 — | Jun 2024 +3.4 pp | Sep 2024 0.0 pp | Dec 2024 −0.6 pp | Mar 2025 −0.4 pp | Jun 2025 +0.7 pp | Sep 2025 +1.2 pp | Dec 2025 +0.3 pp | Mar 2026 −0.2 pp | Jun 2026 — - AIRJ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +9.6 pp | Dec 2022 −0.1 pp | Mar 2023 0.0 pp | Jun 2023 −1.3 pp | Sep 2023 −2.1 pp | Dec 2023 −2.0 pp | Mar 2024 −16.9 pp | Jun 2024 −0.3 pp | Sep 2024 +1.3 pp | Dec 2024 +0.5 pp | Mar 2025 +16.3 pp | Jun 2025 +0.7 pp | Sep 2025 +0.2 pp | Dec 2025 +0.7 pp | Mar 2026 −0.2 pp | Jun 2026 — - ASPN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.5 pp | Dec 2022 +11.5 pp | Mar 2023 +5.5 pp | Jun 2023 +6.0 pp | Sep 2023 +8.7 pp | Dec 2023 +2.9 pp | Mar 2024 +4.9 pp | Jun 2024 +7.4 pp | Sep 2024 +6.3 pp | Dec 2024 +1.9 pp | Mar 2025 −54.4 pp | Jun 2025 −4.2 pp | Sep 2025 −3.4 pp | Dec 2025 −11.3 pp | Mar 2026 +48.8 pp | Jun 2026 — - PPIH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +3.5 pp | Mar 2023 −0.3 pp | Jun 2023 −0.1 pp | Sep 2023 −0.8 pp | Dec 2023 +1.7 pp | Mar 2024 +1.3 pp | Jun 2024 +3.5 pp | Sep 2024 +3.3 pp | Dec 2024 −1.5 pp | Mar 2025 +0.1 pp | Jun 2025 +3.8 pp | Sep 2025 −3.7 pp | Dec 2025 +3.8 pp | Mar 2026 +0.4 pp | Jun 2026 −4.0 pp - JELD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.4 pp | Dec 2022 −1.5 pp | Mar 2023 — | Jun 2023 −0.5 pp | Sep 2023 +2.6 pp | Dec 2023 −0.5 pp | Mar 2024 — | Jun 2024 −0.9 pp | Sep 2024 −4.4 pp | Dec 2024 −2.7 pp | Mar 2025 −8.0 pp | Jun 2025 −0.9 pp | Sep 2025 −8.6 pp | Dec 2025 +1.6 pp | Mar 2026 +5.8 pp | Jun 2026 — ## Valuation Against Growth & Quality What the numbers say: Louisiana-Pacific Corporation has the lowest comparable PEG at 0.28×, 15.2% below Apogee Enterprises, Inc.. Only 10 of 29 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree. 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. Evidence: Louisiana-Pacific Corporation · 0.28× | 15.2% versus #2 · Apogee Enterprises, Inc. | 0/8 recent comparable periods | 10/29 companies · 103 observations Definition: 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing. ### PEG — lowest PEG 1. Louisiana-Pacific Corporation (LPX): 0.3 2. Apogee Enterprises, Inc. (APOG): 0.3 3. Griffon Corporation (GFF): 0.5 4. Gibraltar Industries, Inc. (ROCK): 0.9 5. Fortune Brands Innovations, Inc. (FBIN): 0.9 ### P/E — lowest P/E 1. Madison Air Solutions Corporation (MAIR): 0.0 2. AirJoule Technologies Corporation (AIRJ): 8.7 3. Apogee Enterprises, Inc. (APOG): 12.0 4. Janus International Group, Inc. (JBI): 15.9 5. Fortune Brands Innovations, Inc. (FBIN): 17.0 ### 20-quarter PEG history - TT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.8 | Jun 2023 0.8 | Sep 2023 1.1 | Dec 2023 1.6 | Mar 2024 1.5 | Jun 2024 1.3 | Sep 2024 1.3 | Dec 2024 1.2 | Mar 2025 1.0 | Jun 2025 1.4 | Sep 2025 1.6 | Dec 2025 2.0 | Mar 2026 4.3 | Jun 2026 — - JCI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.9 | Jun 2023 — | Sep 2023 0.9 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 0.4 | Jun 2025 0.8 | Sep 2025 — | Dec 2025 — | Mar 2026 0.5 | Jun 2026 — - CARR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 0.4 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.7 | Sep 2025 0.7 | Dec 2025 — | Mar 2026 — | Jun 2026 — - LII: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.2 | Jun 2023 1.1 | Sep 2023 2.0 | Dec 2023 1.4 | Mar 2024 1.4 | Jun 2024 1.8 | Sep 2024 0.7 | Dec 2024 0.7 | Mar 2025 0.8 | Jun 2025 0.8 | Sep 2025 1.6 | Dec 2025 — | Mar 2026 — | Jun 2026 — - CSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.3 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 2.1 | Jun 2024 0.7 | Sep 2024 0.6 | Dec 2024 0.5 | Mar 2025 1.7 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - MAS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.3 | Jun 2023 — | Sep 2023 — | Dec 2023 1.6 | Mar 2024 1.3 | Jun 2024 1.1 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 1.5 | Jun 2026 — - OC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.2 | Jun 2023 0.4 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - WMS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.6 | Sep 2023 2.0 | Dec 2023 1.7 | Mar 2024 4.4 | Jun 2024 — | Sep 2024 4.4 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - 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 2025 1.1 | Jun 2025 1.2 | Sep 2025 1.6 | Dec 2025 2.3 | Mar 2026 2.1 | Jun 2026 — - BLDR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.1 | 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 — - AAON: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 0.9 | Jun 2024 1.7 | Sep 2024 4.2 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - AWI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.7 | Jun 2023 1.0 | Sep 2023 0.7 | Dec 2023 1.2 | Mar 2024 1.1 | Jun 2024 1.1 | Sep 2024 1.8 | Dec 2024 1.1 | Mar 2025 1.3 | Jun 2025 1.0 | Sep 2025 1.2 | Dec 2025 1.6 | Mar 2026 1.8 | Jun 2026 — - FBIN: 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 0.9 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - LPX: 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 0.3 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - TREX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 2.8 | Mar 2024 — | Jun 2024 — | Sep 2024 1.3 | Dec 2024 2.0 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - GFF: 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 0.5 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - ROCK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.1 | Jun 2023 1.4 | Sep 2023 1.8 | Dec 2023 0.6 | Mar 2024 0.6 | Jun 2024 0.6 | Sep 2024 1.2 | Dec 2024 0.6 | Mar 2025 0.9 | Jun 2025 0.9 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - NPKI: 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 2.0 | Dec 2025 — | Mar 2026 — | Jun 2026 — - NX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 1.2 | Jun 2024 1.5 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - LMB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.4 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 0.5 | Sep 2024 1.1 | Dec 2024 0.7 | Mar 2025 0.9 | Jun 2025 1.4 | Sep 2025 0.8 | Dec 2025 0.9 | Mar 2026 — | Jun 2026 — - APOG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 0.2 | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 0.3 - PPIH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 1.5 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 2.0 ### 20-quarter P/E history - TT: Sep 2021 31.0 | Dec 2021 34.4 | Mar 2022 25.4 | Jun 2022 20.8 | Sep 2022 20.9 | Dec 2022 22.5 | Mar 2023 23.8 | Jun 2023 23.6 | Sep 2023 23.9 | Dec 2023 27.8 | Mar 2024 32.1 | Jun 2024 32.5 | Sep 2024 36.1 | Dec 2024 32.9 | Mar 2025 28.0 | Jun 2025 34.7 | Sep 2025 32.5 | Dec 2025 30.0 | Mar 2026 32.2 | Jun 2026 37.2 - JCI: Sep 2021 30.0 | Dec 2021 37.0 | Mar 2022 37.7 | Jun 2022 32.1 | Sep 2022 22.5 | Dec 2022 34.8 | Mar 2023 30.0 | Jun 2023 22.8 | Sep 2023 19.8 | Dec 2023 18.8 | Mar 2024 26.5 | Jun 2024 27.8 | Sep 2024 30.8 | Dec 2024 30.1 | Mar 2025 21.4 | Jun 2025 31.3 | Sep 2025 21.9 | Dec 2025 22.6 | Mar 2026 23.4 | Jun 2026 25.4 - CARR: Sep 2021 20.6 | Dec 2021 29.0 | Mar 2022 15.2 | Jun 2022 11.4 | Sep 2022 8.6 | Dec 2022 10.1 | Mar 2023 15.5 | Jun 2023 19.7 | Sep 2023 39.2 | Dec 2023 36.4 | Mar 2024 43.7 | Jun 2024 17.3 | Sep 2024 21.6 | Dec 2024 11.1 | Mar 2025 10.0 | Jun 2025 16.4 | Sep 2025 13.4 | Dec 2025 30.7 | Mar 2026 37.1 | Jun 2026 50.9 - 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 — | Jun 2026 0.0 - LII: Sep 2021 22.6 | Dec 2021 26.2 | Mar 2022 20.7 | Jun 2022 16.0 | Sep 2022 16.5 | Dec 2022 17.2 | Mar 2023 17.5 | Jun 2023 21.1 | Sep 2023 24.7 | Dec 2023 27.0 | Mar 2024 28.3 | Jun 2024 29.7 | Sep 2024 28.7 | Dec 2024 26.9 | Mar 2025 24.6 | Jun 2025 24.2 | Sep 2025 22.1 | Dec 2025 21.3 | Mar 2026 21.0 | Jun 2026 25.9 - CSL: Sep 2021 31.5 | Dec 2021 34.3 | Mar 2022 24.7 | Jun 2022 17.4 | Sep 2022 17.5 | Dec 2022 14.5 | Mar 2023 15.6 | Jun 2023 19.2 | Sep 2023 19.5 | Dec 2023 20.6 | Mar 2024 24.2 | Jun 2024 22.9 | Sep 2024 24.1 | Dec 2024 13.3 | Mar 2025 18.9 | Jun 2025 20.8 | Sep 2025 18.7 | Dec 2025 18.7 | Mar 2026 19.6 | Jun 2026 20.8 - MAS: Sep 2021 30.5 | Dec 2021 43.4 | Mar 2022 22.5 | Jun 2022 14.1 | Sep 2022 12.7 | Dec 2022 12.9 | Mar 2023 14.0 | Jun 2023 16.2 | Sep 2023 14.6 | Dec 2023 16.7 | Mar 2024 19.3 | Jun 2024 16.3 | Sep 2024 22.3 | Dec 2024 19.3 | Mar 2025 19.0 | Jun 2025 17.1 | Sep 2025 18.1 | Dec 2025 16.4 | Mar 2026 15.0 | Jun 2026 18.7 - OC: Sep 2021 9.1 | Dec 2021 9.5 | Mar 2022 8.7 | Jun 2022 6.6 | Sep 2022 5.8 | Dec 2022 6.7 | Mar 2023 6.9 | Jun 2023 9.3 | Sep 2023 10.5 | Dec 2023 11.3 | Mar 2024 13.5 | Jun 2024 14.7 | Sep 2024 15.0 | Dec 2024 23.1 | Mar 2025 50.3 | Jun 2025 35.7 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - WMS: Sep 2021 41.6 | Dec 2021 47.9 | Mar 2022 37.7 | Jun 2022 20.0 | Sep 2022 23.0 | Dec 2022 14.8 | Mar 2023 13.9 | Jun 2023 18.9 | Sep 2023 19.2 | Dec 2023 22.4 | Mar 2024 26.7 | Jun 2024 25.4 | Sep 2024 25.0 | Dec 2024 19.3 | Mar 2025 18.9 | Jun 2025 20.7 | Sep 2025 23.7 | Dec 2025 24.1 | Mar 2026 25.2 | Jun 2026 — - SPXC: Sep 2021 — | Dec 2021 5.9 | Mar 2022 — | Jun 2022 5.7 | Sep 2022 6.8 | Dec 2022 66.5 | Mar 2023 — | Jun 2023 83.0 | Sep 2023 70.2 | Dec 2023 52.3 | Mar 2024 60.1 | Jun 2024 64.0 | Sep 2024 42.5 | Dec 2024 34.2 | Mar 2025 30.0 | Jun 2025 37.4 | Sep 2025 39.1 | Dec 2025 39.8 | Mar 2026 39.1 | Jun 2026 41.6 - BLDR: Sep 2021 7.0 | Dec 2021 10.1 | Mar 2022 5.7 | Jun 2022 3.7 | Sep 2022 3.6 | Dec 2022 3.9 | Mar 2023 5.7 | Jun 2023 10.4 | Sep 2023 10.4 | Dec 2023 14.0 | Mar 2024 17.9 | Jun 2024 12.2 | Sep 2024 18.9 | Dec 2024 15.8 | Mar 2025 16.0 | Jun 2025 17.7 | Sep 2025 23.1 | Dec 2025 26.5 | Mar 2026 31.5 | Jun 2026 98.3 - AAON: Sep 2021 49.5 | Dec 2021 72.5 | Mar 2022 50.2 | Jun 2022 53.2 | Sep 2022 43.1 | Dec 2022 40.5 | Mar 2023 44.5 | Jun 2023 35.1 | Sep 2023 27.9 | Dec 2023 34.7 | Mar 2024 41.0 | Jun 2024 39.3 | Sep 2024 47.5 | Dec 2024 58.3 | Mar 2025 41.1 | Jun 2025 50.2 | Sep 2025 77.2 | Dec 2025 59.1 | Mar 2026 57.9 | Jun 2026 — - AWI: Sep 2021 27.7 | Dec 2021 30.1 | Mar 2022 22.4 | Jun 2022 18.8 | Sep 2022 19.3 | Dec 2022 16.0 | Mar 2023 16.2 | Jun 2023 15.9 | Sep 2023 14.4 | Dec 2023 19.7 | Mar 2024 23.4 | Jun 2024 20.7 | Sep 2024 23.2 | Dec 2024 23.5 | Mar 2025 22.5 | Jun 2025 24.0 | Sep 2025 28.0 | Dec 2025 27.0 | Mar 2026 23.4 | Jun 2026 22.0 - FBIN: Sep 2021 14.1 | Dec 2021 16.5 | Mar 2022 12.1 | Jun 2022 9.9 | Sep 2022 9.5 | Dec 2022 10.9 | Mar 2023 — | Jun 2023 14.0 | Sep 2023 20.3 | Dec 2023 24.0 | Mar 2024 25.9 | Jun 2024 18.4 | Sep 2024 25.0 | Dec 2024 18.5 | Mar 2025 17.8 | Jun 2025 16.1 | Sep 2025 19.9 | Dec 2025 20.8 | Mar 2026 17.0 | Jun 2026 — - LPX: Sep 2021 4.4 | Dec 2021 5.6 | Mar 2022 3.9 | Jun 2022 3.3 | Sep 2022 3.4 | Dec 2022 5.2 | Mar 2023 6.8 | Jun 2023 25.4 | Sep 2023 36.1 | Dec 2023 28.8 | Mar 2024 23.1 | Jun 2024 13.4 | Sep 2024 18.5 | Dec 2024 17.6 | Mar 2025 16.1 | Jun 2025 20.3 | Sep 2025 28.8 | Dec 2025 38.8 | Mar 2026 62.2 | Jun 2026 — - TREX: Sep 2021 52.0 | Dec 2021 75.0 | Mar 2022 32.5 | Jun 2022 24.0 | Sep 2022 25.0 | Dec 2022 25.7 | Mar 2023 35.0 | Jun 2023 50.1 | Sep 2023 34.6 | Dec 2023 44.0 | Mar 2024 42.8 | Jun 2024 30.6 | Sep 2024 30.4 | Dec 2024 31.4 | Mar 2025 30.1 | Jun 2025 29.6 | Sep 2025 26.5 | Dec 2025 19.7 | Mar 2026 20.4 | Jun 2026 — - GFF: Sep 2021 17.3 | Dec 2021 20.5 | Mar 2022 8.5 | Jun 2022 5.8 | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 27.9 | Dec 2023 45.5 | Mar 2024 19.4 | Jun 2024 17.1 | Sep 2024 16.6 | Dec 2024 14.5 | Mar 2025 14.8 | Jun 2025 54.0 | Sep 2025 69.9 | Dec 2025 80.1 | Mar 2026 559.1 | Jun 2026 — - ARLO: 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 567.3 | Dec 2025 99.9 | Mar 2026 47.8 | Jun 2026 — - ROCK: Sep 2021 27.3 | Dec 2021 29.1 | Mar 2022 18.1 | Jun 2022 15.6 | Sep 2022 15.0 | Dec 2022 17.9 | Mar 2023 17.5 | Jun 2023 21.9 | Sep 2023 22.0 | Dec 2023 22.0 | Mar 2024 21.7 | Jun 2024 18.4 | Sep 2024 19.6 | Dec 2024 13.2 | Mar 2025 13.6 | Jun 2025 13.8 | Sep 2025 314.0 | Dec 2025 — | Mar 2026 — | Jun 2026 — - NPKI: 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 12.4 | Jun 2025 17.7 | Sep 2025 29.8 | Dec 2025 26.5 | Mar 2026 31.5 | Jun 2026 31.8 - NX: Sep 2021 — | Dec 2021 12.2 | Mar 2022 12.1 | Jun 2022 8.9 | Sep 2022 9.7 | Dec 2022 8.3 | Mar 2023 10.8 | Jun 2023 8.5 | Sep 2023 11.6 | Dec 2023 10.7 | Mar 2024 11.9 | Jun 2024 13.6 | Sep 2024 14.8 | Dec 2024 32.3 | Mar 2025 34.4 | Jun 2025 27.9 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - LMB: Sep 2021 26.5 | Dec 2021 13.6 | Mar 2022 9.8 | Jun 2022 7.4 | Sep 2022 11.2 | Dec 2022 16.3 | Mar 2023 16.6 | Jun 2023 17.4 | Sep 2023 18.8 | Dec 2023 25.8 | Mar 2024 19.3 | Jun 2024 26.0 | Sep 2024 34.4 | Dec 2024 33.3 | Mar 2025 26.7 | Jun 2025 47.8 | Sep 2025 32.0 | Dec 2025 24.1 | Mar 2026 28.4 | Jun 2026 — - APOG: Sep 2021 — | Dec 2021 — | Mar 2022 325.2 | Jun 2022 61.9 | Sep 2022 17.2 | Dec 2022 16.0 | Mar 2023 9.9 | Jun 2023 8.2 | Sep 2023 11.0 | Dec 2023 9.8 | Mar 2024 12.7 | Jun 2024 13.3 | Sep 2024 14.1 | Dec 2024 18.8 | Mar 2025 12.3 | Jun 2025 16.5 | Sep 2025 21.6 | Dec 2025 19.7 | Mar 2026 15.8 | Jun 2026 12.0 - JBI: Sep 2021 40.5 | Dec 2021 — | Mar 2022 31.3 | Jun 2022 31.4 | Sep 2022 19.9 | Dec 2022 15.4 | Mar 2023 — | Jun 2023 12.6 | Sep 2023 12.3 | Dec 2023 14.2 | Mar 2024 15.9 | Jun 2024 14.2 | Sep 2024 14.3 | Dec 2024 15.0 | Mar 2025 20.5 | Jun 2025 26.4 | Sep 2025 29.5 | Dec 2025 — | Mar 2026 17.5 | Jun 2026 15.9 - SWIM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 51.3 | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 132.0 | Jun 2024 33.7 | Sep 2024 74.9 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 70.6 | Mar 2026 75.6 | Jun 2026 — - AIRJ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 167.8 | Mar 2023 205.0 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 2.9 | Jun 2024 2.4 | Sep 2024 1.2 | Dec 2024 2.0 | Mar 2025 6.3 | Jun 2025 8.7 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - ASPN: 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 2,769.0 | Dec 2024 69.9 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - PPIH: Sep 2021 — | Dec 2021 142.5 | Mar 2022 12.3 | Jun 2022 16.9 | Sep 2022 17.1 | Dec 2022 13.9 | Mar 2023 13.9 | Jun 2023 15.6 | Sep 2023 13.6 | Dec 2023 10.8 | Mar 2024 6.2 | Jun 2024 5.3 | Sep 2024 5.0 | Dec 2024 6.6 | Mar 2025 13.6 | Jun 2025 7.8 | Sep 2025 17.8 | Dec 2025 16.2 | Mar 2026 13.8 | Jun 2026 19.3 - JELD: Sep 2021 15.1 | Dec 2021 15.3 | Mar 2022 15.0 | Jun 2022 11.0 | Sep 2022 16.3 | Dec 2022 18.2 | Mar 2023 — | Jun 2023 23.4 | Sep 2023 37.3 | Dec 2023 25.9 | Mar 2024 57.4 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — ## What can make this comparison misleading? - 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. ## Every company - Trane Technologies plc (TT) — market value ₹1.0 L Cr; latest fundamentals Jun 2026 - Johnson Controls International plc (JCI) — market value ₹93.1K Cr; latest fundamentals Jun 2026 - Carrier Global Corporation (CARR) — market value ₹54.2K Cr; latest fundamentals Jun 2026 - Madison Air Solutions Corporation (MAIR) — market value ₹15.9K Cr; latest fundamentals Jun 2026 - Lennox International Inc. (LII) — market value ₹15.4K Cr; latest fundamentals Jun 2026 - Carlisle Companies Incorporated (CSL) — market value ₹15.3K Cr; latest fundamentals Jun 2026 - Masco Corporation (MAS) — market value ₹15.1K Cr; latest fundamentals Jun 2026 - Owens Corning (OC) — market value ₹11.7K Cr; latest fundamentals Mar 2026 - Advanced Drainage Systems, Inc. (WMS) — market value ₹11.5K Cr; latest fundamentals Mar 2026 - SPX Technologies, Inc. (SPXC) — market value ₹10.8K Cr; latest fundamentals Jun 2026 - Builders FirstSource, Inc. (BLDR) — market value ₹8.1K Cr; latest fundamentals Jun 2026 - AAON, Inc. (AAON) — market value ₹7.8K Cr; latest fundamentals Mar 2026 - Armstrong World Industries, Inc. (AWI) — market value ₹7.7K Cr; latest fundamentals Jun 2026 - Fortune Brands Innovations, Inc. (FBIN) — market value ₹6.3K Cr; latest fundamentals Mar 2026 - Louisiana-Pacific Corporation (LPX) — market value ₹5.4K Cr; latest fundamentals Mar 2026 - Trex Company, Inc. (TREX) — market value ₹4.8K Cr; latest fundamentals Mar 2026 - Griffon Corporation (GFF) — market value ₹4.3K Cr; latest fundamentals Mar 2026 - Arlo Technologies, Inc. (ARLO) — market value ₹1.7K Cr; latest fundamentals Mar 2026 - Gibraltar Industries, Inc. (ROCK) — market value ₹1.4K Cr; latest fundamentals Mar 2026 - NPK International Inc. (NPKI) — market value ₹1.2K Cr; latest fundamentals Jun 2026 - Quanex Building Products Corporation (NX) — market value ₹949 Cr; latest fundamentals Jun 2026 - Limbach Holdings, Inc. (LMB) — market value ₹919 Cr; latest fundamentals Mar 2026 - Apogee Enterprises, Inc. (APOG) — market value ₹888 Cr; latest fundamentals Jun 2026 - Janus International Group, Inc. (JBI) — market value ₹771 Cr; latest fundamentals Jun 2026 - Latham Group, Inc. (SWIM) — market value ₹669 Cr; latest fundamentals Mar 2026 - AirJoule Technologies Corporation (AIRJ) — market value ₹423 Cr; latest fundamentals Mar 2026 - Aspen Aerogels, Inc. (ASPN) — market value ₹419 Cr; latest fundamentals Mar 2026 - Perma-Pipe International Holdings, Inc. (PPIH) — market value ₹209 Cr; latest fundamentals Jun 2026 - JELD-WEN Holding, Inc. (JELD) — market value ₹95 Cr; latest fundamentals Mar 2026 ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-08-04. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Building Products & Equipment sector outperforming S&P 500? Building Products & Equipment has underperformed S&P 500 by 17.7% over 52 weeks and 0.3% over 13 weeks. 5 of 28 covered companies beat the S&P 500 on Mansfield relative strength, while 13 of 28 beat the sector itself. ### Which Building Products & Equipment company is largest by revenue? Owens Corning leads with revenue of $9,838 million, based on 16 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 16 of 29 comparable companies. ### Which Building Products & Equipment company has the strongest 4-Factor Sector Score? Masco Corporation ranks first at 64.4/100 with 57.8% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### Which Building Products & Equipment company has the lowest comparable PEG? Louisiana-Pacific Corporation has the lowest comparable PEG at 0.28, among 10 of 29 companies whose earnings and growth are steady enough for the ratio to mean anything. ### How much history does this Building Products & Equipment comparison include? The page compares up to 20 reported quarters per company for fundamentals, returns 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. ### Which Building Products & Equipment company is the biggest? Owens Corning is the largest, with trailing-twelve-month revenue of $9,838 million, ahead of Fortune Brands Innovations, Inc. at $4,441 million. That covers 16 of 29 companies with comparable reporting through Mar 2026. ### 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? Advanced Drainage Systems, Inc. earns the most, at $424 million of trailing-twelve-month net profit, from 17 of 29 comparable companies. Perma-Pipe International Holdings, Inc. has the fastest profit growth at 5.9%, 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? Lennox International Inc. leads on return on capital employed at 13.3%, 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 PEG — where a LOWER number is cheaper — Louisiana-Pacific Corporation screens cheapest at 0.28×. Only 10 of 29 companies have earnings and growth steady enough for the ratio to mean anything, 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. ### Is the Building Products & Equipment sector beating the market? Building Products & Equipment has underperformed S&P 500 by 17.7% over the last 52 weeks and 0.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 5 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? AirJoule Technologies 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 64.4 out of 100 with 57.8% evidence confidence, from 21.6 points on growth and earnings, 17.8 on capital efficiency, 11 on valuation and 14 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, 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 $401,013 million of combined market value. Trane Technologies plc is the largest at $103,904 million, about 26% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04. ### 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 28.4×, measured on the 29 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 2026-08-04. ### How is the Building Products & Equipment sector performing? 5 of the 28 covered Building Products & Equipment companies are beating S&P 500 on Mansfield relative strength. The sector itself is 17.7% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04. ### 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.