--- title: "Building Products Industry: Companies" description: "12 SEC filers are classified under the Standard Industrial Classification codes that describe the building products industry." canonical: https://www.getswoopr.com/stocks/industries/industrials/building-products/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Building Products Industry ## Direct Answer 12 SEC filers are classified under the Standard Industrial Classification codes that describe the building products industry, and their latest annual reports show $68.9 billion of combined revenue and a median operating margin of 10.1%. Investors should still evaluate its revenue model, industry-specific KPIs, valuation framework and the risks that can change the group's economics. ## Industry Overview Building product companies make windows, doors, roofing, insulation, cabinetry, flooring and HVAC parts sold to builders and remodelers. Results follow housing starts, repair spending and commodity costs. The first numbers to compare across companies here are organic sales growth, gross margin and price versus cost. ## Key Industry Metrics - **Organic sales growth**: Sales change excluding acquisitions and currency. It shows underlying volume and price across windows, roofing, insulation and similar lines, and tracks housing and repair spending. - **Gross margin**: Share of sales left after materials, labor and plant costs. It reflects pricing, plant use and input costs across a broad product range. - **Price versus cost**: Selling price changes compared with changes in input cost. A positive spread means margin gains, while a negative spread means price increases are not covering costs. - **End-market mix between new and repair**: Split of sales between new construction and repair or remodel work. Repair demand is steadier, while new construction follows housing starts and interest rates. - **Channel inventory**: Stock held by distributors, dealers and home centers. When they hold a lot, they cut orders to makers, so shipments may fall short of final demand. ## Primary Macro Drivers - **Housing starts and remodeling**: New and repair demand for windows, roofing and cabinets follows home building and renovation. - **Commercial construction**: Offices, schools and warehouses use products and HVAC parts, adding non-housing demand. - **Raw material costs**: Lumber, resin, steel and glass costs drive margin, so price versus cost determines results. - **Interest rates**: Mortgage and construction loan rates change home buying and building, so they move volumes. ## Major Risks - **Housing downturns**: Slower starts and remodels cut volume and fixed cost absorption; organic growth falls. - **Raw material inflation**: Input costs may rise before selling prices follow, squeezing the price versus cost spread; watch gross margin and any announced price increases. - **Channel destocking**: Distributors and retailers working down stock reduce orders below end demand temporarily; watch channel inventory commentary and organic growth. - **Competition**: Rivals and private labels compete on price, pressuring gross margin and share; watch pricing commentary and mix shifts in the channel. ## Industry Characteristics | Characteristic | Profile | | --- | --- | | Cyclicality | Cyclical | | Capital Intensity | Medium | | Regulatory Intensity | Medium | | Industry Maturity | Mature | | Geographic Importance | U.S. | ## Building Products Filers in the SEC Record 12 companies with annual reports in the dataset are classified by the SEC in the Standard Industrial Classification codes 3430, 3433, 3442, 3585, 2430. Their latest fiscal years end between 2025 and 2026, and together they reported $68.9 billion of revenue. Median revenue growth over the prior year was -2.9%. Median operating margin was 10.1% and median net margin 6.8%. Median total liabilities were 67% of total assets, and 8 of 12 reported a profit in their latest year. | Company | Revenue | Growth | Operating margin | Net margin | Year | | --- | --- | --- | --- | --- | --- | | [Johnson Controls International Plc](https://www.getswoopr.com/stocks/companies/johnson-controls/) | $23.6 billion | 2.8% | n/a | 13.9% | FY 2025 | | [Carrier Global Corp](https://www.getswoopr.com/stocks/companies/carrier-global/) | $21.7 billion | -3.3% | 10.0% | 6.8% | FY 2025 | | [Masco Corp](https://www.getswoopr.com/stocks/companies/masco/) | $7.6 billion | -3.4% | 16.5% | 10.7% | FY 2025 | | [Lennox International Inc](https://www.getswoopr.com/stocks/companies/lennox-international/) | $5.2 billion | -2.7% | 20.0% | 15.5% | FY 2025 | | [Fortune Brands Innovations, Inc.](https://www.getswoopr.com/stocks/companies/fortune-brands-innovations-inc/) | $4.5 billion | -3.2% | 11.6% | 6.7% | FY 2025 | | [Jeld-Wen Holding, Inc.](https://www.getswoopr.com/stocks/companies/jeld-wen-holding-inc/) | $3.2 billion | -14.9% | -13.0% | -19.3% | FY 2025 | | [Aaon, Inc.](https://www.getswoopr.com/stocks/companies/aaon-inc/) | $1.4 billion | 20.1% | 10.1% | 7.5% | FY 2025 | | [Janus International Group, Inc.](https://www.getswoopr.com/stocks/companies/janus-international-group-inc/) | $884 million | -8.3% | 12.6% | 6.1% | FY 2026 | The 8 largest of 12 by revenue. Source: each company's own annual report as filed with the SEC (XBRL data), figures in U.S. dollars. A company's SIC code reflects its main business as the SEC records it, so it can differ from how an index provider or analyst classifies the company, and a diversified group appears under only one code. ## Where to Go Next The Building Products guide describes how the industry earns money, what to measure and what can go wrong. To see how it compares, read the neighbouring industries in the same sector, then apply the same checks to a specific company. ### More in Industrials - [Industrials sector overview](https://www.getswoopr.com/stocks/industries/industrials/) - [Bus Operators](https://www.getswoopr.com/stocks/industries/industrials/bus-operators/) - [Backup Power Systems](https://www.getswoopr.com/stocks/industries/industrials/backup-power-systems/) - [Capital Goods](https://www.getswoopr.com/stocks/industries/industrials/capital-goods/) - [Architectural Products](https://www.getswoopr.com/stocks/industries/industrials/architectural-products/) - [Cold Chain Logistics](https://www.getswoopr.com/stocks/industries/industrials/cold-chain-logistics/) - [Airport Operators](https://www.getswoopr.com/stocks/industries/industrials/airport-operators/) - [Collections Services](https://www.getswoopr.com/stocks/industries/industrials/collections-services/) - [Airline Services](https://www.getswoopr.com/stocks/industries/industrials/airline-services/) ### Put it to work - [How to analyze a stock](https://www.getswoopr.com/stocks/how-to-analyze-a-stock/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) - [Company research](https://www.getswoopr.com/stocks/companies/) - [All industries](https://www.getswoopr.com/stocks/industries/) ## Frequently Asked Questions What are the main KPIs for the Building Products industry? Key performance indicators for the Building Products industry include: Organic sales growth, Gross margin, Price versus cost, End-market mix between new and repair, Channel inventory. Which matter most depends on the company's model, so compare them across several companies rather than relying on one. How cyclical is the Building Products industry? The Building Products industry is cyclical, meaning its revenues and earnings tend to expand during economic expansions and contract during downturns. Investors should monitor leading economic indicators and interest rate trends when evaluating timing. What are the biggest risks in the Building Products industry? The primary risks for Building Products companies include: Housing downturns, Raw material inflation, Channel destocking, Competition. Investors should assess each company's exposure to these factors and its track record of navigating them. **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).