Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Simpson Manufacturing Co, Inc / Equity Bottom-Up

<ul><li>Simpson Manufacturing Company reported full-year 2025 net sales of $2.3 billion, representing a 4.5% increase from 2024, driven primarily by pricing actions (~3%), acquisitions (~1%), and foreign exchange (~1%), partially offset by a 1% volume decline amid weaker housing starts.</li><li>North American net sales grew to $1.8 billion, up 4.5%, although volumes declined due to regional housing market softness, especially in the Southern and Western U.S., areas typically characterized by higher content per unit.</li><li>The company emphasized its growing focus on premium offerings such as software, services, and equipment, which contribute to revenue but are not captured in traditional volume metrics.</li></ul>

Simpson Manufacturing Company reported full-year 2025 net sales of $2.3 billion, representing a 4.5% increase from 2024, driven primarily by pricing actions (~3%), acquisitions (~1%), and foreign exchange (~1%), partially offset by a 1% volume decline amid weaker housing starts.North American net sales grew to $1.8 billion, up 4.5%, although volumes declined due to regional housing market softness, especially in the Southern and Western U.S., areas typically characterized by higher content per unit.The company emphasized its growing focus on premium offerings such as software, services, and equipment, which contribute to revenue but are not captured in traditional volume metrics.

Simpson Strong-Tie: Flat Housing Market, Yet Above-Market Growth—What’s Driving The Outperformance?