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

<ul><li>Builders FirstSource, a major player in supplying building materials and construction services, navigated a challenging 2025 with a disciplined approach despite unfavorable market conditions such as weak housing affordability, low consumer confidence, and depressed commodity prices.</li><li>The company demonstrated resilience by maintaining robust profitability, with a gross margin above 30% and an EBITDA margin exceeding 10%, which highlights its operational excellence and strategic positioning.</li><li>Positives from Builders FirstSource’s results include its continued investment in value-added operations and strategic acquisitions, which serve to expand its capabilities and competitive footprint.</li></ul>

Builders FirstSource, a major player in supplying building materials and construction services, navigated a challenging 2025 with a disciplined approach despite unfavorable market conditions such as weak housing affordability, low consumer confidence, and depressed commodity prices.The company demonstrated resilience by maintaining robust profitability, with a gross margin above 30% and an EBITDA margin exceeding 10%, which highlights its operational excellence and strategic positioning.Positives from Builders FirstSource’s results include its continued investment in value-added operations and strategic acquisitions, which serve to expand its capabilities and competitive footprint.

建設会社 FirstSource は 8 億 7,400 万ドルのフリー キャッシュ フローにもかかわらず住宅市場の減速に直面しています。

Builders Firstsource

建設会社 FirstSource は 8 億 7,400 万ドルのフリーキャッシュフローにもかかわらず住宅市場の減速に直面しています。

Builders Firstsource

建設会社 FirstSource は 8 億 7,400 万ドルのフリー キャッシュ フローにもかかわらず住宅市場の減速に直面しています。

建設会社 FirstSource は 8 億 7,400 万ドルのフリーキャッシュフローにもかかわらず住宅市場の減速に直面しています。