Summit Historical Income Statement

SUM Stock  USD 44.03  0.57  1.31%   
Historical analysis of Summit Materials income statement accounts such as Gross Profit of 553.3 M, Other Operating Expenses of 1.8 B, Operating Income of 171.3 M or Ebit of 345.6 M can show how well Summit Materials performed in making a profits. Evaluating Summit Materials income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Summit Materials's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Summit Materials latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Summit Materials is a good buy for the upcoming year.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.

About Summit Income Statement Analysis

Summit Materials Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Summit Materials shareholders. The income statement also shows Summit investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Summit Materials Income Statement Chart

Summit Materials Income Statement is one of the three primary financial statements used for reporting Summit's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Summit Materials revenue and expense. Summit Materials Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Summit Materials' Net Income is very stable compared to the past year. As of the 28th of March 2024, Income Tax Expense is likely to grow to about 110.1 M, while Interest Expense is likely to drop about 99 M.

Total Revenue

Total revenue comprises all receipts Summit Materials generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Summit Materials minus its cost of goods sold. It is profit before Summit Materials operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Summit Materials. It is also known as Summit Materials overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from Summit Materials' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Summit Materials current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.At this time, Summit Materials' Net Income is very stable compared to the past year. As of the 28th of March 2024, Income Tax Expense is likely to grow to about 110.1 M, while Interest Expense is likely to drop about 99 M.
 2021 2022 2023 2024 (projected)
Interest Expense92.2M87.0M114.2M99.0M
Depreciation And Amortization247.2M209.2M217.6M177.8M

Summit Materials income statement Correlations

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0.170.03-0.050.240.060.260.140.710.540.31-0.010.680.80.260.98-0.10.130.28-0.25-0.490.46-0.950.10.48
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Summit Materials Account Relationship Matchups

Summit Materials income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization204.0M227.7M247.2M209.2M217.6M177.8M
Interest Expense116.5M103.6M92.2M87.0M114.2M99.0M
Selling General Administrative265.1M309.5M196.7M190.2M210.4M224.9M
Total Revenue2.2B2.3B2.4B2.4B2.6B1.9B
Gross Profit695.8M748.5M673.3M649.3M539.5M553.3M
Other Operating Expenses2.0B2.1B2.2B2.2B2.3B1.8B
Operating Income213.6M225.2M253.1M269.0M329.2M171.3M
Ebit213.6M225.2M253.1M269.0M329.2M345.6M
Ebitda417.6M452.9M500.2M478.2M546.7M329.3M
Cost Of Revenue1.5B1.6B1.7B1.8B2.1B1.4B
Total Operating Expenses482.3M530.9M426.1M390.7M210.4M378.2M
Income Before Tax78.2M129.1M198.6M361.5M394.5M414.2M
Total Other Income Expense Net(135.3M)(96.1M)(54.4M)92.4M65.3M68.6M
Net Income59.1M138.0M152.2M272.1M285.9M300.1M
Income Tax Expense17.1M(12.2M)44.4M85.5M104.8M110.1M
Minority Interest17.4M3.3M2.1M3.8M(3.9M)(3.7M)
Net Income From Continuing Ops61.1M141.2M154.3M275.9M316.6M332.4M
Net Income Applicable To Common Shares59.1M138.0M152.2M272.1M313.0M328.6M
Tax Provision17.1M(12.2M)44.4M85.5M51.4M54.0M
Interest Income116.5M103.6M92.2M87.0M78.3M80.7M
Non Recurring2.2M(7.6M)(5.9M)(10.4M)(9.3M)(8.9M)
Non Operating Income Net Other12.0M4.0M37.0M182.7M210.1M220.6M
Net Interest Income(131.1M)(107.7M)(98.3M)(88.7M)(109.8M)(115.3M)
Reconciled Depreciation222.9M227.8M235.3M212.5M221.1M239.1M

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When determining whether Summit Materials is a strong investment it is important to analyze Summit Materials' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Summit Materials' future performance. For an informed investment choice regarding Summit Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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When running Summit Materials' price analysis, check to measure Summit Materials' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Materials is operating at the current time. Most of Summit Materials' value examination focuses on studying past and present price action to predict the probability of Summit Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Materials' price. Additionally, you may evaluate how the addition of Summit Materials to your portfolios can decrease your overall portfolio volatility.
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Is Summit Materials' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Materials. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Materials listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.90)
Earnings Share
2.39
Revenue Per Share
22.004
Quarterly Revenue Growth
0.195
Return On Assets
0.0438
The market value of Summit Materials is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Materials' value that differs from its market value or its book value, called intrinsic value, which is Summit Materials' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Materials' market value can be influenced by many factors that don't directly affect Summit Materials' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Materials' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.