Builders Income Tax Expense vs Net Income Analysis

BLDR Stock

USD 184.55 4.98 2.63%

Builders FirstSource financial indicator trend analysis is way more than just evaluating Builders FirstSource prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Builders FirstSource is a good investment. Please check the relationship between Builders FirstSource Income Tax Expense and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Builders FirstSource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Builders Stock, please use our How to Invest in Builders FirstSource guide.

Income Tax Expense vs Net Income

Income Tax Expense vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Builders FirstSource Income Tax Expense account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Builders FirstSource's Income Tax Expense and Net Income is 0.98. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Net Income in the same time period over historical financial statements of Builders FirstSource, assuming nothing else is changed. The correlation between historical values of Builders FirstSource's Income Tax Expense and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Builders FirstSource are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Tax Expense i.e., Builders FirstSource's Income Tax Expense and Net Income go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Tax Expense

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Builders FirstSource financial statement analysis. It represents the amount of money remaining after all of Builders FirstSource operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Builders FirstSource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Builders FirstSource current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Builders FirstSource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Builders Stock, please use our How to Invest in Builders FirstSource guide.At this time, Builders FirstSource's Selling General Administrative is relatively stable compared to the past year. As of 04/16/2024, Sales General And Administrative To Revenue is likely to grow to 0.23, while Tax Provision is likely to drop slightly above 237.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	5.9B	7.7B	5.9B	6.1B
Total Revenue	19.9B	22.7B	17.1B	18.0B

Gross Profit Total Revenue

Builders FirstSource fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross	Short Term Debt
Total Assets		0.98	0.96	0.02	-0.21	0.02	0.64	0.97	0.98	0.98	0.97	0.99	0.98	0.98	0.84	0.95	1.0	-0.32	0.99	0.99	0.93	0.98	0.97	0.99	0.94	0.89
Total Stockholder Equity	0.98		0.9	0.0	-0.18	0.0	0.6	0.99	0.93	0.94	0.91	0.96	0.94	0.95	0.84	0.89	0.98	-0.36	0.96	0.99	0.89	0.92	0.93	0.98	0.92	0.88
Net Debt	0.96	0.9		-0.04	-0.28	-0.04	0.65	0.91	0.99	0.96	1.0	0.98	0.98	0.97	0.75	0.96	0.96	-0.26	0.96	0.95	0.93	1.0	0.96	0.95	0.93	0.83
Cash	0.02	0.0	-0.04		0.18	1.0	0.06	-0.09	0.04	0.14	0.03	0.0	0.06	0.05	0.29	0.09	-0.03	-0.03	0.04	-0.04	0.05	0.02	0.06	0.05	0.03	0.22
Other Assets	-0.21	-0.18	-0.28	0.18		0.18	-0.54	-0.26	-0.23	-0.22	-0.24	-0.22	-0.19	-0.2	0.13	-0.18	-0.23	0.03	-0.18	-0.23	-0.51	-0.24	-0.19	-0.22	-0.19	-0.02
Cash And Short Term Investments	0.02	0.0	-0.04	1.0	0.18		0.06	-0.09	0.04	0.14	0.03	0.0	0.06	0.05	0.29	0.09	-0.03	-0.03	0.04	-0.04	0.05	0.02	0.06	0.05	0.03	0.22
Common Stock Shares Outstanding	0.64	0.6	0.65	0.06	-0.54	0.06		0.6	0.66	0.74	0.64	0.65	0.7	0.58	0.51	0.72	0.6	-0.31	0.68	0.6	0.67	0.64	0.75	0.7	0.43	0.54
Other Stockholder Equity	0.97	0.99	0.91	-0.09	-0.26	-0.09	0.6		0.93	0.92	0.9	0.95	0.92	0.93	0.75	0.88	0.98	-0.34	0.95	0.99	0.91	0.92	0.91	0.96	0.91	0.81
Total Liab	0.98	0.93	0.99	0.04	-0.23	0.04	0.66	0.93		0.98	1.0	0.99	0.99	0.98	0.8	0.98	0.97	-0.26	0.99	0.96	0.93	1.0	0.98	0.97	0.94	0.87
Total Current Assets	0.98	0.94	0.96	0.14	-0.22	0.14	0.74	0.92	0.98		0.97	0.98	0.99	0.96	0.86	0.98	0.96	-0.3	0.99	0.95	0.91	0.97	0.99	0.99	0.89	0.89
Short Long Term Debt Total	0.97	0.91	1.0	0.03	-0.24	0.03	0.64	0.9	1.0	0.97		0.99	0.98	0.98	0.78	0.97	0.96	-0.26	0.97	0.95	0.92	1.0	0.96	0.95	0.94	0.85
Other Current Liab	0.99	0.96	0.98	0.0	-0.22	0.0	0.65	0.95	0.99	0.98	0.99		0.99	0.98	0.82	0.96	0.99	-0.33	0.99	0.98	0.92	0.99	0.98	0.98	0.94	0.88
Total Current Liabilities	0.98	0.94	0.98	0.06	-0.19	0.06	0.7	0.92	0.99	0.99	0.98	0.99		0.98	0.85	0.99	0.97	-0.27	1.0	0.96	0.9	0.98	0.99	0.98	0.91	0.89
Property Plant And Equipment Net	0.98	0.95	0.97	0.05	-0.2	0.05	0.58	0.93	0.98	0.96	0.98	0.98	0.98		0.84	0.95	0.98	-0.28	0.97	0.97	0.93	0.98	0.95	0.97	0.97	0.91
Retained Earnings	0.84	0.84	0.75	0.29	0.13	0.29	0.51	0.75	0.8	0.86	0.78	0.82	0.85	0.84		0.83	0.81	-0.4	0.86	0.8	0.67	0.78	0.85	0.86	0.77	0.93
Accounts Payable	0.95	0.89	0.96	0.09	-0.18	0.09	0.72	0.88	0.98	0.98	0.97	0.96	0.99	0.95	0.83		0.93	-0.19	0.98	0.92	0.88	0.97	0.99	0.95	0.88	0.86
Non Current Assets Total	1.0	0.98	0.96	-0.03	-0.23	-0.03	0.6	0.98	0.97	0.96	0.96	0.99	0.97	0.98	0.81	0.93		-0.32	0.98	1.0	0.93	0.97	0.95	0.98	0.96	0.87
Non Currrent Assets Other	-0.32	-0.36	-0.26	-0.03	0.03	-0.03	-0.31	-0.34	-0.26	-0.3	-0.26	-0.33	-0.27	-0.28	-0.4	-0.19	-0.32		-0.28	-0.33	-0.19	-0.26	-0.33	-0.35	-0.14	-0.3
Net Receivables	0.99	0.96	0.96	0.04	-0.18	0.04	0.68	0.95	0.99	0.99	0.97	0.99	1.0	0.97	0.86	0.98	0.98	-0.28		0.98	0.9	0.98	0.99	0.99	0.92	0.89
Good Will	0.99	0.99	0.95	-0.04	-0.23	-0.04	0.6	0.99	0.96	0.95	0.95	0.98	0.96	0.97	0.8	0.92	1.0	-0.33	0.98		0.92	0.96	0.94	0.98	0.95	0.86
Common Stock Total Equity	0.93	0.89	0.93	0.05	-0.51	0.05	0.67	0.91	0.93	0.91	0.92	0.92	0.9	0.93	0.67	0.88	0.93	-0.19	0.9	0.92		0.93	0.88	0.91	0.92	0.77
Non Current Liabilities Total	0.98	0.92	1.0	0.02	-0.24	0.02	0.64	0.92	1.0	0.97	1.0	0.99	0.98	0.98	0.78	0.97	0.97	-0.26	0.98	0.96	0.93		0.96	0.96	0.95	0.85
Inventory	0.97	0.93	0.96	0.06	-0.19	0.06	0.75	0.91	0.98	0.99	0.96	0.98	0.99	0.95	0.85	0.99	0.95	-0.33	0.99	0.94	0.88	0.96		0.98	0.87	0.88
Other Current Assets	0.99	0.98	0.95	0.05	-0.22	0.05	0.7	0.96	0.97	0.99	0.95	0.98	0.98	0.97	0.86	0.95	0.98	-0.35	0.99	0.98	0.91	0.96	0.98		0.91	0.9
Property Plant And Equipment Gross	0.94	0.92	0.93	0.03	-0.19	0.03	0.43	0.91	0.94	0.89	0.94	0.94	0.91	0.97	0.77	0.88	0.96	-0.14	0.92	0.95	0.92	0.95	0.87	0.91		0.86
Short Term Debt	0.89	0.88	0.83	0.22	-0.02	0.22	0.54	0.81	0.87	0.89	0.85	0.88	0.89	0.91	0.93	0.86	0.87	-0.3	0.89	0.86	0.77	0.85	0.88	0.9	0.86

Click cells to compare fundamentals

Builders FirstSource Account Relationship Matchups

Builders FirstSource fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.2B	4.2B	10.7B	10.6B	10.7B	11.3B
Total Stockholder Equity	825.0M	1.2B	4.8B	5.0B	4.7B	5.0B
Net Debt	1.6B	1.5B	3.4B	3.4B	3.6B	3.8B
Cash	14.1M	423.8M	42.6M	80.4M	66.2M	85.0M
Other Assets	30.6M	295.7M	29.2M	36.4M	32.7M	57.2M
Cash And Short Term Investments	14.1M	423.8M	42.6M	80.4M	66.2M	85.0M
Common Stock Shares Outstanding	117.0M	117.9M	203.5M	163.5M	129.0M	93.8M
Liabilities And Stockholders Equity	3.2B	4.2B	10.7B	10.6B	10.7B	11.3B
Other Stockholder Equity	575.0M	589.2M	4.3B	4.3B	4.3B	4.5B
Total Liab	2.4B	3.0B	5.9B	5.6B	6.0B	6.3B
Total Current Assets	1.3B	2.2B	4.0B	3.5B	3.3B	3.5B
Short Long Term Debt Total	1.6B	1.9B	3.4B	3.5B	3.7B	3.9B
Other Current Liab	258.8M	308.5M	718.9M	739.0M	717.5M	753.4M
Total Current Liabilities	821.3M	1.1B	2.1B	1.8B	1.9B	2.0B
Property Plant And Equipment Net	1.0B	1.0B	1.8B	2.1B	2.3B	2.4B
Retained Earnings	248.8M	562.4M	540.0M	703.5M	460.2M	483.2M
Accounts Payable	436.8M	600.4M	1.1B	803.5M	881.4M	925.5M
Non Current Assets Total	1.9B	1.9B	6.7B	7.1B	7.4B	7.8B
Non Currrent Assets Other	22.2M	16.5M	29.2M	(233.3M)	38.0M	39.9M
Net Receivables	692.4M	956.5M	2.2B	1.9B	1.9B	2.0B
Good Will	769.0M	785.3M	3.3B	3.5B	3.6B	3.7B
Common Stock Total Equity	1.2M	1.2M	1.2M	1.8M	2.1M	2.2M
Non Current Liabilities Total	1.6B	1.9B	3.8B	3.8B	4.2B	4.4B
Inventory	561.3M	784.5M	1.6B	1.4B	1.2B	1.3B
Other Current Assets	39.1M	58.9M	128.0M	124.2M	113.4M	119.1M
Property Plant And Equipment Gross	1.0B	1.0B	1.8B	2.1B	3.3B	3.5B
Short Term Debt	75.5M	89.0M	100.3M	107.1M	101.9M	107.0M
Intangible Assets	128.4M	119.9M	1.6B	1.6B	1.3B	1.4B
Common Stock	1.2M	1.2M	1.8M	1.4M	1.2M	958.3K
Other Liab	88.9M	129.9M	481.7M	407.5M	468.6M	492.1M
Long Term Debt	1.3B	1.6B	2.9B	3.0B	3.2B	3.3B
Property Plant Equipment	721.9M	749.1M	1.8B	2.1B	2.4B	2.5B
Current Deferred Revenue	50.2M	77.0M	216.1M	193.2M	162.7M	170.8M
Net Tangible Assets	(72.5M)	247.6M	(71.1M)	(45.2M)	(52.0M)	(54.6M)
Retained Earnings Total Equity	35.0M	248.8M	562.4M	540.0M	621.0M	652.1M
Long Term Debt Total	1.5B	1.3B	1.6B	2.9B	3.4B	3.5B
Capital Surpluse	560.2M	575.0M	589.2M	4.3B	4.9B	5.1B
Non Current Liabilities Other	289.2M	299.6M	119.6M	137.9M	125.0M	118.7M

Pair Trading with Builders FirstSource

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Builders FirstSource position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Builders FirstSource will appreciate offsetting losses from the drop in the long position's value.

Moving together with Builders Stock

0.91	NX	Quanex Building Products Financial Report 6th of June 2024	Pair Corr
0.63	OC	Owens Corning Financial Report 24th of April 2024	Pair Corr
0.92	TT	Trane Technologies plc Financial Report 1st of May 2024	Pair Corr
0.84	DOOR	Masonite International Financial Report 13th of May 2024	Pair Corr

Moving against Builders Stock

0.56	PPIH	Perma Pipe Internati Report 25th of April 2024	Pair Corr
0.48	AEHL	Antelope Enterprise Report 7th of May 2024	Pair Corr

The ability to find closely correlated positions to Builders FirstSource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Builders FirstSource when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Builders FirstSource - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Builders FirstSource to buy it.

The correlation of Builders FirstSource is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Builders FirstSource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Builders FirstSource moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Builders FirstSource can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Builders FirstSource is a strong investment it is important to analyze Builders FirstSource's 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 Builders FirstSource's future performance. For an informed investment choice regarding Builders Stock, refer to the following important reports:

How To Invest In Builders

Details

Is Builders Stock a good investment?

Details

What is Builders FirstSource's Net Worth?

Details

Largest Building Products Companies

View

Largest Building Products & Equipment Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Builders FirstSource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Builders Stock, please use our How to Invest in Builders FirstSource guide.

Note that the Builders FirstSource information on this page should be used as a complementary analysis to other Builders FirstSource's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Complementary Tools for Builders Stock analysis

When running Builders FirstSource's price analysis, check to measure Builders FirstSource's 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 Builders FirstSource is operating at the current time. Most of Builders FirstSource's value examination focuses on studying past and present price action to predict the probability of Builders FirstSource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Builders FirstSource's price. Additionally, you may evaluate how the addition of Builders FirstSource to your portfolios can decrease your overall portfolio volatility.

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Is Builders FirstSource's 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 Builders FirstSource. If investors know Builders 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 Builders FirstSource 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

0.077

Earnings Share

11.94

Revenue Per Share

133.806

Quarterly Revenue Growth

(0.05)

Return On Assets

0.129

The market value of Builders FirstSource is measured differently than its book value, which is the value of Builders that is recorded on the company's balance sheet. Investors also form their own opinion of Builders FirstSource's value that differs from its market value or its book value, called intrinsic value, which is Builders FirstSource's 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 Builders FirstSource's market value can be influenced by many factors that don't directly affect Builders FirstSource's 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 Builders FirstSource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Builders FirstSource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Builders FirstSource's 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.

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Builders Income Tax Expense vs Net Income Analysis

Income Tax Expense vs Net Income

Income Tax Expense vs Net Income Correlation Analysis

Correlation Coefficient

Income Tax Expense

Net Income

Builders FirstSource fundamental ratios Correlations

Builders FirstSource Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Builders FirstSource fundamental ratios Accounts

Pair Trading with Builders FirstSource

Moving together with Builders Stock

Moving against Builders Stock

Complementary Tools for Builders Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Short Long Term Debt Total	+ 1.0	Net Debt
Non Current Liabilities Total	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 1.0	Total Liab
Non Current Liabilities Total	+ 1.0	Total Liab

Common Stock Shares Outstanding	- 0.54	Other Assets
Common Stock Total Equity	- 0.51	Other Assets
Non Currrent Assets Other	- 0.4	Retained Earnings
Non Currrent Assets Other	- 0.36	Total Stockholder Equity
Other Current Assets	- 0.35	Non Currrent Assets Other
Non Currrent Assets Other	- 0.34	Other Stockholder Equity