GMS Historical Income Statement

GMS Stock

USD 92.05 1.91 2.03%

Historical analysis of GMS income statement accounts such as Total Revenue of 6.4 B or Gross Profit of 2.1 B can show how well GMS Inc performed in making a profits. Evaluating GMS income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of GMS's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining GMS Inc 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 GMS Inc is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GMS Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

About GMS Income Statement Analysis

GMS Inc 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 GMS shareholders. The income statement also shows GMS 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).

GMS Income Statement Chart

At this time, GMS's Net Income is comparatively stable compared to the past year. Income Tax Expense is likely to gain to about 138.3 M in 2024, whereas Interest Expense is likely to drop slightly above 45.8 M in 2024.

Total Revenue Gross Profit Other Operating Expenses Operating Income Total Other Income Expense Net

Total Revenue

Total revenue comprises all receipts GMS Inc 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 GMS Inc minus its cost of goods sold. It is profit before GMS 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 GMS Inc. It is also known as GMS 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.

Operating Income

Operating Income is the amount of profit realized from GMS Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of GMS Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from GMS's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into GMS Inc 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GMS Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

	2021	2022	2023	2024 (projected)
Gross Profit	1.5B	1.7B	2.0B	2.1B
Total Revenue	4.6B	5.3B	6.1B	6.4B

Gross Profit Total Revenue

GMS income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Net Income From Continuing Ops	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Non Operating Income Net Other	Extraordinary Items	Selling And Marketing Expenses	Non Recurring
Depreciation And Amortization		0.93	0.83	0.83	0.8	0.75	0.86	0.88	0.82	0.84	0.8	0.49	0.82	0.66	0.92	0.84	0.73	0.83	-0.84	0.89	0.52	-0.86	0.74	-0.29
Interest Expense	0.93		0.76	0.77	0.8	0.65	0.75	0.78	0.75	0.6	0.76	0.65	0.79	0.56	0.88	0.8	0.64	0.86	-0.87	0.87	0.4	-0.86	0.64	-0.24
Total Revenue	0.83	0.76		1.0	0.98	0.98	0.97	0.98	1.0	0.7	0.98	0.37	0.96	0.95	0.89	0.96	0.98	0.74	-0.78	0.88	0.68	-0.84	0.86	-0.69
Gross Profit	0.83	0.77	1.0		0.98	0.98	0.98	0.98	1.0	0.71	0.98	0.38	0.97	0.95	0.9	0.96	0.97	0.74	-0.78	0.88	0.67	-0.84	0.85	-0.69
Other Operating Expenses	0.8	0.8	0.98	0.98		0.95	0.93	0.94	0.98	0.58	0.98	0.47	0.97	0.93	0.89	0.96	0.95	0.74	-0.78	0.87	0.65	-0.84	0.83	-0.66
Operating Income	0.75	0.65	0.98	0.98	0.95		0.96	0.95	0.98	0.69	0.96	0.25	0.93	0.99	0.85	0.92	0.99	0.67	-0.7	0.83	0.7	-0.77	0.89	-0.71
Ebit	0.86	0.75	0.97	0.98	0.93	0.96		1.0	0.97	0.79	0.96	0.41	0.96	0.91	0.88	0.96	0.96	0.68	-0.72	0.82	0.65	-0.78	0.83	-0.64
Ebitda	0.88	0.78	0.98	0.98	0.94	0.95	1.0		0.98	0.78	0.97	0.44	0.97	0.9	0.89	0.97	0.95	0.71	-0.75	0.84	0.65	-0.81	0.82	-0.64
Cost Of Revenue	0.82	0.75	1.0	1.0	0.98	0.98	0.97	0.98		0.7	0.98	0.36	0.96	0.95	0.89	0.96	0.98	0.74	-0.78	0.88	0.68	-0.84	0.86	-0.7
Total Operating Expenses	0.84	0.6	0.7	0.71	0.58	0.69	0.79	0.78	0.7		0.63	0.07	0.62	0.62	0.76	0.64	0.66	0.64	-0.62	0.73	0.49	-0.66	0.71	-0.29
Income Before Tax	0.8	0.76	0.98	0.98	0.98	0.96	0.96	0.97	0.98	0.63		0.51	1.0	0.94	0.89	0.99	0.97	0.65	-0.69	0.81	0.65	-0.76	0.83	-0.64
Total Other Income Expense Net	0.49	0.65	0.37	0.38	0.47	0.25	0.41	0.44	0.36	0.07	0.51		0.58	0.21	0.45	0.6	0.31	0.25	-0.29	0.25	-0.01	-0.28	0.14	-0.08
Net Income	0.82	0.79	0.96	0.97	0.97	0.93	0.96	0.97	0.96	0.62	1.0	0.58		0.91	0.89	1.0	0.95	0.65	-0.7	0.8	0.62	-0.76	0.8	-0.61
Income Tax Expense	0.66	0.56	0.95	0.95	0.93	0.99	0.91	0.9	0.95	0.62	0.94	0.21	0.91		0.81	0.89	0.99	0.59	-0.62	0.77	0.71	-0.7	0.89	-0.72
Selling General Administrative	0.92	0.88	0.89	0.9	0.89	0.85	0.88	0.89	0.89	0.76	0.89	0.45	0.89	0.81		0.89	0.85	0.8	-0.79	0.92	0.61	-0.84	0.88	-0.34
Net Income From Continuing Ops	0.84	0.8	0.96	0.96	0.96	0.92	0.96	0.97	0.96	0.64	0.99	0.6	1.0	0.89	0.89		0.94	0.65	-0.7	0.79	0.61	-0.76	0.79	-0.6
Tax Provision	0.73	0.64	0.98	0.97	0.95	0.99	0.96	0.95	0.98	0.66	0.97	0.31	0.95	0.99	0.85	0.94		0.62	-0.65	0.79	0.7	-0.72	0.88	-0.71
Interest Income	0.83	0.86	0.74	0.74	0.74	0.67	0.68	0.71	0.74	0.64	0.65	0.25	0.65	0.59	0.8	0.65	0.62		-0.96	0.94	0.34	-0.92	0.67	-0.34
Net Interest Income	-0.84	-0.87	-0.78	-0.78	-0.78	-0.7	-0.72	-0.75	-0.78	-0.62	-0.69	-0.29	-0.7	-0.62	-0.79	-0.7	-0.65	-0.96		-0.93	-0.43	0.97	-0.62	0.35
Reconciled Depreciation	0.89	0.87	0.88	0.88	0.87	0.83	0.82	0.84	0.88	0.73	0.81	0.25	0.8	0.77	0.92	0.79	0.79	0.94	-0.93		0.59	-0.96	0.83	-0.42
Non Operating Income Net Other	0.52	0.4	0.68	0.67	0.65	0.7	0.65	0.65	0.68	0.49	0.65	-0.01	0.62	0.71	0.61	0.61	0.7	0.34	-0.43	0.59		-0.57	0.72	-0.43
Extraordinary Items	-0.86	-0.86	-0.84	-0.84	-0.84	-0.77	-0.78	-0.81	-0.84	-0.66	-0.76	-0.28	-0.76	-0.7	-0.84	-0.76	-0.72	-0.92	0.97	-0.96	-0.57		-0.68	0.4
Selling And Marketing Expenses	0.74	0.64	0.86	0.85	0.83	0.89	0.83	0.82	0.86	0.71	0.83	0.14	0.8	0.89	0.88	0.79	0.88	0.67	-0.62	0.83	0.72	-0.68		-0.46
Non Recurring	-0.29	-0.24	-0.69	-0.69	-0.66	-0.71	-0.64	-0.64	-0.7	-0.29	-0.64	-0.08	-0.61	-0.72	-0.34	-0.6	-0.71	-0.34	0.35	-0.42	-0.43	0.4	-0.46

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GMS Account Relationship Matchups

GMS income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	116.5M	111.3M	123.2M	135.0M	155.3M	96.6M
Interest Expense	67.7M	53.8M	58.1M	65.8M	75.7M	45.8M
Total Revenue	3.2B	3.3B	4.6B	5.3B	6.1B	6.4B
Gross Profit	1.1B	1.1B	1.5B	1.7B	2.0B	2.1B
Other Operating Expenses	3.1B	3.1B	4.2B	4.8B	5.5B	5.8B
Operating Income	164.4M	190.9M	418.9M	505.2M	581.0M	610.0M
Ebit	164.4M	190.9M	418.9M	505.2M	581.0M	610.0M
Ebitda	281.0M	302.2M	542.1M	640.3M	736.3M	773.1M
Cost Of Revenue	2.2B	2.2B	3.1B	3.6B	4.1B	4.4B
Total Operating Expenses	900.6M	871.8M	1.1B	1.2B	1.4B	886.6M
Income Before Tax	46.3M	137.1M	364.8M	447.5M	514.6M	540.4M
Total Other Income Expense Net	(118.1M)	(53.9M)	(54.1M)	(57.7M)	(66.4M)	(69.7M)
Net Income	23.4M	105.6M	273.4M	333.0M	382.9M	402.1M
Income Tax Expense	22.9M	31.5M	91.4M	114.5M	131.7M	138.3M
Selling General Administrative	780.8M	761.3M	945.9M	1.1B	1.3B	740.1M
Net Income From Continuing Ops	23.4M	105.6M	273.4M	333.0M	382.9M	402.1M
Net Income Applicable To Common Shares	23.3M	105.6M	273.4M	333.0M	382.9M	402.1M
Tax Provision	22.9M	31.5M	91.4M	114.5M	131.7M	138.3M
Interest Income	67.7M	53.8M	58.1M	65.8M	75.7M	59.2M
Net Interest Income	(67.7M)	(53.8M)	(58.1M)	(65.8M)	(59.3M)	(62.2M)
Reconciled Depreciation	116.5M	108.1M	119.2M	126.9M	145.9M	113.6M
Non Operating Income Net Other	14.5M	(69K)	4.0M	8.1M	9.4M	9.8M
Selling And Marketing Expenses	3.3M	2.3M	4.2M	6M	6.9M	3.9M

Pair Trading with GMS

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 GMS 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 GMS will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to GMS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GMS 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 GMS - 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 GMS Inc to buy it.

The correlation of GMS 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 GMS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GMS Inc 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 GMS 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

Additional Tools for GMS Stock Analysis

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

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GMS Historical Income Statement

About GMS Income Statement Analysis

GMS Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

GMS income statement Correlations

GMS Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GMS income statement Accounts

Pair Trading with GMS

Additional Tools for GMS Stock Analysis

COMMON DESTINATIONS

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Gross Profit	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Gross Profit
Ebitda	+ 1.0	Ebit
Net Income	+ 1.0	Income Before Tax
Net Income From Continuing Ops	+ 1.0	Net Income

Extraordinary Items	- 0.96	Reconciled Depreciation
Net Interest Income	- 0.96	Interest Income
Reconciled Depreciation	- 0.93	Net Interest Income
Extraordinary Items	- 0.92	Interest Income
Net Interest Income	- 0.87	Interest Expense
Extraordinary Items	- 0.86	Interest Expense