GMS (GMS) Financials

$71.28 -1.48 (-2.03%)

As of 03:04 PM Eastern

Annual Income Statements for GMS

This table shows GMS's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-12	13	49	63	56	23	106	273	333	276
Consolidated Net Income / (Loss)	-12	13	49	63	56	23	106	273	333	276
Net Income / (Loss) Continuing Operations	-12	13	49	63	56	23	106	273	333	276
Total Pre-Tax Income	-18	25	72	84	70	46	137	365	448	374
Total Operating Income	19	59	104	119	147	100	191	419	505	443
Total Gross Profit	479	593	759	819	1,004	1,063	1,063	1,488	1,726	1,775
Total Revenue	1,570	1,858	2,319	2,511	3,116	3,241	3,299	4,635	5,329	5,502
Operating Revenue	1,570	1,858	2,319	2,511	3,116	3,241	3,299	4,635	5,329	5,502
Total Cost of Revenue	1,091	1,265	1,561	1,693	2,112	2,178	2,236	3,147	3,603	3,727
Operating Cost of Revenue	1,091	1,265	1,561	1,693	2,112	2,178	2,236	3,147	3,603	3,727
Total Operating Expenses	460	534	654	699	857	964	872	1,069	1,221	1,332
Selling, General & Admin Expense	396	470	585	634	739	784	764	950	1,094	1,199
Depreciation Expense	64	64	69	66	117	117	108	119	127	133
Total Other Income / (Expense), net	-37	-34	-33	-35	-77	-53	-54	-54	-58	-69
Interest Expense	36	37	36	31	74	69	58	58	66	78
Other Income / (Expense), net	-0.58	3.65	3.75	-3.85	-3.48	16	4.54	4.00	8.14	8.86
Income Tax Expense	-6.63	13	23	21	14	23	32	91	115	98
Basic Earnings per Share	($0.36)	$0.38	$1.21	$1.54	$1.33	$0.56	$2.47	$6.35	$7.95	$6.86
Weighted Average Basic Shares Outstanding	32.45M	32.80M	40.26M	41.02M	40.91M	41.85M	42.77M	43.08M	41.90M	40.23M
Diluted Earnings per Share	($0.36)	$0.38	$1.19	$1.49	$1.31	$0.55	$2.44	$6.23	$7.82	$6.75
Weighted Average Diluted Shares Outstanding	32.45M	33.13M	41.07M	42.16M	41.59M	42.50M	43.34M	43.90M	42.59M	40.91M
Weighted Average Basic & Diluted Shares Outstanding	-	33.10M	40.40M	40.90M	42.10M	42.60M	43.08M	42.65M	40.77M	39.65M

This table shows GMS's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Income / (Loss) Attributable to Common Shareholders	89	103	65	76	87	81	52	56	57	54	-21
Consolidated Net Income / (Loss)	89	103	65	76	87	81	52	56	57	54	-21
Net Income / (Loss) Continuing Operations	89	103	65	76	87	81	52	56	57	54	-21
Total Pre-Tax Income	122	139	88	98	114	108	69	83	78	72	-17
Total Operating Income	135	153	103	114	132	125	86	100	98	95	4.78
Total Gross Profit	435	465	402	424	451	459	415	451	452	461	393
Total Revenue	1,360	1,431	1,235	1,304	1,410	1,421	1,258	1,413	1,448	1,471	1,261
Operating Revenue	1,360	1,431	1,235	1,304	1,410	1,421	1,258	1,413	1,448	1,471	1,261
Total Cost of Revenue	925	966	832	880	959	962	844	962	997	1,010	868
Operating Cost of Revenue	925	966	832	880	959	962	844	962	997	1,010	868
Total Operating Expenses	300	311	299	311	319	334	328	351	353	366	388
Selling, General & Admin Expense	268	279	267	280	287	301	296	316	315	324	311
Depreciation Expense	32	32	31	31	32	33	33	36	38	42	42
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	-	-	-	-7.39
Impairment Charge	-	-	-	-	-	-	0.00	-	-	-	42
Total Other Income / (Expense), net	-13	-14	-15	-16	-18	-17	-17	-17	-20	-22	-22
Interest Expense	15	16	17	18	20	19	19	20	22	24	23
Other Income / (Expense), net	1.57	1.92	1.97	2.68	2.14	2.11	1.93	2.69	2.03	1.30	1.05
Income Tax Expense	32	36	24	23	27	27	17	27	21	19	4.18
Basic Earnings per Share	$2.10	$2.44	$1.56	$1.85	$2.13	$2.00	$1.30	$1.43	$1.45	$1.37	($0.55)
Weighted Average Basic Shares Outstanding	42.55M	42.23M	41.58M	41.90M	40.75M	40.47M	39.86M	40.23M	39.54M	39.13M	38.71M
Diluted Earnings per Share	$2.07	$2.41	$1.53	$1.81	$2.09	$1.97	$1.28	$1.41	$1.42	$1.35	($0.55)
Weighted Average Diluted Shares Outstanding	43.32M	42.89M	42.23M	42.59M	41.48M	41.09M	40.51M	40.91M	40.23M	39.70M	38.71M
Weighted Average Basic & Diluted Shares Outstanding	42.41M	41.62M	41.31M	40.77M	40.59M	39.82M	39.83M	39.65M	39.29M	38.82M	38.39M

This table details how cash moves in and out of GMS's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-20	6.79	-4.51	22	11	164	-44	-65	63	1.40
Net Cash From Operating Activities	48	48	68	91	194	303	153	180	442	433
Net Cash From Continuing Operating Activities	48	48	68	91	194	303	153	180	442	433
Net Income / (Loss) Continuing Operations	-12	13	49	63	56	23	106	273	333	276
Consolidated Net Income / (Loss)	-12	13	49	63	56	23	106	273	333	276
Depreciation Expense	32	64	69	66	117	117	108	119	127	133
Amortization Expense	35	3.44	9.79	2.85	3.33	4.54	7.57	2.74	1.47	4.70
Non-Cash Adjustments To Reconcile Net Income	13	3.14	4.44	11	14	73	12	16	21	22
Changes in Operating Assets and Liabilities, net	-21	-36	-64	-51	3.31	86	-80	-232	-40	-2.60
Net Cash From Investing Activities	-82	-118	-158	-49	-601	-47	-64	-387	-111	-431
Net Cash From Continuing Investing Activities	-82	-118	-158	-49	-601	-47	-64	-387	-111	-431
Purchase of Property, Plant & Equipment	-14	-7.69	-11	-24	-19	-25	-30	-41	-53	-57
Acquisitions	-68	-120	-150	-28	-583	-24	-36	-348	-62	-376
Sale of Property, Plant & Equipment	3.81	9.85	4.00	2.87	1.17	2.23	2.26	1.92	2.88	2.67
Net Cash From Financing Activities	14	77	85	-20	419	-91	-137	143	-266	-0.44
Net Cash From Continuing Financing Activities	14	77	85	-20	419	-91	-137	143	-266	-0.44
Repayment of Debt	-311	-706	-1,407	-627	-1,527	-949	-987	-1,184	-656	-1,005
Repurchase of Common Equity	-	-5.83	-	0.00	-17	0.00	-4.16	-35	-111	-116
Issuance of Debt	320	782	1,495	1,091	1,978	881	876	1,390	546	1,156
Issuance of Common Equity	5.37	-	157	-	1.41	1.79	2.08	2.33	3.20	4.59
Other Financing Activities, net	-	6.52	-160	-485	-17	-25	-24	-30	-49	-39
Other Net Changes in Cash	-	-	-	0.00	-	-1.07	3.01	-0.78	-1.83	-0.64
Cash Interest Paid	32	35	26	29	66	64	50	46	62	71
Cash Income Taxes Paid	16	26	49	39	19	30	46	86	110	120

This table details how cash moves in and out of GMS's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Change in Cash & Equivalents	4.70	18	62	-22	-83	-4.93	12	78	-113	31	-25
Net Cash From Operating Activities	-4.40	107	134	205	6.65	118	104	204	-23	116	94
Net Cash From Continuing Operating Activities	-4.40	107	134	205	6.65	118	104	204	-23	116	94
Net Income / (Loss) Continuing Operations	89	103	65	76	87	81	52	56	57	54	-21
Consolidated Net Income / (Loss)	89	103	65	76	87	81	52	56	57	54	-21
Depreciation Expense	32	32	31	31	32	33	33	36	38	42	42
Amortization Expense	0.43	0.38	0.37	0.29	2.08	0.65	0.65	1.33	0.45	0.45	0.45
Non-Cash Adjustments To Reconcile Net Income	5.69	7.43	3.56	4.01	4.87	0.30	11	5.86	5.20	1.20	46
Changes in Operating Assets and Liabilities, net	-132	-36	34	94	-119	3.26	8.25	105	-124	18	27
Net Cash From Investing Activities	-13	-10	-29	-59	-52	-32	-9.37	-338	-126	-107	5.45
Net Cash From Continuing Investing Activities	-13	-10	-29	-59	-52	-32	-9.37	-338	-126	-107	5.45
Purchase of Property, Plant & Equipment	-11	-11	-12	-19	-14	-16	-10	-18	-8.98	-14	-11
Acquisitions	-2.61	-0.01	-18	-41	-39	-17	0.56	-321	-118	-89	2.93
Net Cash From Financing Activities	22	-77	-44	-167	-39	-90	-84	212	35	22	-124
Net Cash From Continuing Financing Activities	22	-77	-44	-167	-39	-90	-84	212	35	22	-124
Repayment of Debt	-143	-111	-114	-287	-481	-202	-137	-185	-380	-451	-438
Repurchase of Common Equity	-24	-26	-33	-28	-31	-45	-25	-16	-47	-53	-40
Issuance of Debt	195	85	110	156	479	170	84	424	469	540	363
Issuance of Common Equity	1.33	-	1.87	-	2.66	-	1.92	-	3.21	-	2.76
Other Financing Activities, net	-7.91	-25	-8.03	-7.39	-8.55	-13	-7.83	-10	-10	-14	-12
Cash Interest Paid	18	11	20	13	22	13	22	13	27	19	27
Cash Income Taxes Paid	3.23	58	25	25	3.17	66	24	27	2.88	43	12

This table presents GMS's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,241	1,393	1,455	2,150	2,324	2,484	3,104	3,267	3,760
Total Current Assets	472	555	634	802	967	1,102	1,423	1,550	1,639
Cash & Equivalents	19	15	36	47	211	167	102	165	166
Note & Lease Receivable	270	329	346	446	441	559	750	792	850
Inventories, net	166	200	239	291	300	357	551	575	581
Prepaid Expenses	17	11	12	18	15	20	20	17	42
Plant, Property, & Equipment, net	153	154	164	282	0.00	0.00	0.00	396	472
Total Noncurrent Assets	616	684	657	1,065	1,358	1,382	1,681	1,321	1,648
Goodwill	386	424	428	617	553	576	696	701	854
Intangible Assets	222	252	223	429	362	351	455	400	503
Noncurrent Deferred & Refundable Income Taxes	-	-	-	4.68	8.90	16	18	20	22
Other Noncurrent Operating Assets	7.82	7.68	6.77	14	434	439	513	201	270
Total Liabilities & Shareholders' Equity	1,241	1,393	1,455	2,150	2,324	2,484	3,104	3,267	3,760
Total Liabilities	930	879	875	1,520	1,690	1,661	2,040	1,992	2,299
Total Current Liabilities	221	211	234	359	475	563	689	706	757
Short-Term Debt	36	12	16	42	50	46	48	54	51
Accounts Payable	92	103	116	174	249	323	367	377	420
Accrued Expenses	42	38	45	80	75	87	128	108	111
Current Employee Benefit Liabilities	52	58	56	63	68	73	108	120	126
Other Current Liabilities	-	-	-	0.00	33	33	38	48	49
Total Noncurrent Liabilities	709	668	641	1,162	1,215	1,099	1,351	1,286	1,542
Long-Term Debt	609	583	580	1,099	1,047	932	1,137	1,045	1,230
Noncurrent Deferred & Payable Income Tax Liabilities	41	27	11	10	12	13	47	51	63
Other Noncurrent Operating Liabilities	34	35	35	53	156	154	167	190	250
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	311	515	579	629	634	822	1,064	1,275	1,461
Total Preferred & Common Equity	311	515	579	629	634	822	1,064	1,275	1,461
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	311	515	579	629	634	822	1,064	1,275	1,461
Common Stock	335	489	489	510	530	543	523	429	335
Retained Earnings	-22	27	90	146	169	275	548	881	1,157
Accumulated Other Comprehensive Income / (Loss)	-1.15	-0.88	0.44	-27	-65	4.76	-6.04	-35	-32

This table presents GMS's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Total Assets	3,086	3,212	3,246	3,233	3,300	3,314	3,272	3,893	4,023	3,793
Total Current Assets	1,392	1,530	1,597	1,568	1,535	1,547	1,501	1,633	1,670	1,492
Cash & Equivalents	87	107	124	187	81	77	88	53	84	59
Note & Lease Receivable	700	821	873	775	838	880	795	930	944	783
Inventories, net	585	578	576	587	583	559	583	607	594	599
Prepaid Expenses	19	25	23	19	33	31	35	43	48	50
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	423	437	491	514	515
Total Noncurrent Assets	1,695	1,682	1,649	1,666	1,765	1,344	1,333	1,769	1,839	1,786
Goodwill	694	699	690	694	720	720	723	891	937	870
Intangible Assets	480	438	411	404	411	394	383	553	562	548
Noncurrent Deferred & Refundable Income Taxes	21	19	21	21	21	22	23	23	26	28
Other Noncurrent Operating Assets	500	526	527	547	613	208	205	303	315	340
Total Liabilities & Shareholders' Equity	3,086	3,212	3,246	3,233	3,300	3,314	3,272	3,893	4,023	3,793
Total Liabilities	2,083	2,073	2,062	2,003	1,946	1,939	1,853	2,423	2,554	2,399
Total Current Liabilities	587	667	681	620	648	666	624	708	749	648
Short-Term Debt	45	48	48	54	54	48	48	54	55	57
Accounts Payable	293	363	366	314	352	367	323	420	418	330
Accrued Expenses	130	153	137	118	137	119	107	122	124	110
Current Employee Benefit Liabilities	79	62	90	92	56	83	98	59	100	96
Other Current Liabilities	40	40	39	42	48	49	48	52	52	55
Total Noncurrent Liabilities	1,495	1,407	1,381	1,383	1,297	1,272	1,228	1,715	1,805	1,751
Long-Term Debt	1,282	1,192	1,167	1,169	1,048	1,028	983	1,327	1,427	1,353
Noncurrent Deferred & Payable Income Tax Liabilities	47	48	48	48	61	55	55	80	80	77
Other Noncurrent Operating Liabilities	167	166	167	166	189	189	190	308	299	321
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,003	1,139	1,184	1,231	1,355	1,376	1,419	1,470	1,469	1,394
Total Preferred & Common Equity	1,003	1,139	1,184	1,231	1,355	1,376	1,419	1,470	1,469	1,394
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,003	1,139	1,184	1,231	1,355	1,376	1,419	1,470	1,469	1,394
Common Stock	537	503	478	452	405	362	346	296	245	212
Retained Earnings	471	637	741	805	968	1,049	1,101	1,214	1,268	1,246
Accumulated Other Comprehensive Income / (Loss)	-5.27	-1.18	-35	-26	-18	-35	-28	-40	-44	-65

This table displays calculated financial ratios and metrics derived from GMS's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	18.35%	24.81%	8.29%	24.07%	4.02%	1.77%	40.50%	14.98%	3.24%
EBITDA Growth	0.00%	52.10%	43.63%	-1.78%	43.99%	-10.61%	31.61%	75.11%	17.77%	-8.10%
EBIT Growth	0.00%	246.18%	72.62%	6.78%	24.62%	-19.72%	69.44%	116.34%	21.38%	-12.01%
NOPAT Growth	0.00%	125.45%	142.04%	25.62%	31.52%	-57.32%	192.69%	113.56%	19.73%	-13.08%
Net Income Growth	0.00%	207.41%	289.10%	28.81%	-11.07%	-58.25%	351.48%	159.04%	21.78%	-17.09%
EPS Growth	0.00%	205.56%	213.16%	25.21%	-12.08%	-58.02%	343.64%	155.33%	25.52%	-13.68%
Operating Cash Flow Growth	0.00%	-0.57%	42.24%	34.38%	112.15%	56.54%	-49.42%	17.16%	145.94%	-1.92%
Free Cash Flow Firm Growth	0.00%	0.00%	90.95%	162.15%	-959.76%	156.07%	-86.66%	-690.18%	257.87%	-112.58%
Invested Capital Growth	0.00%	0.00%	16.18%	3.32%	49.23%	-11.75%	7.45%	31.39%	2.88%	16.58%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.84%	4.86%	-0.29%	5.14%	8.33%	0.29%	2.02%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-5.29%	11.85%	-19.97%	36.66%	11.85%	-0.40%	-1.34%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-6.89%	10.58%	-33.42%	69.03%	15.95%	-0.12%	-2.97%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	2.23%	14.90%	-63.43%	191.68%	14.38%	0.33%	-5.62%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-6.47%	13.60%	-71.30%	247.72%	18.53%	-0.27%	-6.50%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-6.29%	13.91%	-71.20%	253.62%	18.44%	0.77%	-5.59%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	2.61%	-6.83%	48.57%	35.58%	-35.10%	176.66%	1.22%	-0.14%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	18.01%	22.45%	-81.40%	45.29%	-10.24%	-115.66%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.21%	-4.51%	-12.38%	1.83%	-4.28%	-2.59%	9.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.51%	31.92%	32.71%	32.59%	32.22%	32.80%	32.21%	32.11%	32.39%	32.26%
EBITDA Margin	5.45%	7.01%	8.06%	7.31%	8.49%	7.29%	9.43%	11.76%	12.04%	10.72%
Operating Margin	1.19%	3.17%	4.50%	4.75%	4.72%	3.07%	5.79%	9.04%	9.48%	8.05%
EBIT Margin	1.15%	3.37%	4.66%	4.59%	4.61%	3.56%	5.93%	9.12%	9.63%	8.21%
Profit (Net Income) Margin	-0.75%	0.68%	2.11%	2.51%	1.80%	0.72%	3.20%	5.90%	6.25%	5.02%
Tax Burden Percent	63.84%	49.96%	68.33%	75.10%	79.96%	50.47%	77.00%	74.95%	74.41%	73.79%
Interest Burden Percent	-101.38%	40.19%	66.24%	72.71%	48.74%	40.15%	70.13%	86.26%	87.17%	82.83%
Effective Tax Rate	0.00%	50.04%	31.67%	24.90%	20.04%	49.53%	23.00%	25.05%	25.59%	26.21%
Return on Invested Capital (ROIC)	0.00%	6.12%	6.85%	7.88%	8.18%	3.10%	9.32%	16.61%	17.26%	13.66%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.94%	3.29%	3.38%	0.79%	0.39%	4.44%	12.33%	13.00%	8.71%
Return on Net Nonoperating Assets (RNNOA)	0.00%	1.96%	4.99%	3.63%	1.09%	0.60%	5.17%	12.37%	11.21%	6.53%
Return on Equity (ROE)	0.00%	8.08%	11.84%	11.51%	9.27%	3.70%	14.50%	28.98%	28.47%	20.19%
Cash Return on Invested Capital (CROIC)	0.00%	-193.88%	-8.11%	4.61%	-31.33%	15.58%	2.14%	-10.52%	14.42%	-1.65%
Operating Return on Assets (OROA)	0.00%	5.04%	8.20%	8.10%	7.98%	5.16%	8.13%	15.14%	16.11%	12.86%
Return on Assets (ROA)	0.00%	1.01%	3.71%	4.42%	3.11%	1.05%	4.39%	9.79%	10.45%	7.86%
Return on Common Equity (ROCE)	0.00%	8.08%	11.84%	11.51%	9.27%	3.70%	14.50%	28.98%	28.47%	20.19%
Return on Equity Simple (ROE_SIMPLE)	0.00%	4.04%	9.50%	10.87%	8.90%	3.69%	12.83%	25.69%	26.12%	18.90%
Net Operating Profit after Tax (NOPAT)	13	29	71	89	118	50	147	314	376	327
NOPAT Margin	0.83%	1.58%	3.07%	3.56%	3.78%	1.55%	4.46%	6.77%	7.05%	5.94%
Net Nonoperating Expense Percent (NNEP)	0.00%	5.18%	3.57%	4.50%	7.39%	2.71%	4.88%	4.28%	4.26%	4.95%
Cost of Revenue to Revenue	69.49%	68.08%	67.29%	67.41%	67.78%	67.20%	67.79%	67.89%	67.61%	67.74%
SG&A Expenses to Revenue	25.23%	25.30%	25.23%	25.24%	23.73%	24.19%	23.15%	20.50%	20.53%	21.79%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.32%	28.75%	28.21%	27.85%	27.50%	29.73%	26.43%	23.07%	22.91%	24.21%
Earnings before Interest and Taxes (EBIT)	18	63	108	115	144	115	195	423	513	452
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	86	130	187	184	265	236	311	545	642	590
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.88	2.21	1.14	1.23	2.28	1.94	1.88	2.52
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.76	35.41
Price to Revenue (P/Rev)	0.00	0.00	0.64	0.51	0.23	0.24	0.57	0.45	0.45	0.67
Price to Earnings (P/E)	0.00	0.00	30.28	20.31	12.77	33.27	17.74	7.55	7.20	13.35
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	3.30%	4.92%	7.83%	3.01%	5.64%	13.25%	13.89%	7.49%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.84	1.59	1.05	1.09	1.64	1.47	1.51	1.86
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.89	0.73	0.58	0.51	0.81	0.68	0.63	0.87
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	11.02	10.01	6.84	7.04	8.63	5.77	5.19	8.14
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	19.08	15.94	12.59	14.43	13.73	7.44	6.49	10.63
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	28.93	20.54	15.37	33.13	18.26	10.02	8.86	14.69
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	30.34	20.14	9.34	5.49	17.51	17.52	7.54	11.08
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	35.06	0.00	6.59	79.65	0.00	10.61	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	2.07	1.16	1.03	1.81	1.73	1.19	1.11	0.86	0.88
Long-Term Debt to Equity	0.00	1.96	1.13	1.00	1.75	1.65	1.13	1.07	0.82	0.84
Financial Leverage	0.00	2.09	1.52	1.08	1.38	1.57	1.17	1.00	0.86	0.75
Leverage Ratio	0.00	3.99	3.19	2.60	2.98	3.54	3.30	2.96	2.72	2.57
Compound Leverage Factor	0.00	1.60	2.11	1.89	1.45	1.42	2.32	2.55	2.37	2.13
Debt to Total Capital	0.00%	67.44%	53.62%	50.70%	64.46%	63.38%	54.33%	52.66%	46.29%	46.72%
Short-Term Debt to Total Capital	0.00%	3.72%	1.04%	1.39%	2.38%	2.90%	2.56%	2.12%	2.28%	1.86%
Long-Term Debt to Total Capital	0.00%	63.72%	52.58%	49.31%	62.08%	60.49%	51.77%	50.54%	44.01%	44.86%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	32.56%	46.38%	49.30%	35.54%	36.62%	45.67%	47.34%	53.71%	53.28%
Debt to EBITDA	0.00	4.95	3.18	3.24	4.31	4.64	3.14	2.17	1.71	2.17
Net Debt to EBITDA	0.00	4.80	3.10	3.05	4.14	3.75	2.61	1.99	1.46	1.89
Long-Term Debt to EBITDA	0.00	4.68	3.12	3.16	4.16	4.43	3.00	2.09	1.63	2.09
Debt to NOPAT	0.00	21.90	8.35	6.66	9.70	21.85	6.65	3.77	2.92	3.92
Net Debt to NOPAT	0.00	21.25	8.15	6.25	9.29	17.65	5.52	3.45	2.48	3.41
Long-Term Debt to NOPAT	0.00	20.69	8.19	6.48	9.34	20.85	6.34	3.62	2.78	3.76
Altman Z-Score	0.00	0.00	3.25	3.28	2.29	2.19	2.68	3.08	3.56	3.53
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	2.14	2.64	2.71	2.24	2.03	1.96	2.06	2.19	2.17
Quick Ratio	0.00	1.31	1.63	1.64	1.38	1.37	1.29	1.24	1.36	1.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-933	-84	52	-451	253	34	-199	314	-40
Operating Cash Flow to CapEx	473.93%	0.00%	958.17%	437.17%	1,100.09%	1,319.80%	555.23%	458.66%	887.15%	793.80%
Free Cash Flow to Firm to Interest Expense	0.00	-24.92	-2.31	1.67	-6.12	3.66	0.58	-3.42	4.77	-0.51
Operating Cash Flow to Interest Expense	1.32	1.28	1.86	2.90	2.63	4.39	2.63	3.09	6.71	5.59
Operating Cash Flow Less CapEx to Interest Expense	1.04	1.33	1.67	2.24	2.39	4.06	2.15	2.42	5.95	4.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.50	1.76	1.76	1.73	1.45	1.37	1.66	1.67	1.57
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	7.63	8.53	7.70	7.97	7.38	6.81	6.93	6.40	6.45
Fixed Asset Turnover	0.00	12.12	15.07	15.79	13.98	0.00	0.00	0.00	0.00	12.67
Accounts Payable Turnover	0.00	13.83	16.07	15.47	14.57	10.31	7.82	9.12	9.68	9.35
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	47.83	42.80	47.38	45.80	49.49	53.61	52.66	57.05	56.62
Days Payable Outstanding (DPO)	0.00	26.40	22.71	23.59	25.05	35.41	46.67	40.04	37.70	39.04
Cash Conversion Cycle (CCC)	0.00	21.43	20.09	23.78	20.75	14.08	6.94	12.63	19.35	17.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	962	1,118	1,155	1,723	1,521	1,634	2,147	2,209	2,575
Invested Capital Turnover	0.00	3.86	2.23	2.21	2.17	2.00	2.09	2.45	2.45	2.30
Increase / (Decrease) in Invested Capital	0.00	962	156	37	568	-202	113	513	62	366
Enterprise Value (EV)	0.00	0.00	2,061	1,838	1,809	1,664	2,684	3,146	3,332	4,800
Market Capitalization	0.00	0.00	1,480	1,279	715	778	1,873	2,064	2,398	3,685
Book Value per Share	$0.00	$9.49	$12.57	$14.12	$15.51	$14.98	$19.20	$24.73	$30.86	$36.67
Tangible Book Value per Share	$0.00	($9.05)	($3.94)	($1.73)	($10.29)	($6.64)	($2.44)	($2.00)	$4.22	$2.61
Total Capital	0.00	956	1,110	1,175	1,770	1,731	1,801	2,249	2,373	2,741
Total Debt	0.00	645	595	596	1,141	1,097	978	1,184	1,099	1,281
Total Long-Term Debt	0.00	609	583	580	1,099	1,047	932	1,137	1,045	1,230
Net Debt	0.00	626	580	559	1,094	887	811	1,082	934	1,114
Capital Expenditures (CapEx)	10	-2.16	7.09	21	18	23	28	39	50	55
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	268	342	380	439	331	419	680	733	767
Debt-free Net Working Capital (DFNWC)	0.00	287	356	416	486	542	586	782	897	933
Net Working Capital (NWC)	0.00	251	345	400	444	492	540	734	843	882
Net Nonoperating Expense (NNE)	25	17	22	27	62	27	41	41	43	51
Net Nonoperating Obligations (NNO)	0.00	651	603	575	1,094	887	811	1,082	934	1,114
Total Depreciation and Amortization (D&A)	68	68	79	68	121	121	116	122	128	138
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	14.40%	14.73%	15.12%	14.07%	10.21%	12.69%	14.66%	13.75%	13.94%
Debt-free Net Working Capital to Revenue	0.00%	15.43%	15.36%	16.57%	15.59%	16.71%	17.76%	16.86%	16.84%	16.96%
Net Working Capital to Revenue	0.00%	13.51%	14.86%	15.92%	14.24%	15.17%	16.36%	15.83%	15.82%	16.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.36)	$0.38	$1.21	$1.54	$1.33	$0.56	$2.47	$6.35	$7.95	$6.86
Adjusted Weighted Average Basic Shares Outstanding	32.45M	32.80M	40.26M	41.02M	40.91M	41.85M	42.77M	43.08M	41.90M	40.23M
Adjusted Diluted Earnings per Share	($0.36)	$0.38	$1.19	$1.49	$1.31	$0.55	$2.44	$6.23	$7.82	$6.75
Adjusted Weighted Average Diluted Shares Outstanding	32.45M	33.13M	41.07M	42.16M	41.59M	42.50M	43.34M	43.90M	42.59M	40.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	33.10M	40.97M	41.07M	40.37M	42.60M	43.08M	42.65M	40.77M	39.65M
Normalized Net Operating Profit after Tax (NOPAT)	13	41	71	89	118	82	147	314	376	327
Normalized NOPAT Margin	0.83%	2.22%	3.07%	3.56%	3.78%	2.53%	4.46%	6.77%	7.05%	5.94%
Pre Tax Income Margin	-1.17%	1.35%	3.08%	3.34%	2.25%	1.43%	4.16%	7.87%	8.40%	6.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.50	1.67	2.96	3.66	1.95	1.67	3.35	7.28	7.80	5.83
NOPAT to Interest Expense	0.36	0.79	1.95	2.84	1.60	0.73	2.52	5.40	5.71	4.21
EBIT Less CapEx to Interest Expense	0.22	1.73	2.77	3.00	1.71	1.34	2.88	6.61	7.04	5.12
NOPAT Less CapEx to Interest Expense	0.08	0.84	1.76	2.18	1.36	0.39	2.05	4.73	4.95	3.51
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	46.38%	0.00%	0.00%	29.50%	0.00%	3.94%	12.98%	33.27%	42.18%

This table displays calculated financial ratios and metrics derived from GMS's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	30.47%	24.37%	7.02%	1.20%	3.68%	-0.70%	1.92%	8.35%	2.76%	3.51%	0.19%
EBITDA Growth	37.21%	31.31%	6.84%	-1.72%	-0.62%	-14.54%	-11.37%	-5.41%	-17.32%	-13.61%	-59.94%
EBIT Growth	43.58%	37.50%	7.54%	-0.53%	-1.68%	-18.23%	-16.37%	-11.84%	-25.00%	-24.26%	-93.38%
NOPAT Growth	39.79%	33.96%	5.08%	1.53%	1.63%	-17.80%	-14.82%	-22.37%	-28.49%	-24.96%	-94.81%
Net Income Growth	46.19%	38.72%	5.53%	-1.18%	-2.95%	-21.52%	-19.87%	-25.41%	-34.07%	-33.87%	-141.25%
EPS Growth	48.92%	42.60%	9.29%	3.43%	0.97%	-18.26%	-16.34%	-22.10%	-32.06%	-31.47%	-142.97%
Operating Cash Flow Growth	94.14%	5,415.36%	134.35%	2.66%	250.97%	10.10%	-22.22%	-0.29%	-445.10%	-2.12%	-9.72%
Free Cash Flow Firm Growth	-15.98%	50.02%	108.99%	106.00%	99.20%	94.93%	-157.65%	-1,265.75%	-15,639.29%	-5,095.45%	-1,194.74%
Invested Capital Growth	19.83%	13.67%	1.11%	2.88%	4.53%	4.46%	4.14%	16.58%	17.77%	20.69%	16.23%
Revenue Q/Q Growth	5.50%	5.25%	-13.72%	5.63%	8.09%	0.80%	-11.44%	12.29%	2.51%	1.54%	-14.28%
EBITDA Q/Q Growth	12.49%	11.11%	-26.94%	7.63%	13.74%	-4.46%	-24.23%	14.87%	-0.58%	-0.17%	-64.87%
EBIT Q/Q Growth	16.19%	13.98%	-32.08%	10.58%	14.85%	-5.21%	-30.53%	16.57%	-2.29%	-4.27%	-93.93%
NOPAT Q/Q Growth	14.99%	14.65%	-33.34%	15.54%	15.11%	-7.27%	-30.93%	5.30%	6.02%	-2.68%	-95.22%
Net Income Q/Q Growth	16.96%	15.29%	-37.20%	16.70%	14.87%	-6.76%	-35.89%	8.64%	1.53%	-6.48%	-139.99%
EPS Q/Q Growth	18.29%	16.43%	-36.51%	18.30%	15.47%	-5.74%	-35.03%	10.16%	0.71%	-4.93%	-140.74%
Operating Cash Flow Q/Q Growth	-102.21%	2,536.16%	24.99%	52.77%	-96.75%	1,676.74%	-11.70%	95.84%	-111.23%	603.95%	-18.56%
Free Cash Flow Firm Q/Q Growth	35.10%	42.28%	131.83%	-49.71%	-108.69%	-264.50%	-261.77%	-916.88%	-17.38%	-20.32%	9.84%
Invested Capital Q/Q Growth	5.85%	0.07%	-0.28%	-2.59%	7.55%	0.00%	-0.59%	9.04%	8.65%	2.48%	-4.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.98%	32.46%	32.58%	32.55%	31.96%	32.28%	32.96%	31.93%	31.18%	31.35%	31.18%
EBITDA Margin	12.43%	13.12%	11.11%	11.32%	11.92%	11.29%	9.66%	9.89%	9.59%	9.43%	3.86%
Operating Margin	9.90%	10.71%	8.38%	8.73%	9.35%	8.78%	6.85%	7.08%	6.79%	6.45%	0.38%
EBIT Margin	10.02%	10.85%	8.54%	8.94%	9.50%	8.93%	7.01%	7.27%	6.93%	6.54%	0.46%
Profit (Net Income) Margin	6.58%	7.21%	5.25%	5.80%	6.16%	5.70%	4.12%	3.99%	3.95%	3.64%	-1.70%
Tax Burden Percent	73.64%	74.13%	73.22%	76.84%	76.46%	74.85%	74.82%	67.88%	73.21%	73.92%	124.24%
Interest Burden Percent	89.23%	89.66%	83.93%	84.40%	84.83%	85.23%	78.69%	80.83%	77.88%	75.35%	-295.22%
Effective Tax Rate	26.36%	25.87%	26.78%	23.16%	23.54%	25.15%	25.18%	32.12%	26.79%	26.08%	0.00%
Return on Invested Capital (ROIC)	17.32%	19.44%	14.46%	16.42%	16.54%	15.18%	11.95%	11.06%	10.65%	10.16%	0.58%
ROIC Less NNEP Spread (ROIC-NNEP)	16.42%	18.46%	13.49%	15.24%	15.25%	13.99%	10.67%	9.93%	9.39%	8.78%	-1.58%
Return on Net Nonoperating Assets (RNNOA)	17.53%	18.50%	13.75%	13.13%	13.17%	11.42%	7.97%	7.44%	7.81%	7.40%	-1.29%
Return on Equity (ROE)	34.85%	37.94%	28.20%	29.56%	29.71%	26.60%	19.92%	18.50%	18.46%	17.56%	-0.70%
Cash Return on Invested Capital (CROIC)	-1.63%	4.56%	15.51%	14.42%	11.82%	11.01%	10.90%	-1.65%	-4.80%	-8.28%	-7.15%
Operating Return on Assets (OROA)	16.88%	18.70%	14.36%	14.95%	15.69%	14.62%	11.62%	11.39%	10.68%	9.96%	0.73%
Return on Assets (ROA)	11.09%	12.43%	8.82%	9.70%	10.18%	9.33%	6.84%	6.25%	6.09%	5.55%	-2.69%
Return on Common Equity (ROCE)	34.85%	37.94%	28.20%	29.56%	29.71%	26.60%	19.92%	18.50%	18.46%	17.56%	-0.70%
Return on Equity Simple (ROE_SIMPLE)	26.48%	27.92%	27.13%	0.00%	24.38%	22.40%	20.81%	0.00%	16.77%	14.91%	10.46%
Net Operating Profit after Tax (NOPAT)	99	114	76	88	101	93	65	68	72	70	3.35
NOPAT Margin	7.29%	7.94%	6.13%	6.71%	7.15%	6.57%	5.13%	4.81%	4.97%	4.77%	0.27%
Net Nonoperating Expense Percent (NNEP)	0.90%	0.98%	0.96%	1.18%	1.29%	1.19%	1.27%	1.13%	1.26%	1.38%	2.16%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	2.63%	-	-	-	0.12%
Cost of Revenue to Revenue	68.02%	67.54%	67.42%	67.45%	68.04%	67.72%	67.04%	68.07%	68.82%	68.65%	68.82%
SG&A Expenses to Revenue	19.69%	19.50%	21.66%	21.45%	20.35%	21.18%	23.50%	22.33%	21.76%	22.04%	24.65%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.08%	21.75%	24.20%	23.82%	22.62%	23.49%	26.11%	24.85%	24.38%	24.91%	30.80%
Earnings before Interest and Taxes (EBIT)	136	155	105	117	134	127	88	103	100	96	5.84
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	169	188	137	148	168	160	122	140	139	139	49
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.99	1.69	2.01	1.88	2.22	1.73	2.36	2.52	2.60	2.40	2.35
Price to Tangible Book Value (P/TBV)	908.94	24.28	18.57	13.76	13.42	9.06	10.70	35.41	145.29	0.00	0.00
Price to Revenue (P/Rev)	0.46	0.38	0.46	0.45	0.56	0.44	0.62	0.67	0.69	0.63	0.59
Price to Earnings (P/E)	7.50	6.06	7.39	7.20	9.10	7.70	11.35	13.35	15.48	16.12	22.46
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	13.33%	16.51%	13.52%	13.89%	10.99%	12.98%	8.81%	7.49%	6.46%	6.20%	4.45%
Enterprise Value to Invested Capital (EV/IC)	1.49	1.36	1.55	1.51	1.69	1.42	1.82	1.86	1.84	1.72	1.69
Enterprise Value to Revenue (EV/Rev)	0.69	0.59	0.66	0.63	0.75	0.63	0.80	0.87	0.93	0.88	0.83
Enterprise Value to EBITDA (EV/EBITDA)	5.75	4.86	5.44	5.19	6.28	5.50	7.18	8.14	9.17	9.15	9.93
Enterprise Value to EBIT (EV/EBIT)	7.32	6.10	6.82	6.49	7.88	6.99	9.22	10.63	12.30	12.72	15.16
Enterprise Value to NOPAT (EV/NOPAT)	9.93	8.33	9.36	8.86	10.66	9.44	12.40	14.69	17.26	17.97	23.04
Enterprise Value to Operating Cash Flow (EV/OCF)	13.57	8.60	8.03	7.54	8.89	7.28	9.90	11.08	12.74	12.29	11.83
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	31.71	10.02	10.61	14.66	13.18	17.01	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.09	1.03	0.99	0.86	0.81	0.78	0.73	0.88	0.94	1.01	1.01
Long-Term Debt to Equity	1.05	0.99	0.95	0.82	0.77	0.75	0.69	0.84	0.90	0.97	0.97
Financial Leverage	1.07	1.00	1.02	0.86	0.86	0.82	0.75	0.75	0.83	0.84	0.82
Leverage Ratio	2.91	2.84	2.83	2.72	2.61	2.56	2.46	2.57	2.55	2.58	2.51
Compound Leverage Factor	2.60	2.55	2.37	2.30	2.22	2.18	1.93	2.08	1.98	1.94	-7.42
Debt to Total Capital	52.11%	50.63%	49.85%	46.29%	44.86%	43.89%	42.08%	46.72%	48.42%	50.21%	50.29%
Short-Term Debt to Total Capital	2.01%	1.99%	2.21%	2.28%	2.22%	1.95%	1.96%	1.86%	1.89%	1.86%	2.04%
Long-Term Debt to Total Capital	50.11%	48.64%	47.64%	44.01%	42.64%	41.94%	40.11%	44.86%	46.54%	48.35%	48.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	47.89%	49.37%	50.15%	53.71%	55.14%	56.11%	57.92%	53.28%	51.58%	49.79%	49.71%
Debt to EBITDA	2.10	1.91	1.90	1.71	1.72	1.75	1.72	2.17	2.46	2.75	3.03
Net Debt to EBITDA	1.92	1.72	1.61	1.46	1.59	1.63	1.58	1.89	2.37	2.59	2.90
Long-Term Debt to EBITDA	2.02	1.84	1.81	1.63	1.64	1.68	1.64	2.09	2.37	2.65	2.90
Debt to NOPAT	3.62	3.27	3.27	2.92	2.92	3.01	2.98	3.92	4.63	5.40	7.02
Net Debt to NOPAT	3.31	2.94	2.77	2.48	2.70	2.80	2.72	3.41	4.46	5.09	6.73
Long-Term Debt to NOPAT	3.48	3.14	3.12	2.78	2.77	2.88	2.84	3.76	4.45	5.20	6.74
Altman Z-Score	2.94	3.01	3.19	3.16	3.42	3.24	3.62	3.23	3.17	3.01	3.03
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.30	2.35	2.53	2.19	2.37	2.32	2.40	2.17	2.31	2.23	2.30
Quick Ratio	1.39	1.46	1.55	1.36	1.42	1.44	1.41	1.34	1.39	1.37	1.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-277	-160	51	26	-2.22	-8.11	-29	-298	-350	-421	-380
Operating Cash Flow to CapEx	-41.26%	1,061.70%	1,239.63%	1,125.08%	52.94%	772.45%	1,024.15%	1,215.69%	-295.68%	891.16%	852.68%
Free Cash Flow to Firm to Interest Expense	-18.89	-9.96	3.00	1.41	-0.11	-0.43	-1.56	-15.15	-15.76	-17.78	-16.47
Operating Cash Flow to Interest Expense	-0.30	6.68	7.91	11.26	0.33	6.30	5.55	10.37	-1.03	4.88	4.08
Operating Cash Flow Less CapEx to Interest Expense	-1.03	6.05	7.27	10.26	-0.29	5.49	5.01	9.52	-1.38	4.33	3.60
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.69	1.72	1.68	1.67	1.65	1.64	1.66	1.57	1.54	1.52	1.58
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	6.42	6.30	6.14	6.40	6.27	6.40	6.23	6.45	6.33	6.61	6.49
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	12.67	0.00	11.93	11.74
Accounts Payable Turnover	9.72	9.91	11.84	9.68	10.17	9.91	11.43	9.35	9.75	9.71	11.74
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	56.85	57.97	59.42	57.05	58.23	57.05	58.55	56.62	57.69	55.24	56.23
Days Payable Outstanding (DPO)	37.57	36.85	30.82	37.70	35.88	36.85	31.93	39.04	37.44	37.59	31.09
Cash Conversion Cycle (CCC)	19.28	21.12	28.60	19.35	22.35	20.21	26.62	17.58	20.26	17.64	25.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,272	2,274	2,268	2,209	2,375	2,375	2,361	2,575	2,798	2,867	2,745
Invested Capital Turnover	2.38	2.45	2.36	2.45	2.31	2.31	2.33	2.30	2.14	2.13	2.19
Increase / (Decrease) in Invested Capital	376	273	25	62	103	102	94	366	422	491	383
Enterprise Value (EV)	3,396	3,092	3,506	3,332	4,025	3,373	4,293	4,800	5,143	4,929	4,625
Market Capitalization	2,263	2,002	2,469	2,398	3,005	2,374	3,351	3,685	3,816	3,531	3,274
Book Value per Share	$26.71	$27.92	$29.57	$30.86	$33.23	$33.89	$35.64	$36.67	$37.08	$37.40	$35.90
Tangible Book Value per Share	$0.06	$1.94	$3.19	$4.22	$5.49	$6.45	$7.87	$2.61	$0.66	($0.75)	($0.64)
Total Capital	2,379	2,398	2,454	2,373	2,457	2,452	2,450	2,741	2,851	2,951	2,804
Total Debt	1,240	1,214	1,223	1,099	1,102	1,076	1,031	1,281	1,380	1,481	1,410
Total Long-Term Debt	1,192	1,167	1,169	1,045	1,048	1,028	983	1,230	1,327	1,427	1,353
Net Debt	1,133	1,090	1,037	934	1,021	1,000	942	1,114	1,327	1,398	1,351
Capital Expenditures (CapEx)	11	10	11	18	13	15	10	17	7.76	13	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	804	839	816	733	860	852	836	767	926	893	841
Debt-free Net Working Capital (DFNWC)	911	964	1,002	897	941	929	925	933	979	977	900
Net Working Capital (NWC)	863	916	948	843	887	881	877	882	925	922	843
Net Nonoperating Expense (NNE)	9.64	10	11	12	14	12	13	12	15	17	25
Net Nonoperating Obligations (NNO)	1,133	1,090	1,037	934	1,021	1,000	942	1,114	1,327	1,398	1,351
Total Depreciation and Amortization (D&A)	33	33	32	31	34	34	33	37	38	43	43
Debt-free, Cash-free Net Working Capital to Revenue	16.24%	16.04%	15.35%	13.75%	15.99%	15.88%	15.51%	13.94%	16.71%	15.97%	15.04%
Debt-free Net Working Capital to Revenue	18.40%	18.41%	18.86%	16.84%	17.50%	17.30%	17.15%	16.96%	17.67%	17.47%	16.10%
Net Working Capital to Revenue	17.43%	17.50%	17.84%	15.82%	16.49%	16.41%	16.25%	16.04%	16.70%	16.49%	15.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.10	$2.44	$1.56	$1.85	$2.13	$2.00	$1.30	$1.43	$1.45	$1.37	($0.55)
Adjusted Weighted Average Basic Shares Outstanding	42.55M	42.23M	41.58M	41.90M	40.75M	40.47M	39.86M	40.23M	39.54M	39.13M	38.71M
Adjusted Diluted Earnings per Share	$2.07	$2.41	$1.53	$1.81	$2.09	$1.97	$1.28	$1.41	$1.42	$1.35	($0.55)
Adjusted Weighted Average Diluted Shares Outstanding	43.32M	42.89M	42.23M	42.59M	41.48M	41.09M	40.51M	40.91M	40.23M	39.70M	38.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	42.41M	41.62M	41.31M	40.77M	40.59M	39.82M	39.83M	39.65M	39.29M	38.82M	38.39M
Normalized Net Operating Profit after Tax (NOPAT)	99	114	76	88	101	93	65	68	72	70	33
Normalized NOPAT Margin	7.29%	7.94%	6.13%	6.71%	7.15%	6.57%	5.13%	4.81%	4.97%	4.77%	2.62%
Pre Tax Income Margin	8.94%	9.72%	7.17%	7.54%	8.06%	7.61%	5.51%	5.88%	5.40%	4.92%	-1.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.29	9.67	6.22	6.41	6.59	6.77	4.69	5.22	4.52	4.06	0.25
NOPAT to Interest Expense	6.76	7.08	4.47	4.81	4.96	4.98	3.43	3.45	3.24	2.96	0.15
EBIT Less CapEx to Interest Expense	8.56	9.04	5.58	5.41	5.97	5.96	4.15	4.36	4.17	3.51	-0.23
NOPAT Less CapEx to Interest Expense	6.03	6.45	3.83	3.81	4.34	4.17	2.89	2.60	2.89	2.41	-0.33
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	18.37%	21.77%	30.07%	33.27%	35.65%	44.32%	43.45%	42.18%	53.66%	64.06%	106.37%

Frequently Asked Questions About GMS's Financials

When does GMS's financial year end?

According to the most recent income statement we have on file, GMS's fiscal year ends in April. Their fiscal year 2024 ended on April 30, 2024.

How has GMS's net income changed over the last 9 years?

GMS's net income appears to be on an upward trend, with a most recent value of $276.08 million in 2024, falling from -$11.70 million in 2015. The previous period was $332.99 million in 2023.

What is GMS's operating income?

GMS's total operating income in 2024 was $442.84 million, based on the following breakdown:

Total Gross Profit: $1.78 billion
Total Operating Expenses: $1.33 billion

How has GMS revenue changed over the last 9 years?

Over the last 9 years, GMS's total revenue changed from $1.57 billion in 2015 to $5.50 billion in 2024, a change of 250.4%.

How much debt does GMS have?

GMS's total liabilities were at $2.30 billion at the end of 2024, a 15.4% increase from 2023, and a 147.3% increase since 2016.

How much cash does GMS have?

In the past 8 years, GMS's cash and equivalents has ranged from $14.56 million in 2017 to $210.91 million in 2020, and is currently $166.15 million as of their latest financial filing in 2024.

How has GMS's book value per share changed over the last 9 years?

Over the last 9 years, GMS's book value per share changed from 0.00 in 2015 to 36.67 in 2024, a change of 3,666.6%.

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This page (NYSE:GMS) was last updated on 4/15/2025 by MarketBeat.com Staff

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GMS (GMS) Financials

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GMS (GMS) Financials

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