GMS · Gms Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 | Q3 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.41B | $1.47B | $1.26B | $1.45B | $1.42B | $1.26B | $1.41B | $1.43B | $1.23B | $1.36B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | $436.52M | $461.13M | $393.09M | $451.56M | $458.63M | $414.72M | $450.55M | $464.50M | $402.25M | $434.72M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $314.38M | $324.23M | $310.81M | $315.15M | $300.89M | $295.69M | $286.80M | $278.99M | $267.38M | $267.69M |
| Total Operating Expenses | $355.30M | $366.30M | $388.31M | $353.18M | $333.83M | $328.50M | $318.81M | $311.22M | $298.80M | $300.13M |
| D&A | $40.92M | $42.08M | $42.43M | $38.03M | $32.94M | $32.80M | $32.02M | $32.23M | $31.42M | $32.44M |
| Operating Income | $81.23M | $94.82M | $4.78M | $98.38M | $124.80M | $86.22M | $131.74M | $153.28M | $103.45M | $134.59M |
| Interest Expense | $21.07M | $23.70M | $18.78M | $22.21M | $18.74M | $18.78M | $18.91M | $16.05M | $16.94M | $14.66M |
| Income Tax | $17.50M | $18.89M | $4.18M | $20.95M | $27.20M | $17.47M | $26.73M | $35.99M | $23.70M | $32.03M |
| Net Income | $43.56M | $53.54M | ($21.41M) | $57.25M | $80.96M | $51.91M | $86.83M | $103.15M | $64.78M | $89.47M |
| EPS - Basic | $1.14 | $1.37 | ($0.55) | $1.45 | $2.00 | $1.30 | $2.13 | $2.44 | $1.56 | $2.10 |
| EPS - Diluted | $1.13 | $1.35 | ($0.55) | $1.42 | $1.97 | $1.28 | $2.09 | $2.41 | $1.53 | $2.07 |
Balance Sheet
| Line item | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 | Q3 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $39.93M | $55.60M | $59.03M | $53.17M | $166.15M | $88.34M | $81.45M | $164.75M | $186.66M | $106.61M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $583.80M | $586.19M | $599.28M | $607.40M | $580.83M | $582.61M | $582.68M | $575.50M | $586.65M | $577.94M |
| Accounts Payable | $396.25M | $431.49M | $330.13M | $420.29M | $420.24M | $323.26M | $351.95M | $377.00M | $314.35M | $363.29M |
| Current Assets | $1.54B | $1.52B | $1.49B | $1.63B | $1.64B | $1.50B | $1.54B | $1.55B | $1.57B | $1.53B |
| Total Assets | $3.85B | $3.83B | $3.79B | $3.89B | $3.76B | $3.27B | $3.30B | $3.27B | $3.23B | $3.21B |
| Current Liabilities | $728.51M | $797.56M | $648.21M | $708.20M | $757.05M | $624.36M | $648.17M | $706.28M | $619.55M | $666.63M |
| Long-term Debt | - | - | - | - | $1.03B | $982.67M | $1.05B | $1.04B | $1.17B | $1.19B |
| Total Liabilities | $2.39B | $2.41B | $2.40B | $2.42B | $2.30B | $1.85B | $1.95B | $1.99B | $2.00B | $2.07B |
| Stockholders' Equity | $1.45B | $1.42B | $1.39B | $1.47B | $1.46B | $1.42B | $1.35B | $1.27B | $1.23B | $1.14B |
| Retained Earnings | $1.32B | $1.27B | $1.25B | $1.21B | $1.16B | $1.10B | $967.80M | $880.97M | $805.38M | $637.45M |
Cash Flow
| Line item | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 | Q3 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($30.94M) | - | - | ($22.94M) | - | - | $6.65M | - | - | ($4.40M) |
| Investing Cash Flow | ($8.62M) | - | - | ($126.22M) | - | - | ($51.53M) | - | - | ($13.28M) |
| Financing Cash Flow | $23.91M | - | - | $35.29M | - | - | ($39.10M) | - | - | $22.21M |
| CapEx | $8.45M | - | - | $8.98M | - | - | $13.54M | - | - | $10.94M |
| Free Cash Flow | ($39.39M) | - | - | ($31.91M) | - | - | ($6.89M) | - | - | ($15.35M) |
Ratios
| Metric | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 | Q3 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 30.9% | 31.4% | 31.2% | 31.2% | 32.3% | 33.0% | 32.0% | 32.5% | 32.6% | 32.0% |
| Operating margin | 5.7% | 6.4% | 0.4% | 6.8% | 8.8% | 6.9% | 9.3% | 10.7% | 8.4% | 9.9% |
| EBITDA margin | 8.6% | 9.3% | 3.7% | 9.4% | 11.1% | 9.5% | 11.6% | 13.0% | 10.9% | 12.3% |
| Net margin | 3.1% | 3.6% | -1.7% | 4.0% | 5.7% | 4.1% | 6.2% | 7.2% | 5.2% | 6.6% |
| Free cash flow margin | -2.8% | - | - | -2.2% | - | - | -0.5% | - | - | -1.1% |
| FCF / Net income | -0.90 | - | - | -0.56 | - | - | -0.08 | - | - | -0.17 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 22.2% | 22.0% | 24.7% | 21.8% | 21.2% | 23.5% | 20.3% | 19.5% | 21.7% | 19.7% |
| Effective tax rate | 28.7% | 26.1% | - | 26.8% | 25.2% | 25.2% | 23.5% | 25.9% | 26.8% | 26.4% |
| Return on assets | 1.1% | 1.4% | -0.6% | 1.5% | 2.2% | 1.6% | 2.6% | 3.2% | 2.0% | 2.8% |
| Return on equity | 3.0% | 3.8% | -1.5% | 3.9% | 5.5% | 3.7% | 6.4% | 8.1% | 5.3% | 7.9% |
| Return on invested capital | - | - | - | - | 3.8% | 2.7% | 4.2% | 4.9% | 3.2% | 4.3% |
| Liquidity | ||||||||||
| Current ratio | 2.11 | 1.91 | 2.30 | 2.31 | 2.17 | 2.40 | 2.37 | 2.19 | 2.53 | 2.30 |
| Quick ratio | 1.31 | 1.17 | 1.38 | 1.45 | 1.40 | 1.47 | 1.47 | 1.38 | 1.58 | 1.43 |
| Cash ratio | 0.05 | 0.07 | 0.09 | 0.08 | 0.22 | 0.14 | 0.13 | 0.23 | 0.30 | 0.16 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | 0.70 | 0.69 | 0.77 | 0.82 | 0.95 | 1.05 |
| Debt / Assets | - | - | - | - | 0.27 | 0.30 | 0.32 | 0.32 | 0.36 | 0.37 |
| Debt / EBITDA | - | - | - | - | 6.52 | 8.26 | 6.40 | 5.63 | 8.67 | 7.14 |
| Interest coverage | 3.9x | 4.0x | 0.3x | 4.4x | 6.7x | 4.6x | 7.0x | 9.5x | 6.1x | 9.2x |
| Equity multiplier | 2.65 | 2.70 | 2.72 | 2.65 | 2.57 | 2.31 | 2.44 | 2.56 | 2.63 | 2.82 |
| Liabilities / Assets | 0.62 | 0.63 | 0.63 | 0.62 | 0.61 | 0.57 | 0.59 | 0.61 | 0.62 | 0.65 |
| Efficiency | ||||||||||
| Asset turnover | 0.37 | 0.38 | 0.33 | 0.37 | 0.38 | 0.38 | 0.43 | 0.44 | 0.38 | 0.42 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -2.4% | 3.5% | 0.2% | 2.8% | -0.7% | 1.9% | 3.7% | 24.4% | 7.0% | 30.5% |
| Revenue CAGR (3y) | 1.3% | 8.5% | 3.0% | 11.6% | 20.5% | 18.8% | 20.7% | 18.4% | 17.5% | 17.1% |
| Revenue CAGR (5y) | 12.0% | 11.3% | 10.6% | 11.3% | 11.2% | 16.5% | 12.6% | - | - | - |
| Gross profit growth (YoY) | -3.3% | 0.5% | -5.2% | 0.2% | -1.3% | 3.1% | 3.6% | 24.9% | 9.4% | 29.4% |
| Operating income growth (YoY) | -17.4% | -24.0% | -94.5% | -25.3% | -18.6% | -16.6% | -2.1% | 36.9% | 6.7% | 43.1% |
| Net income growth (YoY) | -23.9% | -33.9% | - | -34.1% | -21.5% | -19.9% | -3.0% | 38.7% | 5.5% | 46.2% |
| EPS growth (YoY) | -20.4% | -31.5% | - | -32.1% | -18.3% | -16.3% | 1.0% | 42.6% | 9.3% | 48.9% |
| EPS CAGR (3y) | -18.3% | -7.2% | - | 0.7% | 44.0% | 51.2% | 49.1% | 52.5% | 82.9% | 52.0% |
| EPS CAGR (5y) | 12.4% | 14.7% | - | 19.2% | 27.7% | 55.7% | 59.9% | 41.2% | 26.6% | 41.9% |
| FCF growth (YoY) | -23.4% | - | - | -363.1% | - | - | 55.1% | - | - | 81.3% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -1.3% | -2.8% | -1.8% | 8.5% | 14.6% | 15.3% | 18.9% | 19.8% | 22.7% | 29.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-04-30.
Business segments
$5.40B totalGeographical Divisions$5.40B · 100.0%
Product / service
$7.24B totalWallboard$2.20B · 30.4%
Complementary Products$1.73B · 23.8%
Steel Framing$796.15M · 11.0%
Ceilings$793.31M · 11.0%
Insulation$362.18M · 5.0%
Product And Service Other$359.54M · 5.0%
Tools And Fasteners$345.02M · 4.8%
Joint Treatment$289.82M · 4.0%
EIFSAnd Stucco$209.67M · 2.9%
Lumber$159.68M · 2.2%
Geographic
$5.51B totalUS$4.74B · 85.9%
CA$777.03M · 14.1%
Peer comparison
Same SIC group: Wholesale-Lumber & Other Construction Materials
Comparing GMS Inc. against the 5 most active filers in the same SIC group.