Beacon Historical Income Statement
| BECN Stock | USD 112.18 3.60 3.32% |
Historical analysis of Beacon Roofing income statement accounts such as Selling General Administrative of 1.5 B, Total Revenue of 9.6 B or Gross Profit of 2.5 B can show how well Beacon Roofing Supply performed in making a profits. Evaluating Beacon Roofing income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Beacon Roofing's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Beacon Roofing Supply 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 Beacon Roofing Supply is a good buy for the upcoming year.
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About Beacon Income Statement Analysis
Beacon Roofing Supply 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 Beacon Roofing shareholders. The income statement also shows Beacon 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).
Beacon Roofing Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Beacon Roofing Supply 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 Beacon Roofing Supply minus its cost of goods sold. It is profit before Beacon Roofing 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 Beacon Roofing Supply. It is also known as Beacon Roofing 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 Beacon Roofing Supply 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 Beacon Roofing Supply 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.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most accounts from Beacon Roofing's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Beacon Roofing Supply 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Beacon Roofing Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Beacon Roofing's EBITDA is very stable compared to the past year. As of the 22nd of November 2024, Cost Of Revenue is likely to grow to about 7.1 B, while Depreciation And Amortization is likely to drop about 88.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.8B | 2.2B | 2.3B | 2.5B | Total Revenue | 6.8B | 8.4B | 9.1B | 9.6B |
Beacon Roofing income statement Correlations
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Beacon Roofing Account Relationship Matchups
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Beacon Roofing income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 277.8M | 391.1M | 183.9M | 159.2M | 176.2M | 88.8M | |
| Total Revenue | 7.1B | 6.9B | 6.8B | 8.4B | 9.1B | 9.6B | |
| Gross Profit | 1.7B | 1.7B | 1.8B | 2.2B | 2.3B | 2.5B | |
| Other Operating Expenses | 7.0B | 6.9B | 6.3B | 7.7B | 8.4B | 8.8B | |
| Operating Income | 147.8M | 35.1M | 468.1M | 703.4M | 719.6M | 755.6M | |
| Ebit | 147.8M | 35.1M | 468.1M | 703.4M | 719.6M | 755.6M | |
| Ebitda | 425.5M | 426.2M | 652M | 862.6M | 895.8M | 940.6M | |
| Cost Of Revenue | 5.4B | 5.2B | 5.0B | 6.2B | 6.8B | 7.1B | |
| Total Operating Expenses | 1.6B | 1.7B | 1.3B | 1.5B | 1.6B | 1.7B | |
| Net Income | (10.6M) | (80.9M) | 243M | 458.4M | 435M | 456.8M | |
| Income Tax Expense | (170K) | (26.8M) | 80.5M | 161.3M | 151.1M | 158.7M | |
| Interest Expense | 158.5M | 128.1M | 85.5M | 83.7M | 126.1M | 132.4M | |
| Income Before Tax | (10.8M) | (107.7M) | 322.4M | 619.7M | 586.1M | 615.4M | |
| Total Other Income Expense Net | (158.5M) | (14.7M) | (145.7M) | (83.7M) | (133.5M) | (126.8M) |
Pair Trading with Beacon Roofing
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 Beacon Roofing 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 Beacon Roofing will appreciate offsetting losses from the drop in the long position's value.Moving together with Beacon Stock
| 0.78 | DXPE | DXP Enterprises | PairCorr |
| 0.86 | FAST | Fastenal Fiscal Year End 16th of January 2025 | PairCorr |
| 0.9 | AIT | Applied Industrial | PairCorr |
Moving against Beacon Stock
| 0.57 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.56 | GIC | Global Industrial | PairCorr |
| 0.55 | TRNS | Transcat | PairCorr |
| 0.43 | AP | Ampco Pittsburgh | PairCorr |
The ability to find closely correlated positions to Beacon Roofing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beacon Roofing 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 Beacon Roofing - 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 Beacon Roofing Supply to buy it.
The correlation of Beacon Roofing 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 Beacon Roofing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beacon Roofing Supply 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 Beacon Roofing 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beacon Roofing Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Trading Companies & Distributors space 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 Beacon Roofing. If investors know Beacon 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 Beacon Roofing 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 0.01 | Earnings Share 5.85 | Revenue Per Share 153.258 | Quarterly Revenue Growth 0.073 | Return On Assets 0.0622 |
The market value of Beacon Roofing Supply is measured differently than its book value, which is the value of Beacon that is recorded on the company's balance sheet. Investors also form their own opinion of Beacon Roofing's value that differs from its market value or its book value, called intrinsic value, which is Beacon Roofing'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 Beacon Roofing's market value can be influenced by many factors that don't directly affect Beacon Roofing'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 Beacon Roofing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beacon Roofing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beacon Roofing'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.