Summit Historical Income Statement

SUM Stock

USD 52.10 3.70 7.64%

Historical analysis of Summit Materials income statement accounts such as Gross Profit of 553.3 M, Other Operating Expenses of 1.8 B, Operating Income of 169.7 M or Ebit of 170.5 M can show how well Summit Materials performed in making a profits. Evaluating Summit Materials income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Summit Materials'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 Summit Materials 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 Summit Materials is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.

About Summit Income Statement Analysis

Summit Materials 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 Summit Materials shareholders. The income statement also shows Summit 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).

Summit Materials Income Statement Chart

At this time, Summit Materials' Income Tax Expense is very stable compared to the past year. As of the 21st of November 2024, Net Income From Continuing Ops is likely to grow to about 332.4 M, while Interest Expense is likely to drop about 99 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Net Income Non Operating Income Net Other

Total Revenue

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

Net Income

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

Most accounts from Summit Materials' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Summit Materials 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.At this time, Summit Materials' Income Tax Expense is very stable compared to the past year. As of the 21st of November 2024, Net Income From Continuing Ops is likely to grow to about 332.4 M, while Interest Expense is likely to drop about 99 M.

	2021	2022	2023	2024 (projected)
Interest Expense	92.2M	87.0M	114.2M	99.0M
Depreciation And Amortization	229.4M	200.5M	217.6M	175.0M

Interest Expense Depreciation And Amortization

Summit Materials income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	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	Minority Interest	Discontinued Operations	Net Income From Continuing Ops	Tax Provision	Interest Income	Non Recurring	Non Operating Income Net Other	Extraordinary Items	Net Interest Income	Reconciled Depreciation	Selling And Marketing Expenses
Depreciation And Amortization		0.89	0.84	0.98	0.97	0.98	0.94	0.71	0.86	0.94	0.82	0.58	-0.15	0.73	0.11	-0.09	0.9	0.67	0.15	0.51	-0.76	0.42	0.01	-0.49	0.74	-0.21
Interest Expense	0.89		0.89	0.86	0.88	0.86	0.82	0.48	0.65	0.81	0.77	0.41	-0.2	0.58	0.01	0.03	0.85	0.51	0.03	0.59	-0.52	0.32	0.1	-0.67	0.55	-0.25
Selling General Administrative	0.84	0.89		0.77	0.91	0.77	0.7	0.38	0.56	0.68	0.91	0.26	-0.35	0.45	-0.1	0.03	0.81	0.4	-0.05	0.7	-0.47	0.12	0.11	-0.62	0.52	-0.13
Total Revenue	0.98	0.86	0.77		0.93	1.0	0.96	0.79	0.91	0.99	0.72	0.68	-0.04	0.8	0.22	-0.1	0.88	0.75	0.24	0.38	-0.83	0.54	-0.07	-0.43	0.76	-0.27
Gross Profit	0.97	0.88	0.91	0.93		0.93	0.89	0.62	0.78	0.85	0.92	0.46	-0.27	0.65	-0.01	0.0	0.9	0.58	0.06	0.61	-0.67	0.29	0.08	-0.5	0.67	-0.12
Other Operating Expenses	0.98	0.86	0.77	1.0	0.93		0.95	0.8	0.92	0.99	0.73	0.68	-0.03	0.79	0.23	-0.11	0.87	0.74	0.26	0.4	-0.83	0.53	-0.09	-0.44	0.77	-0.26
Operating Income	0.94	0.82	0.7	0.96	0.89	0.95		0.74	0.86	0.95	0.65	0.65	-0.05	0.84	0.12	-0.02	0.88	0.75	0.13	0.31	-0.78	0.54	0.04	-0.36	0.66	-0.25
Ebit	0.71	0.48	0.38	0.79	0.62	0.8	0.74		0.97	0.83	0.41	0.85	0.43	0.72	0.65	-0.2	0.59	0.69	0.69	0.04	-0.86	0.65	-0.53	-0.04	0.69	-0.21
Ebitda	0.86	0.65	0.56	0.91	0.78	0.92	0.86	0.97		0.93	0.58	0.81	0.26	0.78	0.52	-0.17	0.74	0.73	0.56	0.2	-0.89	0.61	-0.38	-0.2	0.76	-0.22
Cost Of Revenue	0.94	0.81	0.68	0.99	0.85	0.99	0.95	0.83	0.93		0.61	0.74	0.06	0.83	0.3	-0.14	0.83	0.79	0.31	0.27	-0.86	0.62	-0.13	-0.39	0.77	-0.32
Total Operating Expenses	0.82	0.77	0.91	0.72	0.92	0.73	0.65	0.41	0.58	0.61		0.21	-0.39	0.39	-0.11	0.04	0.75	0.31	-0.01	0.77	-0.45	0.02	0.1	-0.51	0.55	0.04
Income Before Tax	0.58	0.41	0.26	0.68	0.46	0.68	0.65	0.85	0.81	0.74	0.21		0.61	0.87	0.74	-0.26	0.58	0.88	0.68	-0.25	-0.91	0.9	-0.51	-0.12	0.78	-0.68
Total Other Income Expense Net	-0.15	-0.2	-0.35	-0.04	-0.27	-0.03	-0.05	0.43	0.26	0.06	-0.39	0.61		0.26	0.85	-0.04	-0.05	0.27	0.8	-0.58	-0.29	0.57	-0.72	0.35	0.14	-0.42
Net Income	0.73	0.58	0.45	0.8	0.65	0.79	0.84	0.72	0.78	0.83	0.39	0.87	0.26		0.32	-0.18	0.76	0.97	0.26	-0.09	-0.9	0.86	-0.05	-0.22	0.74	-0.65
Income Tax Expense	0.11	0.01	-0.1	0.22	-0.01	0.23	0.12	0.65	0.52	0.3	-0.11	0.74	0.85	0.32		-0.16	0.12	0.36	0.98	-0.36	-0.51	0.56	-0.93	0.07	0.5	-0.43
Minority Interest	-0.09	0.03	0.03	-0.1	0.0	-0.11	-0.02	-0.2	-0.17	-0.14	0.04	-0.26	-0.04	-0.18	-0.16		0.2	-0.3	-0.1	-0.01	0.31	-0.25	0.04	0.09	-0.28	0.2
Discontinued Operations	0.9	0.85	0.81	0.88	0.9	0.87	0.88	0.59	0.74	0.83	0.75	0.58	-0.05	0.76	0.12	0.2		0.68	0.13	0.38	-0.68	0.49	0.03	-0.47	0.65	-0.38
Net Income From Continuing Ops	0.67	0.51	0.4	0.75	0.58	0.74	0.75	0.69	0.73	0.79	0.31	0.88	0.27	0.97	0.36	-0.3	0.68		0.28	-0.17	-0.91	0.91	-0.07	-0.2	0.74	-0.71
Tax Provision	0.15	0.03	-0.05	0.24	0.06	0.26	0.13	0.69	0.56	0.31	-0.01	0.68	0.8	0.26	0.98	-0.1	0.13	0.28		-0.25	-0.49	0.46	-0.95	0.1	0.48	-0.27
Interest Income	0.51	0.59	0.7	0.38	0.61	0.4	0.31	0.04	0.2	0.27	0.77	-0.25	-0.58	-0.09	-0.36	-0.01	0.38	-0.17	-0.25		0.05	-0.39	0.28	-0.65	0.13	0.38
Non Recurring	-0.76	-0.52	-0.47	-0.83	-0.67	-0.83	-0.78	-0.86	-0.89	-0.86	-0.45	-0.91	-0.29	-0.9	-0.51	0.31	-0.68	-0.91	-0.49	0.05		-0.79	0.33	0.18	-0.88	0.53
Non Operating Income Net Other	0.42	0.32	0.12	0.54	0.29	0.53	0.54	0.65	0.61	0.62	0.02	0.9	0.57	0.86	0.56	-0.25	0.49	0.91	0.46	-0.39	-0.79		-0.25	-0.09	0.59	-0.79
Extraordinary Items	0.01	0.1	0.11	-0.07	0.08	-0.09	0.04	-0.53	-0.38	-0.13	0.1	-0.51	-0.72	-0.05	-0.93	0.04	0.03	-0.07	-0.95	0.28	0.33	-0.25		-0.13	-0.38	0.17
Net Interest Income	-0.49	-0.67	-0.62	-0.43	-0.5	-0.44	-0.36	-0.04	-0.2	-0.39	-0.51	-0.12	0.35	-0.22	0.07	0.09	-0.47	-0.2	0.1	-0.65	0.18	-0.09	-0.13		-0.45	0.32
Reconciled Depreciation	0.74	0.55	0.52	0.76	0.67	0.77	0.66	0.69	0.76	0.77	0.55	0.78	0.14	0.74	0.5	-0.28	0.65	0.74	0.48	0.13	-0.88	0.59	-0.38	-0.45		-0.56
Selling And Marketing Expenses	-0.21	-0.25	-0.13	-0.27	-0.12	-0.26	-0.25	-0.21	-0.22	-0.32	0.04	-0.68	-0.42	-0.65	-0.43	0.2	-0.38	-0.71	-0.27	0.38	0.53	-0.79	0.17	0.32	-0.56

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Summit Materials Account Relationship Matchups

Summit Materials income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	204.0M	221.3M	229.4M	200.5M	217.6M	175.0M
Interest Expense	116.5M	103.6M	92.2M	87.0M	114.2M	99.0M
Selling General Administrative	265.1M	309.5M	196.7M	190.2M	210.4M	224.9M
Total Revenue	2.2B	2.3B	2.4B	2.4B	2.6B	1.9B
Gross Profit	695.8M	748.5M	673.3M	649.3M	539.5M	553.3M
Other Operating Expenses	2.0B	2.1B	2.2B	2.2B	2.3B	1.8B
Operating Income	213.6M	225.2M	253.1M	269.0M	310.6M	169.7M
Ebit	213.6M	232.7M	290.9M	448.5M	329.2M	170.5M
Ebitda	417.6M	454.0M	520.2M	648.9M	546.7M	345.5M
Cost Of Revenue	1.5B	1.6B	1.7B	1.8B	2.1B	1.4B
Total Operating Expenses	482.3M	530.9M	426.1M	390.7M	210.4M	378.2M
Income Before Tax	78.2M	129.1M	198.6M	361.5M	394.5M	414.2M
Total Other Income Expense Net	(135.3M)	(96.1M)	(54.4M)	92.4M	83.8M	88.0M
Net Income	59.1M	138.0M	152.2M	272.1M	285.9M	300.1M
Income Tax Expense	17.1M	(12.2M)	44.4M	85.5M	104.8M	110.1M
Minority Interest	17.4M	3.3M	2.1M	3.8M	(3.9M)	(3.7M)
Net Income From Continuing Ops	61.1M	141.2M	154.3M	275.9M	316.6M	332.4M
Net Income Applicable To Common Shares	59.1M	138.0M	152.2M	272.1M	313.0M	328.6M
Tax Provision	17.1M	(12.2M)	44.4M	85.5M	51.4M	54.0M
Interest Income	116.5M	103.6M	92.2M	87.0M	78.3M	80.7M
Non Recurring	2.2M	(7.6M)	(5.9M)	(10.4M)	(9.3M)	(8.9M)
Non Operating Income Net Other	12.0M	4.0M	37.0M	182.7M	210.1M	220.6M
Net Interest Income	(131.1M)	(107.7M)	(98.3M)	(88.7M)	(109.8M)	(115.3M)
Reconciled Depreciation	222.9M	227.8M	235.3M	212.5M	221.1M	239.1M

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

How To Invest In Summit

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Is Summit Stock a good investment?

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What is Summit Materials' Net Worth?

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To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.

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Is Construction Materials 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 Summit Materials. If investors know Summit 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 Summit Materials 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

(0.69)

Earnings Share

0.85

Revenue Per Share

23.53

Quarterly Revenue Growth

0.474

Return On Assets

0.0464

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

About Summit Income Statement Analysis

Summit Materials Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Net Income

Summit Materials income statement Correlations

Summit Materials Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Summit Materials income statement Accounts

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Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Other Operating Expenses
Total Revenue	+ 0.98	Depreciation And Amortization
Other Operating Expenses	+ 0.98	Depreciation And Amortization
Tax Provision	+ 0.98	Income Tax Expense

Extraordinary Items	- 0.95	Tax Provision
Extraordinary Items	- 0.93	Income Tax Expense
Non Recurring	- 0.91	Net Income From Continuing Ops
Non Recurring	- 0.91	Income Before Tax
Non Recurring	- 0.9	Net Income
Non Recurring	- 0.89	Ebitda