Gms Inc Financials
This page shows Gms Inc (GMS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Gms Inc has an operating margin of 4.7%, meaning the company retains $5 of operating profit per $100 of revenue. This below-average margin results in a low score of 23/100, suggesting thin profitability after operating expenses. This is down from 8.1% the prior year.
Gms Inc's revenue grew a modest 0.2% year-over-year to $5.5B. This slow but positive growth earns a score of 29/100.
Gms Inc carries a low D/E ratio of 0.87, meaning only $0.87 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.11, Gms Inc holds $2.11 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 65/100.
Gms Inc has a free cash flow margin of 6.1%, earning a moderate score of 31/100. The company generates positive cash flow after capital investments, but with room for improvement.
Gms Inc's ROE of 8.0% shows moderate profitability relative to equity, earning a score of 32/100. This is down from 18.8% the prior year.
Gms Inc scores 3.44, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Gms Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Gms Inc generates $3.32 in operating cash flow ($383.6M OCF vs $115.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Gms Inc earns $2.9 in operating income for every $1 of interest expense ($257.6M vs $89.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Gms Inc generated $5.5B in revenue in fiscal year 2025. This represents an increase of 0.2% from the prior year.
Gms Inc's EBITDA was $421.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 26.8% from the prior year.
Gms Inc generated $336.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 10.6% from the prior year.
Gms Inc reported $115.5M in net income in fiscal year 2025. This represents a decrease of 58.2% from the prior year.
Gms Inc earned $2.92 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 56.7% from the prior year.
Gms Inc held $39.9M in cash against $1.3B in long-term debt as of fiscal year 2025.
Gms Inc had 38M shares outstanding in fiscal year 2025. This represents a decrease of 4.0% from the prior year.
Gms Inc's gross margin was 31.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.0 percentage points from the prior year.
Gms Inc's operating margin was 4.7% in fiscal year 2025, reflecting core business profitability. This is down 3.4 percentage points from the prior year.
Gms Inc's net profit margin was 2.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.9 percentage points from the prior year.
Gms Inc's ROE was 8.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 10.8 percentage points from the prior year.
Gms Inc spent $165.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 42.1% from the prior year.
Gms Inc invested $47.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 17.0% from the prior year.
GMS Income Statement
| Metric | Q1'26 | Q1'25 | Q4'25 | Q3'24 | Q1'24 | Q4'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B+6.0% | $1.3B+5.8% | $1.3B-14.3% | $1.5B+4.1% | $1.4B+12.3% | $1.3B-11.4% | $1.4B+0.8% | $1.4B |
| Cost of Revenue | $977.8M | N/A | $867.6M-14.1% | $1.0B | N/A | $843.6M-12.3% | $962.3M+0.3% | $959.0M |
| Gross Profit | $436.5M+4.9% | $416.2M+5.9% | $393.1M-14.8% | $461.1M+2.2% | $451.2M+8.8% | $414.7M-9.6% | $458.6M+1.8% | $450.6M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $314.4M | N/A | $310.8M-4.1% | $324.2M | N/A | $295.7M-1.7% | $300.9M+4.9% | $286.8M |
| Operating Income | $81.2M | N/A | $4.8M-95.0% | $94.8M | N/A | $86.2M-30.9% | $124.8M-5.3% | $131.7M |
| Interest Expense | $21.1M | N/A | $23.1M-2.7% | $23.7M | N/A | $18.8M+0.2% | $18.7M-0.9% | $18.9M |
| Income Tax | $17.5M | N/A | $4.2M-77.9% | $18.9M | N/A | $17.5M-35.8% | $27.2M+1.8% | $26.7M |
| Net Income | $43.6M+66.9% | $26.1M+221.9% | -$21.4M-140.0% | $53.5M-5.1% | $56.4M+8.6% | $51.9M-35.9% | $81.0M-6.8% | $86.8M |
| EPS (Diluted) | $1.13+68.7% | $0.67+221.8% | $-0.55-140.7% | $1.35-2.9% | $1.39+8.6% | $1.28-35.0% | $1.97-5.7% | $2.09 |
GMS Balance Sheet
| Metric | Q1'26 | Q1'25 | Q4'25 | Q3'24 | Q1'24 | Q4'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.8B+0.4% | $3.8B+1.0% | $3.8B-5.7% | $4.0B+7.0% | $3.8B+14.9% | $3.3B-1.3% | $3.3B+0.4% | $3.3B |
| Current Assets | $1.5B+1.3% | $1.5B+1.9% | $1.5B-10.7% | $1.7B+1.9% | $1.6B+9.2% | $1.5B-3.0% | $1.5B+0.8% | $1.5B |
| Cash & Equivalents | $39.9M-28.2% | $55.6M-5.8% | $59.0M-29.7% | $83.9M-49.5% | $166.1M+88.1% | $88.3M+15.5% | $76.5M-6.1% | $81.4M |
| Inventory | $583.8M-0.4% | $586.2M-2.2% | $599.3M+0.8% | $594.3M+2.3% | $580.8M-0.3% | $582.6M+4.1% | $559.4M-4.0% | $582.7M |
| Accounts Receivable | $733.3M+3.7% | $706.9M+10.6% | $639.2M-15.8% | $759.3M+4.2% | $729.0M+11.2% | $655.7M-9.8% | $727.0M+1.2% | $718.7M |
| Goodwill | $882.5M+0.1% | $881.3M+1.3% | $870.0M-7.1% | $936.5M+9.7% | $853.8M+18.1% | $723.0M+0.4% | $720.3M+0.1% | $719.8M |
| Total Liabilities | $2.4B-0.7% | $2.4B+0.5% | $2.4B-6.0% | $2.6B+11.1% | $2.3B+24.1% | $1.9B-4.4% | $1.9B-0.4% | $1.9B |
| Current Liabilities | $728.5M-8.7% | $797.6M+23.0% | $648.2M-13.4% | $748.7M-1.1% | $757.0M+21.3% | $624.4M-6.3% | $666.3M+2.8% | $648.2M |
| Long-Term Debt | $1.3B+4.1% | $1.2B-10.8% | $1.4B-5.2% | $1.4B+16.0% | $1.2B+25.1% | $982.7M-4.4% | $1.0B-1.8% | $1.0B |
| Total Equity | $1.5B+2.2% | $1.4B+1.9% | $1.4B-5.2% | $1.5B+0.6% | $1.5B+2.9% | $1.4B+3.1% | $1.4B+1.6% | $1.4B |
| Retained Earnings | $1.3B+3.4% | $1.3B+2.1% | $1.2B-1.7% | $1.3B+9.6% | $1.2B+5.1% | $1.1B+4.9% | $1.0B+8.4% | $967.8M |
GMS Cash Flow Statement
| Metric | Q1'26 | Q1'25 | Q4'25 | Q3'24 | Q1'24 | Q4'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$30.9M-115.7% | $196.8M+109.0% | $94.1M-18.6% | $115.6M-43.4% | $204.2M+95.8% | $104.3M-11.7% | $118.1M+1676.7% | $6.6M |
| Capital Expenditures | $8.4M-37.0% | $13.4M+21.3% | $11.0M-21.6% | $14.1M-19.7% | $17.5M+72.1% | $10.2M-36.4% | $16.0M+18.2% | $13.5M |
| Free Cash Flow | -$39.4M-121.5% | $183.4M+120.7% | $83.1M-18.1% | $101.5M-45.6% | $186.7M+98.4% | $94.1M-7.8% | $102.1M+1581.5% | -$6.9M |
| Investing Cash Flow | -$8.6M+26.6% | -$11.8M-315.6% | $5.5M+105.1% | -$107.0M+68.3% | -$337.6M-3501.7% | -$9.4M+71.0% | -$32.3M+37.4% | -$51.5M |
| Financing Cash Flow | $23.9M+112.6% | -$189.3M-53.1% | -$123.6M-651.4% | $22.4M-89.4% | $212.2M+353.0% | -$83.9M+6.4% | -$89.7M-129.3% | -$39.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $12.9M-51.7% | $26.6M-32.9% | $39.7M-24.7% | $52.6M+226.0% | $16.1M-35.2% | $24.9M-44.1% | $44.6M+44.8% | $30.8M |
GMS Financial Ratios
| Metric | Q1'26 | Q1'25 | Q4'25 | Q3'24 | Q1'24 | Q4'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.9%-0.4pp | 31.2%+0.0pp | 31.2%-0.2pp | 31.4%-0.6pp | 31.9%-1.0pp | 33.0%+0.7pp | 32.3%+0.3pp | 32.0% |
| Operating Margin | 5.7% | N/A | 0.4%-6.1pp | 6.5% | N/A | 6.9%-1.9pp | 8.8%-0.6pp | 9.3% |
| Net Margin | 3.1%+1.1pp | 2.0%+3.7pp | -1.7%-5.3pp | 3.6%-0.3pp | 4.0%-0.1pp | 4.1%-1.6pp | 5.7%-0.5pp | 6.2% |
| Return on Equity | 3.0%+1.2pp | 1.8% | N/A | 3.6%-0.2pp | 3.9%+0.2pp | 3.7%-2.2pp | 5.9%-0.5pp | 6.4% |
| Return on Assets | 1.1%+0.4pp | 0.7%+1.2pp | -0.6%-1.9pp | 1.3%-0.2pp | 1.5%-0.1pp | 1.6%-0.9pp | 2.4%-0.2pp | 2.6% |
| Current Ratio | 2.11+0.2 | 1.91-0.4 | 2.30+0.1 | 2.23+0.1 | 2.17-0.2 | 2.40+0.1 | 2.32-0.0 | 2.37 |
| Debt-to-Equity | 0.87+0.0 | 0.85-0.1 | 0.970.0 | 0.97+0.1 | 0.84+0.1 | 0.69-0.1 | 0.75-0.0 | 0.77 |
| FCF Margin | -2.8%-16.5pp | 13.8%+7.2pp | 6.6%-0.3pp | 6.9%-6.3pp | 13.2%+5.7pp | 7.5%+0.3pp | 7.2%+7.7pp | -0.5% |
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Frequently Asked Questions
What is Gms Inc's annual revenue?
Gms Inc (GMS) reported $5.5B in total revenue for fiscal year 2025. This represents a 0.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Gms Inc's revenue growing?
Gms Inc (GMS) revenue grew by 0.2% year-over-year, from $5.5B to $5.5B in fiscal year 2025.
Is Gms Inc profitable?
Yes, Gms Inc (GMS) reported a net income of $115.5M in fiscal year 2025, with a net profit margin of 2.1%.
What is Gms Inc's earnings per share (EPS)?
Gms Inc (GMS) reported diluted earnings per share of $2.92 for fiscal year 2025. This represents a -56.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Gms Inc's EBITDA?
Gms Inc (GMS) had EBITDA of $421.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Gms Inc have?
As of fiscal year 2025, Gms Inc (GMS) had $39.9M in cash and equivalents against $1.3B in long-term debt.
What is Gms Inc's gross margin?
Gms Inc (GMS) had a gross margin of 31.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Gms Inc's operating margin?
Gms Inc (GMS) had an operating margin of 4.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Gms Inc's net profit margin?
Gms Inc (GMS) had a net profit margin of 2.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Gms Inc's return on equity (ROE)?
Gms Inc (GMS) has a return on equity of 8.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Gms Inc's free cash flow?
Gms Inc (GMS) generated $336.1M in free cash flow during fiscal year 2025. This represents a -10.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Gms Inc's operating cash flow?
Gms Inc (GMS) generated $383.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Gms Inc's total assets?
Gms Inc (GMS) had $3.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Gms Inc's capital expenditures?
Gms Inc (GMS) invested $47.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Gms Inc buy back shares?
Yes, Gms Inc (GMS) spent $165.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Gms Inc have outstanding?
Gms Inc (GMS) had 38M shares outstanding as of fiscal year 2025.
What is Gms Inc's current ratio?
Gms Inc (GMS) had a current ratio of 2.11 as of fiscal year 2025, which is generally considered healthy.
What is Gms Inc's debt-to-equity ratio?
Gms Inc (GMS) had a debt-to-equity ratio of 0.87 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Gms Inc's return on assets (ROA)?
Gms Inc (GMS) had a return on assets of 3.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Gms Inc's Altman Z-Score?
Gms Inc (GMS) has an Altman Z-Score of 3.44, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Gms Inc's Piotroski F-Score?
Gms Inc (GMS) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Gms Inc's earnings high quality?
Gms Inc (GMS) has an earnings quality ratio of 3.32x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Gms Inc cover its interest payments?
Gms Inc (GMS) has an interest coverage ratio of 2.9x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Gms Inc?
Gms Inc (GMS) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.