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Builders FirstSource Inc. pages available for free this week:
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Analysis of Revenues
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Calculation
Operating profit margin | = | 100 | × | Income (loss) from operations1 | ÷ | Net sales1 | |
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Dec 31, 2022 | = | 100 | × | ÷ | |||
Dec 31, 2021 | = | 100 | × | ÷ | |||
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Dec 31, 2010 | = | 100 | × | ÷ | |||
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Dec 31, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The analysis of the annual financial data reveals significant fluctuations in the company's financial performance over the observed period. The trends indicate a strong recovery and growth in recent years following a period of operational losses and challenges.
- Income (loss) from operations
- The operational income exhibited considerable volatility from 2005 through 2012, with notable losses recorded between 2007 and 2012. The company posted negative values from 2007 (-$12,875 thousand) continuing through 2012 (-$8,703 thousand), reflecting challenging operating conditions. However, from 2013 onwards, a consistent upward trajectory is observed. The income increased substantially from $48,042 thousand in 2013 to $3,770,206 thousand by 2022, marking a dramatic turnaround and growth in operational profit.
- Net sales
- Net sales showed a declining trend from 2005 ($2,337,757 thousand) through 2009 ($677,886 thousand), suggesting a contraction in revenue. Starting from 2010, sales began recovering, with a marked increase reaching $3,564,425 thousand in 2015 and further expanding aggressively to $22,726,418 thousand by 2022. This growth likely underpins the improved profitability seen in the later years.
- Operating profit margin
- The operating profit margin followed a similar pattern to income from operations, with negative margins recorded between 2007 and 2012, reaching a low of -12.08% in 2008. Beginning in 2013, the margin turned positive at 3.22% and steadily improved over the years, attaining 16.59% by 2022. This trend indicates enhanced operational efficiency and stronger pricing power or cost management in the company's business model.
Overall, the data reflects a challenging period during the late 2000s, characterized by declining sales and operational losses, likely influenced by external economic factors or internal issues. From the early 2010s, a clear recovery and expansion phase is evident, with accelerating sales growth and improving profitability metrics, culminating in substantial financial strength and operational efficiency as of 2022.
Comparison to Competitors
Builders FirstSource Inc. | Boeing Co. | Caterpillar Inc. | Lockheed Martin Corp. | RTX Corp. | |
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Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).