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Builders FirstSource Inc. pages available for free this week:
- Income Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Total Asset Turnover since 2005
- Analysis of Revenues
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Calculation
| Operating profit margin | = | 100 | × | Income (loss) from operations1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | = | 100 | × | ÷ | |||
| Dec 31, 2021 | = | 100 | × | ÷ | |||
| Dec 31, 2020 | = | 100 | × | ÷ | |||
| Dec 31, 2019 | = | 100 | × | ÷ | |||
| Dec 31, 2018 | = | 100 | × | ÷ | |||
| Dec 31, 2017 | = | 100 | × | ÷ | |||
| Dec 31, 2016 | = | 100 | × | ÷ | |||
| Dec 31, 2015 | = | 100 | × | ÷ | |||
| Dec 31, 2014 | = | 100 | × | ÷ | |||
| Dec 31, 2013 | = | 100 | × | ÷ | |||
| Dec 31, 2012 | = | 100 | × | ÷ | |||
| Dec 31, 2011 | = | 100 | × | ÷ | |||
| Dec 31, 2010 | = | 100 | × | ÷ | |||
| Dec 31, 2009 | = | 100 | × | ÷ | |||
| Dec 31, 2008 | = | 100 | × | ÷ | |||
| Dec 31, 2007 | = | 100 | × | ÷ | |||
| Dec 31, 2006 | = | 100 | × | ÷ | |||
| 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).