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Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Better Bets vs. GMS Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

GMS (GMS)

Market Price (9/30/2025): $109.97 | Market Cap: $4.2 Bil
Sector: Industrials | Industry: Trading Companies & Distributors

GMS (GMS)

Market Price (9/30/2025): $109.97
Market Cap: $4.2 Bil
Sector: Industrials
Industry: Trading Companies & Distributors

Investment Highlights

0 Attractive yield
FCF Yield is 7.9%		  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.1%, Rev Chg QQuarterly Revenue Change % is -2.4%
0 Attractive yield
FCF Yield is 7.9%
1 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.1%, Rev Chg QQuarterly Revenue Change % is -2.4%

Market Valuation

 9/30/25202420232022
Share Price CYE$109.97$84.83$82.43$49.80
Market Cap CYE ($ Bil)4.23.33.32.1
Total Debt ($ Bil)1.71.61.51.3
Total Cash ($ Bil)0.00.10.20.2
Enterprise Value ($ Bil)5.84.94.83.4
Valuation Ratios    
P/S TTM0.80.60.60.4
P/EBIT TTM17.112.57.44.1
P/E TTM41.128.612.06.3
Sector Ratios    
P/S TTM (Sector)1.61.41.41.1
P/EBIT TTM (Sector)11.510.110.08.2
P/E TTM (Sector)15.913.613.811.1
 9/30/252024
Share Price CYE$109.97$84.83
Market Cap CYE ($ Bil)4.23.3
Total Debt ($ Bil)1.71.6
Total Cash ($ Bil)0.00.1
Enterprise Value ($ Bil)5.84.9
Valuation Ratios  
P/S TTM0.80.6
P/EBIT TTM17.112.5
P/E TTM41.128.6
Sector Ratios  
P/S TTM (Sector)1.61.4
P/EBIT TTM (Sector)11.510.1
P/E TTM (Sector)15.913.6

Business Description

GMS Inc. distributes wallboards, suspended ceilings systems, and complementary building products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
GMS Return13%97%-17%66%3%30%306%
Peers Return30%121%-15%49%19%-19%252%
S&P 500 Return16%27%-19%24%23%13%106%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: EXP, TGLS, BCC, ASPN, MWG. See GMS Returns vs. Peers.
[3] 2025 data is for the year up to 9/29/2025 (YTD)

Better Bets than GMS (GMS)

 GMSBetter Performance than GMS
MetricValueIndustry (Trading Companies & Distributo)
Rev Chg LTM-1.1%URI (6.8%), FAST (4.8%), AER (2.8%), FTAI (55.9%), WSO (1.0%)
Rev Chg 3Y Avg3.5%URI (14.1%), FAST (5.8%), AER (11.2%), FTAI (83.8%), QXO (1115.2%)
Op Mgn LTM5.0%URI (25.5%), FAST (20.1%), AER (26.4%), FTAI (31.7%), WSO (10.0%)
CFO/Rev LTM6.9%URI (31.8%), FAST (14.4%), AER (66.6%), UHAL (27.1%), CNM (7.8%)
FCF/Rev LTM6.0%FAST (11.3%), CNM (7.3%), AIT (10.2%), MSM (7.0%), MGRC (23.1%)
Total Yield2.4%URI (4.9%), FAST (3.8%), AER (14.9%), FTAI (3.5%), WSO (6.5%)
 GMSBetter Performance than GMS
MetricValueAll Other Sectors
Rev Chg LTM-1.1%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), AMZN (10.9%)
Rev Chg 3Y Avg3.5%NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), AMZN (11.3%), META (13.0%)
Op Mgn LTM5.0%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), AMZN (11.4%)
CFO/Rev LTM6.9%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM6.0%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield2.4%MSFT (3.3%), AAPL (3.0%), GOOGL (4.2%), AMZN (3.0%), META (3.8%)

Latest Trefis Analyses

Trade Ideas

Select past trade ideas related to GMS and Trading Companies & Distributors.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
EFX_8312025_Monopoly_xInd_xCD_Getting_Cheaper08312025EFXEquifaxMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		3.2%3.2%-5.0%
UHAL_8312025_Monopoly_xInd_xCD_Getting_Cheaper08312025UHALU-HaulMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-0.5%-0.5%-2.9%
BWXT_8312025_Quality_Momentum_RoomToRun_10%08312025BWXTBWX TechnologiesQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		11.5%11.5%-1.2%
CPRT_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025CPRTCopartMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-1.0%-1.0%-1.0%
CAR_7312025_Short_Squeeze07312025CARAvis BudgetSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-5.3%-5.3%-13.1%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
EFX_8312025_Monopoly_xInd_xCD_Getting_Cheaper08312025EFXEquifaxMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		3.2%3.2%-5.0%
UHAL_8312025_Monopoly_xInd_xCD_Getting_Cheaper08312025UHALU-HaulMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-0.5%-0.5%-2.9%
BWXT_8312025_Quality_Momentum_RoomToRun_10%08312025BWXTBWX TechnologiesQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		11.5%11.5%-1.2%
CPRT_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025CPRTCopartMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-1.0%-1.0%-1.0%
CAR_7312025_Short_Squeeze07312025CARAvis BudgetSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-5.3%-5.3%-13.1%

See Trefis Trade Ideas for more.

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1FTELFitell1068.4%-96.0%
2WOLFWolfspeed886.6%231.8%
3WHLRWheeler Real Estate Investment Trust404.4%-99.7%
4MNDRMobile-health Network Solutions388.0%-71.1%
5QUREuniQure329.5%236.4%
6NUAINew Era Energy & Digital311.7% 
7BQBoqii208.5%153.9%
8DVLTDatavault AI180.5% 
9DFLIDragonfly Energy132.9%-76.4%
10SHFSSHF130.9%-18.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1WOKWORK Medical Technology-91.5%-98.5%
2KALAKala Bio-89.0%-70.5%
3MLTXMoonLake Immunotherapeutics-88.6%-88.5%
4SDMSmart Digital-87.5%-83.8%
5NRIMNorthrim BanCorp-76.1%14.0%
6IOBTIO Biotech-75.5%-60.3%
7ZYBTZhengye Biotechnology-74.9% 
8AMBIAmbipar Emergency Response-74.0%-78.8%
9FGLFounder-63.8%-64.3%
10BINIBollinger Innovations-63.6%-100.0%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical13709.5%13709.5%
2TNFATNF Pharmaceuticals7529.9%-95.9%
3QMMMQMMM2749.6%9228.1%
4WOLFWolfspeed1757.1%231.8%
5EAFGrafTech International1199.0%-24.2%
6SEGGLottery.com646.7%-7.9%
7SLNHSoluna435.8%20.0%
8PTNMPitanium433.3% 
9NUAINew Era Energy & Digital395.6% 
10BREABrera380.3%3593.8%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1BINIBollinger Innovations-96.1%-100.0%
2WOKWORK Medical Technology-90.8%-98.5%
3CJETChijet Motor-90.3%-92.7%
4MLTXMoonLake Immunotherapeutics-88.6%-88.5%
5YAASYouxin Technology-85.8%-98.9%
6ATYRaTyr Pharma-85.1%-78.0%
7CURXCuranex Pharmaceuticals-84.9%28.8%
8YYGHYY-84.6%-80.3%
9NEONNeonode-84.6%-58.7%
10SDMSmart Digital-82.5%-83.8%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1FTELFitell1068.4%-96.0%
2WOLFWolfspeed886.6%231.8%
3WHLRWheeler Real Estate Investment Trust404.4%-99.7%
4MNDRMobile-health Network Solutions388.0%-71.1%
5QUREuniQure329.5%236.4%
6NUAINew Era Energy & Digital311.7% 
7BQBoqii208.5%153.9%
8DVLTDatavault AI180.5% 
9DFLIDragonfly Energy132.9%-76.4%
10SHFSSHF130.9%-18.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1WOKWORK Medical Technology-91.5%-98.5%
2KALAKala Bio-89.0%-70.5%
3MLTXMoonLake Immunotherapeutics-88.6%-88.5%
4SDMSmart Digital-87.5%-83.8%
5NRIMNorthrim BanCorp-76.1%14.0%
6IOBTIO Biotech-75.5%-60.3%
7ZYBTZhengye Biotechnology-74.9% 
8AMBIAmbipar Emergency Response-74.0%-78.8%
9FGLFounder-63.8%-64.3%
10BINIBollinger Innovations-63.6%-100.0%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for GMS

Financials

GMSEXPTGLSBCCASPNMWGMedian
NameGMS Eagle Ma.Tecnogla.Boise Ca.Aspen Ae.Multi Wa. 
Mkt Price-233.0168.0576.617.080.2968.05
Mkt Cap4.27.63.22.90.6-3.2
Rev LTM5,4802,2879566,558397-2,287
Op Inc LTM27559326034531-275
FCF LTM32931455-14-3-55
FCF 3Y Avg35939363362-157-359
CFO LTM37655316727458-274
CFO 3Y Avg411555151579-19-411

Growth & Margins

GMSEXPTGLSBCCASPNMWGMedian
NameGMS Eagle Ma.Tecnogla.Boise Ca.Aspen Ae.Multi Wa. 
Rev Chg LTM-1.1%0.9%16.9%-5.3%11.2%-0.9%
Rev Chg 3Y Avg3.5%5.6%20.8%-7.3%43.1%-5.6%
Rev Chg Q-2.4%4.3%16.3%-3.2%-33.7%--2.4%
QoQ Delta Rev Chg LTM-0.6%1.2%3.9%-0.9%-9.1%--0.6%
Op Mgn LTM5.0%25.9%27.2%5.3%7.7%-7.7%
Op Mgn 3Y Avg7.3%27.2%29.5%8.2%-9.3%-8.2%
QoQ Delta Op Mgn LTM-0.3%-0.6%0.0%-1.0%-3.7%--0.6%
CFO/Rev LTM6.9%24.2%17.5%4.2%14.6%-14.6%
CFO/Rev 3Y Avg7.5%24.7%17.3%8.3%-13.6%-8.3%
FCF/Rev LTM6.0%13.7%5.8%-0.2%-0.8%-5.8%
FCF/Rev 3Y Avg6.6%17.5%7.3%5.1%-71.3%-6.6%

Valuation

GMSEXPTGLSBCCASPNMWGMedian
NameGMS Eagle Ma.Tecnogla.Boise Ca.Aspen Ae.Multi Wa. 
Mkt Cap4.27.63.22.90.6-3.2
P/S0.83.33.30.41.5-1.5
P/EBIT17.112.212.17.8-1.9-12.1
P/E41.116.817.511.0-1.9-16.8
P/CFO11.113.819.110.510.0-11.1
Total Yield2.4%6.2%6.5%17.0%-53.6%-6.2%
Dividend Yield0.0%0.2%0.8%7.9%0.0%-0.2%
FCF Yield 3Y Avg11.0%5.7%2.4%9.3%-23.1%-5.7%
D/E0.40.20.00.20.3-0.2
Net D/E0.40.2-0.00.00.0-0.0

Returns

GMSEXPTGLSBCCASPNMWGMedian
NameGMS Eagle Ma.Tecnogla.Boise Ca.Aspen Ae.Multi Wa. 
1M Rtn-1.0%-6.2%-11.7%3.5%22.6%1.0%
3M Rtn-15.4%-12.0%-11.5%19.6%7.8%7.8%
6M Rtn-5.2%-4.7%-21.5%10.8%-6.3%-4.7%
12M Rtn--18.2%-0.5%-45.4%-75.2%-32.4%-32.4%
3Y Rtn-120.8%231.8%51.0%-23.2%-85.9%
1M Excs Rtn--1.2%-8.7%-14.4%-0.7%23.9%-1.2%
3M Excs Rtn-8.1%-19.4%-18.9%12.2%0.4%0.4%
6M Excs Rtn--13.7%-22.7%-41.0%-11.8%-31.3%-22.7%
12M Excs Rtn--33.6%-13.6%-60.5%-90.2%-50.2%-50.2%
3Y Excs Rtn-40.8%160.4%-22.2%-111.3%-9.3%

Comparison Analyses

Financials

$ Mil | FY: 4/302026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
Period End7/31/20254/30/20251/31/202510/31/20247/31/20244/30/20241/31/202410/31/20237/31/20234/30/20231/31/202310/31/2022
Filing Date8/28/20256/18/20253/6/202512/5/20248/29/20246/20/20242/29/202412/7/20238/31/20236/22/20233/2/202312/8/2022
Key Financials Quarterly            
Total Revenue1,4141,3341,2611,4711,4481,4131,2581,4211,4101,3041,2351,431
Ebitda12310348138138138121160164147137187
Operating Income816040959810086125132114103153
Net Income4426-215457565281877665103
EPS1.140.68-0.551.371.451.421.302.002.131.831.562.44
Key Financials TTM            
Total Revenue TTM5,4805,5145,5935,5915,5415,5025,3935,3695,3795,3295,3145,233
Ebitda TTM412428463535557583593609636640642633
Operating Income TTM275293333380409443457474502505507501
Net Income TTM102115146219246276295308330333334331
Growth Rates Quarterly            
Total Revenue Growth-2.4%-5.6%0.2%3.5%2.8%8.4%1.9%-0.7%3.7%1.2%7.0%24.4%
EBITDA Growth-11.1%-25.5%-60.1%-13.5%-15.8%-6.6%-11.6%-14.7%-2.4%-1.4%7.1%31.7%
Operating Income Growth-17.4%-40.5%-53.8%-24.0%-25.3%-12.1%-16.6%-18.6%-2.1%-1.8%6.7%36.9%
Net Income Growth-23.9%-53.7%-141.2%-33.9%-34.1%-25.4%-19.9%-21.5%-3.0%-1.2%5.5%38.7%
Margins Quarterly            
EBITDA Margin8.7%7.7%3.8%9.4%9.6%9.7%9.6%11.2%11.7%11.3%11.1%13.1%
Operating Income Margin5.7%4.5%3.2%6.4%6.8%7.1%6.9%8.8%9.3%8.7%8.4%10.7%
Net Income Margin3.1%2.0%-1.7%3.6%4.0%4.0%4.1%5.7%6.2%5.8%5.2%7.2%
Cash & Debt            
Total Cash4056598453166887781165187124
Total Debt1,6561,5981,7361,7811,6741,5351,2251,2671,2911,2881,3751,362
Net Debt / (Cash)1,6161,5421,6771,6971,6211,3681,1361,1911,2091,1231,1891,238
Cash Flows Quarterly            
FCF from Operations-3119794116-232041041187205134107
Cash Flows TTM            
FCF from Operations TTM376384391401404433434464453442436360
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases132740534716254531283326
Return on Invested Capital (ROIC) Quarterly            
ROIC13.2%9.0%8.7%14.8%15.4%16.3%17.7%24.6%25.2%23.1%18.8%27.0%
Return on Invested Capital (ROIC) TTM            
ROIC TTM10.2%11.5%12.3%14.4%15.9%19.5%23.8%23.5%23.7%24.8%23.2%22.1%

Price Behavior

GMS Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta0.010.02-0.310.810.841.13
Up Beta0.02-0.08-0.300.990.981.28
Down Beta0.03-0.030.890.720.590.86
Up Capture1%12%68%92%93%192%
Bmk +ve Days10223571142415
Stock +ve Days11203262118397
Down Capture-3%4%-285%53%89%103%
Bmk -ve Days11192754106334
Stock -ve Days8172659126346

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/28/20250.0%0.1%0.1%
6/18/202510.6%34.9%49.7%
3/6/2025-7.5%-10.7%-9.8%
12/5/2024-4.4%-7.7%-18.9%
8/29/2024-6.7%-9.5%-0.4%
6/20/2024-6.1%-11.6%0.5%
2/29/2024-0.7%-0.3%8.2%
12/7/2023-3.5%2.8%11.0%
...
SUMMARY STATS   
# Positive91112
# Negative151312
Median Positive5.1%6.8%7.7%
Median Negative-4.4%-7.7%-10.2%
Max Positive11.4%34.9%49.7%
Max Negative-10.8%-20.3%-40.5%

SEC Filings

Expand for More

Report DateFiling DateFiling
7312025828202510-Q 7/31/2025
4302025618202510-K 4/30/2025
1312025306202510-Q 1/31/2025
103120241205202410-Q 10/31/2024
7312024829202410-Q 7/31/2024
4302024620202410-K 4/30/2024
1312024229202410-Q 1/31/2024
103120231207202310-Q 10/31/2023
7312023831202310-Q 7/31/2023
4302023622202310-K 4/30/2023
1312023302202310-Q 1/31/2023
103120221208202210-Q 10/31/2022
7312022901202210-Q 7/31/2022
4302022623202210-K 4/30/2022
1312022303202210-Q 1/31/2022
103120211202202110-Q 10/31/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Coliseum Capital Management, LLC 7162025Sell110.05179,13319,713,587401,244,281Form
1Turner John C JRPresident and CEO4082025Buy70.003,650255,5004,684,960Form

External Quote Links


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