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Private company

Summit Materials, Inc.

Summit Materials, Inc. is an American Mining and Quarrying of Nonmetallic Minerals company.1 It is headquartered in Denver, Colorado.1

Last updated Oct 21, 2026.

Overview

$2.6BRevenue, fiscal 20232
$289.6MNet income, fiscal 20232
  • IndustryMining & Quarrying of Nonmetallic Minerals (No Fuels)1
  • HeadquartersDenver, Colorado1
  • Incorporated inDE3
  • Business address1801 California Street, Suite 3500, Denver, Co 802023
  • Filer categoryLarge accelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

11.9%Operating margin2
11.1%Net margin2
8.6%Revenue growth, 20232
12.6%Return on equity2
1.00×Debt to equity2
$183.2MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue71¢$1.9B
  • Other costs9¢$248.4M
  • Interest4¢$114.2M
  • Income tax4¢$104.8M
  • Profit11¢$289.6M

Out of $2.6B in revenue.2

Where each dollar of operating cash went, fiscal 2023

  • Capital spending58¢$255.6M
  • Kept or used elsewhere42¢$183.2M

Out of $438.9M of cash from operations.2

Financial statements

Revenue4567892$2.6B in 2023+118% since 2014
0$1.0B$2.0B$3.0B2014: $1.2B$1.2B20142016: $1.6B$1.6B2016+35%2017: $1.9B$1.9B2017+19%2018: $2.1B$2.1B2018+9%2019: $2.2B$2.2B2019+6%2021: $2.3B$2.3B2021+5%2022: $2.4B$2.4B2022+3%2023: $2.6B$2.6B2023+9%
Operating income4567892$310.6M in 2023+344% since 2014
0$100.0M$200.0M$300.0M$400.0M2014: $70.0M$70.0M20142016: $154.7M$154.7M2016+121%2017: $220.9M$220.9M2017+43%2018: $162.5M$162.5M2018−26%2019: $213.6M$213.6M2019+31%2021: $225.2M$225.2M2021+5%2022: $269.0M$269.0M2022+19%2023: $310.6M$310.6M2023+15%
Net income4567892$289.6M in 2023
-$100.0M0$100.0M$200.0M$300.0M2014: -$6.3M-$6.3M20142016: $46.1M$46.1M20162017: $125.8M$125.8M2017+173%2018: $36.3M$36.3M2018−71%2019: $61.1M$61.1M2019+68%2021: $141.2M$141.2M2021+131%2022: $275.9M$275.9M2022+95%2023: $289.6M$289.6M2023+5%
Fiscal year20142016201720182019202120222023
Revenue$1.2B4$1.6B5$1.9B6$2.1B7$2.2B8$2.3B9$2.4B2$2.6B2
Cost of revenue$887.2M4$1.1B5$1.3B5$1.5B5$1.6B8$1.7B9$1.8B2$1.9B2
Operating income$70.0M4$154.7M5$220.9M6$162.5M7$213.6M8$225.2M9$269.0M2$310.6M2
Interest$86.7M4$97.5M5$108.5M6$116.5M7$116.5M8$103.6M9$87.0M2$114.2M2
Income before tax$361.5M2$394.5M2
Income tax-$7.0M4-$5.3M5-$284.0M6$59.7M7$17.1M8-$12.2M9$85.5M2$104.8M2
Net income-$6.3M4$46.1M5$125.8M6$36.3M7$61.1M8$141.2M9$275.9M2$289.6M2
Earnings per share$0.525
Earnings per share (diluted)$0.5213

Compare Summit Materials, Inc. with another company

Corporate structure

Summit Materials, Inc. is part of a group headed by Summit Materials, LLC. 68 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Summit Materials, Inc.

  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SCHEDULE 13G/A on Summit Materials, Inc., latest Feb 14, 2025 (5 filings since Feb 14, 2022)
  • Argos SEM, LLC Filed SCHEDULE 13D/A on Summit Materials, Inc., latest Feb 10, 2025 (3 filings since Jan 22, 2024)
  • MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Filed SC 13G/A on Summit Materials, Inc., latest Nov 12, 2024 (2 filings since Feb 9, 2024)
  • VANGUARD GROUP INC Filed SC 13G/A on Summit Materials, Inc., latest Nov 12, 2024 (6 filings since Feb 10, 2022)
  • BlackRock Filed SC 13G on Summit Materials, Inc., latest Nov 8, 2024 (5 filings since Feb 3, 2022)
  • Capital International Investors Filed SC 13G/A on Summit Materials, Inc., latest Feb 9, 2024 (3 filings since Feb 11, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on Summit Materials, Inc., latest Feb 9, 2024 (3 filings since Feb 8, 2022)
  • FMR LLC Filed SC 13G/A on Summit Materials, Inc., latest Feb 9, 2023 (2 filings since Feb 9, 2022)
  • Summit Materials, LLC Denver, Colorado
    • Summit Materials, Inc. Denver, Colorado
    • Alan Ritchey Materials Company, L.C. Subsidiary · Oklahoma, United States
    • Alleyton Resource Company, LLC Subsidiary · Delaware, United States
    • Alleyton Services Company, LLC Subsidiary · Delaware, United States
    • American Materials Company, LLC Subsidiary · North Carolina, United States
    • AMI Associates, LC Subsidiary · Utah, United States
    • Argos North America Corp. Subsidiary · Delaware, United States
    • Argos USA LLC Subsidiary · Delaware, United States
    • Arizona Materials Leasing, L.L.C. Subsidiary · Arizona, United States
    • Arizona Materials, L.L.C. Subsidiary · Arizona, United States
    • Asphalt Materials, LLC Subsidiary · Utah, United States
    • Austin Materials, LLC Subsidiary · Delaware, United States
    • B&B Resources, Inc. Subsidiary · Utah, United States
    • Boxley Materials Company Subsidiary · Virginia, United States
    • Buckingham Slate #1, LLC Subsidiary · Virginia, United States
    • Buckingham Slate #2, LLC Subsidiary · Virginia, United States
    • Buckingham Slate Company, LLC Subsidiary · Virginia, United States
    • Buildex, LLC Subsidiary · Delaware, United States
    • Colorado County Sand & Gravel Co., L.L.C. Subsidiary · Texas, United States
    • Columbia Aggregates, LLC Subsidiary · South Carolina, United States
    • Con-Agg Companies, LLC Subsidiary · Missouri, United States
    • Concrete Supply of Topeka, LLC Subsidiary · Kansas, United States
    • Continental Cement Company, L.L.C. Subsidiary · Delaware, United States
    • Cornejo & Sons, L.L.C. Subsidiary · Kansas, United States
    • Elam Construction, Inc. Subsidiary · Colorado, United States
    • and 42 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Summit Materials, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Finance-lease assets$18.0M2 Dec 30, 2023$17.1M2 Dec 31, 2022+5.4%
Operating-lease assets (leased space)$36.6M2 Dec 30, 2023$37.9M2 Dec 31, 2022−3.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$374.2M2 Dec 30, 2023$520.5M2 Dec 31, 2022−28.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.2B2 Dec 30, 2023$1.1B2 Dec 31, 2022+8.2%
Intangible assets, net (excluding goodwill)$68.1M2 Dec 30, 2023$71.4M2 Dec 31, 2022−4.6%
Accumulated amortization$19.0M2 Dec 30, 2023$15.5M2 Dec 31, 2022+22.4%
Finite-lived intangibles, net$68.1M2 Dec 30, 2023$71.4M2 Dec 31, 2022−4.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$241.3M2 Dec 30, 2023$212.5M2 Dec 31, 2022+13.6%
Raw materials$22.3M2 Dec 30, 2023$22.3M2 Dec 31, 2022−0.3%
Work in process$10.7M2 Dec 30, 2023$8.2M2 Dec 31, 2022+30.7%
Finished goods$43.1M2 Dec 30, 2023$33.6M2 Dec 31, 2022+28.3%

Leadership

Who has led Summit Materials, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Thomas W. Hill2015–2020
  2. Anne P. Noonan2020–2025

President

  1. Thomas W. Hill2015–2020
  2. Anne P. Noonan2020–2025

Chief financial officer

  1. Brian James Harris2015–2023
20202025
Board members and other officers (31)

Timeline

  1. Feb 10, 20258-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale46
  2. Feb 5, 20258-K Shareholder vote; Other events47
  3. Jan 28, 20258-K Results of operations; Regulation FD disclosure48
  4. Jan 27, 20258-K Other events49
  5. Jan 10, 20258-K Other events50
  6. Dec 26, 20248-K Executive or director change51
  7. Nov 15, 20248-K Bylaws or fiscal year changed52
  8. Oct 30, 20248-K Results of operations53
  9. Aug 22, 20248-K Executive or director change; Regulation FD disclosure54
  10. Aug 5, 20248-K Results of operations55
  11. Jul 25, 20248-K Entered a material agreement; New debt or obligation56
  12. May 22, 20248-K Shareholder vote57
  13. Sep 3, 2020New chief executive Anne P. Noonan becomes CEO15
  14. Mar 12, 2015New chief executive Thomas W. Hill becomes CEO16

Calendar

When it reported results

  1. Jan 28, 2025Reported quarterly or annual results48
  2. Oct 30, 2024Reported quarterly or annual results53
  3. Aug 5, 2024Reported quarterly or annual results55
  4. May 1, 2024Reported quarterly or annual results58
  5. Feb 14, 2024Reported quarterly or annual results59
  6. Nov 1, 2023Reported quarterly or annual results60
  7. Aug 2, 2023Reported quarterly or annual results61
  8. May 3, 2023Reported quarterly or annual results62

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

270 filings to the SEC since October 2021: 2 quarterly reports, 35 major events, 158 insider forms, 29 large holders, 46 other. The latest 20:

  1. Feb 21, 202515-12G EDGAR
  2. Feb 14, 2025SCHEDULE 13G/A EDGAR
  3. Feb 10, 2025SCHEDULE 13D/A EDGAR
  4. Feb 10, 20254 EDGAR
  5. Feb 10, 20254 EDGAR
  6. Feb 10, 20254 EDGAR
  7. Feb 10, 20254 EDGAR
  8. Feb 10, 20254 EDGAR
  9. Feb 10, 20254 EDGAR
  10. Feb 10, 20254 EDGAR
  11. Feb 10, 20254 EDGAR
  12. Feb 10, 20254 EDGAR
  13. Feb 10, 20254 EDGAR
  14. Feb 10, 20254 EDGAR
  15. Feb 10, 20254 EDGAR
  16. Feb 10, 20254 EDGAR
  17. Feb 10, 20254 EDGAR
  18. Feb 10, 20254 EDGAR
  19. Feb 10, 20254 EDGAR
  20. Feb 10, 20254 EDGAR

The 270 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 0 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 10, 2024Gaskill Christopher BurkeSee RemarksSale1,536$50.91$78.2KForm 4
May 13, 2024Kilgore JasonSee RemarksSale50,589$40.21$2.0MForm 4
May 26, 2022Gaskill Christopher BurkeSee RemarksSale8,104$27.63$223.9KForm 4
Nov 15, 2021Wade Anne K.DirectorSale4,098$41.11$168.5KForm 4
Nov 8, 2021MURPHY JOHN RAYMONDDirectorSale5,137$37.99$195.2KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Summit Materials, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSummit Materials, Inc.1
  • CIK0001621563
  • Employer ID (EIN)47-19842121
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)1400 Mining & Quarrying of Nonmetallic Minerals (No Fuels)1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address1801 California Street, Suite 3500, Denver, CO 802021
  • Phone303-893-00121
  • Public float$4.5B as of Jul 1, 20232
  • On EDGAR sinceOct 8, 20141
  • Filings904 in all: 4 (433), 8-K (137), SC 13G/A (52), 3 (41), DEFA14A (31), 10-Q (30), SC 13G (26), UPLOAD (24)1
    All 47 form types

    CORRESP (21), 10-K (9), DEF 14A (9), 4/A (8), S-1/A (7), IRANNOTICE (6), 424B5 (5), 144 (4), 424B3 (4), EFFECT (4), S-3ASR (4), 3/A (3), 424B2 (3), 5 (3), DRSLTR (3), S-1 (3), S-8 (3), S-8 POS (3), 424B4 (2), ARS (2), DEFM14A (2), DRS/A (2), PREM14A (2), PRER14A (2), SC 13D (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 8-A12B (1), 8-K/A (1), CERTNYS (1), DRS (1), POS AM (1), POSASR (1), PRE 14A (1), S-1MEF (1), SC 13D/A (1), SCHEDULE 13D/A (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Feb 15, 2024
    Quarterly report (10-Q) Oct 31, 2024
    Proxy statement (DEF 14A) Apr 8, 2024
    Latest 8-K (8-K) Feb 10, 2025

Sources

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