Dicks Income Statement Research

DKS Stock

USD 205.48 0.61 0.30%

Most accounts from Dicks Sporting's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Dicks Sporting Goods current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Dicks Sporting Valuation and Dicks Sporting Correlation analysis.

At this time, Dicks Sporting's Cost Of Revenue is comparatively stable compared to the past year. Total Operating Expenses is likely to gain to about 3.3 B in 2024, whereas Income Tax Expense is likely to drop slightly above 146.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	4.7B	4.3B	4.5B	4.8B
Total Revenue	12.3B	12.4B	13.0B	13.6B

Gross Profit Total Revenue

Dicks Sporting income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items	Selling And Marketing Expenses
Depreciation And Amortization		0.82	0.97	0.94	0.97	0.77	0.78	0.84	0.97	0.97	0.77	-0.6	0.79	0.55	0.83	0.63	-0.4	0.85	0.4	0.8	-0.81	0.82	0.43	0.55
Interest Expense	0.82		0.81	0.85	0.77	0.85	0.85	0.87	0.77	0.79	0.84	-0.83	0.86	0.6	0.58	0.79	-0.62	0.81	0.67	0.91	-1.0	0.93	0.43	0.69
Total Revenue	0.97	0.81		0.98	1.0	0.85	0.86	0.9	0.99	0.99	0.85	-0.67	0.86	0.62	0.82	0.7	-0.36	0.82	0.49	0.83	-0.8	0.81	0.54	0.69
Gross Profit	0.94	0.85	0.98		0.96	0.93	0.93	0.96	0.96	0.97	0.93	-0.74	0.93	0.69	0.76	0.79	-0.42	0.83	0.62	0.87	-0.85	0.85	0.56	0.76
Other Operating Expenses	0.97	0.77	1.0	0.96		0.8	0.8	0.86	1.0	1.0	0.79	-0.63	0.8	0.56	0.83	0.63	-0.34	0.81	0.41	0.8	-0.76	0.78	0.53	0.65
Operating Income	0.77	0.85	0.85	0.93	0.8		1.0	0.99	0.79	0.81	1.0	-0.78	1.0	0.82	0.6	0.93	-0.44	0.72	0.86	0.83	-0.85	0.82	0.47	0.79
Ebit	0.78	0.85	0.86	0.93	0.8	1.0		0.99	0.8	0.81	1.0	-0.76	1.0	0.82	0.61	0.92	-0.43	0.73	0.86	0.83	-0.85	0.82	0.47	0.79
Ebitda	0.84	0.87	0.9	0.96	0.86	0.99	0.99		0.85	0.87	0.99	-0.76	0.99	0.8	0.67	0.9	-0.44	0.77	0.81	0.85	-0.87	0.84	0.48	0.77
Cost Of Revenue	0.97	0.77	0.99	0.96	1.0	0.79	0.8	0.85		1.0	0.79	-0.62	0.8	0.57	0.84	0.63	-0.33	0.8	0.4	0.79	-0.75	0.77	0.52	0.64
Total Operating Expenses	0.97	0.79	0.99	0.97	1.0	0.81	0.81	0.87	1.0		0.8	-0.66	0.82	0.55	0.81	0.64	-0.37	0.83	0.41	0.83	-0.78	0.81	0.57	0.67
Income Before Tax	0.77	0.84	0.85	0.93	0.79	1.0	1.0	0.99	0.79	0.8		-0.74	1.0	0.84	0.61	0.93	-0.43	0.72	0.87	0.8	-0.83	0.8	0.44	0.77
Total Other Income Expense Net	-0.6	-0.83	-0.67	-0.74	-0.63	-0.78	-0.76	-0.76	-0.62	-0.66	-0.74		-0.77	-0.43	-0.36	-0.68	0.55	-0.61	-0.59	-0.92	0.84	-0.88	-0.7	-0.8
Net Income	0.79	0.86	0.86	0.93	0.8	1.0	1.0	0.99	0.8	0.82	1.0	-0.77		0.8	0.61	0.93	-0.48	0.75	0.85	0.84	-0.85	0.83	0.48	0.79
Income Tax Expense	0.55	0.6	0.62	0.69	0.56	0.82	0.82	0.8	0.57	0.55	0.84	-0.43	0.8		0.66	0.89	-0.12	0.42	0.85	0.43	-0.59	0.51	0.1	0.51
Selling General Administrative	0.83	0.58	0.82	0.76	0.83	0.6	0.61	0.67	0.84	0.81	0.61	-0.36	0.61	0.66		0.6	-0.14	0.58	0.32	0.5	-0.56	0.6	0.32	0.45
Net Income From Continuing Ops	0.63	0.79	0.7	0.79	0.63	0.93	0.92	0.9	0.63	0.64	0.93	-0.68	0.93	0.89	0.6		-0.48	0.62	0.91	0.69	-0.79	0.76	0.36	0.73
Non Recurring	-0.4	-0.62	-0.36	-0.42	-0.34	-0.44	-0.43	-0.44	-0.33	-0.37	-0.43	0.55	-0.48	-0.12	-0.14	-0.48		-0.54	-0.29	-0.58	0.61	-0.63	-0.31	-0.39
Non Operating Income Net Other	0.85	0.81	0.82	0.83	0.81	0.72	0.73	0.77	0.8	0.83	0.72	-0.61	0.75	0.42	0.58	0.62	-0.54		0.45	0.83	-0.81	0.86	0.52	0.59
Tax Provision	0.4	0.67	0.49	0.62	0.41	0.86	0.86	0.81	0.4	0.41	0.87	-0.59	0.85	0.85	0.32	0.91	-0.29	0.45		0.56	-0.67	0.58	0.19	0.64
Interest Income	0.8	0.91	0.83	0.87	0.8	0.83	0.83	0.85	0.79	0.83	0.8	-0.92	0.84	0.43	0.5	0.69	-0.58	0.83	0.56		-0.92	0.96	0.73	0.83
Net Interest Income	-0.81	-1.0	-0.8	-0.85	-0.76	-0.85	-0.85	-0.87	-0.75	-0.78	-0.83	0.84	-0.85	-0.59	-0.56	-0.79	0.61	-0.81	-0.67	-0.92		-0.94	-0.43	-0.69
Reconciled Depreciation	0.82	0.93	0.81	0.85	0.78	0.82	0.82	0.84	0.77	0.81	0.8	-0.88	0.83	0.51	0.6	0.76	-0.63	0.86	0.58	0.96	-0.94		0.68	0.78
Extraordinary Items	0.43	0.43	0.54	0.56	0.53	0.47	0.47	0.48	0.52	0.57	0.44	-0.7	0.48	0.1	0.32	0.36	-0.31	0.52	0.19	0.73	-0.43	0.68		0.8
Selling And Marketing Expenses	0.55	0.69	0.69	0.76	0.65	0.79	0.79	0.77	0.64	0.67	0.77	-0.8	0.79	0.51	0.45	0.73	-0.39	0.59	0.64	0.83	-0.69	0.78	0.8

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Dicks Sporting Account Relationship Matchups

Dicks Sporting income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	17.0M	48.8M	57.8M	95.2M	58.0M	60.9M
Total Revenue	8.8B	9.6B	12.3B	12.4B	13.0B	13.6B
Gross Profit	2.6B	3.1B	4.7B	4.3B	4.5B	4.8B
Operating Income	375.6M	741.5M	2.0B	1.5B	1.4B	1.5B
Ebit	375.6M	741.5M	2.0B	1.5B	1.4B	1.5B
Ebitda	661.4M	1.1B	2.4B	1.8B	1.8B	1.9B
Cost Of Revenue	6.2B	6.5B	7.6B	8.1B	8.4B	8.9B
Income Before Tax	407.7M	711.7M	2.0B	1.4B	1.3B	1.4B
Net Income	297.5M	530.3M	1.5B	1.0B	1.0B	1.1B
Income Tax Expense	110.2M	181.5M	474.6M	340.6M	271.6M	146.6M
Tax Provision	110.2M	181.5M	474.6M	340.6M	271.6M	249.3M
Interest Income	17.0M	48.8M	57.8M	95.2M	109.5M	115.0M
Net Interest Income	(17.0M)	(48.8M)	(57.8M)	(95.2M)	(58.0M)	(60.9M)

Pair Trading with Dicks Sporting

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dicks Sporting position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dicks Sporting will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dicks Stock

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Moving against Dicks Stock

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0.66	ETSY	Etsy Inc Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Dicks Sporting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dicks Sporting when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dicks Sporting - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dicks Sporting Goods to buy it.

The correlation of Dicks Sporting is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dicks Sporting moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dicks Sporting Goods moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Dicks Sporting can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Dicks Sporting Goods is a strong investment it is important to analyze Dicks Sporting's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dicks Sporting's future performance. For an informed investment choice regarding Dicks Stock, refer to the following important reports:

How To Invest In Dicks

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Is Dicks Stock a good investment?

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What is Dicks Sporting's Net Worth?

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Check out Dicks Sporting Valuation and Dicks Sporting Correlation analysis.

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Dicks Sporting's price analysis, check to measure Dicks Sporting's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dicks Sporting is operating at the current time. Most of Dicks Sporting's value examination focuses on studying past and present price action to predict the probability of Dicks Sporting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dicks Sporting's price. Additionally, you may evaluate how the addition of Dicks Sporting to your portfolios can decrease your overall portfolio volatility.

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Is Dicks Sporting's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dicks Sporting. If investors know Dicks will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dicks Sporting listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.37

Dividend Share

Earnings Share

12.18

Revenue Per Share

157.765

Quarterly Revenue Growth

0.078

The market value of Dicks Sporting Goods is measured differently than its book value, which is the value of Dicks that is recorded on the company's balance sheet. Investors also form their own opinion of Dicks Sporting's value that differs from its market value or its book value, called intrinsic value, which is Dicks Sporting's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dicks Sporting's market value can be influenced by many factors that don't directly affect Dicks Sporting's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Dicks Sporting's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dicks Sporting is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dicks Sporting's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Dicks Income Statement Research

Dicks Sporting income statement Correlations

Dicks Sporting Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Dicks Sporting income statement Accounts

Pair Trading with Dicks Sporting

Moving together with Dicks Stock

Moving against Dicks Stock

Complementary Tools for Dicks Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Total Operating Expenses	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Operating Income
Net Income	+ 1.0	Operating Income

Net Interest Income	- 1.0	Interest Expense
Reconciled Depreciation	- 0.94	Net Interest Income
Net Interest Income	- 0.92	Interest Income
Interest Income	- 0.92	Total Other Income Expense Net
Reconciled Depreciation	- 0.88	Total Other Income Expense Net
Net Interest Income	- 0.87	Ebitda