UFP INDUSTRIES INC UFPI

Industrials SIC 2421 - Sawmills & Planting Mills, General NAICS Manufacturing › Wood Product Manufacturing › Other Wood Product Manufacturing derived Nasdaq

General Development of the Business.

UFP Industries, Inc. ("we," "our," "the Company," or "UFP") is a holding company with subsidiaries throughout the United States, Mexico, Canada, Spain, India and Australia that design, manufacture and supply products made from wood, wood and non-wood composites, and other materials to three segments: retail, packaging, and construction. We are headquartered in Grand Rapids, Michigan.

For information relating to current developments in our business please see "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Item 7 below.

Financial Information About Segments.

Last close 81.23 2026-10-23
Market cap $4.48B 2026-06-27 share count
52-week range 73.72 - 118.00

Valuation FY2025 figures against the last close

P/S0.7x
P/E16.2x
P/FCF16.2x
EV/EBITDA7.5x
Dividend yield1.8%
Diluted EPS5.00

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Foreign
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 6B (95.5%) 96% United States Foreign, FY2025: 282.4M (4.5%) 4% FY2024 United States, FY2024: 6.4B (95.6%) 96% Foreign, FY2024: 292.8M (4.4%) 4% FY2023 United States, FY2023: 6.9B (96.1%) 96% Foreign, FY2023: 283M (3.9%) 4%
Region FY2025FY2024FY2023
United States $6.04B $6.36B $6.94B
Foreign $282.4M $292.8M $283.0M

As the company reported it, from the “SEGMENT REPORTING - Information Regarding Principal Geographic Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $6.32B$6.65B$7.22B$9.63B$8.64B$5.15B$4.42B$4.49B$4.01B$3.30B
Cost of revenue $5.26B$5.43B$5.80B$7.84B$7.23B$4.35B$3.73B$3.90B$3.40B$2.77B
Gross profit $1.06B$1.23B$1.42B$1.79B$1.41B$800.3M$685.5M$592.9M$542.8M$474.6M
SG&A $691.0M$735.0M$766.6M$832.1M$682.3M$444.6M$439.0M$392.2M$362.2M$310.2M
Total operating expenses $696.2M$734.5M$772.4M———————
Operating income $363.9M$492.2M$646.5M$950.2M$737.6M$345.8M$244.9M$207.3M$181.5M$164.4M
Interest expense $10.9M$12.7M$12.8M$13.9M$13.8M$9.3M$8.7M$8.9M$6.2M$4.6M
Pre-tax income $392.2M$540.2M$671.2M$934.8M$726.3M$341.0M$240.7M$197.9M$176.0M$160.7M
Income tax $96.2M$121.4M$156.8M$229.9M$174.0M$87.1M$58.3M$45.4M$52.0M$55.2M
Net income $294.8M$414.6M$514.3M$692.7M$535.6M$246.8M$179.7M$148.6M$119.5M$101.2M
EPS, basic 5.006.788.2111.058.614.002.912.411.951.66
EPS, diluted 5.006.778.0710.978.594.002.912.401.941.65
Shares, diluted (wtd. avg.) 56.8M58.9M60.6M60.7M60.4M59.9M60.1M60.4M60.4M60.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $914.2M$1.17B$1.12B$559.4M$286.7M$436.5M$168.3M$27.3M$28.3M$34.1M
Short-term investments $34.4M$31.1M$34.7M$36.0M$36.5M$24.3M$18.5M$14.8M$11.3M—
Receivables $476.0M$500.9M$549.5M$617.6M$737.8M$470.5M$364.0M$343.4M$327.8M$282.3M
Inventory $722.0M$720.8M$727.8M$973.2M$963.3M$567.3M$486.9M$556.2M$460.3M$397.2M
Total current assets $2.27B$2.50B$2.50B$2.26B$2.07B$1.54B$1.09B$995.3M$863.5M$756.4M
Property, plant and equipment $992.6M$890.7M$776.6M$689.0M$589.0M$417.2M$387.2M$354.7M$328.6M$297.9M
Goodwill $343.9M$339.8M$336.3M$337.3M$315.0M$252.2M$229.5M$224.1M$212.6M$198.5M
Other intangibles $133.6M$152.5M$175.2M$143.9M$109.0M$72.3M$48.3M$41.5M$34.9M$26.7M
Total assets $4.02B$4.15B$4.02B$3.67B$3.25B$2.40B$1.89B$1.65B$1.46B$1.29B
Accounts payable $205.9M$224.7M$203.1M$206.9M$319.1M$211.5M$142.5M$136.9M$140.1M$124.7M
Short-term debt $899.0K$4.1M$42.9M$2.9M$42.7M$100.0K$2.8M$148.0K$1.3M$2.6M
Total current liabilities $494.2M$512.4M$568.0M$611.8M$776.0M$463.7M$354.0M$310.2M$303.2M$271.8M
Long-term debt $228.9M$229.8M$233.5M$275.2M$277.6M$311.6M$160.9M$202.1M$144.7M$109.1M
Total liabilities $934.2M$900.9M$967.6M$1.07B$1.23B$921.7M$631.7M$558.9M$490.7M$431.6M
Retained earnings $2.56B$2.78B$2.58B$2.22B$1.68B$1.18B$995.0M$839.9M$736.2M$649.1M
Total equity $3.06B$3.22B$3.03B$2.60B$2.02B$1.48B$1.26B$1.09B$974.0M$860.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $545.7M$642.6M$959.9M$831.6M$512.5M$336.5M$349.3M$116.7M$136.6M$172.5M
Depreciation and amortisation $138.4M$124.6M$110.6M$94.1M$84.2M$64.0M$60.5M$54.9M$48.5M$40.8M
Stock-based compensation $37.8M$38.2M$34.9M$28.2M$11.2M$4.0M$4.0M$3.6M$3.6M$2.2M
Capital expenditure $269.4M$232.3M$180.4M$174.1M$151.2M$89.2M$84.9M$95.9M$71.1M$53.8M
Investing cash flow -$273.2M-$270.8M-$240.2M-$353.9M-$611.2M-$154.7M-$142.0M-$121.2M-$137.7M-$227.7M
Financing cash flow -$530.1M-$307.1M-$162.9M-$210.2M-$45.0M$85.2M-$67.3M$4.4M-$5.2M$3.2M
Dividends paid $82.3M$80.8M$68.2M$58.9M$40.2M$30.7M$24.5M$22.1M$19.6M$3.3M
Buybacks $433.0M$141.1M$82.1M$95.8M—$29.2M—$24.6M$13.0M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-019567.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2.5B 5B 7.5B 10B Revenue, FY2016: 3.3B Gross profit, FY2016: 474.6M Net income, FY2016: 101.2M Revenue, FY2017: 4B Gross profit, FY2017: 542.8M Net income, FY2017: 119.5M Revenue, FY2018: 4.5B Gross profit, FY2018: 592.9M Net income, FY2018: 148.6M Revenue, FY2019: 4.4B Gross profit, FY2019: 685.5M Net income, FY2019: 179.7M Revenue, FY2020: 5.2B Gross profit, FY2020: 800.3M Net income, FY2020: 246.8M Revenue, FY2021: 8.6B Gross profit, FY2021: 1.4B Net income, FY2021: 535.6M Revenue, FY2022: 9.6B Gross profit, FY2022: 1.8B Net income, FY2022: 692.7M Revenue, FY2023: 7.2B Gross profit, FY2023: 1.4B Net income, FY2023: 514.3M Revenue, FY2024: 6.7B Gross profit, FY2024: 1.2B Net income, FY2024: 414.6M Revenue, FY2025: 6.3B Gross profit, FY2025: 1.1B Net income, FY2025: 294.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.30B $4.01B $4.49B $4.42B $5.15B $8.64B $9.63B $7.22B $6.65B $6.32B
Gross profit $474.6M $542.8M $592.9M $685.5M $800.3M $1.41B $1.79B $1.42B $1.23B $1.06B
Net income $101.2M $119.5M $148.6M $179.7M $246.8M $535.6M $692.7M $514.3M $414.6M $294.8M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Change of control Control of the company has changed hands. Item 5.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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