UFP INDUSTRIES INC UFPI
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 5.00 | 6.78 | 8.21 | 11.05 | 8.61 | 4.00 | 2.91 | 2.41 | 1.95 | 1.66 |
| EPS, diluted | 5.00 | 6.77 | 8.07 | 10.97 | 8.59 | 4.00 | 2.91 | 2.40 | 1.94 | 1.65 |
| Shares, diluted (wtd. avg.) | $56.8M | $58.9M | $60.6M | $60.7M | $60.4M | $59.9M | $60.1M | $60.4M | $60.4M | $60.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 2421
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| WFG | WEST FRASER TIMBER CO., LTD | — | — | -11.5% |