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UFPI

UFP Industries, Inc.

UFPI

UFP Industries, Inc. • NASDAQ
$92.99 ▼ -0.58% (-0.54)
Market Cap $5.42 B
52w High $136.16
52w Low $87.11
Dividend Yield 1.38%
P/E 17.22
Volume 247.11K
Outstanding Shares 58.26M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.56B ▼ $170.752M ▼ $72.516M ▼ 4.65% ▼ $0 ▼ $142.445M ▼
Q2-2025 $1.835B ▲ $189.643M ▲ $100.734M ▲ 5.488% ▲ $1.7 ▲ $174.589M ▲
Q1-2025 $1.596B ▲ $175.944M ▲ $78.753M ▲ 4.936% ▲ $1.3 ▲ $142.108M ▲
Q4-2024 $1.462B ▼ $160.05M ▼ $68.039M ▼ 4.654% ▼ $1.12 ▼ $132.88M ▼
Q3-2024 $1.649B $178.486M $99.8M 6.051% $1.64 $174.439M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.046B ▲ $4.136B ▲ $927.278M ▲ $3.18B ▲
Q2-2025 $875.012M ▼ $4.097B ▼ $923.672M ▲ $3.145B ▼
Q1-2025 $935.348M ▼ $4.15B ▼ $885.95M ▼ $3.238B ▲
Q4-2024 $1.203B ▼ $4.151B ▼ $900.947M ▼ $3.224B ▲
Q3-2024 $1.23B $4.218B $1.019B $3.174B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $75.346M ▼ $283.584M ▲ $-67.632M ▲ $-49.707M ▲ $168.703M ▲ $207.832M ▲
Q2-2025 $100.871M ▲ $221.945M ▲ $-74.029M ▲ $-211.412M ▼ $-61.632M ▲ $159.461M ▲
Q1-2025 $79.423M ▲ $-108.807M ▼ $-75.55M ▲ $-90.926M ▼ $-274.971M ▼ $-176.075M ▼
Q4-2024 $69.783M ▼ $144.909M ▼ $-93.262M ▼ $-61.437M ▼ $-11.974M ▼ $78.128M ▼
Q3-2024 $99.8M $258.584M $-58.45M $-49.215M $149.466M $199.676M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Industrial
Industrial
 $400.00M ▲$380.00M ▼$410.00M ▲$430.00M ▲
Retail
Retail
 $640.00M ▲$520.00M ▼$610.00M ▲$790.00M ▲
Site Built
Site Built
 $530.00M ▲$490.00M ▼$520.00M ▲$550.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Over the past five years, UFP Industries’ sales and profits have followed a “surge then normalize” pattern. Revenue and earnings climbed sharply through 2021 and peaked around 2022, helped by strong construction and home-improvement demand and favorable lumber pricing. Since then, both sales and profits have stepped down from those highs as conditions cooled, but they remain comfortably above where they were five years ago. Profit margins have eased from peak levels yet appear healthier than in the early part of the period, suggesting the shift toward more value‑added products is cushioning the impact of weaker volumes and more normal pricing. Overall, the income statement reflects a cyclical business that is coming off an exceptional boom, not one in structural decline.

Balance Sheet

Balance Sheet The balance sheet looks conservative and resilient. Total assets have grown steadily, and shareholders’ equity has risen each year, showing that the company has been building net worth over time. Cash holdings have increased significantly compared with earlier years, giving UFP a sizeable liquidity cushion. Debt levels, by contrast, have stayed relatively modest and stable, so leverage does not appear to be a major concern. This combination of growing equity, solid cash reserves, and restrained borrowing points to a strong financial foundation that can better absorb industry downturns and fund future investments or acquisitions when opportunities arise.

Cash Flow

Cash Flow Cash generation has been a clear strength. Operating cash flow improved meaningfully from five years ago, with especially strong years during the recent boom, and even after moderating, it remains solid. Free cash flow has consistently been positive, meaning the business is generating more cash than it needs for routine capital spending. Investment in facilities and automation has been gradually increasing, but still sits at a level that leaves plenty of surplus cash. This pattern suggests UFP has good cash discipline, converts earnings into cash effectively, and has room to fund growth initiatives, dividends, or acquisitions without stretching its finances.

Competitive Edge

Competitive Edge UFP operates in a traditionally commodity‑heavy space but has carved out a more defensible position by moving up the value chain. Its scale as a major lumber buyer provides cost advantages, and its reach across retail, industrial packaging, and construction helps smooth out swings in any single market. The company has developed strong, long‑standing relationships with big-box retailers and a wide mix of industrial and construction customers, which can be difficult for smaller rivals to replicate. Its growing portfolio of branded and engineered products, custom packaging solutions, and prefabricated components further reduces reliance on pure commodity lumber. The main ongoing risks are exposure to housing and industrial cycles, competition from other building materials and large suppliers, and the need to continually justify premium offerings in a price-sensitive industry.

Innovation and R&D

Innovation and R&D Innovation is a central part of UFP’s strategy rather than a side activity. The company has introduced differentiated products such as advanced composite decking, thermally modified wood, tool‑free crate systems, digital tracking for construction components, and prefabricated building solutions. These offerings are designed to solve practical customer problems—like durability, ease of installation, safety, and project speed—rather than simply selling raw wood. UFP has also formalized innovation through dedicated leadership, accelerator programs, and targeted funds, while investing in automation and technology in its plants. The opportunity is to keep shifting the mix toward higher‑margin, branded, and engineered products that are less tied to lumber price swings. The risk is execution: new products must be adopted at scale, automation projects need to deliver efficiency gains, and competitors are also pushing into innovative, sustainable materials.

Summary

UFP Industries today looks like a more diversified, innovation‑driven company than a traditional lumber processor. Financially, it is coming off an unusually strong period and settling into more normal conditions, but profitability and cash flow remain stronger than before the boom. The balance sheet is sturdy, with ample cash and modest debt, giving the company flexibility and resilience. Strategically, UFP’s breadth across retail, packaging, and construction, along with its focus on engineered and branded solutions, provides some insulation from pure commodity cycles. At the same time, the business remains sensitive to construction activity, consumer spending on home improvement, industrial demand, and competition from alternative materials and rivals. The key variables to watch over time are how effectively UFP continues to grow its value‑added product mix, the returns on its innovation and automation investments, and its ability to navigate the inherent ups and downs of its end markets.

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