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Boise Cascade Company engages in the manufacture and sale of engineered wood products and plywood and wholesale distribution of building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and beams for use in headers and beams; I-joists for residential and commercial flooring and roofing systems and other structural applications; structural, appearance, and industrial grade plywood panels; and ponderosa pine lumber and appearance grade boards. The Building Materials Distribution segment distributes a line of building materials, including oriented strand boards, plywood, and lumber; general line items, such as siding, composite decking, doors and millwork, metal products, insulation, and roofing; and engineered wood products. It markets and sells its products to dealers, home improvement centers, wholesalers, specialty distributors, and industrial converters for use in the construction of new residential housing, repair and remodeling of existing housing, construction of light industrial and commercial buildings, and other industrial applications through warehouse and direct sales. The company was incorporated in 2004 and is headquartered in Boise, Idaho.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $6.4B | $364M | $133M | $13M | 6.4% | -4.8% | -64.7% |
| 2024 | $6.7B | $673M | $376M | $209M | 17.5% | -1.7% | -22.2% |
| 2023 | $6.8B | $806M | $484M | $472M | 22.0% | -18.5% | -43.6% |
| 2022 | $8.4B | $1.3B | $858M | $927M | 41.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 8,387.31 | 6,838.24 | 6,724.29 | 6,404.60 |
| Operating Revenue | - | 8,387.31 | 6,838.24 | 6,724.29 | 6,404.60 |
| Cost Of Revenue | - | 6,472.54 | 5,409.31 | 5,393.61 | 5,350.70 |
| Gross Profit | - | 1,914.77 | 1,428.93 | 1,330.69 | 1,053.89 |
| Operating Expense | - | 756.92 | 804.55 | 840.65 | 870.56 |
| Selling General And Administration | - | 657 | 673.94 | 697.24 | 715.95 |
| Total Expenses | - | 7,229.46 | 6,213.86 | 6,234.26 | 6,221.27 |
| Operating Income | - | 1,157.85 | 624.39 | 490.04 | 183.33 |
| Total Operating Income As Reported | - | 1,157.85 | 624.39 | 490.04 | 183.33 |
| EBITDA | - | 1,275.67 | 805.96 | 673.23 | 363.65 |
| Normalized EBITDA | - | 1,273.70 | 807.74 | 676.43 | 363.81 |
| EBIT | - | 1,171.79 | 670.54 | 525.83 | 201.80 |
| Interest Income | - | 12.26 | 48.11 | 39.14 | 18.77 |
| Interest Expense | - | 25.41 | 25.50 | 24.07 | 21.85 |
| Net Interest Income | - | -13.15 | 22.61 | 15.07 | -3.08 |
| Other Non Operating Income Expenses | - | -0.29 | -0.16 | -0.15 | -0.13 |
| Other Income Expense | - | 1.68 | -1.95 | -3.35 | -0.30 |
| Interest Income Non Operating | - | 12.26 | 48.11 | 39.14 | 18.77 |
| Interest Expense Non Operating | - | 25.41 | 25.50 | 24.07 | 21.85 |
| Net Non Operating Interest Income Expense | - | -13.15 | 22.61 | 15.07 | -3.08 |
| Pretax Income | - | 1,146.38 | 645.05 | 501.76 | 179.95 |
| Tax Provision | - | 288.72 | 161.39 | 125.40 | 47.12 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.50 | -0.45 | -0.80 | -0.04 |
| Net Income Continuous Operations | - | 857.66 | 483.66 | 376.35 | 132.84 |
| Net Income From Continuing And Discontinued Operation | - | 857.66 | 483.66 | 376.35 | 132.84 |
| Net Income From Continuing Operation Net Minority Interest | - | 857.66 | 483.66 | 376.35 | 132.84 |
| Net Income | - | 857.66 | 483.66 | 376.35 | 132.84 |
| Net Income Common Stockholders | - | 857.66 | 483.66 | 376.35 | 132.84 |
| Net Income Including Noncontrolling Interests | - | 857.66 | 483.66 | 376.35 | 132.84 |
| Normalized Income | - | 856.18 | 484.99 | 378.76 | 132.96 |
| Diluted NI Availto Com Stockholders | - | 857.66 | 483.66 | 376.35 | 132.84 |
| Basic Average Shares | - | 39.53 | 39.65 | 39.09 | 37.48 |
| Diluted Average Shares | - | 39.77 | 39.90 | 39.32 | 37.62 |
| Reconciled Depreciation | - | 103.88 | 135.41 | 147.40 | 161.85 |
| Reconciled Cost Of Revenue | - | 6,470.25 | 5,406.36 | 5,390.32 | 5,347.07 |
| Total Unusual Items | - | 1.98 | -1.78 | -3.20 | -0.16 |
| Total Unusual Items Excluding Goodwill | - | 1.98 | -1.78 | -3.20 | -0.16 |
| Special Income Charges | 0 | 0 | - | - | - |
| Gain On Sale Of Security | - | 1.98 | -1.78 | -3.20 | -0.16 |
| Depreciation Amortization Depletion Income Statement | - | 101.59 | 132.47 | 144.11 | 158.22 |
| Depreciation And Amortization In Income Statement | - | 101.59 | 132.47 | 144.11 | 158.22 |
| General And Administrative Expense | - | 103.75 | 114.43 | 102.32 | 99.70 |
| Other Gand A | - | 103.75 | 114.43 | 102.32 | 99.70 |
| Salaries And Wages | - | 0.29 | 0.16 | 0.15 | 0.13 |
| Gain On Sale Of Ppe | 0 | 0 | - | - | - |
| Other Operating Expenses | - | -1.68 | -1.86 | -0.71 | -3.61 |
| Selling And Marketing Expense | - | 553.25 | 559.50 | 594.93 | 616.26 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Boise Cascade Companythis co. | BCC | $2.4B | 18.14 | 1.16 | 6.4% | 6.72 |
| The Chemours Company | CC | $3.3B | - | 13.03 | -154.4% | 21.03 |
| Hawkins, Inc. | HWKN | $3.2B | 39.04 | 5.96 | 15.3% | 19.62 |
| Kaiser Aluminum Corporation | KALU | $3.1B | 27.14 | 3.70 | 13.6% | 12.82 |
| Alpha Metallurgical Resources, Inc. | AMR | $2.7B | -44.36 |
| - |
| - |
| - |
| - |
| - |
| 1.77 |
| -4.0% |
| 24.96 |
| WD-40 Company | WDFC | $2.7B | 30.11 | 10.19 | 33.8% | 24.47 |
| Quaker Chemical Corporation | KWR | $2.4B | -982.03 | 1.78 | -0.2% | 21.93 |
| Minerals Technologies Inc. | MTX | $2.4B | -129.26 | 1.39 | -1.1% | 22.86 |
| Ingevity Corporation | NGVT | $2.3B | -13.75 | 77.38 | -562.6% | 83.64 |
| Peer Median | - | -13.75 | 4.83 | -0.6% | 22.40 | |