UFP Industries, Inc., together with its subsidiaries, designs, manufactures, and supplies wood and non-wood composites, and other materials in the United States and internationally. It operates through three segments: Retail, Construction, and Packaging. The Retail segment offers pressure-treated and fire-retardant products under the ProWood brand; lawn and garden products, such as wood and vinyl fencing and lattice, garden beds and planters, pergolas, picnic tables, and other landscaping products under the Outdoor Essentials brand; wood plastic composite; mineral based composite decking and related decking accessories, including aluminum railing systems, balusters, and post caps under the Surestone brand; customized and aluminum fencing; exterior siding, pattern, trim, and fascia products; and pre-painted and primed shiplap, and project boards. The Packaging segment designs, engineers, manufactures, and tests custom packaging products made of wood and metal; designs and manufactures pallets made of wood and heat-treated wood; and provides corrugate, foam, labels, strapping, and films. The Construction segment designs and manufactures roof trusses, cut-to-size dimensional and board lumber, plywood, and oriented strand board; designs and manufactures roof and floor trusses, wall panels, I-joists, lumber packages, and engineered wood components used to frame residential and light commercial projects. This segment also engages in the designing, manufacturing, and installing of customized interior fixtures, casework, and architectural millwork used in retail and commercial structures; designs, manufactures, and supplies wood forms and related products for residential building, non-residential building, distribution, and infrastructure verticals. The company was formerly known as Universal Forest Products, Inc. and changed its name to UFP Industries, Inc. in April 2020. UFP Industries, Inc. was incorporated in 1955 and is headquartered in Grand Rapids, Michigan.
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 | $6.3B | $564M | $295M | $276M | 9.5% | -5.0% | -28.9% |
| 2024 | $6.7B | $701M | $415M | $410M | 12.8% | -7.8% | -19.4% |
| 2023 | $7.2B | $816M | $514M | $780M | 16.9% | -25.0% | -25.7% |
| 2022 | $9.6B | $1.1B | $693M | $657M | 26.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 9,626.74 | 7,218.38 | 6,652.31 | 6,320.34 |
| Cost Of Revenue | 7,837.28 | 5,799.45 | 5,425.57 | 5,260.19 |
| Gross Profit | 1,789.46 | 1,418.94 | 1,226.74 | 1,060.15 |
| Operating Expense | 833.73 | 772.66 | 728.34 | 693.12 |
| Operating Income | 955.73 | 646.27 | 498.40 | 367.03 |
| EBITDA | 1,062.29 | 815.97 | 701.03 | 564.21 |
| EBIT | 948.73 | 684.08 | 552.86 | 403.16 |
| Pretax Income | 934.82 | 671.24 | 540.15 | 392.24 |
| Tax Provision | 229.85 | 156.78 | 121.42 | 96.25 |
| Net Income | 692.65 | 514.31 | 414.56 | 294.79 |
| Net Income Common Stockholders | 665.16 | 489.17 | 398.46 | 283.70 |
| Total Expenses | 8,671.01 | 6,572.11 | 6,153.91 | 5,953.31 |
| Interest Expense | 13.91 | 12.84 | 12.71 | 10.92 |
| Interest Income | 0.72 | 39.92 | 60.53 | 38.55 |
| Selling General And Administration | 832.08 | 766.63 | 735.05 | 691.01 |
| Normalized EBITDA | 1,067.83 | 815.71 | 707.18 | 567.34 |
| Normalized Income | 696.83 | 514.11 | 419.33 | 297.15 |
| Basic EPS | 11.05 | 8.21 | 6.78 | 0 |
| Diluted EPS | 10.97 | 8.07 | 6.77 | 0 |
| Tax Effect Of Unusual Items | -1.36 | 0.06 | -1.39 | -0.77 |
| Tax Rate For Calcs | 0.25 | 0.23 | 0.23 | 0.24 |
| Total Unusual Items | -5.55 | 0.26 | -6.16 | -3.13 |
| Total Unusual Items Excluding Goodwill | -5.55 | 0.26 | -6.16 | -3.13 |
| Net Income From Continuing Operation Net Minority Interest | 692.65 | 514.31 | 414.56 | 294.79 |
| Reconciled Depreciation | 113.56 | 131.89 | 148.16 | 161.05 |
| Reconciled Cost Of Revenue | 7,837.28 | 5,799.45 | 5,425.57 | 5,260.19 |
| Net Interest Income | -13.19 | 27.07 | 47.82 | 27.63 |
| Net Income From Continuing And Discontinued Operation | 692.65 | 514.31 | 414.56 | 294.79 |
| Total Operating Income As Reported | 950.18 | 646.53 | 492.24 | 363.90 |
| Diluted Average Shares | 63.14 | 63.73 | 61.23 | 0 |
| Basic Average Shares | 62.68 | 62.64 | 61.14 | 0 |
| Diluted NI Availto Com Stockholders | 665.16 | 489.17 | 398.46 | 283.70 |
| Otherunder Preferred Stock Dividend | 27.49 | 25.14 | 16.10 | 11.09 |
| Minority Interests | -12.31 | -0.14 | -4.17 | -1.20 |
| Net Income Including Noncontrolling Interests | 704.96 | 514.46 | 418.73 | 295.99 |
| Net Income Continuous Operations | 704.96 | 514.46 | 418.73 | 295.99 |
| Other Income Expense | -7.73 | -2.11 | -6.07 | -2.42 |
| Special Income Charges | -5.55 | 0.26 | -6.16 | -3.13 |
| Earnings From Equity Interest | -2.18 | -2.37 | 0.09 | 0.71 |
| Net Non Operating Interest Income Expense | -13.19 | 27.07 | 47.82 | 27.63 |
| Interest Expense Non Operating | 13.91 | 12.84 | 12.71 | 10.92 |
| Interest Income Non Operating | 0.72 | 39.92 | 60.53 | 38.55 |
| Other Operating Expenses | 1.65 | 6.03 | -6.70 | 2.11 |
| Operating Revenue | 9,626.74 | 7,218.38 | 6,652.31 | 6,320.34 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| UFP Industries, Inc.this co. | UFPI | $5.3B | 18.59β premium | 1.72 | 9.5% | 8.92 |
| SSR Mining Inc. | SSRM | $5.8B | 15.23 | 1.63 | 9.2% | 9.76 |
| Knife River Corporation | KNF | $5.1B | 32.50 | 3.10 | 9.6% | 12.74 |
| Perimeter Solutions, Inc. | PRM | $5.0B | - | 4.01 | -18.2% | -39.77 |
| USA Rare Earth, Inc. | USAR | $4.8B |
| - |
| 6.62 |
| -60.2% |
| -96.24 |
| Constellium SE | CSTM | $4.4B | 16.79 | 4.58 | 28.1% | 7.60 |
| Cabot Corporation | CBT | $4.0B | 13.24 | 2.51 | 19.4% | 6.56 |
| United States Lime & Minerals, Inc. | USLM | $3.7B | 27.46 | 5.82 | 21.3% | 18.03 |
| NovaGold Resources Inc. | NG | $3.4B | - | 7.70 | -57.8% | -109.35 |
| Peer Median | - | 16.79 | 4.30 | 9.4% | 7.08 | |