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 | 9.6% | -5.0% | -28.9% |
| 2024 | $6.7B | $701M | $415M | $410M | 12.9% | -7.8% | -19.4% |
| 2023 | $7.2B | $816M | $514M | $780M | 17.1% | -25.0% | -25.7% |
| 2022 | $9.6B | $1.1B | $693M | $657M | 27.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 9,626.74 | 7,218.38 | 6,652.31 | 6,320.34 |
| Operating 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 |
| Selling General And Administration | - | 832.08 | 766.63 | 735.05 | 691.01 |
| Total Expenses | - | 8,671.01 | 6,572.11 | 6,153.91 | 5,953.31 |
| Operating Income | - | 955.73 | 646.27 | 498.40 | 367.03 |
| Total Operating Income As Reported | - | 950.18 | 646.53 | 492.24 | 363.90 |
| EBITDA | - | 1,062.29 | 815.97 | 701.03 | 564.21 |
| Normalized EBITDA | - | 1,067.83 | 815.71 | 707.18 | 567.34 |
| EBIT | - | 948.73 | 684.08 | 552.86 | 403.16 |
| Interest Income | - | 0.72 | 39.92 | 60.53 | 38.55 |
| Interest Expense | - | 13.91 | 12.84 | 12.71 | 10.92 |
| Net Interest Income | - | -13.18 | 27.07 | 47.82 | 27.63 |
| Other Income Expense | - | -7.73 | -2.11 | -6.07 | -2.42 |
| Interest Income Non Operating | - | 0.72 | 39.92 | 60.53 | 38.55 |
| Interest Expense Non Operating | - | 13.91 | 12.84 | 12.71 | 10.92 |
| Net Non Operating Interest Income Expense | - | -13.18 | 27.07 | 47.82 | 27.63 |
| Pretax Income | - | 934.82 | 671.24 | 540.16 | 392.24 |
| Tax Provision | - | 229.85 | 156.78 | 121.42 | 96.25 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.36 | 0.06 | -1.39 | -0.77 |
| Net Income Continuous Operations | - | 704.96 | 514.46 | 418.73 | 295.99 |
| Net Income From Continuing And Discontinued Operation | - | 692.65 | 514.31 | 414.56 | 294.79 |
| Net Income From Continuing Operation Net Minority Interest | - | 692.65 | 514.31 | 414.56 | 294.79 |
| Net Income | - | 692.65 | 514.31 | 414.56 | 294.79 |
| Net Income Common Stockholders | - | 665.16 | 489.17 | 398.46 | 283.70 |
| Net Income Including Noncontrolling Interests | - | 704.96 | 514.46 | 418.73 | 295.99 |
| Normalized Income | - | 696.83 | 514.11 | 419.33 | 297.15 |
| Diluted NI Availto Com Stockholders | - | 665.16 | 489.17 | 398.46 | 283.70 |
| Basic Average Shares | - | 62.68 | 62.64 | 61.14 | 58.96 |
| Diluted Average Shares | - | 63.14 | 63.73 | 61.23 | 58.96 |
| 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 |
| Total Unusual Items | - | -5.55 | 0.26 | -6.16 | -3.13 |
| Total Unusual Items Excluding Goodwill | - | -5.55 | 0.26 | -6.16 | -3.13 |
| Minority Interests | - | -12.31 | -0.14 | -4.17 | -1.20 |
| Special Income Charges | - | -5.55 | 0.26 | -6.16 | -3.13 |
| Other Operating Expenses | - | 1.65 | 6.03 | -6.70 | 2.11 |
| Otherunder Preferred Stock Dividend | - | 27.49 | 25.14 | 16.10 | 11.09 |
| Earnings From Equity Interest | - | -2.18 | -2.37 | 0.09 | 0.71 |
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 | $4.5B | 15.97β premium | 1.48 | 9.3% | 6.98 |
| Perimeter Solutions, Inc. | PRM | $5.0B | - | 4.39 | -18.2% | - |
| Constellium SE | CSTM | $4.9B | 18.03 | 5.17 | 28.7% | 7.99 |
| Knife River Corporation | KNF | $4.3B | 27.69 | 2.65 | 9.6% | 11.13 |
| Cabot Corporation | CBT | $4.3B | 12.95 |
| - |
| - |
| - |
| - |
| - |
| 2.77 |
| 21.4% |
| 6.60 |
| NovaGold Resources Inc. | NG | $3.6B | -37.96 | 21.94 | -57.8% | -45.70 |
| Calumet, Inc. | CLMT | $3.3B | -96.45 | -4.45 | 4.6% | 23.49 |
| Perpetua Resources Corp. | PPTA | $3.1B | -31.20 | 28.77 | -92.2% | - |
| Avient Corporation | AVNT | $3.1B | 38.23 | 1.32 | 3.4% | 11.66 |
| Peer Median | - | 12.95 | 3.58 | 4.0% | 9.56 | |