Returning more cash than it generates. Paid out $994M vs $693M of free cash flow over the 3 fiscal years to 2025.
Boise Cascade returned $994M to shareholders over three years, 143% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.
Operating margin at a 6-year low.2.9% in 2025, the weakest of the last 6 years.
Boise Cascade's operating margin fell to 2.9% in 2025, its lowest in the 6 years of filings we have.
Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.
Boise Cascade's fiscal-year revenue declined in each of the three years to 2025.
Sales growing faster than profits. Since 2022: revenue −24%, operating profit −84%.
Since 2022, Boise Cascade's revenue changed −24% while operating profit fell 84%: costs rose faster than sales.
Why it changed since the Oct 27, 2026 close: Score 40 → 41
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Why it changed since the Oct 27, 2026 close: Safety percentile 59 → 60
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Boise Cascade
Is Boise Cascade getting weaker?
Its latest SEC filing (Aug 3, 2026) showed no major changes. Its overall score is unchanged at 45/100 since Oct 28, 2026.
How is Boise Cascade valued vs its peers?
Priced about in line with its peers. Valuation scores 59/100 against 1,371 basic materials peers.EBITDA yield 11.8% vs a peer median of 8.5% (stronger than 67% of peers).EBITDA yield 11.8% vs peers 8.5% (stronger than 67% of peers).
Is Boise Cascade growing?
More slowly than most of its peers. Growth scores 22/100 against 1,371 basic materials peers.Earnings per share growth -56.9% vs a peer median of 9.4% (weaker than 92% of peers).Earnings per share growth -56.9% vs peers 9.4% (weaker than 92% of peers).
How profitable is Boise Cascade?
About as profitable as its peers. Profitability scores 41/100 against 1,371 basic materials peers.Operating margin 2.5% vs a peer median of 7.6% (weaker than 72% of peers).Operating margin 2.5% vs peers 7.6% (weaker than 72% of peers).
How risky is Boise Cascade?
Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings.Current ratio 2.71× vs a peer median of 1.76× (stronger than 74% of peers).Current ratio 2.71× vs peers 1.76× (stronger than 74% of peers).Beta 1.05 vs a peer median of 0.69 (weaker than 75% of peers).Beta 1.05 vs peers 0.69 (weaker than 75% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 3, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
6.4B USD
6.5B USD
+1.4%
Net income (12 months)
110.3M USD
105.7M USD
−4.2%
Operating margin
2.5%
2.5%
+0.0 pts
Free cash flow (12 months)
38.6M USD
103.3M USD
+167.7%
Debt
448.1M USD
448.4M USD
+0.1%
Cash
338.7M USD
304.8M USD
−10.0%
Shares outstanding
35.2M
34.9M
−0.8%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Basic Materials · 121 companies
Valuations in Basic Materials are near the top of their range since 2016.
84% of months since 2016 were valued lower than now.
43% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +23% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is −9% vs the whole market, against a usual −27%.
2016Shaded: most expensive fifth of its range2026
Shown for Basic Materials: too few Lumber & Wood Production companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Operating margin
12.3%
13.8%
9.1%
7.3%
2.9%
▼ 4.4 pts
Net margin
9.0%
10.2%
7.1%
5.6%
2.1%
▼ 3.5 pts
Return on assets (ROA)
27.7%
26.5%
14.0%
11.2%
4.1%
▼ 7.1 pts
Return on equity (ROE)
52.7%
41.7%
22.0%
17.5%
6.4%
▼ 11 pts
Free cash flow margin
7.1%
11.1%
6.9%
3.1%
0.2%
▼ 2.9 pts
Current ratio
2.94×
3.78×
3.46×
3.34×
3.36×
▲ 0.3%
Quick ratio
1.91×
2.50×
2.26×
1.92×
1.74×
▼ 9.3%
Debt to equity
0.33×
0.22×
0.20×
0.21×
0.21×
▲ 3.5%
Interest coverage
39.18×
45.56×
24.49×
20.36×
8.39×
▼ 59%
BCC price history
Price history is added with the daily price update and will appear after the next one.