Quality Investor

UFP Industries, Inc.

Rank #273Hypergrowth

UFPI · Nasdaq · Basic Materials

UFP Industries, Inc. (UFPI) — Rank #273 by gross profitability (GP/assets 0.26) · ROE 9.7% · Piotroski F-Score 7 / 9.

As-of 2026-09-15 · CIK 0000912767 · all metrics point-in-time as of the filing date.

About

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.

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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.

Industry
Lumber & Wood Production
Sector
Basic Materials
State
MI
Filer Category
Large accelerated filer
Fiscal Year End
December 26
Website
ufpi.com

Price History

UFPI+16.6% · +3.1% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$4.47B

P/E (annual)

16.2

P/S (annual)

0.7

P/B

1.5

P/OCF (annual)

8.2

Shareholder Yield

7.5%

Employees

13,800

Industry

Lumber & Wood Production

Exchange

Nasdaq

Signal Flags

3 green1 yellow
Revenue growth acceleratingGrowth rate increasing year over year
Operating leverage expandingOperating income growing faster than revenue
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 2-quarter streak
Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why

Quality Profile

Profitability

1/1 pass
GP / assets
0.26
Return on equity
9.7%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.34
Current ratio
3.98×
Net cash
$409.34M

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
0.6%

Growth

2/2 pass
Revenue growth
95.0%
Piotroski F-Score
7 / 9
Share dilution
-5.7%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

5.2%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Buyback tailwind: -5.7% — per-share value needs a total required return of -0.5% once share-count change is priced in.

vs. own 6-year median revenue growth: 12.5%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

1.0%

r = 10% (base)

5.2%

r = 12%

8.8%

Net debt / market cap: -8.9%

Base FCF: $276.4M3Y mean FCF: $102.5M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

17.0xExpensive
6.3xmed 9.1x58.9x

P / S

Price / revenue per share

0.5xExpensive
0.0xmed 0.1x0.5x

P / B

Price / book value per share

2.1xExpensive
0.0xmed 0.5x2.1x

P / GP

Price / gross profit per share

3.7xExpensive
0.0xmed 1.3x3.7x

P / FCF

Price / free cash flow per share

30.4xExpensive
0.0xmed 9.3x30.4x

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.26

Primary signal (Novy-Marx).

Return on equity

9.7%

Gross margin

16.8%

Revenue growth (YoY)

95.0%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2014201520162017
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

Revenue CAGR (5Y)

Earnings CAGR (3Y)

-24.8%

FCF CAGR (3Y)

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.34

Current ratio

3.98×

Quick ratio

2.47×

Net cash

$409.34M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$276.36M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

-0.06

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.6%

Stock-based comp intensity.

Dividend safety

Composite score

3.5 / 5

Good
Payout ratio
27.9%5/5 Strong
FCF coverage
3.36×5/5 Strong
Dividend growth streak
3 yr2/5 Fair
Balance-sheet health
D/E 0.34 · IC N/A2/5 Fair

Piotroski F-Score

F-Score

7 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20122017
Capital Return
Op. Leverage