Boise Cascade, L.L.C.
BCC Basic Materials Lumber & Wood Production
Boise Cascade, L.L.C.’s revenue for fiscal 2025 (year ended December 2025) was $6.4 billion, down 4.75% from fiscal 2024. In the quarter to June 2026, revenue grew 5.24%, EPS was flat, free cash flow grew 151.6% and total debt rose 6.86%, each against the same quarter a year earlier.
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Boise Cascade, L.L.C. (BCC) Altman Z-score
Boise Cascade, L.L.C.'s Altman Z-score for fiscal 2025 is 4.66, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.66 | (1.38) |
| FY2024 | 6.04 | (0.20) |
| FY2023 | 6.24 | (0.18) |
| FY2022 | 6.42 | (0.39) |
| FY2021 | 6.80 | 1.65 |
| FY2020 | 5.16 | 0.54 |
| FY2019 | 4.62 | (0.06) |
| FY2018 | 4.68 | (0.08) |
| FY2017 | 4.77 | 0.60 |
| FY2016 | 4.17 | (0.64) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.36 | — | 0.43 | |
| Retained earnings / total assets | 0.46 | — | 0.65 | |
| EBIT / total assets | 0.06 | — | 0.19 | |
| Market value of equity / total liabilities | 2.36 | — | 1.42 | |
| Sales / total assets | 1.98 | — | 1.98 | |
| Altman Z-score | Safe zone | 4.66 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.11 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| UFPI UFP Industries, Inc. compare | 6.6× |
| SSD Simpson Manufacturing Company, Inc. compare | 6.3× |
| BCC Boise Cascade, L.L.C. | 4.7× |
| JCTC Jewett-Cameron Trading Company compare | 4.6× |
| WFG West Fraser Timber Co. Ltd. compare | 2.6× |
| NWGL Nature Wood Group Limited Sponsored ADR compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets