UFP Industries, Inc.
UFPI Basic Materials Lumber & Wood Production
UFP Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.3 billion, down 4.99% from fiscal 2024. In the quarter to June 2026, revenue grew 2.59%, EPS fell 12.9%, free cash flow fell 19.0% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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UFP Industries, Inc. (UFPI) Altman Z-score
UFP Industries, Inc.'s Altman Z-score for fiscal 2025 is 6.59, 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 | 6.59 | (1.30) |
| FY2024 | 7.89 | (0.47) |
| FY2023 | 8.35 | 0.83 |
| FY2022 | 7.52 | 0.20 |
| FY2021 | 7.32 | 1.31 |
| FY2020 | 6.01 | (0.69) |
| FY2019 | 6.69 | 0.66 |
| FY2018 | 6.03 | (1.00) |
| FY2017 | 7.04 | 0.11 |
| FY2016 | 6.93 | 0.33 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.44 | — | 0.53 | |
| Retained earnings / total assets | 0.64 | — | 0.89 | |
| EBIT / total assets | 0.09 | — | 0.30 | |
| Market value of equity / total liabilities | 5.50 | — | 3.30 | |
| Sales / total assets | 1.57 | — | 1.57 | |
| Altman Z-score | Safe zone | 6.59 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 9.03 | ||
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. | 6.6× |
| SSD Simpson Manufacturing Company, Inc. compare | 6.3× |
| BCC Boise Cascade, L.L.C. compare | 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