Forensic Analysis · Durable-Goods Wholesale · as of Nov 9, 2026

Boise Cascade Co (BCC)

A forensic read on Boise Cascade Co built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Safe

Financial health

6.1

Distress distance

Clean

Earnings quality

Forensic signals

6.3%

ROE

-4.8%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Boise Cascade Co earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 6.1, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

6.2%

FY2025

Return on invested capital. Return on invested capital is 6.2% in the latest fiscal year and slipping across FY2023–FY2025 from 24.4%. After-tax operating profit was $468M in FY2023 and $135M in FY2025, with operating income at 9.1% of revenue in FY2023, 7.3% in FY2024 and 2.9% in FY2025. The capital base behind it grew +14% across FY2023–FY2025, from $1.9B to $2.2B, while the return fell 18.2 points, so the dollars added over that window earned less than the 24.4% the older base was already earning.

1712% of FCF

FY2025

Shareholder returns. Returned $218M to shareholders (buybacks + dividends) in FY2025 — 1712% of free cash flow, but 86% of operating cash flow. Returns run ahead of free cash flow, with the gap funded by debt or cash reserves rather than the cash the business itself throws off; the payout itself is still covered by operating cash. Counting the $12M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 1807%.

-84%

FY2024→FY2025

Dividend — cut. The payout was CUT ~84% in FY2025 (from FY2024). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies.

Key fundamentals

Latest Revenue$6.40B

Revenue Growth YoY-4.8%

Revenue CAGR (2yr)-3.2%

Net Margin2.1%

Free Cash Flow$12.7M

Return on Equity6.3%

Debt / Equity0.21x

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Boise Cascade Co's actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.