Forensic Analysis · Lumber & Wood Products · as of Nov 9, 2026
Ufp Industries Inc (UFPI)
A forensic read on Ufp Industries Inc 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
9.0
Distress distance
Clean
Earnings quality
2
Forensic signals
9.4%
ROE
-5.0%
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.
Ufp Industries Inc earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 9.0, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by shareholder returns.
What the filings flag
186% of FCF
FY2025
Shareholder returns.Returned $515M to shareholders (buybacks + dividends) in FY2025 — 186% of free cash flow. That is $239M (86%) more than free cash flow covered. It came out of the balance sheet's own liquid holdings, not new debt: cash and short-term investments fell $254M over FY2025, while total debt fell $4M. A payout past free cash flow draws the balance sheet down in every year it continues, which isn't sustainable indefinitely. Counting the $38M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 200%.
10.8%
FY2025
Return on invested capital.Return on invested capital is 10.8% in the latest fiscal year and slipping across FY2023–FY2025 from 20.9%. After-tax operating profit was $496M in FY2023 and $275M in FY2025, with operating income at 9.0% of revenue in FY2023, 7.4% in FY2024 and 5.8% in FY2025. The capital base behind it went from $2.4B in FY2023 to $2.5B in FY2025 (+7%), while the revenue it carried went from $7.2B to $6.3B. Across FY2024–FY2025, $531M went into capital expenditure and acquisitions against $263M of depreciation. The base is struck net of amortisation, write-downs and the current liabilities that fund it, so it moved by less than that spending net of the wear, and this row does not say which of those absorbed the difference.
Key fundamentals
Latest Revenue$6.32B
Revenue Growth YoY-5.0%
Revenue CAGR (2yr)-6.4%
Net Margin4.7%
Free Cash Flow$276.4M
Return on Equity9.4%
Debt / Equity0.08x
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 Ufp Industries Inc's actual 10-K/10-Q/8-K filings?