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Data as of Q3 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Ranked against 8 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FBIN | $5.3B | 17.9× | 11.9× | 1.2× | -3.2% | 44.6% | 6.7% | 12.5% | 6.1% | 3.6× | 116 |
| TREX | $5.2B | 28.6× | 16.1× | 4.4× | 2.0% | 39.2% | 16.2% | 18.4% | 18.4% | -0.0× | 108 |
| LPX | $5.1B | 35.3× | — | 1.9× | -7.9% | 21.8% | 5.4% | 8.4% | 7.0% | — | 85 |
| UFPI | $4.5B | 16.3× | 7.6× | 0.7× | -5.0% | 16.8% | 4.7% | 9.6% | 9.0% | -1.4× | 77 |
| SKY | $4.4B | 22.1× | 12.6× | 1.6× | 7.3% | 26.4% | 7.8% | 13.2% | 13.0% | -2.0× | 70 |
| CVCO | $4.2B | 22.8× | 15.8× | 1.9× | 11.4% | 23.5% | 8.5% | 17.3% | 17.3% | -0.9× | 76 |
| KOP | $792M | 15.3× | 7.6× | 0.4× | -10.2% | 23.8% | 3.0% | 9.8% | 3.8% | 4.1× | 42 |
| LEGH | $688M | 16.6× | 13.5× | 4.2× | -10.7% | 48.5% | 25.4% | 7.9% | 7.9% | -0.2× | 19 |
| JELD | $118M | — | — | 0.0× | -14.9% | 16.0% | -19.3% | -674% | -49.1% | — | 13 |
Peers = companies sharing UFPI's sector (Sawmills & Planting Mills, General) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 3 positive fiscal years (FY2023, FY2024, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $81.53 today, the market must believe free cash flow compounds -8.2%/yr for a decade (off $488.7M on the 3-yr avg basis).
On the basis ($451.8M) the requirement is -7.1%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's -8.2% is more conservative than its 9-yr track record.
Default is 8.4% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.06B shares (market data) · net debt -$684.4M
Today's price is outside this grid at every discount rate shown — the assumptions it requires lie beyond the plotted range, which is itself the finding.
mean 124.1% · volatility σ 395% · implied rate exceeded in 5/9 yrs
Central path = implied -8.2%/yr growth; shaded band = ±1σ (395%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 30% of free cash flow, leaving room to grow it and fund buybacks. Last year: $82.3M dividends + $433.0M buybacks = $515.4M returned on $276.4M FCF.
9 consecutive years of dividend increases · 44%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Modest payoff on reinvested capital. Current ROIC on all capital: 9%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-29
Where each multiple sits in its own 14-yr range · 48th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 10% against ROIC 9% — 1% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 5.2× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 86.8 | 84.5 | 84.5 | 83.7 | 81.4 | 80.3 | 81.6 | 83.2 |
| Gross Profit | 13.2 | 15.5 | 15.5 | 16.3 | 18.6 | 19.7 | 18.4 | 16.8 |
| SG&A | 8.7 | 9.9 | 8.6 | 7.9 | 8.6 | 10.6 | 11.0 | 10.9 |
| Operating Income | 4.6 | 5.5 | 6.7 | 8.5 | 9.9 | 9.0 | 7.4 | 5.8 |
| Income Tax | 1.0 | 1.3 | 1.7 | 2.0 | 2.4 | 2.2 | 1.8 | 1.5 |
| Net Income | 3.3 | 4.1 | 4.8 | 6.2 | 7.2 | 7.1 | 6.2 | 4.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on UFPI: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $914.2M covers all $229.8M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-27 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~4.8% on $229.8M of debt.
Cash of $914.2M fully covers short-term debt of $899K.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-10-29
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it. This year they exceeded net income, so the ribbons are capped at earnings and understate what was actually returned.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.32B 100.0% | $6.65B 100.0% | $7.22B 100.0% | $9.63B 100.0% | $8.64B 100.0% | $5.15B 100.0% | $4.42B 100.0% | $4.49B 100.0% | $3.94B 100.0% | $3.24B 100.0% |
| Cost of Revenue | $5.26B 83.2% | $5.43B 81.6% | $5.80B 80.3% | $7.84B 81.4% | $7.23B 83.7% | $4.35B 84.5% | $3.73B 84.5% | $3.90B 86.8% | $3.40B 86.2% | $2.77B 85.4% |
| Cost of Products | — | — | — | — | — | — | — | — | — | $2.77B 85.4% |
| Gross Profit | $1.06B 16.8% | $1.23B 18.4% | $1.42B 19.7% | $1.79B 18.6% | $1.41B 16.3% | $800.3M 15.5% | $685.5M 15.5% | $592.9M 13.2% | $542.8M 13.8% | $474.6M 14.6% |
| Selling, General & Admin | $691.0M 10.9% | $735.0M 11.0% | $766.6M 10.6% | $832.1M 8.6% | $682.3M 7.9% | $444.6M 8.6% | $439.0M 9.9% | $392.2M 8.7% | $362.2M 9.2% | $310.2M 9.6% |
| Total Operating Expenses | $696.2M 11.0% | $734.5M 11.0% | $772.4M 10.7% | — | — | — | — | — | — | — |
| Operating Income | $363.9M 5.8% | $492.2M 7.4% | $646.5M 9.0% | $950.2M 9.9% | $737.6M 8.5% | $345.8M 6.7% | $244.9M 5.5% | $207.3M 4.6% | $181.5M 4.6% | $164.4M 5.1% |
| Interest Expense | $10.9M 0.2% | $12.7M 0.2% | $12.8M 0.2% | $13.9M 0.1% | $13.8M 0.2% | $9.3M 0.2% | $8.7M 0.2% | $8.9M 0.2% | $6.2M 0.2% | $4.6M 0.1% |
| Interest & Investment Income | — | — | — | — | — | $2.4M 0.0% | $1.9M 0.0% | $1.4M 0.0% | $731K 0.0% | $541K 0.0% |
| Other Income (Expense), net | $28.3M 0.4% | $47.9M 0.7% | $24.7M 0.3% | -$15.4M -0.2% | -$11.2M -0.1% | -$4.8M -0.1% | -$4.2M -0.1% | -$9.4M -0.2% | -$5.5M -0.1% | -$3.8M -0.1% |
| Pretax Income | $392.2M 6.2% | $540.2M 8.1% | $671.2M 9.3% | $934.8M 9.7% | $726.3M 8.4% | $341.0M 6.6% | $240.7M 5.5% | $197.9M 4.4% | $176.0M 4.5% | $160.7M 5.0% |
| Income Tax Expense | $96.2M 1.5% | $121.4M 1.8% | $156.8M 2.2% | $229.9M 2.4% | $174.0M 2.0% | $87.1M 1.7% | $58.3M 1.3% | $45.4M 1.0% | $52.0M 1.3% | $55.2M 1.7% |
| Net Income | $294.8M 4.7% | $414.6M 6.2% | $514.3M 7.1% | $692.7M 7.2% | $535.6M 6.2% | $246.8M 4.8% | $179.7M 4.1% | $148.6M 3.3% | $119.5M 3.0% | $101.2M 3.1% |
| Per Share | ||||||||||
| EPS (Basic) | $5.00 | $6.78 | $8.21 | $11.05 | $8.61 | $4.00 | $2.91 | $2.41 | $1.95 | $1.66 |
| EPS (Diluted) | $5.00 | $6.77 | $8.07 | $10.97 | $8.59 | $4.00 | $2.91 | $2.40 | $1.94 | $1.65 |
| Weighted Avg Shares (Basic) | 56.7M | 58.8M | 59.6M | 60.2M | 60.2M | 59.9M | 60.1M | 60.4M | 60.3M | 60.1M |
| Weighted Avg Shares (Diluted) | 56.8M | 58.9M | 60.6M | 60.7M | 60.4M | 59.9M | 60.1M | 60.4M | 60.4M | 60.2M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
The spread has compressed 3 years running.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 13.3% | 8.4% (today's — no rate published for this year) | 5.0pts |
| FY2020 | 17.4% | 8.4% (today's — no rate published for this year) | 9.1pts |
| FY2021 | 24.7% | 8.1% | 16.6pts |
| FY2022 | 28.1% | 9.3% | 18.8pts |
| FY2023 | 20.5% | 9.0% | 11.5pts |
| FY2024 | 14.8% | 10.4% | 4.4pts |
| FY2025 | 10.6% | 8.6% | 2.0pts |
| Now | 9.0% | 8.4% | 0.6pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 14.6% | 5.1% | 3.1% |
| FY2017 | 13.8% | 4.6% | 3.0% |
| FY2018 | 13.2% | 4.6% | 3.3% |
| FY2019 | 15.5% | 5.5% | 4.1% |
| FY2020 | 15.5% | 6.7% | 4.8% |
| FY2021 | 16.3% | 8.5% | 6.2% |
| FY2022 | 18.6% | 9.9% | 7.2% |
| FY2023 | 19.7% | 9.0% | 7.1% |
| FY2024 | 18.4% | 7.4% | 6.2% |
| FY2025 | 16.8% | 5.8% | 4.7% |
Return on equity (10%) and return on invested capital (9%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
$345M of goodwill — 12% of invested capital. The gap is what was paid above the fair value of what was bought; it is real capital shareholders provided, so neither bar is the whole answer.
The spread is 1.63pts and would invert under a ±2% move in WACC, so the verdict rests on the cost-of-capital assumption rather than on the business.
Converts 1.01x of reported profit into free cash flow over 5 years, with accruals negative.
Reported free cash flow is $276M; after share-based compensation it is $239M. The difference is a real cost that the cash flow statement adds back.
Covers interest 23.3x even after a 30% EBITDA decline.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 33.33x |
| 5% | 31.67x |
| 10% | 30.00x |
| 15% | 28.33x |
| 20% | 26.67x |
| 25% | 25.00x |
| 30% | 23.33x |
| 35% | 21.67x |
| 40% | 20.00x |
| 45% | 18.33x |
| 50% | 16.67x |
| 55% | 15.00x |
| 60% | 13.33x |
Ladder as of 2025-12-27 (10-K); cash from the 2025-12-27 balance sheet; FCF from FY2025.
Balance sheet at 2025-12-27. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Operating leases are $127,082,000 of the $356,840,000 total — a fixed obligation that does not appear in a headline debt figure.
At $81.53, free cash flow must compound -7.76%/yr for 10 years. It has done 0.74%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | −6.5% | −7.8% |
| FY2021 | 46.1% | −7.8% |
| FY2022 | 82.0% | −7.8% |
| FY2023 | 18.6% | −7.8% |
| FY2024 | −47.4% | −7.8% |
| FY2025 | −32.6% | −7.8% |
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM.
The implied rate has been matched or beaten in 4 of the last 6 years.
Last reported position per insider, carried forward. Steps can be a holding disclosed for the first time rather than a trade.
| Date | Insider | What it was |
|---|
| Shares |
|---|
| Price |
|---|
| Value |
|---|
| 2026-09-30 | Ellerbrook Michael M President, UFP Construction | Grant | 15 | $77.22 | — |
| 2026-09-30 | Tarvin Landon C President, UFP Retail | Grant | 15 | $77.22 | — |
| 2026-09-30 | Guerre Robert Paul Insider | Grant | 19 | $77.22 | — |
| 2026-09-30 | Cole Michael R Chief Financial Officer | Grant | 19 | $77.22 | — |
| 2026-09-30 | Missad Matthew J Executive Chairman | Grant | 19 | $77.22 | — |
| 2026-08-31 | Ellerbrook Michael M President, UFP Construction | Grant | 13 | $84.52 | — |
| 2026-08-31 | Tarvin Landon C President, UFP Retail | Grant | 13 | $84.52 | — |
| 2026-08-31 | Guerre Robert Paul Insider | Grant | 17 | $84.52 | — |
| 2026-08-31 | Missad Matthew J Executive Chairman | Grant | 17 | $84.52 | — |
| 2026-08-31 | Cole Michael R Chief Financial Officer | Grant | 17 | $84.52 | — |
| 2026-08-03 | Wooldridge Michael G. Director | Grant | 368 | $91.68 | $34k |
| 2026-08-03 | 2 co-filers Group filing | Grant | 73 | $91.68 | $7k |
| 2026-08-03 | Mclean Benjamin J. Director | Grant | 593 | $91.68 | — |
| 2026-08-03 | Budden Joan A Director | Grant | 368 | $91.68 | $34k |
| 2026-08-03 | Rhodes Thomas Wayne Director | Grant | 653 | $91.68 | — |
| 2026-08-03 | Tuuk Kuras Mary Director | Grant | 368 | $91.68 | $34k |
| 2026-08-03 | Walker Brian C Director | Grant | 368 | $91.68 | — |
| 2026-08-03 | 2 co-filers Group filing | Grant | 294 | $91.68 | — |
| 2026-07-31 | Ellerbrook Michael M President, UFP Construction | Grant | 13 | $86.74 | — |
| 2026-07-31 | Tarvin Landon C President,UFP Retail Solutions | Grant | 13 | $86.74 | — |
| 2026-07-31 | Guerre Robert Paul Insider | Grant | 16 | $86.74 | — |
| 2026-07-31 | Missad Matthew J Executive Chairman | Grant | 16 | $86.74 | — |
| 2026-07-31 | Cole Michael R Chief Financial Officer | Grant | 16 | $86.74 | — |
| 2026-06-30 | Missad Matthew J Executive Chairman | Grant | 16 | $90.74 | — |
| 2026-06-30 | Tarvin Landon C President,UFP Retail Solutions | Grant | 12 | $90.74 | — |
| 2026-06-30 | Guerre Robert Paul Insider | Grant | 16 | $90.74 | — |
| 2026-06-30 | Cole Michael R Chief Financial Officer | Grant | 16 | $90.74 | — |
| 2026-05-29 | Missad Matthew J Executive Chairman | Grant | 18 | $81.00 | — |
| 2026-05-29 | Tarvin Landon C President,UFP Retail Solutions | Grant | 18 | $81.00 | — |
| 2026-05-29 | Guerre Robert Paul Insider | Grant | 18 | $81.00 | — |
| 2026-05-29 | Cole Michael R Chief Financial Officer | Grant | 18 | $81.00 | — |
| 2026-05-01 | Walker Brian C Director | Grant | 397 | $85.18 | — |
| 2026-05-01 | 2 co-filers Group filing | Grant | 8 | $85.18 | $681 |
| 2026-05-01 | Mclean Benjamin J. Director | Grant | 639 | $85.18 | — |
| 2026-05-01 | Wooldridge Michael G. Director | Grant | 396 | $85.18 | $34k |
| 2026-05-01 | Budden Joan A Director | Grant | 396 | $85.18 | $34k |
| 2026-05-01 | Rhodes Thomas Wayne Director | Grant | 704 | $85.18 | — |
| 2026-05-01 | Tuuk Kuras Mary Director | Grant | 396 | $85.18 | $34k |
| 2026-05-01 | 2 co-filers Group filing | Grant | 32 | $85.18 | — |
| 2026-04-30 | Tarvin Landon C President,UFP Retail Solutions | Grant | 13 | $89.49 | — |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.
| Step | Amount | Running total |
|---|---|---|
| Net income | $295M | $295M |
| Share-based comp | $38M | $333M |
| Other non-cash & working capital | $213M | $546M |
| Operating cash flow | $546M | $546M |
| Capex | −$269M | $276M |
| Free cash flow | $276M | $276M |
| FCF after SBC | $239M | $239M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 16.7% | 29.3% | 12.5 points |
| FY2021 | 67.6% | 56.8% | -10.8 points |
| FY2022 | 11.5% | -16.3% | -27.8 points |
| FY2023 | -25.0% | -11.0% | 14.0 points |
| FY2024 | -7.8% | -8.8% | -1.0 points |
| FY2025 | -5.0% | -5.0% | 0.0 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 30.1 days | 47.6 days | 13.9 days | 63.8 days |
| FY2020 | 33.3 days | 47.6 days | 17.7 days | 63.1 days |
| FY2021 | 31.2 days | 48.6 days | 16.1 days | 63.7 days |
| FY2022 | 23.4 days | 45.3 days | 9.6 days | 59.1 days |
| FY2023 | 27.8 days | 45.8 days | 12.8 days | 60.8 days |
| FY2024 | 27.5 days | 48.5 days | 15.1 days | 60.9 days |
| FY2025 | 27.5 days | 50.1 days | 14.3 days | 63.3 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -9.0 percent |
| FY2020 | -3.7 percent |
| FY2021 | 0.7 percent |
| FY2022 | -3.8 percent |
| FY2023 | -11.1 percent |
| FY2024 | -5.5 percent |
| FY2025 | -6.2 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.