BOISE CASCADE Co financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BOISE CASCADE Co files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	3,911	4,432	4,995	4,643	5,475	7,926	8,387	6,838	6,724	6,405
Cost of revenue		3,820	4,308	3,966	4,536	6,300	6,473	5,409	5,394	5,351
Gross profit		612	688	678	939	1,626	1,915	1,429	1,331	1,054
General and administrative	59.8	63	68.8	71.1	78.6	83.2	104	114	102	99.7
Operating income	84.7	141	72	136	335	972	1,158	624	490	183
Interest expense	26.7	25.4	26.2	26.1	26.2	24.8	25.4	25.5	24.1	21.8
Interest income	0.39	0.55	1.65	2.81	1	0.2	12.3	48.1	39.1	18.8
Other non-operating income	-41.4	-23.8	-49.9	-28.2	-48.7	-23	-11.5	20.7	11.7	-3.38
Pre-tax income	43.3	118	22.1	108	286	949	1,146	645	502	180
Income tax	5.05	34.6	1.63	27.3	111	236	289	161	125	47.1
Net income	38.3	83	20.5	80.9	175	712	858	484	376	133
EBITDA	158	222	219	217	430	1,053	1,259	757	634	342
EPS, basic	0.99	2.15	0.53	2.07	4.45	18.07	21.70	12.20	9.63	3.54
EPS, diluted	0.98	2.12	0.52	2.06	4.44	17.97	21.56	12.12	9.57	3.53
Shares, basic (weighted)	38.8	38.6	38.9	39	39.3	39.4	39.5	39.6	39.1	37.5
Shares, diluted (weighted)	38.9	39.1	39.4	39.2	39.4	39.6	39.8	39.9	39.3	37.6
Dividend per share	0.00	0.07	1.30	1.37	2.00	5.42	4.01	8.70	5.82	0.86

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	104	177	192	285	405	749	998	950	713	477
Receivables	199	246	214	216	376	444	297
Inventory	433	477	533	498	503	661	698	712	803	796
Other current assets	12.4	22.6	31.8	8.29	8.86	14.1	47.9	21.2	24.7	40.8
Total current assets	760	933	986	1,023	1,309	1,886	2,064	2,057	1,886	1,654
Property, plant and equipment	569	566	487	477	461	495	770	933	1,047	1,157
Lease right-of-use assets			0	64.2	62.4	62.7	55.6	62.9	49.7	56
Goodwill	55.4	55.4	59.2	60.4	60.4	60.4	138	170	172	185
Intangible assets	15.5	15.1	16.9	17.8	16.6	15.4	161	191	173	160
Other non-current assets	15.3	15.8	11.5	9.19	7.26	8.02	11.3	9.27	8.84	6.31
Total assets	1,439	1,607	1,581	1,693	1,966	2,573	3,241	3,459	3,369	3,242
Accounts payable	194	234	211	223	308	335	270
Accrued liabilities	67.8	84.2	87.9	83.9	118	129	142	150	127	103
Total current liabilities	313	382	370	385	524	641	546	594	564	493
Long-term debt	438	438	439	441	444	445	444	445	446	445
Lease liabilities			0	58	56	55.3	48.7	56.4	43.2	49.8
Other non-current liabilities	19.2	20.9	38.9	12.8	15.3	15.5	16.9	16.9	17	18.3
Total liabilities	859	933	909	992	1,115	1,220	1,183	1,263	1,218	1,167
Total debt	438	438	439	441	444	445	444	445	446	445
Paid-in capital	515	524	529	533	538	543	551	561	565	571
Retained earnings	281	361	330	357	452	949	1,646	1,780	1,928	1,504
Treasury stock	-134	-134	-139	-139	-139	-139	-139	-145	-342	0
Other comprehensive income	-83	-76.7	-47.7	-50.2	-1.08	-1.05	-0.52	-0.52	-0.46	-0.48
Shareholders' equity	580	675	673	701	851	1,353	2,058	2,196	2,151	2,075
Total equity	580	675	673	701	851	1,353	2,058	2,196	2,151	2,075
Total liabilities and equity	1,439	1,607	1,581	1,693	1,966	2,573	3,241	3,459	3,369	3,242
Shares outstanding	38.4	38.6	38.7	39	39.2	39.3	39.5	39.5	38.2	36.2

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	38.3	83	20.5	80.9	175	712	858	484	376	133
Depreciation and amortization	72.8	80.4	147	80.1	95.2	80.8	102	132	144	158
Stock-based compensation	8.18	9.73	8.83	7.97	7.82	7.91	11.9	15.4	15.5	12.1
Deferred income tax	-7.82	8.12	-7.97	9.03	27.5	-13.7	59.7	-0.18	-2.42	27.5
Change in receivables	-1.12	-41.8	37.6	2.16	-160	-71.2	158	-35	31.1	17.1
Change in inventory	-30.8	-43.2	-64.2	40.2	-6.25	-158	-13.9	22.3	-89.3	15.9
Change in payables	45.7	68.1	-14.5	5.21	132	124	-100	37.1	-35.6	-90.9
Cash from operations	152	152	164	246	295	667	1,041	687	438	254
Capital expenditures	-83.6	-75.5	-80	-82.7	-79.4	-107	-114	-215	-230	-241
Acquisitions	-216	0	-25.5	-15.7	0	0	-515	-163	-10.2	-33.4
Cash from investing	-299	-73.2	-89.3	-94.1	-78.7	-106	-625	-376	-238	-263
Debt issued	838	410	7.5	5.5	400	28	0	0	0	50
Debt repaid	-754	-410	-7.5	-5.5	-406	-28	0	0	0	-50
Stock issued	0	1.14	1.41
Share buybacks	-10.3	0	-4.93	0	0	0	0	-6.43	-195	-183
Dividends paid	0	-2.7	-50.6	-54	-79.2	-214	-160	-346	-229	-34.6
Cash from financing	66.4	-5.19	-59.8	-58	-95.7	-218	-166	-361	-437	-227
Net change in cash	-80.5	73.2	14.5	93.6	120	344	249	-48.8	-236	-236
Free cash flow	68.3	76.1	83.6	163	215	560	927	472	209	12.7
Interest paid	21	23.5	24.1	24.1	22.2	21.5	23.1	22.6	20.7	17.6
Income taxes paid	6.7	36.1	14.5	-1.4	75.1	260	260	133	131	36.6

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $77.14 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	16.5%	Gross profit / revenue.
Operating margin	2.5%	Operating income / revenue.
EBITDA margin	5.0%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	2.3%	Pre-tax income / revenue.
Net margin	1.6%	Net income / revenue.
FCF margin	1.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	4.3%	Cash from operations / revenue.
Effective tax rate	28.7%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	5.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.1%	Net income / average total assets.
Return on invested capital (ROIC)	5.3%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	0.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	2.7%	Capital expenditures / revenue.
D&A / revenue	2.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-4.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-8.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	3.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-20.8%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-18.0%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	2.3%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-62.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-45.9%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-11.4%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-46.1%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-35.3%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-4.5%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-64.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-46.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-5.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-63.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-45.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-4.5%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-42.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-37.5%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-2.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-93.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-76.1%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-43.2%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	-85.2%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	-40.1%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	-15.5%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-3.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	0.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	19.5%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-3.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	0.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	10.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-4.3%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-1.8%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.9%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.71x	Current assets / current liabilities.
Quick ratio	0.46x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.46x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.22x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	13.2%	Total debt / total assets.
Liabilities / assets	40.2%	Total liabilities / total assets.
Net debt	$143.6M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	0.44x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	6.54x	Operating income / interest expense.
Working capital	$1.14B	Current assets - current liabilities.
Goodwill and intangibles / assets	9.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.69B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.91x	Revenue / average total assets.
Fixed asset turnover	5.65x	Revenue / average property, plant and equipment.
Inventory turnover	5.81x	Cost of revenue / average inventory.
Days inventory	63 days	365 x average inventory / cost of revenue.
FCF conversion	97.7%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	62.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.00	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$183.32	Revenue / diluted weighted shares.
FCF per share	$2.93	Free cash flow / diluted weighted shares.
Operating cash flow per share	$7.83	Cash from operations / diluted weighted shares.
Book value per share	$57.50	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$48.01	Tangible book value / shares outstanding.
Cash per share	$8.65	(Cash + short-term investments) / shares outstanding.
Payout ratio	32.5%	Dividends paid / net income, when net income is positive.
Dividends / FCF	33.2%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	198.8%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$2.69B	Share price x shares outstanding.
Enterprise value	$2.84B	Market cap + total debt - cash - short-term investments.
P/E	25.5x	Market cap / net income. Only when net income is positive.
P/S	0.42x	Market cap / revenue.
P/B	1.33x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.59x	Market cap / tangible book value, when positive.
P/FCF	26.1x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	9.76x	Market cap / cash from operations, when positive.
EV/Sales	0.44x	Enterprise value / revenue.
EV/EBIT	17.7x	Enterprise value / operating income, when both are positive.
EV/EBITDA	8.71x	Enterprise value / EBITDA, when both are positive.
EV/FCF	27.4x	Enterprise value / free cash flow, when both are positive.
FCF yield	3.8%	Free cash flow / market cap.
Earnings yield	3.9%	Net income / market cap (the inverse of P/E).
Dividend yield	1.3%	Dividends paid over the period / market cap.
Shareholder yield	8.9%	(Dividends paid + share buybacks) / market cap.

What was BOISE CASCADE Co's revenue in fiscal 2025?

BOISE CASCADE Co reported revenue of $6.40B for fiscal 2025, 4.8% lower than the year before.

Was BOISE CASCADE Co profitable in fiscal 2025?

Yes. Net income was $132.8M, a net margin of 2.1%.

How much free cash flow did BOISE CASCADE Co generate in fiscal 2025?

Cash from operations of $254.1M minus capital expenditures of $241.4M left free cash flow of $12.7M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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