Boise Cascade (BCC)
NYSE:BCC
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Boise Cascade
(NYSE:BCC)
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Rating:63Neutral
Price Target:
$84.00
▲(1.16% Upside)
Action:ReiteratedDate:05/01/26
BCC scores moderately, led by a very strong, low-leverage balance sheet that supports durability in a down-cycle. Offsetting that, financial performance has weakened with significant margin compression and softer cash conversion, and the latest earnings call reiterated meaningful near-term headwinds despite continued capital returns. Technical signals and valuation are both neutral, providing limited additional support.
Positive Factors
Very low leverage / strong balance sheet
Extremely low leverage and sizable equity give Boise Cascade durable financial flexibility through housing cycles. This balance sheet strength supports continued capex, opportunistic M&A, share repurchases and dividends, and provides downside protection against cyclical revenue pressure.
Negative Factors
Sharp margin compression
Material, sustained margin decline erodes earnings power and reduces the company's ability to self-fund investments or absorb cost shocks. Lower gross and operating margins increase sensitivity to input-price swings and make earnings more dependent on volume recovery and operational fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low leverage and sizable equity give Boise Cascade durable financial flexibility through housing cycles. This balance sheet strength supports continued capex, opportunistic M&A, share repurchases and dividends, and provides downside protection against cyclical revenue pressure.
Read all positive factors
Boise Cascade (BCC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.84B
Dividend Yield1.17%
Average Volume (3M)418.36K
Price to Earnings (P/E)20.4
Beta (1Y)0.93
Revenue Growth-4.75%
EPS Growth-63.32%
CountryUS
Employees7,670
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.24
Shares Outstanding35,856,304
10 Day Avg. Volume331,278
30 Day Avg. Volume418,364
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)1.31
Price to Sales (P/S)0.42
P/FCF Ratio213.11
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue0.45
Enterprise Value/Gross Profit2.97
Enterprise Value/Ebitda7.95
Forecast
1Y Price Target
$93.00Price Target Upside11.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)3.8
Revenue Forecast (FY)$6.54B
Boise Cascade Business Overview & Revenue Model
Company Description
Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures lamina...
How the Company Makes Money
Boise Cascade makes money through the sale and distribution of building products, with revenue primarily generated in two segments. (1) Building Materials Distribution (BMD): This segment earns revenue by purchasing building materials from manufac...
Boise Cascade Earnings Call Summary
Earnings Call Date:Feb 23, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 04, 2026
Earnings Call Sentiment Neutral
The call presents a balanced picture: strong full-year profitability, sizable shareholder returns, strategic investments, and distribution expansion are offset by meaningful near-term operating challenges—material quarter-over-quarter and year-over-year EBITDA and net income declines, legal accruals, margin pressure, weather-related disruptions, and soft demand in key end markets. Management highlights stabilization in certain product prices and a constructive Q1 operational outlook for Wood Products, but the company faces noticeable short-term headwinds while positioning for longer-term upside.Positive Updates
Full-Year Profitability and Shareholder Returns
Delivering full year net income of $132.8 million or $3.53 per share for FY2025; returned capital to shareholders via a 5% increase in the quarterly dividend and approximately $181 million of share repurchases in 2025 (plus ~$39 million repurchased in Q1 2026), with ~$200 million repurchase authorization remaining.
Negative Updates
Significant Quarter-over-Quarter and Year-over-Year Profit Declines
Consolidated fourth-quarter sales were $1.5 billion, down 7% year-over-year. Q4 net income fell to $8.7 million ($0.24 per share) from $68.9 million ($1.78) in the prior-year quarter (approximately an 87% decline).
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Profitability and Shareholder Returns
Delivering full year net income of $132.8 million or $3.53 per share for FY2025; returned capital to shareholders via a 5% increase in the quarterly dividend and approximately $181 million of share repurchases in 2025 (plus ~$39 million repurchased in Q1 2026), with ~$200 million repurchase authorization remaining.
Read all positive updates
Company Guidance
Management guided first-quarter 2026 results with BMD EBITDA of $45–55 million and Wood Products EBITDA of $25–35 million, BMD gross margin expected at 14.25%–15% and a current daily sales pace roughly 6% below the Q4 pace of $22 million/day (impacted by Winter Storm Fern which closed ~20 branches at least one day and caused ~30 lost sales days plus Southeast plant downtime); sequentially EWP volumes are expected to rise high‑single to low‑double digits with EWP pricing flat to down low‑single digits, plywood volumes up high‑single digits and plywood realizations ~+1% quarter‑to‑date; Q1 effective tax rate 26%–27%; 2026 capex is forecast at $150–170 million (≈1/3 of BMD spend for growth); YTD repurchases ~$39 million with ~$200 million remaining authorization and a $0.22/share quarterly dividend declared.Boise Cascade Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
86
Very Positive
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.40B | 6.72B | 6.84B | 8.39B | 7.93B |
| Gross Profit | 895.67M | 1.33B | 1.43B | 1.91B | 1.63B |
| EBITDA | 347.97M | 673.23M | 805.96M | 1.28B | 1.06B |
| Net Income | 132.84M | 376.35M | 483.66M | 857.66M | 712.49M |
Balance Sheet | |||||
| Total Assets | 3.24B | 3.37B | 3.46B | 3.24B | 2.57B |
| Cash, Cash Equivalents and Short-Term Investments | 477.21M | 713.26M | 949.57M | 998.34M | 748.91M |
| Total Debt | 522.21M | 516.22M | 529.79M | 523.08M | 531.79M |
| Total Liabilities | 1.17B | 1.22B | 1.26B | 1.18B | 1.22B |
| Stockholders Equity | 2.07B | 2.15B | 2.20B | 2.06B | 1.35B |
Cash Flow | |||||
| Free Cash Flow | 12.72M | 208.75M | 472.02M | 927.10M | 560.47M |
| Operating Cash Flow | 254.15M | 438.32M | 687.46M | 1.04B | 666.98M |
| Investing Cash Flow | -263.26M | -237.82M | -375.55M | -625.46M | -105.59M |
| Financing Cash Flow | -226.93M | -436.81M | -360.68M | -166.33M | -217.87M |
Boise Cascade Technical Analysis
Positive
83.04
Price Trends
78.79
Positive
78.32
Positive
79.07
Positive
Market Momentum
1.31
Negative
63.71
Neutral
71.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BCC, the sentiment is Positive. The current price of 83.04 is above the 20-day moving average (MA) of 76.43, above the 50-day MA of 78.79, and above the 200-day MA of 79.07, indicating a bullish trend. The MACD of 1.31 indicates Negative momentum. The RSI at 63.71 is Neutral, neither overbought nor oversold. The STOCH value of 71.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BCC.
Boise Cascade Risk Analysis
Boise Cascade disclosed 29 risk factors in its most recent earnings report. Boise Cascade reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Boise Cascade Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $39.15B | 54.27 | 13.10% | 0.67% | 7.41% | 19.13% | |
70 Outperform | $37.30B | 5.87 | 11.90% | 0.51% | -1.28% | 140.98% | |
69 Neutral | $1.93B | 14.72 | 22.02% | 1.12% | 10.50% | -0.59% | |
66 Neutral | $954.70M | 9.20 | 11.98% | 5.46% | 16.65% | -3.36% | |
63 Neutral | $2.84B | 20.40 | 6.25% | 1.17% | -4.75% | -63.32% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | $1.39B | 79.74 | 2.03% | ― | -5.63% | -86.58% |
* Basic Materials Sector Average
BCC
Boise Cascade
78.13
-17.01
-17.88%
CPAC
Cementos Pacasmayo SAA
10.65
5.70
115.15%
MLM
Martin Marietta Materials
614.49
81.55
15.30%
VMC
Vulcan Materials
297.32
32.15
12.12%
TGLS
Tecnoglass
42.57
-31.04
-42.17%
LOMA
Loma Negra Compania Industrial Argentina Sociedad Anonima
10.61
-0.51
-4.59%
Boise Cascade Corporate Events
Dividends
Boise Cascade Board Declares Regular Quarterly Cash Dividend
Positive
May 1, 2026
On April 30, 2026, Boise Cascade announced that its board of directors declared a quarterly dividend of $0.22 per share for holders of its common stock. The dividend is scheduled to be paid on June 17, 2026, to stockholders of record as of June 1,...
Dividends
Boise Cascade Board Declares Quarterly Cash Dividend
Positive
Feb 6, 2026
On February 6, 2026, Boise Cascade announced that its board of directors declared a quarterly cash dividend of $0.22 per share for common stockholders, payable on March 18, 2026, to shareholders of record as of February 23, 2026. The announcement ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.