Bluelinx Holdings Inc. (BXC)
NYSE:BXC
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Bluelinx Holdings
(NYSE:BXC)
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Rating:45Neutral
Price Target:
$50.00
▼(-7.01% Downside)
Action:ReiteratedDate:03/20/26
The score is held down primarily by weak recent financial performance (near-breakeven profitability and less durable cash generation) and bearish technicals (price below major moving averages with negative momentum). Valuation is also a significant negative due to the extremely high P/E on depressed earnings. These are partially offset by a stronger earnings-call backdrop on liquidity and balance-sheet flexibility, plus specialty mix resilience, but near-term margin and pricing pressures remain meaningful.
Positive Factors
High-margin specialty product mix
A ~70% specialty mix that drives over 80% of gross profit is a durable structural advantage: specialty products command higher, steadier margins vs commodity lumber, diversify revenue away from cyclical structural sales, and provide resilience through housing cycles and pricing volatility.
Negative Factors
Very low adjusted EBITDA margin
A sub‑3% adjusted EBITDA margin materially limits the business's shock absorption and reinvestment capacity. Persistently low margins increase sensitivity to working capital swings and SG&A, constraining long‑term earnings durability and reducing the buffer against commodity price or volume shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
High-margin specialty product mix
A ~70% specialty mix that drives over 80% of gross profit is a durable structural advantage: specialty products command higher, steadier margins vs commodity lumber, diversify revenue away from cyclical structural sales, and provide resilience through housing cycles and pricing volatility.
Read all positive factors
Bluelinx Holdings (BXC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$423.00M
Dividend YieldN/A
Average Volume (3M)106.84K
Price to Earnings (P/E)2188.1
Beta (1Y)1.19
Revenue Growth-0.19%
EPS Growth-50.51%
CountryUS
Employees1,980
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)-0.47
Shares Outstanding7,866,824
10 Day Avg. Volume112,875
30 Day Avg. Volume106,836
Financial Highlights & Ratios
PEG Ratio-21.98
Price to Book (P/B)0.78
Price to Sales (P/S)0.16
P/FCF Ratio14.59
Enterprise Value/Market Cap1.68
Enterprise Value/Revenue0.24
Enterprise Value/Gross Profit1.61
Enterprise Value/Ebitda8.27
Forecast
1Y Price Target
$65.00Price Target Upside20.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.6
Revenue Forecast (FY)$3.07B
Bluelinx Holdings Business Overview & Revenue Model
Company Description
BlueLinx Holdings Inc., together with its subsidiaries, distributes residential and commercial building products in the United States. The company distributes specialty products comprising engineered wood, industrial products, cedar, moulding, sid...
How the Company Makes Money
BlueLinx primarily makes money by purchasing building products from manufacturers and other suppliers and reselling them to customers at a markup, generating revenue from the sale and delivery of those products. Its core revenue streams are tied t...
Bluelinx Holdings Key Performance Indicators (KPIs)
Any
Gross Profit by Segment
Absolute dollar contribution from each segment after subtracting the cost of goods sold, indicating which parts of the business actually generate earnings. Tracking segment gross profit highlights where growth is meaningful for the company’s overall results and how swings in commodity prices or volumes are impacting reported profitability.
Absolute dollar contribution from each segment after subtracting the cost of goods sold, indicating which parts of the business actually generate earnings. Tracking segment gross profit highlights where growth is meaningful for the company’s overall results and how swings in commodity prices or volumes are impacting reported profitability.
Data provided by:
The Fly
The FlyBluelinx Holdings Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 05, 2026
Earnings Call Sentiment Neutral
The call presented a balanced picture: management highlighted meaningful operational wins—multifamily volume growth (+19%), specialty mix gains (≈70% of sales and >80% of gross profit), strong liquidity (~$726M), successful Distero integration, and progress on digital/AI initiatives—while acknowledging material near-term headwinds including Q4 GAAP loss (-$8.6M), low adjusted EBITDA margin (2.8%), structural price deflation (lumber -12%, panels -20%), and SG&A increases weighing on profitability. Execution on channel/product strategy and a strong balance sheet support a constructive long-term view, but 2025 results show notable margin and pricing pressures in the current cycle.Positive Updates
Stable Full-Year Revenue with Volume Growth
Net sales of $3.0 billion for full year 2025, essentially flat year-over-year, driven by higher volumes and the Distero acquisition; EWP volumes grew >7% and multifamily volumes grew 19% in 2025.
Negative Updates
Quarterly and Non-GAAP Profitability Pressure
Q4 2025 net loss of $8.6 million (loss of $1.08 per share) and adjusted net loss of $3.7 million ($0.47 per share); full year adjusted EBITDA of $83 million representing a 2.8% adjusted EBITDA margin—relatively low profitability.
Read all updates
Q4-2025 Updates
Positive
Negative
Stable Full-Year Revenue with Volume Growth
Net sales of $3.0 billion for full year 2025, essentially flat year-over-year, driven by higher volumes and the Distero acquisition; EWP volumes grew >7% and multifamily volumes grew 19% in 2025.
Read all positive updates
Company Guidance
Guidance from the call centered on near‑term margin and operating expectations: for Q1 2026 BlueLinx expects specialty product gross margins of 17%–18% (based on the first seven weeks) and structural product gross margins of 9%–10%, with specialty daily volumes lower than Q4 2025 but higher than Q1 2025 (which was weather‑impacted) and structural daily volumes down vs. Q4 2025 but up vs. Q1 2025; SG&A is expected to increase slightly as a percentage of sales due to the Distero acquisition, added strategic sales headcount and material handlers, and inflationary costs; full‑year 2026 tax rate is anticipated to be ~25% of pretax earnings before $3–4 million of permanent nondeductible items; CapEx will be managed to market conditions with focus on facility improvements, truck/trailer replacements and technology; liquidity at year‑end was ~$726 million (cash $386M + $340M undrawn revolver), total debt (ex real property leases) $381M with net debt of negative $5M (net leverage −0.1x adjusted EBITDA), no material maturities until 2029, a long‑term net leverage target of ≤2.0x adjusted EBITDA, and ~$58.7M remaining on the share repurchase authorization after $38M repurchased in 2025.Bluelinx Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
55
Neutral
Cash Flow
48
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.95B | 2.95B | 3.14B | 4.45B | 4.28B |
| Gross Profit | 451.63M | 489.14M | 527.02M | 832.98M | 778.43M |
| EBITDA | 72.39M | 128.54M | 137.68M | 464.65M | 467.57M |
| Net Income | 219.00K | 53.12M | 48.54M | 296.18M | 296.13M |
Balance Sheet | |||||
| Total Assets | 1.55B | 1.58B | 1.54B | 1.49B | 1.32B |
| Cash, Cash Equivalents and Short-Term Investments | 385.84M | 505.62M | 521.74M | 298.94M | 85.20M |
| Total Debt | 673.98M | 636.20M | 617.97M | 612.94M | 615.66M |
| Total Liabilities | 931.96M | 931.28M | 903.32M | 900.01M | 954.21M |
| Stockholders Equity | 617.32M | 646.44M | 634.29M | 590.03M | 363.25M |
Cash Flow | |||||
| Free Cash Flow | 32.85M | 45.07M | 278.76M | 364.41M | 130.61M |
| Operating Cash Flow | 59.78M | 85.18M | 306.29M | 400.30M | 145.02M |
| Investing Cash Flow | -119.49M | -39.21M | -26.86M | -98.69M | -4.09M |
| Financing Cash Flow | -60.08M | -62.09M | -56.62M | -87.87M | -55.81M |
Bluelinx Holdings Technical Analysis
Negative
53.77
Price Trends
62.86
Negative
63.28
Negative
69.50
Negative
Market Momentum
-2.81
Negative
38.78
Neutral
40.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BXC, the sentiment is Negative. The current price of 53.77 is above the 20-day moving average (MA) of 51.30, below the 50-day MA of 62.86, and below the 200-day MA of 69.50, indicating a bearish trend. The MACD of -2.81 indicates Negative momentum. The RSI at 38.78 is Neutral, neither overbought nor oversold. The STOCH value of 40.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BXC.
Bluelinx Holdings Risk Analysis
Bluelinx Holdings disclosed 44 risk factors in its most recent earnings report. Bluelinx Holdings 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
Bluelinx Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $730.39M | 17.16 | 9.76% | ― | -10.84% | -53.49% | |
56 Neutral | $1.20B | 15.14 | 9.87% | ― | -9.21% | -97.43% | |
52 Neutral | $885.14M | -52.26 | -30.23% | 2.12% | 43.81% | -584.11% | |
45 Neutral | $423.00M | 2,188.09 | 2.20% | ― | -0.19% | -50.51% | |
45 Neutral | $9.19B | 90.31 | 10.11% | ― | -6.44% | -48.84% | |
41 Neutral | $86.11M | -0.34 | -155.46% | ― | -15.28% | -350.51% |
* Industrials Sector Average
BXC
Bluelinx Holdings
53.77
-20.51
-27.61%
BLDR
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-41.64
-33.38%
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Bluelinx Holdings Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
BlueLinx Updates Bylaws to Enhance Board Accountability
Positive
Feb 6, 2026
On February 3, 2026, BlueLinx Holdings Inc. amended its bylaws to change how directors are elected and to strengthen accountability mechanisms for board members. In uncontested elections, directors will now be chosen by a majority of votes cast, w...
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.