BCC

MKT CAP:$3B

Boise Cascade Company

Market Cap

$3B

Basic Materials·Construction Materials·🇺🇸 United States·NYSE

Materials·Construction·🇺🇸·NYSE

Stock Price

$84.15+$10.03 (+13.53%)

Apr 24, 2026

Company Details

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...

CEO

Jeffrey Robert Strom

IPO Date

Feb 6, 2013

Website

www.bc.com

Key Metrics TTM

Revenue

$6.4B

-4.8% YoY

Net Income

$133M

EPS (Diluted)

$3.52

Free Cash Flow

$93M

Revenue / Share

$173.23

Gross Margin

15.1%

Operating Margin

2.9%

Net Margin

2.1%

FCF Margin

1.4%

P/S

0.5x

P/E

22.7x

Earnings Reports

Q1 2026

May 4, 2026

PENDING

FY 2025

Feb 24, 2026

$6.4B-4.8%EPS $3.52

Q4 2025

Feb 24, 2026

$1.5B-6.8%EPS $0.24

Q3 2025

Nov 3, 2025

$1.7B-2.7%EPS $0.58

Q2 2025

Aug 4, 2025

$1.7B-3.2%EPS $1.64

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$2.3B	$596M	$406M
Q2 22	$2.3B	$480M	$297M
Q3 22	$2.2B	$499M	$299M
Q4 22	$1.6B	$340M	$156M
Q1 23	$1.5B	$314M	$128M
Q2 23	$1.8B	$389M	$190M
Q3 23	$1.8B	$392M	$186M
Q4 23	$1.6B	$334M	$121M
Q1 24	$1.6B	$338M	$133M
Q2 24	$1.8B	$357M	$147M
Q3 24	$1.7B	$338M	$117M
Q4 24	$1.6B	$298M	$93M
Q1 25	$1.5B	$260M	$55M
Q2 25	$1.7B	$299M	$81M
Q3 25	$1.7B	$221M	$30M
Q4 25	$1.5B	$190M	$22M

Valuation

Quarter	P/S	P/E
Q1 22	0.4x	3.5x
Q2 22	0.4x	3.9x
Q3 22	0.4x	3.3x
Q4 22	0.4x	3.5x
Q1 23	0.4x	4.6x
Q2 23	0.4x	5.2x
Q3 23	0.4x	6.0x
Q4 23	0.4x	6.2x
Q1 24	0.4x	6.1x
Q2 24	0.4x	6.6x
Q3 24	0.4x	7.5x
Q4 24	0.4x	8.0x
Q1 25	0.5x	9.7x
Q2 25	0.5x	11.5x
Q3 25	0.5x	15.6x
Q4 25	0.5x	22.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$199M	$181M
Q2 22	$237M	$214M
Q3 22	$378M	$357M
Q4 22	$227M	$175M
Q1 23	$48M	$18M
Q2 23	$242M	$204M
Q3 23	$231M	$200M
Q4 23	$166M	$50M
Q1 24	$27M	-$7M
Q2 24	$142M	$102M
Q3 24	$175M	$113M
Q4 24	$95M	$759.0K
Q1 25	-$28M	-$82M
Q2 25	$33M	$33M
Q3 25	$118M	$63M
Q4 25	$131M	$78M

Capital Expenditures

Quarter	CapEx
Q1 22	$17M
Q2 22	$23M
Q3 22	$21M
Q4 22	$52M
Q1 23	$30M
Q2 23	$38M
Q3 23	$31M
Q4 23	$116M
Q1 24	$34M
Q2 24	$40M
Q3 24	$62M
Q4 24	$94M
Q1 25	$53M
Q2 25	$0
Q3 25	$55M
Q4 25	$53M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+27.7%	+18.8%
Q2 22	-6.8%	-2.6%
Q3 22	+14.6%	+6.0%
Q4 22	-8.6%	-5.3%
Q1 23	-33.6%	-26.2%
Q2 23	-20.3%	-18.0%
Q3 23	-14.9%	-11.1%
Q4 23	+1.0%	+3.4%
Q1 24	+6.5%	+6.8%
Q2 24	-1.0%	+1.6%
Q3 24	-6.6%	-3.2%
Q4 24	-4.7%	-3.2%
Q1 25	-6.6%	-2.0%
Q2 25	-3.2%	+0.5%
Q3 25	-2.7%	+2.6%
Q4 25	-6.8%	-2.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	0.1%
Q2 22	$3M	0.1%
Q3 22	$3M	0.2%
Q4 22	$3M	0.2%
Q1 23	$3M	0.2%
Q2 23	$4M	0.2%
Q3 23	$4M	0.2%
Q4 23	$4M	0.2%
Q1 24	$4M	0.2%
Q2 24	$4M	0.2%
Q3 24	$4M	0.2%
Q4 24	$4M	0.2%
Q1 25	$4M	0.2%
Q2 25	$3M	0.2%
Q3 25	$0	0.0%
Q4 25	$2M	0.1%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$26M	$147M
Q2 22	$28M	$134M
Q3 22	$28M	$142M
Q4 22	$22M	$130M
Q1 23	$27M	$129M
Q2 23	$30M	$139M
Q3 23	$28M	$148M
Q4 23	$30M	$144M
Q1 24	$25M	$144M
Q2 24	$26M	$150M
Q3 24	$26M	$158M
Q4 24	$25M	$144M
Q1 25	$25M	$144M
Q2 25	$27M	$162M
Q3 25	$26M	$165M
Q4 25	$22M	$146M

Revenue Segments

Quarter	Building Materials Distribution	Wood Products
Q1 22	$2.1B	$215M
Q2 22	$2.1B	$147M
Q3 22	$2.0B	$198M
Q4 22	$1.4B	$185M
Q1 23	$1.4B	$165M
Q2 23	$1.6B	$179M
Q1 25	$1.4B	$129M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$923M	$0	$923M
Q2 22	$1.0B	$0	$1.0B
Q3 22	$867M	$0	$867M
Q4 22	$998M	$0	$998M
Q1 23	$1.0B	$0	$1.0B
Q2 23	$1.1B	$0	$1.1B
Q3 23	$1.3B	$0	$1.3B
Q4 23	$950M	$0	$950M
Q1 24	$890M	$0	$890M
Q2 24	$922M	$0	$922M
Q3 24	$762M	$0	$762M
Q4 24	$713M	$0	$713M
Q1 25	$562M	$0	$562M
Q2 25	$481M	$0	$481M
Q3 25	$512M	$0	$512M
Q4 25	$477M	$0	$477M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	40M	+0.1%	+0.3%
Q2 22	40M	-0.0%	+0.2%
Q3 22	40M	+0.0%	+0.3%
Q4 22	40M	+0.1%	+0.2%
Q1 23	40M	+0.0%	+0.2%
Q2 23	40M	-0.0%	+0.2%
Q3 23	40M	+0.4%	+0.5%
Q4 23	40M	+0.1%	+0.5%
Q1 24	40M	-0.2%	+0.3%
Q2 24	40M	-0.9%	-0.6%
Q3 24	39M	-1.4%	-2.3%
Q4 24	39M	-0.8%	-3.2%
Q1 25	38M	-1.3%	-4.4%
Q2 25	38M	-1.1%	-4.6%
Q3 25	38M	-0.8%	-4.0%
Q4 25	37M	-1.4%	-4.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$380.7K	6K
Q2 22	$372.8K	6K
Q3 22	$352.6K	6K
Q4 22	$240.2K	7K
Q1 23	$227.8K	7K
Q2 23	$267.7K	7K
Q3 23	$270.6K	7K
Q4 23	$225.2K	7K
Q1 24	$225.4K	7K
Q2 24	$246.3K	7K
Q3 24	$234.8K	7K
Q4 24	$207.3K	8K
Q1 25	$203.2K	8K
Q2 25	$230.2K	8K
Q3 25	$220.6K	8K
Q4 25	$190.6K	8K

Revenue / Employee