UFP INDUSTRIES, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.32B | $6.65B | $7.22B | $9.63B | $8.64B | $5.15B | $4.42B | $4.49B |
| Cost of Revenue | $5.26B | $5.43B | $5.80B | $7.84B | $7.23B | $4.35B | $3.73B | $3.90B |
| Gross Profit | $1.06B | $1.23B | $1.42B | $1.79B | $1.41B | $800.3M | $685.5M | $592.9M |
| Gross Margin | 16.8% | 18.4% | 19.7% | 18.6% | 16.3% | 15.5% | 15.5% | 13.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $691.0M | $735.0M | $766.6M | $832.1M | $682.3M | $444.6M | $439.0M | $392.2M |
| Operating Income | $363.9M | $492.2M | $646.5M | $950.2M | $737.6M | $345.8M | $244.9M | $207.3M |
| Operating Margin | 5.8% | 7.4% | 9.0% | 9.9% | 8.5% | 6.7% | 5.5% | 4.6% |
| Interest Expense | — | — | $12.8M | $13.9M | $13.8M | $9.3M | $8.7M | $8.9M |
| Pretax Income | $392.2M | $540.2M | $671.2M | $934.8M | $726.3M | $341.0M | $240.7M | $197.9M |
| Income Tax Expense | $96.2M | $121.4M | $156.8M | $229.9M | $174.0M | $87.1M | $58.3M | $45.4M |
| Net Income | $294.8M | $414.6M | $514.3M | $692.7M | $535.6M | $246.8M | $179.7M | $148.6M |
| Net Margin | 4.7% | 6.2% | 7.1% | 7.2% | 6.2% | 4.8% | 4.1% | 3.3% |
| EPS (Basic) | $5.00 | $6.78 | $8.21 | $11.05 | $8.61 | $4.00 | $2.91 | $2.41 |
| EPS (Diluted) | $5.00 | $6.77 | $8.07 | $10.97 | $8.59 | $4.00 | $2.91 | $2.40 |
| Shares Outstanding (Basic) | 56.7M | 58.8M | 59.6M | 60.2M | 60.2M | 59.9M | 60.1M | 60.4M |
| Shares Outstanding (Diluted) | 56.8M | 58.9M | 60.6M | 60.7M | 60.4M | 59.9M | 60.1M | 60.4M |
| Dividends Per Share | $1.40 | $1.32 | $1.10 | $0.95 | $0.65 | $0.50 | $0.40 | $0.18 |