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UFPI (UFP Industries) Operating Income : $456 Mil (TTM As of Mar. 2025)


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What is UFP Industries Operating Income?

UFP Industries's Operating Income for the three months ended in Mar. 2025 was $92 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 was $456 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. UFP Industries's Operating Income for the three months ended in Mar. 2025 was $92 Mil. UFP Industries's Revenue for the three months ended in Mar. 2025 was $1,596 Mil. Therefore, UFP Industries's Operating Margin % for the quarter that ended in Mar. 2025 was 5.76%.

Good Sign:

UFP Industries Inc operating margin is expanding. Margin expansion is usually a good sign.

UFP Industries's 5-Year average Growth Rate for Operating Margin % was 7.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. UFP Industries's annualized ROC % for the quarter that ended in Mar. 2025 was 10.48%. UFP Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 21.16%.


UFP Industries Operating Income Historical Data

The historical data trend for UFP Industries's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

UFP Industries Operating Income Chart

UFP Industries Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 345.83 737.55 955.73 646.27 498.40

UFP Industries Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 134.02 159.59 115.07 89.72 91.94

UFP Industries Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $456 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


UFP Industries  (NAS:UFPI) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

UFP Industries's annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

ROC % (Q: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Mar. 2025 ))/ count )
=367.768 * ( 1 - 21.11% )/( (2661.008 + 2875.196)/ 2 )
=290.1321752/2768.102
=10.48 %

where

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4150.938 - 287.015 - ( 1202.915 - max(0, 512.448 - 2503.025+1202.915))
=2661.008

Invested Capital(Q: Mar. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4150.286 - 340.803 - ( 934.287 - max(0, 496.526 - 2464.391+934.287))
=2875.196

Note: The Operating Income data used here is four times the quarterly (Mar. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

UFP Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=413.4/( ( (1005.464 + max(799.069, 0)) + (1039.482 + max(1063.895, 0)) )/ 2 )
=413.4/( ( 1804.533 + 2103.377 )/ 2 )
=413.4/1953.955
=21.16 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(500.92 + 720.824 + 57.778) - (287.015 + 0 + 193.438)
=799.069

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(712.99 + 754.913 + 60.382) - (340.803 + 0 + 123.587)
=1063.895

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

UFP Industries's Operating Margin % for the quarter that ended in Mar. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2025 )/Revenue (Q: Mar. 2025 )
=91.942/1595.519
=5.76 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


UFP Industries Operating Income Related Terms

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UFP Industries Business Description

Traded in Other Exchanges
Address
2801 East Beltline Avenue NE, Grand Rapids, MI, USA, 49525
UFP Industries Inc is a supplier of lumber to the manufactured housing industry. Today UFP Industries is a multibillion-dollar holding company with subsidiaries around the globe that serve three markets: retail, packaging and construction. Its business segments consist of UFP Retail Solutions, UFP Packaging, UFP Construction, All other and Corporate.
Executives
Patrick M. Benton officer: XVP UFP Eastern Div - North 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
William G Currie director 2801 EAST BELTINE N E, GRAND RAPIDS MI 49505
Matthew J Missad director, officer: Chief Executive Officer 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
David A. Tutas officer: Vice President Legal & Secty 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Michael R Cole officer: Chief Financial Officer 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Bruce A Merino director 3800 WEST CHAPMAN AVE, ORANGE CA 92868
Mary E Tuuk director 625 KENMOOR AVE SE, SUITE 301, GRAND RAPIDS MI 49456
Patrick M Webster officer: Pres. and Chief Operating Off. 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
William Danny Schwartz officer: Exec. VP, Operations Services 2801 EAST BELTLINE AVE NE, GRAND RAPIDS MI 49525
Allen T Peters officer: President, UFP Western Div 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Benjamin J. Mclean director 2801 E BELTLINE AVE NE, GRAND RAPIDS MI 49525
Scott T Bravata officer: Vice President Administration 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Michael G. Wooldridge director 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Donald L James officer: XVP National Sales 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Scott A Worthington officer: President, UFP Industrial, LLC 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525