# Lumber & Wood Production — company-by-company sector analysis

> Lumber & Wood Production: Boise Cascade Company owns the largest revenue base; Simpson Manufacturing Co., Inc. has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-28. Not investment advice.

## Bottom line

Lumber & Wood Production has underperformed S&P 500 by 15.7% over 52 weeks and 2.7% over 13 weeks. 1 of 4 covered companies beat the S&P 500 on Mansfield relative strength, while 2 of 4 beat the sector itself. Boise Cascade Company leads with revenue of $6,367 million, based on 3 of 5 comparable companies through Mar 2026.

### Is the Lumber & Wood Production sector outperforming S&P 500?

Lumber & Wood Production has underperformed S&P 500 by 15.7% over 52 weeks and 2.7% over 13 weeks. 1 of 4 covered companies beat the S&P 500 on Mansfield relative strength, while 2 of 4 beat the sector itself.

### Which Lumber & Wood Production company is largest by revenue?

Boise Cascade Company leads with revenue of $6,367 million, based on 3 of 5 comparable companies through Mar 2026.

### Which Lumber & Wood Production company is growing fastest?

Simpson Manufacturing Co., Inc. has the fastest current revenue growth at 6.3%, across 3 of 5 comparable companies.

### Which Lumber & Wood Production company has the strongest 4-Factor Sector Score?

Simpson Manufacturing Co., Inc. ranks first at 57.5/100 with 79% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Lumber & Wood Production company reports the most CAPEX?

West Fraser Timber Co. Ltd. reports the largest latest CAPEX at $94 million, with 4 of 5 companies comparable.

### Which Lumber & Wood Production company has the least gross debt?

UFP Industries, Inc. has the lowest comparable gross debt at $363 million. West Fraser Timber Co. Ltd. has the highest at $503 million.

### Which Lumber & Wood Production company has the lowest comparable PEG?

Simpson Manufacturing Co., Inc. has the lowest comparable Guarded PEG at 1.82, among 1 of 5 companies that pass the metric’s comparability rules.

### How much history does this Lumber & Wood Production comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

Lumber & Wood Production has underperformed S&P 500 by 15.7% over the last 52 weeks. Over 13 weeks the gap is a lead of 2.7%. 1 of 4 covered companies currently beats the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Simpson Manufacturing Co., Inc. is the strongest against the sector itself at +4.9%.

13-week sector return versus NIFTY 500: 2.7%
52-week sector return versus NIFTY 500: -16%
Stocks leading NIFTY: 1/4
Stocks leading sector: 2/4

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 5
Combined market value: ₹21.5K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Simpson Manufacturing Co., Inc. (SSD): 58/100 — Mixed-positive evidence; evidence 79%
   - Growth & earnings 18.6/35 | Capital efficiency 17.4/25 | Valuation 9.4/20 | Relative strength 12.1/20
   - Exact sum: 18.6 + 17.4 + 9.4 + 12.1 = 57.5
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. Boise Cascade Company (BCC): 40/100 — Mixed-negative evidence; evidence 69%
   - Growth & earnings 9.1/35 | Capital efficiency 11.8/25 | Valuation 10.0/20 | Relative strength 8.9/20
   - Exact sum: 9.1 + 11.8 + 10 + 8.9 = 39.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. UFP Industries, Inc. (UFPI): 39/100 — Mixed-negative evidence; evidence 69%
   - Growth & earnings 10.6/35 | Capital efficiency 13.5/25 | Valuation 10.0/20 | Relative strength 5.1/20
   - Exact sum: 10.6 + 13.5 + 10 + 5.1 = 39.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4. West Fraser Timber Co. Ltd. (WFG): 37/100 — Thin evidence · provisional; evidence 56%
   - Growth & earnings 11.0/35 | Capital efficiency 8.0/25 | Valuation 10.0/20 | Relative strength 7.6/20
   - Exact sum: 11 + 8 + 10 + 7.6 = 36.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5. FF Global Holdings Ltd (FFGG): 54/100 — Thin evidence · provisional; evidence 9%
   - Growth & earnings 17.5/35 | Capital efficiency 16.8/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Exact sum: 17.5 + 16.8 + 10 + 10 = 54.3
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Revenue Scale & Growth Durability

What the numbers say: Boise Cascade Company is the scale leader at $6,367 million, 2.9% ahead of UFP Industries, Inc.. Simpson Manufacturing Co., Inc.'s growth is 6.3% from a $2,382 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Boise Cascade Company is the scale benchmark; Simpson Manufacturing Co., Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Boise Cascade Company's growth falls below Simpson Manufacturing Co., Inc.'s for two consecutive comparable reports while operating margin also compresses.

Evidence: Boise Cascade Company · $6,367 million | 2.9% versus #2 · UFP Industries, Inc. | 0/8 recent comparable periods | 3/5 companies · 75 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Boise Cascade Company (BCC): ₹6.4K Cr
2. UFP Industries, Inc. (UFPI): ₹6.2K Cr
3. Simpson Manufacturing Co., Inc. (SSD): ₹2.4K Cr

### Revenue growth — fastest growers
1. Simpson Manufacturing Co., Inc. (SSD): 6.3%
2. Boise Cascade Company (BCC): -3.8%
3. UFP Industries, Inc. (UFPI): -6.4%

### 20-quarter Revenue history
- SSD: Sep 2021 ₹397 Cr | Dec 2021 ₹419 Cr | Mar 2022 ₹494 Cr | Jun 2022 ₹593 Cr | Sep 2022 ₹554 Cr | Dec 2022 ₹476 Cr | Mar 2023 ₹534 Cr | Jun 2023 ₹598 Cr | Sep 2023 ₹580 Cr | Dec 2023 ₹502 Cr | Mar 2024 ₹531 Cr | Jun 2024 ₹597 Cr | Sep 2024 ₹587 Cr | Dec 2024 ₹517 Cr | Mar 2025 ₹539 Cr | Jun 2025 ₹631 Cr | Sep 2025 ₹624 Cr | Dec 2025 ₹539 Cr | Mar 2026 ₹588 Cr | Jun 2026 —
- WFG: Sep 2021 ₹2.4K Cr | Dec 2021 ₹2.0K Cr | Mar 2022 ₹3.1K Cr | Jun 2022 ₹2.9K Cr | Sep 2022 ₹2.1K Cr | Dec 2022 ₹1.6K Cr | Mar 2023 ₹1.6K Cr | Jun 2023 ₹1.6K Cr | Sep 2023 ₹1.7K Cr | Dec 2023 ₹1.5K Cr | Mar 2024 ₹1.6K Cr | Jun 2024 ₹1.7K Cr | Sep 2024 ₹1.4K Cr | Dec 2024 ₹1.4K Cr | Mar 2025 ₹1.5K Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.3K Cr | Dec 2025 ₹1.2K Cr | Mar 2026 — | Jun 2026 ₹1.3K Cr
- UFPI: Sep 2021 ₹2.1K Cr | Dec 2021 ₹2.0K Cr | Mar 2022 ₹2.5K Cr | Jun 2022 ₹2.9K Cr | Sep 2022 ₹2.3K Cr | Dec 2022 ₹1.9K Cr | Mar 2023 — | Jun 2023 ₹1.8K Cr | Sep 2023 ₹2.0K Cr | Dec 2023 ₹1.5K Cr | Mar 2024 ₹1.6K Cr | Jun 2024 ₹1.9K Cr | Sep 2024 ₹1.6K Cr | Dec 2024 ₹1.5K Cr | Mar 2025 ₹1.6K Cr | Jun 2025 ₹1.8K Cr | Sep 2025 ₹1.6K Cr | Dec 2025 ₹1.3K Cr | Mar 2026 ₹1.5K Cr | Jun 2026 —
- BCC: Sep 2021 ₹1.9K Cr | Dec 2021 ₹1.8K Cr | Mar 2022 ₹2.3K Cr | Jun 2022 ₹2.3K Cr | Sep 2022 ₹2.2K Cr | Dec 2022 ₹1.6K Cr | Mar 2023 ₹1.5K Cr | Jun 2023 ₹1.8K Cr | Sep 2023 ₹1.8K Cr | Dec 2023 ₹1.6K Cr | Mar 2024 ₹1.6K Cr | Jun 2024 ₹1.8K Cr | Sep 2024 ₹1.7K Cr | Dec 2024 ₹1.6K Cr | Mar 2025 ₹1.5K Cr | Jun 2025 ₹1.7K Cr | Sep 2025 ₹1.7K Cr | Dec 2025 ₹1.5K Cr | Mar 2026 ₹1.5K Cr | Jun 2026 —

### 20-quarter Revenue growth history
- SSD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 45% | Sep 2022 40% | Dec 2022 14% | Mar 2023 8.1% | Jun 2023 0.8% | Sep 2023 4.7% | Dec 2023 5.5% | Mar 2024 -0.6% | Jun 2024 -0.2% | Sep 2024 1.2% | Dec 2024 3.0% | Mar 2025 1.5% | Jun 2025 5.7% | Sep 2025 6.3% | Dec 2025 4.3% | Mar 2026 9.1% | Jun 2026 —
- WFG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -24% | Sep 2022 -11% | Dec 2022 -21% | Mar 2023 -48% | Jun 2023 -44% | Sep 2023 -18% | Dec 2023 -6.3% | Mar 2024 0.0% | Jun 2024 6.0% | Sep 2024 -16% | Dec 2024 -7.2% | Mar 2025 -10% | Jun 2025 -10% | Sep 2025 -9.1% | Dec 2025 -17% | Mar 2026 — | Jun 2026 -13%
- UFPI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.4% | Sep 2022 11% | Dec 2022 -5.1% | Mar 2023 — | Jun 2023 -37% | Sep 2023 -12% | Dec 2023 -20% | Mar 2024 — | Jun 2024 4.4% | Sep 2024 -19% | Dec 2024 -4.1% | Mar 2025 -2.6% | Jun 2025 -3.5% | Sep 2025 -5.4% | Dec 2025 -9.0% | Mar 2026 -8.5% | Jun 2026 —
- BCC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -6.8% | Sep 2022 15% | Dec 2022 -8.6% | Mar 2023 -34% | Jun 2023 -20% | Sep 2023 -15% | Dec 2023 1.0% | Mar 2024 6.5% | Jun 2024 -0.9% | Sep 2024 -6.5% | Dec 2024 -4.7% | Mar 2025 -6.6% | Jun 2025 -3.2% | Sep 2025 -2.7% | Dec 2025 -6.8% | Mar 2026 -2.4% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: Simpson Manufacturing Co., Inc. leads both opm at 19.5% and margin change at +0.5 percentage points.

Investor read: Simpson Manufacturing Co., Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Simpson Manufacturing Co., Inc. · 19.5% | 343.2% versus #2 · UFP Industries, Inc. | 5/8 recent comparable periods | 4/5 companies · 75 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Simpson Manufacturing Co., Inc. (SSD): 20%
2. UFP Industries, Inc. (UFPI): 4.4%
3. Boise Cascade Company (BCC): 1.9%
4. West Fraser Timber Co. Ltd. (WFG): -16%

### Margin change — fastest expanders
1. Simpson Manufacturing Co., Inc. (SSD): +0.5 pp
2. UFP Industries, Inc. (UFPI): −1.4 pp
3. Boise Cascade Company (BCC): −1.6 pp
4. West Fraser Timber Co. Ltd. (WFG): −12.8 pp

### 20-quarter OPM history
- SSD: Sep 2021 25% | Dec 2021 23% | Mar 2022 25% | Jun 2022 22% | Sep 2022 22% | Dec 2022 17% | Mar 2023 22% | Jun 2023 24% | Sep 2023 24% | Dec 2023 14% | Mar 2024 18% | Jun 2024 22% | Sep 2024 21% | Dec 2024 15% | Mar 2025 19% | Jun 2025 22% | Sep 2025 23% | Dec 2025 14% | Mar 2026 20% | Jun 2026 —
- WFG: Sep 2021 27% | Dec 2021 22% | Mar 2022 46% | Jun 2022 34% | Sep 2022 14% | Dec 2022 -8.0% | Mar 2023 -5.2% | Jun 2023 -12% | Sep 2023 11% | Dec 2023 -12% | Mar 2024 3.0% | Jun 2024 7.8% | Sep 2024 -7.4% | Dec 2024 -4.7% | Mar 2025 4.4% | Jun 2025 -2.9% | Sep 2025 -21% | Dec 2025 -80% | Mar 2026 — | Jun 2026 -16%
- UFPI: Sep 2021 8.0% | Dec 2021 9.7% | Mar 2022 10% | Jun 2022 9.8% | Sep 2022 10% | Dec 2022 8.8% | Mar 2023 — | Jun 2023 8.9% | Sep 2023 9.5% | Dec 2023 8.1% | Mar 2024 8.2% | Jun 2024 8.4% | Sep 2024 7.3% | Dec 2024 5.4% | Mar 2025 5.8% | Jun 2025 6.7% | Sep 2025 5.7% | Dec 2025 4.4% | Mar 2026 4.4% | Jun 2026 —
- BCC: Sep 2021 6.9% | Dec 2021 13% | Mar 2022 17% | Jun 2022 13% | Sep 2022 14% | Dec 2022 9.6% | Mar 2023 8.3% | Jun 2023 11% | Sep 2023 10% | Dec 2023 7.4% | Mar 2024 8.1% | Jun 2024 8.2% | Sep 2024 6.8% | Dec 2024 5.9% | Mar 2025 3.5% | Jun 2025 4.6% | Sep 2025 1.9% | Dec 2025 1.1% | Mar 2026 1.9% | Jun 2026 —

### 20-quarter Margin change history
- SSD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −2.4 pp | Sep 2022 −3.2 pp | Dec 2022 −6.6 pp | Mar 2023 −3.1 pp | Jun 2023 +1.9 pp | Sep 2023 +2.0 pp | Dec 2023 −2.3 pp | Mar 2024 −4.0 pp | Jun 2024 −2.2 pp | Sep 2024 −2.9 pp | Dec 2024 +0.6 pp | Mar 2025 +0.9 pp | Jun 2025 +0.1 pp | Sep 2025 +1.3 pp | Dec 2025 −1.0 pp | Mar 2026 +0.5 pp | Jun 2026 —
- WFG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −18.6 pp | Sep 2022 −13.2 pp | Dec 2022 −30.1 pp | Mar 2023 −51.1 pp | Jun 2023 −46.1 pp | Sep 2023 −2.6 pp | Dec 2023 −4.4 pp | Mar 2024 +8.2 pp | Jun 2024 +19.9 pp | Sep 2024 −18.3 pp | Dec 2024 +7.7 pp | Mar 2025 +1.4 pp | Jun 2025 −10.7 pp | Sep 2025 −13.6 pp | Dec 2025 −75.1 pp | Mar 2026 — | Jun 2026 −12.8 pp
- UFPI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +1.0 pp | Sep 2022 +2.2 pp | Dec 2022 −0.9 pp | Mar 2023 — | Jun 2023 −0.9 pp | Sep 2023 −0.7 pp | Dec 2023 −0.7 pp | Mar 2024 — | Jun 2024 −0.5 pp | Sep 2024 −2.2 pp | Dec 2024 −2.7 pp | Mar 2025 −2.4 pp | Jun 2025 −1.7 pp | Sep 2025 −1.6 pp | Dec 2025 −1.0 pp | Mar 2026 −1.4 pp | Jun 2026 —
- BCC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −3.8 pp | Sep 2022 +7.0 pp | Dec 2022 −3.2 pp | Mar 2023 −9.1 pp | Jun 2023 −2.5 pp | Sep 2023 −3.8 pp | Dec 2023 −2.2 pp | Mar 2024 −0.2 pp | Jun 2024 −2.3 pp | Sep 2024 −3.3 pp | Dec 2024 −1.5 pp | Mar 2025 −4.6 pp | Jun 2025 −3.6 pp | Sep 2025 −4.9 pp | Dec 2025 −4.8 pp | Mar 2026 −1.6 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: Simpson Manufacturing Co., Inc. leads with $355 million of TTM profit, 32.5% above UFP Industries, Inc.. Simpson Manufacturing Co., Inc. shows 9.2% growth from a $355 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Simpson Manufacturing Co., Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Simpson Manufacturing Co., Inc. · $355 million | 32.5% versus #2 · UFP Industries, Inc. | 5/8 recent comparable periods | 3/5 companies · 75 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Simpson Manufacturing Co., Inc. (SSD): ₹355 Cr
2. UFP Industries, Inc. (UFPI): ₹268 Cr
3. Boise Cascade Company (BCC): ₹111 Cr

### Profit growth — fastest growers
1. Simpson Manufacturing Co., Inc. (SSD): 9.2%
2. UFP Industries, Inc. (UFPI): -29%
3. Boise Cascade Company (BCC): -64%

### 20-quarter Net profit history
- SSD: Sep 2021 ₹74 Cr | Dec 2021 ₹70 Cr | Mar 2022 ₹95 Cr | Jun 2022 ₹94 Cr | Sep 2022 ₹88 Cr | Dec 2022 ₹58 Cr | Mar 2023 ₹88 Cr | Jun 2023 ₹107 Cr | Sep 2023 ₹104 Cr | Dec 2023 ₹55 Cr | Mar 2024 ₹75 Cr | Jun 2024 ₹98 Cr | Sep 2024 ₹94 Cr | Dec 2024 ₹55 Cr | Mar 2025 ₹78 Cr | Jun 2025 ₹104 Cr | Sep 2025 ₹107 Cr | Dec 2025 ₹56 Cr | Mar 2026 ₹88 Cr | Jun 2026 —
- WFG: Sep 2021 ₹460 Cr | Dec 2021 ₹334 Cr | Mar 2022 ₹1.1K Cr | Jun 2022 ₹762 Cr | Sep 2022 ₹216 Cr | Dec 2022 ₹-93 Cr | Mar 2023 ₹-42 Cr | Jun 2023 ₹-131 Cr | Sep 2023 ₹159 Cr | Dec 2023 ₹-153 Cr | Mar 2024 ₹35 Cr | Jun 2024 ₹105 Cr | Sep 2024 ₹-83 Cr | Dec 2024 ₹-61 Cr | Mar 2025 ₹42 Cr | Jun 2025 ₹-24 Cr | Sep 2025 ₹-203 Cr | Dec 2025 ₹-752 Cr | Mar 2026 — | Jun 2026 ₹-189 Cr
- UFPI: Sep 2021 ₹126 Cr | Dec 2021 ₹147 Cr | Mar 2022 ₹193 Cr | Jun 2022 ₹208 Cr | Sep 2022 ₹172 Cr | Dec 2022 ₹132 Cr | Mar 2023 — | Jun 2023 ₹126 Cr | Sep 2023 ₹151 Cr | Dec 2023 ₹104 Cr | Mar 2024 ₹121 Cr | Jun 2024 ₹126 Cr | Sep 2024 ₹102 Cr | Dec 2024 ₹70 Cr | Mar 2025 ₹79 Cr | Jun 2025 ₹101 Cr | Sep 2025 ₹76 Cr | Dec 2025 ₹40 Cr | Mar 2026 ₹51 Cr | Jun 2026 —
- BCC: Sep 2021 ₹92 Cr | Dec 2021 ₹169 Cr | Mar 2022 ₹303 Cr | Jun 2022 ₹218 Cr | Sep 2022 ₹220 Cr | Dec 2022 ₹117 Cr | Mar 2023 ₹97 Cr | Jun 2023 ₹146 Cr | Sep 2023 ₹143 Cr | Dec 2023 ₹98 Cr | Mar 2024 ₹104 Cr | Jun 2024 ₹112 Cr | Sep 2024 ₹91 Cr | Dec 2024 ₹69 Cr | Mar 2025 ₹40 Cr | Jun 2025 ₹62 Cr | Sep 2025 ₹22 Cr | Dec 2025 ₹9 Cr | Mar 2026 ₹18 Cr | Jun 2026 —

### 20-quarter Profit growth history
- SSD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 31% | Sep 2022 19% | Dec 2022 -17% | Mar 2023 -7.4% | Jun 2023 14% | Sep 2023 18% | Dec 2023 -5.2% | Mar 2024 -15% | Jun 2024 -8.4% | Sep 2024 -9.6% | Dec 2024 0.0% | Mar 2025 4.0% | Jun 2025 6.1% | Sep 2025 14% | Dec 2025 1.8% | Mar 2026 13% | Jun 2026 —
- WFG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -49% | Sep 2022 -53% | Dec 2022 -128% | Mar 2023 -104% | Jun 2023 -117% | Sep 2023 -26% | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 -152% | Dec 2024 — | Mar 2025 20% | Jun 2025 -123% | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- UFPI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 19% | Sep 2022 37% | Dec 2022 -10% | Mar 2023 — | Jun 2023 -39% | Sep 2023 -12% | Dec 2023 -21% | Mar 2024 — | Jun 2024 0.0% | Sep 2024 -32% | Dec 2024 -33% | Mar 2025 -35% | Jun 2025 -20% | Sep 2025 -25% | Dec 2025 -43% | Mar 2026 -35% | Jun 2026 —
- BCC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -28% | Sep 2022 139% | Dec 2022 -31% | Mar 2023 -68% | Jun 2023 -33% | Sep 2023 -35% | Dec 2023 -16% | Mar 2024 7.2% | Jun 2024 -23% | Sep 2024 -36% | Dec 2024 -30% | Mar 2025 -62% | Jun 2025 -45% | Sep 2025 -76% | Dec 2025 -87% | Mar 2026 -55% | Jun 2026 —

## Capacity Spending & Returns On It

What the numbers say: West Fraser Timber Co. Ltd. reports $94 million of CAPEX; West Fraser Timber Co. Ltd. has the highest covered intensity at 7%. Coverage is only 4 of 5 companies and 75 reported observations, so this is partial evidence—not a complete sector rank.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: West Fraser Timber Co. Ltd. · $94 million | 95.8% versus #2 · UFP Industries, Inc. | 8/8 recent comparable periods | 4/5 companies · 75 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders
1. West Fraser Timber Co. Ltd. (WFG): ₹94 Cr
2. UFP Industries, Inc. (UFPI): ₹48 Cr
3. Boise Cascade Company (BCC): ₹40 Cr
4. Simpson Manufacturing Co., Inc. (SSD): ₹18 Cr

### CAPEX intensity — highest reinvestment intensity
1. West Fraser Timber Co. Ltd. (WFG): 7.0%
2. UFP Industries, Inc. (UFPI): 3.3%
3. Simpson Manufacturing Co., Inc. (SSD): 3.1%
4. Boise Cascade Company (BCC): 2.7%

### 20-quarter CAPEX history
- SSD: Sep 2021 ₹12 Cr | Dec 2021 ₹12 Cr | Mar 2022 ₹18 Cr | Jun 2022 ₹14 Cr | Sep 2022 ₹10 Cr | Dec 2022 ₹21 Cr | Mar 2023 ₹19 Cr | Jun 2023 ₹19 Cr | Sep 2023 ₹20 Cr | Dec 2023 ₹31 Cr | Mar 2024 ₹39 Cr | Jun 2024 ₹40 Cr | Sep 2024 ₹45 Cr | Dec 2024 ₹56 Cr | Mar 2025 ₹50 Cr | Jun 2025 ₹38 Cr | Sep 2025 ₹36 Cr | Dec 2025 ₹37 Cr | Mar 2026 ₹18 Cr | Jun 2026 —
- WFG: Sep 2021 ₹106 Cr | Dec 2021 ₹401 Cr | Mar 2022 ₹93 Cr | Jun 2022 ₹88 Cr | Sep 2022 ₹147 Cr | Dec 2022 ₹149 Cr | Mar 2023 ₹99 Cr | Jun 2023 ₹106 Cr | Sep 2023 ₹115 Cr | Dec 2023 ₹157 Cr | Mar 2024 ₹122 Cr | Jun 2024 ₹102 Cr | Sep 2024 ₹107 Cr | Dec 2024 ₹156 Cr | Mar 2025 ₹104 Cr | Jun 2025 ₹78 Cr | Sep 2025 ₹90 Cr | Dec 2025 ₹138 Cr | Mar 2026 — | Jun 2026 ₹94 Cr
- UFPI: Sep 2021 ₹31 Cr | Dec 2021 ₹41 Cr | Mar 2022 ₹32 Cr | Jun 2022 ₹40 Cr | Sep 2022 ₹42 Cr | Dec 2022 ₹60 Cr | Mar 2023 — | Jun 2023 ₹38 Cr | Sep 2023 ₹47 Cr | Dec 2023 ₹49 Cr | Mar 2024 ₹49 Cr | Jun 2024 ₹57 Cr | Sep 2024 ₹59 Cr | Dec 2024 ₹67 Cr | Mar 2025 ₹67 Cr | Jun 2025 ₹62 Cr | Sep 2025 ₹76 Cr | Dec 2025 ₹64 Cr | Mar 2026 ₹48 Cr | Jun 2026 —
- BCC: Sep 2021 ₹20 Cr | Dec 2021 ₹55 Cr | Mar 2022 ₹17 Cr | Jun 2022 ₹23 Cr | Sep 2022 ₹21 Cr | Dec 2022 ₹52 Cr | Mar 2023 ₹30 Cr | Jun 2023 ₹38 Cr | Sep 2023 ₹31 Cr | Dec 2023 ₹116 Cr | Mar 2024 ₹34 Cr | Jun 2024 ₹40 Cr | Sep 2024 ₹62 Cr | Dec 2024 ₹94 Cr | Mar 2025 ₹53 Cr | Jun 2025 ₹79 Cr | Sep 2025 ₹55 Cr | Dec 2025 ₹54 Cr | Mar 2026 ₹40 Cr | Jun 2026 —

### 20-quarter CAPEX intensity history
- SSD: Sep 2021 3.0% | Dec 2021 2.9% | Mar 2022 3.6% | Jun 2022 2.4% | Sep 2022 1.8% | Dec 2022 4.4% | Mar 2023 3.6% | Jun 2023 3.2% | Sep 2023 3.4% | Dec 2023 6.2% | Mar 2024 7.3% | Jun 2024 6.7% | Sep 2024 7.7% | Dec 2024 11% | Mar 2025 9.3% | Jun 2025 6.0% | Sep 2025 5.8% | Dec 2025 6.9% | Mar 2026 3.1% | Jun 2026 —
- WFG: Sep 2021 4.5% | Dec 2021 20% | Mar 2022 3.0% | Jun 2022 3.0% | Sep 2022 7.0% | Dec 2022 9.2% | Mar 2023 6.1% | Jun 2023 6.6% | Sep 2023 6.7% | Dec 2023 10% | Mar 2024 7.5% | Jun 2024 6.0% | Sep 2024 7.4% | Dec 2024 11% | Mar 2025 7.1% | Jun 2025 5.1% | Sep 2025 6.9% | Dec 2025 12% | Mar 2026 — | Jun 2026 7.0%
- UFPI: Sep 2021 1.5% | Dec 2021 2.0% | Mar 2022 1.3% | Jun 2022 1.4% | Sep 2022 1.8% | Dec 2022 3.1% | Mar 2023 — | Jun 2023 2.1% | Sep 2023 2.3% | Dec 2023 3.2% | Mar 2024 3.0% | Jun 2024 3.0% | Sep 2024 3.6% | Dec 2024 4.6% | Mar 2025 4.2% | Jun 2025 3.4% | Sep 2025 4.9% | Dec 2025 4.8% | Mar 2026 3.3% | Jun 2026 —
- BCC: Sep 2021 1.1% | Dec 2021 3.1% | Mar 2022 0.7% | Jun 2022 1.0% | Sep 2022 1.0% | Dec 2022 3.2% | Mar 2023 1.9% | Jun 2023 2.1% | Sep 2023 1.7% | Dec 2023 7.1% | Mar 2024 2.1% | Jun 2024 2.2% | Sep 2024 3.6% | Dec 2024 6.0% | Mar 2025 3.5% | Jun 2025 4.5% | Sep 2025 3.3% | Dec 2025 3.7% | Mar 2026 2.7% | Jun 2026 —

## Debt Load & Balance-Sheet Headroom

What the numbers say: UFP Industries, Inc. has the clearest covered balance-sheet capacity with $392 million net cash and gross debt of $363 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: UFP Industries, Inc. · $363 million | 19% versus #2 · Boise Cascade Company | 8/8 recent comparable periods | 4/5 companies · 75 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. UFP Industries, Inc. (UFPI): ₹363 Cr
2. Boise Cascade Company (BCC): ₹448 Cr
3. Simpson Manufacturing Co., Inc. (SSD): ₹460 Cr
4. West Fraser Timber Co. Ltd. (WFG): ₹503 Cr

### Net debt — lowest net debt
1. UFP Industries, Inc. (UFPI): ₹-392 Cr
2. Boise Cascade Company (BCC): ₹109 Cr
3. Simpson Manufacturing Co., Inc. (SSD): ₹119 Cr
4. West Fraser Timber Co. Ltd. (WFG): ₹422 Cr

### 20-quarter Gross debt history
- SSD: Sep 2021 ₹33 Cr | Dec 2021 ₹37 Cr | Mar 2022 ₹730 Cr | Jun 2022 ₹728 Cr | Sep 2022 ₹721 Cr | Dec 2022 ₹624 Cr | Mar 2023 ₹617 Cr | Jun 2023 ₹618 Cr | Sep 2023 ₹615 Cr | Dec 2023 ₹537 Cr | Mar 2024 ₹528 Cr | Jun 2024 ₹540 Cr | Sep 2024 ₹536 Cr | Dec 2024 ₹461 Cr | Mar 2025 ₹463 Cr | Jun 2025 ₹457 Cr | Sep 2025 ₹446 Cr | Dec 2025 ₹467 Cr | Mar 2026 ₹460 Cr | Jun 2026 —
- WFG: Sep 2021 ₹499 Cr | Dec 2021 ₹499 Cr | Mar 2022 ₹499 Cr | Jun 2022 ₹499 Cr | Sep 2022 ₹499 Cr | Dec 2022 ₹499 Cr | Mar 2023 ₹500 Cr | Jun 2023 ₹500 Cr | Sep 2023 ₹499 Cr | Dec 2023 ₹499 Cr | Mar 2024 ₹499 Cr | Jun 2024 ₹500 Cr | Sep 2024 ₹500 Cr | Dec 2024 ₹200 Cr | Mar 2025 ₹200 Cr | Jun 2025 ₹300 Cr | Sep 2025 ₹300 Cr | Dec 2025 ₹300 Cr | Mar 2026 — | Jun 2026 ₹503 Cr
- UFPI: Sep 2021 ₹419 Cr | Dec 2021 ₹437 Cr | Mar 2022 ₹587 Cr | Jun 2022 ₹440 Cr | Sep 2022 ₹426 Cr | Dec 2022 ₹389 Cr | Mar 2023 — | Jun 2023 ₹398 Cr | Sep 2023 ₹387 Cr | Dec 2023 ₹384 Cr | Mar 2024 ₹410 Cr | Jun 2024 ₹408 Cr | Sep 2024 ₹406 Cr | Dec 2024 ₹357 Cr | Mar 2025 ₹358 Cr | Jun 2025 ₹375 Cr | Sep 2025 ₹369 Cr | Dec 2025 ₹357 Cr | Mar 2026 ₹363 Cr | Jun 2026 —
- BCC: Sep 2021 ₹444 Cr | Dec 2021 ₹445 Cr | Mar 2022 ₹445 Cr | Jun 2022 ₹445 Cr | Sep 2022 ₹444 Cr | Dec 2022 ₹444 Cr | Mar 2023 ₹445 Cr | Jun 2023 ₹445 Cr | Sep 2023 ₹445 Cr | Dec 2023 ₹445 Cr | Mar 2024 ₹446 Cr | Jun 2024 ₹446 Cr | Sep 2024 ₹446 Cr | Dec 2024 ₹446 Cr | Mar 2025 ₹446 Cr | Jun 2025 ₹445 Cr | Sep 2025 ₹445 Cr | Dec 2025 ₹445 Cr | Mar 2026 ₹448 Cr | Jun 2026 —

### 20-quarter Net debt history
- SSD: Sep 2021 ₹-261 Cr | Dec 2021 ₹-264 Cr | Mar 2022 ₹-254 Cr | Jun 2022 ₹482 Cr | Sep 2022 ₹412 Cr | Dec 2022 ₹323 Cr | Mar 2023 ₹364 Cr | Jun 2023 ₹210 Cr | Sep 2023 ₹44 Cr | Dec 2023 ₹107 Cr | Mar 2024 ₹159 Cr | Jun 2024 ₹185 Cr | Sep 2024 ₹197 Cr | Dec 2024 ₹222 Cr | Mar 2025 ₹313 Cr | Jun 2025 ₹267 Cr | Sep 2025 ₹149 Cr | Dec 2025 ₹83 Cr | Mar 2026 ₹119 Cr | Jun 2026 —
- WFG: Sep 2021 ₹-1.6K Cr | Dec 2021 ₹-1.1K Cr | Mar 2022 ₹-1.3K Cr | Jun 2022 ₹-782 Cr | Sep 2022 ₹-824 Cr | Dec 2022 ₹-663 Cr | Mar 2023 ₹-347 Cr | Jun 2023 ₹-494 Cr | Sep 2023 ₹-705 Cr | Dec 2023 ₹-401 Cr | Mar 2024 ₹-212 Cr | Jun 2024 ₹-504 Cr | Sep 2024 ₹-497 Cr | Dec 2024 ₹-441 Cr | Mar 2025 ₹-190 Cr | Jun 2025 ₹-346 Cr | Sep 2025 ₹-246 Cr | Dec 2025 ₹98 Cr | Mar 2026 — | Jun 2026 ₹422 Cr
- UFPI: Sep 2021 ₹247 Cr | Dec 2021 ₹114 Cr | Mar 2022 ₹478 Cr | Jun 2022 ₹266 Cr | Sep 2022 ₹-56 Cr | Dec 2022 ₹-206 Cr | Mar 2023 — | Jun 2023 ₹-63 Cr | Sep 2023 ₹-354 Cr | Dec 2023 ₹-769 Cr | Mar 2024 ₹-607 Cr | Jun 2024 ₹-670 Cr | Sep 2024 ₹-824 Cr | Dec 2024 ₹-846 Cr | Mar 2025 ₹-576 Cr | Jun 2025 ₹-499 Cr | Sep 2025 ₹-674 Cr | Dec 2025 ₹-592 Cr | Mar 2026 ₹-392 Cr | Jun 2026 —
- BCC: Sep 2021 ₹-343 Cr | Dec 2021 ₹-304 Cr | Mar 2022 ₹-478 Cr | Jun 2022 ₹-588 Cr | Sep 2022 ₹-423 Cr | Dec 2022 ₹-554 Cr | Mar 2023 ₹-556 Cr | Jun 2023 ₹-636 Cr | Sep 2023 ₹-828 Cr | Dec 2023 ₹-505 Cr | Mar 2024 ₹-444 Cr | Jun 2024 ₹-476 Cr | Sep 2024 ₹-316 Cr | Dec 2024 ₹-267 Cr | Mar 2025 ₹-116 Cr | Jun 2025 ₹-36 Cr | Sep 2025 ₹-67 Cr | Dec 2025 ₹-32 Cr | Mar 2026 ₹109 Cr | Jun 2026 —

## Return On Capital Employed

What the numbers say: FF Global Holdings Ltd leads ROCE at 45.3%, 40.8 percentage points above Simpson Manufacturing Co., Inc.. Simpson Manufacturing Co., Inc. has the strongest latest improvement at +0.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: FF Global Holdings Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: FF Global Holdings Ltd · 45.3% | 10.1× versus #2 · Simpson Manufacturing Co., Inc. | Not enough history | 5/5 companies · 75 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. FF Global Holdings Ltd (FFGG): 45%
2. Simpson Manufacturing Co., Inc. (SSD): 4.5%
3. UFP Industries, Inc. (UFPI): 1.8%
4. Boise Cascade Company (BCC): 1.0%
5. West Fraser Timber Co. Ltd. (WFG): -2.9%

### ROCE change — fastest improvers
1. Simpson Manufacturing Co., Inc. (SSD): +0.2 pp
2. UFP Industries, Inc. (UFPI): −0.8 pp
3. Boise Cascade Company (BCC): −0.9 pp
4. West Fraser Timber Co. Ltd. (WFG): −2.4 pp
5. FF Global Holdings Ltd (FFGG): −6.7 pp

### 20-quarter ROCE history
- SSD: Sep 2021 8.9% | Dec 2021 8.5% | Mar 2022 8.2% | Jun 2022 8.2% | Sep 2022 7.4% | Dec 2022 4.6% | Mar 2023 5.6% | Jun 2023 6.5% | Sep 2023 6.2% | Dec 2023 3.2% | Mar 2024 4.2% | Jun 2024 5.6% | Sep 2024 5.1% | Dec 2024 3.3% | Mar 2025 4.3% | Jun 2025 5.6% | Sep 2025 5.5% | Dec 2025 3.0% | Mar 2026 4.5% | Jun 2026 —
- WFG: Sep 2021 10% | Dec 2021 7.0% | Mar 2022 15% | Jun 2022 11% | Sep 2022 3.1% | Dec 2022 -1.4% | Mar 2023 -0.9% | Jun 2023 -2.1% | Sep 2023 2.0% | Dec 2023 -2.1% | Mar 2024 0.5% | Jun 2024 1.5% | Sep 2024 -1.2% | Dec 2024 -0.8% | Mar 2025 0.8% | Jun 2025 -0.5% | Sep 2025 -3.5% | Dec 2025 -13% | Mar 2026 — | Jun 2026 -2.9%
- UFPI: Sep 2021 8.0% | Dec 2021 8.8% | Mar 2022 11% | Jun 2022 11% | Sep 2022 9.0% | Dec 2022 6.1% | Mar 2023 — | Jun 2023 5.4% | Sep 2023 6.4% | Dec 2023 3.8% | Mar 2024 4.0% | Jun 2024 4.7% | Sep 2024 3.4% | Dec 2024 2.2% | Mar 2025 2.6% | Jun 2025 3.5% | Sep 2025 2.5% | Dec 2025 1.6% | Mar 2026 1.8% | Jun 2026 —
- BCC: Sep 2021 7.9% | Dec 2021 14% | Mar 2022 21% | Jun 2022 14% | Sep 2022 13% | Dec 2022 6.7% | Mar 2023 5.1% | Jun 2023 7.3% | Sep 2023 6.7% | Dec 2023 4.4% | Mar 2024 4.7% | Jun 2024 5.1% | Sep 2024 4.1% | Dec 2024 3.3% | Mar 2025 1.9% | Jun 2025 2.8% | Sep 2025 1.2% | Dec 2025 0.6% | Mar 2026 1.0% | Jun 2026 —

### 20-quarter ROCE change history
- SSD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.5 pp | Dec 2022 −3.9 pp | Mar 2023 −2.6 pp | Jun 2023 −1.7 pp | Sep 2023 −1.2 pp | Dec 2023 −1.4 pp | Mar 2024 −1.4 pp | Jun 2024 −0.9 pp | Sep 2024 −1.1 pp | Dec 2024 +0.1 pp | Mar 2025 +0.1 pp | Jun 2025 0.0 pp | Sep 2025 +0.4 pp | Dec 2025 −0.3 pp | Mar 2026 +0.2 pp | Jun 2026 —
- WFG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −7.2 pp | Dec 2022 −8.4 pp | Mar 2023 −16.3 pp | Jun 2023 −12.6 pp | Sep 2023 −1.1 pp | Dec 2023 −0.7 pp | Mar 2024 +1.4 pp | Jun 2024 +3.6 pp | Sep 2024 −3.2 pp | Dec 2024 +1.3 pp | Mar 2025 +0.3 pp | Jun 2025 −2.0 pp | Sep 2025 −2.3 pp | Dec 2025 −11.8 pp | Mar 2026 — | Jun 2026 −2.4 pp
- UFPI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.0 pp | Dec 2022 −2.7 pp | Mar 2023 — | Jun 2023 −5.4 pp | Sep 2023 −2.6 pp | Dec 2023 −2.3 pp | Mar 2024 — | Jun 2024 −0.7 pp | Sep 2024 −3.0 pp | Dec 2024 −1.6 pp | Mar 2025 −1.4 pp | Jun 2025 −1.2 pp | Sep 2025 −0.9 pp | Dec 2025 −0.6 pp | Mar 2026 −0.8 pp | Jun 2026 —
- BCC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +5.4 pp | Dec 2022 −6.8 pp | Mar 2023 −16.2 pp | Jun 2023 −7.0 pp | Sep 2023 −6.6 pp | Dec 2023 −2.3 pp | Mar 2024 −0.4 pp | Jun 2024 −2.2 pp | Sep 2024 −2.6 pp | Dec 2024 −1.1 pp | Mar 2025 −2.8 pp | Jun 2025 −2.3 pp | Sep 2025 −2.9 pp | Dec 2025 −2.7 pp | Mar 2026 −0.9 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: Simpson Manufacturing Co., Inc. has the lowest comparable Guarded PEG at 1.82×. Only 1 of 5 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: Simpson Manufacturing Co., Inc. · 1.82× | Not enough peers | 0/8 recent comparable periods | 1/5 companies · 5 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG
1. Simpson Manufacturing Co., Inc. (SSD): 1.8

### P/E — lowest P/E
1. Simpson Manufacturing Co., Inc. (SSD): 20.1
2. UFP Industries, Inc. (UFPI): 20.1
3. Boise Cascade Company (BCC): 25.6
4. West Fraser Timber Co. Ltd. (WFG): 49.3

### 20-quarter Guarded PEG history
- SSD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 2.2 | Jun 2023 — | Sep 2023 — | Dec 2023 3.6 | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 2.4 | Dec 2025 2.3 | Mar 2026 1.8 | Jun 2026 —

### 20-quarter P/E history
- SSD: Sep 2021 20.6 | Dec 2021 22.6 | Mar 2022 15.3 | Jun 2022 13.2 | Sep 2022 9.8 | Dec 2022 11.4 | Mar 2023 14.4 | Jun 2023 17.4 | Sep 2023 18.0 | Dec 2023 24.0 | Mar 2024 25.7 | Jun 2024 21.6 | Sep 2024 25.3 | Dec 2024 21.8 | Mar 2025 20.5 | Jun 2025 19.8 | Sep 2025 20.4 | Dec 2025 19.6 | Mar 2026 20.1 | Jun 2026 —
- WFG: Sep 2021 3.0 | Dec 2021 3.5 | Mar 2022 2.8 | Jun 2022 3.1 | Sep 2022 3.1 | Dec 2022 3.5 | Mar 2023 8.4 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 49.3 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- UFPI: Sep 2021 9.2 | Dec 2021 10.6 | Mar 2022 8.1 | Jun 2022 6.4 | Sep 2022 6.2 | Dec 2022 7.2 | Mar 2023 — | Jun 2023 8.0 | Sep 2023 10.7 | Dec 2023 15.1 | Mar 2024 14.9 | Jun 2024 14.1 | Sep 2024 17.7 | Dec 2024 16.6 | Mar 2025 17.5 | Jun 2025 16.8 | Sep 2025 16.6 | Dec 2025 18.2 | Mar 2026 20.1 | Jun 2026 —
- BCC: Sep 2021 3.8 | Dec 2021 3.9 | Mar 2022 3.2 | Jun 2022 3.0 | Sep 2022 2.6 | Dec 2022 3.2 | Mar 2023 3.9 | Jun 2023 6.2 | Sep 2023 8.2 | Dec 2023 10.7 | Mar 2024 12.5 | Jun 2024 10.4 | Sep 2024 13.8 | Dec 2024 12.4 | Mar 2025 12.3 | Jun 2025 12.7 | Sep 2025 15.3 | Dec 2025 20.9 | Mar 2026 25.6 | Jun 2026 —

## Enterprise Value & Book Value

What the numbers say: Boise Cascade Company leads ev/ebitda at 8.84×; West Fraser Timber Co. Ltd. leads p/bv at 0.9×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: Boise Cascade Company · 8.84× | 8.9% versus #2 · UFP Industries, Inc. | 0/8 recent comparable periods | 4/5 companies · 73 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. Boise Cascade Company (BCC): 8.8
2. UFP Industries, Inc. (UFPI): 9.7
3. Simpson Manufacturing Co., Inc. (SSD): 12.7
4. West Fraser Timber Co. Ltd. (WFG): 23.1

### P/BV — lowest P/BV
1. West Fraser Timber Co. Ltd. (WFG): 0.9
2. Boise Cascade Company (BCC): 1.4
3. UFP Industries, Inc. (UFPI): 1.7
4. Simpson Manufacturing Co., Inc. (SSD): 3.4

### 20-quarter EV/EBITDA history
- SSD: Sep 2021 12.3 | Dec 2021 14.0 | Mar 2022 9.6 | Jun 2022 9.4 | Sep 2022 7.0 | Dec 2022 7.9 | Mar 2023 9.7 | Jun 2023 11.5 | Sep 2023 11.6 | Dec 2023 15.4 | Mar 2024 16.8 | Jun 2024 14.1 | Sep 2024 16.3 | Dec 2024 13.9 | Mar 2025 13.2 | Jun 2025 12.7 | Sep 2025 12.9 | Dec 2025 12.3 | Mar 2026 12.7 | Jun 2026 —
- WFG: Sep 2021 1.7 | Dec 2021 2.0 | Mar 2022 1.4 | Jun 2022 1.5 | Sep 2022 1.5 | Dec 2022 1.7 | Mar 2023 3.5 | Jun 2023 15.5 | Sep 2023 16.3 | Dec 2023 25.8 | Mar 2024 17.5 | Jun 2024 8.0 | Sep 2024 16.6 | Dec 2024 11.7 | Mar 2025 8.8 | Jun 2025 11.4 | Sep 2025 23.1 | Dec 2025 — | Mar 2026 — | Jun 2026 —
- UFPI: Sep 2021 6.3 | Dec 2021 7.0 | Mar 2022 5.8 | Jun 2022 4.4 | Sep 2022 3.9 | Dec 2022 4.4 | Mar 2023 — | Jun 2023 5.1 | Sep 2023 6.4 | Dec 2023 9.0 | Mar 2024 9.3 | Jun 2024 8.5 | Sep 2024 10.5 | Dec 2024 9.4 | Mar 2025 9.8 | Jun 2025 9.4 | Sep 2025 8.7 | Dec 2025 8.7 | Mar 2026 9.7 | Jun 2026 —
- BCC: Sep 2021 1.9 | Dec 2021 2.4 | Mar 2022 1.8 | Jun 2022 1.5 | Sep 2022 1.5 | Dec 2022 1.7 | Mar 2023 2.0 | Jun 2023 3.3 | Sep 2023 4.1 | Dec 2023 6.1 | Mar 2024 7.3 | Jun 2024 5.7 | Sep 2024 7.6 | Dec 2024 6.7 | Mar 2025 6.4 | Jun 2025 6.5 | Sep 2025 6.7 | Dec 2025 7.8 | Mar 2026 8.8 | Jun 2026 —

### 20-quarter P/BV history
- SSD: Sep 2021 4.1 | Dec 2021 5.1 | Mar 2022 3.8 | Jun 2022 3.3 | Sep 2022 2.5 | Dec 2022 2.7 | Mar 2023 3.1 | Jun 2023 3.7 | Sep 2023 3.8 | Dec 2023 5.0 | Mar 2024 5.1 | Jun 2024 4.0 | Sep 2024 4.3 | Dec 2024 3.9 | Mar 2025 3.5 | Jun 2025 3.4 | Sep 2025 3.5 | Dec 2025 3.3 | Mar 2026 3.4 | Jun 2026 —
- WFG: Sep 2021 1.2 | Dec 2021 1.3 | Mar 2022 1.0 | Jun 2022 0.9 | Sep 2022 0.8 | Dec 2022 0.8 | Mar 2023 0.8 | Jun 2023 1.0 | Sep 2023 0.8 | Dec 2023 1.0 | Mar 2024 1.0 | Jun 2024 0.4 | Sep 2024 1.1 | Dec 2024 1.0 | Mar 2025 0.9 | Jun 2025 0.8 | Sep 2025 0.8 | Dec 2025 0.8 | Mar 2026 — | Jun 2026 0.9
- UFPI: Sep 2021 2.3 | Dec 2021 2.9 | Mar 2022 2.3 | Jun 2022 1.8 | Sep 2022 1.8 | Dec 2022 1.9 | Mar 2023 — | Jun 2023 1.8 | Sep 2023 2.1 | Dec 2023 2.6 | Mar 2024 2.5 | Jun 2024 2.2 | Sep 2024 2.5 | Dec 2024 2.1 | Mar 2025 2.0 | Jun 2025 1.9 | Sep 2025 1.7 | Dec 2025 1.7 | Mar 2026 1.7 | Jun 2026 —
- BCC: Sep 2021 1.6 | Dec 2021 2.1 | Mar 2022 1.7 | Jun 2022 1.3 | Sep 2022 1.2 | Dec 2022 1.3 | Mar 2023 1.2 | Jun 2023 1.7 | Sep 2023 1.8 | Dec 2023 2.3 | Mar 2024 2.7 | Jun 2024 2.0 | Sep 2024 2.6 | Dec 2024 2.1 | Mar 2025 1.7 | Jun 2025 1.5 | Sep 2025 1.3 | Dec 2025 1.3 | Mar 2026 1.4 | Jun 2026 —

## Market action

Simpson Manufacturing Co., Inc. has the strongest one-year price move in Lumber & Wood Production at +10.7%. It also leads on Mansfield relative strength against the S&P 500 at +1.3%. 1 of 4 covered companies is above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

### Strongest one-year price performers
1. Simpson Manufacturing Co., Inc. (SSD): 11%
2. West Fraser Timber Co. Ltd. (WFG): -3.4%
3. Boise Cascade Company (BCC): -3.6%
4. UFP Industries, Inc. (UFPI): -6.9%

### Strongest relative strength versus NIFTY 500
1. Simpson Manufacturing Co., Inc. (SSD): 1.3%
2. Boise Cascade Company (BCC): -3.5%
3. West Fraser Timber Co. Ltd. (WFG): -5.8%
4. UFP Industries, Inc. (UFPI): -9.9%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Thin comparisons: Valuation have fewer than three usable current readings.

## Every company
- Simpson Manufacturing Co., Inc. (SSD) — market value ₹8.2K Cr; latest fundamentals Mar 2026
- West Fraser Timber Co. Ltd. (WFG) — market value ₹5.3K Cr; latest fundamentals Jun 2026
- UFP Industries, Inc. (UFPI) — market value ₹5.1K Cr; latest fundamentals Mar 2026
- Boise Cascade Company (BCC) — market value ₹2.8K Cr; latest fundamentals Mar 2026
- FF Global Holdings Ltd (FFGG) — market value ₹106 Cr; latest fundamentals unavailable

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-28.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Which Lumber & Wood Production company is the biggest?

Boise Cascade Company is the largest, with trailing-twelve-month revenue of $6,367 million, ahead of UFP Industries, Inc. at $6,186 million. That covers 3 of 5 companies with comparable reporting through Mar 2026.

### Which Lumber & Wood Production company is growing fastest?

Simpson Manufacturing Co., Inc. has the fastest revenue growth at 6.3% year on year, across 3 of 5 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Lumber & Wood Production company has the best profit margins?

Simpson Manufacturing Co., Inc. has the highest operating margin at 19.5%, from 4 of 5 comparable companies. Simpson Manufacturing Co., Inc. shows the biggest recent improvement, at +0.5 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Lumber & Wood Production company makes the most profit?

Simpson Manufacturing Co., Inc. earns the most, at $355 million of trailing-twelve-month net profit, from 3 of 5 comparable companies. Simpson Manufacturing Co., Inc. has the fastest profit growth at 9.2%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Lumber & Wood Production company earns the highest return on capital?

FF Global Holdings Ltd leads on return on capital employed at 45.3%, across 5 of 5 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Lumber & Wood Production stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Simpson Manufacturing Co., Inc. screens cheapest at 1.82×. Only 1 of 5 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Which Lumber & Wood Production company has the strongest balance sheet?

UFP Industries, Inc. carries the lowest comparable gross debt at $363 million, from 4 of 5 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Which Lumber & Wood Production company is investing most in new capacity?

West Fraser Timber Co. Ltd. reports the largest capital spending at $94 million, across 4 of 5 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

### Is the Lumber & Wood Production sector beating the market?

Lumber & Wood Production has underperformed S&P 500 by 15.7% over the last 52 weeks and 2.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Lumber & Wood Production stock has the strongest price momentum?

Simpson Manufacturing Co., Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Lumber & Wood Production company scores highest for research priority?

Simpson Manufacturing Co., Inc. scores 57.5 out of 100 with 79% evidence confidence, from 18.6 points on growth and earnings, 17.4 on capital efficiency, 9.4 on valuation and 12.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Lumber & Wood Production companies does this comparison cover, and over what period?

It compares 5 listed companies over up to 20 reported quarters of fundamentals and 5 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Lumber & Wood Production sector?

The 5 Lumber & Wood Production companies on this page carry $21,509 million of combined market value. Simpson Manufacturing Co., Inc. is the largest at $8,157 million, about 38% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

### How is the Lumber & Wood Production sector performing?

1 of the 4 covered Lumber & Wood Production companies are beating S&P 500 on Mansfield relative strength. The sector itself is 15.7% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

### How many Lumber & Wood Production stocks are listed in the US?

This comparison covers 5 listed Lumber & Wood Production companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/lumber-wood-production