Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026


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Boise Cascade Co.BCC · shops
GradeTortoiseCmiddle fifth of 258 graded peers; percentile 50.2, sampling error 2.9 points; lower is stronger
Rank130 of 258
ProfitabilityDpercentile 65.4
SolvencyApercentile 12.6
Growth and financingDpercentile 69.0
Reliability0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025
Peer failure rate0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size bandover $2.67B assetstotal assets $3.2B[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsnone activenot computable: distress
Inputs computable7 of 14
Graded fromfilings received through Feb 24, 2026227 days before the rescan; every figure keyed to the SEC receipt date
Last close$74.272026-10-08; market equity $2.6B; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$70$80$90NovDecJanFebMarAprMayJunJulAugSepOctC$74.22
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Mar 21, 2014nonen/aQ4
Mar 21, 2018A/B23.0Q4
Oct 21, 2018A15.9Q4
Mar 21, 2019nonen/aQ4
Mar 21, 2020A3.1Q4
Mar 21, 2021A/B17.1Q4
Apr 21, 2021B30.4Q4
Dec 21, 2021A/B20.5Q4
Feb 21, 2022A16.6Q4
Mar 21, 2022B26.7Q4
Aug 21, 2022A/B22.1Q4
Feb 21, 2023A0.0Q5
Feb 21, 2025C52.1Q5

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Feb 24, 2026; the document on sec.gov.

Boise Cascade is one of the largest U.S. wholesale distributors of building materials and a leading manufacturer of engineered wood products (EWP) and plywood in North America. As used in this Form 10-K, the terms "Boise Cascade," "we," and "our" refer to Boise Cascade Company and its consolidated subsidiaries. As a leading distributor and manufacturer of building materials, we bring people, products, and services together to build strong homes, businesses, and communities that stand the test of time. Our two reportable segments, Building Materials Distribution and Wood Products, operate with a high degree of integration.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 65.4
Gross profitabilitynot computable42.6%
one or more required annual facts are missing
Return on invested capitalnot computable10.9%
a prior annual debt, equity, and cash observation is required
Accruals ratio(3.7%)[1,3-5](4.9%)65.42872025-12-31
Gross margin stability, five yearsnot computable1.2 pts
five annual gross margins are required; found 0
Solvency, sleeve percentile 12.6
Twelve-month failure probabilitynot computable0.04%
liabilities and a nearby cover-page share count are required at 2026-06-30
Altman Z double-primenot computable1.92
one or more required annual facts are missing
Net debt to EBITDAnot computable1.84x
latest aligned inputs end 2016-12-31; latest annual assets end 2025-12-31
Interest coveragenot computable2.26x
latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31
Current ratio3.36x[6-7]1.37x12.62952025-12-31
Growth and financing, sleeve percentile 69.0
Revenue growth, three-year compound(8.6%)[2,8-10]1.5%83.62692025-12-31
Free cash flow growth, three-year compound(76.1%)[4,11-17]5.6%100.01472025-12-31
Reinvestment rate(57.3%)[6-7,11,18-23]7.3%86.11522025-12-31
Asset growth, three years0.01%[1,5,24-25]3.4%63.12722025-12-31
Net share issuance, one year(5.8%)[26-27](0.6%)12.42112026-02-18

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.021; sampling error 2.9 percentile points on 258 peers.

Among 258 Peers [top]

ABCDECOST, Costco Wholesale Corp.; A, percentile 4.7; market equity $420.1B; warnings: fortress balance sheetCOSTAMZN, Amazon COM Inc.; A/B, percentile 20.2; market equity $2.7T; warnings: fortress balance sheetAMZNHD, Home Depot, Inc.; B, percentile 32.3; market equity $294.8BHDTJX, TJX Companies Inc.; C, percentile 43.6; market equity $152.6BTJXWMT, Walmart Inc.; C, percentile 52.9; market equity $877.2BWMTMCD, Mcdonalds Corp.; D, percentile 63.4; market equity $167.6BMCDBCC 50.2strongerweaker

Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.

RankCompanyPercentileLetterWarnings
125Yum China Holdings, Inc. (YUMC)

Yum China Holdings, Inc. (YUMC)

Cmiddle fifth; percentile 48.2

NYSE · Retail-Eating Places

market equity $14.3B; last close $41.81

No active warnings; 9 of 14 inputs

48.2C
126Group 1 Automotive Inc. (GPI)

Group 1 Automotive Inc. (GPI)

Cmiddle fifth; percentile 48.6

NYSE · Retail-Auto Dealers & Gasoline Stations

market equity $2.8B; last close $236.71

No active warnings; 9 of 14 inputs

48.6C
127Reliance, Inc. (RS)

Reliance, Inc. (RS)

Cmiddle fifth; percentile 49.0

NYSE · Wholesale-Metals Service Centers & of fices

market equity $20.3B; last close $397.21

No active warnings; 8 of 14 inputs

49.0C
128Foster L B Co. (FSTR)

Foster L B Co. (FSTR)

Cmiddle fifth; percentile 49.4

Nasdaq · Wholesale-Metals Service Centers & of fices

market equity $372.6M; last close $35.35

No active warnings; 10 of 14 inputs

49.4C
129TD Synnex Corp. (SNX)

TD Synnex Corp. (SNX)

Cmiddle fifth; percentile 49.8

NYSE · Wholesale-Computers & Peripheral Equipment & Software

market equity $21.3B; last close $267.62

No active warnings; 11 of 14 inputs

49.8C
130Boise Cascade Co. (BCC)

Boise Cascade Co. (BCC)

Cmiddle fifth; percentile 50.2

NYSE · Wholesale-Lumber & Other Construction Materials

market equity $2.6B; last close $74.27

No active warnings; 7 of 14 inputs

50.2C
131Titan Machinery Inc. (TITN)

Titan Machinery Inc. (TITN)

Cmiddle fifth; percentile 50.6

Nasdaq · Retail-Retail Stores, NEC

market equity $556.8M; last close $23.63

Warnings: fortress balance sheet; 7 of 14 inputs

50.6Cfortress balance sheet
132Bath & Body Works, Inc. (BBWI)

Bath & Body Works, Inc. (BBWI)

Cmiddle fifth; percentile 51.0

NYSE · Retail-Retail Stores, NEC

market equity $3.6B; last close $17.71

No active warnings; 11 of 14 inputs

51.0C
133Mckesson Corp. (MCK)

Mckesson Corp. (MCK)

Cmiddle fifth; percentile 51.4

NYSE · Wholesale-Drugs, Proprietaries & Druggists' Sundries

market equity $108.5B; last close $931.07

No active warnings; 10 of 14 inputs

51.4C
134Darden Restaurants Inc. (DRI)

Darden Restaurants Inc. (DRI)

Cmiddle fifth; percentile 51.8

NYSE · Retail-Eating Places

market equity $22.7B; last close $200.56

No active warnings; 12 of 14 inputs

51.8C
135Hudson Technologies Inc. (HDSN)

Hudson Technologies Inc. (HDSN)

Cmiddle fifth; percentile 52.1

Nasdaq · Wholesale-Machinery, Equipment & Supplies

market equity $217.6M; last close $5.16

No active warnings; 9 of 14 inputs

52.1C
Peer policyLetterPercentilePeers
all graded filers, equal sleevesD62.02204
sector peers, equal sleeves (the grade)C50.2258
same exchange, equal sleevesC49.3984
sector peers, equal inputsD/E78.2258

Each letter is one fifth of the 258 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month1.5%(0.1%)52hotter than 52 of 100 peers
Distance from 52-week high(18.5%)(24.1%)58closer to its high than 58 of 100 peers
EBIT to enterprise value6.7%5.3%66pricier than 34 of 100 peers
Free cash flow yield0.5%4.2%26pricier than 74 of 100 peers
Book value to price0.780.3675pricier than 25 of 100 peers
Sales to price2.471.7564pricier than 36 of 100 peers
Composite equity issuance, five years(36.5%)(16.7%)13more equity-funded than 13 of 100 peers
Relative strength against the sector, log excess return0.040.0252ahead of 52 of 100 peers

Inputs: market equity $2.6B; EBIT $183.3M; free cash flow $12.7M; book equity $2.0B; sales $6.4B; debt $438.0M; cash $304.8M[28].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zero3.9%✓ pass[3,5]
Operating cash flow above zero$254.1M✓ pass[4]
Return on assets improved(6.9 pts)✗ fail[3,5,24,29]
Operating cash flow exceeds net income$121.3M✓ pass[3-4]
Long-term leverage fell0.4 pts✗ fail[1,5,24,30-31]
Current ratio improved1.1 pts✓ pass[6-7,22-23]
No new shares issued(5.8%)✓ pass[26-27]
Gross margin improvedn/a
Asset turnover improved(4.3 pts)✗ fail[2,5,8,24]
Cash, filings, liquidity
Cash and equivalents$304.8M[32]
Operating cash flow, four quarters$275.8M[4,32-36]
Months of runwaynot finite
trailing operating cash flow is nonnegative, so runway is not finite
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing67
10-Q received Aug 3, 2026
Median daily dollar volume$23.1M
63 sessions
Days since newest grade input227

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$3.2B2025-12-312026-02-2410-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$6.4B2025-12-312026-02-2410-Kfiling · viewer · series
3net incomeus-gaap:NetIncomeLoss$132.8M2025-12-312026-02-2410-Kfiling · viewer · series
4operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$254.1M2025-12-312026-02-2410-Kfiling · viewer · series
5assetsus-gaap:Assets$3.4B2024-12-312026-02-2410-Kfiling · viewer · series
6current assetsus-gaap:AssetsCurrent$1.7B2025-12-312026-02-2410-Kfiling · viewer · series
7current liabilitiesus-gaap:LiabilitiesCurrent$493.1M2025-12-312026-02-2410-Kfiling · viewer · series
8revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$6.7B2024-12-312026-02-2410-Kfiling · viewer · series
9revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$6.8B2023-12-312026-02-2410-Kfiling · viewer · series
10revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$8.4B2022-12-312025-02-2010-Kfiling · viewer · series
11capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$241.4M2025-12-312026-02-2410-Kfiling · viewer · series
12operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$438.3M2024-12-312026-02-2410-Kfiling · viewer · series
13capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$229.6M2024-12-312026-02-2410-Kfiling · viewer · series
14operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$687.5M2023-12-312026-02-2410-Kfiling · viewer · series
15capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$215.4M2023-12-312026-02-2410-Kfiling · viewer · series
16operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$1.0B2022-12-312025-02-2010-Kfiling · viewer · series
17capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$114.1M2022-12-312025-02-2010-Kfiling · viewer · series
18depreciation amortizationus-gaap:DepreciationDepletionAndAmortization$158.2M2025-12-312026-02-2410-Kfiling · viewer · series
19operating incomeus-gaap:OperatingIncomeLoss$183.3M2025-12-312026-02-2410-Kfiling · viewer · series
20pretax incomeus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest$180.0M2025-12-312026-02-2410-Kfiling · viewer · series
21income taxus-gaap:IncomeTaxExpenseBenefit$47.1M2025-12-312026-02-2410-Kfiling · viewer · series
22current assetsus-gaap:AssetsCurrent$1.9B2024-12-312026-02-2410-Kfiling · viewer · series
23current liabilitiesus-gaap:LiabilitiesCurrent$564.0M2024-12-312026-02-2410-Kfiling · viewer · series
24assetsus-gaap:Assets$3.5B2023-12-312025-02-2010-Kfiling · viewer · series
25assetsus-gaap:Assets$3.2B2022-12-312024-02-2010-Kfiling · viewer · series
26shares outstandingdei:EntityCommonStockSharesOutstanding35,722,0672026-02-182026-02-2410-Kfiling · viewer · series
27shares outstandingdei:EntityCommonStockSharesOutstanding37,932,9892025-02-142025-02-2010-Kfiling · viewer · series
28shares outstandingdei:EntityCommonStockSharesOutstanding34,891,3512026-07-312026-08-0310-Qfiling · viewer · series
29net incomeus-gaap:NetIncomeLoss$376.4M2024-12-312026-02-2410-Kfiling · viewer · series
30long term debtus-gaap:LongTermDebtNoncurrent$445.4M2025-12-312026-02-2410-Kfiling · viewer · series
31long term debtus-gaap:LongTermDebtNoncurrent$446.2M2024-12-312026-02-2410-Kfiling · viewer · series
32cashus-gaap:CashAndCashEquivalentsAtCarryingValue$304.8M2026-06-302026-08-0310-Qfiling · viewer · series
33operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$26.3M2026-06-302026-08-0310-Qfiling · viewer · series
34operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$16.0M2026-03-312026-05-0410-Qfiling · viewer · series
35operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$123.1M2025-09-302025-11-0310-Qfiling · viewer · series
36operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$4.7M2025-06-302026-08-0310-Qfiling · viewer · series

Limitations [top]

Grade boundary. Percentile 50.2 is 9.8 points from the nearest band edge; sampling error is 2.9 points.

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.