JELD-WEN (JELD)
Market Price (12/4/2025): $2.72 | Market Cap: $232.3 MilSector: Industrials | Industry: Building Products
JELD-WEN (JELD)
Market Price (12/4/2025): $2.72Market Cap: $232.3 MilSector: IndustrialsIndustry: Building Products
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, and Sustainable Resource Management. Themes include Energy Efficient Building Materials, and Green Building Materials. | Weak multi-year price returns2Y Excs Rtn is -134%, 3Y Excs Rtn is -145% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -49 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.5% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 301% | ||
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.1%, Rev Chg QQuarterly Revenue Change % is -13% | ||
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.1% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -159% |
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, and Sustainable Resource Management. Themes include Energy Efficient Building Materials, and Green Building Materials. |
| Weak multi-year price returns2Y Excs Rtn is -134%, 3Y Excs Rtn is -145% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -49 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.5% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 301% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.1%, Rev Chg QQuarterly Revenue Change % is -13% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.1% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -159% |
Valuation, Metrics & Events
JELD Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are the key points for why JELD-WEN's stock moved by -58.1% for the approximate time period from August 31, 2025, to December 4, 2025:
**1. Significant Net Loss and Goodwill Impairment in Q3 2025.**
JELD-WEN reported a substantial net loss from continuing operations of $367.6 million, or $4.30 per share, for the third quarter ended September 27, 2025, significantly wider than the loss in the prior year. This loss was heavily impacted by a $196.9 million non-cash goodwill impairment charge and $122.3 million in tax special items.
**2. Substantial Decline in Revenue and Core Revenues.**
The company's net revenues in Q3 2025 decreased by 13.4% year-over-year to $809.5 million, falling short of analyst estimates. This decline was primarily driven by a 10% decrease in Core Revenues, which itself was largely a result of an 11% decline in volume/mix.
**3. Downward Revision of Full-Year 2025 Guidance.**
JELD-WEN significantly lowered its full-year 2025 revenue guidance to between $3.1 billion and $3.2 billion and its Adjusted EBITDA guidance to a range of $105 million to $120 million. This revision reflected persistent market headwinds and a deteriorating outlook for demand.
**4. Weak Macroeconomic Conditions and Deteriorating Market Demand.**
The company cited persistent macroeconomic headwinds as a primary factor, particularly in North America, leading to weakened market demand for doors and windows. This environment also contributed to market share losses due to aggressive pricing from competitors.
**5. Workforce Reductions and Strategic Actions.**
In response to the disappointing financial results and challenging market conditions, JELD-WEN announced plans to reduce its North American and Corporate workforce by approximately 850 positions, representing about 11% of those teams, by the end of 2025. Additionally, the company initiated a strategic review of its European segment.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| JELD Return | 8% | 4% | -63% | 96% | -57% | -69% | -89% |
| Peers Return | 41% | 55% | -11% | 62% | 9% | 13% | 285% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| JELD Win Rate | 75% | 58% | 25% | 67% | 25% | 50% | |
| Peers Win Rate | 65% | 63% | 43% | 63% | 55% | 54% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| JELD Max Drawdown | -69% | -8% | -68% | 0% | -57% | -78% | |
| Peers Max Drawdown | -37% | -3% | -37% | -8% | -12% | -14% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: WMS, WTS, UFPI, GFF, TT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | JELD | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -72.7% | -25.4% |
| % Gain to Breakeven | 266.9% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -72.5% | -33.9% |
| % Gain to Breakeven | 264.3% | 51.3% |
| Time to Breakeven | 204 days | 148 days |
| 2018 Correction | ||
| % Loss | -67.8% | -19.8% |
| % Gain to Breakeven | 210.4% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to WMS, WTS, UFPI, GFF, TT
In The Past
JELD-WEN's stock fell -72.7% during the 2022 Inflation Shock from a high on 4/29/2021. A -72.7% loss requires a 266.9% gain to breakeven.
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Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| JELD-WEN Stock Drop Looks Sharp, But How Deep Can It Go? | Return | |
| JELD-WEN Stock Down 36% in One Month, Now Is Not The Time To Buy The Stock | Buy or Fear | |
| JELD-WEN (JELD) Valuation Ratios Comparison | Financials |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to JELD. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 7.3% | 7.3% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.3% | 2.3% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 4.8% | 4.8% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.6% | 1.6% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 2.2% | 2.2% | 0.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 7.3% | 7.3% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.3% | 2.3% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 4.8% | 4.8% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.6% | 1.6% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 2.2% | 2.2% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for JELD-WEN
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 122.33 |
| Mkt Cap | 7.2 |
| Rev LTM | 3,146 |
| Op Inc LTM | 445 |
| FCF LTM | 319 |
| FCF 3Y Avg | 416 |
| CFO LTM | 465 |
| CFO 3Y Avg | 546 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.4% |
| Rev Chg 3Y Avg | -2.2% |
| Rev Chg Q | 0.1% |
| QoQ Delta Rev Chg LTM | 0.1% |
| Op Mgn LTM | 18.2% |
| Op Mgn 3Y Avg | 15.9% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 14.0% |
| CFO/Rev 3Y Avg | 14.8% |
| FCF/Rev LTM | 11.9% |
| FCF/Rev 3Y Avg | 12.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.2 |
| P/S | 2.5 |
| P/EBIT | 15.4 |
| P/E | 26.2 |
| P/CFO | 12.1 |
| Total Yield | 4.1% |
| Dividend Yield | 0.8% |
| FCF Yield 3Y Avg | 4.6% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.0% |
| 3M Rtn | -1.5% |
| 6M Rtn | 2.1% |
| 12M Rtn | -4.5% |
| 3Y Rtn | 68.9% |
| 1M Excs Rtn | -0.0% |
| 3M Excs Rtn | -9.2% |
| 6M Excs Rtn | -12.6% |
| 12M Excs Rtn | -19.3% |
| 3Y Excs Rtn | 2.7% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11062025 | 10-Q 9/27/2025 |
| 6302025 | 8062025 | 10-Q 6/28/2025 |
| 3312025 | 5082025 | 10-Q 3/29/2025 |
| 12312024 | 2202025 | 10-K 12/31/2024 |
| 9302024 | 11062024 | 10-Q 9/28/2024 |
| 6302024 | 8062024 | 10-Q 6/29/2024 |
| 3312024 | 5072024 | 10-Q 3/30/2024 |
| 12312023 | 2202024 | 10-K 12/31/2023 |
| 9302023 | 11072023 | 10-Q 9/30/2023 |
| 6302023 | 8082023 | 10-Q 7/1/2023 |
| 3312023 | 5092023 | 10-Q 4/1/2023 |
| 12312022 | 2212023 | 10-K 12/31/2022 |
| 9302022 | 11012022 | 10-Q 9/24/2022 |
| 6302022 | 8012022 | 10-Q 6/25/2022 |
| 3312022 | 5022022 | 10-Q 3/26/2022 |
| 12312021 | 2222022 | 10-K 12/31/2021 |
External Quote Links
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