Simpson Manufacturing (SSD)


Market Price (10/19/2026): $175.5 | Market Cap: $7.2 BilSector: Industrials | Industry: Building Products

Simpson Manufacturing (SSD)


Market Price (10/19/2026): $175.5
Market Cap: $7.2 Bil
Sector: Industrials
Industry: Building Products

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, FCF Yield is 6.5%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%

Low stock price volatility
Vol 12M is 29%

Megatrend and thematic drivers
Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, and Energy Efficient Building Materials.

Weak multi-year price returns
2Y Excs Rtn is -38%, 3Y Excs Rtn is -48%

Key risks
SSD key risks include [1] a reliance on a limited number of large customers, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, FCF Yield is 6.5%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%
2 Low stock price volatility
Vol 12M is 29%
3 Megatrend and thematic drivers
Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, and Energy Efficient Building Materials.
4 Weak multi-year price returns
2Y Excs Rtn is -38%, 3Y Excs Rtn is -48%
5 Key risks
SSD key risks include [1] a reliance on a limited number of large customers, Show more.

SSD in ETFs

Weight = SSD's share of each fund

VTI0.01%
ITOT0.01%
IWB0.01%
IJH0.21%
VIG0.03%
VB0.09%
VBK0.22%
IJJ0.22%
+20 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/1/2026

Simpson Manufacturing (SSD) stock has lost about 15% since 6/30/2026 because of the following key factors:

1. Elevated Interest Rates and Federal Reserve Policy Tightening. The U.S. Federal Reserve's decision to raise interest rates on September 16, 2026, significantly increased borrowing costs across the economy, directly impacting the construction industry. The 30-year fixed mortgage rate remained elevated around 6.5% during fiscal Q3 2026, which curtails housing affordability and demand for new construction projects. Higher interest rates also raise financing costs for developers and builders, constraining project viability and leading to delays or cancellations of new construction starts.

2. Slowdown in Housing Starts and Building Permits. The broader housing market experienced a deceleration, with U.S. housing starts in fiscal Q2 2026 averaging 1.35 million (seasonally adjusted annual rate), a 5% decrease from fiscal Q1 2026. Single-family starts fell 4.6%, and building permit activity also slowed, declining 1% relative to fiscal Q2 2025 and 2% from the prior quarter. This trend indicates a challenging environment for residential construction, a core market for Simpson Manufacturing's products. Forecasts for calendar year 2026 projected only a 0.5% increase in housing starts, followed by a projected decline in 2027, signaling persistent headwinds for the sector.

Show more
Updated on 10/1/2026

Simpson Manufacturing (SSD) stock has lost about 15% since 6/30/2026 because of the following key factors:

1. Elevated Interest Rates and Federal Reserve Policy Tightening. The U.S. Federal Reserve's decision to raise interest rates on September 16, 2026, significantly increased borrowing costs across the economy, directly impacting the construction industry. The 30-year fixed mortgage rate remained elevated around 6.5% during fiscal Q3 2026, which curtails housing affordability and demand for new construction projects. Higher interest rates also raise financing costs for developers and builders, constraining project viability and leading to delays or cancellations of new construction starts.

2. Slowdown in Housing Starts and Building Permits. The broader housing market experienced a deceleration, with U.S. housing starts in fiscal Q2 2026 averaging 1.35 million (seasonally adjusted annual rate), a 5% decrease from fiscal Q1 2026. Single-family starts fell 4.6%, and building permit activity also slowed, declining 1% relative to fiscal Q2 2025 and 2% from the prior quarter. This trend indicates a challenging environment for residential construction, a core market for Simpson Manufacturing's products. Forecasts for calendar year 2026 projected only a 0.5% increase in housing starts, followed by a projected decline in 2027, signaling persistent headwinds for the sector.

3. Persistent High Material Costs and Labor Shortages. The construction industry continued to grapple with stubbornly high input prices due to ongoing inflation and tariffs, which were expected to remain between 25% and 30% for U.S. construction goods in 2026. Concurrently, a shortage of skilled labor has driven up labor costs. These combined pressures increase overall construction expenses, impacting project profitability for builders and potentially reducing the volume of new projects, thereby affecting demand for structural connectors and building solutions.

4. Increased Economic Uncertainty. The Federal Reserve's actions, coupled with persistent inflation, fostered a climate of uncertainty regarding future economic growth and monetary policy. This uncertainty has prompted developers and property owners to delay investment decisions and postpone new projects until financing conditions and market stability improve. Such caution in capital commitments directly influences the pipeline of construction work, leading to a more competitive and potentially leaner market for building material suppliers like Simpson Manufacturing.

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Stock Movement Drivers

Fundamental Drivers

The -15.5% change in SSD stock from 6/30/2026 to 10/18/2026 was primarily driven by a -21.2% change in the company's P/E Multiple.
(LTM values as of)630202610182026Change
Stock Price ($)208.67176.41-15.5%
Change Contribution By: 
Total Revenues ($ Mil)2,3822,4221.7%
Net Income Margin (%)14.9%15.6%4.9%
P/E Multiple24.219.1-21.2%
Shares Outstanding (Mil)41410.6%
Cumulative Contribution-15.5%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/18/2026
ReturnCorrelation
SSD-15.5% 
Market (SPY)2.2%41.3%
Sector (XLI)-9.4%64.0%

Fundamental Drivers

The 3.3% change in SSD stock from 3/31/2026 to 10/18/2026 was primarily driven by a 5.8% change in the company's Net Income Margin (%).
(LTM values as of)331202610182026Change
Stock Price ($)170.78176.413.3%
Change Contribution By: 
Total Revenues ($ Mil)2,3332,4223.8%
Net Income Margin (%)14.8%15.6%5.8%
P/E Multiple20.619.1-7.5%
Shares Outstanding (Mil)42411.7%
Cumulative Contribution3.3%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/18/2026
ReturnCorrelation
SSD3.3% 
Market (SPY)17.7%43.2%
Sector (XLI)4.0%63.9%

Fundamental Drivers

The 6.2% change in SSD stock from 9/30/2025 to 10/18/2026 was primarily driven by a 7.7% change in the company's Net Income Margin (%).
(LTM values as of)930202510182026Change
Stock Price ($)166.05176.416.2%
Change Contribution By: 
Total Revenues ($ Mil)2,2752,4226.5%
Net Income Margin (%)14.5%15.6%7.7%
P/E Multiple21.019.1-9.0%
Shares Outstanding (Mil)42411.8%
Cumulative Contribution6.2%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/18/2026
ReturnCorrelation
SSD6.2% 
Market (SPY)15.5%39.6%
Sector (XLI)9.7%59.2%

Fundamental Drivers

The 20.3% change in SSD stock from 9/30/2023 to 10/18/2026 was primarily driven by a 12.1% change in the company's Total Revenues ($ Mil).
(LTM values as of)930202310182026Change
Stock Price ($)146.63176.4120.3%
Change Contribution By: 
Total Revenues ($ Mil)2,1612,42212.1%
Net Income Margin (%)15.8%15.6%-0.8%
P/E Multiple18.319.13.9%
Shares Outstanding (Mil)43414.2%
Cumulative Contribution20.3%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/18/2026
ReturnCorrelation
SSD20.3% 
Market (SPY)84.7%45.5%
Sector (XLI)72.1%57.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SSD Return50%-36%125%-16%-2%9%97%
Peers Return47%-28%62%-10%-15%-8%20%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
SSD Win Rate58%42%75%42%42%50% 
Peers Win Rate60%37%57%45%47%46% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SSD Max Drawdown-12%-45%-23%-25%-21%-20% 
Peers Max Drawdown-20%-42%-24%-24%-34%-37% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: UFPI, ITW, SWK, BLDR, FBIN. See SSD Returns vs. Peers.
[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] 2026 data is for the year up to 10/16/2026 (YTD)

How Low Can It Go

EventSSDS&P 500
2025 US Tariff Shock
  % Loss-19.4%-18.8%
  % Gain to Breakeven24.1%23.1%
  Time to Breakeven112 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-20.9%-9.5%
  % Gain to Breakeven26.4%10.5%
  Time to Breakeven28 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-42.4%-24.5%
  % Gain to Breakeven73.6%32.4%
  Time to Breakeven230 days427 days
2020 COVID-19 Crash
  % Loss-42.2%-33.7%
  % Gain to Breakeven72.9%50.9%
  Time to Breakeven72 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-30.2%-19.2%
  % Gain to Breakeven43.2%23.8%
  Time to Breakeven295 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-16.5%-12.2%
  % Gain to Breakeven19.7%13.9%
  Time to Breakeven52 days62 days

Compare to UFPI, ITW, SWK, BLDR, FBIN

In The Past

Simpson Manufacturing's stock fell -19.4% during the 2025 US Tariff Shock. Such a loss loss requires a 24.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSSDS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-20.9%-9.5%
  % Gain to Breakeven26.4%10.5%
  Time to Breakeven28 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-42.4%-24.5%
  % Gain to Breakeven73.6%32.4%
  Time to Breakeven230 days427 days
2020 COVID-19 Crash
  % Loss-42.2%-33.7%
  % Gain to Breakeven72.9%50.9%
  Time to Breakeven72 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-30.2%-19.2%
  % Gain to Breakeven43.2%23.8%
  Time to Breakeven295 days105 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-30.4%-15.4%
  % Gain to Breakeven43.6%18.2%
  Time to Breakeven499 days125 days
2008-2009 Global Financial Crisis
  % Loss-49.5%-53.4%
  % Gain to Breakeven98.1%114.4%
  Time to Breakeven142 days1085 days

Compare to UFPI, ITW, SWK, BLDR, FBIN

In The Past

Simpson Manufacturing's stock fell -19.4% during the 2025 US Tariff Shock. Such a loss loss requires a 24.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Simpson Manufacturing (SSD)

Simpson Manufacturing Co., Inc. (SSD) is a global company that designs, engineers, manufactures, and sells a wide array of products essential for construction. The company's core business revolves around providing structural solutions for both wood and concrete applications, enabling safer and more efficient building practices across various construction types.

The company's product lines are extensive. For wood construction, SSD offers critical components like connectors, truss plates, fastening systems, and shearwalls, primarily used in light-frame construction. In the concrete segment, products include specialty chemicals, adhesives, mechanical anchors, repair and strengthening materials such as grouts and fiber-reinforced polymer systems, and tools. Additionally, Simpson Manufacturing provides valuable engineering and design services, alongside software solutions that aid in the selection and application of its products.

Simpson Manufacturing serves a broad spectrum of customers and markets globally. Its products are utilized in residential construction, light industrial and commercial projects, remodeling ventures, and by do-it-yourself (DIY) enthusiasts. With a significant international presence, the company distributes its offerings across North America, Europe, Australia, New Zealand, and several countries in Asia, making it a crucial supplier to the construction industry worldwide.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Simpson Manufacturing (SSD):

  • Hilti for wood and concrete structural connections. (Hilti is well-known for its anchoring, fastening, and tool systems in concrete construction; Simpson Manufacturing specializes in a broader range of engineered structural connections for both wood and concrete.)
  • The "Intel Inside" for buildings. (Just as Intel provides critical, often unseen, components that make computers function, Simpson Manufacturing provides the essential, hidden structural connectors, fasteners, and anchoring systems that ensure buildings are strong and safe.)

AI Analysis | Feedback

  • Wood Construction Products: Simpson Manufacturing provides a wide range of connectors, fasteners, and lateral systems designed for light-frame and timber construction.
  • Concrete Construction Products: The company offers adhesives, anchors, specialty chemicals, tools, and repair materials for concrete, masonry, and steel applications.
  • Engineering and Design Services: Simpson Manufacturing delivers expert engineering and design assistance to support the specification and use of its construction products.
  • Software Solutions: The company develops software tools to help customers efficiently select and apply its various construction products.

AI Analysis | Feedback

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Michael Olosky, President and Chief Executive Officer

Mr. Olosky has served as the President and Chief Executive Officer of Simpson Manufacturing Co., Inc. since January 2023. Previously, he was President and Chief Operating Officer from January 2022 to December 2022, and Chief Operating Officer from November 2020 to January 2022. Before joining Simpson, Mr. Olosky spent over 22 years in various leadership positions at Henkel, a global chemical and consumer goods company. His most recent role at Henkel was Regional President, Henkel North America and Head of the Electronics and Industrial Division. His experience at Henkel includes more than nine years of international operations leadership.

Matt Dunn, Chief Financial Officer and Treasurer

Mr. Dunn was appointed Chief Financial Officer and Treasurer, effective January 1, 2025. He joined Simpson Manufacturing Co., Inc. in June 2024 as the Senior Vice President – Finance. Prior to joining Simpson, Mr. Dunn served as Senior Vice President of Finance for North America at Helen of Troy, a global consumer products company. His professional background also includes leading the retaining wall division at Inventure Group, a privately held civil construction products company, and 12 years in finance at Procter & Gamble, following three years in operations finance at Kimberly-Clark.

Cassandra Payton, Executive Vice President, General Counsel

Ms. Payton has served as the Executive Vice President, General Counsel since December 1, 2023. She joined Simpson Manufacturing Co., Inc. in August 2021 as Assistant General Counsel, and was promoted to Vice President, Legal in October 2022, a role she held until December 2023. Before her time at Simpson Manufacturing Co., Inc., Ms. Payton was Associate General Counsel at Dine Brands Global from May 2018 to July 2021.

Jeremy Gilstrap, Executive Vice President, Innovation

Mr. Gilstrap has served as the Executive Vice President, Innovation since January 2023. He began his career with Simpson Strong-Tie in 2001 as a branch engineer. Over the years, he held various positions including Manager of Engineering Research and Development, and established the Engineering Services Division. He also served as Vice President of Engineering, General Manager of the Concrete Construction Products division, and Northwest Regional Vice President.

Phil Burton, Executive Vice President, North America

Mr. Burton has served as the Executive Vice President, North America since January 2023. He joined Simpson Strong-Tie in 1994 as a Sales Manager. In 2004, he was promoted to Vice President, Branch Manager of the McKinney, Texas branch, a position he held until January 2023. In his current role, he is responsible for overseeing all North American operations.

AI Analysis | Feedback

The key risks to Simpson Manufacturing Co., Inc. (SSD) are primarily tied to the cyclical nature of the construction industry, its reliance on raw materials, and the competitive market landscape.

  1. Cyclicality of the Construction and Housing Markets: Simpson Manufacturing's financial performance is highly susceptible to the cyclicality of the construction industry, particularly the residential housing market in North America and Europe. Downturns in housing starts, economic fluctuations, changing interest rates, or reduced consumer confidence can significantly impact the demand for the company's wood and concrete construction products, thereby affecting revenue and profitability. A recession or slowdown in the housing market can lead to reduced demand for its products, and it took 8 years for the company's profit to reach a new high after the Great Financial Crisis.
  2. Raw Material Dependency, Costs, and Supply Chain Disruptions: The company is highly dependent on raw materials, especially steel, which exposes it to price volatility in these commodities. Tariffs on imported fastener and anchor products, as well as rising input and freight costs, have negatively impacted gross margins. Simpson Manufacturing may not always be able to pass these increased costs onto its customers, potentially leading to margin compression.
  3. Intense Competition and Market Saturation: Operating in an increasingly saturated market for construction products, Simpson Manufacturing faces significant competition. To maintain its market position and profitability, the company must continually innovate and differentiate its product offerings. This competitive landscape poses an ongoing threat to its market share.

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The addressable markets for Simpson Manufacturing's main products are as follows:

  • Wood Connectors & Truss: The addressable market for wood connectors and truss products was estimated at $3.8 billion as of October 2023. This market size includes North America, Europe, and the Pacific Rim.
  • Fasteners: The addressable market for fasteners was estimated at $5.1 billion as of October 2023. This market size includes North America, Europe, and the Pacific Rim.
  • Concrete & Steel Connections (including anchors and repair products): The addressable market for concrete and steel connections was estimated at $2.8 billion as of October 2023. This market size includes North America, Europe, and the Pacific Rim.

AI Analysis | Feedback

Simpson Manufacturing Co., Inc. (SSD) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives and market advantages:

  • Above-Market Volume Growth and Market Share Gains: Simpson Manufacturing has consistently demonstrated its ability to achieve above-market volume growth, particularly in North America, often outperforming U.S. housing starts. The company aims for continued share gains across its various end markets and product lines, including increased shelf space and enhanced penetration with its innovative fastener solutions.
  • Strategic Investments in Capacity Expansion: The company is significantly investing in expanding its production capabilities. This includes the operational Columbus, Ohio facility and a new facility in Gallatin, Tennessee, slated to launch in the latter half of 2025. These capacity expansions are designed to support substantial growth, especially in fastener sales, and meet increasing customer demand.
  • Acquisition Strategy and Geographic Expansion: Simpson Manufacturing leverages strategic acquisitions to expand its market reach and product offerings. Notable is the 2022 acquisition of ETANCO, which broadened the company's European presence and product lines, contributing to sales growth in both Europe and North America. The company continues to explore further strategic merger and acquisition opportunities.
  • New Product Launches and Innovation: A key driver for future revenue is the company's commitment to innovation. Management has invested in a record number of new product launches and focuses on customer-centric solutions. This ongoing product development extends across structural connectors, fastening systems, anchoring, and other building solutions, allowing Simpson Manufacturing to maintain a leadership position.
  • Expansion of Digital Solutions: Simpson Manufacturing is investing in developing and expanding its digital solutions. These initiatives are aimed at enhancing operational efficiency, providing better support for customer needs, and broadening digital offerings for professional suppliers and builders, thereby driving future growth.

AI Analysis | Feedback

Capital Allocation Decisions for Simpson Manufacturing (SSD)

Share Repurchases

  • Simpson Manufacturing repurchased $120.0 million in common stock during 2025, fulfilling the previously authorized amount for the fiscal year.
  • The company spent $100 million on share buybacks in 2024, entirely funded from operations.
  • The Board authorized a new share repurchase program of up to $150.0 million of common stock, effective from January 1, 2026, through December 31, 2026.

Outbound Investments

  • Acquisitions contributed approximately 1% to the company's top-line revenue growth in 2025.
  • Incremental sales from acquisitions made in 2024 also contributed to net sales increases in 2025.
  • The company continues to evaluate potential small "tuck-in" acquisitions in its markets to support key growth initiatives.

Capital Expenditures

  • Capital expenditures for the full year 2025 were $161.5 million, which included investments for facility upgrades and expansions.
  • In 2024, capital expenditures amounted to $180 million.
  • For 2026, capital expenditures are estimated to be in the range of $75.0 million to $85.0 million, expected to normalize post-expansion, with a focus on productivity-enhancing projects.

Better Bets vs. Simpson Manufacturing (SSD)

Peer Outperformance in Building Products

SSD has outperformed 69% of its 32 Building Products peers over 5Y. Among the peers that beat it are GFF and JCI. Building Products ranks 10th of 23 industries in Industrials by median 5Y return.
Share of Building Products constituents that SSD has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
67%
of 36 industry peers · 1.9% return
3Y
59%
of 34 industry peers · 35.2% return
5Y
69%
of 32 industry peers · 58.8% return
Building Products peers with revenue growth within 4pp of SSD's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
SSD Simpson Manufacturing 3.9% 19.1x 1.9%35.2%58.8% —
GFF Griffon 1.6% 22.8x 25.9%147.0%332.7% +274pp
JCI Johnson Controls International 5.4% 24.7x 35.3%211.2%122.8% +64pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Building Products is SSD's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Construction & Engineering 30 0.6%110.0%170.8% STRL 1765% · FIX 1720% · AGX 753%
Marine Transportation 5 59.5%48.6%134.6% MATX 202% · KEX 147%
Construction Machinery & Heavy Transportation Equipment 13 -2.4%49.8%87.7% CAT 302% · ALSN 244% · WAB 224%
Aerospace & Defense 51 -11.1%59.9%60.0% ATI 1013% · FTAI 796% · HWM 625%
Trading Companies & Distributors 19 8.6%33.7%41.3% DXPE 432% · AIT 254% · URI 205%
Industrial Machinery & Supplies & Components 72 10.4%51.6%38.7% CRS 1109% · MLI 491% · SYM 292%
Rail Transportation 7 30.3%66.2%35.5% CSX 52% · UNP 43% · NSC 32%
Cargo Ground Transportation 16 35.1%7.6%26.0% XPO 277% · R 216% · ARCB 56%
Diversified Support Services 34 12.0%30.7%25.2% CXW 232% · OPLN 143% · CACI 118%
Building Products ← 33 -10.5%16.9%20.5% GFF 333% · TT 178% · JCI 123%
Electrical Components & Equipment 38 -8.9%64.9%9.5% POWL 2002% · BE 940% · VRT 793%
Industrial Conglomerates 17 11.6%5.4%-5.0% CSW 113% · DD 67% · CSL 63%
Agricultural & Farm Machinery 17 1.2%-9.3%-13.6% DE 106% · TTC 11% · AGCO -4%
Environmental & Facilities Services 30 -27.8%27.1%-16.2% CECO 715% · GEO 244% · CLH 190%
Data Processing & Outsourced Services 6 -24.1%-5.9%-20.3% EXLS 57% · BR 8% · G -19%
Office Services & Supplies 9 21.2%22.3%-23.1% PBI 198% · TILE 145% · HNI 46%
Security & Alarm Services 9 -56.2%8.4%-23.2% BCO 79%
Research & Consulting Services 13 -2.1%-19.2%-24.2% HURN 247% · FCN 2% · BAH 1%
Passenger Ground Transportation 3 -23.8%64.7%-31.6% UBER 49% · CAR -32% · LYFT -67%
Air Freight & Logistics 11 -25.2%-16.0%-35.6% FDX 78% · EXPD 75% · CHRW 62%
Passenger Airlines 11 -1.4%9.6%-38.8% LTM 2989% · UAL 104% · DAL 91%
Human Resource & Employment Services 22 13.0%-19.5%-41.9% ADP 52% · PAYX 9% · FA 2%
Airport Services 4 -70.2%-69.3%-82.4% JOBY -46%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SSDUFPIITWSWKBLDRFBINMedian
NameSimpson .UFP Indu.Illinois.Stanley .Builders.Fortune . 
Mkt Price175.5078.46272.2792.3054.6740.0685.38
Mkt Cap7.24.278.013.95.94.86.5
Rev LTM2,4226,23416,46915,24814,4494,39210,341
Op Inc LTM4793154,3641,398436607543
FCF LTM4682672,9211,289639400554
FCF 3Y Avg2834012,8259011,144430665
CFO LTM5744933,3301,551898496736
CFO 3Y Avg4256293,2581,2221,502594926

Growth & Margins

SSDUFPIITWSWKBLDRFBINMedian
NameSimpson .UFP Indu.Illinois.Stanley .Builders.Fortune . 
Rev Chg LTM6.5%-4.7%4.3%0.6%-9.4%-2.3%-0.9%
Rev Chg 3Y Avg3.9%-8.2%0.8%-2.0%-8.0%-0.9%-1.5%
Rev Chg Q6.3%2.6%6.1%0.4%-8.8%-4.1%1.5%
QoQ Delta Rev Chg LTM1.7%0.8%1.5%0.1%-2.5%-1.1%0.4%
Op Inc Chg LTM7.4%-25.5%6.4%38.1%-64.5%-11.8%-2.7%
Op Inc Chg 3Y Avg0.6%-25.7%3.5%91.8%-41.9%-5.5%-2.5%
Op Mgn LTM19.8%5.0%26.5%9.2%3.0%13.8%11.5%
Op Mgn 3Y Avg19.8%6.6%26.3%7.6%7.5%14.8%11.2%
QoQ Delta Op Mgn LTM0.7%-0.4%0.1%1.1%-1.2%1.1%0.4%
CFO/Rev LTM23.7%7.9%20.2%10.2%6.2%11.3%10.7%
CFO/Rev 3Y Avg18.3%9.5%20.2%8.0%9.3%13.0%11.2%
FCF/Rev LTM19.3%4.3%17.7%8.5%4.4%9.1%8.8%
FCF/Rev 3Y Avg12.1%6.0%17.6%5.9%7.1%9.4%8.3%

Valuation

SSDUFPIITWSWKBLDRFBINMedian
NameSimpson .UFP Indu.Illinois.Stanley .Builders.Fortune . 
Mkt Cap7.24.278.013.95.94.86.5
P/S3.00.74.70.90.41.11.0
P/Op Inc15.013.417.99.913.57.913.5
P/EBIT15.012.117.610.513.516.314.3
P/E19.017.024.422.357.332.123.4
P/CFO12.58.623.48.96.59.69.3
Total Yield5.9%7.8%6.4%8.1%1.7%5.7%6.2%
Dividend Yield0.7%1.9%2.4%3.6%0.0%2.6%2.1%
FCF Yield 3Y Avg3.7%6.8%3.9%7.2%8.7%6.5%6.6%
D/E0.10.10.10.30.90.60.2
Net D/E-0.0-0.10.10.30.90.50.2

Returns

SSDUFPIITWSWKBLDRFBINMedian
NameSimpson .UFP Indu.Illinois.Stanley .Builders.Fortune . 
1M Rtn2.7%-0.9%1.7%3.0%-5.9%1.7%1.7%
3M Rtn-7.1%-8.3%-0.7%3.3%-26.4%-21.7%-7.7%
6M Rtn-0.1%-17.3%1.3%31.9%-38.2%0.4%0.1%
12M Rtn1.4%-12.1%12.0%41.9%-55.4%-18.1%-5.3%
3Y Rtn34.5%-15.0%29.4%32.0%-50.9%-26.7%7.2%
1M Excs Rtn1.7%-1.3%2.2%3.3%-5.5%0.5%1.1%
3M Excs Rtn-8.2%-10.7%-2.0%3.5%-27.7%-22.7%-9.4%
6M Excs Rtn-7.6%-24.8%-6.2%24.4%-45.7%-7.1%-7.3%
12M Excs Rtn-10.8%-27.6%-2.1%27.4%-71.5%-32.3%-19.2%
3Y Excs Rtn-48.0%-96.9%-52.0%-51.0%-131.5%-107.4%-74.5%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Wood construction products1,9681,9001,8911,8321,361
Concrete construction products361331320282211
Other42221
Total2,3332,2322,2142,1161,573


Operating Income by Segment
$ Mil20152014201320122011
North America10995857275
Europe451-81
Administrative and All Other-1    
Asia Pacific-3-2-2-3-1
Administrative & All Other 1-21-1
Total10999816274


Assets by Segment
$ Mil20152014201320122011
North America748680627584540
Europe168180201194180
Asia Pacific2430323029
Administrative and All Other20    
Administrative & All Other 84938287
Total961973954890836


Price Behavior

Price Behavior
Market Price$176.41 
Market Cap ($ Bil)7.2 
First Trading Date05/26/1994 
Distance from 52W High-15.7% 
   50 Days200 Days
DMA Price$179.42$184.27
DMA Trenddownindeterminate
Distance from DMA-1.7%-4.3%
 3M1YR
Volatility25.0%28.8%
Downside Capture138.6097.06
Upside Capture90.9986.31
Correlation (S&P 500)41.2%40.1%
SSD Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta1.141.291.081.070.890.91
Up Beta0.131.420.241.261.010.94
Down Beta2.622.511.481.251.050.77
Up Capture83%73%74%74%65%70%
Bmk +ve Days6162766132424
Stock +ve Days10192963122372
Down Capture167%178%192%116%90%102%
Bmk -ve Days16263760120328
Stock -ve Days12233563129379

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SSD
SSD4.5%28.8%0.14-
Sector ETF (XLI)10.9%17.2%0.4358.8%
Equity (SPY)15.8%12.7%0.8639.8%
Gold (GLD)-1.4%29.4%-0.0516.0%
Commodities (DBC)52.4%20.7%1.92-30.0%
Real Estate (VNQ)4.8%13.7%0.0937.4%
Bitcoin (BTCUSD)-26.5%43.6%-0.598.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SSD
SSD10.1%31.6%0.34-
Sector ETF (XLI)12.3%17.6%0.5361.9%
Equity (SPY)13.2%17.1%0.5954.4%
Gold (GLD)18.4%18.9%0.799.0%
Commodities (DBC)9.9%19.5%0.391.8%
Real Estate (VNQ)1.6%18.8%-0.0253.0%
Bitcoin (BTCUSD)8.6%51.8%0.3423.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SSD
SSD16.0%32.5%0.53-
Sector ETF (XLI)13.0%20.0%0.5762.5%
Equity (SPY)15.2%17.9%0.7256.5%
Gold (GLD)12.3%16.4%0.614.8%
Commodities (DBC)8.3%18.1%0.3711.9%
Real Estate (VNQ)5.2%20.7%0.2151.7%
Bitcoin (BTCUSD)63.1%66.2%1.0316.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity1.5 Mil
Short Interest: % Change Since 915202639.3%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest4.4 days
Basic Shares Quantity41.0 Mil
Short % of Basic Shares3.7%

Earnings Returns History

Updated 8/27/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/27/20262.6%-0.6%-3.4%
4/27/20262.5%0.1%2.3%
2/9/20265.0%5.1%-7.8%
10/27/20256.0%-1.2%-5.5%
7/28/202510.6%8.8%17.1%
4/28/20250.2%0.5%-0.6%
2/10/20251.5%5.8%-5.8%
10/21/2024-5.5%-0.4%-3.9%
...
SUMMARY STATS   
# Positive131314
# Negative111110
Median Positive6.3%6.0%4.1%
Median Negative-4.7%-1.2%-5.3%
Max Positive10.6%11.4%20.9%
Max Negative-8.6%-7.0%-7.8%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/27/20262.6%-0.6%-3.4%
4/27/20262.5%0.1%2.3%
2/9/20265.0%5.1%-7.8%
10/27/20256.0%-1.2%-5.5%
7/28/202510.6%8.8%17.1%
4/28/20250.2%0.5%-0.6%
2/10/20251.5%5.8%-5.8%
10/21/2024-5.5%-0.4%-3.9%
7/22/2024-0.8%5.8%-2.1%
4/22/2024-8.6%-5.1%-6.7%
2/5/2024-1.7%6.0%15.5%
10/23/2023-5.0%-0.6%20.9%
7/24/20236.4%5.5%2.3%
4/24/20239.4%11.4%8.8%
2/6/20237.8%6.3%2.6%
10/24/20227.8%9.3%18.2%
7/25/2022-2.4%-0.3%-6.2%
4/25/2022-1.7%-1.6%-5.1%
2/7/202210.4%7.2%8.0%
10/25/2021-8.1%-5.0%3.3%
7/26/2021-2.4%-0.3%2.0%
4/26/20216.3%7.4%4.0%
2/8/2021-7.4%-7.0%4.2%
10/26/2020-4.7%-2.5%0.5%
SUMMARY STATS   
# Positive131314
# Negative111110
Median Positive6.3%6.0%4.1%
Median Negative-4.7%-1.2%-5.3%
Max Positive10.6%11.4%20.9%
Max Negative-8.6%-7.0%-7.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202502/27/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202403/03/202510-K
09/30/202411/12/202410-Q
06/30/202408/07/202410-Q
03/31/202405/07/202410-Q
12/31/202302/28/202410-K
09/30/202311/07/202310-Q
06/30/202308/07/202310-Q
03/31/202305/08/202310-Q
12/31/202202/28/202310-K
09/30/202211/08/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202502/27/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202403/03/202510-K
09/30/202411/12/202410-Q
06/30/202408/07/202410-Q
03/31/202405/07/202410-Q
12/31/202302/28/202410-K
09/30/202311/07/202310-Q
06/30/202308/07/202310-Q
03/31/202305/08/202310-Q
12/31/202202/28/202310-K
09/30/202211/08/202210-Q
06/30/202208/10/202210-Q
03/31/202205/06/202210-Q
12/31/202102/28/202210-K
09/30/202111/04/202110-Q
06/30/202108/06/202110-Q
03/31/202105/06/202110-Q
12/31/202002/26/202110-K
09/30/202011/06/202010-Q
06/30/202008/07/202010-Q
03/31/202005/07/202010-Q
12/31/201902/25/202010-K
09/30/201911/06/201910-Q

Recent Forward Guidance

Updated 10/8/2026

Latest: Q2 2026 Earnings Reported 7/27/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Gain on sale of vacant landReported10.00 Mil11.00 Mil12.00 Mil0 AffirmedGuidance: 11.00 Mil for 2026
2026 Operating MarginReported19.7%20.1%20.5% 0.1%RaisedGuidance: 20.0% for 2026
2026 Effective Tax RateReported25.0%25.5%26.0% 0AffirmedGuidance: 25.5% for 2026
2026 Capital ExpendituresReported80.00 Mil85.00 Mil90.00 Mil6.2% RaisedGuidance: 80.00 Mil for 2026


Prior: Q1 2026 Earnings Reported 4/27/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Projected gain on sale of vacant landReported10.00 Mil11.00 Mil12.00 Mil   
2026 Consolidated operating marginReported19.5%20.0%20.5% 0AffirmedGuidance: 20.0% for 2026
2026 Effective tax rateReported25.0%25.5%26.0% 0AffirmedGuidance: 25.5% for 2026
2026 Capital expendituresReported75.00 Mil80.00 Mil85.00 Mil0 AffirmedGuidance: 80.00 Mil for 2026

Q4 2025 Earnings Reported 2/9/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Consolidated Operating MarginReported19.5%20.0%20.5% 0.5%Higher NewGuidance: 19.5% for 2025
2026 Effective Tax RateReported25.0%25.5%26.0% -0.5%Lower NewGuidance: 26.0% for 2025
2026 Capital ExpendituresReported75.00 Mil80.00 Mil85.00 Mil-48.4% Lower NewGuidance: 155.00 Mil for 2025

Q3 2025 Earnings Reported 10/27/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2025 Annualized Cost SavingsReported 30.00 Mil    
2025 One-time ChargesReported9.00 Mil10.50 Mil12.00 Mil   
2025 Operating MarginReported19.0%19.5%20.0% 0.0%AffirmedGuidance: 19.5% for 2025
2025 Effective Tax RateReported25.5%26.0%26.5% 0.0%AffirmedGuidance: 26.0% for 2025
2025 Capital ExpendituresReported150.00 Mil155.00 Mil160.00 Mil3.3% RaisedGuidance: 150.00 Mil for 2025

Insider Activity

Updated 9/11/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Olosky, MichaelPresident and CEODirectSell9112026172.843,502605,2868,883,630Form
2Andrasick, James S DirectSell8052026195.62800156,49611,933Form
3Donaldson, Philip E DirectSell12152025168.162,375399,3801,023,422Form
4Andrasick, James S DirectSell11122025170.00600102,00031,110Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Olosky, MichaelPresident and CEODirectSell9112026172.843,502605,2868,883,630Form
2Andrasick, James S DirectSell8052026195.62800156,49611,933Form
3Donaldson, Philip E DirectSell12152025168.162,375399,3801,023,422Form
4Andrasick, James S DirectSell11122025170.00600102,00031,110Form

Investor Activity (13F)

Updated Oct 19, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Maren Capital LLC$87.6 Mil4.6%19Hold13F
ValueAct Holdings, L.P.$239.9 Mil4.2%18TRIM -5.0%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
ValueAct Holdings, L.P.$239.9 Mil4.2%18TRIM -5.0%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
ValueAct Holdings, L.P.$239.9 Mil4.2%18TRIM -5.0%13F
Maren Capital LLC$87.6 Mil4.6%19Hold13F
Core Cache Last Updated: 10/18/2026