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): $175.5Market Cap: $7.2 BilSector: IndustrialsIndustry: Building Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal 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 generationCFO/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 volatilityVol 12M is 29% Megatrend and thematic driversMegatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, and Energy Efficient Building Materials. | Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -48% | Key risksSSD key risks include [1] a reliance on a limited number of large customers, Show more. |
| Attractive yieldTotal 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 generationCFO/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 volatilityVol 12M is 29% |
| Megatrend and thematic driversMegatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, and Energy Efficient Building Materials. |
| Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -48% |
| Key risksSSD key risks include [1] a reliance on a limited number of large customers, Show more. |
Qualitative Assessment
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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.
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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) | 6302026 | 10182026 | Change |
|---|---|---|---|
| Stock Price ($) | 208.67 | 176.41 | -15.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,382 | 2,422 | 1.7% |
| Net Income Margin (%) | 14.9% | 15.6% | 4.9% |
| P/E Multiple | 24.2 | 19.1 | -21.2% |
| Shares Outstanding (Mil) | 41 | 41 | 0.6% |
| Cumulative Contribution | -15.5% |
Market Drivers
6/30/2026 to 10/18/2026| Return | Correlation | |
|---|---|---|
| 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) | 3312026 | 10182026 | Change |
|---|---|---|---|
| Stock Price ($) | 170.78 | 176.41 | 3.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,333 | 2,422 | 3.8% |
| Net Income Margin (%) | 14.8% | 15.6% | 5.8% |
| P/E Multiple | 20.6 | 19.1 | -7.5% |
| Shares Outstanding (Mil) | 42 | 41 | 1.7% |
| Cumulative Contribution | 3.3% |
Market Drivers
3/31/2026 to 10/18/2026| Return | Correlation | |
|---|---|---|
| SSD | 3.3% | |
| 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) | 9302025 | 10182026 | Change |
|---|---|---|---|
| Stock Price ($) | 166.05 | 176.41 | 6.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,275 | 2,422 | 6.5% |
| Net Income Margin (%) | 14.5% | 15.6% | 7.7% |
| P/E Multiple | 21.0 | 19.1 | -9.0% |
| Shares Outstanding (Mil) | 42 | 41 | 1.8% |
| Cumulative Contribution | 6.2% |
Market Drivers
9/30/2025 to 10/18/2026| Return | Correlation | |
|---|---|---|
| SSD | 6.2% | |
| 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) | 9302023 | 10182026 | Change |
|---|---|---|---|
| Stock Price ($) | 146.63 | 176.41 | 20.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,161 | 2,422 | 12.1% |
| Net Income Margin (%) | 15.8% | 15.6% | -0.8% |
| P/E Multiple | 18.3 | 19.1 | 3.9% |
| Shares Outstanding (Mil) | 43 | 41 | 4.2% |
| Cumulative Contribution | 20.3% |
Market Drivers
9/30/2023 to 10/18/2026| Return | Correlation | |
|---|---|---|
| SSD | 20.3% | |
| Market (SPY) | 84.7% | 45.5% |
| Sector (XLI) | 72.1% | 57.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SSD Return | 50% | -36% | 125% | -16% | -2% | 9% | 97% |
| Peers Return | 47% | -28% | 62% | -10% | -15% | -8% | 20% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| SSD Win Rate | 58% | 42% | 75% | 42% | 42% | 50% | |
| Peers Win Rate | 60% | 37% | 57% | 45% | 47% | 46% | |
| S&P 500 Win Rate | 75% | 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
| Event | SSD | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -19.4% | -18.8% |
| % Gain to Breakeven | 24.1% | 23.1% |
| Time to Breakeven | 112 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -20.9% | -9.5% |
| % Gain to Breakeven | 26.4% | 10.5% |
| Time to Breakeven | 28 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -42.4% | -24.5% |
| % Gain to Breakeven | 73.6% | 32.4% |
| Time to Breakeven | 230 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.2% | -33.7% |
| % Gain to Breakeven | 72.9% | 50.9% |
| Time to Breakeven | 72 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -30.2% | -19.2% |
| % Gain to Breakeven | 43.2% | 23.8% |
| Time to Breakeven | 295 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -16.5% | -12.2% |
| % Gain to Breakeven | 19.7% | 13.9% |
| Time to Breakeven | 52 days | 62 days |
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.
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Asset Allocation
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| Event | SSD | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -20.9% | -9.5% |
| % Gain to Breakeven | 26.4% | 10.5% |
| Time to Breakeven | 28 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -42.4% | -24.5% |
| % Gain to Breakeven | 73.6% | 32.4% |
| Time to Breakeven | 230 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.2% | -33.7% |
| % Gain to Breakeven | 72.9% | 50.9% |
| Time to Breakeven | 72 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -30.2% | -19.2% |
| % Gain to Breakeven | 43.2% | 23.8% |
| Time to Breakeven | 295 days | 105 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -30.4% | -15.4% |
| % Gain to Breakeven | 43.6% | 18.2% |
| Time to Breakeven | 499 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -49.5% | -53.4% |
| % Gain to Breakeven | 98.1% | 114.4% |
| Time to Breakeven | 142 days | 1085 days |
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.
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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.)
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- 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.
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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.
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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.
- 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.
- 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.
- 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.
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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.
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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.
Peer Outperformance in Building Products
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 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 |
| Industry | Names | 1Y med | 3Y med | 5Y 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% |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 85.38 |
| Mkt Cap | 6.5 |
| Rev LTM | 10,341 |
| Op Inc LTM | 543 |
| FCF LTM | 554 |
| FCF 3Y Avg | 665 |
| CFO LTM | 736 |
| CFO 3Y Avg | 926 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.9% |
| Rev Chg 3Y Avg | -1.5% |
| Rev Chg Q | 1.5% |
| QoQ Delta Rev Chg LTM | 0.4% |
| Op Inc Chg LTM | -2.7% |
| Op Inc Chg 3Y Avg | -2.5% |
| Op Mgn LTM | 11.5% |
| Op Mgn 3Y Avg | 11.2% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 10.7% |
| CFO/Rev 3Y Avg | 11.2% |
| FCF/Rev LTM | 8.8% |
| FCF/Rev 3Y Avg | 8.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Wood construction products | 1,968 | 1,900 | 1,891 | 1,832 | 1,361 |
| Concrete construction products | 361 | 331 | 320 | 282 | 211 |
| Other | 4 | 2 | 2 | 2 | 1 |
| Total | 2,333 | 2,232 | 2,214 | 2,116 | 1,573 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| North America | 109 | 95 | 85 | 72 | 75 |
| Europe | 4 | 5 | 1 | -8 | 1 |
| Administrative and All Other | -1 | ||||
| Asia Pacific | -3 | -2 | -2 | -3 | -1 |
| Administrative & All Other | 1 | -2 | 1 | -1 | |
| Total | 109 | 99 | 81 | 62 | 74 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| North America | 748 | 680 | 627 | 584 | 540 |
| Europe | 168 | 180 | 201 | 194 | 180 |
| Asia Pacific | 24 | 30 | 32 | 30 | 29 |
| Administrative and All Other | 20 | ||||
| Administrative & All Other | 84 | 93 | 82 | 87 | |
| Total | 961 | 973 | 954 | 890 | 836 |
Price Behavior
| Market Price | $176.41 | |
| Market Cap ($ Bil) | 7.2 | |
| First Trading Date | 05/26/1994 | |
| Distance from 52W High | -15.7% | |
| 50 Days | 200 Days | |
| DMA Price | $179.42 | $184.27 |
| DMA Trend | down | indeterminate |
| Distance from DMA | -1.7% | -4.3% |
| 3M | 1YR | |
| Volatility | 25.0% | 28.8% |
| Downside Capture | 138.60 | 97.06 |
| Upside Capture | 90.99 | 86.31 |
| Correlation (S&P 500) | 41.2% | 40.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.14 | 1.29 | 1.08 | 1.07 | 0.89 | 0.91 |
| Up Beta | 0.13 | 1.42 | 0.24 | 1.26 | 1.01 | 0.94 |
| Down Beta | 2.62 | 2.51 | 1.48 | 1.25 | 1.05 | 0.77 |
| Up Capture | 83% | 73% | 74% | 74% | 65% | 70% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 10 | 19 | 29 | 63 | 122 | 372 |
| Down Capture | 167% | 178% | 192% | 116% | 90% | 102% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 23 | 35 | 63 | 129 | 379 |
[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 | |
|---|---|---|---|---|
| SSD | 4.5% | 28.8% | 0.14 | - |
| Sector ETF (XLI) | 10.9% | 17.2% | 0.43 | 58.8% |
| Equity (SPY) | 15.8% | 12.7% | 0.86 | 39.8% |
| Gold (GLD) | -1.4% | 29.4% | -0.05 | 16.0% |
| Commodities (DBC) | 52.4% | 20.7% | 1.92 | -30.0% |
| Real Estate (VNQ) | 4.8% | 13.7% | 0.09 | 37.4% |
| Bitcoin (BTCUSD) | -26.5% | 43.6% | -0.59 | 8.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SSD | |
|---|---|---|---|---|
| SSD | 10.1% | 31.6% | 0.34 | - |
| Sector ETF (XLI) | 12.3% | 17.6% | 0.53 | 61.9% |
| Equity (SPY) | 13.2% | 17.1% | 0.59 | 54.4% |
| Gold (GLD) | 18.4% | 18.9% | 0.79 | 9.0% |
| Commodities (DBC) | 9.9% | 19.5% | 0.39 | 1.8% |
| Real Estate (VNQ) | 1.6% | 18.8% | -0.02 | 53.0% |
| Bitcoin (BTCUSD) | 8.6% | 51.8% | 0.34 | 23.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SSD | |
|---|---|---|---|---|
| SSD | 16.0% | 32.5% | 0.53 | - |
| Sector ETF (XLI) | 13.0% | 20.0% | 0.57 | 62.5% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 56.5% |
| Gold (GLD) | 12.3% | 16.4% | 0.61 | 4.8% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 11.9% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 51.7% |
| Bitcoin (BTCUSD) | 63.1% | 66.2% | 1.03 | 16.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/27/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/27/2026 | 2.6% | -0.6% | -3.4% |
| 4/27/2026 | 2.5% | 0.1% | 2.3% |
| 2/9/2026 | 5.0% | 5.1% | -7.8% |
| 10/27/2025 | 6.0% | -1.2% | -5.5% |
| 7/28/2025 | 10.6% | 8.8% | 17.1% |
| 4/28/2025 | 0.2% | 0.5% | -0.6% |
| 2/10/2025 | 1.5% | 5.8% | -5.8% |
| 10/21/2024 | -5.5% | -0.4% | -3.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 14 |
| # Negative | 11 | 11 | 10 |
| Median Positive | 6.3% | 6.0% | 4.1% |
| Median Negative | -4.7% | -1.2% | -5.3% |
| Max Positive | 10.6% | 11.4% | 20.9% |
| Max Negative | -8.6% | -7.0% | -7.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/27/2026 | 2.6% | -0.6% | -3.4% |
| 4/27/2026 | 2.5% | 0.1% | 2.3% |
| 2/9/2026 | 5.0% | 5.1% | -7.8% |
| 10/27/2025 | 6.0% | -1.2% | -5.5% |
| 7/28/2025 | 10.6% | 8.8% | 17.1% |
| 4/28/2025 | 0.2% | 0.5% | -0.6% |
| 2/10/2025 | 1.5% | 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% |
| 7/24/2023 | 6.4% | 5.5% | 2.3% |
| 4/24/2023 | 9.4% | 11.4% | 8.8% |
| 2/6/2023 | 7.8% | 6.3% | 2.6% |
| 10/24/2022 | 7.8% | 9.3% | 18.2% |
| 7/25/2022 | -2.4% | -0.3% | -6.2% |
| 4/25/2022 | -1.7% | -1.6% | -5.1% |
| 2/7/2022 | 10.4% | 7.2% | 8.0% |
| 10/25/2021 | -8.1% | -5.0% | 3.3% |
| 7/26/2021 | -2.4% | -0.3% | 2.0% |
| 4/26/2021 | 6.3% | 7.4% | 4.0% |
| 2/8/2021 | -7.4% | -7.0% | 4.2% |
| 10/26/2020 | -4.7% | -2.5% | 0.5% |
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 14 |
| # Negative | 11 | 11 | 10 |
| Median Positive | 6.3% | 6.0% | 4.1% |
| Median Negative | -4.7% | -1.2% | -5.3% |
| Max Positive | 10.6% | 11.4% | 20.9% |
| Max Negative | -8.6% | -7.0% | -7.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/10/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/28/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/07/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/25/2020 | 10-K |
| 09/30/2019 | 11/06/2019 | 10-Q |
Recent Forward Guidance
Updated 10/8/2026Latest: Q2 2026 Earnings Reported 7/27/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Gain on sale of vacant land | Reported | 10.00 Mil | 11.00 Mil | 12.00 Mil | 0 | Affirmed | Guidance: 11.00 Mil for 2026 | |
| 2026 Operating Margin | Reported | 19.7% | 20.1% | 20.5% | 0.1% | Raised | Guidance: 20.0% for 2026 | |
| 2026 Effective Tax Rate | Reported | 25.0% | 25.5% | 26.0% | 0 | Affirmed | Guidance: 25.5% for 2026 | |
| 2026 Capital Expenditures | Reported | 80.00 Mil | 85.00 Mil | 90.00 Mil | 6.2% | Raised | Guidance: 80.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 4/27/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Projected gain on sale of vacant land | Reported | 10.00 Mil | 11.00 Mil | 12.00 Mil | ||||
| 2026 Consolidated operating margin | Reported | 19.5% | 20.0% | 20.5% | 0 | Affirmed | Guidance: 20.0% for 2026 | |
| 2026 Effective tax rate | Reported | 25.0% | 25.5% | 26.0% | 0 | Affirmed | Guidance: 25.5% for 2026 | |
| 2026 Capital expenditures | Reported | 75.00 Mil | 80.00 Mil | 85.00 Mil | 0 | Affirmed | Guidance: 80.00 Mil for 2026 | |
Q4 2025 Earnings Reported 2/9/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Consolidated Operating Margin | Reported | 19.5% | 20.0% | 20.5% | 0.5% | Higher New | Guidance: 19.5% for 2025 | |
| 2026 Effective Tax Rate | Reported | 25.0% | 25.5% | 26.0% | -0.5% | Lower New | Guidance: 26.0% for 2025 | |
| 2026 Capital Expenditures | Reported | 75.00 Mil | 80.00 Mil | 85.00 Mil | -48.4% | Lower New | Guidance: 155.00 Mil for 2025 | |
Q3 2025 Earnings Reported 10/27/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Annualized Cost Savings | Reported | 30.00 Mil | ||||||
| 2025 One-time Charges | Reported | 9.00 Mil | 10.50 Mil | 12.00 Mil | ||||
| 2025 Operating Margin | Reported | 19.0% | 19.5% | 20.0% | 0.0% | Affirmed | Guidance: 19.5% for 2025 | |
| 2025 Effective Tax Rate | Reported | 25.5% | 26.0% | 26.5% | 0.0% | Affirmed | Guidance: 26.0% for 2025 | |
| 2025 Capital Expenditures | Reported | 150.00 Mil | 155.00 Mil | 160.00 Mil | 3.3% | Raised | Guidance: 150.00 Mil for 2025 | |
Insider Activity
Updated 9/11/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Olosky, Michael | President and CEO | Direct | Sell | 9112026 | 172.84 | 3,502 | 605,286 | 8,883,630 | Form |
| 2 | Andrasick, James S | Direct | Sell | 8052026 | 195.62 | 800 | 156,496 | 11,933 | Form | |
| 3 | Donaldson, Philip E | Direct | Sell | 12152025 | 168.16 | 2,375 | 399,380 | 1,023,422 | Form | |
| 4 | Andrasick, James S | Direct | Sell | 11122025 | 170.00 | 600 | 102,000 | 31,110 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Olosky, Michael | President and CEO | Direct | Sell | 9112026 | 172.84 | 3,502 | 605,286 | 8,883,630 | Form |
| 2 | Andrasick, James S | Direct | Sell | 8052026 | 195.62 | 800 | 156,496 | 11,933 | Form | |
| 3 | Donaldson, Philip E | Direct | Sell | 12152025 | 168.16 | 2,375 | 399,380 | 1,023,422 | Form | |
| 4 | Andrasick, James S | Direct | Sell | 11122025 | 170.00 | 600 | 102,000 | 31,110 | Form |
Investor Activity (13F)
Updated Oct 19, 2026Active 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 Manager |
|---|
Simpson Manufacturing — Investor Video Playlist






Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Building Products Resources |
| Building Design+Construction |
| Construction Dive |
| Architectural Record |
External Quote Links
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| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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