The company maintains a conservative capital structure with a debt-to-equity ratio consistently managed between 0.95 and 1.09 over the last two years.
| Metric | TTM | Jan'26 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 |
|---|
| Total Current Assets | 1.04B | 984.47M | 1.13B | 1.12B | 1.08B | 945.17M | 668.41M | 578.04M | 599.85M | 343.4M | 345.81M | 402.02M | 414.89M | 401.73M | 412.14M | 356.49M | 344.66M | 366.96M | 519.71M | 680.25M | 799.24M | 948.07M | 919.82M | 615.55M | 567.77M | 567.77M | 0 |
| Cash & Short-Term Investments | 319.09M | 385.84M | 505.62M | 521.74M | 298.94M | 85.2M | 82K | 11.64M | 8.94M | 4.7M | 5.54M | 4.81M | 4.52M | 5.03M | 5.19M | 4.9M | 14.3M | 29.46M | 150.35M | 15.76M | 27.04M | 24.32M | 15.57M | 506K | 155K | 155K | 0 |
| Cash Only | 319.09M | 385.84M | 505.62M | 521.74M | 298.94M | 85.2M | 82K | 11.64M | 8.94M | 4.7M | 5.54M | 4.81M | 4.52M | 5.03M | 5.19M | 4.9M | 14.3M | 29.46M | 150.35M | 15.76M | 27.04M | 24.32M | 15.57M | 506K | 155K | 155K | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 218.16M | 225.84M | 228.41M | 251.56M | 339.64M | 293.64M | 192.87M | 208.43M | 134.07M | 125.86M | 138.54M | 144.54M | 150.3M | 157.47M | 138.87M | 119.2M | 119.35M | 130.65M | 263.18M | 307.54M | 399.09M | 363.69M | 292.87M | 239.21M | 239.21M | 0 |
| Days Sales Outstanding | 23.47 | 26.96 | 27.92 | 26.58 | 20.63 | 28.98 | 34.6 | 26.69 | 26.57 | 26.96 | 24.42 | 26.38 | 26.65 | 25.49 | 30.13 | 28.88 | 24.11 | 26.46 | 17.16 | 25.06 | 22.91 | 25.91 | 36.14 | 25.02 | 23.38 | 23.17 | - |
| Inventory | 371.68M | 326M | 355.91M | 343.64M | 484.31M | 488.46M | 342.11M | 345.81M | 341.85M | 187.51M | 191.29M | 226.66M | 242.55M | 223.58M | 230.06M | 185.58M | 188.25M | 173.19M | 189.48M | 335.89M | 410.69M | 473.07M | 500.23M | 306.16M | 309.55M | 309.55M | 0 |
| Days Inventory Outstanding | 51.78 | 47.55 | 52.73 | 48.07 | 48.87 | 50.96 | 47.67 | 55.35 | 49.3 | 43.19 | 42.22 | 48.83 | 50.58 | 42.43 | 50.05 | 43.83 | 43.11 | 43.51 | 28.06 | 35.62 | 33.92 | 33.79 | 54.67 | 29.3 | 33.52 | 33.28 | - |
| Other Current Assets | 354.04M | 54.47M | 46.62M | 26.61M | 42.12M | 31.87M | 32.58M | 27.72M | 40.63M | 17.12M | 23.13M | 32.01M | 23.29M | 22.81M | 19.43M | 27.14M | 22.91M | 44.97M | 179.87M | 65.43M | 53.97M | 51.59M | 40.33M | 16.02M | 18.86M | 18.86M | 0 |
| Total Non-Current Assets | 553.29M | 564.81M | 443.73M | 417.2M | 413.11M | 372.29M | 379.72M | 393.39M | 360.04M | 150.69M | 98.33M | 111.12M | 124.09M | 128.52M | 132.6M | 147.43M | 180.36M | 179.89M | 212.7M | 203.18M | 205.12M | 209.57M | 217.25M | 201.09M | 217.18M | 217.18M | 0 |
| Property, Plant & Equipment | 549.04M | 341.37M | 296.78M | 263.21M | 251.33M | 230.72M | 229.85M | 250.18M | 205.11M | 83.77M | 88.32M | 101.58M | 105.27M | 111.12M | 115.35M | 123.13M | 129.63M | 137.18M | 152.78M | 172.44M | 178.25M | 184.05M | 186.98M | 201.09M | 217.13M | 217.13M | 0 |
| Fixed Asset Turnover | 7.64x | 8.65x | 9.95x | 11.92x | 17.71x | 18.54x | 13.48x | 10.54x | 13.96x | 21.67x | 21.30x | 18.87x | 18.80x | 19.37x | 16.54x | 14.26x | 13.92x | 12.00x | 18.19x | 22.23x | 27.49x | 30.55x | 19.64x | 21.24x | 17.20x | 17.36x | - |
| Goodwill | 66.37M | 67.23M | 55.37M | 55.37M | 55.37M | 47.77M | 47.77M | 47.77M | 47.77M | 47.77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 84.61M | 86.7M | 26.88M | 30.79M | 34.99M | 13.6M | 18.89M | 26.38M | 35.22M | 35.22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -82.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | -198.23M | 18.9M | 14.12M | 14.57M | 15.25M | 19.91M | 20.3M | 15.06M | 19.28M | 13.07M | -43.85M | 9.54M | 18.32M | 16.58M | 16.8M | 23.94M | 50.37M | 42.7M | 42.46M | 28.11M | 24.24M | 18.84M | 24.15M | 3K | 48K | 48K | 0 |
| Total Assets | 1.6B | 1.55B | 1.58B | 1.54B | 1.49B | 1.32B | 1.05B | 971.42M | 959.89M | 494.1M | 444.14M | 513.14M | 538.98M | 530.25M | 544.74M | 503.92M | 525.02M | 546.85M | 732.41M | 883.44M | 1B | 1.16B | 1.14B | 816.64M | 784.95M | 823.01M | 832.59M |
| Asset Turnover | 1.89x | 1.91x | 1.87x | 2.04x | 2.99x | 3.25x | 2.96x | 2.71x | 2.98x | 3.67x | 4.24x | 3.74x | 3.67x | 4.06x | 3.50x | 3.48x | 3.44x | 3.01x | 3.80x | 4.34x | 4.88x | 4.86x | 3.23x | 5.23x | 4.76x | 4.58x | 5.07x |
| Asset Growth % | -5.9% | -1.8% | 2.61% | 3.19% | 13.1% | 25.7% | 7.9% | 1.2% | 94.27% | 11.25% | -13.45% | -4.79% | 1.65% | -2.66% | 8.1% | -4.02% | -3.99% | -25.34% | -17.1% | -12.04% | -13.24% | 1.81% | 39.24% | 4.04% | -4.62% | -1.15% | - |
| Total Current Liabilities | 267.96M | 211.28M | 233.72M | 218.56M | 210.68M | 243.79M | 229.03M | 171.12M | 196.77M | 117.61M | 154.34M | 130.17M | 117.24M | 106.83M | 139.74M | 123.07M | 108.49M | 119.24M | 199.18M | 231.52M | 279.01M | 418.08M | 427.84M | 172.88M | 133.86M | 133.86M | 0 |
| Accounts Payable | 195.29M | 136.39M | 170.2M | 157.93M | 151.63M | 180M | 165.16M | 132.35M | 149.19M | 70.62M | 82.73M | 88.09M | 67.29M | 60.36M | 77.85M | 70.23M | 62.83M | 64.62M | 78.37M | 164.72M | 195.81M | 327M | 270.27M | 110.19M | 92.51M | 0 | 0 |
| Days Payables Outstanding | 24.47 | 19.89 | 25.22 | 22.09 | 15.3 | 18.78 | 23.01 | 21.18 | 21.51 | 16.27 | 18.26 | 18.98 | 14.03 | 11.45 | 16.94 | 16.59 | 14.39 | 16.23 | 11.61 | 17.47 | 16.17 | 23.36 | 29.54 | 10.54 | 10.02 | - | - |
| Short-Term Debt | 29.9M | 0 | 0 | 0 | 0 | 0 | 1.17M | 2.18M | 1.74M | 21.59M | 51.16M | 23.9M | 29.96M | 28.52M | 44.33M | 31.41M | 24.28M | 27.23M | 84.72M | 37.15M | 59.98M | 62.39M | 126.14M | 40.62M | 33.05M | 33.05M | 0 |
| Deferred Revenue (Current) | 7.87M | 0 | 3.94M | 3.94M | 3.94M | 3.93M | 4.04M | 3.94M | 5.33M | 1.84M | 1.84M | 4.17M | 6.16M | 5M | 6.62M | 4.88M | 4.59M | 4.88M | 11.55M | 10.37M | 8.57M | 13.49M | 18.29M | 15.96M | 3.79M | 0 | 0 |
| Other Current Liabilities | 42.77M | 43.57M | 38.57M | 29.65M | 16.52M | 40.71M | 39.06M | 18.86M | 27.36M | 3.52M | 3.86M | 14.02M | 13.83M | 12.95M | 10.94M | 16.56M | 16.79M | 22.51M | 24.55M | 19.28M | 14.63M | 15.2M | 13.14M | 6.1M | 4.5M | -125.56M | 0 |
| Current Ratio | 3.90x | 4.66x | 4.85x | 5.13x | 5.11x | 3.88x | 2.92x | 3.38x | 3.05x | 2.92x | 2.24x | 3.09x | 3.54x | 3.76x | 2.95x | 2.90x | 3.18x | 3.08x | 2.61x | 2.94x | 2.86x | 2.27x | 2.15x | 3.56x | 4.24x | 4.24x | - |
| Quick Ratio | 2.51x | 3.12x | 3.33x | 3.55x | 2.81x | 1.87x | 1.42x | 1.36x | 1.31x | 1.33x | 1.00x | 1.35x | 1.47x | 1.67x | 1.30x | 1.39x | 1.44x | 1.63x | 1.66x | 1.49x | 1.39x | 1.14x | 0.98x | 1.79x | 1.93x | 1.93x | - |
| Cash Conversion Cycle | 50.78 | 54.61 | 55.43 | 52.56 | 54.2 | 61.16 | 59.26 | 60.86 | 54.36 | 53.89 | 48.38 | 56.23 | 63.2 | 56.46 | 63.24 | 56.12 | 52.84 | 53.74 | 33.61 | 43.21 | 40.66 | 36.34 | 61.28 | 43.78 | 46.88 | - | - |
| Total Non-Current Liabilities | 714.58M | 720.68M | 697.55M | 684.75M | 689.34M | 710.41M | 760.01M | 826.38M | 777.78M | 341.49M | 319.64M | 428.87M | 457.77M | 429.32M | 425.59M | 372.47M | 415.54M | 376.79M | 430.38M | 497.09M | 535.96M | 555.7M | 567.73M | 6.69M | 6.92M | 6.92M | 0 |
| Long-Term Debt | 637.34M | 296.66M | 295.06M | 293.74M | 292.42M | 291.27M | 321.27M | 458.44M | 497.94M | 276.68M | 270.79M | 377.77M | 400.26M | 387.24M | 368.45M | 328.69M | 381.68M | 341.67M | 384.87M | 478.54M | 522.72M | 540.85M | 558M | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 1.03B | 346.01M | 320.12M | 306.77M | 306M | 311.38M | 312.41M | 238.62M | 143.49M | 14.06M | 8.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 17.72M | 0 | 0 | 0 | -581.87M | 35M | 23.86M | 0 | 518K | 823K | 449K | 382K | 192K | 192K | 17.47M | 2.63M | 1.1M | 1.91M | 740K | 3.79M | 4.73M | 4.73M | 0 |
| Other Non-Current Liabilities | 77.24M | 18.66M | 19.08M | 17.64M | 2.79M | 33.56M | 48.32M | 47.44M | 50.35M | 50.75M | 40.49M | 51.09M | 57.51M | 42.08M | 57.15M | 43.77M | 33.66M | 35.12M | 28.04M | 15.93M | 12.14M | 12.94M | 8.99M | 2.9M | 2.19M | -4.73M | 0 |
| Total Liabilities | 982.54M | 931.96M | 931.28M | 903.32M | 900.01M | 954.21M | 989.04M | 997.51M | 974.55M | 459.09M | 473.98M | 559.04M | 575.01M | 536.14M | 565.33M | 495.54M | 524.03M | 496.03M | 629.55M | 728.61M | 814.96M | 973.79M | 995.57M | 179.57M | 140.78M | 179.08M | 161.7M |
| Total Debt | 667.24M | 673.98M | 636.2M | 617.97M | 612.94M | 615.66M | 646.6M | 713.03M | 668.13M | 316.76M | 321.96M | 401.67M | 433.23M | 417.51M | 412.78M | 360.11M | 405.96M | 368.9M | 469.58M | 515.69M | 582.7M | 603.24M | 684.14M | 40.62M | 33.05M | 33.05M | 0 |
| Net Debt | 348.16M | 288.14M | 130.57M | 96.23M | 314M | 530.46M | 646.52M | 701.39M | 659.19M | 312.07M | 316.42M | 396.86M | 428.71M | 412.48M | 407.59M | 355.21M | 391.66M | 339.44M | 319.23M | 499.93M | 555.66M | 578.92M | 668.56M | 40.11M | 32.9M | 32.9M | 0 |
| Debt / Equity | 1.08x | 1.09x | 0.98x | 0.97x | 1.04x | 1.69x | 10.94x | - | - | 9.05x | - | - | - | - | - | 43.00x | 409.64x | 7.26x | 4.57x | 3.33x | 3.08x | 3.28x | 4.84x | 0.06x | 0.05x | 0.05x | - |
| Debt / EBITDA | 9.47x | 9.31x | 5.05x | 3.62x | 1.31x | 1.32x | 3.78x | 10.90x | 53.28x | 8.12x | 6.29x | 15.14x | 18.83x | - | 29.33x | 157.11x | - | 513.08x | 40.73x | 23.85x | 5.78x | 4.37x | 7.84x | 0.37x | 0.49x | 0.44x | - |
| Net Debt / EBITDA | 4.94x | 3.98x | 1.04x | 0.56x | 0.67x | 1.14x | 3.78x | 10.73x | 52.57x | 8.00x | 6.18x | 14.96x | 18.63x | - | 28.96x | 154.98x | - | 472.11x | 27.69x | 23.12x | 5.51x | 4.19x | 7.66x | 0.36x | 0.49x | 0.44x | - |
| Interest Coverage | 0.69x | 1.00x | 4.65x | 4.45x | 10.34x | 9.66x | 3.01x | 0.60x | -0.27x | 1.45x | 1.69x | 0.58x | 0.49x | -0.77x | 0.20x | -0.23x | -0.59x | -0.75x | -0.25x | -0.04x | 1.57x | 2.73x | 1.71x | 2.94x | - | 36.48x | - |
| Total Equity | 615.55M | 617.32M | 646.44M | 634.29M | 590.03M | 363.25M | 59.09M | -26.08M | -14.66M | 35M | -29.84M | -45.9M | -36.03M | -5.9M | -20.59M | 8.37M | 991K | 50.82M | 102.85M | 154.82M | 189.4M | 183.85M | 141.49M | 637.07M | 644.17M | 643.93M | 670.88M |
| Equity Growth % | -17.46% | -4.51% | 1.92% | 7.5% | 62.43% | 514.72% | 326.55% | -77.88% | -141.89% | 217.3% | 34.98% | -27.4% | -510.82% | 71.36% | -345.9% | 745% | -98.05% | -50.59% | -33.57% | -18.26% | 3.02% | 29.94% | -77.79% | -1.1% | 0.04% | -4.02% | - |
| Book Value per Share | 77.46 | 77.69 | 75.41 | 70.52 | 62.78 | 36.79 | 6.25 | -2.79 | -1.59 | 3.79 | -3.28 | -5.25 | -4.19 | -0.74 | -3.43 | 1.78 | 0.29 | 14.49 | 29.27 | 44.39 | 54.43 | 53.33 | 61.66 | 291.95 | 295.20 | 295.09 | 307.45 |
| Total Shareholders' Equity | 615.55M | 617.32M | 646.44M | 634.29M | 590.03M | 363.25M | 59.09M | -26.08M | -14.66M | 35M | -29.84M | -45.9M | -36.03M | -5.9M | -20.59M | 8.37M | 991K | 50.82M | 102.85M | 154.82M | 189.4M | 183.85M | 141.49M | 637.07M | 644.17M | 643.93M | 670.88M |
| Common Stock | 78K | 79K | 83K | 87K | 90K | 97K | 95K | 94K | 92K | 91K | 90K | 894K | 888K | 866K | 637K | 620K | 327K | 322K | 323K | 312K | 309K | 303K | 295K | 295K | 0 | 0 | 0 |
| Retained Earnings | 521.02M | 522.47M | 522.25M | 469.14M | 420.6M | 124.43M | -171.71M | -252.59M | -236.22M | -188.17M | -251.25M | -267.12M | -255.54M | -241.62M | -201M | -177.97M | -139.41M | -86.16M | -24.7M | 7M | 50.61M | 50.18M | 20.68M | 20.68M | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | -31.41M | -29.36M | -35.99M | -34.56M | -37.13M | -36.51M | -36.65M | -34.77M | -34.42M | -16.29M | -30.04M | -21.9M | -7.36M | -8.38M | -16.92M | 5.43M | 412K | 1.02M | -789K | -789K | -300.95M | -293.9M | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Housing market cyclicality
As reported in recent SEC filings, BlueLinx has maintained a relatively stable equity base of approximately $615 million to $655 million over the last ten quarters, suggesting that management is successfully preserving book value despite the significant cyclical pressures inherent in the wholesale building materials distribution industry.
The consistency in equity levels indicates a disciplined approach to capital preservation, even as operating margins remain under pressure. Investors should monitor whether this stability can be maintained if the current housing market downturn persists and necessitates further balance sheet support.
Based on the company's reported figures, the debt-to-equity ratio has remained tightly controlled between 0.95 and 1.09 over the past two years, reflecting a strategic commitment to maintaining a manageable leverage profile despite the inherent volatility of the construction sector's commodity-driven revenue streams.
This leverage profile appears appropriate for a capital-intensive distribution business, providing enough flexibility to navigate periods of low demand without excessive interest burden. However, the reliance on debt to fund operations warrants caution if interest rates remain elevated for an extended period.
According to financial statements, BlueLinx has significantly expanded its net property, plant, and equipment from $263.2 million in 2023Q4 to $549.0 million in 2026Q1, signaling a shift toward a more asset-heavy distribution model that requires sustained volume to justify the associated fixed cost base.
The rapid growth in PPE suggests an investment in logistics infrastructure, which may improve long-term efficiency but increases the company's sensitivity to volume declines. Analysts should evaluate whether this capital expenditure will yield the necessary throughput to improve the currently thin operating margins.
As indicated by the most recent quarterly data, the company holds $319.1 million in cash, which, while down from the $526.3 million peak in 2024Q3, provides a substantial liquidity buffer to navigate the current period of stagnant revenue and compressed net margins in the construction market.
The current ratio of 3.90 remains robust, suggesting that the company is well-positioned to meet its short-term obligations even if market conditions deteriorate further. This liquidity position is a critical safeguard against the inherent volatility of the building materials supply chain.
Based on the provided balance sheet data, the disappearance of deferred revenue from $70.5 million in 2023Q4 to zero in 2026Q1 suggests a potential shift in customer ordering patterns or contract structures that may mask underlying weakness in future demand visibility for the company.
The absence of deferred revenue removes a key forward-looking indicator, making it more difficult to gauge the health of the sales pipeline. Investors should investigate whether this change reflects a fundamental shift in business model or merely a temporary adjustment in how the company recognizes its performance obligations.
Quick answers to the most common questions about buying BXC stock.
As of 2025, BlueLinx Holdings Inc. (BXC) had total assets of $1.55B including $984.5M in current assets.
BlueLinx Holdings Inc. (BXC) carries total debt of $674.0M, offset by $385.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
BlueLinx Holdings Inc. (BXC) has total shareholders' equity (book value) of $617.3M ($77.69 book value per share). Book value represents the net worth of the company belonging to common stock holders.
BlueLinx Holdings Inc. (BXC) reported a current ratio of 4.66x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.