Latest Ratios: P/E Ratio -112.7x · EV/EBITDA 9.2x · ROE 0.0%. (2000–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $472M | $483M | $889M | $1.0B | $668M | $946M | $277M | $133M | $228M | $90M | $68M |
| Enterprise Value | $760M | $771M | $1.0B | $1.1B | $982M | $1.5B | $923M | $835M | $887M | $402M | $384M |
| P/E Ratio → | -112.72 | 2201.09 | 16.76 | 21.02 | 2.26 | 3.19 | 3.42 | — | — | 1.43 | 4.22 |
| P/S Ratio | 0.15 | 0.16 | 0.30 | 0.32 | 0.15 | 0.22 | 0.09 | 0.05 | 0.08 | 0.05 | 0.04 |
| P/B Ratio | 0.78 | 0.78 | 1.38 | 1.61 | 1.13 | 2.60 | 4.68 | — | — | 2.58 | — |
| P/FCF | 8.57 | 14.69 | 19.73 | 3.66 | 1.83 | 7.24 | 5.39 | — | 5.87 | — | 1.67 |
| P/OCF | 7.89 | 8.07 | 10.44 | 3.33 | 1.67 | 6.52 | 5.03 | — | 5.48 | — | 1.64 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.26 | 0.35 | 0.36 | 0.22 | 0.35 | 0.30 | 0.32 | 0.31 | 0.22 | 0.20 |
| EV / EBITDA | 9.21 | 10.65 | 8.09 | 6.54 | 2.10 | 3.17 | 5.40 | 12.76 | 70.74 | 10.31 | 7.51 |
| EV / EBIT | 23.39 | 23.73 | 11.32 | 10.56 | 2.25 | 3.36 | 6.48 | 25.59 | — | 13.06 | 9.13 |
| EV / FCF | — | 23.47 | 22.62 | 4.00 | 2.70 | 11.30 | 17.99 | — | 22.84 | — | 9.43 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.3% | 15.3% | 16.6% | 16.8% | 18.7% | 18.2% | 15.4% | 13.5% | 11.6% | 12.7% | 12.1% |
| Operating Margin | 1.1% | 1.1% | 3.0% | 4.4% | 9.9% | 10.2% | 4.6% | 1.3% | -0.5% | 1.7% | 2.2% |
| Net Profit Margin | 0.0% | 0.0% | 1.8% | 1.5% | 6.7% | 6.9% | 2.6% | -0.7% | -1.7% | 3.5% | 0.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.0% | 0.0% | 8.3% | 7.9% | 62.1% | 140.2% | 490.1% | — | -472.5% | 2441.2% | — |
| ROA | 0.0% | 0.0% | 3.4% | 3.2% | 21.1% | 25.0% | 8.0% | -1.8% | -6.6% | 13.4% | 3.4% |
| ROIC | 2.9% | 2.9% | 8.7% | 12.7% | 36.6% | 41.1% | 15.5% | 4.0% | -2.0% | 7.1% | 9.8% |
| ROCE | 2.4% | 2.4% | 6.6% | 10.7% | 37.3% | 46.3% | 17.6% | 4.5% | -2.3% | 9.0% | 12.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.09 | 1.09 | 0.98 | 0.97 | 1.04 | 1.69 | 10.94 | — | — | 9.05 | — |
| Debt / EBITDA | 9.31 | 9.31 | 5.05 | 3.62 | 1.31 | 1.32 | 3.78 | 10.90 | 53.28 | 8.12 | 6.29 |
| Net Debt / Equity | — | 0.47 | 0.20 | 0.15 | 0.53 | 1.46 | 10.94 | — | — | 8.92 | — |
| Net Debt / EBITDA | 3.98 | 3.98 | 1.04 | 0.56 | 0.67 | 1.14 | 3.78 | 10.73 | 52.57 | 8.00 | 6.18 |
| Debt / FCF | — | 8.77 | 2.90 | 0.35 | 0.86 | 4.06 | 12.60 | — | 16.98 | — | 7.76 |
| Interest Coverage | 1.00 | 1.00 | 4.65 | 4.45 | 10.34 | 9.66 | 3.01 | 0.60 | -0.27 | 1.45 | 1.69 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.66 | 4.66 | 4.85 | 5.13 | 5.11 | 3.88 | 2.92 | 3.38 | 3.05 | 2.92 | 2.24 |
| Quick Ratio | 3.12 | 3.12 | 3.33 | 3.55 | 2.81 | 1.87 | 1.42 | 1.36 | 1.31 | 1.33 | 1.00 |
| Cash Ratio | 1.83 | 1.83 | 2.16 | 2.39 | 1.42 | 0.35 | 0.00 | 0.07 | 0.05 | 0.04 | 0.04 |
| Asset Turnover | — | 1.91 | 1.87 | 2.04 | 2.99 | 3.25 | 2.96 | 2.71 | 2.98 | 3.67 | 4.24 |
| Inventory Turnover | 7.68 | 7.68 | 6.92 | 7.59 | 7.47 | 7.16 | 7.66 | 6.59 | 7.40 | 8.45 | 8.64 |
| Days Sales Outstanding | — | 26.96 | 27.92 | 26.58 | 20.63 | 28.98 | 34.60 | 26.69 | 26.57 | 26.96 | 24.42 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | 0.0% | 6.0% | 4.8% | 44.3% | 31.3% | 29.2% | — | — | 69.8% | 23.7% |
| FCF Yield | 11.7% | 6.8% | 5.1% | 27.4% | 54.5% | 13.8% | 18.5% | — | 17.0% | — | 60.1% |
| Buyback Yield | 8.6% | 8.4% | 5.5% | 4.7% | 11.5% | 0.5% | 0.1% | 0.2% | 1.3% | 0.3% | 0.3% |
| Total Shareholder Yield | 8.6% | 8.4% | 5.5% | 4.7% | 11.5% | 0.5% | 0.1% | 0.2% | 1.3% | 0.3% | 0.3% |
| Shares Outstanding | — | $8M | $9M | $9M | $9M | $10M | $9M | $9M | $9M | $9M | $9M |
Includes 30+ ratios · 26 years · Updated daily
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Quick answers to the most common questions about buying BXC stock.
BlueLinx Holdings Inc.'s current P/E ratio is -112.7x. The historical average is 10.0x.
BlueLinx Holdings Inc.'s current EV/EBITDA is 9.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.1x.
BlueLinx Holdings Inc.'s return on equity (ROE) is 0.0%. The historical average is -1.6%.
Based on historical data, BlueLinx Holdings Inc. is trading at a P/E of -112.7x. Compare with industry peers and growth rates for a complete picture.
BlueLinx Holdings Inc. has 15.3% gross margin and 1.1% operating margin.
BlueLinx Holdings Inc.'s Debt/EBITDA ratio is 9.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Razor-thin net margins
Metrics are mathematically derived from official filings.
Trailing Multiples Distorted by Earnings Near Zero
Based on reported figures, BXC trades at a trailing P/E of 2196.38 but a forward P/E of 67.36 and EV/EBITDA of 10.50, suggesting trailing earnings are too depressed to anchor valuation and forward expectations carry most of the pricing weight.
The trailing P/E of 2196.38 reflects net income so close to zero that the ratio carries little information, whereas the forward P/E of 67.36 implies the market is pricing a substantial earnings recovery. EV/EBITDA of 10.50 and forward EV/EBITDA of 9.32 appear more usable, though they still depend on EBITDA that is thin relative to revenue. Investors should monitor whether the forward estimate is realized, since the current multiples leave little margin for an earnings shortfall.
Gross Margin Stable but Operating Leverage Thin
As reported in quarterly financial statements, BXC's gross margin ranged from 13.1% to 17.2% across ten quarters while operating margin stayed between roughly -0.5% and 3.2%, indicating fixed costs absorb most gross profit.
Gross margin has been relatively steady, which suggests specialty mix is cushioning commodity-driven pricing swings in the structural segment. The gap between gross and operating margin, consistently near 13 to 15 points, points to a heavy fixed cost base in warehousing, fleet, and labor. This structure likely means small volume or pricing changes produce outsized swings in operating income.
Returns Compressed Well Below 2024 Levels
Based on reported figures, BXC's ROIC fell from 2.3% in 2024Q3 to between -0.3% and 1.6% across recent quarters, suggesting the company has been unable to sustain returns on its expanded capital base.
ROE and ROA have both decayed from their 2024 peaks, with ROE moving from 2.4% to values near zero by 2026. Because the net PP&E base grew materially over the period, the decline in ROIC may reflect capital being added faster than it generates earnings. Whether this reflects temporary cycle timing or structural overinvestment warrants further investigation.
Current Ratio Flattered by Inventory Dependence
According to reported quarterly figures, BXC's current ratio of 3.84 and quick ratio of 2.51 in 2026Q3 appear strong, yet cash declined from $526.3M to $349.8M, suggesting coverage relies on inventory and receivables rather than liquid cash.
A quick ratio of 2.51 remains high, but the drop in cash over the period indicates that liquidity is being sustained by working capital assets whose realization depends on commodity prices and collection timing. Inventory days of roughly 50 mean a meaningful share of current assets is exposed to lumber price declines. Under a severe stress scenario, the value of that inventory would be the key variable to monitor.
Leverage Stable but Coverage Erratic
As reported in financial statements, BXC's debt-to-equity has held near 1.0x between 0.97 and 1.09 while interest coverage swung from -1.93 to 2.85, suggesting debt is structurally steady but earnings-based coverage is unreliable.
Debt levels have changed little, so the leverage profile is structural rather than expanding. The erratic interest coverage, including a negative reading in 2025Q4, reflects operating income near break-even rather than any rise in borrowing costs. Because coverage depends on thin earnings, investors should treat the current debt load as manageable only while operating income remains positive.
Working Capital Cycle Lengthened by Inventory
Based on reported figures, BXC's cash conversion cycle widened from 58 days to 63 days over ten quarters, driven mainly by inventory days rising from 50 to 55, suggesting working capital is absorbing cash.
Asset turnover of roughly 0.46 to 0.51 is consistent with a wholesale distributor, but the lengthening inventory cycle indicates slower stock clearance. DSO has been stable near 45 to 48 days, so the pressure is concentrated in inventory rather than receivables. Persistent inventory build would tie up cash and raise exposure to price declines.
Misapplied P/E Obscures True Earnings Power
Based on reported figures, the trailing P/E is the most commonly misapplied ratio for BXC, since net margins near zero produce a P/E above 2000 that obscures underlying cash generation and gross profit trends.
For a thin-margin distributor, trailing P/E is driven by near-zero denominators and is not a meaningful valuation anchor. EV/EBITDA and free cash flow yield, with P/FCF of 14.36, better reflect operating economics and capital intensity. Investors should adjust for working capital swings in FCF before drawing conclusions about value.