Revenue has experienced a sustained decline, contracting by 6.9% in 2026Q1, while gross margins have compressed to 12.8% due to an inability to offset inflationary input costs.
| Sales/Revenue | 3.16B | 3.21B | 3.78B | 4.3B | 4.54B | 4.18B | 4.24B | 4.29B | 4.35B | 3.76B | 3.67B | 3.38B | 3.51B |
| Revenue Growth % | -12.11% | -14.95% | -12.28% | -5.27% | 8.66% | -1.27% | -1.26% | -1.31% | 15.48% | 2.65% | 8.45% | -3.6% | - |
| Cost of Goods Sold | 2.66B | 2.7B | 3.09B | 3.47B | 3.76B | 3.36B | 3.33B | 3.42B | 3.42B | 2.92B | 2.87B | 2.72B | 2.92B |
| COGS % of Revenue | - | 83.99% | 81.75% | 80.66% | 82.7% | 80.32% | 78.71% | 79.66% | 78.75% | 77.46% | 78.18% | 80.3% | 83.25% |
| Gross Profit | 494.8M | 514.2M | 688.97M | 832.62M | 785.92M | 822.92M | 901.91M | 872.54M | 923.7M | 848.2M | 800M | 665.93M | 587.34M |
| Gross Margin % | 15.67% | 16.01% | 18.25% | 19.34% | 17.3% | 19.68% | 21.29% | 20.34% | 21.25% | 22.54% | 21.82% | 19.7% | 16.75% |
| Gross Profit Growth % | - | -25.37% | -17.25% | 5.94% | -4.5% | -8.76% | 3.37% | -5.54% | 8.9% | 6.02% | 20.13% | 13.38% | - |
| Operating Expenses | 767.69M | 554.4M | 815.42M | 691.02M | 726.58M | 607.07M | 713.18M | 682.13M | 733.7M | 585.1M | 589.4M | 512.13M | 488.48M |
| OpEx % of Revenue | - | 17.26% | 21.6% | 16.05% | 15.99% | 14.52% | 16.84% | 15.9% | 16.88% | 15.54% | 16.07% | 15.15% | 13.93% |
| Selling, General & Admin | 554.9M | 554.53M | 644.05M | 661.83M | 649.14M | 603.78M | 704.36M | 671.31M | 733.7M | 558.78M | 589.4M | 512.13M | 488.48M |
| SG&A % of Revenue | - | 17.27% | 17.06% | 15.38% | 14.29% | 14.44% | 16.63% | 15.65% | 16.88% | 14.85% | 16.07% | 15.15% | 13.93% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 2M | -137K | 171.37M | 29.2M | 77.45M | 3.29M | 8.82M | 10.81M | 0 | -2M | 0 | 0 | 1.5M |
| Operating Income | -272.88M | -40.2M | -126.45M | 141.6M | 59.34M | 215.85M | 188.72M | 190.41M | 172.7M | 263.12M | 196.7M | 132.47M | 60.48M |
| Operating Margin % | -8.64% | -1.25% | -3.35% | 3.29% | 1.31% | 5.16% | 4.46% | 4.44% | 3.97% | 6.99% | 5.36% | 3.92% | 1.72% |
| Operating Income Growth % | - | 68.21% | -189.3% | 138.64% | -72.51% | 14.37% | -0.89% | 10.26% | -34.37% | 33.77% | 48.49% | 119.04% | - |
| EBITDA | -158.39M | 72.18M | -660K | 281.79M | 191.09M | 353.09M | 323.35M | 324.38M | 297.8M | 374.4M | 304.69M | 227.66M | 160.5M |
| EBITDA Margin % | -5.02% | 2.25% | -0.02% | 6.55% | 4.21% | 8.44% | 7.63% | 7.56% | 6.85% | 9.95% | 8.31% | 6.73% | 4.58% |
| EBITDA Growth % | 7.62% | 11036.06% | -100.23% | 47.47% | -45.88% | 9.2% | -0.32% | 8.93% | -20.46% | 22.88% | 33.84% | 41.84% | - |
| D&A (Non-Cash Add-back) | 114.49M | 112.38M | 125.79M | 140.19M | 131.75M | 137.25M | 134.62M | 133.97M | 125.1M | 111.27M | 108M | 95.2M | 100.03M |
| EBIT | -285.83M | -407.14M | -103.58M | 160.83M | 112.77M | 227.75M | 191.47M | 191.82M | 201.93M | 221.34M | 207.91M | 146.59M | 12.39M |
| Net Interest Income | -69.44M | -67.18M | -67.24M | -72.26M | -82.5M | -76.79M | -74.8M | -71.78M | -70.82M | -79.03M | -77.59M | -60.63M | -69.29M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 826K | 1.65M | 2.44M |
| Interest Expense | 69.46M | 67.18M | 67.24M | 72.26M | 82.5M | 76.79M | 74.8M | 71.78M | 70.8M | 79M | 77.6M | 62.28M | 71.72M |
| Other Income/Expense | -85.32M | -434.12M | -44.37M | -53.03M | -29.07M | -64.89M | -72.05M | -70.37M | -35.93M | -115.52M | -66.42M | -46.51M | -119.81M |
| Pretax Income | -358.25M | -474.32M | -170.82M | 88.57M | 30.26M | 150.96M | 116.67M | 120.05M | 135.6M | 145.8M | 132M | 85.95M | -59.33M |
| Pretax Margin % | -11.35% | -14.77% | -4.52% | 2.06% | 0.67% | 3.61% | 2.75% | 2.8% | 3.12% | 3.87% | 3.6% | 2.54% | -1.69% |
| Income Tax | 150.67M | 147.93M | 16.76M | 63.34M | 18.04M | 19.64M | 25.09M | 57.07M | -8M | 138.6M | -225.6M | -5.43M | 18.94M |
| Effective Tax Rate % | -42.06% | -31.19% | -9.81% | 71.51% | 59.61% | 13.01% | 21.5% | 47.54% | -5.9% | 95.06% | -170.91% | -6.32% | -31.92% |
| Net Income | -507.87M | -621.21M | -189.02M | 62.45M | 45.73M | 168.82M | 91.59M | 62.97M | 144.3M | 10.8M | 357.5M | 90.92M | -84.11M |
| Net Margin % | -16.09% | -19.35% | -5.01% | 1.45% | 1.01% | 4.04% | 2.16% | 1.47% | 3.32% | 0.29% | 9.75% | 2.69% | -2.4% |
| Net Income Growth % | -44.52% | -228.65% | -402.7% | 36.56% | -72.91% | 84.33% | 45.44% | -56.36% | 1236.11% | -96.98% | 293.21% | 208.1% | - |
| Net Income (Continuing) | -509.01M | -622.25M | -187.58M | 25.23M | 12.22M | 131.32M | 91.59M | 62.97M | 141.91M | 8.12M | 380.5M | 93.77M | -78.28M |
| Discontinued Operations | 1.04M | 1.04M | -1.44M | 37.21M | 33.5M | 37.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17K | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -5.92 | -7.25 | -2.22 | 0.73 | 0.53 | 1.72 | 0.90 | 0.62 | 1.36 | 0.10 | -0.19 | -2.76 | -0.78 |
| EPS Growth % | -42.41% | -226.58% | -404.11% | 37.74% | -69.19% | 91.11% | 45.16% | -54.41% | 1275.13% | 152.05% | 93.12% | -253.85% | - |
| EPS (Basic) | - | -7.25 | -2.22 | 0.73 | 0.54 | 1.87 | 0.91 | 0.63 | 1.38 | 0.10 | -0.19 | -2.76 | -0.80 |
| Diluted Shares Outstanding | 85.8M | 85.39M | 84.99M | 85.87M | 87.08M | 98.37M | 101.68M | 101.63M | 106.36M | 109.21M | 104.88M | 108.51M | 108.51M |
| Basic Shares Outstanding | 85.8M | 85.34M | 84.99M | 85.31M | 84.35M | 90.19M | 100.81M | 100.67M | 104.53M | 105.99M | 104.88M | 105.31M | 105.31M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | 113.06% | 461.09% | - |
High leverage and margin erosion
According to recent financial filings, JELD-WEN has experienced a sustained period of top-line decline, with revenue contracting by 6.9% in 2026Q1 alone, following a series of double-digit quarterly drops that highlight the company's sensitivity to the cooling residential construction and home renovation markets.
The consistent revenue decay suggests that the company is struggling to maintain volume in its core North American and European segments. This trend appears to be driven by a combination of lower housing turnover and the late-cycle nature of its product offerings, which leaves the firm exposed to prolonged demand weakness.
As reported in quarterly income statements, JELD-WEN's gross margin has struggled to maintain stability, falling to 12.8% in 2026Q1, which reflects a significant inability to offset inflationary input costs or maintain pricing power within the highly competitive vinyl window and door skin markets.
The inability to sustain gross margins above the 20% threshold indicates a potential lack of pricing power compared to more specialized building product peers. This margin profile suggests that the company's high fixed-cost manufacturing base is currently a liability rather than an asset during periods of low capacity utilization.
Based on the provided income statement data, JELD-WEN's operating income has remained consistently negative, with a -7.4% operating margin in 2026Q1, demonstrating that the company's high fixed-cost structure is failing to scale effectively as revenue continues to trend downward across its primary business segments.
The persistent negative operating income suggests that the company is unable to achieve the necessary operating leverage to cover its overhead expenses. Investors should monitor whether management's ongoing footprint optimization efforts can eventually reduce this fixed-cost burden or if the current structure remains fundamentally misaligned with current demand levels.
Data from recent filings indicates a precarious financial position, characterized by a debt-to-equity ratio of 15.81%, which raises significant concerns regarding the company's ability to navigate a prolonged downturn without further eroding shareholder value or facing potential liquidity constraints in a high-interest rate environment.
While some may argue that a 'margin spring' is possible through manufacturing consolidation, the current negative net margins suggest that the company is far from a sustainable recovery. The reliance on restructuring to achieve profitability warrants skepticism, as these costs often recur, masking the true underlying operational performance of the business.
Quick answers to the most common questions about buying JELD stock.
For fiscal year 2025, JELD-WEN Holding, Inc. (JELD) reported total revenue of $3.21B. This represents a 8.4% decline compared to $3.51B in 2014.
JELD-WEN Holding, Inc. (JELD) reported a net loss of $621.2M for the fiscal year ending 2025.
JELD-WEN Holding, Inc. (JELD) reported an operating income of $-40.2M, resulting in an operating profit margin of -1.3%. This margin reflects the operational efficiency of the business before interest and taxes.
JELD-WEN Holding, Inc. (JELD) generated $514.2M in gross profit for the year, representing a gross profit margin of 16.0%. This demonstrates the company's core pricing power and production efficiency.