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    BlueLinx Holdings (BXC) Q4 EPS Loss And 0.01% Margin Test Bullish Recovery Narratives

    Simply Wall St·02/25/2026 23:36:53
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    BlueLinx Holdings (BXC) closed out FY 2025 with Q4 revenue of US$715.8 million and a basic EPS loss of US$1.08, compared with Q4 2024 revenue of US$710.6 million and basic EPS of US$0.63. Trailing twelve month EPS was US$0.02 on revenue of US$2.95 billion.

    The company’s quarterly revenue moved from US$747.3 million in Q3 2024 to US$780.1 million in Q2 2025 and US$748.9 million in Q3 2025. Over the same periods, EPS shifted from US$1.89 to US$0.54 and US$0.21. This presents a mixed picture for margin resilience as investors weigh the current earnings profile against the longer term growth outlook and potential rewards.

    See our full analysis for BlueLinx Holdings.

    With the latest numbers on the table, the next step is to see how this earnings profile lines up with the key narratives around BlueLinx, and where the story investors follow might need updating.

    See what the community is saying about BlueLinx Holdings

    NYSE:BXC Revenue & Expenses Breakdown as at Feb 2026
    NYSE:BXC Revenue & Expenses Breakdown as at Feb 2026

    Margins Compressed After One-Off Adjustments

    • Over the last 12 months, BlueLinx generated about US$2.95b in revenue with net income of only US$0.2 million, which works out to a trailing net profit margin of 0.01% compared with 1.8% in the prior year and includes a US$3.9 million one off gain.
    • Bears argue that weak profitability and earnings quality limit the story, and the trailing numbers give them some backing:
      • Five year earnings are reported to have declined at 39.1% per year while the latest full year essentially broke even at the net income line despite multi billion dollar sales.
      • The one off US$3.9 million gain lifts reported earnings, so without it, the already thin 0.01% margin would be even lower, which lines up with the bearish focus on margin pressure and earnings volatility.
    Skeptics point to these razor thin margins as a reason to stay cautious and question how durable any future recovery might be. 🐻 BlueLinx Holdings Bear Case

    Low 0.2x P/S Versus Weak Trailing Profits

    • The stock trades at US$67.15 with a P/S of 0.2x, well below the US Trade Distributors industry average of 1.3x and peer average of 1.4x, while the same dataset cites a DCF fair value of about US$27.11 for BlueLinx.
    • What is interesting is how this valuation mix lines up with the bullish view that earnings can ramp from here:
      • Bulls highlight forecasts for very large earnings growth of 115.4% per year over the next three years, which sits on top of a trailing net profit margin of just 0.01% and a TTM EPS of US$0.02.
      • The combination of a low P/S multiple and earnings growth forecasts that are much higher than the 10.4% revenue growth pace for the broader US market is exactly where bullish investors see upside, even though the DCF fair value is materially below the current share price.
    If you want to see how optimistic investors connect this thin profit base to that strong growth story, check out the 🐂 BlueLinx Holdings Bull Case for the full bullish case.

    EPS Swings Across FY 2025

    • Across FY 2025, basic EPS moved from US$0.34 in Q1 to US$0.54 in Q2, US$0.21 in Q3 and a loss of US$1.08 in Q4, while quarterly revenue stayed in a relatively tight band between US$709.2 million and US$780.1 million.
    • Consensus style narratives talk about mix shift and digital investments as EPS drivers, and the volatility in these figures gives both sides something to point to:
      • On one hand, Q2 net income of US$4.3 million on US$780.1 million of revenue versus a Q4 net loss of US$8.6 million on US$715.8 million of revenue shows how sensitive earnings are to changes in margin and cost levels even when sales are broadly similar.
      • On the other hand, trailing revenue growth of 4.7% per year and ongoing investment in logistics and digital tools, as highlighted in the narratives, help explain why some investors still focus on potential future efficiency gains despite the recent EPS swings.

    Next Steps

    To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for BlueLinx Holdings on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

    Seeing both cautious and optimistic angles here, it makes sense to check the numbers yourself and decide how convincing each side feels. To round out your view quickly, take a look at the 2 key rewards and 2 important warning signs so you can weigh the trade off between concerns and potential upsides for yourself.

    Explore Alternatives

    BlueLinx is working with razor thin 0.01% margins, volatile EPS across FY 2025 and a trailing earnings profile that leaves little room for error.

    If that fragile earnings picture makes you want something steadier, check out 79 resilient stocks with low risk scores to quickly see companies that score better on resilience and downside protection.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.